In the era of social networks where people share freely everything from the content of their dinner plates to the mood they are in for the world to see instantly, dotcom/mobile entrepreneur and Bitcoin angel investor Alistair Milne has spotted a wide open gap in the market and plans to bring it to the mainstream.
The site Sato.sh was created as a direct result of the growing success and flexibility of Bitcoin. The digital currency has enabled people to reward anyone with any amount, anywhere around the globe and Sato which the owners prefer to call it is ready to trial this concept to the world.
Sato rewards anyone posting content, proportionally to its popularity.
Initially, fractions of Bitcoin will be awarded based on the positive feedback from other users. Later on, additional payments will be paid proportional to the traffic generated by the owner of content posted.
Their aim is to convert advertising dollars into bitcoins and distribute them to all users that contribute to their success. They hope Sato.sh will be the easiest way for someone to earn bitcoins without requiring any investment or access to banking.
To get the ball rolling with a minimum viable product, the site will be paying 4 ‘bits’ (0.000004 BTC) for every upvote received by a post on their site.
They are hoping that these will quickly add up, with 1000 upvotes being worth $1.1. The reward per vote will be subject to change due to Bitcoin’s price volatility.
Assuming they get traction early on, which I have no doubt will happen, they will fundraise so that the founders can expand the team and develop mobile applications and new features for the site quickly.
The plan is to then play with a few ideas they have to allow people to spend bitcoin to promote sites/services/news on Sato.sh and perhaps integrate more traditional advertising to earn us $/£/€ which we will use to buy bitcoin.
Once this income exceeds what we are paying out for up votes, we will be able to distribute additional bitcoin ‘dividends’ to users who have posted content which has generated revenue.
http://cointelegraph.uk/news/114988/satosh-the-new-website-that-pays-you-in-bitcoin-to-share-your-content
