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Not with a reputation system. Perhaps the reputation system could even be based directly on the blockchain; just sum the total BTC the arbitrator has arbitrated
by eurleif 13y ago
Not with a reputation system. Perhaps the reputation system could even be based directly on the blockchain; just sum the total BTC the arbitrator has arbitrated in the past.
- davmre 13y agoThe naive total-arbitrated-BTC solution wouldn't work, since someone can always arbitrate a bunch of 'transactions' between sockpuppet addresses they themselves control. But as long as there's some mechanism to pay arbitrators for their services, it seems reasonable to expect a small set of trusted arbitration services to spring up, analogous to CAs. Of course, once you're paying an arbitration fee on top of a bitcoin transaction fee, it's not clear that you're saving any money relative to a standard credit card transaction.
- eurleif 13y agoHow about max arbitrated transaction? It at least requires significant capital to be a scammer.