Zapping as a proportion of your stack? \ stacker news ~bitcoin

1186 sats \ 30 comments \ @td 4 Nov 2023 bitcoin

What are peoples’ zap ethos?

I’m stuck on multiples of 21.

1048 sats \ 9 replies \ @elvismercury 4 Nov 2023

Here's what I do:

Principle 1: zap the things you want to see in the world -- people who are helpful, nice, funny, cool, and who have interesting perspectives. People who respond thoughtfully when you ask something. Pretend that you'll get more of whatever behavior you zap. Pretend you're voting for the culture that will emerge here.

Principle 2: Get a feel for what the norms of the place are, and combine that with absolute value. I want people to feel it when I think they're great; but I also don't want to blow out the speakers. The amounts to accomplish this have been creeping upward, though.

Principle 3: Stay in the black. This is kind of dumb, but I wanted to see if I could do stuff that people would value after my initial buy-in. Now that I've got a large-ish stack, by the current zapping standards, I have done stuff like donate 100k sats, and give 10k when someone worth encouraging needs it. I'm pretty far in the black at this point, but I'm adjusting slowly bc I don't want to get rekt, either. Aside from book club posts, I'm generally in the red, and who knows how long the generous stackers will keep liking the book discussions.

It's a fun topic to think about. @Undisciplined did some informal calculations on zapping, maybe he'll share.

335 sats \ 5 replies \ @Undisciplined 4 Nov 2023

I probably would have missed this post if I hadn't been summoned.

I've been encouraging Stacker News regulars to increase those default zaps pretty substantially, because the rewards algorithm pays them back at better than 1:1.

The way I've approached finding the right amount is to set my default at a fraction of what's in my wallet. That way I can stay in the black and have my zaps keep growing until they aren't paying for themselves anymore.

My default zaps were still paying for themselves at 175. I've generally been getting about 5k in rewards for zapping.

182 sats \ 4 replies \ @shyfire 4 Nov 2023

Still going strong with a 210 default

0 sats \ 3 replies \ @Undisciplined 4 Nov 2023

Was it paying for itself when they were rewarding zaps?

182 sats \ 2 replies \ @shyfire 4 Nov 2023

More or less. I'm a bit reckless on sn, not following the numbers too closely (I come here for fun), but I haven't funded my sn wallet in ages, so so far so good I think.

230 sats \ 1 reply \ @Undisciplined 4 Nov 2023

I established my algorithmic approach because I also like being a bit reckless on SN. This way there's an automatic mechanism that will keep me out of trouble without needing to think about what I'm doing.

0 sats \ 0 replies \ @nemo 4 Nov 2023

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152 sats \ 2 replies \ @nemo 4 Nov 2023

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0 sats \ 1 reply \ @elvismercury 4 Nov 2023

At a modest interest rate, of course.

0 sats \ 0 replies \ @nemo 4 Nov 2023

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2562 sats \ 2 replies \ @cryotosensei 4 Nov 2023

I’m afraid I still suffer from a scarcity mentality and keep to my zaps to 10 sats. Though on some days I feel richer, so I zap the post/comment twice. Maybe it’s time to change my default to 21 haha

217 sats \ 1 reply \ @evanbaer 4 Nov 2023

It’s time! Have some sats.

41 sats \ 0 replies \ @Undisciplined 4 Nov 2023

Seconded! Sats for both of you

207 sats \ 2 replies \ @2bithits 4 Nov 2023

I was on 21, now I've increased to 50.

21 sats \ 1 reply \ @Undisciplined 4 Nov 2023

Keep going

186 sats \ 0 replies \ @2bithits 4 Nov 2023

Working on it sir!

510 sats \ 1 reply \ @GlobalThreat 4 Nov 2023

i have only 17 sats. :(

10 sats \ 0 replies \ @WeAreAllSatoshi 4 Nov 2023

Not any more!

207 sats \ 1 reply \ @tnuts420 4 Nov 2023

i still use 21 as my default, but i have definitely noticed that the more i zap the bigger the rewards. i also don't post or comment a ton, so the vast majority of what i've stacked here is just from rewards.

that being said, i think they're still playing with how rewards work, so we'll see if that holds true down the road.

21 sats \ 0 replies \ @Undisciplined 4 Nov 2023

Zapping still pays for itself well above 21. The formula is non-linear and there are big benefits of being a high ranking zapper.

I'm sure they'll play around with the rewards structure again, but for now I think they're happy with this randomly alternating schedule between rewarding zaps and posts.