2018
DOI: 10.3390/su11010167
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Sustainable Growth and Token Economy Design: The Case of Steemit

Abstract: Cryptocurrency blockchain technology is attracting worldwide attention, and the number of initial coin offerings (ICOs) is increasing rapidly. This new economic trend, called cryptoeconomics, can program human behavior through incentive design. A cryptocurrency-based incentive system is not only transparent, but also allows businesses to substitute initial investment costs with cryptocurrency tokens until they are on a sustainable growth trajectory in terms of network effects. This study aims to propose a proc… Show more

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Cited by 54 publications
(23 citation statements)
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“…To do this, there will be the need to include an understanding of the influence of culture on behavior. Finally, another limitation of this research has been the non-inclusion of digital currencies based on blockchain technology and token economy, such as Bitcoin [87] or Steemit [88], especially taking into account the influence that they can have on sustainability and development.…”
Section: Discussionmentioning
confidence: 99%
“…To do this, there will be the need to include an understanding of the influence of culture on behavior. Finally, another limitation of this research has been the non-inclusion of digital currencies based on blockchain technology and token economy, such as Bitcoin [87] or Steemit [88], especially taking into account the influence that they can have on sustainability and development.…”
Section: Discussionmentioning
confidence: 99%
“…Yet, analog to the question of how to design token economies capable of effectively democratizing access to input training data, the design of effective token economies for democratizing access to AI models requires further research. Furthermore, the modeling of assets as tokens is a topic of ongoing research (Kim and Chung 2018;Laskowski et al 2019) and, thus far, we lack knowledge on what and how AI-related assets (e.g., training data, model data, algorithms) can be modeled and represented adequately as tokens.…”
Section: Avenuementioning
confidence: 99%
“…Recent scientific findings support the fact that rewards affect data acquisition [41], [73]. In our method, we provide financial future rewards in the form of exchangeable cryptocurrency to achieve sustainable data collection [74], [75].…”
Section: B Systematic Data Storagementioning
confidence: 81%