Loading

How Staking On Stakedy Works

Posted by: Poster Image

Summary Argument: Stakedy can ensure accurate posts by requiring a deposit of tokens as a slashable stake. This stake acts as a risk of loss to the poster, if people judge the content to be biased. The stake also acts as a reward mechanism, because larger stakes rank higher in visibility on Stakedy and posters can earn tokens from the people judging the content.  1402 tokens
Agree Disagree
Loading

Celody generates a private key for you to access withdrawn tokens. If you lose this key, you will lose access to your tokens. So keep it safe! Celody does not store these keys.

tokens Generate New Key Use Existing Key
tokens Start Deposit
tokens Start Transfer
Export to AVAX C-Chain Import from AVAX C-Chain

Submit Address

Celody will transfer tokens to address:

tokens Submit Token Amount
Submit Address

Celody will receive your tokens from address:

tokens Submit Token Amount

You have 10 minutes to make ONLY 1 transaction.

10:00

Send CLDY tokens from address (0x000...) to address: 0x0000000000000000000000000000000000000000

After sending, click the "SENT" button below:

Tokens Sent
Admin Review

Enter transaction hash for confirmation:

Back to Menu
Loading Posts...
     Stakedy works by requiring a deposit of tokens for every post. This deposit may or may not be returned at the slash date (the date of resolution), depending upon whether people agree or disagree with the post. What's the significance?
     This means that the poster has more than their reputation at risk. They are literally staking tokens that can be forfeit if enough people don't like what they post. This creates a pressure to post content that is unbiased and uncontroversial. If an extremely controversial post appears, the stake is likely to be slashed.
     In order to stake or judge a post, you need tokens. Tokens are generated from Celody - a digital world of music. Listening to music in Celody for a certain period of time automatically generates tokens. These tokens can be used to stake or judge. Tokens can also be withdrawn from a session to a Celody wallet and used a later date.
     Once a post has been staked and is live, it is open to judgment. Every post has a binary agree/disagree (or like/dislike) set of buttons. If you agree with the post, you send tokens with the "agree" button. If you disagree, you send tokens after pressing the "disagree" button. Critically, the quantity of tokens sent matters. The more tokens, the more impact it has on the Stakedy algorithm. These tokens also act as a reward to the poster.
     Every post has a resolution date called the "slash date". This is the date when all the sent tokens from judges are tabulated to determine whether the initial stake is lost or returned to the poster from escrow. Tokens can only be sent as a judgment prior to the slash date. After this date, the post will be stamped as either slashed or returned. A final judgment of whether the summary argument was accepted or rejected gets shown thereafter.
     Stakedy uses an algorithm similar in spirit to the Celody token generation algorithm. The basic premise is that if many people agree with the post and few people disagree, then the stake should be returned. If the opposite holds, then the stake should be forfeit. The underlying math of the algorithm just works to accomplish this goal, while preventing bad actors.
     To discourage gaming of the stake slashing, the Stakedy algorithm uses randomization and includes competing incentives. For example, if a lot of people send tokens and disagree with the content, and the stake gets slashed, there is a counterbalance effect where the poster still gets tokens from the people who disagreed with the post. Because they had to send tokens to disagree. It's these competing forces that help balance the final outcome.

Staked:

Slash Date:

Slash Result:

Staked:

Slash Date:

Slash Result:

Staked: 1490 tokens Verify

Imagining An Age Of Indulgence

The world is slowly rising, with the level of extreme poverty steadily declining. This article argues that the ultimate goal of extreme luxury will bring psychological challenges that match some of the problems of poverty.

Posted by: Poster Image

Read
Staked: 1483 tokens Verify

Coronavirus And Healthcare After Effects

The mortality rate of the coronavirus has tragically been focused on the sickest members of society. This article argues that a perverse consequence of the virus's targeting may be a relatively more prosperous healthcare industry in the future.

Posted by: Poster Image

Read
Staked: 1477 tokens Verify

The Future War of World Currencies

The U.S. dollar has been the world's reserve currency for decades. This article argues that continued printing of U.S. dollars according to Modern Monetary Theory is likely to bring a world war of currencies, with the world's reserve likely ending up being bitcoin or ethereum.

Posted by: Poster Image

Read
Staked: 1476 tokens Verify

The Clone Wars

A new business risk has recently been uncovered: the risk of deplatforming. This article argues that to mitigate this risk a business will have to fully clone the entire business stack - from infrastructure to lawyers to email providers and more.

Posted by: Poster Image

Read
Staked: 1456 tokens Verify

Applying The Teaching Of American Universities...

Most American universities are liberally progressive. This article argues that the structure of American universities themselves are completely unequal, with elite colleges having disproportionately bigger endowments and resources. Universities that believe in equality of outcome should rebalance universities themselves.

Posted by: Poster Image

Read
Staked: 1432 tokens Verify

The Hidden Benefits Of Iframe Based Development

Iframe based web development as a software practice hasn't sufficiently been analyzed. This article argues that iframes allow single page apps to isolate security, improve performance, and increase developer speed through modular operations.

Posted by: Poster Image

Read
Staked: 1335 tokens Verify

Progressive Tax Analogs

There is a large segment of society that champions progressive tax systems to reduce inequality. This article argues that there is not a similarly sized segment that champions other progressive systems to reduce inequality in other areas of society. Why not?

Posted by: Poster Image

Read
Staked: 1151 tokens Verify

Thinking From Second Principles

There's a current fashion to approach problems from first principles in order to come up with fresh solutions. This article argues that thinking from second principles provides a quicker solution path while still yielding novelty.

Posted by: Poster Image

Read
Staked: 4.425 tokens Verify

30 Minute HIIT Cardio

Post Loading...

Posted by: Poster Image

Posted by: Poster Image

Staked: 4.3 tokens Verify

Elon Musk Interview

Post Loading...

Posted by: Poster Image

Posted by: Poster Image

Staked: 4.01 tokens Verify

Glenn Greenwald on Censorship

Post Loading...

Posted by: Poster Image

Posted by: Poster Image

Staked: 3.972 tokens Verify

2020 Reflections on Crypto

Post Loading...

Posted by: Poster Image

Posted by: Poster Image

Staked: 4.44 tokens Verify

WWSD Podcast

Post Loading...

Posted by: Poster Image

Posted by: Poster Image

Staked: 3.4 tokens Verify

Joe Rogan Experience With Tulsi Gabbard

Post Loading...

Posted by: Poster Image

Posted by: Poster Image

Staked: 3.38 tokens Verify

Operation Fireball 2.0

Post Loading...

Posted by: Poster Image

Posted by: Poster Image

Staked: 3.152 tokens Verify

V Is For Vaccine

Post Loading...

Posted by: Poster Image

Posted by: Poster Image

Staked: 4.588 tokens Verify

Wow, No Thank You

Post Loading...

Posted by: Poster Image

Posted by: Poster Image

Staked: 4.467 tokens Verify

Why Fish Don't Exist

Post Loading...

Posted by: Poster Image

Posted by: Poster Image

Staked: 4.33 tokens Verify

Javascript the Good Parts

Post Loading...

Posted by: Poster Image

Posted by: Poster Image

Staked: 4.318 tokens Verify

Bitcoin Billionaires

Post Loading...

Posted by: Poster Image

Posted by: Poster Image

Staked: 4.99 tokens Verify

Calling My Phone

Post Loading...

Posted by: Poster Image

Posted by: Poster Image

Staked: 4.87 tokens Verify

Limit

Post Loading...

Posted by: Poster Image

Posted by: Poster Image

Staked: 4.64 tokens Verify

Arcade

Post Loading...

Posted by: Poster Image

Posted by: Poster Image

Staked: 4.467 tokens Verify

Crave You

Post Loading...

Posted by: Poster Image

Posted by: Poster Image

Voting In Process