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.

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.

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