PhilGoetz comments on Open Thread: April 2009 - Less Wrong
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If you remove votes by people below a karma cutoff, then the people who have karma control access to karma. I don't really think it would be a problem here; but I have seen that same mechanism wreak havoc on a different electronic community.
Karma mechanisms are always under attack and need constant policing and tweaking. They are worth it, but that is their cost.
I thought his suggestion was about being able to analyze poll data with various karma levels. That makes a lot of sense if you want to know what people with varying participation in LW think.