Every site I have belonged to has implemented a similar idea be it for circuits, code, product evaluations, and so forth, and they all fail in short order. Typically, the endeavor begins with a lot of enthusiasm and after that dies, no one checks to see if the list still exists. New posters and even more experienced posters don't check because there is no index and no way to tell chaff from the grain.
The basic idea appeals to me. In chemistry, there are compendiums of synthetic methods, all of which have been independently validated. They are quite useful to both beginners and experts alike. Examples are Synthetic Methods, Feiser & Feiser: Reagents for Organic Synthesis, and others.
My suggestions:
1) How will the circuits be indexed? (I consider this the most important element missing from failed attempts.)
It is probably unlikely that all or even most circuits will be validated independently given the way blogs work. So,
2) How will submissions be evaluated for acceptance?
3) How will comments be edited?
Regards,