@yamada

The Era of Undervalued Developers Base is currently implementing a rewards program for creators and developers. This initiative appears aimed at supporting contributors through generous rewards, with the goal of making the Base network a place where development and creation actively flourish. In economics, it is known that development and creative activities are accompanied by "positive externalities." This refers to a phenomenon where an economic activity unintentionally produces positive effects for third parties beyond those directly involved. The magnitude of value brought about by these "positive externalities" is vividly demonstrated by Jonas Salk's decision. Because he did not patent and monopolize the polio vaccine, it spread quickly and affordably around the world. The economic value generated by this decision is enormous, even in the calculable portions alone. For example, some estimates suggest that the total benefits from avoiding medical costs, lifetime care expenses, and productivity losses from polio amount to several trillion dollars over the past several decades. Furthermore, we can add the immeasurable value of alleviating suffering for billions of people, saving lives, and providing peace of mind to society. While some view such examples as exceptional, I believe that many creative activities, large and small, are accompanied by some form of positive externality. However, in modern economic systems, the majority of that value is not returned to the creators themselves. In the scientific world, it is said that "reproducible failure is discovery." Yet in today's market, there exists a structure where the trial and error leading to success, and broad contributions beyond market principles like Salk's, are insufficiently rewarded. Aren't creators and developers failing to receive appropriate compensation for the true value their activities bring to society? From this perspective, we might call the present the "era of undervalued developers." However, looking at it from the opposite angle, areas with large positive externalities are fields with significant social impact and inherently rewarding work. Rewards programs like Base's can be seen as a new attempt to return part of this massive "value of externalities" directly to creators as incentives.

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