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1948 sats \ 72 comments \ @k00b 18 Mar 2022 meta

Daily earning is live. 🎉 All trusted users should have by now also received backpay - that is, all the sats SN has earned to date was paid back to the best users, proportional to how well they're trusted.

From now on, at least for awhile, 100% of the sats SN earns from ~jobs, posting fees, and boost will be divvied up daily, and sent to SN's most trusted stackers. It might not be a whole lot at the moment, but as the site earns more, the people who make the site valuable will be proportionally paid.

How it worksHow it works

It's pretty simple. We sum up all the sats we earn each day, then multiply it by how well a user is trusted relative to other users. That is, <daily sats earned> * <a user's trust>/<total trust of all users>.

Right now, trust is kind of a blunt measure. Many users are maximally trusted, but over the next week we'll be adjusting the trust metric to take into account how recently users have been trusted. That way, users who were most recently providing value are trusted more and earn more.

WhyWhy

SN is valuable because of you so you should be paid. Unlike any technology before, Bitcoin allows us to do this for all contributions small and large. 100% is not forever sustainable, obviously, so it probably won't forever stay 100%, but it's 100% now because you're providing enormous value to SN as early users. You are SN.

It's also kind of cool. We'd fail as a company if we didn't try new things, using new technology available to us in new ways. I believe YouTube succeeded because it gave its creators back more than other platforms, albeit a small fraction of what it earns, so we want to do something similar. It aligns SN's incentives with yours and vice versa.

Let's gooooooo

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120 sats \ 3 replies \ @zuspotirko 18 Mar 2022

First of all: thank you. This is so cool.

I believe YouTube succeeded because it gave its creators back more than other platforms

Correct. All those TikTok kids moving to youtube after getting famous is proof enough.

Very looking forward to how this platform will develop. I already feel "at home" like in the early days of internet forums.

37 sats \ 1 reply \ @kilianbuhn 18 Mar 2022

If I compare the quality of TikTok with YouTube this seems like a desirable outcome. Although there is also lots of shit/quantitative content on YouTube too.

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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58 sats \ 3 replies \ @kr 18 Mar 2022

it’s live! ⚡️⚡️⚡️

83 sats \ 1 reply \ @earnbitcoin 18 Mar 2022

This was a great Tweet!

Total game changer.

@stacker_news now pays out 100% of their revenue daily to all users that create valuable content on the platform.

An incredible positive feedback loop is forming, one that uses a stream of sats to incentivize great content and accelerate SN adoption.

https://i.imgur.com/zPAZ8Mz.jpeg

view on twitter.com

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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64 sats \ 1 reply \ @jack 18 Mar 2022

Can't wait to still be posting here in 10 years. Keep it up!

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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44 sats \ 5 replies \ @jeff 18 Mar 2022

So cool. Now THIS is an experiment.

Question: <a user's trust> is this public? Can we see our own?

44 sats \ 3 replies \ @k00b OP 18 Mar 2022

No, it's not public yet. It's crude right now and doesn't mean a whole lot. As we refine it we'll probably make it public. The important bit is that the more you contribute value to the site via quality posts/comments the more trusted you become and the more you'll earn.

0 sats \ 1 reply \ @selfish_gene 5 Jul 2022

не все основывается на заработке бро. есть более важные события. например, что важнее? сохранить информацию или передать? биткоин и это решает. но через время.

0 sats \ 0 replies \ @k00b OP 5 Jul 2022

I know

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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52 sats \ 3 replies \ @dergigi 18 Mar 2022

Let's see how long this works! 😅

10 sats \ 1 reply \ @k00b OP 18 Mar 2022

lol asymmetric bets and all that

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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51 sats \ 1 reply \ @kc_hodl 18 Mar 2022

Fucking based

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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47 sats \ 1 reply \ @note_bene 18 Mar 2022

This is amazing. These are the first sats I've ever "earned" and man it feels good. So much better than my paycheck, albeit much smaller.

Also you cheapskates out there, set your default tip to 10 sats (in your settings).

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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38 sats \ 3 replies \ @pseudoramdom 19 Mar 2022 freebie

This is really cool!

100% is not forever sustainable, obviously, so it probably won't forever stay 100%

Agree with this. Not sure how long this will last :)

You are SN

Holy shit! Just realized SN is also Satoshi Nakamoto. I mean I didn't link the two in my head :D

31 sats \ 1 reply \ @k00b OP 20 Mar 2022

I didn't realize this either until @ThrillerX_ brought it to my attention. It was completely unintentional.

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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36 sats \ 1 reply \ @phaedrus 18 Mar 2022

I love it. Let’s go Keyan!

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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33 sats \ 1 reply \ @JustSomePleb 20 Mar 2022

Great idea, I've had many discussions with fellow plebs about how social sites could work better in an uncensored way. This sort of system really encourages good posts. Keep being amazing @k00b!!

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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32 sats \ 1 reply \ @ideasourcing 19 Mar 2022

very cool, and here's 100 sats back to ya!

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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32 sats \ 1 reply \ @Majjin 18 Mar 2022

Can confirm its working, got some extra sats this morning

We really appreciate the work you're doing. This is quickly becoming one of my favorite sites!

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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31 sats \ 1 reply \ @CypherPoet 19 Mar 2022

This is amazing, thank you.

It also taps into to what’s going to become one of the biggest challenges with decentralized platforms like this: trust and reputation.

Seeing how this kind of “value for value” UX can incentivize quality, trustworthy content even MORESO than the initial tipping and boosting process is quite fascinating.

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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23 sats \ 3 replies \ @cointastical 19 Mar 2022

Maybe I'm missing something ... I've looked throughout my Profile, my Settings, my Wallet, notifications ... everything. Including the FAQ, etc.

And I am at a complete loss as to where I am supposed to enter my SSN so that Stacker News can send me a 1099 for my yield earnings at the end of the year.

10 sats \ 1 reply \ @k00b OP 19 Mar 2022

Lol

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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20 sats \ 3 replies \ @avg 18 Mar 2022

Very cool, congrats on shipping this feature!

I just hope that bots won't take over SN soon.

5 sats \ 1 reply \ @k00b OP 18 Mar 2022

If it doesn't work, we can turn it off.

But if we can't find a way for it to work, our ranking algorithm won't work either and we'll need to start building out moderation tools.

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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20 sats \ 1 reply \ @Martin 18 Mar 2022

Well done thank you for such an amazing platform, I personally come on here multiple times a day I honestly just love it... Keep up the great work can’t wait to see what you have in store for us next...

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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20 sats \ 1 reply \ @gmd 18 Mar 2022

damn that was fast…

free sats! pretty darn cool..

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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20 sats \ 1 reply \ @why 18 Mar 2022

HCF 🔥

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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17 sats \ 1 reply \ @0xtr 18 Mar 2022

This is really cool, thanks for the sats!

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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15 sats \ 1 reply \ @ThrillerX_ 18 Mar 2022

I will reserve my opinion till SNL

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12 sats \ 1 reply \ @Gar 25 Mar 2022

Thank you @koob. Feels like the start of something big.

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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11 sats \ 1 reply \ @BlokchainB 19 Mar 2022

Amazing! Thanks!

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10 sats \ 1 reply \ @shaunpmartin 28 Mar 2022 freebie

Love to see the experimental mindset & approach, and the transparency on how the trust metric is imperfect but you’ll be working on improvements. Really cool stuff.

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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10 sats \ 1 reply \ @pseudozach 20 Mar 2022 freebie

this is indeed the type of simple-looking innovation that we need around here. I've shared with users of sats4likes - :clap:

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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10 sats \ 1 reply \ @FatBear 19 Mar 2022

This is awesome!! Keep up the good work!

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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1 sat \ 1 reply \ @holzapfelbaum 19 Mar 2022

The video here shows @k00b talking the talk:

https://www.linkedin.com/feed/update/urn:li:activity:6909032427751440384

Not even two weeks later and he's walking the walk even more!

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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0 sats \ 0 replies \ @selfish_gene 5 Jul 2022

тут приятно находится. потому что боты не пишут по 1000 000 000 сообщений как спам. и поэтому видно только слова людей. мысли чистые. это паразительно бро! тебя сам сатоши наградил этим даром. благадарю.

0 sats \ 1 reply \ @puhbuhruh_old 22 Mar 2022 freebie

Very cool Keyan!!

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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