Dan Larimer of EOS.IO (EOS): VOICE to Be Fairer Than Steem (STEEM)

News
Tue, 02/25/2020 - 11:49
article image
Vladislav Sopov
Daniel Larimer, CTO of the Block.one team behind EOS.IO (EOS) blockchain, decided to make things clear about the token economics of its anticipated VOICE content platform
Dan Larimer of EOS.IO (EOS): VOICE to Be Fairer Than Steem (STEEM)
Cover image via www.youtube.com
Read U.TODAY on
Google News
Contents

The charismatic leaders of the Block.one and EOS.IO (EOS) blockchains are well-known as passionate polemists. Daniel Larimer has decided to prove it once again and to respond to all negativity that has been spread about the EOS-powered content distribution product, Voice.

No chance for self-voted content

First of all, Mr. Larimer dismissed concerns about the content promotion mechanism in Voice. He said that working on SteemIt (STEEM) taught him about the problems of token-weighted voting within a 'one user-one vote' promotion mode.

That's how Voice platfrom interface looks like
Image via EosGO

Thus, according to Mr. Larimer, the Voice system will be resistant to the 'self-promoting' manipulations as well as 'organized' voting for content that is not well 'liked'. Moreover, the maximum quantity of 'likes' for certain posts will be limited to avoid such attempts.

As a result, users that collect many tokens won't be able to get richer unless he or she has published highly valuable content. All of the strategies of 'self-voting' that cause widespread inflation of rewards on SteemIt will be detected and rejected by the system.

Categorization and filtering

Within the initial phases of operations, or 'beta period', the Voice platform will have only a couple of categories the content will be uploaded onto. In addition, Mr. Larimer has a program to revolutionize content categorization based on community-driven contribution.

The developer admitted that the current Voice filtering algorithm is derived from the Reddit Hot scheme. After further development, this will be replaced by a native one to ensure permanent rotation of content even with a small number of content producers.

Related
Voice By Eos.io (EOS) Severely Criticized for KYC and Content Restrictions

As previously reported by U.Today, the Voice platform received some negativity from the community once its KYC/AML-restrictions were disclosed. To meet the requirements of the U.S. SEC, the strictest financial watchdog in the world, Block.one may ask its potential users to provide a government-issued ID and proof of address.

article image
About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

thecryptobuds