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RE: How should we pay ourselves?

in #startups7 years ago

I love the idea. The only flaw I can see is what would motivate a staff member to excel and strive for an incentive without a financial reward (other than bonuses) in place? I understand pride in the project and work would be the primary attribute you’d be looking for, and you want the person to take pride and be exceptionally motivated of their own accord - but I can’t see a ‘permanent’ salary with no hope of that increasing as a viable option - even if their own project and therefore tokens increases in value over time

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Without incentives we would eventually even run out of toilet paper. Why bother to innovate, to be more efficient, to work extra hours, to find new and better uses of the work hours, etc. SOCIALISM IS A DISASTER!