This is a short post inspired by "EXEMPLIFYING EQUITABLE GROWTH: MR. GOOGLE SERVES ME A BAKER'S HALF-DOZEN FROM THE WCEG WEBSITE, AND WHAT I LEARN THEREBY...". Delong looks at google results for his blog archive, and finds they are very weakly predictive of what he thinks is useful about his blog. He thinks about that in terms of the "flow" of intellectual discussion — what people are talking about — versus the "stock" — what is known.
I think that's a productive analytical frame. Websites live and die off of their salience to the flow, but their long-term value is what they contribute to the stock. Twitter is optimized for flow to the point where it's nearly useless as stock; but high-quality work that never gets into the flow ends up so unread and hard to find that it has little value as stock.
For sites like Less Wrong, I think that thinking about stock and flow could help to improve how upvotes work. To some extent, upvotes help promote a healthy flow, which is an important and useful goal. But that is essentially a short-term value, and so upvotes like that should decay. On the other hand, upvotes also serve as long-term markers of valuable stock. That kind of upvote shouldn't decay.
One place this kind of thinking could lead would be to having different kinds of upvotes. "Thanks" and "good question" would be more flow-y and thus decay faster; "well said" and "good link" would be more stock-y and last longer.
I think that asking people to differentiate their votes in this way is too high a complexity cost and would discourage engagement, but I strongly agree about the importance of stock vs. flow, and the long term value being in the stock.
When I'm doing a post that I hope will become valuable stock, I try to do extra editing passes, and avoid things that will tie it to a particular time, and I prioritize doing such things.
I don't downvote things for 'this is only flow and not stock' but I definitely have a much higher bar before I upvote flow, wish others did the same, and sometimes consider downvoting such things because they get too many upvotes for my taste; perhaps doing this after a week or two would accomplish what we want - if one is archive diving you can make such adjustments.
Another question is, there are often-referenced posts from the past that are clearly valuable stock and have pretty low scores - many important sequence posts for example. Is there a good way to encourage people to upvote them, to allow them to be better found?
Sure, but there comes a point as you're backchaining through posts that I think it makes more sense to go 'okay, it turns out there's like 10 (or 100) of these things and it makes way more sense to read them in order.'