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Regarding LTBcoin for the audience and associated problems

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• CDJ990

  

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  Posts: 21
  Location: Sydney, Australia

  @ltb4me

  @exhaustedcover I think it's a difficult problem to fix. On the one hand you don't want to discourage new users from joining and participating but you also need to get rid of the spam. One thing that might work (or help) is to have a minimum post character length.

  Personally, I'm not a huge fan of a reputation system as a whole. I think that will just make it easier for people to game the system in other ways to their favor.

  I think it's a matter of choosing between the lesser of 2 evils, where the chosen outcome is going to always have problems. You could really only solve it with certainty by making each account associated with an implanted RFID chip or something in the actual user so duplicate accounts could not be created.

  I completely agree with you here. It's just not possible to solve completely. However, we can learn from bitcoin itself here. Instead of creating a perfect system (bitcoin isn't a perfect system) it is possible to make a system which is increasingly more and more difficult to unfairly manipulate through the proper incentive structures and through a proper framework. I don't expect to completely eliminate double accounts but I do not see why it couldn't be extremely difficult and just not worth the time and effort.

  Posted on August 27, 2014 at 5:35 AM
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• dpc

  

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  Posts: 191
  Location: Central California

  @cdj990

  I'm not really suggesting we should need a pen and paper to write down the magic words. I can't remember which episode it was (the magic word for it is surely timed out though) but I remember listening to a MMM podcast while driving in my car. He split the magic phrase of "bit license sucks" or something along those lines into three different parts and released the words throughout the show. I was easily able to put it together as the podcast went along and enter it as easily as a normal magic word when I got to a computer.

  A CAPTCHA will do nearly nothing to stop people creating multiple accounts.

  Definitely agree with that second paragraph, the incentives are currently all wrong.

  I also have to echo your support for that comment by Dan Kahneman and Dan Ariely as well. I really do believe that to be true and it does very much put me in two minds about rewarding community participation in such a way at all.

  Thanks for starting this topic.

  I agree CAPCHA won't stop people from creating accounts, but it could slow people from entering dozens of magic words if it was needed at time of word submission. Just trying to think of a balance that won't create too much extra work that could discourage real users from participating. I personally would trade off keeping a few freeloaders if it meant keeping more real users.

  I was definitely overdramatic about the pen and paper :) I personally think it's fine the way it is, but splitting it up like you suggest would work too.

  Posted on August 27, 2014 at 11:21 AM
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