Reputation As Property

Is reputation the new form of property in virutal economies? This question is examined in an interesting article in the Yale Law Journal.

According to Joseph Blocher, sites like Facebook have a reputational economy; social status and the respect of others is a form of property.

Virtual reputational economies show that reputation can be gained, lost, traded, protected, and shared, all in property-like fashion, without regard to whether it has independent economic value. In other words, reputation is not merely valuable; it is the new New Property.

He notes that the law has long been concerned with reputation in the real world - the protection of reputation from unjust harm; an example would be the development of defamation law. But in the virtual world, reputation is like property even when there is no real-world market value.

Facebookers are engaged in a sometimes-competitive enterprise of acquiring, possessing, and protecting reputation. Through their efforts, they gain reputation, which they then feel entitled to protect (from gossip or insults, for example), to share or give (for example by including friends in a high-status clique or otherwise endorsing them), and otherwise to treat as they see fit. They own their reputations, whether or not those reputations ever interact with the real-world economy.

Science fiction writers have already spent time exploring the idea of a reputation-based economy. In his excellent 1976 short story The Moon Moth, Jack Vance uses the concept of strakh:

Prestige, face, mana, repute, glory: the Sirenese word is strakh. Every man has his characteristic strakh, which determines, when he needs a houseboat, whether he will be urged to avail himself of a floating palace... or grudgingly permitted an abandoned shack on a raft. There is no medium of exchange on Sirene; the single and sole currency is strakh.
(Read more about Jack Vance's strakh)

The current generation of sf fans may be more familiar with whuffie from Cory Doctorow's 2003 novel Down and Out in the Magic Kingdom.

Take a look at Blocher's article in the Yale Law Journal.

Scroll down for more stories in the same category. (Story submitted 2/3/2009)

Follow this kind of news @Technovelgy.

| Email | RSS | Blog It | Stumble | del.icio.us | Digg | Reddit |

Would you like to contribute a story tip? It's easy:
Get the URL of the story, and the related sf author, and add it here.

Comment/Join discussion ( 0 )

Related News Stories - (" Culture ")

Project Dylan - Amazon's Voice-Activated Wearable That Recognizes Human Emotions
Life imitates anime art.

Kazahk Ironist Protester Arrested For Blank Sign Protest
'...a man carried a white rectangular sign, blank on both sides.' - Larry Niven, 1972.

Bitcoin Surges Again, To $7,000
'... electronic, private cash, unbacked by any government, untraceable, completely anonymous.' - Bruce Sterling, 1994.

North Sea Stone Age Reconstruction And Philip K Dick
'Your Dip digs back into antiquity. Rome. Greece. Dust and old volumes.' - Philip K Dick, 1954.

 

Google
  Web TechNovelgy.com   

Technovelgy (that's tech-novel-gee!) is devoted to the creative science inventions and ideas of sf authors. Look for the Invention Category that interests you, the Glossary, the Invention Timeline, or see what's New.

 

 

 

 

 

Current News

Skin Electronics Can Show Electrocardiogram
'... the young men in the streets who applied polyimde OLED body film to their bared shoulders.'

Chinese Fern Helps Remediate Arsenic Soil
'Bioengeering had put out a spec report on the long crawly things five months back.'

Skai Air Taxi Costs The Same As Uber
'The air-taxi found its way past and around other ground-cars...'

Neurodevices For Consumers? Neuroethicists (And Philip K Dick) Say 'Caveat Emptor'
'They tried to use it today and it wouldn't work. No colors and no ceph patterns, neither one...'

NASA 3D Printed Habitat Challenge Won By AI SpaceFactory
3D printing - on Mars!

The Future Of Elon Musk's Neuralink
'Cerebral Electromagnetic Emmission Amplification and Relay System call it artificial telepathy, if you like.'

Researchers Make You Say Anything in Videos
'[It] caused his televised image... to mouth the vowels and consonants beautifully.'

Jeff Bezos Tries Waldoes (Robotic Hands)
'Waldo put his arms into the primary pair before him...'

Asimov and Musk - Boring Company Tunnel vs. Street Race
'There was almost no sound, just a steady velvety whirr as the taxi sped along.'

Project Dylan - Amazon's Voice-Activated Wearable That Recognizes Human Emotions
Life imitates anime art.

Tesla Diagnoses Itself, Sends Part Request
'Tentacles emerged from the side of the machine and felt puzzledly at the damaged area.'

Lilium Electric Air Taxi Prototype
'The air-taxi found its way past and around other ground-cars...'

Swedes Premiere T-Pod Driverless Electric Truck
'the trucks gulped packages and scurried like beetles...'

HEL TVD Laser System To Be Built By Dynetics Lockheed Martin
'Forthwith flashes of actual flame, a bright glare leaping from one to another, sprang from the scattered group of men.'

Alcarelle Synthetic Alcohol Like Star Trek Synthehol
Bottoms up!

Datagrid Model Generation Perfect For Eternal Cities Of Science Fiction
'... there was enough flexibility to allow for wide variation.

More SF in the News Stories

More Beyond Technovelgy science news stories

Home | Glossary | Invention Timeline | Category | New | Contact Us | FAQ | Advertise |
Technovelgy.com - where science meets fiction™

Copyright© Technovelgy LLC; all rights reserved.