The Idea - Adding Wisdom to Steam

Here I introduce the idea of a second currency or power called wisdom. This attribute acts kind of behind the scenes and loosely represents popularity, merit or wisdom.

Wisdom comes from upvotes and by investing in good content or authors. Everyone starts at 0 and it uses this algorithm: Log( their voting power ) + wisdom fragment. Wisdom is like an ethereal power that spreads to and from those around you, but cannot be bought, traded or given away. Having this wisdom attribute partially removes credibility from buying power.

Perhaps websites and users could control how wisdom matters or how it is displayed. A post may show: $ 1030 ß 20 , or one could list content by wisdom. Symbol ß is the sharp S and could possibly be the symbol for wisdom.

I’m simply presenting an idea, and here is my brainstorming. But I’ll let the engineers make all decisions, and how to implement.

Lightweight Independent Feature

The code may actually do very little work except keep a wisdom number for accounts. It should be very simple and lightweight, having minimal calculations, with 100 blocks to do them early. This probably could be done off-chain if desired, or by steemit.com or other site.

Technical

If R is a recipient's wisdom, then ΔR from a vote is
log(VP) + ß per VP

Example 1: if someone votes you up and you earn $100, then if they have 1 wisdom per $100, your earn 1 wisdom.

More wisdom is rewarded over time from previous good voting. At every block the code looks back 5 days, 25 days, 125 days and rewards smart or wise decisions. This means by voting, one is investing in an author, their content, and in their future voting. This supports the principle of investing in people.

When voting, a portion of the voted wisdom is destroyed and becomes kind of like an investment in the author and his/her post. Sacrificed wisdom can be re-earned based on subsequent success.

S1: time to your vote, how much total wisdom voted so far to author
S2: equal time afterwards,sum of wisdom or ß given to author
yS: how much of your ß is destroyed => 50% of that given
eS1, eS2, eS3 is how much ß you earn from a vote

5 days
eS1 = .25 * yS * (S2 / S1)
25 days
eS1 = .25 * yS * (whatever they earned last 25 days / previous 30 days)
125 days
eS1 = .5 * yS * (earned last 125 days / previous 150 days)

Example 2:
you vote someone up 4 wisdom (first), in the next few seconds they're voted up 8, but then none after

you lose 2 wisdom
in 5 days
you earn .25 * 2 * (8 / 4) = 1 wisdom
in 25 days (if they've doubled in popularity/wisdom)
you earn .25 * 2 * 2 = 1 wisdom
in 125 days (if they've quadrupled in popularity/wisdom since before then)
you earn .5 * 2 * 4 = 4 wisdom

You triple your wisdom from the vote, in 125 days

Down-votes are ignored and one cannot change vote after end of block. Wisdom is always kept in whole numbers, rounding down when given. That means if you don’t have much wisdom you cannot give or lose any.