[bisq-network/proposals] Distributed reputation system (#78)
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Wed May 8 16:03:11 UTC 2019
>From the point of view of a scammer, to abuse this system you would need to enter the trust circles of honest users. There is only one way to do that: perform multiple honest trades with that account over a period of time.
The moment the account is:
-used for fraud
-anything suspicious happens
-a trade leads to a dispute
... or even it is just slow in completing a trade or gives bad information about payment (say wrong name or IBAN is used to make the payment)...
It will risk being dropped from the trusted list of the counterparty and replaced by a better partner in one of those 10 precious trust spots.
The system can be used not just to prevent fraud, but also to reward preferential trading partners who trade efficiently. Just like the Uber 5-star feedback mechanism signals good drivers.
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