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"Jimbo" — was a finance major at Auburn University when the Mises Institute's Mark Thornton suggested he read "The Use of Knowledge in Society," a now-famous essay written by Austro-libertarian economist and Nobel laureate Friedrich von Hayek. The essay argues that prices in the market represent a spontaneous order that results from the interaction of individuals with diverse wants, allowing them to cooperate to achieve complex goals. According to a June 2007 Reason magazine interview, this insight of Hayek's is what led Wales to found Wikipedia. The rather lofty vision that inspired Wales? "Imagine a world in which every single person on the planet is given free access to the sum of all human knowledge. That's what we're doing."

If you take Wikipedia as seriously as it takes itself, this is a huge problem. The site is ostensibly devoted to democratic consensus and the free exchange of ideas. But whether or not you believe in the holy law of Web 2.0, Wikipedia is tearing at the seams. Many of its core contributors are extremely unhappy about Durova's ill-advised ban and the exposure of the secret mailing list, and some feel that the site's well-being is seriously threatened. In a post to Wikipedia, Jimbo Wales says that this whole incident was blown out of proportion. "I advise the world to relax a notch or two. A bad block was made for 75 minutes," he says. "It was reversed and an apology given. There are things to be studied here about what went wrong and what could be done in the future, but wow, could we please do so with a lot less drama? A 75 minute block, even if made badly, is hardly worth all this drama. Let's please love each other, love the project, and remember what we are here for." But he's not admitting how deep this controversy goes. Wales and the Wikimedia Foudation came down hard on the editor who leaked Durova's email. After it was posted to the public forum, the email was promptly "oversighted" - i.e. permanently removed. Then this rogue editor posted it to his personal talk page, and a Wikimedia Foundation member not only oversighted the email again, but temporarily banned the editor. Then Jimbo swooped in with a personal rebuke. "You have caused too much harm to justify us putting up with this kind of behavior much longer," he told the editor. The problem, for many regular contributors, is that Wales and the Foundation seem to be siding with Durova's bizarre behavior. "I believe that Jimbo's credibility has been greatly damaged because of his open support for these people," says Charles Ainsworth. And if Jimbo can't maintain his credibility, the site's most experienced editors may not stick around. Since the banhammer came down, Bang Bang hasn't edited a lick.

In the new version, only edits made by a separate class of "trusted" users will be instantly implemented. To earn this trusted status, users will have to show some commitment to Wikipedia, by making 30 edits in 30 days, say. Other users will have to wait until a trusted editor has given the article a brief look, enough to confirm that the edit is not vandalism, before their changes can be viewed by readers.

It allows select groups of editors, probably associated with specific subject areas, to vote on whether an article should be flagged as high quality. Readers would still see the latest version of an article by default, but a link to a high-quality version, if it exists, would also be available.

Contributors whose edits tend to remain in place are awarded high trust ratings; those whose changes are quickly altered get a low score. The rationale is that if a change is useful and accurate, it is likely to remain intact during subsequent edits, but if it is inaccurate or malicious, it is likely to be changed. Therefore, users who make long-lasting edits are likely to be trustworthy. New users automatically start with a low rating.

"I am too high-born to be propertied, To be a secondary at control, Or useful serving-man and instrument To any sovereign state throughout the world." [William Shakespeare King John]

All voting is a sort of gaming, like checkers or backgammon, with a slight moral tinge to it, a playing with right and wrong, with moral questions; and betting naturally accompanies it. The character of the voters is not staked. I cast my vote, perchance, as I think right; but I am not vitally concerned that that right should prevail. I am willing to leave it to the majority. Its obligation, therefore, never exceeds that of expediency. Even voting for the right is doing nothing for it. It is only expressing to men feebly your desire that it should prevail. A wise man will not leave the right to the mercy of chance, nor wish it to prevail through the power of the majority. There is but little virtue in the action of masses of men.