Video: The Tru Reputation Network Explained


New Blog: The State of Reputation, Part 2

Blog: The Tru Reputation Protocol In Action

Blog: The State of Reputation, Part 1

Updated Listing: We have been added to ICOBench and scored 4.8/5.0!

Listing: We have been added as a Curated Listing to Smith & Crown!

Listing: We have been added to CoinSchedule

Listing: We have been added to TrackICO and scored 5/5!

Listing: We have been added to FoundICO and scored a 9.6/10!

Listing: We have been added to ZLoadr

Listing: We have been added to ICOHolder.

Listing: We have been added to Coinhills!


Company Update:

We're pleased to announce that two new hires have joined our team, they are:

Elizabeth Silva, Project Engineer

Michael Conway, Project Engineer

More news coming soon!

For our Korean visitors, there is now a Korean Announcement thread/한국어 ANN 스레드

You need to follow us- read the rules. Follow us and I'll update your stakes.

Thanks - good luck with Skatt.

Want to see the Tru Reputation Protocol in action?

This is how easy to use the feedback system is (taken from Trubador's implementation):



And that feedback provides this easy and powerful capability for searching based on reputation:

Longer GIF Showing Searching Using Semantic Terms

The opinion isn't a consensus- I spend a lot of time in FiDi in NYC (and near Bank in London)- a lot of them individually see a lot of gains to it. But there are a number who are worried by Crypto- because it cuts them out entirely, especially trading desks who make their money gambling with their clients money and taking a % cut win, lose or draw. It's in their interest to talk down the market and hurt clients who 'didn't give them all their money' so they realise their lack of sophistication and give their account manager the money instead. What they're doing when they go and do the talking heads piece is something they are expressing forbidden doing with any other asset class- because of insider trading rules. But, Crypto isn't regulated, so it's a free for all for their darker instincts.

It's not really fear- it's trying to strangle a baby in it's crib, and worse, a lot of them are buying crypto on the side.

We've had the Semantic Terms Feedback Patent provisionally valued- and the news is pretty awesome, so I wanted to share it in a quick update.

Before I give the value, a bit of context: Patent valuations have a few methods for calculating the value over the patents lifetime as they provide 20 years of monopoly on the system in use (and the way the patent is constructed, essentially bars anyone from using a system of feedback derived from the more natural semantic language methodology given the claims made and the system design). In our case, we've used the income-based method for valuation (Discounted Cash Flow)- and that leads to a range.

So, the valuation range is: $180 Million USD to $320 Million USD based on current market opportunity as value over the course of its lifetime. Again this is provisional, and was calculated as we talk to several VCs, but I wanted to share it given it's wide ranging effect.

I've certainly had worse news on a Saturday morning.

Updated, thanks for the heads up.

? Tru Website is loading fine.

Thank you, and yeah, absolutely, sharing this in Korean forum would be great.

14 days after the Crowd Sale. Pretty standard that Advisors don't have a full vesting period, but they also cannot transfer tokens before anyone else.

Hi all

Quick update

- Still plenty of room in the Signature Campaign especially for Member and above accounts.

- Keep the blogs & articles coming

- Any questions on the spreadsheet come ask at the Tru Bounty Support Telegram Group

3 years with a 1 year cliff, then 12.5% each quarter after that- that's is from the point of the award, and from existing Team & Founders that will be the end of the Crowd Sale + 14 days before the vesting clock starts counting down.

Hi- no, we work with pretty much any platform both on and off the chain. We're using Ethereum for the token economy, and for linking the encrypted data in IPFS to transactions (using Ethereum as a blockchain was intended- as a distributed ledger). In future could we migrate off Ethereum to another chain for that? Sure- we could move to EOS, etc- and the system would remain the same. Ethereum is just the validation engine, with the Oracle Service acting as the broker between any and all transactions and IPFS as the secure data store.

Hey- so we actually think the post-CrowdSale price is pretty undervalued, and that's intentional to allow the market to grow rapidly. We've got an serviceable obtainable market of 3.6 Billion Transactions a Year, we've got a platform already on board that is targeting 500K users per month by the mid-2019 (Trubador), and we are actively talking to other platforms to have them onboard on day 1. Right now- we're looking at 50,000 users active on day 1, with a potential to grow that very rapidly and the network effects of the platform making it easier to platforms to on-board.

FYI, we've been working to the basis that 1000 TRU equals around 1,000 reviews- and based on the number of reviews people perform per year on average and the price paid by platforms for that data, that puts the price per 1,000 in the $4.00-$5.00 range initially and may well end up much higher depending on the quality/value of the data to the market.

Hey

Yeah. Quite a bit.

Darron Antill- Executive Leader for over 20 years, negotiated the acquisition of Vistorm by EDS (and then of EDS by HP) for over $30M; raised $70M from Goldman Sachs as the Series A investment in AppSense Inc when he was CEO of Appsense, also grew revenue by 30% each year to over $110M. Currently CEO of DeviceAuthority who closed a $2M seed investment round.

Matt Murphy - Currently VP of Global Technology at JP Morgan Chase- who are pretty much leading the way on Enterprise adoption of blockchain technologies. Currently dealing with a lot of blockchain technology as JPMC assess it and has been involved in crypto since about 2014 on and off.

Rich Martindale - Currently at Ivanti, Inc- part of the of $200M acquisition of AppSense by LANDesk, been in crypto for a few years.

Between the team and the Advisors we've raised over $100M in capital for various business, and delivered over $500M in sales through our leadership, products & initiatives. Personally, I've been in crypto since around 2011, as has Dr Bray and we've been actively developing the Tru Reputation Network to leverage the virtues of the blockchain in a wider context- something that right now isn't really happening with a lot of the new tokens, they're more addressing internal cryptocurrency needs than looking to grow the market out beyond the bounds of just those who currently are active in the crypto space.

True- but those sites aren't handling money (and if they are, I certainly won't use them). Given the immutable nature of crypto transactions, base security is pretty key- and it's not there as a common practice. It's not exactly hard either- it's a few headers, and a bit of testing- My own site gets A+, and it took no work whatsoever beyond getting hashes of the Javascripts running on the page, and specifying any external sources for images, scripts, etc- added bonus is that I know if anyone changes anything that could hurt our site.

Something has been bothering me. So, we're all really aware of the number of hacks, attacks and thefts from Exchanges & Online Wallets across the crypto scene, and you'd think that considering that cryptocurrency is crypto first, a currency second that the larger names would have a clue about digital security on the net. But, it's pretty clear they don't.

A basic, and personally I consider, a mandatory, set of security to ensure is set when you're setting up a web frontend is the security headers- it stops a lot of common attacks (Cross Site Scripting, preventing Framing a site to stop masquerading & keylogging, enforcing HTTPS, enforcing cross-origin, etc)- and it's pretty much default in high risk sectors like Financial Services or even the big Social Network sites- and it only requires setting a few simple header values. It turns out, a lot of them don't even do this basic thing and then people end up getting screwed.

This site was setup by a guy who was frustrated at the lack of Security Headers on a lot of e-commerce sites, so he came up with a really simple grading system based on whether sites have implemented adequate protection, and explains what each header does (NOTE: don't know the guy, but the site is legit from a Security and Computer Science perspective).

So, with that in mind, I decided to check some of the bigger names in Crypto. The results were:

Site	Grade	Notes
GDax	A+ Grade	The best score here and best score possible.
Kraken	A Grade	Only thing they haven't set is the Referrer Policy- which means it potentially could leak data to another site on navigation away. Otherwise, excellent work.
BitcoinTalk	B Grade	For a forum, this is fine, but a Referrer Policy would be a nice to have.
Cex.io	C Grade	No STS, no CSP, no Referrer Policy- means HTTPS can potentially be circumvented, XSS is still possible and could leak information on navigation away.
Bittrex	E Grade	Have at least set X-Frame-Options, but still vulnerable to an XSS attack, has no CSP, and can sniff content types- not good
ShapeShift	D Grade	Have at least set X-Frame-Options, have set the X-XSS-Protection header but are still vulnerable to some XSS edge cases, has no CSP, and can sniff content types.
Poloniex	C Grade
Coinbase	A Grade	Only reason it's not an A+ is that it uses 'unsafe-inline' in their CSP which isn't recommended but would require someone compromising their source.
LocalBitcoin	C Grade
Gemini	D Grade	Seems that the Winklevoss twins can get licensed, but not set some pretty basic Security Headers. At least they have STS enabled.
Blockchain.info	B Grade	Mainly good, but could do with the Referrer Policy to not leak data about what you've been doing on their site.
MyEtherWallet	F Grade	Literally doing nothing. Solution for the problem (move the hosting to Netlify and set headers- $0 cost) suggested to them 1 month ago. Great project, but the hosting really undermines it.

To give a comparison, this is the results for some of the bigger banks & sites on the net:

Site	Grade	Notes
Chase (JPMC)	A Grade
Facebook	A Grade
Wells Fargo	B Grade	Good, not perfect, but good.
HSBC	C Grade	Not great but there is worse...
Bank of America	D Grade	... LOL
Twitter	A Grade

Considering the money on the line, am I alone in thinking this needs to get better, quickly?

I'm really interested in everyone thoughts- including any of the site owners.

There are several running on Meetup & EventBrite. I'm a member of a few- Blockchain NYC held an event last night that was oversubscribed (about 8 times over) and is running a few more events in the next few weeks. I'm on their Telegram group and they're legit people looking to educate & have a conversation rather than being a long con scam group.

Yeah, absolutely they'll be able to- and platforms wanting to power their searches will buy them- either directly or via exchanges.