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Comment by whataretensors | Hacker News Reader

Someone should make a cryptocurrency social platform that rewards it's users for sharing content and attention. Like the steemit of facebook. Anyone know of any projects like this?

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I am guessing that would be the future of the social networks. Yes, lord zuckerberg helps you be in touch with your friends and family, but makes a ton of money while selling your data(/metadata).

A legitimate network which probably starts niche and share a token or a part of it for your activity would be a great start I guess.

> rewards it's users for sharing content and attention

You mean spamming content?

It's possible to tell the difference between genuine, authentic sharing, and automation. Rewarding the right behavior will make spam go away.

You're right! It's absolutely possible to tell the difference. And when it's known, bad behavior can be punished and good behavior rewarded.

What do you think it takes to tell this difference with a high degree of reliability (>4 nines) at scale (>1000/s)? How about in an environment where people are strongly incentivized to find and exploit the weaknesses of your approach? Is it just maybe possible that this might not quite be handwave-it-away trivial? Facebook has had a shocking level of success in cutting down spam with their investments in punishing bad behavior and rewarding good behaviour.

Thank you for your thoughts. You're completely correct! It's possible to tell the difference, and rewarding good behavior will drive out bad actors.

Either you're trusting the crowd to reward good content, which means that people will rapidly optimize for clickbait, or you need some sort of moderation, at which point you're just paying writers.

Existing social media reward mechanisms are bad enough, they need to be weakened, not strengthened. Imagine you could use hn karma to pay at Wal-Mart - would you expect the quality of discussions here to go up or to go down? I think it would be disastrous.

You might be looking for Reddcoin?

https://www.reddcoin.com/

building one now, called Ethertain

will be publishing details in a week or two on http://www.ethertain.org/

not a social network though - more like "paypal for video", where you can send/request content, with proper verification

So... it's not what the OP was talking about all, then?

I was responding to the "reward users for sharing content ... and attention" part, just not as a social network. Those already have been established (one could argue YouTube is a good functional example of that), I don't anticipate much innovation happening there.

But, the concept of content value, no matter where it resides, intrigues me.

[deleted; I didn't read the parent carefully]

Cynical much? This kind of response is one reason I rarely mention ideas on HN. They all seem to be met with instant criticism and/or suspicion.

That reminds me of the Web of Trust a browser add-on only without the actual monetary reward.

I've never heard of steemit.

edit: without not with

Have you seen https://www.yours.org?

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