RE: Thoughts about authenticity on the Steem blockchain - Volume #2: Measurement
Does the amount of inauthentic content impact the price of STEEM?
In my opinion, the amount of unoriginal content does not affect the price of STEEM. The determining factor is the popularity of the project. If the project is popular, has many visitors, it starts to be interesting to the business.
For example, I'm sure that your post has much less impact on the price of the token than a meme copied from somewhere that went viral and was viewed by 50 million people.
Overall, in raw volume and as a percentage, how much inauthentic content is there?
We cannot know now, but I am convinced that the share of original content does not exceed 20%.
Steem Watchers has now been operating for somewhere around a year. How has the blockchain's authenticity profile changed in that time? Is it better, worse or the same?
Good question. If a person posts a stolen photo outside of the community once a day to get votes from a bid bot, what's to stop them from continuing to do so?
How can we measure these things?
Google can help us in part. Its algorithm determines the original source so that this page occupies a higher position. Thus, attendance can serve as an indirect measure of the quality (originality) of the content.
Unfortunately, we don't even have access to the visitor counter on this front-end.
This is a shocking assessment, as it means that 80% of the content is crap as a result. OMG
Shocking also because I trust you on that assessment, because you hang around the whole Steem more than I do. I've already blocked out quite a lot from my "haze".
All the more important that this "phenomenon" is analysed objectively and dryly. How to act? I don't know... :-(
I thought my "application" would be a small sign for "love it, leave it or change it" - but under the given circumstances this thinking is obviously (once again) completely without a chance... :-(
I came to this conclusion not because plagiarism often happens to me. In fact, you and I live in a certain bubble. We spend almost 100% of our time in well-moderated communities we know. There is practically no plagiarism among the posts we find here. However, the Steem blockchain is much more than that. There are a lot of users who post unoriginal content outside of communities every day in order to get guaranteed upvotes. In addition, there are a number of applications that use blockchain to publish various content. For example, if you look at what is being published with the tag #iweb3, you will see many short posts. These are tweets that are duplicated by the Wormhole3 service in the blockchain for the purpose of receiving rewards. There are many such examples.
Therefore, I think that the proportion of moderated content written for readers is small. But I see no reason to give up. Quality decides many things. If we are talking about readers, it is unlikely that any of them will ever find a duplicate tweet from a search engine. The reader is most likely to find a post written by a real person for a real reader.
I believe that we should improve what we can improve without getting distracted by what we cannot change. There will be a chance to change something more, it is worth using it. So step by step we will be able to move forward.
Good point about the view counter. Steemit had one for a while, but they took it away. Recently, I've been wondering if they might consider publishing daily top-20 lists of most viewed posts in various languages. Either that or maybe add the view counter as a premium/subscription service...