The "Upvote" Economy???

Could we see the creation of a new economy by Steem?

Yesterday's post by the @dlux-io team got me thinking. Over the last few years, we witnessed the transformation of many things from being owned to "as a service". At the same time, we expect to see a great deal of our world automated over the next 5-10 years. Could this all be combined with Steem to create a new economic model?

It was this line in the post that really caught my attention:

Software that pays for itself. Solutions that pay for themselves.

Upvotes have value. Comments have value. Posts have value. Using this basic premise, we have the foundation for a new payment system.

The post used the example of an autonomous vehicle. We are certain that self driving technology will be widespread once it advances to the point of implementation.

How much will ride sharing cost when nobody is at the wheel? We can use a posted dApp that gets our location, encrypts the location and then handshakes with the ride-sharing API. Once the details are hammered out the dApp makes a comment, the user is then prompted to like the comment, and the dApp likes the post for the rest of whatever it costs to run the car.

This really exemplifies the basis for the economy. A comment is posted to pay for the ride which is done with the fare's upvote. The application provides a second upvote which covers the cost of the operation of the car plus, perhaps, a percentage for expansion.

https://busy.org/@dlux-io/endless-possibilities

We could take this a step further. After the ride is completed, the fare is prompted to rate the service. This is done by the application posting a how was your ride. The fare can rate it with an upvote or downvote. Also, a comment can be left just like any other service yet, this time, the fare gets an automatic upvote as a reward. This, of course, provides the rider with more coins for future rides.

One of the big problems with the way our economy operates is that we typically have a defined timeline of things, such as a monthly payment schedule. In the world of cars, payments along with insurance are typically made on a monthly basis.

With crypto-economics, that time is not needed. We can operate on different intervals.

An industry that uses the monthly model is gym memberships. People typically join a gym and are billed on a monthly basis. This happens regardless of whether the membership is used or not.

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Here is another situation that we can apply the Upvote model to. Fortunately, we already a have Steem-based token (or it will be) from @actifit.

Let us say that someone wanted to work out today at the gym. The gym makes a daily post. Anyone who is interested in working out, upvotes the post. This pays the gym a certain amount of AFIT for each patron working out. At the same time, the gym's account also upvotes the post to compensate for cost of operations.

Like before, to get provide people with more AFIT, the gym could ask for comments and a rating. The gym could upvote the user's comment providing more AFIT for future use.

We could use the same principle of drinks wanted to be purchased. The application could post a comment after the user signals what is desired. An upvote of the comment from the application pays for the drink.

What about ways to earn the coins? At the gym, if one is riding the exercise bike, AFIT can be paid for watching ads at different interval. One's data that is compiled on the personal fitness device could be sold to researchers or other medical professionals. This all could be run out of the application.

The @dlux-io team envisions a lot of this taking place on their platform using their coin. There are two things that could be done here.

First, this applies for all those services that are not set up with a SMT. Accounting, legal, counseling, and other services by individuals or small companies could fall under this scenario. The second option is for applications to integrate into the @dlux-io system. This would provide more value to that network while also utilizing the ability to have payouts in 3 different tokens. An application could choose it's currency, Dlux, and STEEM for payout.

Consider the possibilities when we get the Internet-Of-Things and most everything is connected. We are going to have our groceries ordered for us along with automated delivery. Our devices will be nodes on a network providing for the opportunity to seed the network. For this, different coins can be amassed.

Marketing could involve posts made that are upvoted by those companies being promoted. Referral and affiliate marketing follows the same path. Each will earn tokens.

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Finally, let us add in virtual reality so that we can take part of our physical world and turn it digital. Once that happens, we will see similar opportunities as we just discussed. What if shopping was nothing more than an application that is a virtual store? As we are ""walking" down each aisle, we have the options to watch ads to get paid.

Virtual reality also creates a host of opportunities in education and entertainment. Using the upvote concept, we could apply all we did for the ridesharing to movies, television shows, and games that we play. Again, why pay a monthly amount when you can pay in micro installments?

As the @dlux-io said, there are endless possibilities.

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