Steemit could revive journalism through the Power Law Effect

in journalism •  8 years ago  (edited)

I'm so impressed with this community. This type of concept could save journalism by creating a 'power law' around the best authors/articles. While most people will make very little cash from their work, the top journalists will make a bunch, thus creating a motivation for large numbers of people to try and create great content.

We see a similar phenomenon in the music industry. Part of the reason we see constant innovation is because a handful of people get really famous and make lots of money.

Very exciting...

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Excellent

Congratulations @bradkam! You have received a personal award!

Happy Birthday - 1 Year on Steemit Happy Birthday - 1 Year on Steemit
Click on the badge to view your own Board of Honor on SteemitBoard.

For more information about this award, click here

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @bradkam! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 3 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!