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RE: How Is Steemit Changing - Part 2
The Oracle concept is interesting to assign one person one vote and limit gaming the system.
I have a different approach. It would a combination of what we have now and a verification level tied to stake weight and reputation.
Essentially Steemit INC does an airdrop to every account over a certain stake weight and reputation score who meet other criteria such as a certain amount of unique voting. That way the bulk of the community who is actually engaging here would become a bigger part of voting.
This would make the barrier high enough that trying to create a bot army to tap into the benefits would be unlikely.
That's a really interesting concept. I like the idea of rewarding unique voting.
The SMT whitepaper is dope and talks about all kinds of different angles. I wonder if we could build and SMT that incorporates that idea for a crypto community... just a thought.
possibly but the issue with the SMT to me is that to really fund it a person has to do an ICO or possibly if there was a killer app high powered STEEM holders could trade into it early but it might suffer from the same economics as STEEM then suddenly where a few hold enormous power and then it becomes somewhat impossible for others to catch up.
I think it will be a little more clear once SMT launch what it is capable of and if it makes sense. I think several of the projects that were thinking about the SMT are opting to just clone the code and start fresh which I understand why they are going that direction.
I think that everyone will be benefited by additional competition in the space and launching a new social media site that air drops STEEM investors who had over a certain reputation and stake weight could be beneficial as well.
Thanks for good comment, follow me on @imangwi