RE: RE: What one thing does Hive need to thrive?
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RE: What one thing does Hive need to thrive?

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5y

How about either redefining or fixing Proof-of-Brain? PoB gets comprised of two revolutionary new token features. One is the rewards pool which gets used to incentivize content creation and curation. The other is a voting system that they said harnesses the "wisdom of the crowd" to assess the value of content and distribute the said tokens.

I'm sorry to say that Steem/HIVE has never harnessed crowd wisdom. To harness the "wisdom of the crowd," all accounts need an equal say, and there must be mass (non-automated) participation for the consensus to be anywhere near accurate. Neither of the two elements used to tap into crowd wisdom can happen here.

As soon as you come to the truth of the matter and realize that it was a fallacy from day one, then you can abandon the notion that you're helping to reach any near-accurate consensus with either upvotes or downvotes. And that's the beautiful thing about the "wisdom of the crowd," when applied correctly, it gets it right damn near every time.

You're going to need a new system to get Proof-of-Brain to work. Crowd wisdom cannot and will not happen here, and because people are still pretending it does, it's driving a lot of people away in the name of a fugazi consensus and broken PoB.

The reason people were amazed by crowd wisdom is that it's stunningly accurate when tapped into correctly. However, when it does not get harnessed correctly, the results are stunningly poor. Fix PoB before another one of the clones does, and you'll have a first-mover advantage.