pull down to refresh
31 sats \ 2 replies \ @siggy47 11 May \ on: Idea for the territory: Bitcoin-centered writing competitions bitcoin_beginners
This is a very good idea. I think maybe one winner to start, then get a handle on how popular the idea is. As far as award amount, right now I give 2500 for top post of the week. I can cut that down so that the contest has more popularity. Example- I cut my total award from 5k to 2.5k among the five winners. Then, if it's popular, we can phase mine out and you can increase the number of winners. I can chip in for awards. Let me know your thoughts.
Hm, the case with only one winner is, that people who think that they'll have a less-than-perfect chance of winning the reward, might choose to chime out, instead of in.
A 2nd and 3rd place + reward might have a positive effect in regards to participation, as people might take a chance and enter in the pursuit for the 2nd- or 3rd place + reward.
On the other hand: one big, fat 🏆 can be enticing in- and of itself... 🌝
I'll gladly accept your offer on chiming-in on the (fixed) amount, we're off for a solid start in that regard!