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Crypto, tech & PC enthusiast. Community Admin of METABBS

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Cashable Balance vs Community Balance

Hey BANTER!  I recently shared this post in METABBS, and thought it'd be useful here as well. One of the most common things I see confusion about with users is the two balances shown in your internal wallet: The top balance, your Community Balance, shows the Community Currency funds you have to use within that specific board, in this the pictured example we'll use METABBS.  The bottom balance, your Cashable Balance, shows the amount of Community Currency you can withdraw and convert to BBS Tokens. Community Balance Community Balance is only used internally, within it's specific board, for purchasing posts. You can earn Community Balance from selling your owned posts and from receiving Bonus Rewards. Bonus rewards are given to promote engagement within a BBS and to allow interaction with the board without first depositing money. Bonus rewards are not representative of real monetary value, therefore neither is the community balance, but it allows a system to be created where users can speculate on the actual value of a post, which is the framework behind the BBS content curation system. By purchasing a post, and thereby helping curate content, a user provides value to the platform, so the user is rewarded by earning a share of the actual ad revenue generated by the purchased post (50%). 100% of the ad revenue earned from owning or publishing posts is added to your Cashable Balance. Cashable Balance Cashable Balance represents your share of the actual monetary value of the content you've owned (for the duration you owned it) or published through its ad revenue (possibly subsidized through the Engagement Mining program). This is the balance that can be converted to BBS tokens in order to obtain monetary value from the BBS Network, or it can also be used to run ad campaigns on the board. So by nature Cashable Balance is what users want to aim to increase the most, since that represents the value they've generated from ad campaigns run on the platform.  You can view a recent log of your revenue activity from ad campaigns on owner or published posts in the 'Revenue' tab of your profile: The button in the top right will bring you to the full list of transaction activity from your ad payouts. Hopefully this makes it a little easier to understand! The key points to remember:Cashable Balance is the amount of your Community Currency you can cash out to BBS tokens and represents the actual monetary value you've generated for the specific BBS. Community Balance is not representative of direct monetary value, and is used as a tool for price discovery in the BBS content curation system. You can use community balance to earn cashable balance by purchasing and owning posts. As always, questions and comments welcome!4y

Crypto Banter

BBS Purchasing for Publishers & Owners - Updated for the recent changes!

Post Publishers Every post created on the BBS Network is given a banner space. Advertisers, and the engagement mining program, can bid to lease the banner space on specific boards throughout the BBS Network. Post publishers receive 50% of the ad revenue generated by posts, paid into their cashable CC balance. Publishers also receive bonus rewards from posts in the form of thumbs-up bonuses and referral bonuses. Post Owners Every published post across the BBS Network is stored as an NFT, and can be purchased by any community member with the CC (Community Currency). New posts are available at the default initial price (currently $0.30), while anyone can purchase any post by paying the last price + 30%. Post owners gain 33% of the profit from new purchases along with their original purchase amount, while the remaining 66% is burnt. While a post is owned, 50% of the ad revenue generated from the post’s banner will be paid into the owner’s cashable CC balance. How is the money distributed when a purchase is made? 1st purchase - The initial purchase amount is burned 2nd purchase & beyond - The previous purchase amount is returned to the previous post owner, and the rest (the additional 30% above last purchase price) is distributed as follows: - 33% to previous post owner (in addition to their purchase price refund) - 66% of the purchase profit is burned for market stability4y

Crypto Banter

Earning with BBS & Economics Overview- Updated for 3.1

Earning with BBS There are three earning roles within a BBS community that members can fill: - BBS admins - The creator of a BBS - Post publishers - The creator of a post within a BBS - Post owners - Those purchasing and owning a post’s NFT BBS Admins BBS admins are those who create the BBSes (similar to creating and managing a new subreddit or a facebook group). Anyone can create their own BBS. Boards generate revenue from advertising in the form of BBS tokens, either from external advertisers or from the BBS Network Engagement Mining Program.  Engagement Mining is the fuel to the BBS ecosystem, a process in which 50% of the total BBS token supply is distributed over time to the different approved BBSes in the network through ad revenue.  For example: If a BBS has 10% of the total impressions of the entire BBS network, they will receive 10% of the total daily distribution of BBS tokens generated by the engagement mining program. When BBS tokens are deposited to a BBS, the royalty distribution engine processes the following: - 5% is distributed to the BBS operator - 5% is distributed to the BBS DAO as staking rewards - 20% (default) is distributed to the BBS admin - 70% (default) is distributed to the BBS cashier Post Publishers Every post created on the BBS Network is given a banner space. Advertisers, and the engagement mining program, can bid to lease the banner space on specific boards throughout the BBS Network. Post publishers receive 50% of the ad revenue generated by posts, paid into their cashable CC balance. Publishers also receive a share of the profits every time their post is purchased.  Post Owners Every published post across the BBS Network is stored as an NFT, and can be purchased by any community member with the CC (Community Currency). New posts are available at the default initial price (currently $0.30), while anyone can purchase any post by paying the last price + 30%. Profits from each purchase are split to the owner, publisher, and board/channel owner. While a post is owned, 50% of the ad revenue generated from the post’s banner will be paid into the owner’s cashable CC balance. Community Currency Bonus Rewards Community Currency bonuses are granted to BBS members to allow them to engage with the ecosystem without depositing funds. Anyone can join a BBS, receive CC bonuses, and use them to purchase post’s NFTs to allow them to earn a share of the ad revenue. It’s important to note that CC’s are not withdrawable beyond the member’s cashable balance, and bonuses do not affect a member’s cashable balance. - Join Bonus: $2.00 CC is awarded for joining a BBS - Visiting Bonus: $0.50 CC is awarded the first time a user visits a BBS each day - Purchasing Bonus: $1.00 CC is awarded for the first post a user purchases each day - Referral Bonus: $1.00 CC is awarded for every member that joins after visiting the referrer profile page or post. - Reactions Bonus: $0.50 for every 5 Likes on a published post/comment Cashable Balance BBS members also have a ‘Cashable’ CC balance. BBS members can cash out their Cashable balance to BBS tokens, the system fee is applied.. Unlike the main balance, the Cashable balance is only increased from impressions generated on owned or published posts. This ensures that only CCs that have been earned from actual generated ad revenue are able to be withdrawn to BBS tokens. All cash outs are processed via the board’s Cashier, which provides liquidity to a BBS to allow members to cash out their CC into BBS tokens. Each cash out is subject to the board’s system fee, which represents the shares given to the BBS admin, operator, and the DAO. Currently the default fee is 30%, with 20% default going to the BBS admin, and 10% to the BBS operator and DAO. Cash out Whitelist Once a BBS member reaches $20 cashable CC balance, they are eligible to request whitelist approval to convert their CC to BBS tokens. Once a request for whitelist is submitted, the BBS admin will have the opportunity to review a user’s activity to ensure no fraudulent activity was committed in the earnings. Once the user’s whitelist request is approved, the user will be able to process their cash out through the board’s cashier. If the cashier balance is too low to process the request, the user will be entered into the ‘cashier queue’ until enough funds are deposited.4y

Crypto Banter

Introducing a new Sourced CRYPTONEWS Channel! - Channel Overview & Rules

Link to Browse the channel: I know, I know. Another Crypto News channel. Why am I creating another one? - Simple, moderation. The current popular Crypto News channels are lacking in moderation, and are rife with plagiarism without crediting the source.  This creates a couple issues: - It hurts the source. If there's no link to the article itself, then the news platform reporting it has no way of generating interest around their article(s) when someone copies & pastes an article. This hurts the actual news publisher, due to their content being spread without actually linking to their site (which is where they get ad impressions and 'views' on their article). - It hurts discussion around the article. Many times users will copy and paste articles that have further discussions around the topics, yet without users being able to explore those links, discussion around the topic will be limited to only what was posted in BBS.  - Credibility - If a user copies and pastes an article without crediting the source, other users have no way of verifying that the information came from a reliable source. This brings us to the rules for the Crypto News channel: Rules - News articles posted MUST include a source (link) to the original news article - Posts that do not have a source included (unless original content) will be hidden. - Ideally try to provide your own opinion on the article, or summarize key points within the article during your post so it's not just a simple copy/paste.  - Post the source, post the source, and post the source! Welcome to the channel, and feel free to ask if there's any questions!4y

Crypto Banter

DAOs: Where humans may fail, AI could succeed - Cointelegraph

DAOs: Where humans may fail, AI could succeed Without robots, DAOs may never be more than a pipe dream, as fully automated DAOs eliminate the barriers related to human bias. Full Article:  Decentralized autonomous organizations (DAOs) offer a new way of organizing businesses in a non-hierarchical structure that encourages participation from every member of a community. With no central leadership and decisions made collectively, DAOs could revolutionize the way we think about work, but their implementation is not without challenges.  The term DAO is sometimes used to refer to a system of software processes that coordinates and operates itself in a fully automated way, relying on humans only indirectly via outsourcing specific pieces of work to them as needed. The classic example would be a blockchain-based network that sells file storage space or machine learning model training services, advertising its wares, renting hardware, accepting payment and so forth via automated scripts or smart contracts. The automated network could take care of every aspect of the organization — potentially, it could even include code enabling it to summon and pay a human accountant or lawyer when necessary. Another interpretation of the term DAO is as a mode of organizing network software processes that may be individually governed by humans, but where the overall network is controlled and guided in a decentralized way without typical formal corporate structures or management. In this sense, a DAO is a sort of collective, considered as an alternative to traditional corporate or non-profit structures, where members can be either humans or AI agents and are often only known to each other via rather opaque-looking IDs like cryptocurrency wallet addresses. Applications The DAO model is particularly viable in the crypto economy, which is based on decentralization and community participation. Unlike the traditional world, where small shareholders have no say in public company management, anybody can make proposals in DAOs and have them voted by the community of tokenholders. These decentralized, open-sourced communities are often very engaged and participative, discussing the company vision, roadmap and financials in free-to-access online communities. This level of participation ensures consistent scrutiny, removing single points of failure in companies’ management, as well as fostering bias-free decision-making. However, the DAO mechanism is not exclusive to the world of cryptocurrencies and could be used in any sphere of life where it is beneficial for multiple humans — or multiple software processes with different owners — to come together to undertake common pursuits. As the usability of blockchain technologies increases, creating a DAO should become not much more difficult than setting up a Google Group. Nevertheless, DAOs require a high level of education and participation, which is why there are currently no examples of fully decentralized and successful organizations. There are, however, organizations that are embracing this model and furthering their path towards decentralization. Metacartel is a good example of a semi-decentralized developer community; Aragorn has been successfully spinning off a number of DAOs and Compound is a good example of a DAO that might succeed over the years. A somewhat curious example is ConstitutionDAO, a single-purpose DAO (SPD) with the sole aim of purchasing the first copy of the U.S. Constitution. Although the experiment contained some design issues and (narrowly) failed its mission, it had the merit of raising DAOs to the attention of the media. Future developments The future looks bright for DAO projects. As remote working becomes increasingly common, DAOs will become a popular business model for the gig economy, meaning that a community of independently organized freelancers will be able to join and contribute to DAOs in a decentralized manner, without depending on a central leadership structure. A particularly interesting development of this business model will be AI DAOs, where a community of human participants votes for the AI agents that represent them in the DAO’s decision-making process, removing human bias. In this way, AI agents work collaboratively in a decentralized manner, reviewing and ranking each other. It is likely that many DAOs in the blockchain world will start their life as a network of software processes that are largely controlled by humans, but will progressively increase automation as AI, blockchain and other allied technologies advance. Moreover, the DAO structure will be the most beneficial organizational model for the first Artificial General Intelligences (AGIs) when they emerge. DAOs are more fundamentally and thoroughly democratic than other available modes of organization, and they intrinsically encourage cooperation and collaboration between humans and AI, which militates toward ethical AGI outcomes. Implementation challenges DAOs will grow naturally with community participation; the more people that get involved, the faster this model will start to take off. However, there are a few challenges to overcome before DAOs can become mainstream. The idea of decentralized non-hierarchical company structures is not new per se; cooperatives have been around for over a century and there are several examples of decentralized community decision-making processes. What is new is that we now have the technological tools to make this happen and to structure a system of incentives that encourages everyone’s participation. Legally, the core issue with a DAO seems to be that, when an organization is set up in this manner, there is not necessarily any one specific human or small group of humans that can be held legally liable for what the DAO does. With no CEO and no board, there are only voters who may well be anonymous and very difficult to trace or identify. Despite this, DAOs are becoming increasingly attractive to organizations that envision a future where every member of the community has a fair chance of having a voice. While there are still a few hurdles to overcome before they become pervasive, the future of work is set to be positively impacted by DAOs and there’s a strong chance that this model will gain momentum very soon. Key Points of the article: - DAOs provide a decentralized autonomous method for business organization. - DAO can refer to a couple different sub-systems, whether the organization is controlled autonomously, or collectively through a voting process of the DAO members. - The DAO mechanism is not exclusive to the world of cryptocurrencies and could be used in any sphere of life where it is beneficial for multiple humans — or multiple software processes with different owners — to come together to undertake common pursuits. - It is likely that many DAOs in the blockchain world will start their life as a network of software processes that are largely controlled by humans, but will progressively increase automation as AI, blockchain and other allied technologies advance. - Legally, the core issue with a DAO seems to be that, when an organization is set up in this manner, there is not necessarily any one specific human or small group of humans that can be held legally liable for what the DAO does. Personally, I'm of the opinion that decentralized business organization will take root past crypto networks, and we'll see DAO integration further into tech firms as time moves forward. Let me know what you think! For more information and related articles, check out the source: Source: https://cointelegraph.com/news/daos-where-humans-may-fail-ai-could-succeed4y

Crypto Banter

Coin68 Weekly Weekly (January 31 - February 6): Green New Year's Eve

The crypto market welcomed the New Year of the Tiger with a sharp bounce after a dismal two-week correction. In addition to Bitcoin's strong rise to nearly $42,000, altcoins are also releasing a lot of good news for a new year with lots of new potential. Let's review it all with Coin68 to make sure you don't miss any important news! 😉 📌 Coin68 Originals – Must-read articles – New Year wishes from Coin68 📺 Coin68 TV – DeFi Discussion ep.30: Le Thanh (Coin98 Co-Founder) – Keep an “open mind” to be ready to accept opportunities – Review: Experience CyBall – An extremely potential football blockchain game The focal point 🔥 Bitcoin surges to nearly $42,000 thanks to Bitfinex and MicroStrategy “bottom fishing” news – Wormhole cross-chain bridge on Solana was attacked, 325 million USD in damage – India will implement CBDC and impose 30% tax on cryptocurrencies – Axie Infinity comprehensively updated the reward mechanism in the game before Season 20 – The US House of Representatives simultaneously opened a hearing on stablecoins in February Big Cap – ETH gas fees down 53% in just 1 month amid market slump – Cardano (ADA) proposes to expand the block size – Vitalik Buterin Confirms Supporting Dogecoin (DOGE) Moving To Proof-of-Stake – Litecoin (LTC)  Launches Mimblewimble Upgrade – Solana (SOL) launches Solana Pay payment platform – Transactions and smart contracts on Tezos (XTZ) spiked – Internet Computer (ICP) announced the 2022 roadmap, bringing both Bitcoin and Ethereum to the ecosystem – Metaverse token grew strongly despite Meta (Facebook) stock falling into “crisis” DeFi _ – Over 1 billion USD of ETH was burned in the past month as the NFT market extended its hand to “save” Ethereum – USDC stablecoin expands to blockchain Flow – Polygon (MATIC) hits 7,000 dApp milestone, beating Ethereum’s daily trading volume – EOS sets the ambition to “upgrade” the platform through the DAO NFT , Games and Metaverse – NFT Bored Ape Yacht Club (BAYC) floor price exceeds 100 ETH, more celebrities buy – Coachella Music Festival opens for sale NFT – New Balance becomes the next sports “giant” to enter the metaverse – Meta loses 10.2 billion USD in profit to metaverse development in 2021 – GameStop established the NFT market, created a 100 million USD investment fund for the blockchain game segment Investments from large institutions – FTX floor valuation reached 32 billion USD after the latest funding round of 400 million USD – Grayscale Launches Bitcoin Indirect Investment ETF – Consensys acquired the MyCrypto wallet , the plan to merge with MetaMask “dominated” the Web3 wallet market – Solana's Phantom Wallet raises $109 million, launches mobile version – SAFU Insurance Fund for Binance Users Reaches $1 Billion – “Big guy” VanEck launches an altcoin-focused investment fund for the first time Legal and Reception ⚖️ – The US Treasury Department “revives” controversial crypto wallet regulation – Thailand abandons plan to tax cryptocurrencies after facing fierce “criticism” – The Russian government agrees to build a roadmap to regulate cryptocurrencies instead of banning , Russians “ hoard” $ 200 billion in crypto – Meta trademark registration for crypto services in Brazil – Tezos (XTZ) becomes the sponsor of sports training equipment for Manchester United Source: 4y

Crypto Banter

A Look at Cross-Chain vs Multi-Chain Interoperability & the Wormhole Exploit

Hey BANTER! With the recent Wormhole Exploit causing $300Mil+ to be stolen, I thought this would be a good time to look at some points for cross-chain vs multi-chain. Let's take a look at the Wormhole Exploit first: Some key points from the article: - On Wednesday, the decentralized finance (DeFi) platform Wormhole became the victim of the largest cryptocurrency theft this year — and among the top five largest crypto hacks of all time — when an attacker exploited a security flaw to make off with close to $325 million.   - The attack seems to have resulted from a recent update to the project’s GitHub repository, which revealed a fix to a bug that had not yet been deployed to the project itself. - Wormhole provides a service known as a “bridge” between blockchains, essentially an escrow system that allows one type of cryptocurrency to be deposited in order to create assets in another cryptocurrency. This allows a person or entity with holdings in one cryptocurrency to make trades and purchases using another, somewhat like being able to fund a bank account in dollars and then use a bank card to buy something priced in euros. - To carry out the attack, the attacker managed to forge a valid signature for a transaction that allowed them to freely mint 120,000 wETH ... without first inputting an equivalent amount. So at it's core, there was an exploit found in a frequently used cross-chain Bridge. This type of security vulnerability was even talked about by Vitalik earlier in January: Basically, Vitalik makes his point that he's pessimistic of Cross-Chain interoperability due to the security limitations of bridges themselves. Since the bridges have a different layer of security than the chains they operate within, it provides a point of attack for bridges with enough liquidity locked. The Wormhole exploit doesn't follow the exact mechanics Vitalik laid out, but it still shows that bridges are a potentially vulnerable aspect of the security layer. As bridges grow and become more common, they will become more 'valued' targets of attack. I imagine as cross-chain interoperability is developed we'll see more exploits & hacks targeting bridges. This is also why I'm so BULLISH on Polkadot, as they provide a way for cross-chain interoperability without the need for bridges. Updates to the protocol happen fork-free via transparent on-chain voting, so protocol development never stalls due to the lack of a clear process. The relay chain uses a sophisticated governance mechanism that is designed to establish a transparent, accountable and binding process for resolving disputes and upgrading the network. PolkaDot uses the Relay Chain in order to handle protocol inconsitincies and to form consensus between chains. Meaning instead of having several bridges vulnerable to attack, you'd have to attack the DOT Relay Chain in order to even have a chance of hacking or exploiting the network, AND even if someone does manage to exploit it, they would still have to process transactions that fall within the consensus of cross-chain data; meaning you could revert transactions but not double spend or 'steal' coins like you could otherwise. I urge people to take care when using cross-chain Bridges, as they will be increasingly valuable targets for blackhats moving forward. Stay safe out there, BANTER!4y

Crypto Banter

Self-Purchasing Posts to Artificially Inflate Price - We Need Clarity

Hey BANTER! I wanted to talk about an issue I see more and more prevalent in the BBS communities: Self-purchasing already owned posts in order to artificially inflate the value. Here's a post that did just that in order to instantly hit the 'Hot' page for higher relevancy. Let's take a look at the 'Activity' to see how many purchases were made organically vs artificially In the above photo, you can see a user purchasing his own post CONSECUTIVELY in order to inflate the starting price of the post. This causes the post to be immediately lifted to 'Hot' if enough is spent to increase the starting price. This opens up a problem with content curation though, users who have established balances can simply 'vote up' or purchase their own post over and over again in order to establish higher relevancy and engagement with said post. This however goes completely against the concept of community content curation, as users with bigger wallets can simply purchase their own post to establish higher visibility.  @CryptoSovereign not trying to call you out specifically on this haha, just was the first example that popped up for me. My point being from this, is that we need some clarity on whether or not this is an acceptable practice in the eyes of BBS Network. The DAO will have the ability to blacklist BBS boards who engage in fraudulent activity, and manipulation of post visibility and purchasing could be construed as fraudulent activity depending on how BBS Network views it. In my opinion, BBS Network should just completely block the ability to purchase a post if you already own it. I believe that's on the list of their things to do, as the METABBS board has specifically hidden posts because of this before. It would be great if we could get some clarity on this from admin users or the devs! I would personally recommend admins of boards ban this kind of behavior as it promotes an unhealthy content curation system. EDIT:To be 100% clear, I see no issue with owning your own published post. The issue I'm trying to draw attention to is only CONSECUTIVELY purchasing ALREADY OWNED posts in order to inflate the value.4y

Crypto Banter

ETH Gas Fees Drop 53% in Just 1 Month Amid Market Slump

Ethereum's average transaction fee has dropped to a 20-day low as investors lose confidence in the current market. In the midst of a bear market, the average transaction fee of ETH, which was previously very “expensive” has also recorded a strong reversal signal, is fluctuating around 0. 0096 ETH, equivalent to 24.64 USD. The average ETH fee hasn't been this low since January 1, 2022, when ASF hovered around $25.75 per transfer. Comparing from Jan 10 at $52.46 per transaction, ASF is currently 53.03% lower. Besides, the median fee (MSF) on Ethereum is also significantly lower, as the MSF on ETH on January 10, is $29.92. Statistics show that MSF on Ethereum is in the range of $8.37 to $10.82, 63.83% lower than the index in the above timeframe. The median is often used instead of the mean when there are outliers in the data series that could skew the mean. However, projects that scale up layer 2 (L2) have the opportunity to express themselves at a very affordable fee. According to data from Ll2fees.info, Polygon Hermez is the cheapest L2 protocol today with $0.25 per transaction. Next is Loopring (LRC) with $0.29, Zksync ($0.37), Optimistic ($1.21), Arbitrum ($1.73) and Boba Network ($1.74).   However, the decrease in gas fees always brings two-way signals to investors. Because the market all dropped at the same time, the price of ETH was also seriously affected, so users can buy ETH at a cheap price for fees, easy access and broader experience in the DeFi space. or NFT. On the contrary, this is also a sign that traders are no longer satisfied with the current market picture, their interaction with the ETH ecosystem is not as active as before, even retreating from the current market. This will cause negative sentiment on the ground, preventing the recovery and growth of ETH in the near future. My money's on Vitalik launching the first 2 phases of ETH 2.0 in 2022, which would push the system to Proof of Stake and include sharding. This would not be the full ETH 2.0 rollout, but the core of it is planned to be implemented later in the year. Loopring is also poised to become a great L2 solution for Ethereum moving forward, though it'll be interesting to see how L2 solutions fare in the coming ETH updates!4y

Crypto Banter

BANTER Cashier Queue CLEARED!

Hey BANTER! Recent update from Eyal has cleared the majority of the Cashier, AND we're looking back at proper 30% fees! We can look at the blockchain data and see exactly how many tokens were issued to the BANTER Cashier: With this, we should see a much more stable cashier system moving forward! I'm planning a review of these updates in greater detail, but wanted to share the good news and the blockchain data behind it!4y

Crypto Banter

BANTER Cashier Queue at 959 (at this time) - DEEPDIVE into the Blockchain Data

Hey BANTER! In my further search for solid knowledge about BBS, I finally found the blockchain transaction data that BBS runs off of. I wanted to take this opportunity to take a further look into the Casher mechanics. So the last Cashier balance fill was at 5:01:08 PM my time on Jan 26th.  If we look at the account that handles the actual data for posts and balances, we can find that same time frame and figure out what the mechanics are behind the cashout. You can see here each USERID that got a payout from the cashier, and what it was worth in both BANTER and BBS Tokens.  We can see here that the queue currently has 959 withdraws to complete, for a total of 385,963 BBS. At a fill of 3,000 BBS for each Cashier balance fill, it would take about 128 Cashier balance fills in order to clear the current queue. Eyal has mentioned an upcoming update to address the Cashier balance, and I'm curious to see what the solution to the current backlog will be. BBS Network blockchain data account: BBS Engagement mining account(doesn't only handle engagement payouts but thats the main use currently): Having this blockchain data is a great tool for ensuring BBS Network stays as transparent as possible.4y

Crypto Banter

🎉 BBS Network FEATURED My Post on Twitter! 🤩 A Compilation of My Top Posts to Celebrate! 🥳

Hey BANTER! To my surprise BBS Network featured my 3.1 Cashable mechanic explanation post in a tweet, was awesome to find out! I wanted to put together a list of some of my most helpful posts so far! This one's the Cashable Mechanics explanation for BANTER, it's values are tweaked for the average CPM here (currently $100). Here we have a Cashier Mechanics Explanation for 3.1! Cashable Flowchart infographic for a quick explanation!   This one, in my opinion, is a relatively easy implement solution to help with new content curation and engagement with NFT Purchases. The full thing is a long read, but skip to the bottom NFT Purchase Mechanics for a summarization of my suggestion. Late Edit Addition: BBS Welcome Infographic (Updated for 3.1) What do you think needs some explanation? Want do you want to see improved with BBS Network?  Let me know!4y

Crypto Banter

BBS Update 3.1 💰 How I Hit $20 Cashable in 2 Days! 💰

Hey BANTER!  It's been 2 days since the 3.1 Update released and I just hit my $20 cashable minimum! Before the update I had slowly grinded for about a week only to hit about $1.8 "cash-out". With the new 3.1 Update it's been MUCH faster! 4 posts alone have skyrocketed my Cashable limit! I put a significant effort towards my posts, and it definitely shows in the revenue gained from them. These posts are ones that I've created to help the community better understand the mechanics behind the platform, so creating content that will hold relevancy for an extended period of time is your best bet to generate a consistent flow of impressions. Let me know how the 3.1 update has been for you!4y

Crypto Banter

BBS CASHABLE 💵 FLOWCHART! How To EARN With BBS - Updated for 3.1!

Hey BANTER!  New update, new 'Cashable' mechanics! Let's see the flow! Think of any other frequently asked questions that could use a handy image? Let me know!4y

Crypto Banter

BBS CASHABLE Mechanics Explanation! 🚀 Targets to Hit for 3.1!

Hello BANTER! I wanted to update the stats with the 3.1 update for the needed $20 Cashable balance for users. In order to hit the $20 Cashable withdraw minimum, you need to get impressions on owned or published posts. How many impressions are needed with the 3.1 update? Ad revenue from impressions is sent 50/50 to Owner/Publisher, and the value is based off of the current top CPM bid. As of writing this, it's at $100 so that's what these figures will be based off of. The formula for revenue from 1 impression is (CPM)/1000.  With a $100 CPM, $0.10 is rewarded for every impression, with $0.05 going to the owner of the post, and $0.05 to the publisher. From here with the 3.1 Update you get 100% of Ad Revenue directly into your Cashable Balance, which would be about an average of $0.05 per impression on an Owned OR Published post.  $20 is the minimum to withdraw for the first time. So we can figure at current CPM levels you'd need 400 impressions on owned OR published posts to reach the $20 minimum. My tips for people would be to try to publish solid engaging content, and if possible try to own your own published posts to increase the ad revenue split you get from the payout as it will increase the average for your payouts (i.e. if you own every post you publish you'd only need 200 impressions). It's important to remember that the revenue you gain is based off the CPM values, so try to get activity on your posts during times when high CPM ad campaigns are being ran. The team here at Banter runs $100+ ads pretty consistently! TL;DR: Roughly 400 impressions needed at current ($100) CPM levels for Owned OR Published posts to get the $20 minimum Cashable balance. Owning your own published posts will increase your net gain since both splits go to you. Good luck, and spread the word about the community so impressions are easier to hit!4y

Crypto Banter

BBS Update 3.1 - Cashier Mechanics Explained!

Hey BANTER! The recent patch notes are out and we've some solid changes! It doesn't say it directly, but the Cashier mechanics are explained here. The cashier allocations are set within the 90% designated fee. This means that the ad revenue flow is a bit different. The Ad Revenue flows 50/50 to Owner/Publisher and further splits are allocated via the Cashout mechanic. Meaning the Cashier/Board/Devs get their cut when you get through the Cashier Queue and BBS tokens get deposited to your account. "the fee will be reduced gradually toward 30%, reflecting the 10% royalties to the BBS operator/software + 20% royalties to the BBS owner" We can see within this statement that they plan to allocate these via the Cashout mechanic, instead of having it split the revenue BEFORE sending it. This means that Owners and Publishers of NFT's will receive 100% of the ad revenue, and Dev/BBS Operator don't get their cut until the BBS tokens are deposited. TL;DR: Cashier Balance is the reason why it's taking 90% right now, in order to fulfill the backlog of the Cashier Queue. Future changes will tune this towards 30% fee to support system balance. JUST DON'T CASHOUT UNTIL THE FEE IS REDUCED! You are getting 100% of Ad Revenue to your cashout balance, so as long as you don't withdraw yet you won't have to deal with the 90% fee. If anyone has questions about these changes I'd be happy to help dig through notes!4y

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🌕 Welcome to BBS Infographic! How to get started and EARN! 🚀 BBS NETWORK

Hey BANTER! I thought I'd go a little more general with this one! Hope it helps, and let me know what you think!4y

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BBS Cashout INFOGRAPH! How To EARN With BBS - Outdated for 3.1, update soon! -

Updated version here!4y

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Polkadot price analysis: DOT recovers $18.00 support but can the bulls hold on?

TL;DR Breakdown - Polkadot price analysis suggests sideways movement below $20.00 - The closest support level lies at $18.00 - DOT faces resistance at the $19.00 mark The Polkadot price analysis shows that despite the strong bearish activity, the bulls are able to fight back and have recovered from the lows of $16.17 to the current level above $18.50. However, strong bearish pressure still weighs on the price action making upwards movement difficult. Across the technical indicators, the MACD is currently bearish as expressed in the red color of the histogram. Furthermore, the recent crash of the entire cryptocurrency market suggests further downwards movement as the selling continues. However, the lighter shade of the histogram suggests a declining bearish momentum as the bulls fight back to recover to the $20.00 mark. Polkadot will be one of the best performers of this crypto winter. Are you bullish or bearish on DOT for 2022?4y

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Game Theory: NFT Purchases and How They Can Be Improved - BBS Network - We Need Changes!

Game Theory and How It Applies to BBS BBS aims to provide users with a decentralized social media platform that incentivizes both users and creators to share in the ad revenue of the network. Game Theory for BBS in it's essence should promote quality content with high engagement to promote further 'impressions' for ad revenue. For the most part, recent changes aim to push towards exactly that. A cutback on how low effort 'clickbait' posts were rewarded was seen. It's no longer enough to get a ton of likes and no engagement. However I believe there's a flaw with the current iteration with regards to game theory. Users have little to no incentive to browse new content to curate quality posts. What do I mean by that? Currently, there are two sides to incentivization: Content Creation and NFT Purchasing. I believe a strong step was made towards Content Creation incentivization. I've seen low effort posts get purchased less, and a higher demand/price expectation for quality content. However NFT Purchases favor power users and in effect hurt content curation. Look at the top 'Hot' posts, they'll be primarily owned by a few power users who dominate the available NFT purchase funds. This means that impressions and therefore revenue from new popular posts will primarily collect within those same power user's accounts. Popular post prices are rising, but new users looking to gain value by purchasing will be disappointed. Posts that will get a lot, or even a decent amount, of impressions will quickly be bought up to a level new users won't be able to purchase. New users will be left with low effort posts that may get or two impressions before fading away, or if the post takes off and begins getting impressions it will quickly sell above what they can afford, with new impressions going solely to the new buyer and leaving the original purchasers left with only a couple of impressions. What does this mean for content curation? There is virtually no incentive for users to curate new and promising posts. Taking a look from both sides: Users who have high funds can simply wait until the post is already gaining traction and dominate the purchase of the post when it gets high enough. New users or those with low funds can only fight for scraps that may get a couple impressions, but statistically their time would be spent better elsewhere. But WHY does this happen? 2 main reasons: Bonus funds and NFT Purchase Mechanics Bonus Funds:You receive bonus funds daily and from likes. ($0.50 each day for visiting, $0.50 for every 5 likes). Bonus funds do not go towards cashout limit, but you CAN buy NFT's. Popular established users will naturally get more likes by recognition of content, enabling them to establish their purchasing funds even further to acquire popular posts: which will in turn provide them with more purchasing power AND cashout limit. Putting a cap on the daily limit on bonus funds from likes per day would prevent further consolidation of purchasing funds to power users. NFT Purchase Mechanics Current mechanics do not allow 'Holding' a post after purchase, regardless of whether you would want to pay, meaning no matter what you'd like anyone can come and purchase a promising post you just picked up. That being said, allowing any user to just hold any post they'd like permanently could cause stagnation of purchases in general as an attempt to hold ad revenue, but there is a balance able to be struck. Lengthening NFT Auctions Putting a timer before NFT's can be purchased again would allow holding onto content for a reasonable amount of time before giving it up again. The timer itself could be lengthening in time, i.e. the first purchase is made 1 minute after the post, second purchase 5 minutes after that, etc until X hours/purchases, with the final purchase being permanent, the owner retaining the NFT and control completely. Bids could be placed on the NFT during the purchase lockout period, with the purchase going to the highest bidder within the selected timeframe. The effect of this would be threefold: - It would incentivize engaging and curating new content for both power users and new users. - It would extend the time relevancy of posts by having users keep an eye on posts they're interested in bidding on or have secured, extending the posts activity throughout the bid process(es). - It would allow users to retain posts after a long enough time, giving an urgency to buy promising posts and allowing users to hold onto ones they feel promising enough to hold on to. Let me know your thoughts, but I think a simple version of this would be relatively easy to implement on top of current systems compared to requiring huge dev resources for a new method entirely as I've seen some suggest.4y

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