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RE: Why Smart Media Token (SMT) will fail.

in #steemit7 years ago

From a social experiment , monetizing the comments or user engagement may back fire. People are overlooking social behavior !! How people interact would be different and it may or may not be good.. Some earlier experiments done by yelp ,with the same model actually failed. People were repulsed by "payment" part of it.

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People were repulsed by "payment" part of it. I think that it a very good point. What is the psychological aspect of this? Thank you for that comment!