Cent.co thinks of themselves as the new Quora. The motivation for answering questions on Quora is to establish yourself as an expert. If you're answering for financial gain only – then people will be encouraged to game the system and give the answer likely to be voted up, rather than the correct or honest answer.
What Is Cent?
Cent, presently, is a Quora-like Q&A platform built on the Ethereum blockchain. Their service allows you to post questions with monetary bounties via Ethereum smart-contracts. By being a member of Cent, you can then answer questions, and in return received Ether for your valuable insights/contributions. Members of the site then vote on the various answers posted to each question bounty and depending on your overall number of votes, you’ll receive a proportional share of the bounty. It’s a very straightforward and simple platform that allows anyone to quickly start earning ETH with just a few clicks.
Cent is a hybrid centralized/decentralized content network built on the Ethereum blockchain. It’s a constellation of incentivized contracts between users that allows for the exchange of creative and financial value.
Cent Earn Income From Anywhere Blockchain Benefits
We spend huge amounts of time and energy on social networks that don’t make us happy or pay our bills. Networks should make money from connecting people efficiently, not from selling their users’ attention. On Cent, the value generated by users is given to the users who created that value.
The days of the 9-to-5 being a standard part of human life are ending. Robots and code can, will, and should replace all jobs that do not rely on something uniquely-human.
Blockchains and cryptocurrencies are radically changing the global monetary system. No longer must we trust middlemen in order to earn a living. Cent lets you earn mainstream cryptocurrencies that are easily exchangeable for fiat money, without asking you to submit to employment. This is essentially the future of value creation.
The only sources of uniquely-human value are perspective and creativity. No matter how advanced computers get, you will still always have your subjective angle-of-view, and the capacity to create from that perspective. Cent directly monetizes these direct sources of human value, preparing us for a less-employed future.
Why Pay When Quora Is Free?
There is a market for information somewhere in between free, open sites like Quora/StackOverflow, and expensive, closed sites like Experts Exchange.
It is hypothesized that by adding bounties to the equation, the quality + speed of the answers you receive will increase due to competition for the bounty. We don’t need new jobs, we need new sources of income.
Cent Cryptocurrency Conclusion
Critics think failures of BitcoinTip and flattr and later relative failure of Steem.it shows that there is really no market for micropayments for content. Cent.co defended these criticisms by saying “It's not that microtransactions will replace macro-transactions, but that microtransactions provide a new type of behavior for people to choose from. Rather than give a value that is network-specific, you give and receive currencies that have actual value outside of the network you are in.”
You can find out more about the platform on their website cent.co/