TrueWows is a lot different from other Internet message boards. It's based on two principles: each sentence written must be true, and posts must be backed by WOW.
As a rule, content in online boards is nonfactual and inexpensive. Anyone says whatever they want with loose distinction between fact and opinion. This regresses away from truth. Conversation strays or gets hijacked. In effect the median portion of the bell curve, which is the fattest portion, overrules the truth.
Our hypothesis is that regression away from truth can be prevented by requiring claims to be factual and expensive—by requiring sentences to be true and to be backed by money.
TrueWows is an experiment to stay close to truth by building a market around it. Let users pay each other for truth. Let everyone put their money where their mouth is.
A side effect of backing claims with money is that rewards for online posting flow to users instead of only to ad-tech companies. To get high-quality content, you can't rely only on flawed metrics like views and upvotes and comments and followers, which can be gamed and often prioritize virality. You can't restrict visibility, invade privacy, show ads, and pay users fake points, without risking an ad-filled echo chamber, an Internet version of a Keynesian beauty contest. Tying incentives to verified facts can lead to better content.
Truth can pay. What important truth do very few people agree with you on?
As a rule, content in online boards is nonfactual and inexpensive. Anyone says whatever they want with loose distinction between fact and opinion. This regresses away from truth. Conversation strays or gets hijacked. In effect the median portion of the bell curve, which is the fattest portion, overrules the truth.
Our hypothesis is that regression away from truth can be prevented by requiring claims to be factual and expensive—by requiring sentences to be true and to be backed by money.
TrueWows is an experiment to stay close to truth by building a market around it. Let users pay each other for truth. Let everyone put their money where their mouth is.
A side effect of backing claims with money is that rewards for online posting flow to users instead of only to ad-tech companies. To get high-quality content, you can't rely only on flawed metrics like views and upvotes and comments and followers, which can be gamed and often prioritize virality. You can't restrict visibility, invade privacy, show ads, and pay users fake points, without risking an ad-filled echo chamber, an Internet version of a Keynesian beauty contest. Tying incentives to verified facts can lead to better content.
Truth can pay. What important truth do very few people agree with you on?
Each sentence you write must be true and must be backed by Wownero
Each sentence you write must be true. It's okay to write "my opinion is...".
Truth must be clear, bounded, and defensible. This means posts and comments must be easy to understand and hard to misinterpret, must be specific instead of vague, and must be supported with evidence that anyone can verify.
To post or comment you stake Wownero by sending it to TrueWows. This staked amount is refunded if everything you said is true or you lose it if users refute you.
People pay to reply to you, for consuming your attention reading their response and as reward for sharing.
To refute a post or comment quote the sentence that is false and explain why.
Respond to the words written and not to your imagination of what was intended.
Words matter. Learn their meaning and use them correctly.
There's no fee to read posts.
Posting requires a minimum of 10.00 WOW paid upfront as a truth stake to increase the cost of falsity and spam. This amount is refunded after 7 days if the post isn't refuted or 7 days after the latest refutation of any nesting depth, else it's paid out to comments that refuted successfully in proportion to each comment's truth stake.
Posting also requires a minimum of 1.00 WOW as a submission cost to incentivize responses. This amount is paid out to users who post comments, else it's refunded after 72 hours.
Refuting a post requires the parent post's truth stake times 1 to increase the cost of deeply nested refutations. Valid refutations are displayed in red.
Posts that pay the fees get published. Posts get removed only by the user who submitted. Posts can't be downvoted or flagged for removal.
There's no banning of any kind. There's no limited visibilty, no limited reach, no cool-off period, no timeout corner, no shadow-banning, no suspension, no account closure, no nothing.
There's no KYC. You don't need a name or email address or phone number or credit-card or any personally identifiable information to post. All you need is Wownero.
Posts can be created at any time. Posts can be edited after posted except if the post is currently refuted or if the post's truth stake was refunded. Posts can be deleted at any time. Posts stay open for comments forever.
The submission cost of each post is paid out to users who responded to the post. The payout's amount corresponds to the percentage of the amount paid by each user to respond divided by the total amount paid by all users who responded to the post in the first 72 hours.
Submission costs that haven't been paid out to users yet are displayed in green. Replying to posts that are green earns WOW.
The response cost set by a parent post and paid by each reward, reply, and refutation are paid to the parent post. A post's response cost can't be higher than 0.382 times its truth stake to prevent false posts with low truth-stake and disproportionately high cost of discussion.
Deleted posts or comments and all comments in the deleted thread have their truth stake and submission cost refunded if they haven't been paid out to the parent post yet.
Funds that haven't been paid out for any reason (like no replies, partial payments, bugs) are refunded to the user who submitted the post or comment after 10 days.
Post payouts occur on-chain every 20 minutes. Users keep 100% of their earnings minus Wownero's network transaction fee which is often less than 0.035 WOW. Wownero transactions are private.
The site has low costs and earns nothing—all earnings go only to users.