@4 @3 Basically the theme of my posts is the best way for e…
@4 @3 Basically the theme of my posts is the best way for everyone to make more money on Twetch is to implement a system that lets people decide how to pay out fees. Then optimal fee structure will arise naturally.
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keep going
Now it's just time to talk about the math and details on how to implement it.
Consider payment profile (P1, P2, P3, P4, P5). By default they will be 'fixed', which means once assigned will not change for further payments. If P3 is fixed, then P(less than 3) must be fixed as well. Generally P1 is the Content Creator.
For any given Like, P5 will be paid first. P5 is the one who exposed liker to the content. P4 is the one who exposed him to the content. Etc. Fixed P-values override this.
Have your rep meet me on Atlantis slack.
For this to work, every "like" record must contain the ID of the Payee that caused the like. And that ID must translate to a paymail so payments can be made. This can make a calculable chain of likes that goes back all the way to the Content Creator.
paychain
Payment algorithm goes something like:
0 Like happens
1. Generate 5 link paychain / Substitute fixed IDs
2. Translate IDs to Paymails
3. Pay out according to Payment profile.
Different frontends for Twetch in the future will probably be competing for fee structure. I wonder what incentives are involved and what it maybe gravitates towards.
Being able to personalize it might prevent otherwise incentivized frontend hopping.
yes. Suppose P1 and P2 are fixed. Then P1 and P2 get paid every single like. And P3-P5 are the last 3 in your paychain.
To keep the payment profile simple, it's necessary to make ensure that the fixed Payees must include P1 through Pn, where 1<=n<=5.
i want credit in your white paper as a contributor @554
Done!