That thread makes me laugh. Some say that bitcoin specifically was made to avoid need for trust... Are you serious? Actually bitcoin is BASED ON TRUST. That's why bitcoin has its major problem, it REQUIRES TRUST. Just read all these posts about scam and number of people loosing their money. Who of you made transaction with the bank just to know that it was scam? Anybody?
I never lose 1 cent as a scam having deals with banks. But I scare to make one small bitcoin transaction because I CAN NOT TRUST to other party. Why should I trust to somebody with no name and address? Just because I was told that " in order to decrease the community's ability to rely on trust, and encourage business models that are transparent and do not rely on trust"? Are you kidding me?
"One of the reasons people use bitcoin or any crypto currency is to eliminate the need to trust the other party."
Hell no. People use bitcoin in order to hide their names and addresses. Which is requires more trust. It is not eliminates need to trust, but does just the opposite.
I think,(but probably I am mistaken) that if there was some build in bitcoin mechanism of automatically controlling transactions the way as escrow party does, bitcoin would be much better currency.
Topic: Bitcoin Forums should eliminate 'Scammer' ratings and 'Trust' ratings - page 3. (Read 3785 times)
July 07, 2013, 09:25:22 AM
July 07, 2013, 08:57:51 AM
OK now that I read closer it says p2p but requires a Nash x account or something. but the point still stands. it is possible to make things that require less trust if not eliminate trusting humans altogether.
No, it is not. You always have to trust the humans who write the code, the humans who control the machines the code is being run on.Bitcoin is decentralized but it is not trust less. You are trusting that BTC guild and ASICMINER does not decide (or get forced to) double spend transactions.
July 07, 2013, 06:12:26 AM
OK now that I read closer it says p2p but requires a Nash x account or something. but the point still stands. it is possible to make things that require less trust if not eliminate trusting humans altogether.
I think eliminating trusting humans is a good thing for everyone that isn't operating a business that requires trust, and may benefit those people as well in some cases.
one way to encourage that is to eliminate the crutch of a trust/scammer rating system.
I think eliminating trusting humans is a good thing for everyone that isn't operating a business that requires trust, and may benefit those people as well in some cases.
one way to encourage that is to eliminate the crutch of a trust/scammer rating system.
July 07, 2013, 03:53:45 AM
look up Nash x. it's a trust less exchange in beta.
there has never been proof offered that you cannot get around trust.
the central govt and bank are just people.
I'm not suggesting that people don't have to use trust. merely trust math and economics. neither of those deal with reputation or morals or ethics. math and economics man. that's where the future is at.
Lol no. nashx is not a trustless exchange. You need to trust the exchange operator. You deposit coins into nashx.there has never been proof offered that you cannot get around trust.
the central govt and bank are just people.
I'm not suggesting that people don't have to use trust. merely trust math and economics. neither of those deal with reputation or morals or ethics. math and economics man. that's where the future is at.
It's just slightly different than localbitcoins's escrow system.
July 07, 2013, 03:40:56 AM
look up Nash x. it's a trust less exchange in beta.
there has never been proof offered that you cannot get around trust.
the central govt and bank are just people.
I'm not suggesting that people don't have to use trust. merely trust math and economics. neither of those deal with reputation or morals or ethics. math and economics man. that's where the future is at.
there has never been proof offered that you cannot get around trust.
the central govt and bank are just people.
I'm not suggesting that people don't have to use trust. merely trust math and economics. neither of those deal with reputation or morals or ethics. math and economics man. that's where the future is at.
July 07, 2013, 03:21:09 AM
One of the reasons people use bitcoin or any crypto currency is to eliminate the need to trust the other party.
No, silly, we use it to eliminate the need to trust a central bank or government. You still have to trust the person you're actually doing business with; anyone who says otherwise is an idiot. 
July 06, 2013, 11:37:54 PM
I kind of like this idea, but there's a slight problem: You have to trust SOMEONE somewhere along the line. If I only do business through an escrow, I have to trust the escrow, for example.
July 06, 2013, 11:25:53 PM
That's very difficult to do for most business models.
agreed.
July 06, 2013, 10:34:01 PM
BitcoinTalk forums should remove all references to scamming, scammers, scams, trust and the like, in order to decrease the community's ability to rely on trust, and encourage business models that are transparent and do not rely on trust.
That's very difficult to do for most business models.
July 06, 2013, 10:30:13 PM
One of the reasons people use bitcoin or any crypto currency is to eliminate the need to trust the other party.
The use of scammer ratings and trust ratings increases the ability of people to rely on trust in their transactions.
BitcoinTalk forums should remove all references to scamming, scammers, scams, trust and the like, in order to decrease the community's ability to rely on trust, and encourage business models that are transparent and do not rely on trust.
Thoughts?
The use of scammer ratings and trust ratings increases the ability of people to rely on trust in their transactions.
BitcoinTalk forums should remove all references to scamming, scammers, scams, trust and the like, in order to decrease the community's ability to rely on trust, and encourage business models that are transparent and do not rely on trust.
Thoughts?
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