1000 sats \ 1 reply \ @cryptocoin 2 Apr 2023 \ on: New way to earn Sats bitcoin
Where are the sats coming from?
So I submit a cat pic, and pay 4 sats. It shows up in an upcoming duo, and if mine gets upvoted, I get 2 sats back and make it to the next round. If mine loses it gets nothing.
And then never appears again?
If that is the case, you earn 1 sat per match (except for the very first match per category, in which you earn 5 sats).
Or does my entry continue to appear in subsequent matches without me paying each time to appear?
The economics of this don't make sense to me if my entry does re-appear.
So right now 2 posts are voted against each other. Each post cost 4sats to enter the round of voting. This gives us 8 sats in the pot. The user votes and receives 1 sat, leaving 7. The winner is auto entered into the next round of voting, which cost 4. There's now 3 sats left, the winner gets 2 and 1 is distributed to users of the site.
Each win nets you 2sats, if you win 100 times then your 4sats would return you 200sats.
I'm thinking of adding a sort of double up feature. As your post wins, it automatically reposts itself. Imagine posting something and it would keep doubling up, so after 20 "rounds" your 4sats has returned 100ksats! What do you think of this? I'm struggling with the messaging. I figure this would incentive users to post and make it fun
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