Reputation based markets do well enough with little to no defined regulation. It's anonymity allowing bad actors to be overly represented that's the problem in

Reputation based markets do well enough with little to no defined regulation. It's anonymity allowing bad actors to be overly represented that's the problem in most Internet markets. Take charities for example, they outperform welfare programs in terms of overhead efficiency because they have a name and a face in a market that cares more about reputation than profit.