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393 sats \ 4 replies \ @freetx 4 Feb \ on: [meta] Renewing ~econ(?) econ
I think territories should be priced on a 2-3% diminishing monthly rate. So 100k first month, 97000 second, 94000 third, etc etc.
This solves several problems:
- sets an initial "high bar" to help SN make money and discourage flood of meaningless territories
- deflationary. keeps territory prices in line with btc growth (100K sats in future may be $10,000 USD!)
- keep territory owner incentivized to pay another month (hey its getting cheaper each month)
- what happens if I pay 3M to buy something like "photos"...run it for awhile and then get hit by a bus.....is that territory now just dead also? where does money go? who runs / owns it?....selling territories leads to all sorts of future problems for SN that hasn't been thought thru. Just rent them at a more reasonable rate.
Frankly I would do away with the 1M and 3M sat options and just move to this diminishing rate model since it would always provide some recurring revenue into SN...but by say year 4 or 5 the monthly fee would be only around 20k for renter....so this optimizes for long-term investment.
What if territories were free to create, and they just worked sort of like tags, or it costed like 100 sats for each tag you used.
The real issue is moderation imo. If there was a way for stackers to annoint people to mods and if the annointeds actions was transparent, you could have a succesful decentralized moderation force it seems
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As price of BTC rises, zapping is going to go down....So its certain SN will need to lower prices.
Suppose BTC hits 500K USD....do you think anyone is going to pay $500 USD per month for a territory? When gross zapping is even lower than it is now?
My point is there needs to a way to build in future deflation into the model. Otherwise its simply not going to work.