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RE: Is Steem paying for Groupthink? The Game Theory of Steem, Part 3
Well, I truly believe that we're in an awkward, soon-to-pass phase here where we get $35,000 makeup tutorials immediately followed by $10,000 parody makeup tutorials. Nothing has ever been done on a socialedia blockchain, so the first time anything happens it's going to generate a lot of hype.
I suspect we need a better sub-steemit structure, more like reddit, so that interesting content is easier to find. You should read the recent rant about this by @jacobt . His proposed solution is pretty crude, but I think he's probably on the right track.
I think perhaps I see a way to make Steemit much better than Reddit by making a change along the lines I suggested, but I am not sure yet. I am working on the details. I'll probably make a blog post if I am able to come up with a ranking algorithm I feel is reasonably solid.
Done:
https://steemit.com/steemit/@anonymint/improving-steem-s-rankings-to-cater-to-diverse-content-preferences