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The last time this came up, the same thing was suggested. Someone brought up that whoever needed to verify the keys would eventually stop doing so unless the ke
by noxToken 9y ago
The last time this came up, the same thing was suggested. Someone brought up that whoever needed to verify the keys would eventually stop doing so unless the key verification process could be automated from beginning to end.
The argument was that the person who needed to verify the key wouldn't be bothered to actually verify. The key would be so commonplace that as long as a nonsensical string of characters appeared, the verifier would check the box using the it's-good-enough mentality. The crux is still the same: fool the human, get the goods.
- loceng 9y agoWell, then you make them personally responsible and liable - likely having a third-party company who provides the verifier and keeps a close eye on them? They'd also be liable. That could be a very successful company if you get the fortune 1000 on board.
- noxToken 9y agoYou can make me personally liable all you want for the transaction, but if you think you can recoup $100M from me, good luck.
- loceng 9y agoHence why needing to be associated with a larger 3rd party company who'd be insured + have fortune 1000 clients.
- tatersolid 9y agoThis is called an escrow company. They've been around for about 500 years. They're not cheap.