reply on: SN release: drop territory costs, bug fixes \ stacker news ~meta

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50 sats \ 5 replies \ @grayruby 16h \ on: SN release: drop territory costs, bug fixes meta

Are you keeping the 30% sybil fee or do you plan to reduce that as well?

Afaik, @k00b mentioned it worked great against people zapping themselves. It also helps with network fees since we pay network fees out of that budget and it increased revenue for founders a lot. So I don't think we want to reduce it.

51 sats \ 3 replies \ @k00b OP 16h

That will remain. It's a pain to communicate (we get people who have been stackers forever thinking it's our "business model," and new stackers thinking it's a bug) but the higher it is the more honest zaps are, and if zaps are a big deal, honest zaps are a bigger one.

52 sats \ 2 replies \ @grayruby 16h

Agreed. I think most stackers have gotten used to it. I will admit I was concerned when you did it that it would reduce activity on the site but to me it seems about the same. I think people aren't zapping as heavily as before but that could also be due to the run up in bitcoin price. Fiat maxis!!!

It does take some time for folks to understand it and it being so high gives you some wiggle room to lower it a bit if you felt you had to without having to drop it back to 10.

51 sats \ 1 reply \ @k00b OP 14h

I think people aren't zapping as heavily as before but that could also be due to the run up in bitcoin price

It could also be that a lot of the zaps were self-zaps ... unless you're talking about the zaps you're receiving of course.

22 sats \ 0 replies \ @grayruby 14h

I think the amount of zaps is about the same but people are zapping fewer sats. Many posts used to get over a thousands sat but now usually only a handful a day.

I wonder if this is due to the fee increase or the bitcoin price increase or a bit of both. I have noticed this with my posts but other stackers as well.