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RE: Social Media Collisions: Facebook, SteemIt, OpenBazaar and Money... by drwasho

in #steemit8 years ago

Nice post. Couple things, minor points. I would call this 'social exchange' not 'collision'. And likes, follows, RTs, etc. play a signalling role that is analogous to prices in markets. This way, social media dynamics (including monetised mechanisms such as Steemit) can be explicated through the Austro-Virginian political economy lens, which is useful, I think.
https://mesosoup.com/2015/10/25/constellaxy-the-spontaneous-order-of-social-media/

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