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That's a rather contrived example and completely fictional. How do you get that verified number of clients that "have all sufficient 5 star transactions with t
by bena 7y ago
That's a rather contrived example and completely fictional.
How do you get that verified number of clients that "have all sufficient 5 star transactions with the rest of the network"? What if a 5 star company doesn't want to treat with a no-star client? How does a no-star client become a 5 star client?
Do no-star clients just have to hope and pray with no/low-star vendors? Or hope a 5 star vendor takes pity on them?
Also, what's the difference between a "5 star transaction" and a "4 star" one? Why not just "Successful" and "Unsuccessful"?
You just make the claim that "the automated verification tools are already in place to make cheating unprofitable."
That's a huge leap already. I don't grant you the assumption that they would exist. How do we even get there?
It's basically: "Assume a perfect system. See, it's perfect!"
- WalterSear 7y agoAssume an auditable, anonymized transaction system. See, now all your objections are merely implementation details! In the previous toy example, I was refering to 'already implemented' in the fictional Widget Market transaction system - things that could feasibly be created, rather than existing tools, iow. There are, fwiw, thriving anonymous reputation systems in the real world, though none directly implementing blockchains, afaik. The Dark Web is full of them