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RE: Proof Of Worth: Revisited And Upgraded

in #steem7 years ago (edited)

Lots of great thinking here. One thing that comes to mind, which makes it hard on smaller accounts here, is the lack of any real algorithm or well-designed system of content discovery. So currently, whale votes also achieve the goal of boosting the post temporarily to the "Hot" section or "Trending" if more people jump on board.

The only addition to your "Proof of Worth" would be the inclusion of a bump in discoverability for content that is upvoted by a whale. With current content discoverability being so bad, it's hard for many people to find "worthy" content.

Imagine a whale voting for $100 on new post. But only $1.00 gets shown on the counter. However, the upvote pushes the content to more people to verify proof of worth. If a certain percentage of those people upvote, it continues to get pushed to more people (similar to the FB algorithm) As more people upvote and the value of those smaller accounts eclipses the whale's vote, the whale's vote jumps in value to say $2.00, then 3, etc. In this system whale votes early on would still have significant value, but moreso for getting the content into more people's feeds. If a certain percentage of people don't upvote it, then the post stops being distributed. Basically this makes for a new class of "Influencer" based on account value, rather than Followers, instead of having their accounts be money printing machines.

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Sure, this makes sense. Maintain the influence of the vote even though the vote is not yet verified. I think given the current UI, that would be a fair thing to do and encourage people to hold SP.

I do think that we need a more efficient and better way of content filtering that allows us to subdivide the posts more efficiently and deliver specific content to the people who what to consume it, similar to Reddit and such. Hopefully Steemit's "communities" will deliver an effective way of solving this content discovery issue.

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