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RE: The concepts of reputational risk and feedback in decentralized governance
Nice post..... improving decentralized governance is of the essence
Nice post..... improving decentralized governance is of the essence
In a world where nothing is private, where every behavior is "counted", we must now consider this:
There is no way in hell we can expect Alice to realistically know everything about everyone she ever interacts with. Nor would it make sense for her to want to know this as it would potentially bias her in dumb ways. What Alice would need to know is the answer to her query to the network which could be as simple as "Can I trust Bob?".
The return would be a score, if the score is beyond a certain threshold the answer is yes, else it's no. Alice does not need to know what Bob eats for breakfast each day but if she wanted that to be a factor in the score then an algorithm could capture this via instagram tags if Bob films himself eating breakfast each day.
Basically, the whole idea of Bob gets quantified. It then becomes analyzed by algorithms produced by a market. A market where the most fit algorithms get the most use and the most money for the creators. The end result is Alice gets her question answered by her exocortex.