Let's talk bounties: what's an appropriate amount? \ stacker news ~meta

Let's talk bounties: what's an appropriate amount?

2363 sats \ 24 comments \ @Fabs 3 Mar meta

I'd like to include bounties more into my posts, and would therefore like to know what amount of sats would be "sufficiently enticing" to get people to work out specific prompts, much like the one I've posted in the ~history territory yesterday.

Of course, the respective bounty should somewhat reflect the amount of effort a given prompt asks for, and thus, I'd like to hear about a specific range, instead of a fixed amount: where do you set the minimum, what's a solid middle ground and where do you set the limit?

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51 sats \ 11 replies \ @Undisciplined 3 Mar

I thought you're 2500 bounty was about the right size for what you asked. If I had stronger opinions about that topic, I would have taken the time to write them out for you. Of course, I would also have done that without a bounty.

If anything, the bounty slightly discouraged me from responding, because I felt like I should take some time to think through my answer and ended up forgetting about it entirely.

30 sats \ 10 replies \ @Fabs OP 3 Mar

Hm... Okay.

Well, that's what the bounty's for: encouraging people to submit well thought-out and qualitative comments, no?

0 sats \ 9 replies \ @Undisciplined 3 Mar

I agree. You may not have wanted my half-baked off-the-cuff thoughts and the bounty protected you from them.

30 sats \ 8 replies \ @Fabs OP 3 Mar

It's not meant like that, anyone can join-in on the topic and is welcome to do so, but people who do put more effort towards their comments, could be rewarded extra for doing so.

0 sats \ 7 replies \ @Undisciplined 3 Mar

I'm not taking it personally. I meant that sincerely. I just thought it was interesting that the bounty made me more reluctant to comment.

By stating a price, you communicated something about the value of responses you were looking for and I decided not to waste your time with a low effort response. I also apparently decided the bounty wasn't worth crafting a more thoughtful response. If it had been 10k, I'm sure I would have.

Did you feel like you got valuable responses at 2500? If so, I'd say it was well-priced.

I'm curious how this goes for you. I haven't used bounties very often.

30 sats \ 6 replies \ @Fabs OP 3 Mar

There are some interesting comments, but nothing I'd recon to be worth 2500 sats, yet.

158 sats \ 5 replies \ @Undisciplined 3 Mar

Ok, well I certainly can't guarantee that I would have come up with a valuable response, but I would have put some thought into it for a larger bounty.

There's something called "moral crowding out" in economics. It's about how sometimes putting a price on things that are normally regulated by social norms can actually reduce the behavior you want to incentivize.

130 sats \ 1 reply \ @cryotosensei 3 Mar

Oh I can explain this.

I read this from a book. So a childcare centre faced the problem of parents arriving later than its closing time. Parents were suitably apologetic and said sorry profusely for keeping the staff waiting. Subsequently, the childcare centre decided to implement a policy in which parents who came late needed to pay a penalty. You would expect parents to shape up their behaviour, but ironically the problem grew worse. Parents felt justified in being late because now they were paying for the teachers’ time - regardless of whether the penalty did boost the staff’s salaries.

However, I got to say this penalty system works wonders in Singapore. Every evening, I rush to pick my children up before 7pm because I don’t want to pay the $5 penalty. I am typically the last one to pick up my children, so I’m sure my fellow parents also don’t want to pay unnecessarily haha. We Singaporeans very money/minded haha

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30 sats \ 2 replies \ @Fabs OP 3 Mar

Oh! Care to expand?

I certainly don't want to put a "price tag" on anything, I simply want to encourage more thought-out and qualitative input on posts.

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140 sats \ 0 replies \ @Entrep 4 Mar

10000 sats we get people working hard to get the reward

10 sats \ 1 reply \ @grayruby 3 Mar

I use 1000-10000 for my sports bounties. 1000 would be a weekly pick 'em for football where participants need to pick 4 winners on a Sunday for instance. Whereas longer drawn out contests, say the playoffs for baseball or football, where participants have to pick multiple round winners, I usually make 5 or 10k sats.

10 sats \ 0 replies \ @mx12art 3 Mar

I have listed one in the art section for 50,000 sats.

0 sats \ 1 reply \ @oliverweiss 4 Mar

Why isn’t this a bounty? Also, don’t hesitate to increase the bounty (10x would be fine) in the case I should be the “winner”.

0 sats \ 0 replies \ @Fabs OP 4 Mar

Read the post and you'll find the answer.

0 sats \ 1 reply \ @Atreus 3 Mar

Value is too personal for us to really "put a price on it." Like Mises says, people value based on their individual goals and motivations, which is the same way you value an appropriate bounty amount, as well as who deserves that bounty.

I suggest experimenting with the engagement you get, and raising or lowering the bounty next time until it's suitable for you. There's going to be diminishing returns at either end (too high or too low) until you find "the golden road."

0 sats \ 0 replies \ @Fabs OP 3 Mar

It's not that I wanna pay someone a second income, I simply wanna entice people to engage with the post in a different way.

0 sats \ 3 replies \ @OT 3 Mar

I had a failed bounty at 1k sats. Next time I'll try 2k or more.

I guess if its really important I'd pay up to 10k. Work related up to 1m.

0 sats \ 2 replies \ @Fabs OP 3 Mar

What the hell would you pay a Mil sats for?!

0 sats \ 1 reply \ @OT 3 Mar

Build me a wallet for when I spend a UTXO and the change is less than 50k sats, it swaps it for LN/L-BTC/ECASH

0 sats \ 0 replies \ @Fabs OP 3 Mar

...Owkay.

0 sats \ 0 replies \ @Cowboy 3 Mar

2500 is good