> making social media followers, Academy Award nominations, and academic citation metrics all fungible with an "Internet points" abstraction even in principle is almost certainly a disaster waiting to happen.

I don't recommend that any community makes a social media follower equivalent in value to an academic citation metric, but there may be specific cases where, for example, having more than 1000 social media followers grants you the same allowance of a resource (e.g. compute cycles, or disk space) as having 1 research paper cited in a prestigious journal.

The important thing is that it would be up to each community to decide for themselves how much each type of reputation is worth. (They could even decide that having an Academy Award nomination should give negative reputation, although if identities are anonymous then a user would have plausible deniability).

It's also worth noting that social media followers are, in some sense, already fungible. For example, some monetisation programs require at least 1000 followers, and some brand deals require a specific audience size. Obviously that is treating one follower as completely interchangeable for any other follower.