[tor] Charity integration at witcoin

  • From: Mizery De Aria <mizerydearia@xxxxxxxxx>
  • To: torservers@xxxxxxxxxxxxx
  • Date: Mon, 28 Feb 2011 03:06:22 -0600

Hi torservers,

I am working on development of witcoin.com site and will soon begin working
on an implementation to allow users to include one or more charities in
distribution of funds during activities that have a cost.

Firstly, a brief explanation of the site:

witcoin is a user-generated content site that allows users to post content,
reply to content and upvote content.  Each of those actions have a cost
associated with them.  The cost of the actions are distributed.

As a user makes a post that costs 0.01 witcoins (1 witcoin == 1 bitcoin, so
also 0.01 bitcoins), that amount will be distributed equally to site
(dev/design team for the site) and the category renter.  Therefore each of
these two entities will get 0.005 witcoins (to be further distributed in the
case of site)

As a user replies to a post that costs 0.01 witcoins, that amount will also
be distributed equally to site and the category renter.

As a user upvotes a post at a cost of 0.01 witcoins and is the first
upvoter, that amount will be distributed equally to site, category renter
and poster.
As a user upvotes a reply at a cost of 0.01 witcoins and is the first
upvoter, that amount will be distributed equally to site, category renter
and replier.
As a user upvotes a post or reply at a cost of 0.01 witcoins and there are
prior upvoters, that amount will be distributed equally to site, category
renter and poster or replier and all previous upvoters.

That is the fundamental strategy used for witcoin.

Soon I would like to integrate charity integration where charities can
establish a presence on the site and users can opt to associate one or more
charities to be included in the distribution of profits from their actions.

So, for example, if a user selects torservers to be included, then if they
post content which costs 0.01 witcoins, then that cost will be distributed
equally to site, category renter and torservers.  Thus, torservers will
receive 0.00333333... witcoins.
Also example, if a user selects torservers and one other charity to be
included, then if they upvote to a reply which costs 0.01 witcoins, then
that cost will be distributed equally to site, category renter, replier, all
previous upvoters (if any), torservers and the other charity organization.
Therefore, if that was the first upvote, torservers would receive 0.01 / 5
or 0.002 witcoins.  If that was the 6th upvote, then torservers would
receive 0.01 / 10 or 0.001 witcoins.

Ultimately, my idea for implementing integration of charity donations is to
help support various organizations that participate in the site as well as
to help promote the site, which in turn may help to establish more
donations.

I haven't begun working on the implementation yet.  First I would like some
feedback from others on their thoughts.  Also, if you have any questions
that may not be suitable for the mailing list, feel free to ask in Freenode
#witcoin.

l3estest l2egardedsness,
Miz

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