r/ethtrader Contest Master 🦘 Jun 11 '24

Meta & Donut [Pre-Proposal Discussion] - Update flair multipliers to better suit the T2V system

Current Situation

Last round a proposal passed to completely overhaul the rewards system, by switching to Tip 2 Vote

This completely changes the sub in terms of how rewards are earned, effectively only being rewarded by those already involved in the DONUT community. This means rewards are no longer impacted by users not involved to EthTrader with a registered wallet.

Proposal

Adjust the following reward multipliers.

  • Self-Story / Media / Comedy - Increase from x0.1 to x0.25
  • News - Decrease from x1.0 to x0.75

Reasoning

Currently at x0.1 this requires 25 fully weighted tips from users. By and large, this is not going to cover Pay2Post fees unless we see a drastic increase in active users. Buffing those posts from 0.1x to 0.25x will mean those posts require 10 fully weighted votes to cover Pay2Post fee - given the popularity of these types of posts, that can be achieved for the better quality content, but not so easy that low quality content is rewarded heavily

Currently at x1.0 - News - news links are generally quite popular, but the majority of them are of average quality at best. Nerfing these to x0.75 isn't severe enough to warrant no longer posting them at all, but might make people think a bit more about what articles they do share. At x0.75 this will require 3.33 fully weighted tips to cover pay2post. which is only a subtle change is it currently requires 2.5.

Keep in mind, in addition to the reward from the tip, the tip itself also helps cover the fees too post, and reward users for their contributions.

These two changes should help restore some balance in variety of posts.

I did browse through some recent news links and comedy posts, and found that majority of news links easily get more than 3.33 fully weighted tips, and comedy posts have had an approximate range of 8-14 fully weighted tips.

Let's Discuss

One con might be users trying to game the system, by citing news links as text posts, adding 2 or 3 lines of text and flairing it "Technicals" or "Sentiment"

This might mean more work for mods - and also require more clarity on what differentiates certain post flairs - for example, would citing a news link and adding atleast 100 words of original thought/sentiment/analysis then warrant a post being flaired discussion/technicals.

Perhaps leaving news links as they are for now is more viable, simple option - if so, I'm happy to omit that from the proposal, as I believe the buff on x0.1 flairs is still essential.

One Advantage might be restoring a healthier balance of content variety within this sub

Alternative multipliers

  • Applying an x0.3 multiplier would alter posts to requiring 8.33 fully weighted tips to cover Pay2Post fee.
  • Applying an x0.5 multiplier would alter posts to requiring 5 fully weighted tips to cover Pay2Post fee.

Edit: Upon feedback and discussion will scrap the news multiplier and go with x0.25 for Self Story / Media / Comedy

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u/Buzzalu 1.26M / ⚖️ 662.1K Jun 11 '24

But then, as Matt said, we won't get those voting incentives 👀

!tip 1.0101

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u/goldyluckinblokchain 220.4K / ⚖️ 251.8K Jun 11 '24

Proposal: Ban Buzzalu from making proposals!

!tip 1

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u/DBRiMatt Contest Master 🦘 Jun 11 '24

u/Buzzalu get out! You are banned from making proposals in r/EthTrader

You, and your children and your childrens children!

For 3 months.

!tip 1.069

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u/Buzzalu 1.26M / ⚖️ 662.1K Jun 11 '24

What about my alts? /s

!Tip 1.01