[ilovecomputers]

As I commented on the article, I think this whole monetary system might deter adoption of the application. Either way, check out Freenet if you want to see prior art in creating a decentralized web: https://freenetproject.org/

In that p2p project, all you contributed was storage and bandwidth.

[yafujifide]

I think the monetary system not only wouldn't "deter" adoption of the application, but would strongly incentivize its adoption. People will love being able to be paid for their work, rather than letting other people who they don't know get paid for it.

[ilovecomputers]

You're correct, getting paid for posts is a strong incentive. In the end, we won't know unless we try.

Personally, when I think of a decentralized reddit, there's nothing monetary about it. Simple points equate with popularity and that's incentive enough, but it's hard to build up a large audience like reddit did. Honestly, when I started reading your article, I was expecting to read a proposal for something like Namecoin, but for a decentralized reddit. Then the monetization part took me by surprise because that would totally change the social dynamic of the site. I would feel it would be less about the content and the popularity and more about trying to make money.

[ucho]

Right, that worked great for Steam build in mod-shop, people sold only their own creations. Oh wait, they didn't, they submitted everything they could find on Nexus. Re-posters are already an issue, even when all they can gain is some karma/page views, it would be crazy to raise the stakes with bitcoins.