On: Tim O'Reilly: The Biggest Ponzi Scheme of Them All

[michael_nielsen]

I like it - an OpenKarma standard for karma trading between different sites, maybe with a central exchange and a floating exchange rate. "I'll trade two HN points for one point of your reddit karma".

[amethyst → michael_nielsen]

I should think that an HN karma point would be worth a lot more than half a reddit karma point! If anything, I'd say a HN:Reddit ratio of 1:10 or more...

[knome → amethyst]

At rates that good HN will be the first victim of the great karma rushes. Spectators will establish threads and mine each other for karma until so much has been generated that even diggs will purchase multiple hackerbucks.

[llimllib → knome]

It's OK, I'll start the Karma Currency Market and they'll reach equilibrium soon enough.

[eru → amethyst]

I'll be the bookie (or broker) for you two.