If a blog network were driven by a contract that took away credibility tokens when enough fake-news tokens are amassed the token would have actual heft. Curren

If a blog network were driven by a contract that took away credibility tokens when enough fake-news tokens are amassed the token would have actual heft. Currently even a billion dislikes has no heft ad they can be ignored. Initial credibility can be gained via proof of stake like how banks used to be so luxurious. The stake that is most valuable is that which is most flexible and can be converted into other tokens with least hops. That would be USD currently but with other countries growing in power a distributed token recognized by all countries maytaje its place. (It may be adopted rather than designed just like may tourist industries have adopted the dollar) Dollars fundamentally express a combination of values but because it is one token, the resolution of the values blur together. Tokens increase the resolution to kaleidiscope levels at the cost of confusion. Instead of being able to hold onto one type of token with consistent power holders need to constantly evaluate what combination of tokens allows them to trade for what they want with least hops. The USD lost a lot of trust via bailouts and inflation that reduced wealth for the token holders. Fundamentally there was loss of trust in competence. (which can be made up with increased confidence in military ability!) Ethereum is driven by trust in geniuses. Bitcoin is driven by trust in age. Many altcoins are driven by trust in their respective ideas. Interestingly I think the success of coins is all about building trust rather than technicals (though it's so early that the technical implementation is still very important!) The drum of marketing needs to be consistent for a long time but builds exponentially. Bitcoin currently has the most leverage from this perspective but as the earliest coin it may be saddled with too much baggage to get over the core necessary technical hurdles without splintering. (splintering causes it to become new, destroying the built up age trust!)