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: Kevin 26 February 2010 12:23:52PM *  1 point [-]

It is an awful lot like buying karma, but I'm not sure that's a bad thing. If people really want karma so much, why not let them buy it? They are the ones creating the monetary value here. Don't most people here think that karma is unimportant anyways?

I doubt that karma will regularly be given out for donations if karma transfers become popular here. I was just hoping to draw out two or three people to donate and make this post more interesting by linking it up with an existing meme.

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.

So the Top Contributors section remains meaningful, we could separate that ranking list from a list for most karma.

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.