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by mtmail
4206 days ago
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1. as soon as it gets enough traffic/attention it will be run over by spammers or other self-promoters. You'd need at least a way to treat some content as more valuable then other. That would require moderators, who need to be vetted, e.g. by reputation. Take a look at 24h worth of http://www.reddit.com/r/all/new/, expect 100 submissions per minute, and try to figure out how you'd managed the submissions from a quality point of view. 3. if news users pay out existing users who are in dept it sounds like a http://en.wikipedia.org/wiki/Ponzi_scheme. If the contract says you have dept but don't need to pay within a certain timeframe then don't be surprised if users signup and never ever pay. |
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3. Also in this case you are right but I was wondering about a situation where the first users try it with a very small amounts of money (few dollars), they see they are repaid, then word of mouth, more users, more money etc.