RE: We should stop autoupvoting in POB !
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You're not wrong you're correct but not in the way you think. For instance bots are a way to correct the problem it's just that right now bots aren't being used properly. So when i first came to these dpos systems. I realized that the problems in dpos would have to be solved with a bot.
So manual curation is never going to work. Even if you got one benevolent whale who has the time to curate posts he's still going to be missing alot its still not going to be fair for some adn this is an achilles heel for dpos systems. As you underlined it doesn't seem fair to put the same people in your autovoter that you feel will upvote you back... that is part of your conclave. etc., so what happens to curating good content.. that goes out the window.. it's no way that will ever be handled fair.. i knew this one girl who received over $100 in upvotes everyday from community members on her posts.. I just found it hard to believe that everyday her posts were worth that much. That's an ongoing known common problem we haven't done anything to resolve. It looks bad to outsiders and us in crypto.
We know it looks bad and i think it does hurt us. So a project i started we have a unique system that i think shoudl win a nobel prize. We were able to understand that with conclave voting with no competitive pricing.. with people writing the same comparable value content and some earning 4 cents and others earning $100 on essentially comparable content. We were able to quickly understand we'd never be able to create a fair or accurate or balanced curation system.. unless we understood one thing.
That one thing is that content is subjectively valued but attention value depends on the metric of "time" As to say your attention value to let's just say and advertiser or a community attention... is valued the same per person to some degree. So we were able to create what we call the proof of participation model which takes what you do and puts it in an algo that generates you coins based on an average of what you do.. So say for instance you write a post gets alot of attention same attention value and time.. as well as upvotes as the next person.. The system still pays you a certain amount of tokens automatically there is no human mind behind this
Now interesting enough manual curation is still possible but there is a fair system of automated curation that covers everyone. So i think this is the new future model for this sorta thing. I think its going to make our project successful because it does away with the stigma.. Everybody feels this sense of fairness and it bothers and disturbs communities. So in alleviating that i find thats the answer.
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What's the name of the project ? I didn't get everything, are you working on it, or you mean it's good to have such project ? I like the idea to reward for proof of attention. For example a post that bring so many comments and that much activity means that the topic is important for people. So, this post doesn't worth $6 while the girl sharing pictures and videos everyday getting $100. Usually such girls are curators in big projects and they kind of pay her that way. I know a few of them. But, the paiment should be liquid not in form of upvotes. That's not good for the future of the platform. I always supported liquid payment, but not upvotes. Especially when I was working as a curator in dtube. I talked about that with the team, but they didn't like the idea. It's more easy for them to pay with upvotes instead of liquid token. That will be a proof of work and that shouldn't be mixed here with proof of brain. We can't pay a work for brain. lol
The project is called bitcoin myk. It's already a token on hive engine and the interface is already in use.So it's already built i think it should win a nobel prize. It not only automatically curates what you do. it distinguishes an average value of what you do and sends out tokens in relation to that value. So the example of the person receiving more for a comparable post does not happen. Both posts would earn the same. Manual curation is still possible as well. So you can still upvote its just that its not stakeweighted and all community members votes are equal. So it covers most issues with that. Nearly 14,000 accounts already have the token.
What's great about it is the governance model is based on group communities and not those with the most stake. Not sure if you read this article with not just problems with decentralization in pob but most tribes.
https://leofinance.io/@themarkymark/the-biggest-risk-with-hive-engine-tribes-is-the-owner#@mykos/re-themarkymark-5mmmde
It also predates pob as a deflationary coin and the token reduces in supply against transactions. Because our model is constructed this way and already built. We believe we can potentially get 100 million users on the system. this is the site link https://www.bitcoinmyk.com
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The question O have in mind is what does it mean myk and is it a token built on hive-engine ?
Yes Bitcoin MYK or the anagram.. (M)aking (Y)our crypto with (K)nowledge. Is basically a bitcoin fork on hive engine. So the token is created on hive engine uses all the scot protocol so its as safe as hive engine is going to be. It does have wrapped versions of the tokens on other chains but the same supply. As to say we wrap the token on hive engine and if you're on another chain and want to use the token you can use a collateralized version of the token.
The model is different than a proof of stake model to gain consensus or a for profit model. So if you have bitcoin you automatically get btcmyk free in relation to the bitcoin. Your value is predicated on a merit based system and the supply comes from the tokens bitcoin holders dont claim either because they lose their password or they just aren't interested.. those tokens go back into circulation and are paid out to the rest of the community in a form of ubi or what they do on the platform. so just logging in daily earns you ubi.
Without being biased i think its the most secure token out there and the most likely to succeed. Simply because it works more like an actual currency model than a speculation model. So most tokens i have to buy its like a subscription service with us its a freemium service similar to how many mainstream social media sites gained billions of dollars. facebook now almost valued at $1 trillion.
We think its the most decentralized because in retrospect you're going to have probably the widest distribution model in crypto and the most fair. Remember you can buy the token on third party exchanges but you can't buy tokens and move them to the platform. All earnings and participation is fair and you have to use it to earn.. You can't really cheat the system or use money to overcome it in that fashion.
The project is lightweight and sustainable and can run for like 500 years. So yes very difficult to find issues in this project. Some would say they feel the platform is centralized etc., but even if there are levels of centralization much like we're finding out most tribes are and even hive to a great degree. The content is on a decentralized blockchain..The votes take place from group owners and the community on blockchains. So its very transparent to see if there are issues and again with the wide distribution we plan to have.. most of the issues of decentralization are going to be present in distribution of wealth. As to say if you own most of the coins the coins are actually the code of the network. So its not just money. You can control the network. So because our model will be so fair on distribution and widespread as its a freemium service model we feel ultimately we'll achieve the closest version of decentralization atleast in areas it matters.
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Why we can't login there with hive keychain ?
Yes we don't include hive signer on the platform. There are several reasons why. The first part is if we're to get 100 million users.. we can't have difficult systems to onboard people. So bitcoinmyk.com first acts as a transitional system. The next part is bitcoin myk system is multichain and doesn't occur on the hive engine blockchain.
You can think of it like leo and ethereum. You have a leo token on ethereum but the platform itself is not ethereum based. So bitcoin myk tokenization occurs on hive engine but the platform itself does not because it would be too difficult to gain alot of new users. So it works as a collateralized version. Bitcoin MYK exist on several blockchains.
The system operates more similar to eos voice. You can not purchase the tokens on the platform you can purchase third party them on exchanges but can't move them to the platform. as it only accepts our stable coin for purchase of products or the bbd dollar. The btcmyk token is meant to be a merit based fair system so you can only earn tokens on the platform and withdraw to your hive keychain wallet or other supporting btcmyk wallets. You can not purchase stake on our platform and thats done on purpose as again this experiment is about being the most merit based and fair system
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You use the word fair a lot.
Anyways, how users proves they have bitcoin and is the amount of bitcoin bring them the same amount of bitcoin myk ?
Yes we do but i believe fairness is a false idea. I'll give you a quick example. In america retirement age has been around 67.. in france decade ago it got moved up to 60 years old, lol. Which means in france people were retiring in their 50's.. so they started a riot in france and started setting things on fire. Meanwhile in the united states they were considering raising retirement age.. Which was fair? which is right and wrong?
The thing is doesn't even matter someone elses fair is another persons wrong.. The problem is the perception of the people matter. The problem around hive and why i think it can never grow with that type of user base. Is because the posts show earnings .. you got stakeholders whether they playing favorites or not people will always have this stigma and seeing that the distribution rate i'm sure is probably something like 1% of the hive network probably owns something like 50-90% of the entire platform i dont think thats escapable.
So proving you own the bitcoin is quite easy. It only requires a wallet signature. So you do need a wallet that you can sign a transaction with. If you don't want to sign a wallet you can use exchanges that have systems to honor our work like the waves exchange but the problem is if you don't have your bitcoin on waves then there is no way to verify you own them.
So you need to be able to do either or to claim the bitcoin myk free. The other part is obviously the price of btcmyk is in its beginning phase but its many times over more deflationary than btc.. it's deflating on every transaction. So the supply will end up 4x less than the btc supply. So the point of claiming your btcmyk from btc holdings is to protect in case it goes to thousands of dollars etc.,, then you have your holdings.. i think at this point in time you can acquire them so easily that its not that important at this time however...
In a future where btcmyk is hard to get.. As the supply dwindles if you're a bitcoin holder.. then thats going to come in handy as its going to give you a right...to claim btcmyk when nobody else can buy them cheaper. You'll still have that right as long as you own btc.
What we like about this approach is will make it easier for us to gain btc network effect. So we can easily inherit the millions of btc holders to push us to one of the projects with the most wallets and i think thats possible as we don't operate on a for profit business but more like a monetary system. So the entire system is about the network and wallets and we don't really play the stake game and all that. We don't feel that works ultimately.
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I'll check for reviews in the web about your website !
Sounds good. .here's an interesting article
https://leofinance.io/@trumpman/how-to-get-free-bitcoin-myk
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What's the benefit of the team if noone is putting money there ?
I don't understand why would you need to put money there? thats like asking why do you use facebook if nobody pays you?
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