Why not create a blockchain where ACTIONS online = PROFITS. The bigger actions would payout more, but coin is actually minted through online content creation, where you the creator of that content get compensated based on an algorithm.
Could even have that algorithm take in external things and re-calibrate the coins you were paid (i.e. give a bonus) for social media reach, or number of views...
E.g. : You post a video. -- You get 10 props. User B submits a comment. They have 500 comment karma so they get .01 props. User C submits a comment. They have 0 karma.. they don't get any props. User D has negative karma -- they actually have to pay props to comment till they're out of the hole.
Over a month you get 10k views, so the algorithm looks at all views across all videos for the month, and pays out a bonus where each view = 1 share out of the bonus pool of newly minted coins. Say there were 10 other users all w/ 10k and 100 props for grab you could basically give each 10 props as a bonus.
Obviously comments/etc isn't a huge time taking thing like creating a video, so video creator should get more.
I'm imagining something like Reddit + Steemit combined with some added rewards systems to keep users involved and providing QUALITY content, the karma system would be setup to basically try and ensure better quality.
I’m not completely against the idea, just a few comments:
1. Why would User D ever pay and not just make a new account?
2. This system seems to emphasize a certain type of content, though I wouldn’t necessarily consider it quality. I enjoy watching wood turning and blacksmithing videos, which are much less popular than some of the personality based content... I’m not convinced the popularity difference is based on quality.
3. A community like this needs to be careful to not allow a few s”superusers” to scale way ahead of the majority. The only way the system stays engaging (And it is meaningful to get these coins) is if you are getting a meaningful portion relative to your peers.
I like the idea overall, just some related thoughts.
Or simpler: play ads for content, get paid for ad clicks and X impressions. What your system needs is an influx of money - are the consumers going to pay for it?
Could even have that algorithm take in external things and re-calibrate the coins you were paid (i.e. give a bonus) for social media reach, or number of views...
E.g. : You post a video. -- You get 10 props. User B submits a comment. They have 500 comment karma so they get .01 props. User C submits a comment. They have 0 karma.. they don't get any props. User D has negative karma -- they actually have to pay props to comment till they're out of the hole.
Over a month you get 10k views, so the algorithm looks at all views across all videos for the month, and pays out a bonus where each view = 1 share out of the bonus pool of newly minted coins. Say there were 10 other users all w/ 10k and 100 props for grab you could basically give each 10 props as a bonus.
Obviously comments/etc isn't a huge time taking thing like creating a video, so video creator should get more.
I'm imagining something like Reddit + Steemit combined with some added rewards systems to keep users involved and providing QUALITY content, the karma system would be setup to basically try and ensure better quality.