Continuing the discussion from The conceptual GeoFlux currency:
It seems that the main focus of Backfeed is getting value distribution within (decentralized) networks of people right. That is a goal that is also followed by Quantified Prestige, but it’s only a secondary consideration, after its main goal of transcending artificial digital scarcity.
What are the relative merits of Backfeed and Quantified Prestige, respectively, when it comes to network-internal value distribution?
Properties of Backfeed
- Backfeed seems to be decentralised from the start.
- Backfeed prevents certain failure modes of reputation systems by creating incentives to grant reputation in a way that is similar to those of others.
- Backfeed also creates a log of actions of all users. Each action can be rated, which contributes to the overall reputation of the user.
- Rating actions can be rated, too.
Properties of Quantified Prestige
- QP can work in a centralised way for small groups of people who really trust each other.
- Esteem points are strictly limited in QP, so that no reputation inflation is possible.
- Esteem points can be allocated freely, and can be taken back at any time.
- Obivous failure modes are avoided by using specific factors which can reduce esteem power under certain conditions
- Esteem point allocation is usually private, while reputation scores (Prestige) are public
Both systems may have their own strengths and disadvantages. I wonder whether it may be possible to combine both systems in a way that will create a better combined system. Alternatively, each system might adopt elements of the other system to improve its own quality.
What do you think?