Comment by McAtNite
3 years ago
It absolutely will. I had toyed with the idea of something like this before, but wasn’t sure what the behavior would look like until I found the cryptocurrency subreddit.
They have a system that rewards a monthly crypto amount based on the number of upvotes you received that surprisingly has an actual value that you can sell for. It’s largely led to a race to the bottom where comments and posts largely ignore any long form discussions or accuracy in favor of majority appeal.
This is subtley different though. 1$ gets split between all upvotes a person made. So instead of posts getting a value amount directly proportional to upvotes recieved, it will be proportional to how often those users upvote.
In theory I think this would encourage higher quality posts to attract those who upvote rarely.
I may be wrong, but I believe this is how the subreddit already works. They set a total amount of crypto to be released, and it goes in proportion to the total number of upvotes you receive in comparison to others in a given time window. I think the approaches are largely identical with the exception of the crypto vs direct fiat.
The difference is that the non.io model rewards more for upvotes from people who have a high bar for upvoting and upvote rarely.
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