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comment by BrainBurner
BrainBurner  ·  1442 days ago  ·  link  ·    ·  parent  ·  post: Hubski Update: A funding experiment

This is very early in the testing process, but already I find I'm a bit more stingy with my boops and shares knowing I have a finite amount of funds to give out. If I know I'm giving away my hard earned money with every share, I want to make sure it's spent on quality content. I suppose a problem would arise if a majority of users felt their money is better spent on content featuring memes and tired jokes instead of articles on current politics and technology, for example. Thankfully those type of users are sparse on Hubski.

amouseinmyhouse  ·  1442 days ago  ·  link  ·  

I think another aspect is that I don't really know how much each of these bits is worth. Like, I've been told, but that has no real meaning since I got them for free.

At first I was just giving out 4 bits per boop (awesome sentence), but then my bit count went up by a ton after only a few boops. I felt that social pressure to adjust my valuation of bits and give out more per boop.

Once it's tied to a dollar value, I wonder how I'll actually react. I'm trying to pretend, but it's hard since it's just not my money.

BrainBurner  ·  1442 days ago  ·  link  ·  

I'm doing a 100 bits per boop (bpb?) right now. I figure that should allow me to run through the 35000 bits I have in the two weeks we have. Or at least a large portion of them. The 35000 bits corresponds to about 10 real dollars. I could see myself investing 10 bucks in Hubski every two weeks.

aloysius  ·  1441 days ago  ·  link  ·  

Ooh, that makes me think of something that could (potentially) make this work, in that even if people put money in, there's a hard limit to how much you can put in per month, for example. That way people will remain somewhat stingy with who they award because they can only do it so much in a month, and it could help prevent the value of it from cheapening and people wouldn't have much reason to make pandering posts. Still wouldn't solve all issues concerning that, though, I realize after writing this out.