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RE: 2 Problems Plaguing Steemit That Synereo Could Potentially Solve

in #synereo8 years ago

Regarding defences against this kind of gaming, such as with bots, for example, well, first of all, flagging works effectively to push them off the page with subzero reputations, but I think that some kind of minor PoW that cannot be accelerated would limit user post rates, same as what HashCash (the precursor to bitcoin, in fact) and Bitmessage do, precisely to rate-limit spamming. Bitcoin uses it to rate-limit new coin issuance. It works as an inflation controller, but as Steem proves, you can direct inflation to useful purposes. Dash also demonstrates this principle as well, by redirecting it to fund development and platform marketing. Steem doesn't need this because the users themselves are the biggest marketers, and right now, playtesters, and maybe eventually the idea of this being a governance system to regulate developers may become integrated too.