Exactly! And the bigger worry is that a small number of wealthy individuals could purchase a large amount of SP and completely dominate the conversation on here. Somebody like, say, Rupert Murdoch. How do we measure the ability of the community to resist domination by economic elites? It looks worryingly like a pay-to-play system.
true. we'll see. greed is natural. we know that and we can include it in our algorithm of steemit or the model so to say. or we don't and pay the price. we all will, you know? if steemit falls steem falls and those investment are null. so in a way we all want it to succed but it probably won't if corporations dominate the discussion...
Exactly! And the bigger worry is that a small number of wealthy individuals could purchase a large amount of SP and completely dominate the conversation on here. Somebody like, say, Rupert Murdoch. How do we measure the ability of the community to resist domination by economic elites? It looks worryingly like a pay-to-play system.
true. we'll see. greed is natural. we know that and we can include it in our algorithm of steemit or the model so to say. or we don't and pay the price. we all will, you know? if steemit falls steem falls and those investment are null. so in a way we all want it to succed but it probably won't if corporations dominate the discussion...
Down later you mention that greed is natural. True! Maybe game theory can teach us how to optimize against greed.
https://steemit.com/steem/@biophil/what-does-game-theory-say-about-steem-part-1