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No, that's awesome for them. They're building their community while removing bad content and improving good content.
Look at what they're offering to their loyal fans:
* recognition with the points system
* power with exclusive tools
* more recognition with a conference
What are they getting? crowd sourced moderation and crowd sourced captioning.
That's one awesome system (if it works).
Does your (or my) followers actively participate to make your (or my) communities better? No. I'll definitely be watching and taking notes. For example, imagine if the viewers of your streaming sites actually sat down and provided rich descriptions for each video. Search engines would love it and boost your traffic. That's what they're doing with mainstream videos.
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