Jiro comments on Weirdness at the wiki - Less Wrong Discussion
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I'm not referring to an overall karma score, but to each individual post. Posts at -1 are much less credible to readers than posts which aren't at negative values. And unlike one's overall karma score, the -1 is right there where everyone can easily see it and react.
So it's not your reputation that gets destroyed but the credibility of your posts? I still don't see it. Maybe I'm a unique snowflake, but I treat comment karma as the attitude of the hivemind with a lot of noise added, so a comment at -1 means to me that 1 (one, single, solo) person disliked it. So what? A comment universally liked is probably too bland and restates the obvious, anyway.