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"The germinal societies like Singapore and communist Hong Kong may give us a mutant capitalism that is both virulent and efficient. This is a significant cultural danger."
- Gregory Benford

Whuffie  
  A system in which one's actions, as perceived by others, directly procure the necessities of life; reputation-based currency.  

Whuffie recaptured the true essence of money: in the old days, if you were broke but respected, you wouldn't starve; contrariwise, if you were rich and hated, no sum could buy you security and peace. By measuring the thing that money really represented your personal capital with your friends and neighbors you more accurately gauged your success
From Down and Out in the Magic Kingdom, by Cory Doctorow.
Published by Tor in 2003
Additional resources -

This strikes me as a digital version of Jack Vance's analog strakh.

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Additional resources:
  More Ideas and Technology from Down and Out in the Magic Kingdom
  More Ideas and Technology by Cory Doctorow
  Tech news articles related to Down and Out in the Magic Kingdom
  Tech news articles related to works by Cory Doctorow

Whuffie-related news articles:
  - The Whuffie Bank: Reputation-Based Currency

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