is crab day not a bad idea? i assumed it was just paying tumblr to do things we didn't want. i don't mean to be so negative but i genuinely don't understand S:
so part of the reason that tumblr is doing this is because they want to look good to advertisers and get money. tumblr is like 30 million in debt.
the idea is that if we can in fact demonstrate that they can get the money they need out of us by giving us things like crabs and check marks, they don’t need to do that other bullshit
is it a great idea? idk, but i already buy shit like that.
The short answer is yes. Every dollar that you are willing to spend on Tumblr brings us closer to the user-led monetization model that no other social networking company has managed to achieve so far.
The tragedy of commons, however, is the main challenge for the user-led monetization.
There is an expectation that other users will bear the financial burden of supporting the platform. But other users expect the same in return. In the end, only a small portion of users pay for the experience.
As a consequence, social networks can’t generate sufficient revenue directly from users, making advertising the primary viable option.