RE: Is there a more useless metric than reputation?
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On Hive, this is demonstrated poorly through the use of stake and reputation, where the assumption is that stake will be more inclined to work for the betterment of the platform than unstaked, and that stake will identify people of value who support their vision. The concept is pretty solid, the application is very poor, as people are people, regardless of stake and, they potentially make their decisions on who to support based on points that aren't necessarily in line with the betterment of the platform, or potentially not in a way that is needed now, so there might be an alignment problem.
Oh! @tarazkp C'mon! Are you by chance trying to tell me that that infallible UserAuthority Algorithm made by the chaps of @steem-ua turned out to be useless in the end?
At least from an algorithmic point of view to assess trustworthy & reputation thru the blockchain?
This means that there is a need to solve the problem at some kind of technological level to provide trusted information we can act upon, without having to spend all of our "human time" cross-referencing data through our biased filters.
Oh boy! maybe we should adopt the chinese Credit Score System asap! };)
I think UA was calculating fine, just the wrong things perhaps.
As said, it is going to be done with more and more accuracy, how it is applied is going to depend on who applies it. Keep wealth in the hands of the few, it will be them who apply it.
I think UA was calculating fine, just the wrong things perhaps.
As said, it is going to be done with more and more accuracy, how it is applied is going to depend on who applies it. Keep wealth in the hands of the few, it will be them who apply it.