DOGE POWER Trickle Up Ecosystem - Round #1

in Project HOPE4 years ago (edited)

dogeblog.jpg

This exercise is based on a fictitious blogging app called doge.blog built on the Steem blockchain. It would be similar to the Tribes in that it uses the open source Steemit condenser, but with the following modifications:

  1. The incorporation of a Dogecoin Wallet, which would allow you to deposit and withdraw DOGE from the app

  2. Create a developers' DOGE wallet address where all DOGE are stored for the purposes of withdraws

  3. Create a transaction - Custom JSON - that would record user DOGE addresses and deposits of DOGE into the system, which would then enable the blockchain to simulate those DOGE within the Steem system

  4. Create code for the transferring, withdrawing and powering up of those simulated DOGE, all as Custom JSONs

  5. Create a staking feature that would allow you to Power Up your simulated DOGE into DOGE POWER, much like we already have within the Steem system

  6. DOGE POWER does not gain interest, but allows you to upvote posts and comments

  7. All upvotes have a fixed value of 1% of the total DOGE POWER (DP) in your account, so someone with 100 DP would have an upvote equal to 1 DOGE

  8. Author posts and comments will generate an automatic self-vote

  9. All upvotes, whether Author or Curator, will transfer DOGE from your stake to the reward pool of the post or comment; so with the previous example, the 100 DP upvote would transfer 1 DOGE to the reward pool of the post, causing that user's DOGE POWER to reduce to 99 DP, and the post receiving the value of 1 DOGE; this also applies to the Author's self vote

  10. Reward distribution occurs after 7 days, like Steemit, but would be a 10/90 system, where 10% of the reward pool goes to the Author, and the remaining 90% would be spread out equally amongst all Curators, irregardless of what DOGE POWER they contributed to the reward pool

  11. If the post or comment does not receive any curation upvotes, all rewards are returned to the Author

  12. Power Down is set at 8 weeks

  13. You cannot delegate your DOGE POWER

  14. All DOGE or DOGE POWER is displayed with 8 decimal places

  15. You must have a Steem account to use this app

Let us begin the 1st Round of our experiment!

Staking

Account
DOGE POWER
User A1000.00000000
User B500.00000000
User C0.00000000

Actions

Account
Action
DOGE POWER
Reward Pool
User APost990.0000000010.00000000
User BVote495.000000005.00000000
User CVote0.000000000.00000000
Total15.00000000

Reward Distribution After 7 Days

Account
Reward
DOGE POWER
User A1.50000000991.50000000
User B6.75000000501.75000000
User C6.750000006.75000000

Questions:

As User A, would you be upset that you took a loss in your DOGE POWER, and perhaps Power Down and leave? Or would you be willing to overlook that loss knowing that your curators gained in DOGE POWER, and would be more likely to vote on you again in the future?

As User B, would you be upset that User C gained more DOGE POWER, percentage-wise, even though User C provided less than you to the reward pool? And seeing that User A took a loss in this Round, would you be reluctant to post?

As User C, would you be excited about the rewards you gained, and perhaps willing to promote the doge.blog app to your friends? Would you be willing to invest some DOGE of your own, seeing the excellent gains you made? And seeing that User A took a loss in this Round, would you be reluctant to post?

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excellent and great app, I'll take a look at it.Thanks for such good information

Thank you, but the app is fictitious! Perhaps you could consider the questions at the end.

Thanks for this post.

You got a 100.00% upvote from @minnowvotes courtesy of @famigliacurione!

This post was resteemed by @steemvote and received a 39.53% Upvote. Send 0.5 SBD or STEEM to @steemvote

This post has received a 35.25 % upvote from @boomerang.

 4 years ago 

Hello @famigliacurione.

Thank you for posting within our community.

Please spare few minutes and read how project.hope is organized and learn about our economy.

That would help you understand more our goals and how are we trying to achieve them. Hopefully you will join our community and become strong part of it :)

Do you use telegram or discord? If you do then join our server and give me a shout. I would gladly share with you goals of our community and introduce to others from our team.

Consider joining our discord server: https://discord.gg/uWMJTaW

Remember: No to content plagiarism!

Regards, @juanmolina
@project.hope co-founder

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