A Social Network That Costs 10¢ to Post
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Re: A Social Network That Costs 10¢ to Post
#2That price is too low.
Re: A Social Network That Costs 10¢ to Post
#3>People love to pay money to vote on things. Who would have thought?
Anyone who's active in virtual worlds knows people love to buy content and tip creators and performers.
>Why didn’t micropayments ever take off? No one ever tried.
Except virtual worlds, which have whole economies based on micropayments.
Re: A Social Network That Costs 10¢ to Post
#4We 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 makes me less inclined to trust you and your service.
Seems to be competing roughly with Steem. These services have a problem where the initial adopters are Bitcoin users or fanatical unpopular views (voat), which biases and ruins the community early. Interested to see if this avoids it.
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?
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:
/90b5a6c4bfb6530398c8c5aa27e2b60e3a4611ddb2184c366b7d3ad41f0e9f16/
Don't men to be too picky, it's just very rough around the edges.
Re: A Social Network That Costs 10¢ to Post
#5That price is too low.
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.
Re: A Social Network That Costs 10¢ to Post
#6That price is too low.
Or it's too high because why should anyone pay $0.10 to post on a nerdy and tiny social network when Twitter is free and you can reach hundreds of millions?
Difficult balancing act.
Re: A Social Network That Costs 10¢ to Post
#7>Micropayments have been talked about since the 1990s.
A little longer than that, perhaps. http://transcopyright.org/hcoinRemarks-D28.html
Re: A Social Network That Costs 10¢ to Post
#8That price is too low.
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.
Re: A Social Network That Costs 10¢ to Post
#9Might be interesting if 9 of the cents go to charity, otherwise no thanks.
Re: A Social Network That Costs 10¢ to Post
#10Having 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?