I read Dharmesh Shah's "Lamenting the Loss of Reddit" at onstartups.com, which furter fueled a notion that's been brewing for some time now.
When does the Wisdom of Crowds become Herd Mentality? And why? The easy answer is that with wider adoption it's inevitable. Early adopters are, I would propose, more interesting people, generally, than later waves of mass market users.
If you're a social media startup is it an unconscious goal to make your community boring? Are Paris Hilton threads a sign of success?
This is only a thought stub, put out quickly. I'm interested to know what others think about this.
Diversity of opinion: Each person should have private information even if it's just an eccentric interpretation of the known facts.
Independence: People's opinions aren't determined by the opinions of those around them.
Decentralization: People are able to specialize and draw on local knowledge.
Aggregation: Some mechanism exists for turning private judgments into a collective decision.
I would think that for most sites the first three would be the greatest challenges. The worst part is probably that what's most popular is getting greater exposure, thus making it more popular . . .