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RE: Steemit, Your Competitor is About to Enter the Ring

in #steemit8 years ago

Interesting idea, but I don't see it working. The incentive/payment structure doesn't seem like it would attract people in mass. A voter would now have to pay to curate content with the hope of getting that money they paid, plus more back. If I understand it correctly, I wouldn't touch "Yours" with someone else's hand.

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Yeah, I'm in the same boat with you. On Steemit there's really no risk whatsoever associated with curating, whereas on Yours you always risk losing whatever the micro-payment associated with an up-vote is (the example in the video used 5,000 "bits" - is that 5,000 satoshi?).

1 bit is 100 satoshi, so 5,000 bits is 500,000 satoshi

Gotcha. Thanks for the info.