You are viewing a single comment's thread from:
RE: GOOD PERSON TOKEN: Something Big Is Coming From Steemit Inc!
Hey @Bryan-Imhoff,
I think you haven't completely gotten the content of the post. Here are the 3 rudiments contained;
1- Account-Based Weighing: GPT will not be a stake-weighted thing. You earn it based on following correct social principles as its name implies. Having more GPT will NOT earn you more GPT.
2- Individuality Verification & 3- Superlinear Rewards Curve
These ones I think are self-explanatory.
I hope I cleared your confusion. Cheers!
fucking rofl
I was straying back into the concept of stake weighting just because of the mention that GPT could have a value based on its ability to sort trending content. With account based weight this wouldn’t be the case, as a 1 GPT balance would have the same effect as a 1,000 GPT balance in the same account. In that way I would see GPT as more of a gamification mechanism, as the actual use of it for voting purposes could be achieved with a simple badge system or on/off switch vs. a running token balance.
I can appreciate the value of a GPT like system as a sorting and content discovery mechanism. However I think the monetary value will still rest in Steem distribution. If GPT doesn’t directly distribute Steem, and only distributed itself (more GPT) then the monetary value distribution will only be influenced organically via better sorting & discovery, but will still rest on SP holders to actually choose to vote for the discovered content.
I guess my biggest question is if the blacklist only prevents the flow of newly generated GPT rewards tokens to the affected accounts, or if it also negates their influence on the system entirely. I’m guessing it’s the latter, as it seems to be crucial & necessary. With any GPT holding account having equal influence on content discovery, it would be trivial to acquire and distribute GPT to a bot network.