Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

A Social Network That Costs 10¢ to Post

yours.org

Post reply on HN
Print view View original

51–60 of 157 posts

Re: A Social Network That Costs 10¢ to Post

#51

Post by alttab »

trott wrote: post #45

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 exace…

And the sock puppeting, fraud, money laundering, and plagerism? Oh geez. Where is their cut?

Re: A Social Network That Costs 10¢ to Post

#52

Post by castratikron »

People interested in this idea might also be interested in Hashcash. Someone who wants to send and email to someone else also has to provide a "proof of work" with their message, essentially the same thing as Bitcoin mining. The point of it is to reduce email spam by attaching a small cost to each email, since, today, there is no cost difference between sending 1 email and 1 million, which enables spammers to send out so many.

The main benefit is that no real currency is ever involved, which reduces a lot of administrative overhead.

https://en.wikipedia.org/wiki/Hashcash

Re: A Social Network That Costs 10¢ to Post

#53

Post by yafujifide »

trott wrote: post #45

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 exace…

This is our first voting model. We have other models planned for favorites, liking, etc. May the best model win. We are always focused on high quality content and will make sure that's the case :)

Re: A Social Network That Costs 10¢ to Post

#55

Post by njarboe »

yafujifide wrote: post #23

Hey everyone, Ryan X. Charles here, Cofounder & CEO of Yours. Happy to answer any questions.

I created a site with similar idea back in 2008 (even tried to get into y-combinator, but no luck). My big stumbling block (among many things) was that I couldn't let people cash out with out a lot of paperwork. Basically either be a bank or create 1099's for everyone. Don't you have "Know your customer" issues or does using cryptocurrency make that go away. I would not think so. May you will just worry about that later, when/if you get traction.

How about nested comments?

Looks great so far. Good luck.

Re: A Social Network That Costs 10¢ to Post

#56

Post by yafujifide »

aaron-lebo wrote: post #4

We started charging 10¢ to post content on our social network. Our users didn’t leave. In fact, they are posting more than ever, and the quality of content has improved. Our experiment seems to be working. People are willing to pay to post content. Neat concept (and good domain), but your top post has $2.28. The entire site has 20 new posts ($2?) over the last 24 hours. You don't gotta exaggerate to sell, it just mak…

Thanks for your great comments. We launched the beta only three weeks ago so it is definitely rough around the edges :) Fixing issues as fast as we can.

> 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 :)

Re: A Social Network That Costs 10¢ to Post

#57

Post by qbrass »

fish_fan wrote: post #8
crude_euler wrote: post #5

Earlier quoted context omitted.

Maybe for posting, but 10c to consume or upvote content might be too high. Think about how many pieces of content you consume on a Facebook feed or on your reddit homepage. And 1k upvotes would translate to $100...sounds rich to me. Wonder how they intend on preventing spamming posts / content farming / gaming the system in that kind of environment.

It might stop eg "share to pray" posts and viral fake news.

"Reply with your prayers to help little Billy afford chemo"

Re: A Social Network That Costs 10¢ to Post

#58

Post by yafujifide »

aaron-lebo wrote: post #22
microcolonel wrote: post #21

I encourage you all to check out Minds. In my opinion, Minds has a much more interesting compensation model: you can directly send money to creators (feature called Wire) either generally or on a specific post. There is also an internal points system where you are compensated by interactions with your content. If you have enough points, they have a real monetary value. Also, as an added bonus, the website and apps ar…

That homepage looks like someone made a wordpress site for a megachurch. Gaudy as fuck. When service doesn't get design this early and instead just crams everything they can into a page, it's good sign they're lacking taste, and that's something that can't really be overcome. It's like they're so unsure about their own service that they feel they need to overcompensate by talking about all the features it has instead…

We suspect that is not the real Stefan Molyneux. We will have flagging and moderation to deal with this soon. Also we will allow more auth options so people can prove who they are (twitter auth, e.g.)

Re: A Social Network That Costs 10¢ to Post

#60

Post by sl4i6j3o4i98g »

sayurichick wrote: post #33
shadowmore wrote: post #14

How 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.

legacy lol --

a malleable tx cryptocurrency that cannot support Hash Time Lock Contracts safely (thus LN and proper microtx's) is the legacy...

Post reply on HN