cross-posted from: https://lemmy.world/post/41384718

Previously, I made a post about Crowdbucks, but I just had a random (most likely stupid) follow-up thought.

What if the issue isn’t which currency to use — but the assumption that it needs to be “real” currency at all?

What if, instead of money, there was something like FediCoin / FediBucks / credits / points (name doesn’t matter), NOT crypto, and NOT blockchain — more like how platforms such as Wattpad operate?

Or like how carnivals and fairs work: You exchange real money at a booth, and in return you get tokens or fake currency that are only usable inside that ecosystem.

Some comparisons:

Wattpad coins

App “credits” or points

Forum reputation systems with unlocks

Arcade tokens

Fair/carnival tickets

In a Fediverse context, this could hypothetically be used for things like:

Supporting instance costs

Boosting posts or creators (opt-in), which could then potentially be exchanged for real currency (maybe, idk)

Unlocking cosmetic or convenience features

Community rewards instead of ads

Again, not crypto, not speculation, not “number go up.” More like an internal exchange or contribution system that stays inside the Fediverse.

So my questions are:

Is this fundamentally incompatible with Fediverse values, or just unexplored?

Would this be more acceptable than direct monetization or ads?

Could something like this remain optional and non-extractive?

Has anyone already experimented with something similar?

I don’t have the time, energy, or technical knowledge to build something like this — just curious whether this idea is interesting, terrible, or already solved.

Would love to hear thoughts from people more familiar with Fediverse economics and culture.

EDIT:

It gives off Japanese Pachinko vibes.

https://immigrationnewscanada.ca/the-bizarre-world-of-japanese-pachinko-gambling-without-technically-gambling/

https://www.chenlawjournal.org/pachinko/

  • Steve@communick.newsEnglish
    11·
    2 days ago

    Then you have a central org you need to trust with the money. It’s not really distributed or federated system anymore.

    • poVoq@slrpnk.netEnglish
      3·
      2 days ago

      There is no need for a central org. It could be many different ones all using the same Taler software. In fact given the legal limitations that’s probably the only way to do it.

      • Steve@communick.newsEnglish
        2·
        2 days ago

        Couldn’t each one decide how much to charge and pay for their tokens? Like a swarm of countless centralized currencies, rather than a single decentralized one?

        • poVoq@slrpnk.netEnglish
          3·
          2 days ago

          Taler isn’s a currency but a payment system. So yes, each token generating entity (exchange) would have their own token. There could be some sort of backend settling mechanism between exchanges (I think Taler is working on that), but basically the person receiving the token would have to redeem it with the same exchange that issued it. Legally it can’t be directly exchanged back to fiat money, but the exchange could issue a service contract with the person and pay them according to the tokens they hold.