Right, its because the stake and vote-contribution is public. Its proof of socio-economic-status and not proof-of-brain --> Hence shitty content... Stake only should give you the power to earn return (like in share-holding) not social power. Right now, its pay-to-win. Selfvoting contributes to nothing. Like downvotes/flags are contributing to nothing, like multiple accounts are contributing to nothing. ...nothing but abuse. If one wants a DAO one has to solve the identity-problem with something like Dan proposed with proof of life, then you can democratize the social layer and leverage MIRA. MIRA does not work in a plutocracy. Greed is good (its the driving force) but you have to regulate and utilize it like in bitcoin.
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Proof of wallet will never provide nominal incentive to create good content. Proof of brain is not derived from stake, but the subjective opinion of actual persons, and no automated mechanism can provide it. None of these proposals changes any of that, but will make selfvoters and bidbots more profitable - at our expense.
I flag trash. You have received a flag.