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The other half of the equation was to make it costly to create vendor accounts. A vendor is required to send crypto to a nonexistent address (proof of burn).
by sillysaurusx 6y ago
The other half of the equation was to make it costly to create vendor accounts. A vendor is required to send crypto to a nonexistent address (proof of burn).
- akvadrako 6y agoThat makes newcomers a juicy target for competitors to leave fake negative reviews. If you need to pony up $10000 to start a vendor account, a competitor can spend $1000 to leave 40 bad reviews, assuming $50 each and reselling at a 50% loss. If you need a 90% positive rating to be trusted, you'll need 400 good reviews, about $20000 in turnover. It's too cheap to ruin a vendor and too expensive to maintain one.