Reasons why Nevra will succeed?
This should probably be a posted as standalone thread, but I wanted to ensure maximum exposure to the Nevra Community as the subject will make more sense to members that have been part of the project.
The Nevra project is based on the theory of equality, freedom and trust but what does that actually mean in the business world? And what applications could this model have in economics? And are there any evidence pointing at the model success in comparison to the self-interest model? I took the liberty of conducting some research and stumbled on some good quality research thesis and book detailing the subject (sources will be listed on the bottom of this post). First I would like to point that equality and the principle of fairness is not by any means new and have been around for decades [the principle of fairness was originally formulate by hart in 1955, when a number of persons conduct any joint enterprise according to rules and thus restrict their liberty] Klosko George, 2004, the principle of fairness and political obligation. However the application of these principle in the cryptocurrency world is relatively new, and there are only a handful of projects that truly portrayed these principles in a successful manner, equality and fairness is very hard to achieve in modern society where a numerous of obstacles exist to hinder its true application and verification i.e. internet, privacy acts etc... However one of the major factor standing in the way of true equality and fairness is that there are no solid guidelines to base it on [Questions concerning the fair distribution of burdens and benefits can be dauntingly complex. Such questions have both conceptual and substantive components
however, individuals conceptions of fair distribution differ greatly; fairness is an essentially contested concept it is unlikely that theorist will be able to present a single conception that would be acceptable to most people] Klosko George, 2004, the principle of fairness and political obligation. This should be ample proof of the enormous task the Nevra team have ahead and the countless efforts they will have to put down into ensuring true equality and fairness is applied. This is where the trust factor come to place, community members will have to trust on the team.
With that being said, why is the fairness model in the cryptocurrency is so innovative and why would it be successful? Well as you may know, most of the projects these days are based on a different model [most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest] Fehr and Schmidt, 2003 theories of fairness and reciprocity-evidence and economic Applications. Cough...cough: ICOs, however these models have proven less and less successful as evidence emerged showing that people are more interested in fairness and the well being of others [ in recent years experimental economist have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggest that many people are strongly motivated by concerns for fairness and reciprocity] Fehr and Schmidt, 2003 theories of fairness and reciprocity-evidence and economic Applications.
My excitement for this project is immeasurable not for the material gain (although that plays a role) but for the principle and involvement that it requires from all participants, and I would strongly suggest who ever have time in their hand to read the resources listed and expand their knowledge on why Nevra is unique and could redefine the inherited principles of distribution and crypto projects management.
Resources:
https://books.google.com/books?id=ljm8QwYTIEsC&printsec=frontcover&source=gbs_ge_summary_r&cad=0#v=onepage&q&f=falsehttp://web.mit.edu/14.193/www/WorldCongress-IEW-Version6Oct03.pdf