I have seen this share based pay-per-post system on another forum, but the people only paid out weekly at the start and then it changed to monthly and then it stopped. I think the site grew too big and they had to manually calculate the payment based on the shares and that was too much work for them.
After the payment stopped, people left the site and the site closed down. The payment should be automated to make things easier for the site admins to do these payment.
The site was also spammed by a lot of people and the site moderators had to constantly delete posts that did not qualify for payment, which complicated the whole payment process. ^grrrrrrr^
That is interesting. We do a conversion every two weeks using an automated script that will count shares and distribute the pot equally. Not really automated system because it require someone to click a button and approve it before the script will run. As for processing the withdrawal, we do it manually so that our wallet will not be connected to the server - to prevent hacking incident.
It has been three months and so far we only have had two conversions. This mean that TheBitZone is very late. The reason is because the revenue from advertisement is not high enough. We also cannot add too much to the pot from our own wallet in order to sustain the forums for a longer time.
We may consider to switch to monthly payment if the 'trend' still continue.
We will not stop doing conversion anytime soon as we have put in a lot of effort into this forums. Also, since we are a revenue sharing site, we will be able to continue for a very long time.
We have seen a lot of spam posts this month. I will make sure to have a stricter rules and regulation so that TheBitZone will have quality posts and hence quality advertisement which yield higher revenue. Currentely, we do not delete users shares for getting their post deleted. However, we may implant this in the future. The reason being, it is very complicated*.
TheBitZone will not fail anytime soon, I promise.
* for example, if a user make a post during period one and get shares for it. Then after period one, a conversion is held. During period two, our moderator found that the post the user made is useless and delete the post. Since the shares is already converted, should we deduct the shares from his period two balance? How does it look form a customer point of view to see someone with negative shares if the user did not post during the second period? Or should be deduct the amount of Satoshi? What if the user already withdraw or send it to another forums account - which could be a trade or the user alt account?
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Number of registered users are growing everyday but can you see the online stats? I think its not worthy for you i believe since if thats the case theirs no actual enter action will be happen aswell as advertiser well be away since they can't see any potential on this site. Maybe you need to do some good advertisement to gather an outside audience and you should not be settled onhere since surely they will leave you if you cannot give them a profit that they want.
I agree with what you said. Yes, Bitcointalk will not be our only place for promotion. We already reach out a lot of forums and made our introduction topic already. We will continue to do so and find new ways to promote it - for example, social media like Twitter and Facebook giveaway.
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Thank you for your comment. Do join
TheBitZone if you haven't done so.
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