After watching the video linked, it looks like Synereo is working on a 'tipping' system of rewards. Synereo will definitely have its own problems to face after the launch. I think Synereo is a great concept though and for that reason it could serve as some healthy competition. I would be interested to see where it goes. Their filtering function looks really user friendly for example. I can't wait to see some filtering features here as personally I think that's what we need most to retain our active userbase.
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Tipping systems have already been tried in a number of places, and have not lived up to the hype. Stake-weighted voting systems clearly work, as overall, even given the incentive to run vote bots for curation rewards, the quality of what rises to the top is still very good. I also think that over time the equation changes as quality creators maintain their vesting in order to improve both their own rewards as well as to participate more effectively in curation.
I agree. I can't see how you could incentivise users to continue "amplifying" quality posts if only the first few people who leave a tip will gain rewards. The most it costs steemit users is a vote. And unless you are trying to gain curation rewards there is no reason to be stingy with your vote. Since they've been working on Synerio for some time though, I would be very interested to see how they address this. The attention economy is a fascinating concept.
If attention economy does not also weight on stake then it will spread rewards so thin that the benefit of economisation does not exist. Here on on Steem, it is precisely by linking stake and voting power that anyone can even win a big reward at all. This is a simple economic equation that only someone who does not understand economics would think equal vote power is viable.
Actually, I need to correct myself a little. If the 'attention economy' concept works like it does in a democracy, it will grant power to the most manipulative, lowest-common-denominator addressing tricksters. The way that stakes controlling vote power works is that if you have, say, 10% of the share of stake, and your actions cost 1% of the total pool in net losses, you lose 0.1%, whereas the swarms of minnows with only 0.001%, only lose 0.00001%.
Translate that into $100mln total cap. The big stakeholder loses $100,000 from $10mln, the little stakeholders lose $1 from their $100. In proportion, the loss is equal, but I think it is easy to see that the incentive to be good weighs heavier on the bigger stakeholder. For investors, 1% loss is not trivial. For little players, it doesn't hurt nearly so much, especially in a system like this where you can get that little stake from a few weeks of hard work.
No one was interested but this is a decentralized way to let someone a build a content feed now. I don't know how to do it or I would.https://steemit.com/steem-ideas/@dennygalindo/help-me-build-a-topic-feed
I agree, the biggest weakness steemit currently has is the filtering and following limitations. That being said, this is in no way a finished platform and it's only a single part of the steem platform and network as a whole. The devs are actively reading and responding to feedback and hopefully in the end we get an amazing platform that changes the world. If we don't, I won't be wondering what if I had kept my steem powered up (basically staking for longevity). I am not opposed to profiting off steemit by any means, but I am mainly here for the proof of concept and enjoy most of the content created by the user base. If we all continue to point out where we think steemit could be improved, I believe Ned and Dan intend to develop things in that direction. They have no incentive to not promote platform longevity and if they were going for a quick cash out they could have done so already.
This solves follow and filtering
https://steemit.com/steem-ideas/@dennygalindo/help-me-build-a-topic-feed
I like this idea.
https://steemit.com/steemit/@l0k1/steemhordes-a-proposal-for-a-sidechain-for-groups-and-moderation
I beat you by 4 days and my concept is more practical, and lays out a route to develop it. And the devs want to talk to me about what I have been proposing. Ok, pardon my gloating. Really, it is unseemly.
In fact I have been saying since my whale-smackdown, that user-customisable filtering is the critical ingredient that will solve the biggest problems on Steem at the moment.