Hey everyone, Ryan X. Charles here, Cofounder & CEO of Yours. Happy to answer any questions.
That quote caught my attention. Is this kind of gambling or being a day trader? I like the mechanic that unearthing good content gets rewarded -- was that the goal? Have you found this system subject to gaming or collusion (a few people posting and upvoting content to increase the odds of getting a payout)? Do you see less clickbait getting upvoted than, say, on fb? What's the incentive for later readers to upvote an already popular title?
Pretty cool that you taken such a different approach. Wish you the best! I'm pretty much burned out on all social media, but will check it out regardless.
edit: Big question what's your vig or house cut on all the money changing hands?
2nd edit: I see the answer to my last question: you keep $0.10 from from each post and credit yourself as the "first voter on every post". So you get the largest cut of the cost of the upvotes on each post?
The vote model encourages hotness. If you want to earn money, you are encouraged to vote quickly. We will have alternate models to encourage different things soon. The next step in rating content will be something we call reviews. After purchasing content, you will be asked: "was this content worth paying for? yes/no". We believe the information we get from that will be a very good measure of quality.
> Pretty cool that you taken such a different approach. Wish you the best! I'm pretty much burned out on all social media, but will check it out regardless.
Thank you very much!
> edit: Big question what's your vig or house cut on all the money changing hands?
Currently our revenue comes from two places: The 10¢ it costs to post content and getting the first vote on all pieces of content.
> 2nd edit: I see the answer to my last question: you keep $0.10 from from each post and credit yourself as the "first voter on every post". So you get the largest cut of the cost of the upvotes on each post?
Yes. This is something we will change soon, probably by either giving the creator the first vote and then charging 20% of all votes or by giving the creator the second vote. It's important that Yours Inc. gets some of the money to prevent infinite self-upvotes. We had that problem originally.
How about nested comments?
Looks great so far. Good luck.
For example, and someone did mention it in the comments below, if I write a script to analyze the kind of content that gets most votes and simply bet on those to maximize the cash earned. Then this will introduce a perpetual loop of content.
1) How many total and active users do you currently have?
2) Where are they coming from?
3) Why would they pay to participate in a new social network when there are so many available that are free?
4) Why Bitcoin Cash?
Thanks!
About 2800 total and 1000 daily sessions.
2) Where are they coming from?
Predominantly social media.
3) Why would they pay to participate in a new social network when there are so many available that are free?
Because we encourage high quality. They believe in our mission and our content quality is rapidly improving.
4) Why Bitcoin Cash?
Low fees. See this article: https://www.yours.org/content/a5c9a2549cfd9e48607e0aebe233d2...