Reputation, the true free market of justice: Reputation vs Defense cos and DROs

  1. too many ancaps bypass reputation and favor private arbitration services.  this is a critical mistake.
  2. in a free society there are no laws, only terms of an explicit contract and your ability to enforce it
  3. reputation is how you interact with the market, making every transaction part of a repeated interaction.
  4. reputation is the ubiquitous and the most accessible safety net for society
  5. we all depend on the market for survival. it is unlikely that a person can produce enough to sustain himself, but because of comparative advantage, specialization, and mutually beneficial trade, it is possible to sustain the current world population.  reputation is therefore a very critical asset.
  6. information costs going to 0 implies that access to reputation is virtually free. information is the cheapest good. like a wikipedia for people containing your reputation score analogous to a credit score.
  7. liable, slander, incorporation, bankruptcy, and tort law pervert the free market and inhibit reputation. people can use these laws or pseudonyms to shield their reputation from the rest of society.
  8. arbitration is almost not necessary, and possibly already taken into account when you unleash reputation
  9. your first line of defense of property is yourself, then reputation. then people you contract with to prevent,defend, or reacquire property
  10. insurances is just a risk transfer, it can pool risk but it creates moral hazard and adverse selection.
  11. all contracts, DRO’s, and insurance structures still rely on reputation.
  12. in a repeated game, reputation is enough to optimize an outcome for the group.
  13. in a free market there would be an open source reputation system.  anonymity would be reduced to almost nothing.
  14. the components already exist, open source like bitcoin, accessible and managed by community like wikipedia, feedback scores like ebay, fico, or amazon.
  15. the reputation system could be compartmentalized into an information portion and many scoring systems that organize and quantify the information. all the scoring systems would share the central information protocol.
  16. scoring systems can quantify different segements of reputation. just like ebay categorizes performance, ones reputation can be scored based upon personality, political/personal beliefs, occupational performance, credit history, predictive performance,… etc. things like iq scores and academic scores would be provided and made accessible to everyone.
  17. anyone can contribute information to the reputation system. every comment will be monitored by the community.
  18. your reputation is not your property, reputation is how society and other people value a relationship with you. therefore you cannot choose to withdraw information about yourself from the system
  19. reward system for contributing useful and true information or analysis
  20. punishment for contributing fallacious or deceptive information or analysis
  21. video would be part of this information system.  also other evidence like pictures or testaments
  22. those with low reputation would live a restricted existence, and experience a high cost of doing business within society.
  23. ostracism would only happen when a person was a net negative to society. where the risk of unwanted behavior outweigh the potential for desired productivity of that person
  24. all information in the information protocol is indelible.  This would ensure the integrity of the system.
  25. the reputation system would be the hub for all contracts. making contracts available for the masses or particular individuals
  26. notary services would be provided
  27. the reputation system may have the DRO system built in it. the DRO system may be reliant on people who arbitrate based on their high reputation. “freelance” DRO or judgement based on a panel of high performing, high reputable people.
  28. reputation can become money itself?
  29. you want competition in law because of bad law.  you need an evolutionary mechanism to correct this.  the worse the law the greater evolutionary pressure. pressure is proportional to the amount of competition. also no incentive to innovate or create a better alternative to current law with monopoly
  30. it is cheaper to aggress against people that are not any benefit to others.
  31. different law would manifest itself in terms of different scoring systems of the information block
  32. you need different scoring systems to compensate for a dynamic environment to better find the optimum scoring system.
  33. different laws are need just as different goods are needed

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s