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But they're not mutually exclusive, and here's why:
downzaps are 100% circular.
So the ultimate recipient of even more encouraging zaps for good content than was possible before can be had the next day, when the boosts have been redistributed through downzaps into rewards.
To that end, I have the perfect solution: pay rewards in CCs 🤣 (I'm actually only half joking, but still not recommending this, to be clear.)
I've also kicked around the CC rewards concept.
I think it's a bad thing from a custody pov. Just like removing boosts is bad from a sybil pov. And removing downzaps is great... from a shamelessly self promoting scammer pov.
There are multiple hooks into the system as a whole and if your discussions (and my endless venting so I can cope with things) are proving anything, it is that balance is really, really hard to find.
Since rewards are the mechanism for turning CCs into sats, we'd at least need to replace that with something.
Ultimately, I think it is better to make everything withdrawable sats that can be withdrawable sats and moving in the other direction is sort of scammy.
Maybe we're talking about different things. When I say downzapping may not be more capital efficient in the long-term, I mean that it doesn't not incentivize the creation of more quality posts in the same way an identical amount of upzaps would.
We likely differ on this, but I care more about people realizing that they will be rewarded for adding value here than I do about people realizing that they won't be rewarded for trying to extract value from here.