A Social Network That Costs 10¢ to Post

Looks like the tips are in Bitcoin cash? Of course people are happy to spend the 10c they got for free when it forked.

> 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?

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.

A problem with "social networks", and perhaps the Internet in general, in my opinion, is that they encourage groupthink.

> Each vote costs 10¢ and the payment is distributed amongst earlier voters.

This sort of pyramidal scheme actually gives people a monetary incentive to try to vote how others will vote, regardless of their actual opinion. Like other gambling, it may be a good business model, but it serves to exacerbate the groupthink problem.

10c is 10c. As much as I think using bitcoin cash was a big mistake, I wouldn't say that the activity doesn't resemble real activity.

We will have multiple mechanisms for votes, likes, favorites, etc. May the best mechanism win :)