Streamers have reached their final form: cryptocurrency

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Blockchain protocols make it possible to prove ownership of digital stuff, which has some neat applications. Brian Fargo is using the tech to build a marketplace for pre-owned digital games, as an example. But it’s also the buzzword behind countless “revolutionary” platforms that haven’t revolutionized anything, off-shore investment schemes, Twitter scams, and far too many webinars. I’m automatically skeptical of any email that features “crypto” in the subject line, which definitely included the latest pitch: Give streamers and other creators their own cryptocurrencies. The natural question is: Why? The group behind the platform, Rally, gave me a few answers. The main reason, in their view, is the freedom to make money outside the rules and fees of platforms like Twitch.Creator Coins, and the point of them The currencies are called Creator Coins, and they solve a simple problem in a complicated way. The problem is that popular Twitch streamers and other creators want a way for fans to support them financially with as few fees and restrictions as possible. The complicated solution is to create a mini-economy for each creator, minting custom digital coins in their name which are actually “subtokens” of a cryptocurrency called Rally ($RLY) on the …

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