NIGEL, WHAT HAVE YOU DONE?

[Pæs]

http://www.juggalocoin.org

[Mesozoic Mister Nigel]

[Cardinal Pizza Deliverance.]

Wow. That's a thing.

[Junkenstein]

After the galtcoin, I think more than a few people are seeing cryptocurrencies as a way to try and establish some sort of additional legitimacy. And make a quick buck.

This could actually be the start of a development of literal social currency. You're a goth? Not without at least 1 GOTHCOIN.

[P3nT4gR4m]

And so the reputation economy begins. Bye bye capitalism, the last great bastion of 20c. From here on in, it's going kickstarter and facebook likes!

[Junkenstein]

Reputation economy has a nice ring to it. We already live in a world where more people trust celebrities than scientists and where your past group memberships can haunt you 30+ years later. More than a few companies have tried a version of Blizzards "Real I.D" linking your actual real life personage with game accounts. For the exact reason of reputation, amazingly enough.

There are possible up-sides, such as scientists being able to endorse other scientists for example but for the vast majority of people, making your personal information this accessible is probably unwise.

[Reginald Ret]

Reputation economy has a nice ring to it. We already live in a world where more people trust celebrities than scientists and where your past group memberships can haunt you 30+ years later. More than a few companies have tried a version of Blizzards "Real I.D" linking your actual real life personage with game accounts. For the exact reason of reputation, amazingly enough.

There are possible up-sides, such as scientists being able to endorse other scientists for example but for the vast majority of people, making your personal information this accessible is probably unwise.

Your lack of faith in the privacyprotection inherent to the reputation economy is disturbing. Consider yourself downvoted.

Don't you see that unscrupulous characters that steal data would get downvoted alot? Especially if wikileaks catches them.

[P3nT4gR4m]

Reputation economy has a nice ring to it. We already live in a world where more people trust celebrities than scientists and where your past group memberships can haunt you 30+ years later. More than a few companies have tried a version of Blizzards "Real I.D" linking your actual real life personage with game accounts. For the exact reason of reputation, amazingly enough.

There are possible up-sides, such as scientists being able to endorse other scientists for example but for the vast majority of people, making your personal information this accessible is probably unwise.

I've been looking at various post-scarcity models and reputation seems pretty feasible, once you detangle all those - money is an actual real thing - memes you've grown up with.

The penny didn't really drop for me til I looked at Kickstarter in that context. Strikes me that one site is already perverting the capitalist model in this direction. I'm guessing it'd end up kind of democratising economics

I posted this on another site. Sort of explains my thinking so far (still very woolly)

I have a very vague, fuzzy, impression of where I think this is going but what I do see suggests that it would work best if currency and digital democracy became a new hybrid organism, akin to likes on facebook. Say you could invest 1 like in as many ventures as you wanted, with the ability to unlike for whatever reason at any point in the future.

I think for big stuff this would work if we could apportion available resources by human headcount. eg – the rights to all the platinum mass available was (in theory) divided equally amongst everyone. This would mean that I held title to x-pounds of platinum.

So some projects come up that require y-amount of platinum. We "invest" our platinum rights by liking the projects that require it. If these projects become feasible (enough likes) we can then determine, how much platinum is required, and then divide that by the number of likes and remove that from the accumulated pot.

Whilst I realise that the management of this quickly becomes inconceivably complex, nowadays we have Amazon or Google for managing inconceivably complex datasets so I'm confident the implementation is possible.

I think the main thing that stands in the way right now is this concept of "profit" which neutralises resources. All those diamonds in the vaults of de-beer's doing nothing useful. This is a throwback to competing for resources. This really needs to change. It got us where we are but now it's holding us back.

[Junkenstein]

Vaugely related:
http://index.rpg.net/display-entry.phtml?mainid=13545

I've heard many positive things about this, and it seems to consider exactly what we're discussing as part of it's mechanics.

[P3nT4gR4m]

Haha, yeah. They've been reading some of the same scifi as I have. Can't remember where but attaboys and frownies was mentioned somewhere. Look for "down and out in the magic kingdom" by Cory Doctorow

[Suu]

We need Peedeecoin.

NAO.

[Chelagoras The Boulder]

SHUT UP AND TAKE MY MONEY! IN EXCHANGE FOR A PURELY DIGITAL POST-SCARCITY FORM OF MONEY!

[Mesozoic Mister Nigel]

Just to clarify, I am Nigel and I think all of this is fucking stupid. If you choose to recognize Nigelcoin, that's on you.

[The Good Reverend Roger]

Just to clarify, I am Nigel and I think all of this is fucking stupid. If you choose to recognize Nigelcoin, that's on you.

See?  A crook wouldn't say that.  I'M IN!

[Mesozoic Mister Nigel]

Just to clarify, I am Nigel and I think all of this is fucking stupid. If you choose to recognize Nigelcoin, that's on you.

See?  A crook wouldn't say that.  I'M IN!