pull down to refresh

17 sats \ 1 reply \ @stack_harder OP 8h \ parent \ on: Are bitcoin-only online marketplaces unworkable at scale? bitcoin
reputation systems are key, but i dont know what the best ones are, short of a large amount of feedback for a user. gaming amazon reviews and things like that is a huge business and problem for them
write
preview
0 sats \ 0 replies \ @justin_shocknet 8h
Yea it's a tricky problem, chicken and egg factor, also there's no real consensus around an identity layer on which to build one.
Amazon is a great example of botted reviews, but it mostly works only due to the nature of fiat being reversible so Amazon is a defacto escrow.
Anything new based on Bitcoin you're inherently outsourcing reputation to the centralized entity running the marketplace, so I think bonding will be a factor, otherwise without KYC where does the coordinator inherit reputation from?
WoT relays to deal with spam on Nostr are a signal IMO, if Nostr can get a little more traction as an identity layer it provides something to built a WoT and therefore reputation systems out of.
reply