Guys, let's be real. Likes should be cheaper. Who's with me…

I agree with River. The transactions the better. Or we could move to a model that we can choose how it would cost to interact with us. Set our own rates! I prefer freedom to choose what it costs to like a Twetch or to follow me.

Yes completely agree!! That would be great!

🧡🧡🧡

I agree. I would have liked this, but not for what I could post 5 comments for.

Good thread here.

I would continue tweaking & measuring to find optimum, if it were my platform. There will be a happy medium to the media somewhere. I think charging a higher rate to post, lesser rate to like/reply. A cascading model may generate more interactions. My 2c.

Yes! So true! if it costs just 2c to post a regular text, to like that it should be the same if not less

true true

Likes should cost no more than it does to post. 10c per like will never attract widespread use. We are early adopters so are paying a premium right now. Hopefully it reduces to 1c per like in the future. Right now I usually reply instead of liking a post!

I don’t like cheap likes

Alex and SirNewton, brilliant ideas, love them!

like your idea

Cheap flat rates.

No variable rates like Streamanity. I don't want to continuously have to check how much a user charges before I decide to give them a like or comment. It needs to be consistent and expected. Add a "super like" option that gives more $.

The rate should be considerate of people with less means. Not everyone is from the 1st world. Maybe I am crazy but I would like to think that being poor doesn't disqualify you from Twetch

Make Twetch more accessible for new applicants.
Add "refill" function to replenish BSV, even if it's only $1.

Focus should be on maximizing volume. I recommend starting with cheaper fees, and adjusting from there. High volume and retention important.

I love the idea of a super like!!! and refill/boost idea.

Instead of it being called "like" or a "heart", maybe it should be a tip jar. You like something someone says, tip them. If you dont want to tip them but like what they say, comment an emoticon "❤".

Yea likes can cheapen up a bit

So it's like tipping a waiter? Reward for valued service?

I don't think that's sufficient to describe what a like is, especially when the Top feed is at least partially dependent on likes.

Thanks River ;)

The like should be considered as a reward for valued information. It can be any type of information. It is not for me to decide what someone else likes, it's their choice. How it is priced determines the overall usage of the like feature. This is critical.

I'm not seeing any discussion about what you're buying with a like.

Why should anyone even care what the price of a like is? What's the value in it? Just a vain, superficial thumbs up?

Until that is answered, you can't price it right.

I suppose it is for valued service. The person posted information I value so I reward them. It can be factual, inspiring, intriguing, helpful or just outright hilarious. It doesn't matter what it is. If I value it I like it at a reasonable cost.

So then, what is the "correct" price for that?

To step back though, is it actually a price? Are you exchanging with anyone, or are you giving them the money of your own free will?

This, I think, is an essential point.

I think that's correct, Steven, but there are some other trade offs involved. If you set a lower price, even if you can increase it manually, most won't do so.

The default becomes the "standard tip."

Matthew, a like is a signal of valuable content. Much like PoW. But if a like is too expensive, then all content that is valued for less than 10ct can't be liked. It's like minimum wage.

It will vary for everyone. I would prefer to see a super low like cost (worldwide adoption) with a user defined tip button.
Of course I am giving them money of my own free will. I have already benefited from whatever information the person has posted.

My point in all of this is... It's actually a really hard problem to solve well.

Merely saying it's too expensive isn't sufficient. You have to delve deeper.

"More valuable"? Doesn't work like that...

Low valued by many vs high valued by a few, can't be compared.

It's purely subjective.

5/6 cents a like I think.

What do you think is more valuable: one person spending more on a like, or more additional people liking something? The second is a much more accurate signal of value in my opinion.

I agree. Likes are the needed dopamine rush to incentive content (bait). Be evil without being evil lol

Agree. Or add more likes.

I agree with a default of 2 cents for likes and an option to set different values for like and follow.
Frog and Randy, you created a monster, our demands will never end, you are screwed :D

The relatively high cost of likes encourages discussion which is a better experience.

I personally prefer to see the like button customizable so that a price can be set by the liker, with a min. of 10c and no upper bound.

Nowhere did I say more valuable by definition Matthew. I asked your opinion and gave you my own. It's a thing of the market, and so far the market seems to agree.

Thats a good point for allowing any amount to set for LIKE. Im with you on that. Value is relative! Now we all know the LIKE is effective for dopomine rush which may entice content but would that incentivise low value content?

Custom amounts for likes will make it hard comparing likes between posts.

I also understand that yes, it encourages more interaction having a higher price for a like, and we are in the beta stage still so im sure it wont remain 10c when it rolls out to the general public.

You all make very fair points, but if we're talking about adoption people in 3rd world countries are not going to pay the 10c USD equivalent for a like I know that for sure. I really like the idea of boost/super like/tipping.

I must admit that I do restrict my usage here because of the costs. I'd even like this OT, but I'm skint at the moment and won't dip into my savings pot - the recent price action has made this worse as I bought quite a lot above current prices.

Mark is correct, however it's impractical to think poorer people will spend relatively large amounts to like and Twetch in the hope of receiving the same back. As the relative cost increases so does the risk and this is bound to hurt engagement.

Plus lower cost to like will increase transactions guys... haha

Fair point River, we should be helping those poorest, enabling them.

One thing I would say, if we think it is costly now at 10 cents, then your average Joe definitely will.

Poorer people do not need cheap Likes to use Twetch. I make money on Twetch and I use the Like and Reply features often. I have even posted memes!

My point is that if people in poorer counties provide value, then we won't need cheaper Likes.

Also Mark is correct, if you consider the full equation ‘Earning’ then the cost of one like isn’t great. It’s a difficult one. Personally I think 5/6 cents is better

There is no incentive to like anything in the first place.

Yours.org solved the incentive problem for "likes". If Twetch uses a similar reward system then 10c is not too much. Until then it is.

Think outside the box, we are not trying to replicate the old world.

Really, paying for every step you make is not even funny. Real world solved this long time ago, subscriptions from users or adds, and funding from publishers.
Paying for even following is very overboard.

It is an ever changing curve, though.

I think best bet is a default value of 10¢ and the ability to change it up or down to a minimum value.

But if if the top feed depends on like values, that becomes a way to game it.