kaal:claim:3782210-023

Reputation dilates time: it slows immediate transfers of wealth so that past and future enter present decisions, with future-oriented incentives supplied by reputation-based salaries and past-oriented incentives supplied by the editability of reputation.

Source quote, verbatim

Reputation dilates time. It allows us to slow down immediate transfers of wealth, allowing us to consider the future and the past. Future-oriented incentives come from reputation-based salaries. Past-oriented incentives come from the editability of repu- tation.

From

Craig Calcaterra, Wulf A. Kaal, The Importance of Reputation for the Evolution of Decentralization (2021), Consequences of the architecture, p. 8
https://ssrn.com/abstract=3782210 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, The Importance of Reputation for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782210

Holds when

systems where reputation can be retroactively slashed or augmented

Classification

definitionalsupport: arguedreputation

Verify

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