Project PM is intended to address the following inefficiencies:
(a) Watering down of contributor quality within participatory networks: Open institutions such as
reddit.com tend to peak in terms of the erudition of the content conveyed a few years after coming about, with this being due to the particular dynamics of network growth. By definition, early users are early adapters[adopters?], who themselves tend to be better-informed and otherwise relatively capable in terms of the value they bring to the network. To even know of such networks early in their existence is to pass a certain sort of test regarding the potential quality of one's contributions; as knowledge of the network expands, this "test" becomes easier, and to the extent that it does, the network is less "protected" from those who did not pass such a test by virtue of the fact that they did not know of the network until knowledge became more common. Obviously, failing to be aware of some particular institution does not come anywhere near precluding one from being intelligent and knowledgable in general and thus of value to the institution, but the influx of valuable participants versus damaging participants appears to decrease after a certain level of notoriety is reached. Again, the decline in the intellectual relevance of content at
reddit.com is a good example of this.
(b) Data overflow: The watering down process described above does not only result in one coming across information of relatively low quality, but also in having to contend with more of it. On
reddit.com, for instance, a user who scans new submissions will find not only a certain amount of potentially useful information, but also some amount of almost certainly useless information. The watering down of contributor quality also contributes to the extent to which the latter is perpetuated within the network itself insomuch as that lesser contributors are more likely to vote up useless information, thus helping to ensure that the barriers built into the network in order to facilitate the viewing of important rather than unimportant content - in this case, a pre-established threshold of up votes necessary to bring something to the front page - will thereby lose their effectiveness.
(c) Barriers to obtaining raw data: The obvious fact of data overflow - that some data is more useful than other data - is dealt with by means of selecting certain sources of information which one has identified as being a provider of quality output relative to other sources. Bloggers and others who require a steady stream of data in order to operate have certain methods of obtaining that data, and there is of course no reason to believe that any of these methods could not be improved upon to an extent that these improvements would be worth adapting. One has RSS feeds flowing from sources one has selected (and by virtue of having been selected, the sources must have been necessarily known to the blogger in the first place); one has algorithm-based sites like Memorandum.com (which merely shows what bloggers are talking about rather than necessarily providing any insight into what they should be talking about); one has democratic or pseudo-democratic sites such as
reddit.com and
digg.com; and one has the fundamentally one-way outlets of television and newspapers, the content of which is decided upon by a handful of producers or editors (who themselves are working within an incidental structure that does not appear to be of much value relative to what may now be found among the better portions of the blogosphere). A means of obtaining data that improves upon these and all other methods would be of great utility insomuch as that the quality of data is of course one major limiting factor with regards to the quality of output.
(d) Limited self-correctional powers of the traditional media: There does not currently exist any real process whereby a pundit may be caused to lose a column or television spot simply by virtue of not deseserving to have any such thing. Even to the extent that the blogosphere identifies some significant error in the work of someone possessing a signficant hold on the public attention, this information tends to make it only to those who read some degree of the better blog output - and to the extent that they do, they're likely to be already aware of the deficits one finds in the traditional media. Those who would benefit most from learning that certain of their sources for news and commentary are working in a demonstrably flawed fashion - the people who get their information from such sources to the exclusion of the better blogs - are, by definition, not reachable by way of our medium in any direct sense.