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Discussion
Alexis Ohanian
@alexisohanian · Co-founder, Reddit & Initialized Capital
Buying your way onto the frontpage is part of what killed digg. Marketers ruin (or try to) everything -- I'd be really weary of a system like this. But hey, reddit is open-source after all, so I'd encourage someone to try it out (esp with doge!).
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Ryan Hoover
@rrhoover · Founder, Product Hunt
This is a fascinating project. Read the README for details but in short @fisher_lebo created an open source HN/Digg/reddit-style app where users pay bitcoin (~$0.01 - $0.03) to submit and upvote/downvote with a goal to:
(1) Increase quality of content
(2) Monetize the site and/or content creators
Should we add this to Product Hunt? ;)
Curious to hear @ab… See more
Fisher Lebo
@fisher_lebo · slacker
@alexisohanian,
I definitely had that in my head, and it is probably the biggest weakness of an approach like this. You could actually encourage gaming the site. I was using Digg years back and remember the "cartels" of people that would vote up stories even when money was not directly involved.
I *think* this could be countered a few ways.
1) The simple… See more
Abram Dawson
@abramdawson · Principal, SV Angel
The idea of making creation free and charging (marginal amounts) to consume is interesting...not sure if this exact approach would work at scale, but I feel like it's only a matter of time until a consumer app uses btc/doge as a means to incentivize specific behavior. This is an interesting take
Kevin Rose
@kevinrose · Builder of internet things.
There is a black market for every UGC site. When you have millions of eyeballs there is no avoiding that. Buying re-pins, reddit votes, followers, etc. -- it all exists today.
Re: voting w/ cryptocurrency, I don't think the solution here is to bolt-on bitcoin (or even doge). I've used tipdoge quite a bit on reddit, it's fun, but I'd rather have a deeper ho… See more