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Exactly. Let's say that MarketRank grows in market share to be the dominant search engine. What's to stop someone from then gaming Reddit / HackerNews posts and comments with bots and fake accounts because the operator understands that these websites now have "community verified rank importance"?

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They're already gamed or easily gamed. You can buy Reddit accounts with high amounts of karma which are sold to people who are trying to do "astroturf" promotions.

Yes, and the sites themselves become valuable targets for M&A because of their outsized influence

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