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Many great videos have a lot of dislikes. I don't understand this argument. It's a useless metric. I don't care who wins the popularity contest.

Many =/= Most. The dislike ratio was extremely reliable when it came to identifying clickbait. Maybe you don't care about that but many others do.

There is a conflation of the like and dislike button of multiple attributes:

1. agreement

2. respect

3. fascinating

4. production quality

These 4 attributes should be graded individually rather than together.