> Our users also spend money to upvote content. Each vote costs 10¢ and the payment is distributed amongst earlier voters. This is our most popular activity. People love to pay money to vote on things. Who would have thought?
That quote caught my attention. Is this kind of gambling or being a day trader? I like the mechanic that unearthing good content gets rewarded -- was that the goal? Have you found this system subject to gaming or collusion (a few people posting and upvoting content to increase the odds of getting a payout)? Do you see less clickbait getting upvoted than, say, on fb? What's the incentive for later readers to upvote an already popular title?
Pretty cool that you taken such a different approach. Wish you the best! I'm pretty much burned out on all social media, but will check it out regardless.
edit: Big question what's your vig or house cut on all the money changing hands?
2nd edit: I see the answer to my last question: you keep $0.10 from from each post and credit yourself as the "first voter on every post". So you get the largest cut of the cost of the upvotes on each post?
That quote caught my attention. Is this kind of gambling or being a day trader? I like the mechanic that unearthing good content gets rewarded -- was that the goal? Have you found this system subject to gaming or collusion (a few people posting and upvoting content to increase the odds of getting a payout)? Do you see less clickbait getting upvoted than, say, on fb? What's the incentive for later readers to upvote an already popular title?
Pretty cool that you taken such a different approach. Wish you the best! I'm pretty much burned out on all social media, but will check it out regardless.
edit: Big question what's your vig or house cut on all the money changing hands?
2nd edit: I see the answer to my last question: you keep $0.10 from from each post and credit yourself as the "first voter on every post". So you get the largest cut of the cost of the upvotes on each post?