reply on: Stacker News Zen Mode? \ stacker news ~meta

33 sats \ 4 replies \ @Garth 12 Oct \ on: Stacker News Zen Mode? meta

I am not here for rewards but was wondering how they worked

Does a percentage go to the site for maintenance? I’d be more interested in that

When you zap someone, only 70% go to the recipient. From this 30%, 70% go to the territory founder and 30% to rewards.

See example breakdown in #692153.

So this means none of these fees go to SN. We make money on territories so we have to balance the interests of founders who pay us for territories but receive whatever revenue they generate and interests of stackers who only get rewards.

20 sats \ 2 replies \ @flat24 12 Oct

I thought SN takes its share of that 30%. I personally am comfortable with the 30% fee. And of course with the rewards, although my initial focus here is not to earn SATS but to learn more about Bitcoin. You can't deny that the reward system is an added value, it's nice to receive a reward after a hard day of work on SN. I also have my days where I haven't received any of the rewards, and that makes me understand that it's because I didn't work hard enough on the platform and it drives me to work harder on SN to be able to aspire to some reward.

0 sats \ 1 reply \ @ek OP 12 Oct

I thought SN takes its share of that 30%.

That's a common but understandable misconception because many services use tx fees as revenue but we're different.

11 sats \ 0 replies \ @flat24 12 Oct

Ok I understand, that's why you are destined to be the greatest. keep working. to reaffirm -so... of the 70% that goes to the owners of territories. is where SN then takes its share when that owner makes his payment each month to keep his territory running-

thanks for clarifying my doubt