Steemit’s New Business Model Shows How Compensation by Micro Contributions Works
From Cointelegraph by S. Matthew English
When you post something on a popular microblogging service and it generates a high degree of positive feedback by some metric, for instance “likes,” you have just created value for that company.When you issue a query to an Internet search engine and click through to a result, you have just created value for that company.
When you post a photo of your handsome face to a certain service, and many people share it across the Web... you probably get the picture.
#$%! you, pay me
This altruistic contribution to the bottom line of Silicon Valley-based behemoth corporations is at the crux of how an organization, with a scant few bean bag chair laden offices, can create value for millions upon millions of customers.
British evolutionary biologist Richard Dawkins argues that at the core of seemingly altruistic exchanges is often a latent horse-trading process.
For instance, your parents take care of you because you share half of their genes and you are hopefully (the fact that you’re reading this article greatly increases the probability that you fall into this category) an efficient and natural gene propagation mechanism. Then why do so many people while away their days improving the product offering of faceless social media companies?
The reason is that they do in fact derive some value from this interaction in the form of recognition from their network connections. Some people thrive on this attention. For better or worse I personally know a few of them.
But is this remuneration sufficient? Could we create a better model for such services?
...
Full article: https://cointelegraph.com/news/steemits-new-business-model-shows-how-compensation-by-micro-contributions-works
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@steemcleaners
Why are you calling in Steemcleaners? The partial article is prefaced with the source and then fully cited with a link.
I am new to Steemit, so I am just trying to understand, if this is plagiarism or not, no hard feelings
Well the biggest thing with plagiarism is whether or not someone is trying to claim the work of another as their own. That's why I've adopted the format of putting the author or publication ahead of the snippet and a link below when I'm sharing content.
ALL OF THE FOLLOWING ARE CONSIDERED PLAGIARISM:
So, according to the last point, this post is plagiarized
Source:
http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/
The source actively encourages people to share and syndicate their work on outside sites, that is implied consent.
What is your problem? I like to share interesting articles I come across that I think people on Steem might be interested in. I use snippets and fully attribute the source.
This post has been ranked within the top 50 most undervalued posts in the first half of Dec 10. We estimate that this post is undervalued by $11.24 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Dec 10 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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