It's just quicker to discern if you use Boost because you will be closer to good ideas all the time. If you don't use it you will have to spend more time discerning and you will be farther from good ideas.
Post by twetch#2584
Suppose a song gets $1000000.00 worth of Boosts and the content creator gets $5k somehow. Has the content creator been properly incentivized? Or is it really obvious that the wrong party is getting paid?
What the chain says
- Block
- 633 338
- Time
- 2020-05-04T00:15:36Z
- Signer
- 17mNxa3wLR3UpkxzBHkTQ1ynn6boQ3zGjY
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#2584
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
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17mNxa3wLR3UpkxzBHkTQ1ynn6boQ3zGjY VerifiedReplies (7)
Boost is an upvote system. It's for when you want attention. It's up to the buyers to value their information correctly. In this scenario, it sounds like the songwriter got enough boost to get a high content ranking for a song that people didn't like.
If you want to consider the viability of your system, you must consider how it can abused. Marketing firms will just buy big boosts and have an unfair advantage over little guys. Sure the little guy will win occasionally but not as a rule.
Boost can't be abused. The winners are those who correctly value their ideas. People with money who overvalue their ideas just lose the money.
Of course it will be abused. Marketing firms will have a process for vetting songs. Of those, they'll know what % statistically will succeed. And they'll know to the dollar how much to Boost. Individuals, as a rule, won't have enough to $$ to compete.