The 36 hour interval is for rewards only. You also don't have to be trusted to receive rewards.
Trust is a web and trust spreads pretty well in the web. It's true that if you aren't participating I don't trust you - but if you aren't participating, how am I supposed to determine you are trustworthy?
It's just the adversarial thinker in me, but do you think that mod-centric trust will lead to you getting a majority of the website's attention? And by extension, the posts and comments you give attention? In a non-direct, way, people get paid to interact with those they can infer are trustworthy. And you own the algorithm for determining that.
(I'm not criticizing. I know you're more interested in the longevity of the project. But it is a point a buttcoiner could make.)
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I think there will bias toward the "mod's" POV, yes, but it's a rather soft touch relative to outright moderation. Currently there are also many users who have a trust level similar to my own.
We do plan to have each user have their own web of trust eventually - meaning they are the mod for their own SN experience.
The alternative to trust webs are trustless ranking algos, which we also plan to experiment with, but those are hard to design in a way that lets users posting content earn.
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