flamingos-cant

An interactive tragedy.

  • 62 Posts
  • 11 Comments
Joined 2 years ago
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Cake day: June 12th, 2023

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  • From the FAQ linked on the site:

    Q: Is this running on ETH? A: the token is on ETH, the plebbit protocol itself it not a blockchain, but the app will use several blockchains, tokens and NFTs to recreate all the features from reddit, like usernames, subplebbit names will be crypto domains like ENS (and other chains), awards will be NFTs, tips and upvotes will earn tokens (can set them to your own token or any coin of your choice in your subplebbit)
    […]
    Q: What role does the PLEB token play? A: The base protocol doesn’t use tokens, which lets people who don’t have interest in cryptocurrency (yet) use it for free, but optionally you can use any tokens to do many things, for example you can use names.eth (ENS, which are non fungible tokens) to represent a username or subplebbit name. You can use NFT images as avatars. You can use fungible tokens and NFTs (any token or cryptocurreny of the subplebbit owner’s choice) to vote, curate, reward, tip, incentivize and/or as spam protection (instead of using captchas, require users of your subplebbit to own, stake, burn or pay a certain amount of a token/NFT of your choice to post/upvote). A subplebbit’s name like memes.eth (becomes /p/memes.eth) could be owned by a DAO, and owners of the DAO’s tokens could vote on chain for who gets to be admin and moderator of the subplebbit, i.e. a smart contract/DAO can be owner of a subplebbit.

    This sounds fucking awful. You want a peer-to-peer network, but decided to tie critical features to the blockchain, something arguably less decentralised than APub software.