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I remember in 2017 in /r/dogecoin, we would tip each other thousands of doge (back then, it was 1/10th of a penny) for "such many random and much wow comment in

I remember in 2017 in /r/dogecoin, we would tip each other thousands of doge (back then, it was 1/10th of a penny) for "such many random and much wow comment in forum". This was achieved with a DOGE tipping bot. This idea will most likely work if Twitter starts supporting it as a first class feature. And maybe it will encourage people to speak about things that are valuable. Or maybe it will continue to encourage the Twitter mob to just tear the other side apart. I don't know.

lvs 5y ago
Ridiculously, I think the aggregate of tiny tips that people forever lost to that tipbot would be worth serious money now. Never would have imagined.
rawtxapp 5y ago
On the other hand /r/cryptocurrency introduced "moons" as tipping mechanism and the quality of the discussions went downhill really quick. Nowadays, there's lots of sob stories or random posts about how a person just bought in to some random coin, personal anecdotes, etc. I think whatever tipping is implemented needs to be pretty much worthless (aka mostly symbolic), otherwise, people will just spend a lot of their time just trying to game it. In many parts of the world, even making a couple dollars a day is more than they would make in their local economy.
- radicalriddler 5y ago
  This is just how those forums end up during these massive market increases (or bubbles if you so feel inclined). I remember back in 2017/18 /r/cryptocurrency it was a lot of sob stories and anecdotes mixed in with a bunch of pump and dump shilling.
- anonytrary 5y ago
  I, too, have noticed this in /r/cryptocurrency. Lots of posts that are just obviously trying to farm moons with generic popular opinions. Meanwhile, the mods are getting a salary in moons. Really interesting stuff, for sure. Back in the dogecoin days, this wasn't an issue because it was purely for the memes. Sending someone a few thousand doge as a meme tip cost you a few dollars at most, and that point the karma was worth more than the doge itself. Looking back, those tips now equate to thousands of dollars!
  - nasmorn 5y ago
    Like giving someone tulips as a present in 1637 and then finding out there is a tulip mania and had you grown new ones from the seeds you would be a millionaire. Some things never change.
    - tom_mellior 5y ago
      The famous 1636/1637 tulip mania (such as it was) lasted just a few months over the winter, collapsing in February. There was no time to grow anything in that period.
- meowkit 5y ago
  Well it did tone down the aggressive argumentation, shill shrieking, negative behavior, etc. in the subreddit. At the cost of what you already stated. People are being more performative and excessively positive/empathetic/comedic to farm moons. I mean it makes sense - a monetary incentive for good (at least superficially) behavior. Same as the physically world.
- CryptoPunk 5y ago
  Quality on /r/cryptocurtency was always very poor. Moons improved the quality, if anything, excepting the rise in sob stories you mention. Moons also allowed a lot of people to get paid for their Reddit activity. For people living in the developing world, this has in some cases been a life-changing sum.
  - trompetenaccoun 5y ago
    Nope, quality went down a lot with even more unfunny memes and reposts than previously thinkable. Moons made it worse, just like donuts ruined ethtrader (and even lead to most of the users leaving starting their own sub). Of course that won't stop reddit to roll crypto tokens out side wide.
    - CryptoPunk 5y ago
      /r/CryptoCurrency has never been more active, and while much of that could certainly be attributed to the recent price gains, going from 500 comments a day in Jan 2020 to 40,000 comments a day today is more than can be explained by just the price. So objectively speaking, CryptoCurrency is more appealing/engaging now than ever before. The only question is how much of that can be attributed to Moons. As for /r/EthTrader, the split happened before donuts were even launched, and that was due to a smear campaign that was run against them by a few influential users. EthTrader saw rapid growth in subscribers after donut introduction, and is today one of highest subscriber crypto forums. So I do think Reddit rolling out Ethereum-based ERC20 tokens site wide makes sense from an engagement perspective, and will also go a long way in enabling more decentralized and distributed ownership structures, that allow for more effective economic coordination. If Reddit successfully executes on the plan, it will also mean hundreds of millions of people having a new source of income.
pcthrowaway 5y ago
Not sure if you remember what happened with that. The creator of dogetipbot held the money that wasn't withdrawn, then eventually froze withdrawals and absconded with a possible fortune (they claimed they were burning it to pay for ridiculous server costs, but I can't imagine running it would cost more than $20/week unless it was horrendously misconfigured)
- capableweb 5y ago
  > but I can't imagine running it would cost more than $20/week unless it was horrendously misconfigured Oh boy do I have news for you! Todays technology evangelists always starts a new product with at least three instances running three docker containers each, on expensive EC2 instances where you even pay for the bandwidth that should be free. Doesn't matter if you've found a product market fit first, engineers will read the latest Medium posts and implement things before thinking if they really need it. I've stopped counting the number of times I've seen over-engineered systems simply because developers just jump around implementing stuff they seem fit without actually researching things. So yes, probably most of the infrastructure you visit today could have been more lightweight, but that's not what the people implementing said infrastructure aims for.
dusted 5y ago
I've tried giving away doge on that subreddit, most people believe receive addresses to be too private information to share, I managed to give out 10 out of the 50 I had allocated for the experiment :D
mcintyre1994 5y ago
That was such a fun community. I wonder how much the doge donated to the Jamaican bobsled team and that NASCAR sponsorship would be worth now. There was a pretty sizeable Charity:Water donation too.

lvs 5y ago

Ridiculously, I think the aggregate of tiny tips that people forever lost to that tipbot would be worth serious money now. Never would have imagined.

rawtxapp 5y ago

On the other hand /r/cryptocurrency introduced "moons" as tipping mechanism and the quality of the discussions went downhill really quick. Nowadays, there's lots of sob stories or random posts about how a person just bought in to some random coin, personal anecdotes, etc. I think whatever tipping is implemented needs to be pretty much worthless (aka mostly symbolic), otherwise, people will just spend a lot of their time just trying to game it. In many parts of the world, even making a couple dollars a day is more than they would make in their local economy.

radicalriddler 5y ago
This is just how those forums end up during these massive market increases (or bubbles if you so feel inclined). I remember back in 2017/18 /r/cryptocurrency it was a lot of sob stories and anecdotes mixed in with a bunch of pump and dump shilling.
anonytrary 5y ago
I, too, have noticed this in /r/cryptocurrency. Lots of posts that are just obviously trying to farm moons with generic popular opinions. Meanwhile, the mods are getting a salary in moons. Really interesting stuff, for sure. Back in the dogecoin days, this wasn't an issue because it was purely for the memes. Sending someone a few thousand doge as a meme tip cost you a few dollars at most, and that point the karma was worth more than the doge itself. Looking back, those tips now equate to thousands of dollars!
- nasmorn 5y ago
  Like giving someone tulips as a present in 1637 and then finding out there is a tulip mania and had you grown new ones from the seeds you would be a millionaire. Some things never change.
  - tom_mellior 5y ago
    The famous 1636/1637 tulip mania (such as it was) lasted just a few months over the winter, collapsing in February. There was no time to grow anything in that period.
meowkit 5y ago
Well it did tone down the aggressive argumentation, shill shrieking, negative behavior, etc. in the subreddit. At the cost of what you already stated. People are being more performative and excessively positive/empathetic/comedic to farm moons. I mean it makes sense - a monetary incentive for good (at least superficially) behavior. Same as the physically world.
CryptoPunk 5y ago
Quality on /r/cryptocurtency was always very poor. Moons improved the quality, if anything, excepting the rise in sob stories you mention. Moons also allowed a lot of people to get paid for their Reddit activity. For people living in the developing world, this has in some cases been a life-changing sum.
- trompetenaccoun 5y ago
  Nope, quality went down a lot with even more unfunny memes and reposts than previously thinkable. Moons made it worse, just like donuts ruined ethtrader (and even lead to most of the users leaving starting their own sub). Of course that won't stop reddit to roll crypto tokens out side wide.
  - CryptoPunk 5y ago
    /r/CryptoCurrency has never been more active, and while much of that could certainly be attributed to the recent price gains, going from 500 comments a day in Jan 2020 to 40,000 comments a day today is more than can be explained by just the price. So objectively speaking, CryptoCurrency is more appealing/engaging now than ever before. The only question is how much of that can be attributed to Moons. As for /r/EthTrader, the split happened before donuts were even launched, and that was due to a smear campaign that was run against them by a few influential users. EthTrader saw rapid growth in subscribers after donut introduction, and is today one of highest subscriber crypto forums. So I do think Reddit rolling out Ethereum-based ERC20 tokens site wide makes sense from an engagement perspective, and will also go a long way in enabling more decentralized and distributed ownership structures, that allow for more effective economic coordination. If Reddit successfully executes on the plan, it will also mean hundreds of millions of people having a new source of income.

pcthrowaway 5y ago

Not sure if you remember what happened with that. The creator of dogetipbot held the money that wasn't withdrawn, then eventually froze withdrawals and absconded with a possible fortune (they claimed they were burning it to pay for ridiculous server costs, but I can't imagine running it would cost more than $20/week unless it was horrendously misconfigured)

capableweb 5y ago
> but I can't imagine running it would cost more than $20/week unless it was horrendously misconfigured Oh boy do I have news for you! Todays technology evangelists always starts a new product with at least three instances running three docker containers each, on expensive EC2 instances where you even pay for the bandwidth that should be free. Doesn't matter if you've found a product market fit first, engineers will read the latest Medium posts and implement things before thinking if they really need it. I've stopped counting the number of times I've seen over-engineered systems simply because developers just jump around implementing stuff they seem fit without actually researching things. So yes, probably most of the infrastructure you visit today could have been more lightweight, but that's not what the people implementing said infrastructure aims for.

dusted 5y ago

I've tried giving away doge on that subreddit, most people believe receive addresses to be too private information to share, I managed to give out 10 out of the 50 I had allocated for the experiment :D

mcintyre1994 5y ago

That was such a fun community. I wonder how much the doge donated to the Jamaican bobsled team and that NASCAR sponsorship would be worth now. There was a pretty sizeable Charity:Water donation too.