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RE: When You're Rich, Everything Comes Free: When Reputation Matters
This is kind of what klout tried to do with twitter years ago. I even got a bottle of steak seasoning once because of my old klout score. But all reputation systems have the issues of the oracle (identifying bad actors) and gamification.
I use Uber a lot and rarely give anything except 5-star reviews because I know that the driver will get booted if the score drops too much. It has to be something pretty egregious to get anything except 5 stars. And that's without the drivers asking me to do so.
And then, what's the incentive for an objective 3rd-party reputation system to develop and maintain the system in the first place?
Right this is why decentralized atmospheres are so exciting. The middle-man oracle can be eliminated opening the path for new solutions that were previously impossible. Unfortunately the complexities of such an endeavor are far from trivial.
Yeah, without the oracle, gaming the system is too easy.
This was Larry Page's fundamental insight in creating PageRank. Each link from one webpage to another was a vote by the linking page for the linked page. But not all votes are equal.
As soon as this was reverse engineered, the SEO industry was born to manipulate that PageRank.
Non-trivial indeed.