[EGreg]

1. Well, you want to have your coin usable to pay for something in your own community. The first thing you can offer are unsold seats and other things that literally cost you nothing. People who earned your coin can buy seats at your events, or sell them to other people (e.g. who live locally) to attend the event.

2. With your own coin, obviously. If the coin has value aboard a cruise ship, or events, etc. then everyone wins. There are many businesses that can benefit from selling unused inventory, and they may as well sell it for coins earned for things like bring other paying customers, contributing great testimonials, content, etc. Imagine being able to go on stage if you earned enough "loyalty points" or whatever.

3. Loyalty points have been around forever. And no, fans are not already promoters. I know in my own personal experience that even INVESTORS who invested in your company often sit back and hope that you'll make them a profit somehow, instead of bringing others in behind them. Let alone people who just come to a show. The easier you make it for them, e.g. having your own site with custom links that they can share and earn "affiliate revenue" in your own coin, the more traffic you'll get.

4. You get more traffic. More audience. More capital. More money. More loyalty. Independence from having your speech restricted or demonetized. Look at all the youtube personalities openly saying that they can't say this or that. Many comedians and performers are sensitive to being censored.

5) Also you can easily collect money from a global audience, and pay out to a global audience, without being a central bottleneck (FinTech) and without being required to post surety bonds as a "money-transmitter", instead letting people transact directly and you don't have the liability, and they don't have to trust you like they trust Binance or FTX or Celsius with custody of their funds etc. etc. You just provide the Web interface, they do the transaction, facilitated by IMMUTABLE smart contracts.

[mvdtnz]

But people can already pay for unsold seats... with money. The same way the sold seats were paid for.

[EGreg]

And how are they going to earn this money for actions that help the community?

It's much better when you can issue your own money supply

[mvdtnz]

Same way people have earned money for millennia I suppose. If it has value it will be paid for.

[EGreg]

Yes, exactly. It will be paid for in a coin that was issued by the community or the celebrity themselves.

The celebrity gets to have their own web server, their own coin, etc. making them independent of Big Tech and Big Banks. They can't get deplatformed. Their community can organize however they deem fit. The smart contracts allow everyone to trust the system.

Just saying someone will "pay you" like they did for millennia doesn't really discuss "in what medium". We have long moved past commodity money, gold blocks, then gold coins, then paper banknotes, to electronic money inside regulated banks, this is just the latest form that money can take.

Opposing it for the sake of opposing it, is like opposing the Web and HTTP and open protocols, because you think AOL and MSN walled gardens ought to be good enough for anybody, and no one really needs any custom servers or self-sovereign websites.

[habinero]

Almost nobody considers "deplatforming" to be a serious concern.

The kinds of people who are concerned are almost always people who engaging in risky or criminal behavior.

In the existing system, people can claw back money if they're defrauded or money is stolen. Under the memecoin system, that's impossible.