Operation BLURT moon Proposal

in witness •  4 years ago  (edited)

Operation BLURT moon.

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  1. Free accounts(solves a huge problem for on-boarding)

  2. Limit rewards for new accounts(this also solves another big problem)

  3. Require certain staked amount of blurt for unlimited rewards. It should be something decent like 1K/USD of BLURT. (which can be either earned from limited rewards, or by purchasing), this in turn will create very big buying pressure on 3rd party exchanges, there will be a new found value for the Blurt token. Front-ends can have little meters that show how far you are from unlimited rewards. Instead of something easily obtained, it will become sought after. It's an entrance fee to unlimited rewards. I am thinking of the marketing chances with this and it's wonderful.

  4. Handle spam differently with blacklists(which will be for front-ends, how we're currently doing it just with further options like flagging posts then the actions can be reviewed), not be as concerned about this at the chain level to keep it free and open to it's sole purpose.

  5. These steps may allow us to remove transaction fees, which can act as a roadblock and hard item to understand for many mainstream adopters(why do I need to pay whats free on other social networks, etc). Nobody likes fees, although they serve a purpose in the current state, it would be a shame on a chain which is one of the few with ultra fast and free transactions at its core.

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  ·  4 years ago  ·   (edited)

This makes a lot of sense to me. If we can Monetize Blurt we would not need fees also.

  ·  4 years ago  ·  

Great to hear.

Yes, one of the, if not main reason transaction fees were brought on was to prevent abuse and spam "attacks", in fact it was the reason.

While a good solution no doubt, it brought in other issues in that 99% of the population doesn't like fee's, on a chain that has great tech and is a standout from other chains(in its free and fast transactions).

Abuse spam is a serious problem and it was a good solution(tx fees), a good measure at that time.

But With

Operation BLURT moon

the best way to solve it is with the front-ends, just like all other front facing consumer sites. When a bad actor appears, they need to be blocked. When they create a new account and repeat it, block that too(You can track IP's, and all sorts of things). I'd rather deal with Juvenile spam attacks and add new measures on front-ends, and have a BLURT token up the roof because of all the plans outlined above.

So the problem is that the spam fills up the chain and makes it more difficult to operate nodes. So spam limits growth over time.

I am strongly of the opinion that blacklisting needs to be done at the chain level.

We can't have free accounts.

The reason we can't answer your accounts is fairly simple, The namespace will get all spammed up and become an additional attack vector for blurt.

Free transactions are not a feature, they're a bug.

Free transactions made rate limiting necessary, and introduced a whole new layer of voodoo economic crap. just for example, the resource credit system or the bandwidth system before it. Neither of them really works right and they're not fair. How are they not fair? Well with per kilobyte or per transaction fees, everyone pays the same for everything.

Your third point is interesting. I like that idea, and I would like to see things like that explored. With that said, we might need to look into making that affect both voters and posters. voters should not earn curation rewards under a certain threshold level and posters should not earn post rewards under a certain threshold level.

Except then blurt the coin functions differently for different parties, which I do not feel is desirable.

Whar I do want to say is very nice work on your two front ends, they are steadily improving.

  ·  4 years ago  ·  

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  ·  4 years ago  ·  

I really love point 2 and 3, I can get behind those. I think new accounts should get a taste of rewards, but not full throttle, and then as they build more stake they get access to more rewards.

I do however feel nominal account creation fees are necessary, they could be subsidised if people provide social proof or something, the reason I say they should have fees is to preserve the namespace, since there are no RC's a malicious actor could, in a free account scenario, run a script to create every possible word and combination and human name to totally obliterate the namespace and make Blurt unusable for future participants.

Yeah exactly.

  ·  4 years ago  ·  

Sorry, but you can't be bothered to justify (1) and (2). You expect everyone to trust your mooning?

(3) you did write "1K/USD of BLURT", right? so about 100,000 BLURT, right? Is this a new whalefeast?

(4) I assume you know how to use the CLI to bypass a UI.

(5) I figure this goes with (1) and (2).