Last Week in Quarry, April 30th

Howdy folks! Welcome back to another Last Week in Quarry, I’ve got another great post for you today on the comings and goings of the Token Block Friend and Quarry world.

Airdrops Update

A few people have been asking about payouts from airdrops in the app. So I’ve created a report based on my own successes regarding all the cryptocurrency airdrops we’ve tried to showcase in the app. You may find that Google Sheets report by tapping or clicking here.

Read more about airdrops

The Highlights

  • Meet the Man Who Bought Bitcoin in 2009

It’s hard to face up to the honest truth, that in 2009 BTC was priced at a mere $0.01. “If only I’d known it’d be worth what it is now!” We say to ourselves… but don’t kick yourself too hard, gambling on the future is not an easy thing to do successfully, let alone repeatedly. That’s why it’s called gambling.

Posted by Quarrior: Sigit, Read in Quarry App

  • Binance Updates its White Paper to Address Quarterly Coin Burn

Why is this a big deal? Well, it kind of went under the radar. Whether the company has always been burning their excess in this way or they’ve begun doing it this way in an effort to improve or optimize remains to be seen. This does highlight a key concern of mine however: Crypto companies have very little operational oversight.

Posted by Quarrior: JC, Read in Quarry App

  • Comparing Cannabis Stocks with Cryptocurrencies

What do these two things have in common? Hype. Weed stocks have been on a roller-coaster — just like cryptos. But never forget: At least with stocks you’re buying a portion of a company and the company must either create value for its shareholders or die. Once a decentralized currency is released, the developers are not beholden to anyone, and most are looking for a quick cash grab exit.

Posted by Quarrior: KINNABIS CRYPTO, Read in Quarry App

Your thoughts are appreciated, please leave your thoughts in the comments section below!

blast from the past

Last Week in Quarry, April 22nd

Last Week in Quarry, April 22nd

First things first: The results are in! We polled our Quarrior Telegrammers to find out if there was a preference for a dynamic or static ROX reward pool. Currently, the pool is statically set to 30,000 ROX, and divvied out according to individual influence (how many stakes you have measured against when an up-vote is placed). Out of 249 votes, 88% said ‘YES’ — thank you every one that participated!

Here’s what I’ve in mind to calculate a Dynamic Reward Pool for daily ROX rewards:

CONCEPT FORMULA FOR DYNAMIC REWARD POOL

Keep in mind this is not the exact formula, as what’s considered ‘Good Comments’ has to be formulaic in some way as well. But I think some kind of performance check is necessary to ensure quality engagement and controls. It’s also a preventative measure to keep Quarriors from submitting garbage comments (ie ‘Good’ ‘Great’ ‘This’ etc).

Your thoughts are appreciated, please message me your ideas and concerns (@boondoge on Telegram or help@quarry.rocks)!

editor’s choice: Top 5 Posts

  1. Harvard Invests Millions In Blockstack’s Token
  2. Crypto Exchange Poloniex Adds Support for USDT on Tron Blockchain
  3. The Crash of the Cryptocurrency Market; Is now the time to buy Bitcoin?
  4. BitForex Decides To Not Delist Bitcoin SV
  5. Bitcoin [BTC]: John McAfee reveals he received many emails from people claiming to be ‘Satoshi’

Quarry App Spring Cleaning

In preparation for our upcoming update we’ve been cleaning up the app a little bit. Doing a little bit of pruning, if you will. Some of you may have come to find the comment section relatively unhelpful and containing the occasional spam message. This week we’ve taken the liberty of banning a few individuals, whom of which have been particularly annoying.

You may find the banned list here:

Am I Banned?

In the past we’ve maintained a particularly light touch when it comes to banning users from the app, preferring to ban types of content rather than individuals. Some users continue to abuse our patience, and so we’ve dealt with them accordingly.

If you’re wondering what metrics we used to ban or not to ban please check out our standards for Etiquette when posting and commenting in Quarry.

If you find yourself banned, you may appeal your sentence by emailing us at help@quarry.rocks — Please explain why your account should be reinstated and why you believe the Quarry community needs you.

The Quarry Universe is Expanding

In our quest for world domination we have been developing a number of new apps, as some of you might already be well aware. In our efforts to capitalize on the crypto-bear market, we have created 4 new apps (re-Readers, Status, an unpublished Chinese-English dictionary app, and an unpublished Chinese-English learning app) and taken over operations and the future road map for The Token Game, which was originally designed by a co-development group.

What some of you might not be aware of is that we developed a few other applications prior to Quarry, namely 30 Day Workout, Fit O’Clock, and the now de-listed Tasty Recipes & Crack Baseball.

While we await the return of cryptocurrencies to their former glory, we will continue to persevere, developing new apps and adjusting our penetration strategy as we go.

Current Roadmap

“What’s our strategy?”

I hear you asking, and to give some insights into the big picture: We envision an entire ecosystem where all applications are connected by blockchain technology. It’s a bit vague, and I apologize for that. The most well-known example for our concept is like a giant digital coupon book, where coupons can be transferred from store to store (or from app to app). We’re currently running a market test of this in The Token Game — allowing users to swap their GOAT for ROX as they see fit.

Future

Monetization is probably the biggest blockchain company killer to-date, and we’ve experienced our own troubles in that regard as well. Without an ICO, it can be difficult to generate funds.

Traditionally, we’ve resorted to in-app ad placements, but — obviously — the amount of traffic received will make or break this source of income. We have not received enough traffic to live purely off of ad-revenue, and so we had high hopes for airdrops & token contests providing us the much needed capital as we continue to grow. As a short term strategy, this has not worked out to our initial hopes, and the long term results still remain to be seen.

Had we been able to win Cryptokitties’ Live Furever contest (and a few others) with your support we’d have a little bit more proof-of-concept to stand on, but alas, we did not.

Where Does Quarry Fit In?

Quarry will remain as our hub for blockchain news & information as a social platform. In the meantime, we will be developing new apps in new / emerging markets. We firmly believe that cryptocurrencies aren’t going anywhere and it’s just a matter of time before there’s a major breakthrough in this technology. As companies learn how to best implement blockchain we’ll see a resurgence in cryptocurrencies too.

We’ll be there when it happens.

Becoming a Top Quarrior

It’s time to reveal some Quarry secrets! Some of you already know how to hit high in the leaderboard pretty consistently (looking at you Sarozz!), but I’m sure there are many of you out there thinking ‘How does he do it?!’ — Well, read on my Quarriors! Read on!

UP-VOTING / POSTING

Timing

The time of day matters, always. This is true for every social media platform (Facebook and Reddit being good examples). In Quarry, this phenomena is increased because of the Quota limitation.

Simply stated: Every Quarrior’s quota is refreshed on a static schedule. So, if timing up-votes and posts for before the quota refresh occurs can guarantee a nice lift to your posts. This, however, is countered by the time of day in which users are most likely to be browsing Quarry for news. In the USA, this is most often after lunch time (12:00 to 3:00pm) and before bed (8:00 to 10:00pm).

Quality Over Quantity

Spamming up-votes and posts won’t help you. Up-voting quality content and sparking discussions is one of the keys to getting continual up-votes and lasting buzz on posts.

Read up on posting etiquette in Quarry, here.

Followers

Put your following to work! Give them interesting things to read and discuss. This one should be a no-brainer.

Stakes

This is the most easily influenced factor. The more ROX held, the more stakes received when up-voting and posting. The main reason @Sarozz has such a high proficiency for getting onto the top 5 of the leaderboard daily is due to the high amount of Locked ROX he has.

Where did he get those?

He linked his steemit account, which had a relatively large amount of Steem Power, to Quarry. In essence, he’s a whale, and whatever he up-votes will receive a large amount of influence in the calculation.

Read up on stakes, here.