reply on: SN release: biggest boost wins, 70% of fees to territory founders, 30% sybil fee \ stacker news ~meta

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382 sats \ 28 replies \ @ek 19 Sep \ on: SN release: biggest boost wins, 70% of fees to territory founders, 30% sybil fee meta

Example Breakdown of Zaps

100 sat zaps before: 90 sats to receiver (10% sybil fee) + 5 sats (50% territory revenue) + 5 sats (50% rewards)

100 sat zaps now: 70 sats to receiver (30% sybil fee) + 21 sats (70% territory revenue) + 9 sats (30% rewards)

242 sats \ 19 replies \ @Undisciplined 19 Sep

Getting zapped is nerfed, while rewards are powered up.

I'm excited to see how it plays out. That 30% cut is probably going to make it so we stop using zaps for our various pools, which is a little disappointing.

150 sats \ 0 replies \ @Coinsreporter 19 Sep

Yes, that's a valid point. Maybe the president doesn't like pools.

53 sats \ 6 replies \ @Turdinthepunchbowl 19 Sep

Yeah, for the survivor pools and such that's gonna be interesting. I've added 2k to 5k sats to pools I don't even particularly take part of. What's a work around do you think for the pools and such, which I think are one of the aspects of the community I enjoy the most!

42 sats \ 5 replies \ @Undisciplined 19 Sep

We'll just have to do lightning invoices and then trust whoever's running the pool to do the accounting honestly.

61 sats \ 4 replies \ @Turdinthepunchbowl 19 Sep

I agree but also hate that "trust" haha. The NFL Survivor pool is like 350k sats.

59 sats \ 0 replies \ @ek 19 Sep

We can start using ecash for these pools, so at least the rug pull will be indiscriminate 👀

0 sats \ 2 replies \ @Undisciplined 19 Sep

Either way we're trusting the person to actually pay out. The only real difference would be a lack of transparency about how large the pool is.

27 sats \ 1 reply \ @Turdinthepunchbowl 20 Sep

True true. I suppose I had wishful thinking, but I also trust GrayRuby as he has incentives by owning the sports territory. Uneducated question, would DLCs or Cashu/Fedi mints be a solution in the future for something like a trust less pool? I'm not too familiar with either however.

0 sats \ 0 replies \ @Undisciplined 20 Sep

No idea. I think reputation can handle this for the foreseeable future.

34 sats \ 9 replies \ @ek 19 Sep

We'd need a zap that doesn't affect ranking so people can pay each other with zaps as if you would when using their lightning address.

1273 sats \ 7 replies \ @0xbitcoiner 19 Sep

A zap button on our profile solves that.

160 sats \ 6 replies \ @ek 19 Sep

👀

Maybe we need to overhaul the lightning address button in every profile. It currently only shows a QR code on press so you can pay using LNURL. It should give more options.

160 sats \ 5 replies \ @mo 20 Sep

Having more options in that button will be cool:

copy address
copy LNurl
zap ⚡️
QR code
what else?

35 sats \ 4 replies \ @ek 20 Sep

send a message using the lightning address

22 sats \ 3 replies \ @mo 20 Sep

Yessss… DM on SN need a pump up too! A way to make it easier and more intuitive to send messages over lightning

0 sats \ 2 replies \ @ek 20 Sep

we might have proper E2EE DMs this year

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48 sats \ 0 replies \ @siggy47 19 Sep

Yes. I think that's important.

46 sats \ 0 replies \ @grayruby 19 Sep

Yeah. 30% cut on 10k buy in is a bit too much. We will just find another way.

52 sats \ 0 replies \ @Carresan 19 Sep

Thanks for the explanation as this will affect how I arrange pool prizes.

21 sats \ 0 replies \ @WeAreAllSatoshi 19 Sep

Thank you for this, it’s very helpful

43 sats \ 4 replies \ @ek 19 Sep

Btw, just realized this is a 420% increase in revenue for founders, lol (21/5 = 4.2)

edit: damn math, 4.2 means it's an increase by 320%, not 420% (1.0 would mean no increase)

131 sats \ 3 replies \ @Undisciplined 19 Sep

It's 420% of the previous income share, though. English to the rescue, where math failed.