How high is your credit rating on the Riders platform? I scored a 5.86
Bitcoin analysis is an attractive prospect to explore further over the coming years, as it will help provide valuable insights as to how people are using the digital currency. Some people will hold Bitcoin as a long-term investment whereas others use it as a regular currency to pay for goods and services. Riders is a new service that seeks to link some form of credit rating to Bitcoin addresses by using blockchain analysis.
http://themerkle.com/news/riders-uses-blockchain-analysis-to-issue-bitcoin-address-ratings/Addresses are not meant to be reused. Does that open a fundamental flaw in their business model?
People might value their privacy more than they would value a rating made by Riders.
Moreover, it is possible to selectively route transactions through an address.
Hi, Itsik, Riders.io
I am sorry, I just don't agree with the fact that address should not be reused ,that old habit belong to very specific people (sellers from the deep-web and some early adopters that wants an extreme privacy..)
As I see from the last 3.5 years I was deeply involved in Bitcoin is that the usage habits of the Bitcoin Eco-system are very diverse and are not directly impacted from what wallet developers wants or from the early adopters approach...
In the reality there are many people who wants to preserve their reputation on the Blokchain, and lots of other reasons...
Example - sampling 4 transactions (I take the addresses) from Blockchain.info right now:
1NMNGB6tjyZMK7iDw9TRfCuYczozWp5h6b
90 transactions 1GLaPSJno254aTGH7jhj6jHDTNn9yhFecj
2 transactions 14mRQe1a4NjG6jnBZuw9on14f6N6fzx8Hh
3386 transactions 1LWYhR2HQHiF96ni4ZeDuEyYZ7WfwoMg3A
2 transactions One of us is right
Thanks...
