I think it's totally feasible and the value proposition makes sense. Rewarding would not need to be built in unless as post rewards if one wants to post about one's contributions. It would be easy to verify the contributions were by the same account as the poster.
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Yeah. If using as a simple database, simply have all post reject rewards.
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I was thinking more along the lines of storing the code as just text, not as contents in comments. To monetize one's contributions, a separate post could be made containing references to the work done.