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37 sats \ 2 replies \ @NovaRift 30 Apr \ on: ~Econ Monthly Check-in: April econ
How about you keep the territory fee to a maximum of 99 Sats or maybe lower it to 69? But also increase the comment fee to 5 to 7 Sats? You're doing a great job, and since you're an economist, I guess whatever you do will have some reason behind it. Thanks for doing so much!
Since you're curious, I have been running a crude binary search process to find the optimal post fee.
The fee was 215 (I think), when I took over and I cut it in half. Since revenue went up, I cut it in half again, but revenue went down, so I brought it halfway back, and so on. Technically, I could have let the process play out for a couple of more months, but I knew what the next two moves would be and by then the changes would be trivially small.
I'll do something similar for comments. So, the first will be to keep doubling comment fees until revenue goes down and then start zeroing in on the optimum.
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Whoa! As I thought, you're an economist and would be doing something about it. Since I'm a user, there would be some psychology involved; like the number 99 makes me pay more comfortably, and 69 as well, that's a good one. I would have absolutely no problem paying whatever comment fee you set. Revenue might be slightly low compared to before, maybe because activity has slowed down a bit after the introduction of CCs and the price increase of Bitcoin. I think every territory would be seeing slightly lower revenue. But soon, I think it will be back on track. The ~econ territory is like an immortal hen that will definitely lay eggs daily, but sometimes it might be short of one or two it will lay for sure! Let's see, and I'm excited to find out what the pay to post fee of your territory will be when you figure it out! Good luck!
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