I guess there's one thing I should make one thing clear at the outset: while this system has some slight relationship to the current reputation system on Hive because I hope to replace that reputation system with this one, they operate entirely differently.
As simple of example of the profound difference in the two systems, note that people will get individualized rating information. In other words, the rating provided by your system for a piece of information can and often will be different from the scores seen by other people.
Nonetheless, I'm sure there will be attempts to game any reputation system and the design I'm envisioning will still involve some personal responsibility by people to manage how well their rating system works. In fact, I think there will be some competition created to personally improve the performance of individual rating systems, to act as reliable sources of information for others, as this itself can be one way to earn reputation and influence.
RE: A peer-to-peer network for sharing and rating information