Jordan comments on December 2009 Meta Thread - Less Wrong
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Comments (67)
A model could be Stackoverflow.com which has an option to mark a post, thread or single comment as "karma neutral" (in LW terms; they call it something else). The up- and downvotes still work, they're just not applied to the author's karma.
There's some slight potential for abuse if that were transposed here, insofar as someone could take advantage of it to troll with impunity; but I don't see someone being amicable enough in the first place to amass much karma, and then turning around and becoming a troll.
That's why I suggested "no net positive karma". It would be the exact same system as you just described, except that votes would be applied to an author's total karma if the cumulative votes for that comment were negative.
I'd prefer a "karma neutral" setting, going both ways: one thing that strikes me as an issue here is that an "open" thread isn't quite as open as it might be if you could declare it safe to post there without worrying about losing karma.