16 sats \ 12 replies \ @DarthCoin 19 May 2023 \ parent \ on: How to earn in stacker news bitcoin
You should not post to get sats, you should post to learn/discuss or teach others (especially shitcoiners) how bitcoin works.
I think they will learn over time. They can post only thinking about "earning sats" but these posts will probably not earn them sats.
I see this like how most people get into bitcoin: first only thinking about the price to sell for more fiat. But then slowly getting it over time ...
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This. The incentive structure built into SN by and large deters shitposting and "sat farming". You very quickly learn that valuable content and contributions are what will stack sats. It's a win-win. Shit, just look at Darth's stack.
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Sorry man, but that is proof of work.
I didn't came on SN with the only purpose of "earning sats".
As you can see I also spend quite a lot. But not throwing with large amount of sats around. Hard work and NATURAL work (not shity bots) should be rewarded and promoted.
And mostly because I am one of the oldest SN user. Why? Because I (still) have faith in SN.
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That's what I'm saying, though. You come on here to create and share valuable content, and you're rightfully rewarded for that. Others may come here with the less altruistic intent to just stack sats, but they'll quickly realize that to do so they too will need to provide value.
It's like a lane closure on a two lane road. Here on SN, the lane for spamming, shitposting, and karma farming is closed so everyone is forced into the V4V lane.
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Yeah, this so much.
@DarthCoin, doesn't bitcoin mining work the same way? Miners don't care about providing value, they just want to "earn sats". But the incentives are such that they do indeed provide value (by enabling the bitcoin network). The game theory of bitcoin itself is built on human greed and turns that human greed into something that provides value.
I would say the same about SN.
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Greed will never create value. Will create only more greed and suffering.
Miners (or at least not all) are not mining for profit.
Most of them are mining to SECURE the network.
You create value with your knowledge, with your experience, with your expertise in a field you control it well, with you helping others.
Not with greed.
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Most of them are mining to SECURE the network.
No they are not. Or do you really think most of them would keep mining without the subsidy and transaction fees?
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I do. Stop me if you can.