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> Addresses are classified as either verified or flagged on-chain through soulbound NFTs. A type of NFT that has no trade value as it cannot be sold. Once minte
by anonymouskimmer 4y ago
> Addresses are classified as either verified or flagged on-chain through soulbound NFTs. A type of NFT that has no trade value as it cannot be sold. Once minted, it is stuck to the given address.
This should probably be called an "addressbound NFT". Is there anything that would prompt it to follow a bad user to a new address or wallet?
I'm mostly cryptocurrency negative, and have never used any cryptocurrency. I presume you've thought of a variety of means your tool can be abused and have taken action to ameliorate that abuse in advance?
- WernerVdM 4y agoThe only reason it is coined soulbound is because that is what Vitalik named an untransferable token when he first envisioned it. Yes most definitely! It doesn't follow the bad user to a new address per say, but rather flags each consecutive address to which that user transfers funds. Yes abuse is my biggest fear. Especially for example someone who tries to falsify their reputation. The best way we can mitigate abuse right now is to enforce a strict verification process when on boarding users. ultimately the best way is to also do everything we do in a transparent manner, so that anyone can weigh in on their opinions.