If 90% of the rewards to the content publisher, then wouldn't it be much more profitable to publish your own content and vote for yourself (much like it is on steemit.com right now)?
Also what is to stop non-credible media outlets from buying votes, like you can do right now?
It seems pretty clear on steemit.com and other steem-based sites the reward payout value on posts is not a good indicator for "value" or "quality" for these sort of reasons, so why do you think that in this case it would be a good indicator for credibility?
Like I said at the beginning of the post, this is a complex problem and the post was not intended to be a total solution. It was simply intended to illustrate the future capabilities of Smart Media Tokens. A lot will depend on the implementation, the user interface, and how users become eligible to receive the tokens. But these are all issues that are outside the scope of this post. The point was that SMTs will enable you to get very far, very fast, but you are right, they will not solve every problem imaginable. They will not be magic. Thanks for reading though, and thanks for the thoughtful comment.
@andrarchy You're absolutely right. I am looking at this from the point of view of someone who is very familiar with SMTs, how they are planned to work, and what they can do, so my focus is mainly on how to solve the (relatively few) remaining problems. But obviously the majority of people, even within the Steem community, are not as familiar with SMTs and this post is a great introduction to them and how they can potentially solve a real-world problem!
@andrarchy You're absolutely right. I am looking at this from the point of view of someone who is very familiar with SMTs, how they are planned to work, and what they can do, so my focus is mainly on how to solve the (relatively few) remaining problems. But obviously the majority of people, even within the Steem community, are not as familiar with SMTs and this post is a great introduction to them and how they can potentially solve a real-world problem!