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I hear you on that first point. I wrote the post about it being a Keynesian Beauty Contest. If it’s always going to be predictable then that’s a serious problem that will need to be addressed.

On the third point, people are not going to optimize for this system because it’s too complicated for the potential payoff. Assuming point 1 is addressed, curating content is useful to SN so it makes sense that someone could benefit from doing it well.

145 sats \ 1 reply \ @optimism 8h

Yeah I liked your post. Everything that is algorithmic will be gamed and the more complex you make it, the less people will benefit from it. If you want rewards to be so random that it is unpredictable, the function to do that is random() - a lottery. But why would you have a lottery on the "Frontpage of Bitcoin"? Can do that elsewhere.

I realize that I'm pretty grumpy about this, but that's also because I see a lot of advocacy to centrally keep tuning the dials, which to me, is rather antithetical to bitcoin.

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I’ve proposed using randomization of the rewards parameters to make it less predictable: basically, rewards will still be based on making and zapping good content, but in an unpredictable way.

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