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RE: Join The50 ! Weekly Members-Only Lottery, Funded by Members & Our Own Curation Guild [updated]
Who is in control of the the50 account? Who will carry out the payments (lottery wins)?
Who is in control of the the50 account? Who will carry out the payments (lottery wins)?
This account is only for announcements & coordination, and will not participate in the lottery. The lottery payments will go directly from each member to the winning member, chosen in the manner detailed in the post. We have to trust that all those who join will see the long-term benefit, and continue until all reach the destination .. and then set a new objective!
What`s the backup plan if members leave or do not comply to the rules? "We have to trust that all those who join will see the long-term benefit" is a bit optimistic, don't you think?
Edit: I suggest setting up a channel on Steemit.chat to talk about more details. I can think of a lot more qestions, e.g. regarding leaving the initiative a certain moment (at the end of a cycle?) and the rules for this etc...
It is an interesting idea but I think it needs a bit more thought and details.
I agree! @kurtbeil will be setting up a channel for us.
hello @okkiedot !
It is difficult to trust strangers, but we can trust that they are most-likely rational, and behave in their own self-interest. We want to attract and provide benefit to people who are here for the long-term, and only wish to increase their 'stake' .. their presence .. their power. We want the type of people that power up very STEEM they receive, every curation reward, as soon as they can, in order to be able to curate more effectively!
Remaining 'in the club' will only be of benefit, and increasing benefit, to each member.
But you are correct, if someone joins with malicious intent .. to scoop a lottery win and leave, well .. there will be the following consequence - 50 people will MUTE and blacklist them immediately. We would then ask them to return the STEEM they have won, sending it to @the50 for redistribution - if they show no signs of doing so, they could be subject to systemmatic downvoting, that overtime would result in losses that surpass whatever they may have scooped from us. This is why we want to have content contributors 'with something to lose', relatively speaking.
If members have no desire to continue they can transfer their membership to another person with the same or more STEEM Power holding that the departing member has, and the new individual can pick up exactly where the departing member left off.
I will set up a channel on Discord and post about it very soon!