17 JUN 2013 by ideonexus
Beginnings of the Reputation Economy
The formal reputation networks that exist AF arose
organically from the informal social media developed
through the 21st century. An early barrier to
interacting with strangers online—particularly when
engaging in financial transactions—was not knowing
if the person you were dealing with was reliable.
Primitive reputation scores were the first solution,
enabling buyers to rate sellers. These systems rapidly
spread to social networks, discussion forums, and
filesharing sites, as a way of v...How an alternative economy based on reputation could form in the future.