Disappointing imo.
Not only is it damn near EXACTLY LBRY and Alexandria technically, but you have ZERO mention about how you will handle piracy
EXAMPLE: Bob starts a social media page on Respectonomy for sharing free softwear keys. EVERYONE hosts his site cause everyone loves free shit.
HOW will you handle the DMCA requests? Will you censor Bob's page (and everyones profit share with it) ? you have to, or get sued. And once you do, that's centralized.
Your "whitepaper" has ZERO info on how you will handle the biggest problem you will face, good job?
You say "quality posts" but there's no info on how USERS will determine what is "quality" and hence the problem i mentioned above)
Sorry, but im unimpressed, no money from me, i still think this is going nowhere.
Systems like LBRY, Decent, JoyStream use bittorrent protocols to distribute content to be hosted by the users & lets others charge for it. Although this is better than storing data on the blockchain, yet still run into storage issues over time. But an even bigger problem in such systems is determining the price that must be paid for a content.
So, tell me if i am wrong, the content will be stored on everyone's device, like the blocks are, and validated like an address by the blockchain in order to proof it is actually the right post ?
Respectonomy modifies the bittorrent protocol to only host content with users that endorse it; when users ‘share’ a content they become a seed in a sub-network of only those respectonomy users that have shared that content. Thus, only the supporters of a content bear the burden for hosting it.
While downloading from someone, a user can see descriptions to other files that the uploaders might be hosting and thus this sub-network also acts as recommendation engine by measuring the frequency & nearness of other data, and because content downloading is paid for, the seeds act as curators. The ‘shared’ content then becomes a locally hosted curated list which the users earn from by hosting. To fairly determine the price for such exchange respectonomy deploys its own blockchain where the flow of the token ‘respect’ dynamically determines the value of content exchange. This mechanism of tracking data in an isolated network helps fight censorship by replicating the data globally & data being available until anyone in the world is willing to host it.
When users like a content, they pay ‘respect’ to the oldest record of that content in the blockchain. Since pirated content will have a different record it becomes a problem. If we aim to solve it using some algorithm, even a bit of information changed in a file changes its records but it could either mean piracy or creation of new content – for example changing a single character in a code could mean new code.
The original content creator can assign special benefits to community for this effort & since everything happens through transactions, for example - it is an immutable record of people who bought your song. The transactions sending money to the address associated with that content’s fingerprint then can have special use-cases such as access to a concert. Money sent to pirated copies will not have this benefit whereas the downloader would also have spent equivalent amount for it. This mechanism drives the price based on rarity of content.