22 karma · joined January 14, 2021
To create this account I recreated my Tor route three times because Google's Captcha kept saying I'm sending automated queries (not true). After I created the account and posted, I tripped some HN spam filter and had to ask @dang to whitelist me (dang said the defaults were tuned too high). I want to use the Internet anonymously and prove I won't abuse your service. I'm not a bot. I'm HUMAN -- dammit.
If something could kill HN, what could it be?
<a href="theurl">the app name</a>edit: I think the amount you put in is less than the amount requested. You put in 0.01560016 LTC ($3.17 at $203 per LTC) and the project requested 0.0244 LTC ($5).
- I don't think I'll be able to create something. I think someone else will be able to.
- Product > idea. A builder who describes a working product has skin in the game, and backers see they're backing something more tangible than an idea.
- You bring up a good point. A better angle might be "ask people to pay to fund the next feature in your project". Fund $1000 at a time.
I'll check on adding channels. Thanks!
On refunds there are two options. The builder can either accept the $1000 or refund them.
I don't know what would work. The reason I put a hard-cap on $1000 is to not get in legal trouble during this launch. Getting more than $1000 might make a service classified as an MSB (money services business). For the same reason, I'm thinking of refunding all the money back after 30 days, and not letting the builder keep any of the money.
Imagine 10 earnest, formidable, unknown founders in one end and 10 bad-looking, good, unknown ideas on the other end. It'd be great if they could find each other.
Paying is a stronger signal than entering an email. Harvesting emails might work but it'd need some proof-of-work mechanism to vet people really are interested.
What Kickstarter doesn't provide is a way for backers to show things they want built that no-one stepped up to build yet. That's a bigger set. It's all of the ideas that are left!
You don't need to create some fancy landing page or something. Just describe the idea.
If people pay before an idea gets built, it's probably a big positive sign. It means the idea is big enough of a pain point. If not, this website will be a graveyard of ideas that didn't work.
If this doesn't work I'll take it down in a week.
An easy wallet to try is Coinomi. It's an app that installs on your phone and has a built-in exchange. Here are some links to install it:
Coinomi on iOS https://apps.apple.com/us/app/coinomi-wallet/id1333588809
Coinomi on Android https://play.google.com/store/apps/details?id=com.coinomi.wa...
If you're looking for a Litecoin wallet for the desktop, try Electrum-LTC https://electrum-ltc.org/. After you create a wallet, you can exchange some Bitcoins for Litecoins through https://swapspace.co/
I don't know much about lightning network channels. I'll look into it. Thanks!
On using a credit card, I built something similar that could take a credit card through Stripe. The problem there is people are a bit reluctant to type in their credit card number, in case the number gets stolen. Crypto is safer for this because the private key stays with the user on their phone or desktop wallet. Also, pasting the credit card, expiration, and your name takes longer than scanning a QR code with your phone.
By show of hands, if I build it this weekend who's willing to pay and how much?
What you may be asking is, why is there any fee if there was no abuse. Maybe there shouldn't be. I'm open to removing it.
The practical cost right now is small, since the service just started 2 days ago and has few users. I don't know if the service will be sustainable at scale if there's no abuse. Maybe there will be enough abuse that the service will be sustainable from the 1% "abuse" fee. There would have to be some way for the service to pay for itself.
As a user, a bigger issue may be that the mere thought the user won't have 100% of their deposit refunded may deter them from using the service. I'm more inclined to remove the "no abuse" fee for this reason.
On the other hand, as a web app that integrates rePOWCHA and with a large userbase, the web app may want to monetize this user interaction.
So I don't know what will work best. There's probably a balance there.
Since the fee seemed rather expensive to you, what fee structure would you suggest for the "no abuse" case?
Ordinary CAPTCHA tries to tell humans and bots apart, to stop bots from abusing a service. rePOWCHA does something different: it tries to tell if humans have good intentions using the oldest trick in the book. It asks the user to deposit some crypto as collateral. Honest users who don't abuse the service get their deposit refunded, and spammers don't.
Another difference is that it's not rePOWCHA who decides who gets back their deposit. It's the customer (you) who decides. Think of rePOWCHA as giving control back to humans instead of hoarding it for the bots. It's also free and you make money from the fees.
The big problem I see with CAPTCHA is that verifying if someone is human isn't enough to guarantee they won't abuse your service, like what happened with repl.it a couple of months back (https://replit.canny.io/feedback/p/add-captcha-to-new-post). The key insight is to make spam expensive enough that it's unprofitable, instead of merely less likely.
I want a similar way to stop spam for email. Crypto works better than a credit card for this since you can find the sender's address in the blockchain to refund their money, and also to reward them for sending good emails.
And then there's the world of online forums. Don't like getting downvoted on HN? Threads getting out of hand? Built a new online forum that requires paying to post, reply, and vote.
You can pay customer support for responding well or responding fast.
You can send rePOWCHA links to friends to pay you back lunch money.
Proof-of-work for the web is inevitable. This is a new mechanism.
I'll be hanging around in the comments this morning if you have questions or feedback. Feel free to reach out directly at repowcha@protonmail.com