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Here's a vague idea... How about a reputation ledger? My reputation will accumulate over time, and people will trust me, simplifying some transactions. For exam
by DenisM 9y ago
Here's a vague idea... How about a reputation ledger? My reputation will accumulate over time, and people will trust me, simplifying some transactions. For example I could rent a short-term stay at a lower rate because I am such a nice fellow and will never mess anything up.
Because my reputation has direct monetary value I would be hesitant to mess it up by being a dick, unless for a very big gain. The counter-parties will know the value of my reputation as well as the total value of outstanding liabilities against my reputation, so they will not give me any resources worth more than my current reputation capacity.
This has nothing to do with mining or coins, just an immutable public ledger. For all I care every notary public will be given a right to sign a block in the ledger, and collectively they will establish consensus.
Yelp on steroids, basically.
- twright 9y agoSounds like a good idea for a credit rating company, it might certainly be more transparent than current ones. Or, Black Mirror series 3 episode 1, it's a fine line.
- tomtomistaken 9y agoHow to reward not being a dick: You can earn a token for being nice. With this token you can lend a stake for POS.
- djangowithme 9y agoI would NOT necessarily suggest Verify.as as an investment by any means but what they're trying to accomplish is quite similar. If you can track reputation fairly then every time you make a transaction you don't have to go to court because its expensive and time consuming.
- __Duncan__ 9y agoSounds like a black mirror episode...
- prodtorok 9y agosounds like a dystopia.
- hakanito 9y agoCheckout Civic or HelloBloom