👉 24 hours after THE WEEKLY CHAT - Summary

💖 First of all I want to apologize for the late update for The Weekly Chat.

    Today was a busy day at my work and the summary of the weekly chat had to be very well        updated - I like to offer a lot of details for all the users that cannot join- so the time was            not my friend. 

This week we celebrated our 10th edition and that was the best we had. The number of attendants was a record and their interaction was great. More than that we had our special guest joining, the one and only EYAL HERTZOG - the CEO of BBS. 

We are so grateful that he supports us and the whole BBS community and is always coming with news for the BBS. He is a true leader by staying in contact with his community. We appreciate his engagement a lot and we thank him for everything he does to make this project grow. 

THANK YOU EYAL

What did he do in the Miami Conference?

Well he told us that he established a good interaction and connection with some important and known names that he does not want to share at the moment. Some upcoming partnerships are in discussion and all will be public at the right moment. A play role in this is the upcoming app. (At the moment BBS might be the only one web-app used by people and the real app is necessary). 

He became more active on twitter and more voicefull about de-monopolystation. At the end of this post I will attach a link to his short interview from twitter. 

So, when the app is on?

We got good information from him that this week there will be new updates regarding the search functionality on BBS and this will be together with some fraud mitigation tool in order to detect the fraud. The tool is called Elasticsearch and it will enable the visibility over how each user gaind revenue or provided revenue. How the revenue was generated and contemplating about how cashable rewards are distributed. 

He is giving an example : charge the calculation posts that are popular and earn a biger share than impressions- 80% of the revenue will be distributed to 20% of the post every day. So you can earn 3 times more than normal. 

This will help not to create fake impressions. 

Another tool that will help to detect fraud is the SOCIAL CAPITAL. 

What is this?

Social capital is a combination of the power of your account. It is a multiple of layers as how you signed up - Google, Facebook or Twitter ( they can search what is your social capital there), but also accumulate karma. 

This is interesting. 👇

Users with more karma give karma to other users and can generate revenue for them as well. 

''If a user with high karma is visiting your post, you would actually generate more revenue than a user with no karma is visiting your post'', says EYAL

In conclusion, KARMA can't fake it.

Only when those members start commenting to your post you start to have karma as well. So, a user with multiple accounts can't be  able to generate the minimum revenue for anyone. You can visit their social media but it is important the community's feedback or your community members with high karma. 

Users with high karma are maintaining that community's high level. 

He is happy to see that, lately  the number of communities are growing and also the number of interactions and discussions is high. 

The BBS price in Eyals opinion

He found it hard to answer. It depends on the DAO competitors and the upcoming competitors- this can shape the price of the tokens.

How many bbs members are there?

There are thousands, but not an exact number.

Binance listing and BCS staking 

There will be great for BBS to be listed on Binance, but no one knows anything about this. 

Regarding the stakin, Eyal advices that people that owns a big amount of BBS should take in consideration staking or moving them to an wallet. 

It is not a priority, but they are working on a solution for a cheeap staking that will aslo allow to stake on Binance Smart Chain. 

Can it be more than one ownership or admin?

1. Ownershiping - for each BBS there is a distribution engine:

- 20% for BBS owner

- 5% for BBS operators

- 5% for DAO

This distribution is happening as soon as possible as the money is deposited by the engagement mining or rewards , but also depends on anyone that has BBS tokens and advertises. The 30% is taken immediately when you deposit. 

Conclusion to this : it is possible to share the ownership and the profits can be shared between them - 10% each. 

2. Moderation and admins

 They are working to upgrade the system in order to specify exactly what each moderator is allowed to do with the permission of the admin. 

This is actually an upcoming update with a rapport sistem for the app. The app has to have a raport system to report content or users, in order to be approved by the app store.  The have already designed it, but are not coding yet. 

@Chass123 has her own community who recently was whitelisted and now she asks for advice from Eyal on how she can help the upcoming communities. 

There is  a process between the small boards to help each other and that works great. @Chass123 has whitelisted her board and now tries to support the other small boards to rise. 

It is amazing to see the unity between the boards. We can only do this  working together. 

Eyal suggested a webinar and building different bounty progress to bring new communities to the platform. He thinks this is an important cause to promote. 

Is more about how much you are in for the money or for the growth of that community. We need real communities and to find the best path to build them to produce value not only for the community members, but also for the outsiders. 

Another topics we have discussed at THE WEEKLY CHAT 

The Banter community is searching for more moderators from different countries with different time zones in order to restore the whitelisting process.

This time they need to do it in the right way and are searching also for suggestions about the whitelisting request criteria. 

Some of the suggestions for this request were:

✔ post 5 original post before asking to be whitelisted

✔ buy post and engage (some of the people they made $20 cashable for whitelisting just by buying posts – K_bloemen said that she has no problem for this and has a big respect)

✔ meaningful engagement

The copy paste post articles are still a huge problem on the Banter board.

On the @Chassp123 board the copy paste is not a problem anymore, just in case there are new members and they don’t know the rules.

There is actually a website where you can check and detect if a post is a copy or not. 

We want the  competitions back on Banter and hopefully will be reinstated soon. 

Dilema

Is Luke  Leveroke doing what is best for his community? Is he  a good or not a good example for the rest of the communities?

Eyal takes it as an experiment and that is a good way to learn from it. 

We are all curious how this will going on as Lukke Leveroke has banned many of his members for not posting each day. 

The relation between Eyal and Cryptomanran

Eyal is talking frequently with Ran and there are some good ideas on the way. The staff is discussing it and soon there will be an announcement.

Thank you all for participating and wish you a good week. 

Much love

Kryptokitty

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