Peck by twetch#673

1PBarv…BkHq Key · twetch

Since I don't own mining equipment, what is the difference between the costly signal of paying matterpool as a costly signal vs paying Baemail/the recipient as a costly signal?

What the chain says

Transaction: c7a9bc75ccb9e4dca1dab3e91b172714560de7e98b23bc4c1996f3424d2c9bfd
Block: 632 608
Time: 2020-04-28T20:24:59Z
Signer: 1PBarvUcnaJ8ETPsUdSwz6fJSchHxfBkHq
App: twetch
Type: post
Content type: text/plain
Name in tx: twetch#673

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1PBarvUcnaJ8ETPsUdSwz6fJSchHxfBkHq Verified

Replies (20)

twetch#622 6.4y

1Eyk15…d43C Key · twetch

Replying to@1PBarv…BkHq

There's one subtle difference...

If you operate Baemail, you could game the system.

This gets more interesting under other circumstances, too...

twetch#622 6.4y

1Eyk15…d43C Key · twetch

Replying to@1Eyk15…d43C

Let's say you pay a costly signal to draw attention to your content.

If that costly signal is paying the content producer, it's a false signal. No real cost was paid (or, the cost was small compared to the size of the signal.)

twetch#622 6.4y

1Eyk15…d43C Key · twetch

Replying to@1Eyk15…d43C

If, however, the signal requires mining, whether that's paid for or done for yourself (some subtle differences there, too,) then you can't reliably pay yourself that way.

twetch#622 6.4y

1Eyk15…d43C Key · twetch

Replying to@1Eyk15…d43C

However, if your costly signal is tied to content filtering (higher cost => higher attention,) but the profit is tied to attention rather than judgment of the value, you get into a situation where "aggressive mimicry" comes in...

Continue thread →

twetch#523 6.4y

1JJQeM…ud3X Key · twetch

Replying to@1PBarv…BkHq

cc @315 @205 @24

twetch#3375 6.4y

1Abd9y…ujrm Key · twetch

Replying to@1PBarv…BkHq

Someone can accept payment for emails without actually reading them. With proof-of-work, it's the recipient's incentive to set the difficulty to the point where they want to read everything they get.

twetch#673 6.4y

1DCqB8…QjKV Key · twetch

Replying to@1Abd9y…ujrm

As the recipient it is in my interest to get the payment that would otherwise go to a mining pool to attach that PoW.

twetch#3375 6.4y

1Abd9y…ujrm Key · twetch

Replying to@1DCqB8…QjKV

Yes but it's not in the sender's interest to use that system as much. PoW aligns the interest of both parties.

twetch#673 6.4y

1DCqB8…QjKV Key · twetch

Replying to@1Abd9y…ujrm

It is in the sender's interest to do what is in the recipient's interest, if the sender wants to maximize the chance that the recipient reads the message.

Continue thread →

twetch#1784 6.4y

14QXph…wJdx Key · twetch

Replying to@1PBarv…BkHq

Matterpool is a bitcoin miner. The same infrastructure will be mining Boost+Bitcoin seamlessly soon. Regular users will not know or care who mines them.

Regarding the costly signal.... if you pay a fee to someone - how does it provide you "went without?"

twetch#1784 6.4y

14QXph…wJdx Key · twetch

Replying to@14QXph…wJdx

Sending message options:

Message with bitcoin value attached to recipient
Boost a message (showing how much energy was spent)

Both options provide different benefits/drawbacks. For ex, Option 2 does not allow receiver to just take the money.

twetch#673 6.4y

1DCqB8…QjKV Key · twetch

Replying to@14QXph…wJdx

But it seems that there are other solutions to the "went without" problem than (2) that also provide a benefit to the recipient.

I think I'm just failing to see what benefit PoW provides to people outside of Bitcoin students.

Perhaps I'm wrong, though.

twetch#1784 6.4y

14QXph…wJdx Key · twetch

Replying to@1DCqB8…QjKV

That's a good question.

Non-bitcoiners are already familiar with "Boosting" or "promoting" a twitter or FB post. They can see Boost POW in a similar way.

For 1:1 messages.... Boost will serve more as a spam filter I think.

twetch#673 6.4y

1DCqB8…QjKV Key · twetch

Replying to@14QXph…wJdx

Also - I used Matterpool as an example just because they are doing this today. I think the same thought experiment applies to any miner.

Post by twetch#673

Replies (20)