How would you feel about awards on lemmy? (lemmy.world)

submitted 1 year ago by lesnake@lemmy.world to c/fediverse@lemmy.world

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Fact is, the Lemmy ecosystem needs money to handle the growing server reqirements as more people migrate as well as the development cost of new features (I know Lemmy is OSS but the devs should still get some compensation for their effort).

Seeing how much some reddit users love awards so much that they cant stop giving money to Reddit to award posts protesting the api change, this could be a great way for users to voluntary support the ecosystem. It can be easily ignored by users not caring about them (clients could even add an option to hide them), but users liking the feature can go wild and this time the money goes to volunteers keeping this alive instead of greedy admins, power mods and investors.

Though there would be some big organization questions attached: attached:

Which server handles the payment? A centralized one, the one where the post was made or the one where the user giving the award account was created.
How will the money be shared between the Devs and the individual instances in a way that is fair but cant be abused easily.

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[-] effingjoe@kbin.social 1 points 1 year ago

crypto is the beanie babies for this generation. Some people are going to make a lot of money but a vast, vast majority are going to be the proud owners of something worthless that they spent a lot of money on.

[-] toasteranimation@lemmy.world 0 points 1 year ago* (last edited 1 year ago)

OK, thanks

You don’t have to put your life savings in, just use it to send 5 bucks across the network the same way you use Venmo

[-] effingjoe@kbin.social 1 points 1 year ago

To what end? So it can get converted into a real currency immediately? I understand (since you spammed it everywhere) that you can donate via crypto, but that's only because crypto can be converted into a real currency.

Give it up, my friend; fetch isn't going to happen.

[-] ttmrichter@lemmy.world 0 points 1 year ago

I can, via AliPay or WeChat wallet, reach out and send money to anybody on the AliPay or WeChat networks in seconds.

How long does an average Bitcoin transaction take again?

For small transaction (under 1000RMB/~US$140) there are zero transaction fees. For small businesses (doing under 10,000RMB/mo. in transactions) there are zero transaction fees as well. After that 10,000RMB limit is reached the transaction fees cap out at about 2% (they start smaller and ramp up as transactions increase).

What's the transaction fee for Bitcoin transactions again?

If fraud happens when I buy something (like a business sends fake goods, or doesn't deliver anything, etc.) the Ali Network (or Tencent for WeChat) steps in and reverses the transaction. I lose nothing. In addition if a business was egregious in its fraud, or has a history of doing it, the Ali Network (or Tencent) can and will remove that business' ability to, well, do business. A cancer is excised.

What's the recourse for bad transactions on Bitcoin again?

Donating via Bitcoin is the dumbest single way to donate. It's slow, it's expensive (robbing the people you're donating to of cash!), it's unreliable, and it's prone to abuse.