Author Topic: Turn your reddit karma into cash: Karmatocash.com  (Read 4207 times)

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Offline fluxer555

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Please play this as a "fun experiment!" and be clear it is promotional in nature and its because we love reddit. Don't be too aggressive with it.

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Offline toast

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Please play this as a "fun experiment!" and be clear it is promotional in nature and its because we love reddit. Don't be too aggressive with it.
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Offline fluxer555

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It would be useful to get stats about the karma levels of all redditors... is this easily obtainable?

Offline Rune

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This is awesome!


There needs to be a reasonable maximum value.  Some people have a LOT of karma.  We dont want to have a few people eating up our entire budget.  I think the main goal of using karma is to ensure that people dont abuse the system with fake accounts.


Perhaps the amount awarded could have a logarithmic function involved?

For example, maybe you get 1 bitUSD for 100 karma, and then +1 bitUSD for every doubling of your karma?

That way someone with 1000 karma would get about 4 bitUSD.  Someone with 100000 karma would still only get 11.

I like the idea of logarithmic reward, it's a really elegant way to solve it.

Otherwise I was thinking of giving it a linear hard cap, such as 10 USD, and all karma beyond that would be rewarded in a vanity UIA that can be exchanged for reddit gold or something like that, similar to the YUN asset the chinese community is using. If we also got a tipbot it would now (sort of) be possible for redditors to tip their karma to each other.

Offline Ander

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This is awesome!


There needs to be a reasonable maximum value.  Some people have a LOT of karma.  We dont want to have a few people eating up our entire budget.  I think the main goal of using karma is to ensure that people dont abuse the system with fake accounts.


Perhaps the amount awarded could have a logarithmic function involved?

For example, maybe you get 1 bitUSD for 100 karma, and then 1 more bitUSD for every doubling of your karma?

That way someone with 1000 karma would get about 4 bitUSD.  Someone with 100000 karma would still only get 11.
« Last Edit: December 17, 2014, 10:39:14 pm by Ander »
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Offline Rune

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Hey everyone. As some of you might have seen, Valentine has been developing an interesting faucet coupon system that allows us to use 3rd party social networks for faucet authetication to make account registration really easy faucet.bitshares.org), and use them in innovative marketing campaigns.

The first idea we've come up with is to use it to attempt to go viral on reddit with the simple question: What if you could turn your karma into real money?

karmatocash.com will be a website where you can authenticate with your reddit account, and then get a quick introduction to bitshares alongside some crisp internet cash (bitUSD) in proportion to your comment karma. Now your internet points will finally have real world value!

If stakeholders like the idea, then it will be funded through a delegate that will be launched alongside a number of other marketing delegates from nullstreet (details are still being worked out on this). If the reddit faucet turns out to be a success and gives a positive ROI, we can try with other interesting marketing campaigns based on the faucet idea, such as a github "tip4commit" that rewards you with bitUSD based on number of commits, or a twitter faucet that pays users for retweets. The faucet infrastructure can also be used for referral systems.

Just a heads up to let you hear some of the ideas the community marketing team is working on, and so we can put this in the update tomorrow. Any feedback will be appreciated!