I always imagined a system like this could be used for a larger community to self-regulate/moderate. Moderating would be a requirement of membership -- sort of like mandatory military service. So everyone is invested in creating a good community and everyone sees what it is like to be a mod. Maybe it is a naive idea and I am sure it isn't original. Curious to see who has experimented with it before. I bet in RL communes/utopias have attempted something like this.