To be honest, as one of the whale, i am not interested in most of the posts on this platform, i think other whales is the same too, not interested or don't have enough time, some of the whales are using robots to vote, if the whales(only 130 active in 24 hours with more than $60k worth of SP) are incompetent, why not let the users (more than 4000 active in 24 hours) do the curation job?
I think it's difficult to abuse the reputation system, it's very hard for the new accounts to gain reputation, so i am not worry about the sybil attack.
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Reputation and System Power should be earned not bought, that includes votes. Voting should only increase SD but not Steem Power. Reputation and Steem Power should be earned from active contribution to community (and humanity) not by buying or having it funded by whales.
I am pretty sure that reputation is earned and not bought. A quick analysis will show that there are a very large number of large investors who purchase SeemPower who have a smaller reputation score that other people who are consistent positive contributors, but have a smaller overall investment in SP.
There are two different systems in place. Reputation system and reward system. In a way they are related:
-With the reward system based on your investment- the system is assured of you alignment with the success of the platform based on how high your monetary investment is.
-With the reputation system based on social approval and contribution- the system is assured of your alignment with the success of the platform based on your accumulated positive contributions.
If some of those whales have smaller reputation (uncommon), that's maybe becasue they do not post much in their blog. If you are whale, it is easy to get higher reputation. Just post something and all other whales would jump on your posts, including all poor beggars. You will qucikly earn reputation.
If you are poor, then it takes a very long time to raise your reputation.
It is defenatly harder when you have no rep to gain rep. Even by making original content.
But i do agree that the rep system is socaily based and most of it is positive, there is the point where one can oversee something though
that's moronic, how are you going to raise the value of steem if no one invest their money in it or get any value from investing?
I like your point:
Reputation and System Power should be earned not bought.
Thanks for the comment xianjuan
a job that I see needs to be done is a good curator job, for each subject.
for example, @infovore reports on the whales and miners. He's doing a Steem Mag for that purpose.
Also, what's needed is information aggregators who condense the best material into a Steem magazine for each subject so that whales can learn who the best content creators are. I have suggested this to one, and he's doing a Minnow Report. This needs to happen in all subject areas.
It sounds like and interesting. But what do you think should be the point of reference for "the best content"?
Logic, for some reason I could not reply to your early response above so I am posting here:
"If some of those whales have smaller reputation (uncommon), that's maybe becasue they do not post much in their blog. If you are whale, it is easy to get higher reputation. Just post something and all other whales would jump on your posts, including all poor beggars. You will qucikly earn reputation.
If you are poor, then it takes a very long time to raise your reputation."
I will not argue the point, you may be correct. But the fact remains the reputation scores are earned for (non financial ) contribution to the platform ie posting ect. Where as seniority levels (whales, minnows ect) are rated by the amount of skin you have put into the game (financial investment mainly in the form of SteemPower). They are two different measures with different type of benefits.
I will support @james212 's claim by quoiting this from my post:
" the crowd will support anything that the whale has to say, no matter if it's good or bad."
:-/
But then we need a much more complex rep system inplace
Whales can simply create multiple accounts, so simply changing weighting isn't enough.