I doubt it works. Lots of very smart researchers are looking at the problem of decentralized trust / reputation / economics. It all works fine until people star

I doubt it works. Lots of very smart researchers are looking at the problem of decentralized trust / reputation / economics. It all works fine until people start gaming the system in groups, which is further amplified by zero-cost identity (another tricky problem by itself). The solution is generally to introduce a central authority.