I can understand the negatives as since I've now been up for 2 days I'm pretty unable to think straight and plus I've been thinking for a long while how to present any of this without explaining everything including the algo itself which I absolutely refuse to do.
This would make the 3rd port of the algo as I am already using it for 2 other very difficult problems successfully.

I was hoping to get some feedback as far as what people thought of the concept more than anything.

As for transparency it must be understood that the algo would never be revealed and it would be plainly obvious to the users once they used and understood it's use that it was a very sound system.
People or entities would simply be assigned an ID consisting of a string of chrs, probably 128bits. No info about "them" would be stored or even able to be entered and it wouldn't be needed anyway. It's just referring to an object with values attached to it that can be modified by others through rating and looked up.
Can't store in a DB? How can you ref any object that is not stored somewhere?
Now if entities were not assigned an ID (that could also be refed by QR code) then how could anything be calculated or looked up?
Not cool? Alternatives?
You can't rate or assign any values to a non-object.
There is the foundation.
Did you have an idea of how to calculate variables that were never defined?

The "dream" has already been kept alive by using this algo on 2 other hard problems before this.
I just had this idea a few months ago after constantly being barraged by the question of why people have such a weak trust model and readily trust information from totally proven un-trustworthy sources in addition to other people who are also proven un-trustworthy.
In addition there is always a "trust chain" that could go on for very many branches which would basically be impossible for anyone to verify with a high degree of certainty.
My algo takes care of all that and does it extremely well.

It's not really very hard to visualize a population and a currency with the attributes that bitcoin has.
Anyone who utters anything along the lines of "bitcoin is inflationary..." is to be roundly discounted as to their understanding of bitcoin.
Bitcoin was designed with genius specifically to be deflationary and it's hard to see how it could be made anymore so.
Of course, if nobody ever uses bitcoins and only holds them then their exchange value at any time could be wildly up or down.
That doesn't imply inflation or deflation at any point in time either.
It is being said a lot that 21 million is too little. What about the 8 decimal places? Only problem there is the fees will need to scale to be appropriate for the scale.
The bottom line is: We don't want inflation. We got that already with USD.
With more and more bitcoin users over time the demand will continue to rise and we already know that absolute total of whole bitcoins will approach 21 million.
Barring any unforeseen events I see bitcoins being worth more than $500 in 5 years.
Hoarding is fine.
There are still 8 decimals to work with and there will never be a "shortage" of bitcoin fractions.
There are flows in and out of economies all the time and there will be loads of people cashing in/ buying in and moving bitcoins to other people.
I'll take bitcoin over gold thanks.

This is my first post. Been reading here since June 9th and mining since then.
I am a Senior Systems Engineer, endpoint security expert and Forex Trader.
I am posting this message because I have a solution to the constant problem of TRUST and I was finally driven to post this because of this crap:
https://forum.bitcoin.org/index.php?topic=25962.0 (since I can't post there I had to post in the newbie section)

I'm talking about trust not just in BTC but anywhere in life.
I created an algorithm in 1989 that handles this problem perfectly.
I saw OTC's web of trust and it was shocking to me.
They got the basic idea right but with no algo except for a rudimentary point system and is trust hacking capable.
My algo can't be hacked or manipulated by anyone, even me.
The best example I've seen was OTC WOT and it's not even close.