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0 pointsRobertKohr14y ago0 comments

There is a decay effect on the home page (the "hot" section) where posts will fall off as they get older.

The current calculation is bitcoins/sqrt(time)

The spammer is still just a single person, and if no one is sending coins to lets say his "viagra" post, then even if he has an advantage, it only takes a few people to like something else to outgun him. How many people vote up something on the home page of reddit. If they all put in for that, it would be very uneconomical to compete with.

Keep in mind, I don't really have a huge amount of faith that the system will work out. It is an experiment in micro-transactions and psychology.

Time will be the best judge.

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2 comments · 1 top-level

fragsworth14y ago· 1 in thread

Have you considered letting users also spend bitcoins to downvote posts, but at a high ratio (e.g. remove 10 by spending 1)? That could clear up the advertising.

What to do with the leftover bitcoins? Maybe hold on to them.

RobertKohrOP14y ago

I had code in there to do just that (at a 2x ratio) but commented it out before launch.

I am going optimism that it will not just turn into an ad site. If I end up wrong, then I will do something like this.

So far it seems to be a site where people that love dinosaurs come. Go figure.

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