I think it's a good approach, but it's fundamentally not that different from existing models in that the people who judge a post as "thoughtful" or otherwise have no incentive to think carefully about their judgement.
There's some cryptocurrency communities that use some interesting incentive mechanism in that upvotes have real-world value[0], but the problem is that the content is incredibly cryptocurrency biased rather than anything of general interest
Well the point is that the reputation accrues to the author, not the post. So that a post will get a boost if the author has been rewarded in the past.
There's some cryptocurrency communities that use some interesting incentive mechanism in that upvotes have real-world value[0], but the problem is that the content is incredibly cryptocurrency biased rather than anything of general interest
[0] https://en.wikipedia.org/wiki/Steemit