According to that cypherpunks post, it is in fact a pseudonym.
Another big problem I see with pseudonymous reputations is entry. If most people are blocking posts from new pseudonyms, how does one get a new reputation stablished? I've had several years to establish a net.reputation for "Nick Szabo", and it might take a long time for any of my pseudonyms to catch up.
He's right, he had to work all the way until around 2013 before a pseudonym finally caught up :-p