I was tickled last year by ’s “Patronage as an asset class,” which proposes a market-priced patronage “asset” by layering Harberger taxes (e.g. pay 5%/yr of last sale value) on top of NFTs. blog.simondlr.com/posts/patronag
Has this been tried (outside Simon’s demo) yet?
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Longing for a Twitter edit button: the Harberger tax basis is on the *current* for-sale price, not the last sale value, and that difference is the critical key pricing efficiency mechanism.
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Interesting to contrast the vibe of this kind of patronage with something like Patreon. The mechanism *requires* that patrons effectively publish their pledge price; the always-for-sale element discourages long-term community-building; highly legible profit motive is hmm…
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I read the article, and I wonder what motivates new buyers to participate outside of perhaps speculating on the volatility of ETH? They are, after all, anonymous so it's quite different than being a top tier patron of say, the Met.
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Two slants on this come to mind:
1. It can be arranged so that you’re *not* anonymous, and e.g. the current owner’s name is displayed in some well-known location.
2. (less persuasive to me, but…) People bid up rare baseball cards despite owning them anonymously.
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Yes—in fact we were just chatting last night. :)
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