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Offline bytemaster

Web of Trust + Account Feedback
« on: September 12, 2014, 04:11:17 PM »

We are preparing to add some new features to help reduce fraud / errors from accounts that look like bter. 

1) You can now "burn" shares for or against an account while posting an optionally signed message on the "wall" of the account. 
2) You can now link two accounts with arbitrary meta data, ie:  the account "bytemaster" can link to "bter-com" and define various properties such as trust-level.

So now users have a way of flagging accounts for both good/bad behavior, leaving anonymous or signed messages on accounts, and build an arbitrary web-of-trust among the accounts.

These features also provide the basis of future features including:
1) Allowing Overstock to issue shares
2) Paying dividends on User Issued Assets
3) Identity authorities for voting

The purpose of this thread is to discuss these features and their implications.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline xeroc

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Re: Web of Trust + Account Feedback
« Reply #1 on: September 12, 2014, 04:14:35 PM »
We are preparing to add some new features to help reduce fraud / errors from accounts that look like bter. 

1) You can now "burn" shares for or against an account while posting an optionally signed message on the "wall" of the account. 
2) You can now link two accounts with arbitrary meta data, ie:  the account "bytemaster" can link to "bter-com" and define various properties such as trust-level.

So now users have a way of flagging accounts for both good/bad behavior, leaving anonymous or signed messages on accounts, and build an arbitrary web-of-trust among the accounts.
Holy sh*** .. that is going to be like faceb** pin board .. holy moly

Once I can sell stuff over the blockchain this is like ebay ..

I am sooooo excited about this feature ... didn't even see it coming :-)
+5% +5% +5% +5% +5%

These features also provide the basis of future features including:
1) Allowing Overstock to issue shares
2) Paying dividends on User Issued Assets
3) Identity authorities for voting
The purpose of this thread is to discuss these features and their implications.
So this is now an inofficial announcment of a cooperation with overstook?
I guess you meant to say "arbitrary company" instead :-P
« Last Edit: September 12, 2014, 04:16:37 PM by xeroc »
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Offline emski

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Re: Web of Trust + Account Feedback
« Reply #2 on: September 12, 2014, 04:16:57 PM »
Part of keyhotee's functions are integrated here.
However it looks like an useful feature if used properly.
I hope there will be enough restrictions (or price) on doing something like this so that the blockchain doesn't grow exponentially.

Generally I like it and I think it should be useful.

Offline bytemaster

Re: Web of Trust + Account Feedback
« Reply #3 on: September 12, 2014, 04:23:24 PM »
Part of keyhotee's functions are integrated here.
However it looks like an useful feature if used properly.
I hope there will be enough restrictions (or price) on doing something like this so that the blockchain doesn't grow exponentially.

Generally I like it and I think it should be useful.

There is the obvious basic transaction fee and transaction size limits.   A light-weight client is under development that will make the blockchain size less relevant to the average user.  The question is which costs the network more a "wire transfer" or a "burn op"?    Right now we have a one-size-fits-all transaction fee... if transaction volume increases too much the delegates can raise this fee.
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Offline tonyk

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Re: Web of Trust + Account Feedback
« Reply #4 on: September 12, 2014, 04:29:29 PM »
Like Xeroc my first thoughts were 'facebook' of sorts, 'google' and their search (I guess everyone here has read their patents, if I have).

Not my expertise fields but sounds very interesting...
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline oldman

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Re: Web of Trust + Account Feedback
« Reply #5 on: September 12, 2014, 04:37:45 PM »
We are preparing to add some new features to help reduce fraud / errors from accounts that look like bter. 

1) You can now "burn" shares for or against an account while posting an optionally signed message on the "wall" of the account. 
2) You can now link two accounts with arbitrary meta data, ie:  the account "bytemaster" can link to "bter-com" and define various properties such as trust-level.

So now users have a way of flagging accounts for both good/bad behavior, leaving anonymous or signed messages on accounts, and build an arbitrary web-of-trust among the accounts.

These features also provide the basis of future features including:
1) Allowing Overstock to issue shares
2) Paying dividends on User Issued Assets
3) Identity authorities for voting

The purpose of this thread is to discuss these features and their implications.

This could be a critical component of the delegate selection mechanism, both for individual delegates and slates.

Also escrow and commerce per Xeroc.

Is there any way to integrate this into the avatars? To be simplistic, BM gets five gold stars, throwaway123 gets none...

Using a combination of standardized colours/shapes to signify various level of trust/reputation.

Perhaps using the Bitshares logo; accounts with no rep have an empty logo, logo slowly fills in section by section as the account builds more trust/rep.

BM gets a full logo, I get one wedge, etc.

Getting one's 'diamond' (very top of the logo) could be a significant event.

Yes, holy shit. The I3 team continues to knock it out of the park. First yield, now rep.  +5%

Off to buy more BTSX...
« Last Edit: September 12, 2014, 04:46:39 PM by OldMan »

Offline betax

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Re: Web of Trust + Account Feedback
« Reply #6 on: September 12, 2014, 04:40:19 PM »
Great, this opens lots of possibilities including "lending", I look forward to the lightweight client I assume this will be for mobiles.
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Offline cgafeng

Re: Web of Trust + Account Feedback
« Reply #7 on: September 12, 2014, 04:51:23 PM »
Maybe these are useful features, i not sure.
I look forward to the cross-chain exchange and how bitusd can use in other DAC.
« Last Edit: September 12, 2014, 04:57:02 PM by cgafeng »
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Offline serejandmyself

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Re: Web of Trust + Account Feedback
« Reply #8 on: September 12, 2014, 04:57:14 PM »
We are preparing to add some new features to help reduce fraud / errors from accounts that look like bter. 

1) You can now "burn" shares for or against an account while posting an optionally signed message on the "wall" of the account. 
2) You can now link two accounts with arbitrary meta data, ie:  the account "bytemaster" can link to "bter-com" and define various properties such as trust-level.

So now users have a way of flagging accounts for both good/bad behavior, leaving anonymous or signed messages on accounts, and build an arbitrary web-of-trust among the accounts.

These features also provide the basis of future features including:
1) Allowing Overstock to issue shares
2) Paying dividends on User Issued Assets
3) Identity authorities for voting

The purpose of this thread is to discuss these features and their implications.

This could be a critical component of the delegate selection mechanism, both for individual delegates and slates.

Also escrow and commerce per Xeroc.

Is there any way to integrate this into the avatars? To be simplistic, BM gets five gold stars, throwaway123 gets none...

Using a combination of standardized colours/shapes to signify various level of trust/reputation.

Perhaps using the Bitshares logo; accounts with no rep have an empty logo, logo slowly fills in section by section as the account builds more trust/rep.

BM gets a full logo, I get one wedge, etc.

Getting one's 'diamond' (very top of the logo) could be a significant event.

Yes, holy shit. The I3 team continues to knock it out of the park. First yield, now rep.  +5%

Off to buy more BTSX...

 +5%
btsx - bitsharesrussia

Offline logxing

Re: Web of Trust + Account Feedback
« Reply #9 on: September 12, 2014, 05:25:29 PM »
Cool, account relation like social networks. It can be used in vote, gateway, etc.
This make accounts alive, more humanity.
BTS Account:logxing

Offline xeroc

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Re: Web of Trust + Account Feedback
« Reply #10 on: September 12, 2014, 05:47:45 PM »
and suddenly .. an account name becomes valuable and we are all thankful they are non-transferable .. aren't we?
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Offline eagleeye

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Re: Web of Trust + Account Feedback
« Reply #11 on: September 12, 2014, 06:03:18 PM »
We are preparing to add some new features to help reduce fraud / errors from accounts that look like bter. 

1) You can now "burn" shares for or against an account while posting an optionally signed message on the "wall" of the account. 
2) You can now link two accounts with arbitrary meta data, ie:  the account "bytemaster" can link to "bter-com" and define various properties such as trust-level.

So now users have a way of flagging accounts for both good/bad behavior, leaving anonymous or signed messages on accounts, and build an arbitrary web-of-trust among the accounts.

These features also provide the basis of future features including:
1) Allowing Overstock to issue shares
2) Paying dividends on User Issued Assets
3) Identity authorities for voting

The purpose of this thread is to discuss these features and their implications.

Nice THE Bytemaster  +5%

Offline Riverhead

Re: Web of Trust + Account Feedback
« Reply #12 on: September 12, 2014, 06:03:58 PM »
Great, this opens lots of possibilities including "lending", I look forward to the lightweight client I assume this will be for mobiles.

More like Electrum is my guess. Block chain hosted remotely and referenced by the client. Since the keys are already deterministic and we have chain servers already this makes sense.

Offline donkeypong

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Re: Web of Trust + Account Feedback
« Reply #13 on: September 12, 2014, 07:04:54 PM »
Great innovation. It will be much needed. I would suggest that there be one additional category of trust/rating. Someone who is a longterm holder of a decent quantity of BTSX and/or BitAssets, but who does not often spend them, should have a set trust level as well. Not everyone will conduct a large volume of P2P transactions. Those who do with trustworthiness should be rewarded  by the ratings at a justifiably higher level. But those who are faithful holders should not have to start with newbie-equivalent trust levels when they do make occasional transactions. Maybe they get one gold star instead of five blue ones, or something.

Offline kokojie

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Re: Web of Trust + Account Feedback
« Reply #14 on: September 12, 2014, 07:22:39 PM »
Can you explain a bit how do you plan to avoid a user registering for example, 100 accounts, and then use them leave good feedback for his main account?

 

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