reply on: No leaderboard, No daily rewards ! \ stacker news ~meta

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45 sats \ 7 replies \ @denlillaapan 5 Dec \ parent \ on: No leaderboard, No daily rewards ! meta

No Nostr would be equivalent to what DC is talking about: no rewards, no games, no leaderboards, just zaps.

The leaderboard and the extra rewards make you (I dunno, perhaps just me...?) read and comment on things you don't really care about, in order to move up and bag additional sats. I guess you could say that's the point, but it's still a little disingenuous -- engagement farming basically. (Wouldn't do that on Nostr, for instance.)

Also, that incentive works only because of the large daily donation pot -- not because SN itself is running a profitable advertising/pay-for-posting/territory rent platform. You gut the juicy sats, a lot of the point with SN goes away. So the platform (mostly) works for as long as it's being bankrolled and subsidised by someone.

But hey, I'm new here -- maybe I got all of this wrong?

0 sats \ 6 replies \ @Undisciplined 5 Dec

We have to parse the point about engagement farming, because there's a positive element to it as well. On nostr, or other similar platforms, I often scroll right past stuff without really looking at it. Getting people to stop and take a look at content is part of the point. On the other hand, if we're regularly stopping to read and zap content we don't actually value, that is a problem.

There wasn't always a large donation to the pot. That came sometime after territories were created and I think it's partially to offset how expensive territory rent is. k00b expects daily ad revenue to exceed 100k at some point in the near future and is preemptively creating that environment.

41 sats \ 1 reply \ @denlillaapan 5 Dec

True true, if the SN team manages to bootstrap the platform into a news platform with ads etc (basically a decentralized, unedited New York Times -- lol!) that'd be amazing and hats off to them.

I suppose that's the dream they're currently bankrolling with 100k donations a day. If they're right, awesome -- looking forward to that product. If they're wrong, awesome -- thanks for the free(-ish) sats along the way

10 sats \ 0 replies \ @Undisciplined 5 Dec

They do already hit that target occasionally. Since we're still so early, it's reasonable to expect them to start wildly exceeding it.

0 sats \ 3 replies \ @DarthCoin OP 5 Dec

Again, if you want something like that on SN, separate zaps/sats from upvotes/ranks. I see many stackers here looking at how much a post was zapped with a shit ton of sats... That's wrong and can mislead a lot and also can be gamed easily.