> > Hi Freenet, > > I am working on development of witcoin.com site and will soon begin > working on an implementation to allow users to include one or more charities > in distribution of funds during activities that have a cost. > > Firstly, a brief explanation of the site: > > witcoin is a user-generated content site that allows users to post content, > reply to content and upvote content. Each of those actions have a cost > associated with them. The cost of the actions are distributed. > > As a user makes a post that costs 0.01 witcoins (1 witcoin == 1 bitcoin, so > also 0.01 bitcoins), that amount will be distributed equally to site > (dev/design team for the site) and the category renter. Therefore each of > these two entities will get 0.005 witcoins (to be further distributed in the > case of site) > > As a user replies to a post that costs 0.01 witcoins, that amount will also > be distributed equally to site and the category renter. > > As a user upvotes a post at a cost of 0.01 witcoins and is the first > upvoter, that amount will be distributed equally to site, category renter > and poster. > As a user upvotes a reply at a cost of 0.01 witcoins and is the first > upvoter, that amount will be distributed equally to site, category renter > and replier. > As a user upvotes a post or reply at a cost of 0.01 witcoins and there are > prior upvoters, that amount will be distributed equally to site, category > renter and poster or replier and all previous upvoters. > > That is the fundamental strategy used for witcoin. > > Soon I would like to integrate charity integration where charities can > establish a presence on the site and users can opt to associate one or more > charities to be included in the distribution of profits from their actions. > > So, for example, if a user selects Freenet to be included, then if they > post content which costs 0.01 witcoins, then that cost will be distributed > equally to site, category renter and Freenet. Thus, Freenet will receive > 0.00333333... witcoins. > Also example, if a user selects Freenet and one other charity to be > included, then if they upvote to a reply which costs 0.01 witcoins, then > that cost will be distributed equally to site, category renter, replier, all > previous upvoters (if any), Freenet and the other charity organization. > Therefore, if that was the first upvote, Freenet would receive 0.01 / 5 or > 0.002 witcoins. If that was the 6th upvote, then Freenet would receive 0.01 > / 10 or 0.001 witcoins. > > Ultimately, my idea for implementing integration of charity donations is to > help support various organizations that participate in the site as well as > to help promote the site, which in turn may help to establish more > donations. > > I haven't begun working on the implementation yet. First I would like some > feedback from others on their thoughts. Also, if you have any questions > that may not be suitable for the mailing list, feel free to ask in Freenode > #witcoin. > > l3estest l2egardedsness, > Miz >
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