[tor] Re: Charity integration at witcoin
- From: Moritz Bartl <moritz@xxxxxxxxxxxxxx>
- To: torservers@xxxxxxxxxxxxx
- Date: Mon, 28 Feb 2011 10:13:39 +0100
Hi Mizery,
I am loosely following development of Bitcoin sites and already looked
at Witcoin some time ago. Nice to see that you are gathered some users.
I like the idea of including charities, and of course I don't mind us
being a possible selection. I am not sure what your users think about
distributing funds equally to all participants. Maybe a slider to select
percentages is more appropriate?
-Moritz
Am 28.02.2011 10:06, schrieb Mizery De Aria:
> 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
>
--
Moritz Bartl
https://www.torservers.net/
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