Steemit briefly mentioned in the Economist as the most elaborate working crypto-economic model.
On the plane home today I had a nice surprise.
There was a special report in the economist about fixing the internet.
It talks about how the internet should have made the world a less centralised place, but the opposite happened.
Part of the report is called 'Raiders of the killer dapp' (and that part is not behind a paywall, read it here.
Blockchain is mentioned as well as other blockchain projects but also Steemit!
When I read about Steemit outside of Steemit it always gives an extra buzz! Can't help it.
"The most elaborate working crypto-economic model, however, is Steemit, an online forum which rewards its 1m or so registered users for posting contributions or rating content with real money in the form of steem, another sort of token".
Most elaborate WORKING crypto-economic model, I like the sound of that!
But there is more:
"Moreover, many blockchain projects are themselves quite centralised. Almost all bitcoin mining happens in China and is controlled by a few firms (although the government is now trying to constrain the energy-hungry industry). And token ownership is often concentrated, too. Steemit, the online forum, is an extreme example: 90% of the “steem power” tokens are held by 2% of users, though the firm is trying to change this."
The firm is trying to change this. Mmmm....interesting.
All together a cool article.
Although I wouldn't have mind a little deeper digging by them into steem (and not just steemit) but I'm sure that will happen some day :)
I must admit I enjoyed reading for two hours on the plane with no distraction of the internet.
It's been a while! :)
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