Re: Moving beyond "Reputation"--the Market View of Reality

2001-12-07 Thread Jim Choate
On Sun, 2 Dec 2001, Gabriel Rocha wrote: > I know trying to educate you to the ways of the world is a futile > effort, but I can't resist sometimes. How does my great wonderful > reputation reduce the cost of doing business with me? Ask your bank with regard to loans, for example. Once I got t

Re: Moving beyond "Reputation"--the Market View of Reality

2001-12-06 Thread Adam Shostack
On Sun, Dec 02, 2001 at 07:54:43PM -0500, R. A. Hettinga wrote: | > | Just to sort of thrash things a bit, in a capital markets | > | transaction, an exchange isn't such a hard thing to do, in the | > | sense that a secondary bearer-form asset transaction (primary is | > | like an IPO, or, for ca

Re: Moving beyond "Reputation"--the Market View of Reality

2001-12-03 Thread georgemw
On 3 Dec 2001, at 13:44, Ken Brown wrote: > All the discussion about certificates of speaking Navajo or whatever are > slightly beside the point. If personal reputation, as such, has a market > value it isn't the money you'd get by selling the reputation, because as > everyone else already pointe

Re: Moving beyond "Reputation"--the Market View of Reality

2001-12-03 Thread Ken Brown
Tim May wrote: [...] > > > > We're not disagreeing. By a "single" value I meant a universally > > agreed upon value. > > If there is a "universally agreed upon value" for something, and someone > values it differently, is it still "universal"? > > Nope. > > What there may be are market-cleari

Re: Moving beyond "Reputation"--the Market View of Reality

2001-12-02 Thread R. A. Hettinga
-BEGIN PGP SIGNED MESSAGE- At 6:17 PM -0500 on 12/2/01, Adam Shostack wrote: > In which case, you might be better off transferring the asset, > rather than the nym. Pretty much. Except that a nym may hold more than one asset, and might be easier to transfer than all the other stuff is

Re: Moving beyond "Reputation"--the Market View of Reality

2001-12-02 Thread Adam Shostack
On Sat, Dec 01, 2001 at 03:30:09PM -0500, R. A. Hettinga wrote: | -BEGIN PGP SIGNED MESSAGE- | | At 1:19 PM -0500 on 12/1/01, Adam Shostack wrote: | | | > Right. Now the seller has the cash, and the buyer has nothing. | > The seller has lost only the future value of the nym, which was

Re: CDR: Re: Moving beyond "Reputation"--the Market View of Reality

2001-12-02 Thread Jim Choate
On Sun, 2 Dec 2001 [EMAIL PROTECTED] wrote: > Our main interest in reputations is that the value of > someone's reputation will stop them from doing bad things. Actually not, most folks use reputations to do away with security checks they would use othewise. It's a sellers cost cutting measure.

Re: Moving beyond "Reputation"--the Market View of Reality

2001-12-02 Thread Jim Choate
On Fri, 30 Nov 2001, Petro wrote: > Both are in the business of buying and selling reputations. Actually they're in the business of buying and selling 'impressions', not reputations. -- Day by day th

Re: Moving beyond "Reputation"--the Market View of Reality

2001-12-02 Thread jamesd
-- [EMAIL PROTECTED] wrote: > > > For reputation to have a single well defined value it > > > is necessary but not sufficient that there be a market > > > in reputations; it must be a COMMODITIZED market. James A. Donald: > > Something has a single well defined value to its > > possessor with

Re: Moving beyond "Reputation"--the Market View of Reality

2001-12-01 Thread David Honig
At 08:18 AM 12/1/01 -0800, [EMAIL PROTECTED] wrote: >On 30 Nov 2001, at 22:05, Petro wrote: >> What makes you think a reputation cannot be bought and sold? >> Ever hear of Public Relations firms? Politicians? >> Both are in the business of buying and selling reputations. >> > >Not

Re: Moving beyond "Reputation"--the Market View of Reality

2001-12-01 Thread R. A. Hettinga
-BEGIN PGP SIGNED MESSAGE- At 6:09 PM -0500 on 12/1/01, R. A. Hettinga wrote: > I expect that "reputation" is something very close to "goodwill", > which is a polite accounting fiction to deal with the fact that the > calculated "worth", of an asset as carried on the books of a > purcha

Re: Moving beyond "Reputation"--the Market View of Reality

2001-12-01 Thread R. A. Hettinga
At 1:46 PM -0800 on 12/1/01, Tim May wrote: > What there may be are market-clearing prices, in various markets and at > various times, but this has nothing to do with "universally agreed-upon > values." Amen. The "worth" of anything is what the market pays for it. Period. I expect that "reput

Re: Moving beyond "Reputation"--the Market View of Reality

2001-12-01 Thread Tim May
On Saturday, December 1, 2001, at 01:40 PM, [EMAIL PROTECTED] wrote: > On 1 Dec 2001, at 12:56, [EMAIL PROTECTED] wrote: > >> -- >> On 1 Dec 2001, at 8:18, [EMAIL PROTECTED] wrote: >>> I'm surprised I've gotten so much disagreement over this, >>> particularly since my original statement was

Re: Moving beyond "Reputation"--the Market View of Reality

2001-12-01 Thread georgemw
On 1 Dec 2001, at 12:56, [EMAIL PROTECTED] wrote: > -- > On 1 Dec 2001, at 8:18, [EMAIL PROTECTED] wrote: > > I'm surprised I've gotten so much disagreement over this, > > particularly since my original statement was much weaker > > than it could have been. For reputation to have a single >

Re: Moving beyond "Reputation"--the Market View of Reality

2001-12-01 Thread jamesd
-- On 1 Dec 2001, at 8:18, [EMAIL PROTECTED] wrote: > I'm surprised I've gotten so much disagreement over this, > particularly since my original statement was much weaker > than it could have been. For reputation to have a single > well defined value it is necessary but not sufficient that >

Re: Moving beyond "Reputation"--the Market View of Reality

2001-12-01 Thread R. A. Hettinga
-BEGIN PGP SIGNED MESSAGE- At 1:19 PM -0500 on 12/1/01, Adam Shostack wrote: > Right. Now the seller has the cash, and the buyer has nothing. > The seller has lost only the future value of the nym, which was > presumably accounted for in the price. The seller loses no "real" > reputat

Re: Moving beyond "Reputation"--the Market View of Reality

2001-12-01 Thread Adam Shostack
Right. Now the seller has the cash, and the buyer has nothing. The seller has lost only the future value of the nym, which was presumably accounted for in the price. The seller loses no "real" reputation, because the nym can't be tied back to the is-a-person seller. The buyer, meanwhile, is ou

Re: Moving beyond "Reputation"--the Market View of Reality

2001-12-01 Thread georgemw
On 30 Nov 2001, at 22:05, Petro wrote: > On Thursday, November 29, 2001, at 07:53 PM, [EMAIL PROTECTED] > wrote: > > Even this is not a scalar. Since reputation cannot be bought > > and sold, the idea that it is worth a specific well defined amount is > > false. > > What makes you think

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-30 Thread Greg Broiles
At 02:26 PM 11/30/2001 -0800, Meyer Wolfsheim wrote: > > Following which the buyer posts all the signed emails between self and > > seller detailing the fraudulent transaction. > >Worthless, as all of those messages could have been forged. Or did you >mean to say that they had been dated by a thi

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-30 Thread Sunder
Not the messages signed by the purchaser of the Nym, as those would not be signed with the Nym's signature. --Kaos-Keraunos-Kybernetos--- + ^ + :Surveillance cameras|Passwords are like underwear. You don't /|\ \|/ :aren't security. A |share them, y

Re: CDR: Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-30 Thread georgemw
On 30 Nov 2001, at 13:34, Sunder wrote: > Simple. Once the buyer has the keys she issues an email saying "I'm > changing my keys, here's the new public key" and signs it with the old key > - thus proving that the nym's original message was valid, thus > invalidating the old one. Duh! > > Any

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-30 Thread Meyer Wolfsheim
On Fri, 30 Nov 2001, Sunder wrote: > Following which the buyer posts all the signed emails between self and > seller detailing the fraudulent transaction. Worthless, as all of those messages could have been forged. Or did you mean to say that they had been dated by a third party timestamping ser

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-30 Thread Tim May
On Friday, November 30, 2001, at 01:56 PM, Wei Dai wrote: > On Fri, Nov 30, 2001 at 04:28:58PM -0500, Adam Shostack wrote: >> Following which, Alice pulls out the pre-dated revocation certificate, >> and generates confusion as to the validity of Bob's key change message. > > I guess we would nee

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-30 Thread Sunder
Following which the buyer posts all the signed emails between self and seller detailing the fraudulent transaction. --Kaos-Keraunos-Kybernetos--- + ^ + :Surveillance cameras|Passwords are like underwear. You don't /|\ \|/ :aren't security. A |share

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-30 Thread Wei Dai
On Fri, Nov 30, 2001 at 04:28:58PM -0500, Adam Shostack wrote: > Following which, Alice pulls out the pre-dated revocation certificate, > and generates confusion as to the validity of Bob's key change message. I guess we would need a distributed public registry of key change/revocation messages

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-30 Thread Adam Shostack
Following which, Alice pulls out the pre-dated revocation certificate, and generates confusion as to the validity of Bob's key change message. Duh, indeed. Adam On Fri, Nov 30, 2001 at 01:34:53PM -0500, Sunder wrote: | Simple. Once the buyer has the keys she issues an email saying "I'm | chan

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-30 Thread Sunder
Simple. Once the buyer has the keys she issues an email saying "I'm changing my keys, here's the new public key" and signs it with the old key - thus proving that the nym's original message was valid, thus invalidating the old one. Duh! --Kaos-Keraunos-Kybernetos---

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-30 Thread Adam Shostack
On Fri, Nov 30, 2001 at 12:14:13PM -0800, Wei Dai wrote: | On Thu, Nov 29, 2001 at 07:53:02PM -0800, [EMAIL PROTECTED] wrote: | > Even this is not a scalar. Since reputation cannot be bought | > and sold, the idea that it is worth a specific well defined amount is | > false. | | If you own a nym

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-30 Thread Wei Dai
On Thu, Nov 29, 2001 at 07:53:02PM -0800, [EMAIL PROTECTED] wrote: > Even this is not a scalar. Since reputation cannot be bought > and sold, the idea that it is worth a specific well defined amount is > false. If you own a nym, you can easily sell its reputation. Just give the private key to th

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-29 Thread jamesd
-- On Thu, 29 Nov 2001, Wei Dai wrote: > > But there is a scalar number attached to a person which > > deserves the name "reputation capital", namely his own > > judgement of what his reputation is worth. On 29 Nov 2001, at 18:41, Jim Choate wrote: > People don't think of themselves as a '5'.

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-29 Thread Jim Choate
On Thu, 29 Nov 2001, David Honig wrote: > And Hitler probably valued his reputation. So what? Hitler didn't value his reputation, he was Hitler. What he did was justified. He was an angel among men. There's a moral in there if you look for it. -- __

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-29 Thread georgemw
On 29 Nov 2001, at 16:11, Wei Dai wrote: > On Sun, Nov 25, 2001 at 03:05:18PM -0800, Tim May wrote: > But there is a scalar number attached to a person which deserves the name > "reputation capital", namely his own judgement of what his reputation is > worth. Even this is not a scalar. Since r

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-29 Thread Jim Choate
On Thu, 29 Nov 2001, Wei Dai wrote: > But there is a scalar number attached to a person which deserves the name > "reputation capital", namely his own judgement of what his reputation is > worth. What's your number? People don't think of themselves as a '5'. Even Hitler thought he was the good

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-29 Thread Wei Dai
On Sun, Nov 25, 2001 at 03:05:18PM -0800, Tim May wrote: > For many years some of us have argued strongly for "reputation" as a > core concept. Someone, perhaps even one of our own, even coined the > phrase "reputation capital." > > Reputation is an easily understandable concept which explains

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-27 Thread David Honig
At 09:42 PM 11/26/01 -0600, Jim Choate wrote: > >Reputation itself is a problem. Past behaviour (toward another) is not a >reasonable predictor of future behavior (toward myself). Yes but your past behavior towards this list *is* empirically a reasonable predictor of the value of your present and

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-26 Thread Jim Choate
On Sun, 25 Nov 2001, Morlock Elloi wrote: > Are you saying that governments are providing a valuable service by propping up > arbitrary prohibitions and thus establish a value system against which we can > bang our heads ? You misrepresent, governments don't (in general) make 'arbitrary prohibit

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-26 Thread Jim Choate
On Sun, 25 Nov 2001, Gabriel Rocha wrote: > On Sun, Nov 25, at 03:05PM, Tim May wrote > | Thus, what is the "reputation of the dollar"? Is it because of foolproof > | anti-forgery measures? Is it because of the laws of the U.S.? Etc.? > | > | No, it is a kind of collective halluc

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-26 Thread Faustine
-BEGIN PGP SIGNED MESSAGE- Hash: SHA1 Declan wrote: > Sure, one can say: let's just have a complicated reputation space > (think an array of arrays) for each one of these characteristics. To > use a silly example: > * truthtelling [0-255] > * maturity [0-255] > * morality [0-

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-26 Thread David Honig
At 03:54 PM 11/26/01 -0800, [EMAIL PROTECTED] wrote: >On 25 Nov 2001, at 19:30, David Honig wrote: >> >> I recently posted how ground squirrels have rep cap. >> > >It was interesting, but unless I misread it (a distinct possibility) >the squirrels didn't really have something we'd call a reputat

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-26 Thread georgemw
On 25 Nov 2001, at 15:05, Tim May wrote: > For many years some of us have argued strongly for "reputation" as a > core concept. Someone, perhaps even one of our own, even coined the > phrase "reputation capital." > > Reputation is an easily understandable concept which explains a lot > about

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-26 Thread georgemw
On 25 Nov 2001, at 19:30, David Honig wrote: > At 03:05 PM 11/25/01 -0800, Tim May wrote: > >For many years some of us have argued strongly for "reputation" as a > >core concept. Someone, perhaps even one of our own, even coined the > >phrase "reputation capital." > > I recently posted how gro

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-26 Thread Tim May
On Monday, November 26, 2001, at 07:28 AM, Declan McCullagh wrote: > Thanks, Tim, for posting an interesting essay. You say: Thanks for the thanks. It's just a facet of what I've been thinking about for a long time. I was bored so I just dashed off the piece, more to help crystallize thoughts

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-26 Thread Declan McCullagh
At 08:15 AM 11/26/2001 -0800, David Honig wrote, quoting me: > >Reputation capital is more valuable a term when describing traits that > >are less subjective. When dealing with an online ecash bank, you may > >want truthfulness and reliability and good customer service (for > >example), which are

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-26 Thread David Honig
At 10:28 AM 11/26/01 -0500, Declan McCullagh wrote: >It seems to me that reputation capital is a term that has limited >value when applied to something as subjective as the areas above: >having an article published in the editorial pages of the Wall Street >Journal (or the Journal of Socialist Doc

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-25 Thread Tim May
On Sunday, November 25, 2001, at 07:30 PM, David Honig wrote: > At 03:05 PM 11/25/01 -0800, Tim May wrote: >> For many years some of us have argued strongly for "reputation" as a >> core concept. Someone, perhaps even one of our own, even coined the >> phrase "reputation capital." > > I recently

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-25 Thread David Honig
At 03:05 PM 11/25/01 -0800, Tim May wrote: >For many years some of us have argued strongly for "reputation" as a >core concept. Someone, perhaps even one of our own, even coined the >phrase "reputation capital." I recently posted how ground squirrels have rep cap. >Reputation is an easily unde

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-25 Thread Gabriel Rocha
On Sun, Nov 25, at 05:24PM, Morlock Elloi wrote: | Are you saying that governments are providing a valuable service by propping up | arbitrary prohibitions and thus establish a value system against which we can | bang our heads ? If you got that out of the quote you left in the em

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-25 Thread Morlock Elloi
> There is nothing fixed in this world, if you have no boundries set. > If everything is a belief or expectation, I would have to say that > some beliefs and some expectations are stronger than others...some > by orders of magnatude. Are you saying that governments are providing a valuable servic

Re: Moving beyond "Reputation"--the Market View of Reality

2001-11-25 Thread Gabriel Rocha
On Sun, Nov 25, at 03:05PM, Tim May wrote | Thus, what is the "reputation of the dollar"? Is it because of foolproof | anti-forgery measures? Is it because of the laws of the U.S.? Etc.? | | No, it is a kind of collective hallucination. It is not a "Collective hallucination" un