Jack comments on Creating a Less Wrong prediction market - Less Wrong

6 Post author: Kevin 26 February 2010 11:48AM

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Comment author: Jack 26 February 2010 12:29:16PM 0 points [-]

For Less Wrong karma to eventually be worth something as part of a reputational economy, there is no way around allowing wealth transfers between karma and real world currency/services. Doing this in a way that scales to the globalist level while not being subject to anything like the USA PATRIOT Act is an unsolved problem.

Can you say more about this?

Comment author: Kevin 26 February 2010 12:36:00PM *  2 points [-]

It's kind of a vague statement acknowledging the limits of starting a new system that becomes more powerful than our existing global system while acknowledging that possibility. There's a long way to go between karma transfers on Less Wrong and the Whuffie system from Down and Out in the Magic Kingdom.

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