CredSperiment: Opt-in or default-in?

[burrrata]

@decentralion

I think how I feel about this still depends on the relationship of mana and dollars? If mana is the way investors guide the direction of the project, and the project becomes wildly successful, will mana not the value of mana rise over time? Will not the happy surprise from early contributors that didn’t cash out become a happy happy surprise, similar to those that mined Bitcoin in 2011?

Yeah, that’s an interesting point. At this point the plan for mana is quite vague, so it really could go either way.

I support a mana protocol that rewards early participants and aligns player incentives to create value for SourceCred. If the value of SourceCred is captured/represented in mana, then those who earn mana will want to contribute more to SourceCred. As those players contribute, the value of SourceCred will increase. As the value of SourceCred increases, the demand for mana (in a perfect world) will also increase. The price of mana should reflect the increase in value. This aligns incentives for all parties involved

@Beanow

The easy default option when their payout goes unclaimed for too long would be to go with mana. Of course because this solves our legal and financial woes at no cost. But also because mana itself can be made to decay. Meaning that people who never take any action towards their payout nor spend mana, will eventually lose all these benefits. Which I think is important, as it prevents someone passively gathering massive amounts of mana and being able to single-handedly take over the community incentives by dropping some incredible amounts of mana on things they care about using mana accrued over 5 years of inactivity.

This is a very good point!

On the other hand, if I “play the game,” but know that my contributions will lose value over time, then it feels like life is stealing from me. Inflation is more fun because we all “feel” like we’re getting richer even though the real value of the pie has not increased. With depreciation it feels like I’m losing. What’s the point of being an early contributor and doing all the work to bootstrap the system if my work is only going to fade into the sunset and whoever comes along later and contributes when things are easy is going to earn more than my future self?

@s_ben

being paid in crypto could simplify a lot of this down the road.

Is SourceCred chain and/or an ERC-20 token on the Cred Weighted Roadmap?