On Wed, Nov 29, 2006 at 11:43:03AM -0800, coderman wrote:
bootstrapping is hard, particularly when you must include a robust reputation metric. "anonymous digital gold tokens" is really too
Reputation is hard, because it's equivalent to a Turing test (humans are naturally scarce), or to a proof of work (which has inflationary issues due to Moore's law and forgeries by dedicated hardware, unless everyone runs an ASIC mint -- still wasteful in terms of wattage).
narrow, as what you seek is exactly a robust reputation / trust metric tied to the economy of peer interaction. digital cash is attractive because the reputation it embodies is fungible, but other forms of reputation are useful and may prove more effective in certain contexts, particularly when your adversary is well funded (think "creeping death attacks"). [0]
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