Before you worry; it's not in competition with stacker.news. What it is is simply (following the Austrian mindset) the most unregulated market possible, where the commodities being traded are posts and comments. Very similar to stacker news, huh? I agree. I've been wanting to make a new reddit for a while, and was lucky to find SN. My site will be FOSS and I will provide APIs so that any content made on my side may be automatically synced to SN, meaning it can only help grow SN, (if SN staff so wishes, I'd be up for any collaboration obviously).
With that said, I'd like some help picking a domain name, if anyone wants to help! And maybe some criticism of the idea if you have it in you. Test early, test often, that's my mantra.
So. This app can be thought of as stacker.news, but with a few more features. My motivation for the app is this:
- The true price of a commodity is extremely valuable information. It is the difference between 50 million people dying of starvation and the invention of the digital computer. Price is everything. In our context, the commodities are posts, tweets, comments, youtube clips, etc. The price is the "karma", or "likes", or "views", or "zaps".
- Since you can't make bets with no money, "likes", "upvotes", these free "price signals", they carry no inherent weight. These platforms must therefore resort to top-down-manipulation to make their recommendation systems work. Ineffective. Manipulative.
Solution:
- Posting a post on my platform, though similar in user experience to SN / reddit / HN, can be seen as creating a publicly traded nano-business. It will cost the user 100 sats. Posts each have 1000 (tbd) shares, and the creator owns 51% of these, while the remaining 49% are for public sale. (sidenote: Owning majority of shares means you can admin the post)
- Upvoting / downvoting is similar in UX, but upvoting means you upzap, and will buy as many shares as a Sat can currently buy that post for. Continuing the case above, the posts shares cost 100/1000 = 0.1 Sats. Since you upzapped once, spent 1 sat, you now own 10 shares, or 0.01% of the post. Downvoting is the same as "shorting" the stock, so you can make money if you think the post is not that good.
- If the post is very funny or you think others are going to like it a lot, you might buy more. If it does happen that the post is totally bought (no public shares remain) then auctioning begins for those who opt in. So you can sell your shares here to highest bidders.
- The highest current buy/sell order filled is the post/comments actual value, like karma or likes.
I'm considering simplifying it so that zaps just give money to the shareholders of the post (just like they do on SN if you've forwarded sats from your post), and making "bids/shorts" for actual shares a separate part of UI.
Anyway!
That's the basics of it, using a free market to gain true knowledge about the prices of our modern age commodities. Looking for name suggestions, but any suggestions or criticisms —at all— are very welcome.
hex.gy0.0%
penny.vote87.5%
pos.tf12.5%
underpri.se0.0%
8 votes \ poll ended