"Our users also spend money to upvote content. Each vote costs 10¢ and the payment is distributed amongst earlier voters. This is our most popular activity. People love to pay money to vote on things. Who would have thought?"
Is the payout to early voters greater than 10 cents? And do voters know when they're an early voter? If so, maybe this is why it's such a popular activity!
Every post is a miniature pyramid scheme. Like those chain letters that say 'send a dollar to everyone on this list, then add your name to the list and pass it along to everyone you know'.
Indeed. That's why it might work :-) gamification of content generation.. now if they can only keep the content quality high.. how about allowing people to downvote and punish low quality content? I tried something like that on booklove.rs
If there were 0 fees on Bitcoin Cash, the payout to earlier voters could be arbitrarily high. It's a divergent series. Because of tx fees, there are limits. BCC has low fees, but not zero.
You know you are an earlier voter by looking at the amount voted. That is the amount below the vote button.
Is the payout to early voters greater than 10 cents? And do voters know when they're an early voter? If so, maybe this is why it's such a popular activity!