If people, notice I said people, not bots, are so terrible with their voting practices now, what makes you think that they won't abuse the reputation system? I've already seen users censored by cheetah just for asking hard questions. This just smells like more censorship/brigading/clique building.

Won't it require verifying accounts? How do these guys with bots that have 20 accounts each get so many accounts?

I'm hoping that all of these problems work themselves out as this place grows but there's so much wrong already, I won't be recommending the site to anyone.

I'm pretty sure that the rep tracking system as you've described will further concentrate the power in this place, which is sad.

You're on the cutting edge here and I have tons of respect for what you're attempting. I'm just not quite convinced that the social model combined with money will ever create any kind of a just system.