This is an interesting discussion. I remember reading somewhere that a revamp to the reputation system has been in discussion for a while but still hasn't been implemented. Not sure if there's any possibility that will happen on the next Hive Fork but, either way, it could be a good metric for commitment to the blockchain, as you said.
I must admit I completely forgot about it when I found out how it was calculated but you raise a good point. I think it needs some work before it can be a reliable metric but maybe it can be a rough pointer.
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I am not sure if there is something in the works to revamp the reputation system. Either way, we are now at the point which it has some usefulness albeit it not huge.
It is just another feature that is seeing evolution even if it isnt changing.
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