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Metafore Improvement Proposal - 001
-------------------- Micro Tipping Feature -------------------- 1. Any user can post content with or without ID 2. Any user who has staked a minimum of 100 MM can start microtipping. 3. 1 microtip = 1/100 of an MM Token 4. Any post you can tip any number of microtips. For some post u can send 1 microtip. For other posts you can send 10 microtips if you like it more. 5. When you microtip a post its relevance will increase. And 10 other people microtip the same post, then you earn 10% of the total microtip revenue of the post for ever. The first 10 others to Microtip the same post will earn 2.5% each. 15% of the total microtips will go to the metafora foundation for marketing etc. 50% of all the microtips will be reflected in the account of the original poster. The microtips will be only reflected in the account and can be withdrawed occasionally as and when the user can pay the gas fees. otherwise it is settled when the MM is unstaked. Continued in comments.
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@cryptofolyo 6. If a post gets more than 100 microtips then the post heading alone is visible and if any new user wants to read it then he or she has to first microtip and then read.
The minimum microtip after 100 microtips will be set at 10 micro tips The minimum microtip after 1000 microtips will be set at 100 micro tip = 1 MM
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@cryptofolyo 7. We may also think about another incentive structure as the following.
First tipper for a post 10% First 10 tippers for a post 1% - total 10% of all the subsequent revenues from that post. First 100 tippers for a post .1% - Total 10% First 1000 tippers for a post 0.01% Total 10% - 20% for the platform - 50% for the original poster - mandatory tip mode ( heading only mode ) for a post after the first 1000 tips.
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@cryptofolyo This means that people will generate serious content and invest on the quality of the content .
Curators will read these contents and compete for becoming the first microtipper for each content. because each content that is popular can become a steady revenue stream for life.
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@cryptofolyo Objective
- Microtipping will incentivise people to work on quality of content - The author of any quality content must be rewarded by the reader who benefits out of reading the content.
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@cryptofolyo This is a novel and interesting idea, thanks for sharing! Obviously, there are pain points such as people being priced out of accessing important articles; however, building better incentive structures around the consumption and sharing of content is probably a trillion-dollar problem.
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@cryptofolyo it's gonna a lot of time to implement for techlead solo
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@cryptofolyo I have to say I like this idea. It's a completely new way of trying to improve the quality of posts and engage with MM holders. I guess it would be tricky to code but I think we have someone who's quite good at that kind of thing!
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@JamesHuckle People need to be able to own and sell their contents. even if it is a writeup
People need to be able to invest time on making the content better and better. What if metafora can curate the best coin pickers for example? Just follow these coins right picked by the best pickers.
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@cryptofolyo The problem is that would make metafora a money transmitter and fall under a whole giant pile of regulations. I own my own social network too and looked really hard at tipping at one point. It just wasn't worth the trouble of regulations.
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@0x4adff07ca6a779e70295743fe6405dc3dbb37382 tipping a token is not money. its just a token. like a point in the mario game. how is it money?
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@cryptofolyo Nice idea - but it's hard to build trust!
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@englishmonkey Difficult maybe. But not impossible.
It just requires some few basic features to start with. A ledger account - ( not even required to be maintained onchain ) A settlement system - ( whenever a withdrawal is requested where the user pays for the gas fees )
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@cryptofolyo Then a button to tip anyone. few settings when to display the tip button and when not to. few settings not to display the post if the post meets the criteria for mandatory tipping to view.
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@cryptofolyo Metafore Improvement Proposal - 002
-------------------- Popular Authors and popular posts. -------------------- 1. Each topic may have most popular authors 2. The popularity rating of an author can be determined as a function of the rating given to each authors by other authors.The average of likes for each posts can be a metric. Each author alongside his profile this rating can be displayed like 4.4 out of 5 3. Higher weightage can be assigned to the likes of another author with higher popularity rating if he or she likes a post .This means that the posts will higher quality in each topic will become more and more visible. 4. Popularity rating is assigned only after the total count of posts cross more than 100 posts in the platform. 5. The objective of this popularity rating is to make the best quality authors and contents most visible. Other social media platforms are mostly junk content. Can we create a social media platform with the best rated contents with maximum visibility.
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@cryptofolyo Metafora Improvement Proposal - 003
____________________________ Home page feeds ------------------------------------- The home page can show the most popular feeds. because the latest feeds need not be always the best feeds. Sometimes it can be even porn content. Once the user starts following other users then priority can be assigned to those users posts in the home page and the popular feeds can be pushed down. To explore new users there can be another tab explore. to explore topics as well as users.
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