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RE: Introduction to VIVA, part 3 : How does it work?
This is a very exciting and exceptionally thought out concept, I have two questions you mention 7 votes a week and then refer to it as a daily vote, would someone who had cast 7 votes or more during the week but couldn't get online 1 day for whatever reason lose their dividend or would their previous votes act as a buffer?
Reputation decay for inactivity is a great idea but i am wondering about the rate of decay and if it would negatively effect great content creators or curators who say go on holiday, or have to take a little time off for whatever reason.
One other thing to make explicitly clear here.
We are not launching a competitor to steemit. Although the subjective proof of work system offers an option to upvote content on steemit via a plugin, so more of complimentary system than a competitive one.
I did gather that although with being new to crypto and steemit being my only experience it's hard to jump out of steemit thinking sometimes.
No worries, steemit has a revolutionary platform and it has some great ideas.
Subjective Proof of Work (the thing you do for the network when you upvote), was revelation for me perhaps more a revelation for me than actual Proof of Work. When I read about it and had some time to realize it's implications, it caused me to scrap a whole lot of projects that had far more convoluted systems.
I absolutely love it and want to make things better around here.
Ok so let me clarify. When we say reputation we don't mean steemit's version of rep.
This is more like a performance review...
"This person did their job well", only this isn't a person, it's a worker node, basically a labor proxy for you. An application running on your computer at home, that is supposed to be making money for you while you're out doing other stuff. But say your internet dropped out in the middle of you agreeing to be a network node for someone (this is automated, you enable or disable these things at your leisure and your worker node participates in what amounts to a spot auction). Anyways if the connection drops and your internet is flaky and unreliable, you're going to take a rep hit so you sort lower when people are looking for a reliable network node to use. However these things tend to resolve themselves and thus the decay to 0.
Content creation rep isn't part of viva per se, since content creation activities are handled on 3rd party websites with their own rep system, for instance steemit.
As for the voting, unless you're on the awards committee, your machine or you just needs to find 7 things a week to vote on. It can be 7 things in the same day or one a day or any mix. As long as the rolling 7 day total >=7 then you get your daily dividend.
Otherwise it's assumed you've dropped out and this frees up liquidity for people who are active.
But all you have to do is take care of whatever is keeping you from it, in order to jump right back in the action.
Nevertheless, this is done mostly through a labor proxy with the exception of chestnut press, which is a company I will explain in the next section.
Thanks for clearing that up for me William, I'm still pretty new to all this so it's quite a bit to take in hence the confusion on my part.
I'm looking forward to the next instalment and will do my best to keep up :D
Lol I know the feeling. It's a lot to take in. We're talking about changing the way people think about money in general and crypto specifically. Bookmark the pages, re-read them a few times and let them sink in.
What I've done here is taken an 80 page document, trimmed it to 20 pages by splitting out the actual technical specifics into their own whitepapers, and then distilled the remainder into concentrated form here.
It's exciting, but there's no rush.