Alternative Zap Incentives
What is the incentive for zappers?SN rewards (and the leaderboard) look to me like an attempt to incentivize zapping.If SN removes rewards, the only reason to zap good content is "good will." It seems to me that the less we have to rely on people doing the "right" thing and the more we give them an incentive to do the "right" thing, the better everything works.(I would say this is one of the major flaws of most governments: we expect elected officials to do useful/good work without providing any sort of incentive to do so. People are self-intetested. We can rely on this.)Do you have thoughts on alternative ways to incentivize zapping?(I suppose an incentive for zappers might be to encourage more good content, do you think this is a good enough incentive?)
Unfortunately, this powerful question was ignored or nobody had answers.
However, I came up with an idea that might be able to unify what I call the "theory of v4v" and the "theory of incentives":
A Theory of Everything for Zaps?
What if zapping is incentivized not by rewards but by making SN more expensive to use if you don't zap?
In such a system, you essentially have the choice between paying more via posting fees or saving the costs by zapping stackers who produce the content you want to see.
Since you would pay the same in both cases—assuming you actually intend to post something—, "good will" is eliminated out of the v4v equation. It no longer matters since you're paying either way, it's just up to you who you're going to pay: Who provides you more value?
I think this system could make stackers happy that see the leaderboard and rewards as antithetical to v4v and I would agree with them. The problem (until now?) was just that we should not rely (exclusively) on good will for zaps.
Since zaps would still be used for ranking, the sybil fee would still exist in this system. So we would still have a pool of sats funded by fees that we could use for something. They could still be used to reward the top stackers (even more now). Zapping would also no longer be a Keynesian Beauty Contest since we no longer reward zapping so there are no opportunity costs to not zapping what you think others like. You can simply zap what you like.
Could therefore a system like this make everyone happy? Maybe, but there might be a few problems ...
Zap Budgets as Territory Settings
This system essentially creates a zap budget since posting fees can't go lower than the territory base fee. After that point, zapping is no longer incentivized and v4v boils down to good will only again.
But since these zap budgets exist per territory (it doesn't make sense to pay less in ~bitcoin because you zapped someone in ~nostr), if this becomes a real problem might simply depend on how high the initial zap budget per territory is and when they reset.
As an example for all of this, let's assume you're new on SN and you want to post something in ~bitcoin which costs 100 sats. However, since you're new, you haven't zapped anything today yet1 so maybe it's actually 1000 sats because the zap budget for ~bitcoin is 900 sats. You're now incentivized to zap content in ~bitcoin you like before you post something. Since zapping is no longer rewarded as a signal for the frontpage, you can also zap old content, you just need to zap something in ~meta. In theory this should be the content you like.23
This would also make territories feel more like territories since your participation in them via zaps directly contributes to you being incentivized to post there thanks to lowered fees.
But as mentioned above, this incentivze would only exist if you actually want to post something. If this also affects replies, it would be more effective but lurkers would still have no incentive unlike with rewards for zapping.
Anyway, let me know your thoughts, I am sure there is more fun to be had with this or completely different ideas for zap incentives since I literally came up with this what feels like a few minutes ago (according to my first message about this in our internal comms, I have been writing this post for 2.5 hours already).
Footnotes
-
Resetting them every 24 hours probably makes sense. ↩
-
this introduces a way for abuse again since zapping your self gives you the same lower fee as zapping someone else ↩
-
Another idea I had was to make this independent of order by reserving increased posting fees for zaps within the next 24 hours. ↩