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To be honest, I don't really get what this is for. Everybody I buy things from, and everybody that buys things from me, has no idea who I am. I don't know who
by abruzzi 12y ago
To be honest, I don't really get what this is for. Everybody I buy things from, and everybody that buys things from me, has no idea who I am. I don't know who they are either. I'm not "famous" so no stranger is going to afford me any "reputation", and I intentionally have zero financial interaction with people I know. (money and friendship don't go together in my opinion.)
- jchrisa 12y agoPart of the idea is the commercial relationships you have, while being fairly weak, are also a pretty good proof that you are a person and not a bot. So spending coins provides a different kind of basis for public key trustworthiness. Which when combined with the higher trust activity of minting coins with your friends, could make maybe a deeper way to map identity to public keys.
- walterbell 12y agoWhere does privacy fit into the philosophy and tech?
- jchrisa 12y agoShort answer is I hope coins are shareable but that there's no requirement to run them through any central authority. So they disclose information in exchange for not privileging a particular party. Edit: it should be possible to write an app that works only locally on the phone via p2p sync, with no central server, that collects public signatures from friend-of-a-friend wallets, that can provide a decent reach if there were ever a critical mass of users. Opening the possibility to have a functioning trust network without needing everyone to see everyone's coins.
- xorcist 12y agoA cluster of bots could easily have a lot of spending acitivty going on. Is there any compensation for closed loops in the economy? What would the risk of false positives look like?