Your talking about earned capital as a forfeitable deposit. Sure that
scheme has its place.
I joined HN for one or two reasons. To research a book. But also to
promote my last book. Anyone can post here with a throwaway, yet I
didn't want to be an interloping dick who felt entitled to hit and run
posting links to my own vanities... so I decided; join, contribute,
participate, earn. After a few months I don't feel bad about plying my
own wares a little. Reputation (social capital) is natural and ancient
and doesn't really need crypto.
Most of the Web isn't that though. As an information system, as Sir
Tim first coined it, it's a publishing machine: You advertise a
service, I send "requests", you send "responses", we part ways without
complications. Quick anonymous sex on the beach. So-called Web2.0
f-cked that massively. Web2.0 wants to exchange phone numbers. And
once the surveillance capitalist creeps latched on to stalking
everyone around the neighbourhood... well here we are.
I think what some Web3.0 people think is that crypto can repair some
kind of "middle ground", where Web2.0 type behaviours can take place
but anonymously and under conditions controlled by "stakes". I think
this won't work for psychological and game theoretical reasons we
can't get into here. Instead I think we need to repair the Web1.0
layer at least, and since transport level security and anonymity have
become necessary in a post-Snowden era, for me that means getting rid
of the selective prejudice inflicted by systems like Cloudflare.