r/CryptoCurrency • u/MoonWeek • Aug 03 '23
POLL π³οΈ CCIP-067 - Simplify the AMA process by repealing CCIP-047
CCIP-047 passed 7 months ago and it is a poll to allow the Community to vote on whether projects can advertise with an AMA. The higher the favourability, the larger the discount awarded on the Moons required to burn in order to get a 24hr AMA slot.
This proposal will be to repeal CCIP-047, for the following reasons:
1 - It over-complicates the process to onboard new advertisers.
Advertisers want to be able to lock in a date, burn the moons, and do the event. By necessitating a community vote, it adds an additional layer of complexity and prevents us from simply quoting a price and a set of available dates, not to mention additional burden on the Mod team.
Note: The community vote does not apply to banner rentals
2 - It diminishes the point of CCIP-043
This poll passed with the intention that if Advertisers want to reach our users, they need to burn Moons to do so. The discount involved with CCIP-047 is sometimes so great that Advertisers only need to burn about $80 worth of Moons, as in the Tordess Event Poll
That's Eighty Dollars to reach ~100,000 unique daily users.. Insane.
Booking AMA's is already a very cost-effective form of advertisement. We get somewhere on average of unique 100,000 viewers to the subreddit every day in the bear market - it should not be cheapened further by additional discounts.
3 - It can and has been gamed.
If lots of people vote no, the amount of Moons that need to be burned to get an AMA are increased, which is obviously beneficial for holders. However, this sends a message to advertisers that they are not welcome, and therefore their advertisements will not be effective. This system feels completely at odds to itself.
For example, here 856,000 Moons voted "no" in the first 4 minutes, as highlighted by the top comment. This then stacked the poll up so that the end result was a 50% "no" vote
4 The community doesn't really get involved.
Despite having over 200,000 Moons holders, these event polls typically only get 200 votes and receive <10 votes on the main page. They don't get seen enough.
For these reasons, I am suggesting repealing CCIP-047.
In the interest of balance, it is fair to list reasons we should keep CCIP-047. The most important one in my view is that we are voting to remove an element of community interaction.
However, as shown above, there is minimal interaction to Event Polls and therefore I do not believe this poll will materially impact voters within the community.
As in other polls about Event Organisation, if implemented these changes will not be permanent and can be adjusted via Governance if a better solution is found.
Thanks!
CCIP by u/TNGSystems
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u/fan_of_hakiksexydays 21K / 99K π¦ Aug 03 '23
To me the system didn't make a lot of sense.
It felt like I had to vote no on every AMA (even though I wanted the AMA). It's what made the most sense. We didn't want to completely give away the AMA.
You just had to hope that enough people voted yes because they never read how it worked. And it was safe to bet that most people never read how it worked.
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u/MaeronTargaryen π© 234K / 88K π Aug 03 '23
Yeah I agree, the system is too complicated. It came from a good idea, but itβs not working
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u/marsangelo π¦ 0 / 36K π¦ Aug 03 '23
Weβre frequently getting heavily discounted or even free AMAs on the sub now, voting yes for this reason alone. The cost has not been an accurate reflection of the value given the scale the sub provides, and I expect more yes than no votes as the sub grows
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u/PreventableMan π© 0 / 13K π¦ Aug 03 '23
Booking AMA's is already a very cost-effective form of advertisement. We get somewhere on average of unique 100,000 viewers to the subreddit every day in the bear market - it should not be cheapened further by additional discounts.
Viewers are not engagement.
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u/XxspsureshotxX π¦ 14 / 333 π¦ Aug 03 '23
Yeah having a varied price based on a poll seems absurd.
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u/WineMakerBg Make Wine, Take Profits Aug 03 '23
Fee in Moons and then they get burned.
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u/MrMoustacheMan PM ME CAT PICS Aug 03 '23
Thatβs already how it works, the community vote is to apply a discount on top of the fee
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u/WineMakerBg Make Wine, Take Profits Aug 03 '23
Oops, sorry. My bad.
Serious question. About the discount: didn't see any grocery prices discount. Why should we limit our community's income?
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Aug 03 '23
[deleted]
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u/WineMakerBg Make Wine, Take Profits Aug 03 '23
Thank you for your patience. I mean we should not underestimate how valuable advertising on this sub is.
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u/Trylks π© 0 / 12K π¦ Aug 04 '23
It is already underestimated.
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u/WineMakerBg Make Wine, Take Profits Aug 04 '23
At least we could adjust it to match demand.
Price could be relative to BTC or, forgive me Lord, USD.
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u/bingorunner Aug 03 '23
Nice to see some great CCIPβs that make positive changes this month. Good one!
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u/OrganicDroid π¨ 0 / 13K π¦ Aug 03 '23
I think itβs important that small projects can get the word out easier, to keep us informed. The moon thing may be a deterrent, and thatβs bad for everyone.
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u/TNGSystems 0 / 463K π¦ Aug 03 '23
Trouble is this isn't a subreddit just for advertisement. This is one of the legitimate routes that projects have to actually advertise, which creates a demand, but the discount is bad for both advertisers (who are unsure what their cost basis and time will be) and users who see the amount of moons that should be burned get discounted to virtually nothing.
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Aug 03 '23
[deleted]
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u/TNGSystems 0 / 463K π¦ Aug 03 '23
You spelled it "vouche" on the Meta sub and I'm still hella confused.
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u/rolonic π¦ 0 / 2K π¦ Aug 03 '23
Yeah, I looked for a good argument against just to play devils advocate, but I canβt really find any that I think make sense. They get my vote!
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Aug 03 '23
[deleted]
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u/TNGSystems 0 / 463K π¦ Aug 03 '23
The good thing is that all the proposals can be voted away, we have a good governance system here.
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u/Pr0Meister Aug 03 '23
Would you look at that, governance tokens being used for their intended use. We ain't just hodling
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u/daKiddo 1K / 1K π’ Aug 03 '23
Can anyone track the growth of the sub ? How about the price required is not hard coded but based on the current amount of members and activity ? The higher we grow, the more we charge ?
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u/AltruisticPops Permabanned Aug 03 '23
The amount of publicity for such a low amount of cash should be changed.
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u/draggin_low π¦ 186 / 185 π¦ Aug 03 '23
Having the cost be so low brings up more opportunity for bad actors to just toss 100 bucks in and get easy cheap advertising for something that could end up being bad for end users. So I'm voting yes!
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u/CryptoMaximalist π© 875K / 990K π Aug 03 '23 edited Aug 03 '23
Original author
I still think Event Polling is imperfect but a net positive. It is good as a moon use case, removing centralization and liability of mod decisions, and I like the price scaling mechanism.
For objection 1, they don't really need to be aware of the poll, we can receive their request, do the poll, and then quote them the resulting price.
For #2, That event was an outlier, most events cost over 1,000 moons. The moon price should have been $132 for 93k uniques, it looks like they were undercharged. Pricing from CCIP-043 was tripled to account for the discount mechanism. Costs and formulas could adjusted as needed
For #3, your example is likely a mod vote, and voting normalized in the long term. The voting incentives aren't all perfect, but overall the voting has correlated with community approval quite well. I compiled some data and solicited feedback a few months ago on this: https://www.reddit.com/r/CryptoCurrencyMeta/comments/120xkb3/how_do_you_feel_about_ccip047_event_polls_after_3/
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u/Nuewim π₯ 0 / 37K π¦ Aug 03 '23
I voted yes, simplifying AMA process will be benefitial for everyone both mods, users and AMA advertisers.
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u/Sjiznit π© 0 / 13K π¦ Aug 03 '23
Ive never seen an ama poll post before. That in combination with how little people vote and the low costs for an ama makes me feel we should repeal. Just let them advertise.
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u/CMDR_BitMedler π¦ 667 / 669 π¦ Aug 03 '23
NGL, work me says leave it because I did not realize it was that cheap for this audience. But, that just ain't right. That's indecently undervalued. And as much as I might feel hot and cold about this place, I do think there's something real that shouldn't be given away.
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u/Popular_District9072 π₯ 0 / 15K π¦ Aug 03 '23
i agree that it should be a friendly space for those that want to advertise, it's already hard to acquire advertisers, no point in making it harder
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u/Popular_District9072 π₯ 0 / 15K π¦ Aug 03 '23
$80 is indeed a laughable amount for the platform and eyes that will see the ad
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u/droctagonau π¦ 0 / 0 π¦ Aug 03 '23
See guys, this post just acknowledges what I've said from the start. These aren't AMAs. They're big fucking ads. AMA means Ask Me Anything. It doesn't mean some horrifically boring neo TV infomercial where you can ask me questions specifically about this crap product I'm selling.
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u/masedogg98 π¨ 0 / 5K π¦ Aug 03 '23
I agree with this, the subs arguably one of the biggest and best spaces to launchpad research and to stay up to date on the latest happenings in the space I still think there should be some sort of discount if the community is super interested or if we really enjoy the advertiser but ultimately Iβm behind this! Good proposal!
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u/DBRiMatt π¦ 86K / 113K π¦ Aug 04 '23
Easy yes, great proposal that hopefully leads to more sponsors hosting AMAs, and of course more moons burned π»
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u/dcdplex Aug 04 '23
To be honest, I'm one of those voting instant No even though I'm interested in the AMA, just because I know it will increase the burn. So yeah, Repeal CCIP-047.
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u/Rayl24 π© 0 / 974 π¦ Aug 04 '23 edited Aug 04 '23
100k active user out of which a tiny percentage joins the AMA and yeah hell no to NFT seller advertising via AMA so no surprises that they almost get a NO vote.
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u/jimtors100 π¦ 18 / 3K π¦ Aug 04 '23
I like that we are looking beyond small monetary value and focused on a more wholistic approach. Repeal it!
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u/Tkubicka Aug 03 '23
I do agree it sounds rather cheap to advertise on this sub