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- 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.
Yeah I liked your post. Everything that is algorithmic will be gamed and the more complex you make it, the less people will benefit from it. If you want rewards to be so random that it is unpredictable, the function to do that is random() - a lottery. But why would you have a lottery on the "Frontpage of Bitcoin"? Can do that elsewhere.
I realize that I'm pretty grumpy about this, but that's also because I see a lot of advocacy to centrally keep tuning the dials, which to me, is rather antithetical to bitcoin.
I’ve proposed using randomization of the rewards parameters to make it less predictable: basically, rewards will still be based on making and zapping good content, but in an unpredictable way.
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.
No. Again you want sats that are not destined to you exactly.
It’s public knowledge that I’m one of the top spenders. Don’t zap stuff if you don’t want me getting a small share of it.
The rules are known, so everyone can infer where their sats are going.
You spend more because you are trying to take advantage of a flawed system (like the gov).
No different than a gov employee that take endless holidays meanwhile the slaves still pay taxes.
I repeat: if I zap X user, is because I want those sats to go to him not to you.
If I make a post and I pay the fee, I do not have that option to say "I do not want these sats to go to Undisciplined". That means I am somehow robbed by you, exactly like I am robbed by the gov employees.
And the most astonishing thing is that you, calling yourself libertarian, you still support this kind of bad statist behavior. You are a disgrace calling yourself libertarian.
It’s a voluntary system that you choose to participate in, so you are actually choosing those things.
SN isn’t a state. These aren’t taxes.
LOL how is voluntary system, if the fees I paid are distributed to few others that I do not want to zap them in the first place.
Are you so blind not to see the similarity with gov subsidies? Or you do not want to see it because you are just another scumbag trying to take advantage from others, for no merit.
You make fool of yourself with insisting in this stupid thing.
If you buy a product that states 10% of the proceeds go to a particular charity, you weren’t forced to donate to that charity.
Don’t buy the product if you don’t want to fund it.