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RE: I've been thinking about the Oracles - Collective Wisdom / Collective Consensus

in #steem7 years ago

Hi Neal!

It depends a lot on the SMT design and the Oracle. Lots of the smaller, more topic-focused SMTs I expect to see should work fine with community Oracles. That's a really good place for them, so that, say @pechichemena wanted to make an SMT for cover-a-steemian, we could have a few Oracles who were active in the community verify that the people getting the tokens were playing the game by the rules.

Using them site-wide to address the grandiose issues Ned likes to pontificate about is a much tougher problem, but I'm not convinced that's ever going to happen anyway. Good Person Token seems to be a marketing concept Steemit is using because talking about humans vs. bots is a good way to lots of views and discussions here right now, not an actual project.

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If the token is very narrow in use and it’s economic value is low, then that makes sense. There isn’t enough profit for the spammers and scammers to bother.

But then why bother having a token that isn’t worth much?

Who knows, maybe they have a brilliant solution to making the whole thing work. I’m just skeptical is all :)

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