Web 4.0: Building a Digital Economy of Abundance

What if we built a digital economy based on abundance instead of scarcity?

Unlimited Edition. By: Michael Natanzon

Scarcity vs. Abundance

An Abundance-based Digital Economy

How does it work?

The role of reviewers

  • First, just like digital content in the system has Credibility and Importance Scores, so do reviews. Reviewers therefore have the incentive to seek out content whose review would contribute the most to the ecosystem, independent of the value of the content (for example, reviewing an app with malware may give the app a negative value, but the review itself — exposing the fraud — would add great value to the ecosystem).
  • Second, reviewers need to back up their claims with sources and evidence.
  • Third, anyone can challenge the accuracy of reviews. This means that reviewers should never expect to get away with dishonest reviews.
  • Fourth, the weight of reviews is based on the expertise (measured in total Credibility and Importance Scores) of the content reviewer in any particular category.
  • Fifth, content reviewers are selected at random to review content, thus minimizing the possibility of collusion between reviewers and content creators.
  • Sixth, for high value content, more reviewers with a higher expertise level are required to establish the score.
  • And seventh, the value of the Web 4.0 Token is directly tied to the accuracy of Credibility and Importance Scores in the system. If these scores do not have meaningful values, the value of the Token would also be low.

The Web 4.0 Digital Economy

  • All content is available for free
  • Content creators are incentivized to create high-quality content that benefits society — and compensated accordingly.
  • Content creators get credit when others use or build on their content.
  • Collaboration is encourage and everyone is rewarded in proportion to their contribution (with no need for complex management or expensive legal contracts).
  • Scientific research, open-source projects, investigative journalism and other public goods can get investment and thrive.

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How crypto can transform the economy and solves the problem of public goods. Abundance Protocol Whitepaper: http://shorturl.at/lqV37

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Mike Natanzon

How crypto can transform the economy and solves the problem of public goods. Abundance Protocol Whitepaper: http://shorturl.at/lqV37