yafujifide
Joined 17 years ago
Joined 17 years ago
https://github.com/bitcoin/bitcoin/blob/11adab39e6019935aa3a...
Full nodes validate a lot of blocks at initial sync, but not all of them.
> Also, does anyone know what kind of regulatory upkeep a project like this requires? If a site like this operates with multiple currencies, it's essentially an exchange and probably has to register as such (they've outsourced this). However, if it just keeps user balances (not really a bank, but similar), does it have to register with any particular authorities?
We have discussed with lawyers and are sure to stay inside the law. Because all payments are p2p and we are not a custodian, the regulatory burden for us is a lot lower than many other similar projects.
> edit: your site allows a blank password, the title is "Yours | undefined" on profile pages and the menu controls to the left of the message input are very unintuitive. How do they work? Also, the profile ids are from hell:
Will fix soon. These things are already on our issues list :)
About 2800 total and 1000 daily sessions.
2) Where are they coming from?
Predominantly social media.
3) Why would they pay to participate in a new social network when there are so many available that are free?
Because we encourage high quality. They believe in our mission and our content quality is rapidly improving.
4) Why Bitcoin Cash?
Low fees. See this article: https://www.yours.org/content/a5c9a2549cfd9e48607e0aebe233d2...
The vote model encourages hotness. If you want to earn money, you are encouraged to vote quickly. We will have alternate models to encourage different things soon. The next step in rating content will be something we call reviews. After purchasing content, you will be asked: "was this content worth paying for? yes/no". We believe the information we get from that will be a very good measure of quality.
> 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.
Thank you very much!
> edit: Big question what's your vig or house cut on all the money changing hands?
Currently our revenue comes from two places: The 10¢ it costs to post content and getting the first vote on all pieces of content.
> 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?
Yes. This is something we will change soon, probably by either giving the creator the first vote and then charging 20% of all votes or by giving the creator the second vote. It's important that Yours Inc. gets some of the money to prevent infinite self-upvotes. We had that problem originally.
https://ryanxcharles.com