0 sats \ 3 replies \ @DiracDelta OP 22 Jun 2023 \ parent \ on: Is Swan Bitcoin about to go bankrupt bitcoin
@k00b this is a pretty easy thing to fix. Just charge a 5% rake on zaps and it basically eliminates all possible manipulation, plus gives you a real revenue model so you are not running a charity project.
- We take 10% exactly for this reason
- Even if you're willing to lose an infinity of money, the effect of zapping is weighted by your trust ... and gaining trust requires hard and consistent work that's difficult even if you're earnest.
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Oh, I didn't know you take 10%, haha. Nice!
Can you explain the 2nd point more? You're saying there is a more complex algorithm that will weight more heavily zaps by certain accounts deemed as high status? Does that increase the Sybil resistance?
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Yes the effect of (2) is to increase sybil resistance by adding another "resistor."
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