Last year I wrote an article called Minds should adopt a reputation system that works, this was a short and sweet article about the system Stack Overflow uses to identify reputation of users in the community and how using these basic layout could improve Minds and the channels/users that contribute to the community in a productive way by giving them assigned value of public “reputation” points for others doing things to content like an up-vote comments over the values of posting a link or text for points.
Minds still doesn’t have a public reputation system but its token reward system acts on how registered users interact with your content, but what happened to a reputation system? Do we need to identify reasons why a reputation system is valuable inside a community, expressly one that will hopefully have a valued token outside the network. In 2010 Forbes wrote an article titled “How To Design Online Reputation Systems” stating,
“Some of the most exciting ideas right now have to do with harnessing the collective intelligence of crowds and communities. Think of open-source software and knowledge markets, of user-generated content platforms--just a few ways that loosely networked users can create or evaluate products, content or ideas. The Web is social, people are interlinked. And this seems to offer executives the promise of providing something--ideas, work, decisions--for next to nothing, if only they can manage it correctly.
The first step is to understand that the social Web is paradoxical. New platforms may be all about harnessing crowds and communities, but in the end those groups are only the sum of individuals. Your company’s social web efforts will only succeed to the extent that you are able to attract good individuals, motivate them to perform good work and empower them to get to know and trust one another.
The question becomes, how do you do that? And the answer is by capitalizing on the motivational power of reputation.”
As of now Minds has accomplished some of this (in my view) with the token reward system , rewarding creators for ideas, work, and activity from other registered users. Minds is still missing a key ingredient for creators to gain revenue making content and this is a reputation system, a way to identify what your peers think of your channel and its services, provided rewards, content and sales.
I say reputation system for a reason and this is because a reputation system is completely different than a governance program as reputation systems run off peer based reviews and actions over a panel or vote system of a controlled entity.
I have not seen a governance project that I liked in a long time, and I'm not against them, a community user bored could accomplish a lot on a open sourced network I feel if Minds were to implement something to vote on upcoming features, issues that need addressing and other things that affect the you at a user level.
I have heard that @medworthy and @Luculent are working on a governance project of some type that I am looking forward to reading and and giving my input on, if anyone can get me on bored with a governance project its probably them, and of course I have no idea how long it will be before the final idea is presented to you so glad to give some hype ;)
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