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Just pass it to SN? I'd be fine with that.
From 2024: #796213
Yes - with current rewards ignoring content creators, it's simply cashback for zappers, and that's a silly use-case.
The purpose of rewards has always been to incentivize zapping good content.
Those zaps are the incentive to make good content.
People barely zap anything on nostr because there’s no incentive to do so.
If you're making back more from zapping than you zap, while only 9% of the total zap value goes to rewards, then the zaps can only come from:
- subsidy / donations
- downzaps
- other zappers zapping too late and learning that there is no point to zap unless you're the first in
new.
- other zappers zapping too late and learning that there is no point to zap unless you're the first in new.
what else am I supposed to do with CCs though?
I don't comment [let alone post] quickly enough to spend the amount I do get.
I guess I could coalesce my zapping into fewer, larger, zaps, and bias towards only zapping sufficiently new items; however that'd mean I'd forego zapping most of the items that I liked.
what else am I supposed to do with CCs though?
Ideally? Just zap content that is valuable to you. Same with your sats. Someone writes something nice, be decent and zap them. No gamifications required for showing appreciation for content.
The problem is that for the zaps to carry signal and be a meaningful indicator of quality content during discovery, all these additional subsystems like sybil fees have been introduced. And rewards because no one likes 9% tax, and then boosts, and then downzapping, and so on and so on.
All I'm saying is that if the purpose of rewards are a discount to zappers, then every zapper should be rewarded equally. But that's not the case, as zaps are rewarded through artificial inequality. It's a discount to some zappers, which I believe is where Darth is coming from in the comparison to state subsidy.
In the end, those ignorant to the gaming of the system are paying a 9% tax to the benefit of a few that could be.
(edit: changed to 9% because that's the effective rate on zaps, the other 21% is actual tax)
In the end, those ignorant to the gaming of the system are paying a 30% tax to the benefit of a few that could be.
I currently think of it as the cost of having the comments that have already been sorted by the zapping efforts of those who do chase rewards.
Perhaps the onboarding or even the frontpage could make it more obvious how to participate in the race.
Do you mainly sort by Lit or New?
You can boost your posts with CCs
I usually leave it on LIT because I'm a little loathe to bet on rewards; I do realise it is part of the SN incentive model and should probably try to do it more methodically. I have sometimes gone to NEW for the frontpage, after clicking MORE once or twice.
You can boost your posts with CCs
I honestly feel like I'd be wiser to let community zaps reflect community opinion; if something I post isn't well-received by the community, why should I spend the CCs I've accumulated to force it down their throats?
- It doesn’t have to be from zapping too late. Zapping “bad” content is also a cause.
- You’re ignoring the portion of fees and boosts that go to rewards.
- It’s not necessary to get back more than is zapped. The rewards make zapping cheaper, which means we get more of it.
- "bad" content = content that is impopular. So you get rich when instead of zapping the content that you like when you see it, monitoring
newand predicting what the most popular posts will be. Even easier, just subscribe to popular stackers and race to zap them first. This works because I have tested it. It means y'all don't need predyx, because you have SN for all your "financial gain for getting it right". Is that "the frontpage of bitcoin"? Or degen paradise? - boosts are self-subsidy.
- That's purely psychological. If everyone optimizes for this system, then you get exactly the discount you paid for yourself, thus rewards are greater fool gainz. predatory?
I hear you on that first point. I wrote the post about it being a Keynesian Beauty Contest. If it’s always going to be predictable then that’s a serious problem that will need to be addressed.
On the third point, people are not going to optimize for this system because it’s too complicated for the potential payoff. Assuming point 1 is addressed, curating content is useful to SN so it makes sense that someone could benefit from doing it well.
By taking sats from a pool you are literally taking sats that WEREN'T destined to your content.
They were destined for the rewards pool which is known to go to top zappers, so I’m receiving sats that were destined for me.
Exactly like I said: gov subsidies.
You are promoting a bad behavior.
If something is really good it will be zapped. With the sats that deserve it. From users that like to see that content.
Rewards pool is exactly like gov taxes / subsidies.
In a true V4V market, only the good survive, not the gov employees and those subsidized.
By supporting the SN rewards you just show how statist you are and not as libertarian as you want to pose for. You just want to take from others what is not YOURS.
I respectfully disagree. Zaps and rewards are one of the things that makes SN great. The ability to send sats and receive them and use LN... Is what makes SN unique.
I would 'make more' at MacDonald's that is not why most are here imo
Remove the rewards at all.
Right now most of SN users are zapping because they know will receive rewards every day.
SN rewards are exactly the same as gov subsidies. Is a vicious circle.