Topic: Trust No One - page 81. (Read 161317 times)
Holy shit that was an in depth guide. I'm glad I have all this info and I can secure my wallet now... it really isn't safe to keep a large sum of cash in your public wallets on SR... etc
good advice
Does anyone here sell Gaia Online gold? And would they still take paypal?
ok thanks
References only go so far. They tell you that the person is not known to be a thief, not that they wont steal in the future. Its like job references or a credit agency reference.. They should be used to reduce risk but you should not use them as a guarentee that someone is trustworthy.
One of the worst things that online reputation or rating systems suffer from are their lack of details.
For instance, a user can use an online rating system (say, for bitcoins) and can have a list of several hundred positive feedback ratings, all of which were for single 1 btc or 2 btc transactions, which don't really mean much in the grand scheme of things. Once this rating is achieved, the user can then begin using it to his/her advantage and with that past trust history, can make larger and larger transaction requests and finally "cash out" with thousands of bitcoins rather than the 1 or 2 bitcoin transactions that were used to build the reputation up.
Especially for something such as bitcoin (that can be measured in terms of price and volume) a column should be used to add up "Volume to Date" or "Value to Date" of a user's rating history, so that if the user has 1000 positives, but has only done a total of 1200 bitcoins in his/her history, potential trade partners shouldn't be mislead into multiple-thousand bitcoin transactions under the same level of trust.
Sorry for the rambling. I hope it made a bit of sense.
~DonShrents
For instance, a user can use an online rating system (say, for bitcoins) and can have a list of several hundred positive feedback ratings, all of which were for single 1 btc or 2 btc transactions, which don't really mean much in the grand scheme of things. Once this rating is achieved, the user can then begin using it to his/her advantage and with that past trust history, can make larger and larger transaction requests and finally "cash out" with thousands of bitcoins rather than the 1 or 2 bitcoin transactions that were used to build the reputation up.
Especially for something such as bitcoin (that can be measured in terms of price and volume) a column should be used to add up "Volume to Date" or "Value to Date" of a user's rating history, so that if the user has 1000 positives, but has only done a total of 1200 bitcoins in his/her history, potential trade partners shouldn't be mislead into multiple-thousand bitcoin transactions under the same level of trust.
Sorry for the rambling. I hope it made a bit of sense.
~DonShrents
Don Shrents lol
One of the worst things that online reputation or rating systems suffer from are their lack of details.
For instance, a user can use an online rating system (say, for bitcoins) and can have a list of several hundred positive feedback ratings, all of which were for single 1 btc or 2 btc transactions, which don't really mean much in the grand scheme of things. Once this rating is achieved, the user can then begin using it to his/her advantage and with that past trust history, can make larger and larger transaction requests and finally "cash out" with thousands of bitcoins rather than the 1 or 2 bitcoin transactions that were used to build the reputation up.
Especially for something such as bitcoin (that can be measured in terms of price and volume) a column should be used to add up "Volume to Date" or "Value to Date" of a user's rating history, so that if the user has 1000 positives, but has only done a total of 1200 bitcoins in his/her history, potential trade partners shouldn't be mislead into multiple-thousand bitcoin transactions under the same level of trust.
Sorry for the rambling. I hope it made a bit of sense.
~DonShrents
For instance, a user can use an online rating system (say, for bitcoins) and can have a list of several hundred positive feedback ratings, all of which were for single 1 btc or 2 btc transactions, which don't really mean much in the grand scheme of things. Once this rating is achieved, the user can then begin using it to his/her advantage and with that past trust history, can make larger and larger transaction requests and finally "cash out" with thousands of bitcoins rather than the 1 or 2 bitcoin transactions that were used to build the reputation up.
Especially for something such as bitcoin (that can be measured in terms of price and volume) a column should be used to add up "Volume to Date" or "Value to Date" of a user's rating history, so that if the user has 1000 positives, but has only done a total of 1200 bitcoins in his/her history, potential trade partners shouldn't be mislead into multiple-thousand bitcoin transactions under the same level of trust.
Sorry for the rambling. I hope it made a bit of sense.
~DonShrents
thx
Hello
Dear bitcoiners,
speaking of trust,
can someone please recommend a good bitcoin
programme with decent returns that hasn't
collapsed yet ?
preferably with a low minimum 0.02 bitcoins or less I want to join
but haven't enough funds for the "big boys" of bitcoin investments
Thanks in advance
Dear bitcoiners,
speaking of trust,
can someone please recommend a good bitcoin
programme with decent returns that hasn't
collapsed yet ?
preferably with a low minimum 0.02 bitcoins or less I want to join
but haven't enough funds for the "big boys" of bitcoin investments
Thanks in advance
How much have you got? might be able to sort something out for the right price
Hello
Dear bitcoiners,
speaking of trust,
can someone please recommend a good bitcoin
programme with decent returns that hasn't
collapsed yet ?
preferably with a low minimum 0.02 bitcoins or less I want to join
but haven't enough funds for the "big boys" of bitcoin investments
Thanks in advance
Dear bitcoiners,
speaking of trust,
can someone please recommend a good bitcoin
programme with decent returns that hasn't
collapsed yet ?
preferably with a low minimum 0.02 bitcoins or less I want to join
but haven't enough funds for the "big boys" of bitcoin investments
Thanks in advance
Don't trust me. 
Some level of general societal trust is needed for the social contract. In the same way we trust people not to drive into us from the oncoming lane, we need to trust people to do the right thing socially.
The problem is that trust is a snowball and eventually the amount trusted is going to get bigger and bigger. I'm a cynic so I don't believe that anybody is incorruptible, just a matter of price. Sometimes it's not even the person's intention to defraud anybody, things might happen that he is forced to make a bad decision.
I don't deal with people/companies who dont have at least decent reputation/reviews. And so should everyone else, doh.
You have to be careful and do your research. Even then, it pays to not put all your eggs in one basket (no matter how good the interest rate that basket is offering)!
Take a look at what is being offered and think is it realistic. If the proposal doesnt sound realistic it probably isnt.
Take a look at what is being offered and think is it realistic. If the proposal doesnt sound realistic it probably isnt.
I tried using Bitcoinary. First transaction: scammed.
I trust , NoOne...
Ok.
I agree, trust no one, especially online.
I think that basic level for trust should be 0, and only go up from there by positive references that you can trust.
I trust you enough to read your post.
I also trust you enough to spend 10 seconds on a reply.
I'd also loan you a beer but that's just me.
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