RE: Back to the Ethereum

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Back to the Ethereum

in bitcoin •  8 years ago 

Several years ago, [the internet], had a problem: [Good, original content] was being packaged with [shitty websites, advertisements, and terribly journalism] . Hoping to improve product quality and cleanliness, [Steemit] designed an incentive scheme in which [writers and curators] received a bonus for finding [good content]. [People] responded by bringing [non-original content] from [the web and Steemit itself], and [posting] them [to Steemit] to earn the bonus.

—Modified from The Problem with Financial Incentives — and What to Do About It by Wharton management professors Adam Grant and Jitendra Singh

The unintended consequences rear their ugly head again. This exact duplicate post was originally posted on Steemit no less than one week ago and has now been successfully submitted. This does not bode well for the future of this platform.

Here's the Original Post by Charles Hoskinson: https://steemit.com/dao/@charleshosk/hoskus-parvum-opus-a-brief-sojourn-back-to-ethereum

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