Feedback Systems Are Important to Inspire Community Participation. There are many smart and passionate people in this community, but it’s not clear how the core team perceives the value of our community beyond the obvious “communities are important . . .” mantra that every blockchain leadership team chants. On one level, this is understandable because the core team is busy, but on another level, not having meaningful feedback and communication with the core team creates a psychological disconnect between the community and the team, which might have some unintended consequences over time.
Rewarding the Entire Ecosystem. I’m not concerned about being rewarded for my ideas or efforts here because I’m amply compensated in my professional life. Plus, I really enjoy the interaction and spirit of our community; so, I don’t need/expect any compensation. However, there is real value to what we are building here and this is the epicenter of the worldwide Cardano movement. Additionally, Charles himself has talked about how important it is to find ways to financially reward the entire ecosystem of a blockchain, not only the miners who make USD millions with their ASIC-powered supercomputers.
How can we reward the most active, thoughtful, and creative members of our community? One way is to replicate the Steemit system for our community. Then we could reward members who contribute high-quality content (as measured by how many views, hearts, and bookmarks they get) with a certain amount of ADA, depending on how popular their content is. Steemit is a general-purpose blogging platform, but we could create a more focused system for our community here (and possibly make it more general-purpose later to draw in more people). That would encourage our members to think creatively and be rewarded for their contributions that are specifically focused on Cardano Land.
With a Multibillion-USD Market Cap, there’s No Excuse Not to Share the Wealth. Innovators and entrepreneurs should certainly be generously rewarded for building great companies, but it’s disgusting and short-sighted when founders/executives pay themselves 8/9/10-figure compensation packages while their lowest paid employees literally have to depend on government assistance just to survive. The same is true for any of these blockchain projects that generate huge mountains of wealth for a tiny number of people. This is one of the most significant failures of Capitalism today, which is destroying the middle class in many countries.
Sharing the Wealth Is Smart Business & It’s Easy to Do. I’m not a fan of Dan Larimer, but his Steemit platform has proven that sharing the wealth is easy and incredibly effective at incentivizing millions of Steemit/EOS zombies to support his half-baked ideas. Just imagine what a superior platform like Cardano could accomplish if we had our own rewards-based community here? Investing the modest time and resources to replicate Steemit’s simple system for our community would be much more cost-effective than spending USD millions on PR/marketing in the future. And sharing the wealth would inspire and incentivize every single member to do everything possible to draw attention to our community and the entire Cardano ecosystem.
What do you think we can do to maximize our collective superpowers and share the wealth? I’m sure our community has many other ideas on this topic; so, I’m looking forward to your comments.