Just wanted to throw this idea out there. Feel free to shoot holes in it!
Problem: Rating agencies (Better Business Bureau, Yelp, etc.) are notoriously influenced by money; negative ratings are suppressed for paying users on Yelp and the BBB has been known to "correct" a company's BBB rating after said company pays its "dues" to the BBB. This results in censored reviews and results in censorship of some submitted reviews.
Solution: A DAC-operated rating agency. I'm not sure what the technical implementation would look like (hence this post) but this is how it would basically work:
- Public addresses would belong to the company/service being rated. Ideally, there could only be 1 address per business, although I'm not sure if this limitation is enforceable.
- Ratings would be determined by the balances of the company's public address: the address with the most "RatingCoins" would be the best and would rise to the top of some type of aggregated list for higher visibility.
- Since there would be little/no incentive for miners, the DAC would need to control/operate a consolidated, scalable mining operation to keep the "RatingCoin" network secure. Eventually, there may be ways to introduce incentives for distributed mining.
Is this even possible?
Show Posts
