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21 sats \ 4 replies \ @standardcrypto 2 Jan \ on: Bitcoiner scammed by a woman + fake AI family (this one sucks) bitcoin

We need to start to think in terms of webs of trust.

https://en.wikipedia.org/wiki/Web_of_trust

Too easy for scammers now. We got to make them work harder for their ill gotten loot.

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21 sats \ 3 replies \ @Andreasgriffin 2 Jan

WoT is great to prevent continuous scamming. But it encourages large scale rug pulling.

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0 sats \ 2 replies \ @standardcrypto 2 Jan

interesting.

can you give examples, explain why this is. or otherwise flesh it out?

personally I'm deep diving woT .

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0 sats \ 1 reply \ @Aeneas OP 2 Jan

Am also interested in a response too so kindly ping for it.

I imagine it's because the people you trust can, of course, betray you.

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0 sats \ 0 replies \ @Andreasgriffin 17h

WoT prevents continuous scamming, since the trust score will break down fast.

Of course then it encourages scammers to build trust score over a long time (for example running a custodial wallet well ), until they reached point where they can rug pull everyone at the same time.

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