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RE: Does Competition in News or Information Markets Promote Truth?
Good post but massive! Took me a while to get through it 😬
It's an interesting point you make about information. I think your right, a free market of ideas does not mean truth will be popular and thus marketable. However diversity of sources is important for truth, we certainly have that possibility more and more, especially with services like Steemit.
I'm not quite clear on your conclusion. You say Steemit doesn't have a core action and that people are voting as they wish, which means there's no unified direction. You seem to be just stating this but are you saying this is a negative thing? Because you do say "Trying to cater to everyone out there does not work out too well for a business.".
Thanks for taking the time to write this 😁 👍 💯
I modded it to make it more specific. "Rewarding anyone based on no criteria established on the platform itself, makes everyone choose their own criteria, or none, and leaves Steemit without a core action consensus declared for who it wants to attract, reward, and retain as a user-base."
Facebook doesn't have money. Anyone can post anything, it's all good. Create content, share content, doesn't matter. But when money is involved, people work for the money. This changes things. An organization that pays people to do things, should have some criteria or understanding established to attract some specific. Grounding into a smaller goal at first tends to work out better than trying to go big early on as I understand business models. Thanks for the feedback.
Happy to 😁
I wonder what "some criteria or understanding established to attract some specific" could actually be though?
It's true, it's quite free for all now and resting on the idea of "organic" probably won't lead to any specific consensus forming about what the smaller goal might be, I don't see one emerging. So does that leave it needing to be imposed from above as it were, from the system?
By the way, in case you missed it, I think this kind of area was touched on today here