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What other monetization ideas did you consider and why did you rule them out?
I also considered doing a bounty. The person who asks the question will pay the bounty as a deposit when they post the question.
Then they have 24 hours or 1 week to choose one of the answers to receive the bounty. If they don't choose any answer, the app will keep the bounty.
I am probably going to add this to the existing app, but I wanted to make the pay-for-answers the central feature.
Question asker posts a bounty. Some algorithm decides which answer(s) receives the bounty. But that seems really hard, which is why I'm moving on to a different idea.
My new idea revolves around making it so only a targeted influencer (e.g. twitter handle) can answer and claim the bounty. The bounty can be increased by the question asker or other people.
When I say custodial yes I mean deposit ahead of time, like what stacker or vida.page has.
I consider the app to be custodial as it is, because all of the user earnings are stored in the app wallet, and have to be withdrawn by the user.
But I decided to not use deposit-ahead-of-time, because that seems like an extra step for the user, and I want to make it easy for people to get started with low barrier to entry.
Interesting. I wonder how did you plan to involve lightning payments? I experimented with a few different monetization ideas before settling on the current idea.
What do you mean by "custodial service"? Does that mean the user deposits funds ahead of time?