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RE: Steemonomics: Competition, Cooperation, and Complementarity

in #economics8 years ago

I really don't see how Steem is more likely to do good than any other similar website.

Why did Hayek dislike the term 'society'? Which term did he prefer?

Well... I'm just disgruntled with Steem because I got tricked... The Economics Of Steemit. I was hoping that it was fundamentally different from all the other places where I write stuff... but it really isn't. It's just another popularity contest. You have to dig and dig and dig to find valuable content.

Your story wasn't bad... but you're definitely not striking at the root of the problem. Which is a shame because you seem bright enough. The root of the problem is that people don't understand the importance of accurate value signals. Mark Perry recently posted a decent article about the importance of accurate value signals. Just now I posted a blog entry trying to persuade a respected journalist about the importance of accurate value signals.