Reddit Clone “ThunderMessage” Uses Bitcoin and Lightning Network for Upvoting and Downvoting

Reddit Clone “ThunderMessage” Uses Bitcoin and Lightning Network for Upvoting and Downvoting
фото показано с : btcmanager.com

2018-7-27 17:00

A new decentralized take on the popular internet message board Reddit allows users to upvote and downvote comments exclusively by sending small amounts of bitcoin instead of clicking on little green and red arrows. This effectively allows its users to buy popularity and on paper at least if not in practice, it incentivizes good posting behavior.

Meet the New King, Same as the Old King

While Reddit is often characterized as the dumpster fire of the internet because of its libertarian ideals and emphasis on free speech, ThunderMessage is in theory supposed to combat some of the less palatable elements of Reddit posting culture.

By making a post’s popularity dependent on actual financial expense instead of merely just the slight effort of clicking a button, the reasoning is that users will only want to spend their money on posts of higher quality, which in turn should encourage posters to put up high-quality content worthy of bitcoin upvotes. An article on The Next Web on this issue describes it as a ‘Decentralised Quality Filter principle.’

Conversely, the expense required to downvote a comment should provide a clear message to downvoted users that their posts are genuinely poor and in need of improvement. Mostly, the idea is that people only want to spend their money on things they feel strongly about, hence, in theory, ThunderMessage should be a healthy antidote to the infamous ‘shitpost’ culture of Reddit.

The material that currently dominates ThunderMessage is an almost exact mirror of that which governs Reddit – the Shitpost is alive and well on ThunderMessage. Instead of users to take the monetary expense required for upvoting and downvoting as an incentive to promote ‘good’ content, the board is overrun with the usual shitpost fest of mildly funny memes, penis doodles and Pepe the Frog.

(Source: ThunderMessage)

How it Works

ThunderMessage operates almost precisely like Reddit, with the critical difference being the upvoting and downvoting mechanism. Instead of clicking a tiny arrow, users spend One Satoshi (the smallest unit of bitcoin worth 0.00000001BTC) to vote a post up or down. To post messages, users must have a bitcoin wallet that is compatible with the Lightning Network, and every post requires a minimum of one vote to be published.

To get a post ranked higher with upvotes, users can then send more Satoshis, or conversely, downvote it into irrelevance with more Satoshis. In keeping with bitcoin’s libertarian origins, 1 Satoshi does equate to one like or dislike, which resonates well with the libertarian “money = freedom” school of thought.

Transactions are signed when users scan a QR code-based invoice on their smartphone wallet, and posts are then confirmed to go live shortly after. Being that this takes place on the Lightning Network, it is almost instantaneous.

The platform is doing well so far, with the expected rush of coin shills spending hundreds of dollars worth of BTC to promote everything from bitcoin cash to litecoin. What it has proven so far, is that the concept of decentralization, which has been touted as the obvious solution to many of the Internet’s issues may not entirely be the panacea it is made out to be. It has also proved that people do not mind spending a few Satoshis to indulge in some good old shitposting.

The post Reddit Clone “ThunderMessage” Uses Bitcoin and Lightning Network for Upvoting and Downvoting appeared first on BTCMANAGER.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67249.07 (+0.22%)
Объем 24H $24.627b
Изменеия 24h: 1.38 %, 7d: 10.84 %
Cегодня L: $66739 - H: $67313.92
Капитализация $1324.803b Rank 1
Цена в час новости $ 8127.99 (727.38%)

bitcoin reddit new allows users downvoting upvoting

bitcoin reddit → Результатов: 52


Фото:

Bitcoin Social Media Celebrates Reddit Sub r/Bitcoin 1M Subscribers

The Bitcoin forum of social media platform Reddit is celebrating a milestone of its own December 2 after gaining its one-millionth subscriber. u/CryptoBull007 Clinches Coveted Title While there remains little cause for celebration among the Bitcoin community in the ongoing 2018 bear market, growth in one sector of its economy is undeniable: the r/Bitcoin subreddit.

2018-12-3 11:00


Почему криптоиндустрия так быстро реагирует на отрицательные новости?

После очередных неблагоприятных событий, таких как взлом криптовалютной корейской биржи Bithumb и вмешательство японского регулятора в дела базирующихся в стране обменников, разочарованный пользователь блога r/bitcoin (раздел Reddit) задал вопрос о том, почему криптоиндустрия так быстро реагирует на отрицательные новости — курс биткоина за короткий срок упал ниже $6000 — и так медленно воспринимает благоприятные для отрасли сообщения? […] Запись Почему криптоиндустрия так быстро реагирует на отрицательные новости? впервые появилась Криптовалюта.Tech.

2018-7-4 11:40


Фото:

The Price Decline of Cryptocurrency is Trivial in Comparison to Venezuela’s Financial Woes

It is still believed cryptocurrency will have a positive impact, although it may not be in the form of Bitcoin or even the Petro. Venezuela and Nano Mix Well According to a recent Reddit thread, the financial situation in Venezuela is only getting worse. It is evident financial hardship has become the new normal in

2018-7-3 17:57


Фото:

Crypto Future Bleak Unless Investors Change

Just over a month ago, this writer posted an article that mooted the strong possibility of a trillion-dollar crypto market. At the time, the bulls were firmly behind the wheel. Under rosy skies Reddit’s co-founder predicted $20,000 bitcoin sometime this year; there were promising signs that Ethereum’s developers were successfully addressing some of the scalability issues […] The post Crypto Future Bleak Unless Investors Change appeared first on Crypto Briefing.

2018-6-19 19:14


Bitcoin Price Trend in 2018 is Nearly Identical to Previous Movements

Some cryptocurrency community members believe that a piece of historical technical analysis indicates that Bitcoin’s price could be headed upwards real soon. Historical Technical Analysis Methods: Wyckoff Method According to a post put together by Reddit user, “CryptoPorto,” Bitcoin’s price could be mirroring the hypothetical chart of a strong price reversal.

2018-6-16 09:30