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195 sats \ 11 replies \ @kr 5 Mar freebie \ on: Do you prefer Daily Rewards or Million Sat Madness? meta
one thing i like about million sat madness is that it is a low time preference version of rewards.
it also requires proof of work as it’s a direct competition among free market participants (where success is not guaranteed).
feels much more in line with the Bitcoin ethos, and seems to be raising the average post quality so far.
How would you feel about layering these different timescales?
25% Daily Rewards
25% Weekly Rewards
25% Monthly Rewards
25% Yearly Rewards
I do think there's value in the longer time frame, but it is nice getting the daily reward notifications.
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Having several different time scales rewards different types of users and might cut down on spammy content.
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I agree that downzapping should be more rewarded. Punishment is a public good, after all.
The reason I think it might cut down on spam, and this could be completely wrong, is that the bots are harvesting daily rewards. Their content isn't good so on the longer scales it will be less rewarded and the daily rewards will be much smaller.