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RE: WritCoin - Creative Proof of Brain

in #utopian-io6 years ago

This is an interesting idea, but it seems to be limited to publishers that might want to publish anthologies. Multi-author anthologies don't do as well as single-author works, so I would not expect publishers to jump on this. However, if they can see the long-term value of nurturing writing talent, then they might.

One thing publishers are looking for is writers with a solid platform. That means they are interested in writers who can network and build an audience. It isn't just writing ability any more. In fact, some of the most popular works published today show little in the way of quality of writing standards (ever try reading "Fifty Shades of Grey?"). Publishers want sell-able manuscripts, and that really has little to do with quality.

Like banking, the publishing industry is slow to change. How long did it take them to get on board with the idea of e-books? Almost a decade. Then they priced them so high that readers were better off just buying a paperback. Many publishers still price their e-books near the price of their print books. That's because they don't really want to sell the e-book.

An SMT for writers might go over well with publishers if they can see a way to influence the path of the writing. They see themselves as the purveyors of talent. They see themselves as bringing talent and readers together, so an SMT that is geared toward facilitating that process would be much more valuable. Although, I do like the idea of using the SMT to wade out spammers, scammers, and plagiarists.

On a final note, I'd like to see something like this for indie publishers. This is the market I think is more likely to get on board with something like this, as opposed to traditional publishing houses. If you can get Hugh Howey and Joanna Penn on board, all the other self-published authors will jump in.

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This is an interesting idea, but it seems to be limited to publishers that might want to publish anthologies. Multi-author anthologies don't do as well as single-author works, so I would not expect publishers to jump on this. However, if they can see the long-term value of nurturing writing talent, then they might.

I completely understand what you're saying here but single-author works, i.e. collections of short stories or poems, don't have as stringent first publishing rights, as I understand it. If a publisher decides to print a collection, they are less concerned about if it has been previously published online, whereas every journal/anthology I've looked at recently specifies FPR. This idea is very much trying to bring publicity to steemit as well as bringing second-life to stories/poems people may have published here. Anthologies would promote the platform and also build a higher appreciation of creative writing among the higher-ups as the more cynical 'investment' minded people would see that these fields are bringing attention to steemit. In regards to the publishing houses, yes you raise a valid point some type of incentive for them needs to be part of it. I'm quite decent at drumming up PR storm when I get my head in the game 😉

Also, if this idea were to get developed, it is partly to make some type of mechanism whereby creative writing works can simply be rewarded proportionally higher than they seem to be now. Payout-wise, creative writing posts can be abysmal here on steemit and not proportional to the quality of the writing, as you point out happens in the wider world of writing also.

On a final note, I'd like to see something like this for indie publishers. This is the market I think is more likely to get on board with something like this, as opposed to traditional publishing houses. If you can get Hugh Howey and Joanna Penn on board, all the other self-published authors will jump in.

Interesting point, although it wouldn't bring as much mainstream attention. But there is no reason why loads of different paths shouldn't be explored equally, it's an idea well worth thinking about. Thanks for your insightful and valuable comment @blockurator :-)

I completely understand what you're saying here but single-author works, i.e. collections of short stories or poems, don't have as stringent first publishing rights, as I understand it. If a publisher decides to print a collection, they are less concerned about if it has been previously published online, whereas every journal/anthology I've looked at recently specifies FPR. This idea is very much trying to bring publicity to steemit as well as bringing second-life to stories/poems people may have published here.

I like the way you're thinking about this, actually. It's certainly a problem looking for a solution. I'd definitely agree with that. I'm wracking my brains trying to figure out what it would look like, practically.

I've thought about this a bit more and I could see how something like this could work. If the focus is on magazines, journals, and other publications that want first publishing rights, there could be a way to incentivize these publishers to give up this right in an exclusive, limited way using an SMT. I see it having some similar characteristics of resources already on the market, but not on a blockchain.

  • Duotrope is a directory where publications have a listing and writers can join to find markets to submit to and track their submissions. I've used it in the past and it's quite useful. It isn't free, but they have a free trial.
  • Submittable is another submission tracking service, but organizations pay for the privilege of being able to receive submissions on the platform and make approval/rejection decisions on the platform itself.

There are other submission tracking services out there, but to keep this simple, I'll use these two to illustrate how you can incentive the submission process as well as approvals and rejections and, to top it off, further incentivize publishers to allow a submission to be published on Steemit while it awaits publication in print.

Here's how it could work:

  • The publication gets a free listing (this could work for contests too). They sign up for the platform giving submission guidelines and contacts for editors who will review submissions, etc. This is a public-facing forum where anyone can see the markets, but they can't submit to them through the platform unless they join.
  • Writers can sign up for free and use the service to find markets, submit to markets, track their submissions, and rate markets, off of which, except sending submissions, can be done on Duotrope. If a writer finds a market they want to submit to, they can send their submission to the market and the publication will either approve or reject from inside of the platform, just like with Submittable. All of this will take place behind a secure wall. It isn't public.
  • You could even employ a content auction. A writer posts something they want published and paying markets can bid on it. The winning bidder pays for the work in tokens. As soon as the auction is won, the content and the tokens exchange hands by an executable smart contract.
  • For each of these tasks, writers and publications can be rewarded on the platform. Publications earn tokens for listing on the platform. They can also earn tokens when they review submissions and when they approve and reject submissions. Possibly, you could even allow them to rate writers on how easy they are to work with, their writing style and ability, etc. They'll earn tokens for those ratings. There could even be public comments on profiles, writer and publication, for which tokens are earned. Maybe the platform itself even has a forum where interaction is rewarded with tokens.
  • Here's the best part. When a writer submits something for publication and the editor approves it, the editor/publication is given an option to allow that content to be published on the writer's Steemit blog while awaiting publication in print. They can decline this and, if so, will only receive rewards earned for the submission process, but if they allow the content to be published, they can earn tokens for that allowance. The writer agrees not to take the piece anywhere else. It can only be published on their Steemit blog with a notice saying first rights were published by XXXXX Publication and a link to their website. This posting is automatic and irreversible as soon as the publisher agrees to allow the piece to be published.

The biggest drawback I see to this is, after posting to Steemit, you can't stop some other publisher from stealing the content and republishing it elsewhere. Otherwise, I see built-in incentives for publishers and writers with this kind of system.

What do you think?

Give me a few days to properly assess/digest all of the ideas you've put forth here blockurator. I'm away from home this weekend so I'm not gonna have much spare time for computer/internet :-)

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