That price is too low.
We think that might be true. We're very market-minded and intend to give our users the power to set prices wherever possible. We'll let the natural price arise.
A Social Network That Costs 10¢ to Post
31–40 of 157 posts
Re: A Social Network That Costs 10¢ to Post
#32How does this compare to steemit.com?
Steemit had a big ICO sale. Yours has a more traditional funding model. I find Yours simple and easy to use apart from the friction of getting ahold of some Bitcoin Cash.
Yes! We have not done and ICO and don't intend to until we can do it the real way - by putting our company equity on the blockchain, allowing it to be traded globally p2p. That will require a lot of work legally for that to be possible. No rush - we'll do it when the time is right :)
Also, on the friction of Bitcoin Cash, note that we currently have a Shapeshift integration allowing you to cash in with any crypt, and will support credit card onboarding soon. We think most users won't even know they are using crypto :)
Re: A Social Network That Costs 10¢ to Post
#33How does this compare to steemit.com?
simple. I give a shit about yours.org BECAUSE they didn't create their own token to build a service.
Using bitcoin cash is another positive in my books, since it costs < $0.01 per transaction, versus $7~ per transaction on Bitcoin legacy.
Re: A Social Network That Costs 10¢ to Post
#34Earlier quoted context omitted.
Don't worry about it - you can already cash in with any cryptocurrency using our Shapeshift integration. And soon we will have credit card onboarding so you don't have to worry about acquiring crypto at all :) Note that our app has a built-in Bitcoin Cash wallet, but it works well enough that you don't necessarily realize you are using crypto :)
How does credit card onboarding work? If someone buys content (not sure how this works) and then cashes out in Bitcoin, are you not a bank? Do you mind saying what regulatory hoops you've had to go through for this?
Ideally we will partner with Coinbase. They already have a credit card widget for Bitcoin and Litecoin. Tell them they need to add support for Bitcoin Cash :)
If not Coinbase there are a number of other providers we can use. For global adoption, we will ultimately partner with many third parties simultaneously for this service.
Re: A Social Network That Costs 10¢ to Post
#35"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?"
Is the payout to early voters greater than 10 cents? And do voters know when they're an early voter? If so, maybe this is why it's such a popular activity!
Re: A Social Network That Costs 10¢ to Post
#36Hey everyone, Ryan X. Charles here, Cofounder & CEO of Yours. Happy to answer any questions.
> 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?
Re: A Social Network That Costs 10¢ to Post
#3710c is more expensive than local phone calls are in alot of countries. Not a bad idea though, could make alot of spamming unviable even with a small amount like 1c. What about if you "like" something, a portion of the fee goes to the original poster?
Spam is exactly why we turned on the 10¢ to post. Cleaned up the spam pretty well :)
We will allow subcommunities soon which will allow moderators to pick the cost to post. Low-income countries can use a very low value denominated in their local currency appropriate for those users.
Re: A Social Network That Costs 10¢ to Post
#38"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?" Is the payout to early voters greater than 10 cents? And do voters know when they're an early voter? If so, maybe this is why it's such a popular activity!
Every post is a miniature pyramid scheme. Like those chain letters that say 'send a dollar to everyone on this list, then add your name to the list and pass it along to everyone you know'.
Re: A Social Network That Costs 10¢ to Post
#39Having some limit to posts is an interesting idea. But I don't see much of a return on investment for the users in this approach. Why should I pay to have people see my post? Shouldn't I have to pay people to see their posts instead? Anyway, all of luck to them. I'd like to know what might develop from this. Though they really should have asked for two cents instead of ten. I mean, come on: how could you miss this?
Thanks very much for your input. We're very focused on creating money-earning opportunities for our users. Every time you pay you should either get some thing out of it or have an opportunity to earn money. For creators, if you write something worth paying, you can easily generate more than the 10¢ it costs to post. If you charge 10¢, you only need one payment to earn your money back :)
Oh, now I see. I think that I should thank you instead, for clearing that up.
Re: A Social Network That Costs 10¢ to Post
#40"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?" Is the payout to early voters greater than 10 cents? And do voters know when they're an early voter? If so, maybe this is why it's such a popular activity!
If there were 0 fees on Bitcoin Cash, the payout to earlier voters could be arbitrarily high. It's a divergent series. Because of tx fees, there are limits. BCC has low fees, but not zero.
You know you are an earlier voter by looking at the amount voted. That is the amount below the vote button.