( January 11, 2022; ScienceDirect )
Description: "The rise of blockchain technology has brought innovations in various business domains and spawned a new form of organization—the decentralized autonom…"
Abstract
The rise of blockchain technology has brought innovations in various business domains and spawned a new form of organization—the decentralized autonomous organization (DAO). Steemit is recognized as one of the earliest blockchain-based online communities, and a typical example of DAO. By endowing community members with new roles, the decentralization of blockchain-based communities brings changes to the design of user incentive mechanisms. However, few studies have paid attention to the user incentive mechanism when users play the dual roles of social participant and community owner. On the basis of social capital theory and psychological ownership theory, this study explores Steemit's incentive mechanism by evaluating the impact of these dual roles on user active participation behavior. The study adopts a two-way fixed effect negative binomial regression to test the research model. The results show that users’ social capital, share capital, social feedback, and economic feedback positively affect their active participation behavior. At the same time, social feedback and economic feedback play moderating roles on the effects of the dual capitals. Overall, this research provides both theoretical insights and practical implications for understanding, designing, and governing blockchain-based online communities.
I can't read it because it's behind a paywall, but it's nice to see Steem showing up in the recent academic literature.
Read the rest from ScienceDirect: User incentive mechanism in blockchain-based online community: An empirical study of steemit
Check the #penny4thoughts tag to find other active conversations.
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The future in which the Dao will evolve excites me. It is just entering the early use phase. If you find it difficult to understand what it is and are interested in it, be part of a community, a team that shares the same purpose as you. Spend time developing that community. Think collectively. There is no doubt that the community will embrace you as well. this is the dao. everything else is the result, and the nature of the community will determine where it will evolve.
Is it a suitable formation for Steemit Dao, definitely yes.
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There are those who say that the DAO will be a trend in the coming period. Former Steemit co-founder Daniel Larimer is currently working on the DAO. I am not very hopeful about this. I used to rely on DEXs but they're also centralized.
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I think that this panel helps us both economically by monetizing our work , and in the same way it helps us psychologically , some people are lonely , and this panel is a way of feeling accompanied , here you can even make good friends , it is without a doubt a great experience working in this type of social network
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yes, indeed, Steemit is like a company when we look at it. returns vary based on performance and some investment.
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Any idea on what are they doing with the contents we are posting in various communities?
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I don't think I understand the question. Are you asking where it is stored, or how it is being used?
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Yes exactly
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Well, the posts are stored on the blockchain, a copy of which is kept on each witness' computer.
Other than providing content for Steemit and other front end web sites, I don't know what sort of use - if any - is being made of them after they pay out. Since the data is available to the public, we can imagine that there will eventually be all sorts of data mining.
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You are such a nice person! Thank you.
This is exactly what I was thinking about ―what are they doing with these posts?
I will keep on asking,who knows,I might find an answer somewhere.
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