Sponsorship and Closed Economy

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3 years ago

WARNING: Certain parts of this post is inaccurate and will be fixed.


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Lately, people have been sponsoring each other, especially people like @Jaymark, @scottcbusiness, and small ones such as @BilalCtn. This is a good way to circulate BCH if you sponsor them back. Why you might ask? Here is my opinion.

This act of sponsorship allows Read.Cash to become a partially-closed economy. I say partially because we all still receive funding from the distributed fund and we get tips from each other. However, sponsorship payments are on a monthly basis, allowing a user to essentially get "salaries" however small it may be. This doesn't mean you should sponsor everyone silly-willy, however. The best way to give thanks is to essentially sponsor them back with either the same amount (which meant a net loss of transaction fees), less amount (which meant you're someone who just wants cash you get a new increase), or more amount (which means they get more than you receive).

Now, take note that I don't condone sponsorships. In fact, I love the idea. Due to this, I will start to sponsor people as well. My way of sponsoring people is a little strict, however, as I will have to read a very well-written article for you guys to have a chance. Just one.

With the constant updates to the site by @Read.Cash we can now be able to support sponsors more than one due to the random rewarder system. And please take care of yourselves, don't brag that you were sponsored by someone as famous as @scottcbusiness.

Well, have fun, everyone! Rowan, signing off.

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3 years ago

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