RE: Q03 — What Do You Think About The SNAX Reward Algorithm?
Hi, @lighteye, I'm moderator of Snax.
Snax rewards from Steem start today may 23th https://twitter.com/SnaxTeam/status/1129803388923916289. Follow our news on Twitter to keep abreast of all news
Snax does not aim to replace existing social networks. Snax ideas - integration of blockchain, cryptocurrency and Dapps into society by building a fair cross-platform reward system for content authors. Today, people are comfortable writing posts on Twitter and Facebook, ok, we are trying to implement integration with them. Tomorrow other platforms will be popular, including decentralized, we will integrate with them. Our task in this matter is maximum user comfort. You can use those platforms that you consider safe and fair, our task is to give you the opportunity to receive SNAX using the networks you choose.
Let's leave the arbitrariness of politicians and corporations on the conscience of the legislation of specific countries where these violations occur.
You are talking about for receiving rewards Snax by fake accounts. How do you propose to implement it? Cheat using fake accounts (bots)? You yourself say that our https://snax.one/whitepaper.pdf describes a complex mechanism for calculating Attention Rate. You need fake accounts with high Attention Rate for their retweets to have a lot of weight. You can not just take a bot without subscribers, retweets and posts to cheat the rating of another account. Thus we get a vicious circle, you need bots that will promote bots, which will promote bots, etc. The question is why? Does it have any benefit? Isn't it easier to buy SNAX? Of course, you can increase your Attention Rate in an unfair way, but it is much more difficult than simply buying subscribers in any known social network.
My dear @sweetsnax, thanks for your reaction. Increasing your Attention Rate in an unfair way is not difficult at all. The infrastructure already exist on centralized platforms. Just look this fresh example:
https://petapixel.com/2019/04/26/instagram-sues-company-that-sold-likes-views-and-followers/
I’m trying to think about the consequences of the integration of SNAX with centralized platforms. Why wouldn’t we think together? Imagine, for example, a great SNAX success. You think they won’t ditch your crypto to install their own in that case? Does anybody think in that category? It would be wise to think beyond profit, to think about the World that we are creating and unintentional consequences of our work.
Watch for my next posts for other considerations and consequences of helping centralized media to manipulate their users.
@lighteye I do not argue that it is impossible to promote a fake account. The question is whether it will be economically feasible to get Snax Rewards. In addition, as I said, it’s not enough just to get subscribers, they should actively retweet you, their accounts should also be sufficiently promoted to have a high Attention Rate and add weight to your account. If you got several million followers on Instagram, it's easier for you to sell ads)
I think you understand the essence of our project a little differently. We are not the currency of Twitter or other social network. We develop our project, the rewards are distributed by open metrics, so the social network can not stop the payments. Of course, Twitter and other networks with which we plan to integrate can release their currency. You will receive two rewards both on Steem, their own and ours. We simply study the social activity of users on the platform and distribute tokens in appropriate proportions. The logical question is, why do we need it? Snax ideas - integration of blockchain, cryptocurrency and Dapps into society. Of course, we expect that as the number of people using Snax increases, our tokens will acquire a certain value. You can read about Snax economic in this article https://hackernoon.com/snax-social-transaction-and-why-sharing-is-caring-afc32c8f1646
Tell me one thing before we continue, @sweetsnax: Did you ask Jack Dorsey a permission to put a SNAX layer over Twitter?
No. We are not part of Twitter and we use only data that is freely available https://twitter.com/robots.txt. We do not need permission for this.
Neither did “Social Media Series Limited”, which had only consensual relations with its customers that were users of Instagram. They are being sued nevertheless.
Here is the fourth part of my little horror story :)
https://steemit.com/challenge30days/@lighteye/q04-where-do-you-see-the-price-of-snax-in-6-months-1-year-and-3-years-why