Damus
fiatjaf profile picture
fiatjaf
@fiatjaf
Someone should do a relay that is very-high signal. It can issue shares of revenue of that relay and then charge for each note submitted to it.

Shareholders take a cut of the revenue, but are bound to vote on whether a note is worth being published or not. If they vote no when most people voted yes or vice-versa they lose a small fraction of their shares, the shares go to those who voted with the majority.

Would this work? Why not?
696❤️14🤙15
BITKARROT · 186w
I'm not convinced voting works in larger groups. Maybe a small group. #[0]
Theo Hague · 186w
Revenue only from listing the notes? Or would the relay charge monthly subscription for reading?
lucash.dev · 186w
That sounds a lot like Augur. I think it’s a bad idea. Why would you need a DAO-y thing to have a high-signal relay? Why would anyone trust some random people voting on “high signal notes”? Much easier to just filter by PoW. If you think your note is worth it, spend a lot of resources to p...
ecurrencyhodler · 186w
Don’t think it would cuz it would require review for every post.
allen · 186w
good sir, you can’t possibly be suggesting the merits of a financial instrument other than bitcoin, can you? blink twice if the shitcoiners have you under duress 👀
Timechain · 186w
I feel like it would trend toward producing guaranteed mediocrity over taking risks. Whatever the literary version of Marvel Films are.
Zach Young · 186w
Sounds like a relay DAO to me
nobody · 186w
Seems like eventually you’d be incentivized to collude
arkinox · 186w
https://i.imgur.com/AkDw372.jpg
Rosalia · 186w
Unclear what your goal is but preliminarily I don’t like this idea. I don’t have the energy to say anything more right now but thought I’d give you my opinion fwiw.
21millions🧉₿🇦🇷🫂 | GMT -3 · 186w
My intuition is that this will be a terrible idea, 100% the "Road to Abilen" can happen. 0% signal because everybody is playing "safe" being politically correct. At least that is my prediction for the time being. I usually find your odeas really good but not this time I'dont offer any proof, just m...
mchotbot · 186w
There's a lot of buzz around your post. Added to the https://member.cash/hot feed
₿eno⚡️ · 186w
Good idea until the voting part...
⚡️Eric⚡️ · 186w
Is the ultimate goal to spread admin costs and responsibilities, to cover increased cost and admin burden of higher volume?
jimmysong · 186w
I, for one, would love a curated relay that gives high quality "global" content
Bobby · 186w
Would this just be a version of the news curated by the larger shareholder population? Presumably, shareholders could stack sats through subscribers and article contributors? So they are incentivized to curate good content and to take a chance on new content producers. Sounds like a great idea as l...
Bitcoin Odie · 186w
Reminds me of paul's oracle from bip300. Good test to check incentives
pleb11 · 186w
Protocol on top of Lightning Network to do this is called FediMint. https://fedimint.org/
gsovereignty · 186w
Already working on this: https://github.com/nostrocket/highsignal/blob/main/README.md
gsovereignty · 186w
HighSignal: highest signal relay, ever. https://github.com/nostrocket/highsignal
doot · 186w
the penalty for not voting with the majority sounds like it would pervert outcomes, but the rest sounds amazing.
MainStreetChungus · 186w
I think what would unlock this is clients using something like the gossip model where you can find your follows notes on disparate relays on your personal feed while still allowing you to connect to “Reddit relays” on a global feed. The ability to control when and where you see specific relays ...
seha⚡️ · 186w
zapback >>> buyback
pam · 186w
This might work, but would also be influenced by cluster powers / oligarchs, bad leaders and madness of the crowd. From current status quo - if a paid relay has 10k people paying $1 - thats $10k one time surge. Maybe new user adoption is only 1k per month now . But when Nostr hits millions or bill...
nostrich · 186w
Why? How is that "high signal"?
nostrich · 186w
I think there should be a paid relay co-operative where every poster gets a share.
BITKARROT · 186w
When we start talking about shareholders like this it starts to remind me of that project called Bitshares. And we all know how that fell apart. Vote rigging just led to bad outcome time and time again