So it's down to the "how" of an illegible community currency. Two parts to it: zero/negative sum transactional use, and creation mechanism
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Replying to @vgr
Gold standard in personal/community/social currencies is TIME. Impersonal currencies replace time with another instrument using information
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Replying to @vgr
Examples: you wait to show respect for social superior, social superiors can be late (use others' time). Favors are repaid after time delays
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Replying to @vgr
I suspect usury taboos and proscription against charging interest are because it legibilizes the personal sacredness of individualized time.
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Replying to @vgr
A prince waiting a minute for you is worth more than a pauper waiting a minute for you. Yet a prince/pauper's dollar earn the same interest
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Replying to @vgr
How do we make a feature out of this: delays. Depending on your (unknown) credit, you may have to wait 0.1s or 10s between likes.
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Replying to @vgr
Shadowbanning is actually a clumsy, too-coarse version of this. General idea, use time to tune a user's agency and reach.
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Replying to @vgr
Things like klout fail by being too legible, lack of auto-feedback into ux. I have to *decide* to ignore you because you're a klout loser
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Replying to @vgr
Time as backend currency also helps subcultures differentiate. Mutual follow = less mutual time delay. Fully ignored 1 way = high delays
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Replying to @vgr
With enough inbound, trolls end up auto-muted/blocked at back of oversubscribed queue that more trusted people keep jumping: infinite delay
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Time as a general flow-pacing mechanism is very powerful idea. Musician-gamer @ryangtanaka has explored a bit:http://www.ribbonfarm.com/2014/09/24/the-rhythms-of-information-flow-pacing-and-spacetime/ …
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Replying to @vgr
Now how do you *create* time here? If it is the backend currency, it must be minted right? Idea: make leisure economy literal!
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Replying to @vgr
Some people have more time than money, some more money than time. Figure out who is who based on usage. Time-rich sell time to cash rich.
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