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I swear I'm not just meme-ing for the sake of it, but this has always seemed like fundamentally a decentralized trust problem, and one that can potentially be s
by strgcmc 7y ago
I swear I'm not just meme-ing for the sake of it, but this has always seemed like fundamentally a decentralized trust problem, and one that can potentially be solved by some form of social blockchain.
Basically, instead of an economic currency unit being mined, the value being protected is instead some form of reputational trust-token; 30 seconds of Googling leads to articles like this: https://www.forbes.com/sites/shermanlee/2018/08/13/a-decentralized-reputation-system-how-blockchain-can-restore-trust-in-online-markets/#310565a2481a https://www.forbes.com/sites/shermanlee/2018/08/13/a-decentr...
Thinking about things this way essentially boils the fundamental problem into what IMO is a pretty "general elegant theory", which is simply to construct a properly balanced incentive structure, which asymmetrically disincentivizes "bad" behavior while encouraging "good" behavior, in much the same way that Bitcoin's core ledger-validation/mining abstraction rewards miners for securing the network while also discouraging prohibitively expensive attack scenarios.
I'm not saying it's easy or obvious, but I think this is exactly the sort of decentralized trust problem that blockchains are well-suited for.