Topic: Trust System - page 8. (Read 12691 times)

Just read through the link and I think it's a pretty cool idea. I'm curious to see how it'll develop as the community continues to grow.

Right, sorry mate.

I checked the marketplace sections again and noticed the trust 0/0 thingy, hadn't noticed it before I read this forum. It's a great idea - except almost everyone I've looked at trading and offering srevices have 0/0 trust. Is that because we cannot see it as long as this silly newbie timer thing is running?

Trust is such a difficult challenge, and I meant to say, I really hope ripple will end up providing a solid solution to this technical (and social) challenge. As I said, would be even great to integrate it into forums somehow. I think how we've been doing it on irc for ages with the key exchanges is annoying and tedious as hell but understand why it is necessary. That could also be a more 'silent' or less public system, but its interesting I never noticed it before and thanks for pointing it out!

About the 'beg', woops, I'm honestly sorry about that. I did see the disclaimer about begging, and it goes without saying that is just poor etiquette, but I wasn't actually asking for monies, just a ripple 'invite' as this silly antispam/newbie lock came about since after I last posted years ago and never realised it had been introduced, and missed out on posting to ripple discussion board yet again. At the same time, I had completely no idea that it would be interpreted as that considering people display their hashes for btc/ltc (and ripple?) all over the shop, and figured it was common practise.

Once again, apologies. Won't happen again

Thanks for the great info!

Ripple may have trust management built in, but that has nothing to do with trust on the bitcointalk forums.

Also, removed your address as we don't allow begging here.

As I understand it, ripple is meant to incorporate trust management in its core? Please correct me if I'm wrong.

BTW, if anyone has some ripple spare to head my way it would be greatly appreciated and repaid

ADDRESS REMOVED

People need to trust you and add you to their trust lists, plus feedback.  Read through the linked post.

how do you get "trust"?

Anything to help keep out the scammers is a good idea.
I am not exactly clear how the third vs. fourth numbers change.
It would be interesting to incorporate WOT, ebay  or other site feedback into the system.  That way people would not have to start from scratch.

I can see a trust system working but I don't see how it could be decentralized unless the actual reputation statements are integrated into the BTC transaction blocks.  bitcointalk.org, for instance, could be an effective repository for feedback on transactions and the owners of the wallets involved but it is a single point of failure.  What if an asteroid or worse a govt goes in and destroys their servers.  Still, for reputations to work out, anonymity has to go out the window, which defeats a major benefit of bitcoin.  There may be a way to have our cake and eat it too and whoever figures that out deserves a serious "way to go!!"

What is with BTC trust after Homeland Security seizure? 

Upon further reflection I am not going to act as an escrow agent in these forums based upon the following important revelations:

1) You must be licensed to be an escrow agent in the USA
2) Becoming licensed requires a great deal of time and money 
    Getting licensed in all 50 states will cost at least $50k per year

I am still considering this but at this time this is a much more expensive undertaking that I had originally thought.   https://bitcointalksearch.org/topic/no-longer-trying-to-build-my-reputation-upon-trust-escrow-agent-216729

I am so glad you guys implemented this.  The WOT system is SO HARD to use if you are not an engineer.  The problem that system creates is that very few actually use it.  Integrating trust into this system is exactly what we need.  

I hope you'll all trust me as I build my reputation as an escrow agent. 

If you'd like to test me, pm me and send me btc.  I'll send it back.  Any amount you choose.  I'll send it right back minus any transmission fee (~0.005) the network may require.

Need an escrow agent because you don't know who to trust?  I'm your agent.

Try me, you will not be disappointed.

Credit to theymos I guess...this new addition is a good idea. I always thought it'd be cool if this site somehow integrated bitcoin-OTC but I think this is better. Bitcoin OTC-while encompassing all bitcoin transactions (not just ones on this site) is far too confusing for the average user (probably why not many people are on there). This system seems very user-friendly.

I see it working now, that's quite a good idea, seeing how it goes will definitely be best, I'm just generally suspicious of that kind of thing but usually when people get genuinely outraged by something it's justified when it comes to the internet.

I believed you did it correctly, because you risked money.  So your feedback with him would include what you risked.  He's the one that took no risk with you and was incorrect.  He already had cash in hand before he sent anything.

I sent first, £10 GBP. I then received what I'd asked for which was 5 Litecoin. I used BTC-E for the conversion of 5 LTC to BTC which came out at a risk of 0.12 BTC, so I entered this figure in the risked BTC box. Is any of that procedure incorrect?

Looks like one of you used the feedback system incorrectly.  The risked BTC should really only be used by the person who risked something.  The person who sent first would be the one who risked BTC, the second sender didn't risk anything because they had already received something, and they were just finishing the transaction.

I think the trust system is a brilliant idea. I'm a relative Newbie and made my first transaction via a Bitcointalk member today and the trust system increased my confidence to trade. It was also nice to receive positive feedback for my part of the transaction.

If someone is a blackmailer, then they shouldn't be trusted, hence their bad feedback shouldn't matter.  The system relies on people only adding people they trust to their network, otherwise it's pointless.  For example, my list is only a handful of people right now.

Good System. The proof threads are a good idea to prevent random downvoting :-)

I think it's a good idea in general but I can easily foresee blackmailers etc. trying to use it to downvote sellers and ruin their reputation.

Edit: It seems to me you mods are creating more and more work for yourself without needing too, you should just focus on keeping the spammers out more than anything.