Thursday, April 22, 2021

Building a new reward system (for subs - starting with r/btc)

Following Dave's post on read.cash, this new reward system is close to being ready. It takes the form of another bot (u/rbtc-tipper for r/btc) that collects funds for a semi-regular (averaging weekly) tipping event which will reward the top posts of a subreddit whose mods approve of this activity on their sub. Dave has already received approval from the r/btc mods.

The bot will collect funds into a single address that it has linked (like anyone else) with the chaintip bot. Funds can be donated publicly using chaintip on the bot's ~weekly tipping thread, or donated anonymously by sending BCH straight to this address.

The tipping event will be triggered based on the latest block hash so that the timing of the event is random and distributed around an average weekly tipping period. This will block the option of trying to game the system directly before the tipping event.

u/moleccc has already generously funded the address and supported the development efforts by u/Tibanne. If you would like to contribute something, tip this post using chaintip or send BCH here.

We'll be releasing more info tomorrow, this post is so that this bot can acquire enough karma to not be blocked by automated reddit captchas.


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