I was thinking about the same thing.
Here is a thought I just had. (Late night ramblings of a madman.. hehe)
Assuming we have the GPT token. Accounts Based, Wisdom of the Crowd Awesomeness.
Now lets imagine if Steemit implemented a third SMT. Let's call it "PROMO".
If Steemit were to recreate the UI to to accommodate both GPT (Accounts-Based) and PROMO (Stake-Based)
We could then sort most of the posts by the GPT token based on total votes allocated to that piece of
content.
In addition Steemit could reserve the top three to five positions under a specific TAG/Community to be sorted based solely on the Stake-Based "PROMO" SMT. (Similar to how Google has the recommended/top search results.)
Here is the cool part. The PROMO SMT's reward pool will be primarily distributed through GPT tokens that are locked up in "GPT Power". The "GPT Power" would have zero effect on the GPT reward pool, but it could be used to distribute the "PROMO" token through the "Influence Sharing " feature that is proposed in the SMT Whitepaper.( Page 57). In this scenario lets say that 75% of the PROMO token reward pool is distributed exclusively through locked up "GPT Power" and the other 25% though "PROMO Power". That would allow both tokens to have a value to advertisers, power users, and investors. I would have to assume that buyers would prefer to use the GPT token to access the PROMO reward pool and advertise/boost thier visibility on the platform.
Value Flows
- GPT token is distributed through Accounts Based, Wisdom of the Crowd.
- GPT holders can then Sale or Power up the GPT SMT and begin to promote their posts in various TAGs/Communities using the PROMO(Stake-Based) SMT sorting/advertising system.
- GPT token holder also has the option to lease (delegate) "GPT Power" to Advertisers/Power Users. (This now allows the GPT token to be an income producing asset.)
- GPT now has some value, utility, and yield. Investors/Speculators begin to accumulate or trade both GPT and PROMO tokens
I hope this makes some kind of sense. Sorry for the bad formatting or spelling. I just wanted to push this out before I hit the sack.
WOW! That's a great idea to be passed off midnight ramblings Lolx.
The promo stuff though may hamper the original intentions of this platform.
The idea is to use the wisdom of the crowd to decide what makes a post awesome.
Once people can speculate on it and start buying it or promoting their posts with it, then the original intention will be broken.
IMHO!
Yes. it's a little rough and not ideal, but I would like to see the SMTs have some utility and value. I want to see more than Censorship Resistant karma points.