Announcing a new application under development, probably: Echo Chamber
- Rewards Impound - Author rewards go directly to the Echo Chamber using 100% beneficiaries.
- Centralized Reward Release - After payout, the Echo Chamber evaluates factors like the origin of upvotes, overall quality of the post, and independent reputation.
- Liquid rewards are sent right after overall quality has been verified.
- STEEM Power rewards can be delegated after verification or impounded STEEM Power can be routed over 13 weeks.
- Fees - The Echo Chamber charges a fee, deducted from the final reward, depending on things like how long the author has been on the platform and how often they use the Echo Chamber to post.
Example
Alice posts original content to the Echo Chamber. She buys several votes form bit-bots to promote her original content. The content reaches trending.
Because 100% of the author rewards are impounded through beneficiaries to the Echo Chamber, this gives the moderators time to evaluate the content.
In this case, the moderators add more votes to the post using the STEEM Power delegated by the community.
When the post reaches payout after 7 days, all author rewards are routed to the Echo Chamber. A percentage of liquid rewards are transferred to Alice. Likewise, a percentage of STEEM Power rewards are delegated to Alice, but at a slightly higher rate to incentivize keeping the delegation arrangement.
Alice has the option of requesting that the Echo Chamber power down the impounded rewards and route the STEEM Power to her instead of taking delegation, but this takes 13 weeks.
She also has the option of queueing up multiple impounded rewards power down routes, but this also takes 13 weeks.
Counter Example
Eve posts a meme on the Echo Chamber that is not original content. She also buys several votes from bid-bots to promote her unoriginal content. The content reaches trending.
Because 100% of the author rewards are impounded through beneficiaries to the Echo Chamber, this gives the moderators time to evaluate the content.
In this case, the moderators do not need to do anything. The incentive for Eve to post this content has been removed and Eve realizes her mistake and stops using the Echo Chamber.
See whitepaper: http://bit.ly/echo-chamber-whitepaper-v1
This is just a small print disclaimer of the entire thing because there's no such application and you aren't the least bit curious if someone might delegate to this idea even though I'm not planning to work on it ...
To delegate, you can use any of the following links:
10SP | 20SP | 30SP | 50SP | 100SP | 250SP | 500SP | 1,000SP | 5,000SP | 10,000SP | 20,000SP | Custom Amount
Make sure you have at least 15 SP left on your account.
I'm a little confused, what is the incentive for Alice to use the Echo Chamber for her post rather than just posting herself? Is it just this:
If so, how is this different conceptually than any curation service that has human moderators evaluate content and give it upvotes from the SP delegated to the service?
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Something like that. I really didn't go into that much detail because none of these apps tend to do that either.
But yeah, the community delegates to the Echo Chamber if they do a good job moderating content. So Alice wants a little bit of that sweet-sweet delegation to the Echo Chamber. And the Echo Chamber gets to fund development, or something, by only giving Alice whatever they decide will keep her posting.
Also, Alice gets bragging rights and can virtue signal that she's right with the community. And if the community changes what it thinks is acceptable, the Echo Chamber can retroactively adapt and even revoke delegation for past content that turns out to have been bad.
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I think you're going about this the wrong way. You should create an SMT (except no one knows when or if those will actually exist so you'll just keep the info in a spreadsheet for now) and give everyone who uses Echo Chamber some of your tokens as the added incentive. You should also give them to your delegators, of course. You'll get much much more delegation for your non-existent project that way.
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Yep, SMTs would really fit well. I just didn't feel like typing that much.
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And the more you delegate, thr bigger the vote and spreadsheet number will be.
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And the more you delegate, thr bigger the vote and spreadsheet number will be.
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You should have put "virtue signalling" in the post's first sentence. Im sold just on that alone.
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Exactly my thoughs, So basically you have to give all your money to a centralized service and trust it. And hey you might recieve more money. Oh and btw your steem power will be locked for 13 weeks and you have to trust that entity that it'll delegate it to you and then send the liquid.
I don't quite get the point of it apart from being yet another "bidbot with extra steps" like steem-ua or dstors where they have this "delegate and you'll get upvotes" system hidden behind a concept.
But hey, best of luck with it.
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Everything is a bidbot with extra steps, Morty.
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You don't delegate to dStors and get upvotes, that's no longer the case. We will not turn into a fancy bid bot.
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I know this is a joke, but not a half bad idea. Modify some things and incentivize people to use it, it can turn up good.
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Sure. Why not?
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Who's Alice?
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She has a restaurant, I know that much
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It's on Highway 6, between Tillamook and Portland. Great place to eat! Nice people, really good home made pies. Alice's Country House. Gal named Alice actually runs it, and has for almost forty years now.
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This is a great idea! I particularly like how you managed to snag the account name @null to use as a central point for delegation collection, it is really surprising that was still available. If I might offer a humble suggestion, I think best practice for this type of endeavor is to spam the link in a memo to everyone who uses bid bots. Cheers and good luck with the nondevelopment!
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LOL
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Am considering delegating to @null. Is that one of the bidbots where you can send steem and SBD and get pushed to trending?
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to the best of my knowledge delegating to null would do absolutely nothing - which hopefully you know but just want to be clear LOL tough to read sarcasm/humor over the internet sometimes. Sending SBD/STeem to null burns it, and the account itself doesn't vote so delegating to @null is a null action :)
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This post was shared in the Curation Collective Discord community for curators, and upvoted and resteemed by the @c-squared community account after manual review.
@c-squared runs a community witness. Please consider using one of your witness votes on us here
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Hi @inertia!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 6.526 which ranks you at #153 across all Steem accounts.
Your rank has not changed in the last three days.
In our last Algorithmic Curation Round, consisting of 234 contributions, your post is ranked at #1. Congratulations!
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
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Hi, @inertia!
You just got a 2.28% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
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