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Any sort of "decentralized" network of autonomous agents acting at the behest of identity verification would be extremely easy to game. There must be some incen
by jedunnigan 12y ago
Any sort of "decentralized" network of autonomous agents acting at the behest of identity verification would be extremely easy to game. There must be some incentive for these verifiers to act as an agents of the protocol, so you would assume they are compensated with SocialCoin. This is an incentive that is easy and rational to abuse.
Syndicates of agents will most likely pop up and commoditize iris scans or whatever the verification procedure requires. They'd quickly spoil the payouts for people without massive numbers of identities under their control.
Not only are they paid to sign people up, but they also can MITM payouts from unsuspecting individuals.