What about the tipping model Coval probably will use for their VOCAL project? I added an example about how it works below, quoted from another thread about Coval.
1st Endorser: User 1 tips Content Creator 10 cents — >No prior endorsers before User 1— >100% of endorsement goes to Content Creators wallet — >Content Creator receives 10 cents.
2nd Endorser: User 2 tips Content Creator 10cents — >1 prior endorser (User 1) — >50% of endorsement goes to Content Creator — >Content Creator receives 5 cents — >5 cents that remains is divided amongst the previous endorsers (Users 1) and Yours— >This process loop continues until the post times out due to inactivity in endorsements, or the user manually closes the post.
So, what just happened here? On the backend, the Content Creator has created a post, thus opening a “payment channel”. Once opened, the channel is programmed to reward 100% of the first endorsement to the user. Following the first endorser, 50% of every endorsement following goes back to the Content Creator. The other 50% is then divided amongst previous endorsers, and to Yours."
This a system YOURS has pioneered. It will likely be in VOCAL in some form. Its actually genius because it incentivises people to find really great content early and reward it, its a win win system for tippers and producers and more so for consumers who are directed toward the most popular media.
So obviously that is a tipping model not a regular payment model. The example is also in the context of stuff you don't have to download but I can see it could work out in vtorrent with some tweaks. How do you guys think that would work out in vtorrent? I can see it solve some problems, but also add some.
