This launch involves two subs, r/fortnitebr and r/cryptocurrency, and builds from an existing centralised version that r/fornitebr, among a few others, was already using. So this moves their points onto the Ethereum blockchain. It is indeed interesting to expose non-crypto users to the Ethereum version. For instance, of the two subs r/fortnitebr has so far 4x the number of transactions and new addresses despite being roughly comparable in subscriber size (it has more active visitors by roughly 2.5x). Personally i think that speaks commendably to the ux that Reddit has been able to achieve.
I personally think it would definitely be useful to use the metric even without monetary value - imagine Reddit communities where the contributors have real, direct influence over rules, moderation style, mod team.
Yes, this is why governance in this system should be tied to your original earned points so it cannot, at least directly, be bought. The scheme that this system currently employs, for instance, is weight = min(earned_points, current_transferable_points).
It is worth seeing if these negatives outcomes actually occur and of so they are not counterable in some way. If these risks can be mitigated then what is left is perhaps quite a useful tool - a metric for community contribution that can be used to make sybil-resistant governance decisions and monetary reward within a local economy.
To accomplish this the community needs a sybil-resistant way to vote. This was a main, even primary, feature of community points in my opinion, and i hope experimentation in this regard can lead to a new relationship between mods and the communities they serve.
These points are awarded based on contribution to specific subs and can be used within the local economy of that sub as monetary unit as well as for influence in governance (original earned points matter here so influence isn't directly purchasable).
This isn't like Reddit gold but more of a fundamental new tool for Reddit communities to experiment with.
EthTrader now has 5% of distribution allocated to mods (changed by community vote). Initially it was 15% (I agree this was too high). These two new subs will be at 10% for the mods. Monetary policy was only influenced by mods for the initial distribution which was set at 15%. After that it required a vote and eventually it did get lowered.
Brave is indeed very fast and particularly on mobile it is useful that the ad blocker is built-in. Thigh I think for most normies the fact that no plug-in is needed is underrated.
I haven't opted in to ads. They pop up as notifications on mobile and it is very annoying.
Yes! I want to say that the good flows from this stability. But I'm not sure there is enough of a track record to make the claim.
Another fun way to put this and make the point perhaps a bit provocatively is to say there are no wrong outcomes from a [free and fair] election - even if your choice didn't win.
In r/ethtrader we are currently running an experiment where contributions are collated bi-weekly and tokenized on Ethereum. The tokens are also part of a dao with a number of features integrated directly into Reddit. Voting, tipping, subscribing to special features, harberger assets, etc. Basically the contributions people make turn into voting weight and the currency for a local economy.
Yes, I would say ipfs is an important component of web3. Ethereum has it's own competitor to ipfs called swarm which provides the static content hosting to pair with decentralised database (Ethereum blockchain), and decentralised messaging (whisper), to provide a fully decentralised application platform.
You are equating crypto with payment but it's really moved on from that. The blockchain space really about competing with Ethereum to provide a decentralised platform for applications - what some people term as web3.
This is a great use case for Ethereum and there is an excellent application live for it - gitcoin grants (https://gitcoin.co/grants/). It is really slick and defaults to use a USD pegged stablecoin (DAI).
so is Augur an oracle that makes smart contracts interesting again? MakerDAO uses an oracle for the ETH/USD price as part of is DAI system for creating a decentralised $-pegged token. It seems like there are ways to solve the issue of getting real world information into Ethereum.
The Ethereum project is about providing a complete decentralized web3 stack - not just a blockchain, though the database layer that provides is a critical part of it.
Reddit is experimenting with sybil-resistent voting on a sub I moderate (r/ethtrader). In fact there is a vote[0] going on to retain me as the first moderator. The sybil-resistence comes from weighting polls with community points (on our sub we call them donuts - don't ask). Donuts are intended to represent contribution to the community so derive from sub specific karma, being a mod, etc. It's still an experiment but I think it's going well so far.
I know it's not your comment but for others benefit who might not know - people of Afghanistan are Afghan, not Afghani. One afghani, or af, is the unit of currency there. The confusion may come because people of stan-suffix countries do use the stani, like Pakistani. Anyway it's pervasive mistake in us media.
This is ecosystem. Status is a project that was funded as an Ethereum ICO. To support their existing work they're incentivised to help support core development of Ethereum itself. Love it.
Ethereum is novel and ambitious technology. In my mind, and I think in the minds of most in the community, scaling had always been the big, important challenge on the horizon - but it builds confidence to see just how far the devs (and community) have brought it till now. It's like everything is in place for that final push over the mountain.
Yes, this is a totally trash article but just look at how the hn crowd laps it up because it fits in with their narrative about this tech. What a retrograde place this has become.
Golem is live. Augur is going live today. MakerDAO has a very interesting stablecoin called Dai that's live. Status' mobile app is now mainnet by default. DigixDAO is live. And many more in testnet phases. But don't let reality mess with the cynical perception that the hn crowd wants to portray!