Topic: Preventing fraud and scams and building reputation for new users (Read 6028 times)
Could I invest 50 BTC? I am a poor little miner right now.
February 17, 2011, 02:36:11 AM
This is from the article on https://ffij33ewbnoeqnup.onion.meshmx.com/books/Toward_A_Private_Digital_Economy/index.html ?
that link doesn't work on my browser. here is (what i believe to be) a suitable replacement:
http://themonetaryfuture.blogspot.com/2010/03/toward-private-digital-economy.html
February 17, 2011, 01:45:01 AM
This is from the article on https://ffij33ewbnoeqnup.onion.meshmx.com/books/Toward_A_Private_Digital_Economy/index.html ?
that link doesn't work on my browser. here is (what i believe to be) a suitable replacement:
http://themonetaryfuture.blogspot.com/2010/03/toward-private-digital-economy.html
February 15, 2011, 06:19:06 AM
check out https://mises.org/journals/jls/9_2/9_2_2.pdf (search for bond)
interesting article on the history of bond/credit methods and effectiveness.
interesting article on the history of bond/credit methods and effectiveness.
February 12, 2011, 08:12:43 PM
So, what is a difference between a bond/bail system and an escrow service?
February 12, 2011, 01:28:29 AM
Isn't the main problem newbies that want to trade PP or other soft money for coin? What are they going to pay to escrow? More PP?
February 11, 2011, 04:27:10 PM
That's basically an escrow service.
You're assuming that the dispute can always be resolved, how are you going to handle that ?
You're assuming that the dispute can always be resolved, how are you going to handle that ?
The bondman refund the damaged party.
I doubt the scammer will be like "oh yea buddy i totally tried to scam you there !"
February 11, 2011, 03:52:27 PM
That's basically an escrow service.
You're assuming that the dispute can always be resolved, how are you going to handle that ?
You're assuming that the dispute can always be resolved, how are you going to handle that ?
The bondman refund the damaged party.
February 11, 2011, 03:51:13 PM
That's basically an escrow service.
You're assuming that the dispute can always be resolved, how are you going to handle that ?
You're assuming that the dispute can always be resolved, how are you going to handle that ?
February 11, 2011, 01:54:42 PM
Yeah, bondmen must be rated first.
yes, rated by a rating agency of some kind.
and the agency must be rated by an agecy rating agency and the ............
joking, but you are right.
February 11, 2011, 01:52:45 PM
Might the web of trust on Bitcoin-OTC might be used for ratings such as this?
http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System
In addition to rating people, you could rate services e.g.,
;; rate bitcoingadgets.com 1
for example, if you were happy with your purchase from them.
http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System
In addition to rating people, you could rate services e.g.,
;; rate bitcoingadgets.com 1
for example, if you were happy with your purchase from them.
It could be added to it, yes services too. The problem with wot is that this is to deal with new or untrusted users.
A person could have 2 or 3 scores for credit rating.
1) theyre social network, who do they know and is willing to be associated with them, new users have facebook for this, some of us could use otc wot for this score.email verified, phone number verified by bondman( I know this can all be fakedbut it adds difficulty)
2) bail score, that is the bail they have deposited is enough( this would br compared to the value of the trade theyre trying to do)
3) trade history, good bad etc.
3)
February 11, 2011, 01:52:15 PM
Yeah, bondmen must be rated first.
February 11, 2011, 01:45:33 PM
Might the web of trust on Bitcoin-OTC might be used for ratings such as this?
http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System
In addition to rating people, you could rate services e.g.,
;; rate bitcoingadgets.com 1
for example, if you were happy with your purchase from them.
http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System
In addition to rating people, you could rate services e.g.,
;; rate bitcoingadgets.com 1
for example, if you were happy with your purchase from them.
February 11, 2011, 01:42:31 PM
Asking for service providers to connect with you on Facebook or LinkedIn can help. That way they reveal their real identity and you can see if they have a long-term established network of connections. Sometimes you might even have a mutual connection.
Also, there might be a plugin for SMF where users can vouch for one another, or collect reputation points.
Also, there might be a plugin for SMF where users can vouch for one another, or collect reputation points.
thats good, but not something the merchant would do themselves, maybe the bondman can do a security check, or this coukd be part of a credit rating system that the bondman could check
February 11, 2011, 01:40:23 PM
So a new bitcoiner on the scene goes to a bondman so he can purchase an arudino from a nervous merchant for 14 BTC. The bondman said "gimme 1/3 of 14 BTC. If you are not successful, I keep all your deposit. If successful, I will give you back 98% of my deposit."
Said new bitcoiner conduct a trade with the merchant. The transaction is successful.
Both party could also deposit with the bondmen giving him more room to move and recoup his risk. If the transaction turn out to be a fraud, the bondman will refund the damaged party.
That how it works?
Said new bitcoiner conduct a trade with the merchant. The transaction is successful.
Both party could also deposit with the bondmen giving him more room to move and recoup his risk. If the transaction turn out to be a fraud, the bondman will refund the damaged party.
That how it works?
Something like that, added that the merchant can check if the newby has bail. merchant can ask for bail requirement higher if they want also, even more than 100%
February 11, 2011, 01:36:06 PM
So a new bitcoiner on the scene goes to a bondman so he can purchase an arudino from a nervous merchant for 14 BTC. The bondman said "gimme 1/3 of 14 BTC. If you are not successful, I keep all your deposit. If successful, I will give you back 98% of my deposit."
Said new bitcoiner conduct a trade with the merchant. The transaction is successful.
Both party could also deposit with the bondmen giving him more room to move and recoup his risk. If the transaction turn out to be a fraud, the bondman will refund the damaged party.
That how it works?
Said new bitcoiner conduct a trade with the merchant. The transaction is successful.
Both party could also deposit with the bondmen giving him more room to move and recoup his risk. If the transaction turn out to be a fraud, the bondman will refund the damaged party.
That how it works?
February 11, 2011, 01:35:40 PM
Asking for service providers to connect with you on Facebook or LinkedIn can help. That way they reveal their real identity and you can see if they have a long-term established network of connections. Sometimes you might even have a mutual connection.
Also, there might be a plugin for SMF where users can vouch for one another, or collect reputation points.
Also, there might be a plugin for SMF where users can vouch for one another, or collect reputation points.
February 11, 2011, 01:13:16 PM
That is kind of where I got the idea, but it is not exactly bondmen( also bondmen is high risk high reward, it mentions that in the paper). Im thinking having a kind of trade security deposit.
To do trade of x value you must have at least 1/3 of x(maybe more) to be able to trade. If you scam someone then you lose your deposit.
Of course there is always escrow and clearcoin.
To do trade of x value you must have at least 1/3 of x(maybe more) to be able to trade. If you scam someone then you lose your deposit.
Of course there is always escrow and clearcoin.
February 11, 2011, 01:04:39 PM
Bondmen could lose a lot of money if the last ten customer he have were a bunch of scammers.
February 11, 2011, 01:00:35 PM
This is from the article on https://ffij33ewbnoeqnup.onion.meshmx.com/books/Toward_A_Private_Digital_Economy/index.html ?
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