Coins Source's TrustIndex | *Original* and *Most Trusted* Developer Vetting

[lamosty]

I think that's an awesome idea. The only thing is I think you should re-evaluate your criteria/point system. The first 3 criteria, email address, BTT id and social media could potentially be used as padding because they're not enough to prove anything by themselves. So that if someone displays a score of 3, you still couldn't really trust him/her because the score could be based entirely on the first 3 criteria.
I think your minimum trust score should mean that you're able to identify the person in case he/she defaults. Moving up the trust ladder would then serve to reflect the dev's competence and ability to see the project through.

I agree. Dev could receive like 0.25 points for twitter or facebook and 0.5 for email.

[Mastermine]

The main problem I have is if its accepted by people like bittrex (which it is see here: https://twitter.com/BitEXtra/status/494267065914503168) and others that you plan on making API readable ratings (meaning if you get it on bittrex it will likely be shown on MANY other sites also).  Then you will be forcing developers to pay.  For example like JudgeCrypto who does not necessarily want to share his information. Is now stuck with a choice between being displayed as a 1 star (or whatever rating you give non-verified) and paying. Forcing devs to pay to be rated is my only issue.  It may not seem like forcing initially. But once your famous, it becomes all that matters and devs are forced to pay. This is my main problem.

@cryptoasian does this for free by himself.  Not saying he has jumped through all the hoops you have but hes flying solo and still verifying for free. Just sayin.

[soaples]

Great idea but there are much more things we should consider!

[Mastermine]

Id also just like to add the fact that this really does not do much to disprove any scams.  Asside from verification that the same idiot isn't scamming us over and over (likely just the same group handing off the torch). Does it really verify the coin? the idea? For example knowing who the URO dev is does that really prove that URO will ever match UREA prices? Theres a new VitaCoin coming out that says he will be verified he has this crazy plan thats plausible and a good idea but theres really no proof that I could see that it was going to actually happen. I am not trying to spread fud but it just seems like its hurting good developers and a waste of resources if you claim its so difficult for the team.  The scoring should be based off of hard research into the coin itself not just the developers.  Maybe one star for verified developers but not all of them. Just my opinion

[Bonn3rs]

Your opinion is noted 'judge'. It's time to move on to judge something else...I'm sure there's plenty of other important things to judge around here...
Thanks.

I am not moving on until I get my questions answered.  Thanks.  

All your questions have already been answered. Thanks for stopping by Judge.

My Questions ARE NOT ANSWERED!

1) How do you store personal data.  You request people email copies of their drivers licenses.  If your email is compromised every developer will have their drivers license stolen.

2) Who will you release personal data to and under what circumstances?

3) WHERE IS YOUR PERSONAL DATA POLICY?  You are asking for personal information with no policy?  THAT IS A SCAM!

These are reasonable questions.  What is your name and location?  You have a private site registration.  If you LOSE or STEAL personal data who can be held accountable?

1) Encrypted, Offline server that's sitting in my next office as noted in the email. The emails are then shredded.
2) Law enforcement agencies or a government agency.
3) Personal Data policy is right on the site, right at the bottom where it is on every site.
4) Coins Source Inc is responsible and the representative is Me.

I'm Tarek Hamed, CEO and Founder of Coins Source Inc, we are located in Los Angeles California. This information is virtually everywhere on the net.

Also i highly suggest looking at our incorporation with the secretary of state of California.

Im not sure you understand the question, he's not asking about cookies he's asking about how you will protect his drivers license if he sends it to you. So I did some research and I see in your terms and conditions

WE, OUR AGENTS, OFFICERS OR EMPLOYEES AND AFFILIATES, SHALL NOT BE LIABLE FOR ANY LOSS OF PROFITS, LOSS OF USE, LOSS OF DATA, INTERRUPTION OF BUSINESS...

And that's the actual answer. You at coinsource have placed a waiver so that if your server is compromised it's not your fault. You can't be held liable for your lack of any data protection.

And to add to this severe lack of trust, you post a picture of "you". Where's your drivers license? Who verifies you? And the rest of your team doesn't even have that. Madness.

[poornamelessme]

WE, OUR AGENTS, OFFICERS OR EMPLOYEES AND AFFILIATES, SHALL NOT BE LIABLE FOR ANY LOSS OF PROFITS, LOSS OF USE, LOSS OF DATA, INTERRUPTION OF BUSINESS...

And that's the actual answer. You at coinsource have placed a waiver so that if your server is compromised it's not your fault. You can't be held liable for your lack of any data protection.

That's one of the key problems with something like this. That, and something else someone brought up earlier. If it becomes the standard and displayed on exchanges, then it basically turns into :'pay us, or your coin will fail'. And not only that, but 'pay us and trust us with your information'.

I'm sort of mixed about programs like this. As on one hand, as an investor, I can see it helping somewhat. It won't protect against most of the scams run here, and I expect a lot of devs who run proper scams to simply use fake ID. But if trying to be objective, and if I pretended I was an honest dev, I have to ask myself would I be willing to use this program and provide my ID to some random company?

The answer is probably no, as CoinsSource hasn't been around long enough to be 100% trustworthy with such sensitive info. And even if I think they are, I'd have to worry that all of its employees are 100% trustworthy, forever, and you will never have any data breeches/hacks... again, forever, nor none of its employees would go full-blown evil and try to blackmail me. There are simply too many crazy people in this forum to feel safe.

A dev could be honest, yet run into problems. Perhaps his coin tanks due to bad decisions, or competition, or coding problems. Yet he did everything honestly. He'd have to worry some nut out there who lost money won't come after him. People make bad decisions and tend to yell 'scam', as its human nature to look for a culprit besides their own bad judgement. Here they not only yell scam, but go into mob, pitchfork mode. It wouldn't be worth the hassle or risk if I was a dev to even bother with.

A code review + simple BTT account verification may work better, as a lot of the scammier coins have hidden premines or shady code, and catching this early would be of benefit to people.

[brownmon]

1) How do you store personal data.  You request people email copies of their drivers licenses.  If your email is compromised every developer will have their drivers license stolen.

1) Encrypted, Offline server that's sitting in my next office as noted in the email. The emails are then shredded.

I understand that e-mail is not secure at all.  It's like sending a postcard.  Anyone along the way can read it.

Would you send a copy of your driver's licence attached to a postcard, even if the receiver promised to shred it upon receipt?

E-mail was not designed with any privacy or security in mind.

WE, OUR AGENTS, OFFICERS OR EMPLOYEES AND AFFILIATES, SHALL NOT BE LIABLE FOR ANY LOSS OF PROFITS, LOSS OF USE, LOSS OF DATA, INTERRUPTION OF BUSINESS...

And that's the actual answer. You at coinsource have placed a waiver so that if your server is compromised it's not your fault. You can't be held liable for your lack of any data protection.

A code review + simple BTT account verification may work better, as a lot of the scammier coins have hidden premines or shady code, and catching this early would be of benefit to people.

This.  But not the BitcoinTalk (BTT?) account verification, as not every aspiring coin dev is going to have an account here until it's time to post the ANN thread.

This site's interface is pretty shitty compared to Reddit's.  As a new user, I keep getting errors while posting to say I'm posting too much (Am I?).  Then when I wait a while longer and post, I get an error that says I've already posted, even though the original post didn't go through because of the 'posting too much' error.  Then I have to rewrite the whole thing, or give up.

[tk808]

I liked to reopen this thread and get a solid community understanding for Trust Index and how we ultimately improve it for everyone.

Trust Index Is the original Trusted platform from developers, and we have currently introduced several new metrics to further enhance the qualifications needed to become trusted, as follows:

Interview - Via Skype or IRC - Skype: Anaxai9 or IRC #CoinsSource (1pt)
Social Media – Verify by a Tweet, Post to Coins Source’s Timeline on Facebook or a Private message via Social media (1pt).
Coin Age at Least 1 month Old - This Verification is Automatic, the coin must be 1 month old from moment listed on an exchange. (1pt)
Mobile Phone – Verify by text message or Phone Call (1pt)
State ID or License – Copy of your Drivers license, passport or state-ID. (2pt)
Mailing address – Verify with 2 bills that confirm the address on your license or ID card. We recommend that both should be within the same photograph. (1pt)

Everyone is welcome in this thread : ). Feel free to input any opinions, advice or questions.

http://www.coinssource.com/trust-index/

[networkcoinage]

Nice work Coins Source! That coin age > one month might cut out half the scam crap alone!