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I wonder if a DAO would be possible, that distributes the ad revenue of a Reddit like system to the moderators of the forums. Writing the code seems to be not

by TekMol 4y ago

I wonder if a DAO would be possible, that distributes the ad revenue of a Reddit like system to the moderators of the forums. Writing the code seems to be not too hard. Advertisers could send funds to a smart contract which in return gives them a token which enables them to display ads for a certain amount of time. Each piece of ad revenue could be distributed to the moderators of the forum that generated it. Would there be any major hurdles for such a DAO to get traction?

ta988 4y ago
You don't need anything close to something that complicated.
- TekMol 4y ago
  I guess you mean a traditional Reddit clone could also pay the mods? I'm not sure. 1: It is quite a lot of bureaucratic work to set up a business that can pay small amounts to many people around the world. 2: Signing up as a mod would be way more complicated. There would be a KYC processes. A different one for each country. There would be VAT and invoice processes that are different for each country. Some countries could simply not take part. As there are many pairs of countries A and B where A has a law "Business with people from country B is illegal". 3: As a mod, you would always be living in fear that the company that runs the system kicks you out. And all your hard work (maybe of years!) goes down the drain. 4: Earning small amount of fiat money is also very annoying if you do not already have a business. Suddenly you have figure out all the complexities around how do declare taxes. It would probably usually not worth it for mods who are not already running a business.
  - bryan_w 4y ago
    If doing the world wide paperwork is too hard, then maybe they shouldn't be allowed to grow so large.
egypturnash 4y ago
Or Reddit could just pay some of their ad money to their mods. They already have all the stats on what ads are displayed where, and a functioning ad system, how is involving a shitty slow energy-wasting database run by a bunch of strangers going to help?

by TekMol 4y ago

ta988 4y ago

You don't need anything close to something that complicated.

TekMol 4y ago
I guess you mean a traditional Reddit clone could also pay the mods? I'm not sure. 1: It is quite a lot of bureaucratic work to set up a business that can pay small amounts to many people around the world. 2: Signing up as a mod would be way more complicated. There would be a KYC processes. A different one for each country. There would be VAT and invoice processes that are different for each country. Some countries could simply not take part. As there are many pairs of countries A and B where A has a law "Business with people from country B is illegal". 3: As a mod, you would always be living in fear that the company that runs the system kicks you out. And all your hard work (maybe of years!) goes down the drain. 4: Earning small amount of fiat money is also very annoying if you do not already have a business. Suddenly you have figure out all the complexities around how do declare taxes. It would probably usually not worth it for mods who are not already running a business.
- bryan_w 4y ago
  If doing the world wide paperwork is too hard, then maybe they shouldn't be allowed to grow so large.

egypturnash 4y ago

Or Reddit could just pay some of their ad money to their mods. They already have all the stats on what ads are displayed where, and a functioning ad system, how is involving a shitty slow energy-wasting database run by a bunch of strangers going to help?