Partiko Showing How Crypto-Economics Works: Another Potential Win For Steem
It is happening boys and girls. The paradigm shift that I write about is taking place before our eyes.
What is that paradigm shift?
Basically, for those unfamiliar, it is an incentive based system that pays for your attention. Where you focus your attention and activity, there are rewards. This is no different than the present system we are operating under except for one detail: it is you who is being paid.
We know that our attention has value. Look at the marketcap for companies like Facebook and Google. They monetized the data that is collected off their platforms. What is that data telling? It essentially tells companies where you focus.
@partiko, one of the most widely used interfaces in the world of blockchain, started a new project.
Each day billions of people tune into the news. It is the rare one who can avoid this totally. The purveying of information is big business. Broadcast news rakes in a lot of dollars in advertising. Once again, CNN, Fox, and MSNBC all know the value of your eyeballs. So does the NFL, NBA, and MLB. In short, everyone is trying to monetize your attention.
Since we are operating on a platform that believes you should be compensated for what you do, the @partiko project fits right in. They developed an application called Buzzbreak (@buzzbreak). This is an app for mobile devices that rewards people for simply reading the news.
At present, they are creating points as opposed to a full cryptocurrency. This could be added at a later date depending upon the interest in the project. For this reason alone, everyone reading these words should download the application and use it for your news services.
In the meantime, they are going to pay the Buzzbreak to a PayPal account. Hopefully this is a raging success so they do turn to a platform like Steem-Engine and create a token.
They are also holding different contests at the moment to kick off interest. The details are found in the introduction post.
I absolutely love this idea. I have to admit I did not have time to check the application out so I am posting without the first hand use experience.
What really gets my attention with this is that it is offering rewards for something hundreds of millions of people do each day anyway. Most of the platforms have news feeds that people look at throughout the day. These add value to the platforms while providing the viewers with little. This application changes it.
A move like this can be a real game changer for the world of cryptocurrency. We are still seeking the one thing that captures the attention of the masses. Ultimately, it could be a good starting point to reward people for what they already do. An application like this could hold potential because it is so simple. Having a low barrier to entry with a small learning curve is vital.
I hope this project really takes off. Whatever the future for it, I am excited that we are starting to see the unfolding of the paradigm shift to a new economic model.
Once again, present Steemians are going to be elated a couple years down the road. There are a lot of wonderful developments taking place.
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