Bitcoin address rating system

[PremiumCodeX]

Since there is no method to certainly know what BTC address belongs to who and anyone can easily query addresses in the blockchain, I was thinking of how much a rating system would be a good idea. I was thinking of a DB where you could register BTC addresses and then the community could appreciate them by voting. So, registered BTC addresses would have a kind of reputation.

How good this idea you think is? Or we have a system like this already?

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[mexxer-2]

Erm I think block.io and even (some addresses) in BC.info denote their owner's name/info(if the owner feels like it).

[longbob72]

I don't see anything useful about this. There's way too many possible bitcoin addresses and anyone can easily change theirs at any time. You'll probably only end up with list of bitcoin addresses with the most bitcoins or total received transactions or few notable addresses that can easily be found by a simple google search.

[~BitSy~]

It's a bad one, mainly because of the above two answers and also it could make those valuable addresses that hold many bitcoins a target for hackers and scammers so ditching this rating system will be better.

[eternalgloom]

If people want to prove that they own an address, they can already do this quite easily as it stands.
And like other people have mentioned, there are already websites to check who owns a certain address, by checking where it's mentioned on the internet.

The idea of a reputation system is just flawed imo and could be easily faked or botted.

[Vod]

Too easy/trivial to create a new address.

If an address got a single negative review, it would never be reused.

[bitbunnny]

What is the criteria that would be used to rate the address? Number of transactions, value or something else? What would people actualy vote for?
But like many here have already said you can easily create and use Bitcoin addresses with no limit so I can't see what would be the practical purpose of rating system like this.

[PremiumCodeX]

Although you could create a new address anytime, it would start as 'untrusted' due to low history. You could use this system with an online shop where clients can rate providers and vice versa, but only if they had a deal with each other in the shop. As a client, you could rate only providers whom you have purchased something from already from the site.

[botany]

Since there is no method to certainly know what BTC address belongs to who and anyone can easily query addresses in the blockchain, I was thinking of how much a rating system would be a good idea. I was thinking of a DB where you could register BTC addresses and then the community could appreciate them by voting. So, registered BTC addresses would have a kind of reputation.

How good this idea you think is? Or we have a system like this already?

The advice to people is not to reuse addresses, because of privacy reasons.
So tieing a reputation score to bitcoin addresses is pointless.

[wnj4]

 The idea of encrypted currency depends on the basis of privacy, with the implementation of your idea Where is the privacy then?

[BuySomeBitcoins]

Erm I think block.io and even (some addresses) in BC.info denote their owner's name/info(if the owner feels like it).

Some websites and BTCTalk profils uses tags on BC.info


I think what OP is trying to do it identifying btc addresses like https://www.netki.com/#/home

[Amadues]

Since there is no method to certainly know what BTC address belongs to who and anyone can easily query addresses in the blockchain, I was thinking of how much a rating system would be a good idea. I was thinking of a DB where you could register BTC addresses and then the community could appreciate them by voting. So, registered BTC addresses would have a kind of reputation.

How good this idea you think is? Or we have a system like this already?

No it's not a good idea, because every one could create a new address and start again without worries. A rating system could help people to trust a site/service (for example this address https://blockchain.info/it/address/12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX belong to Satoshi Nakamoto...) but that's it. Info about addresses are already staked in internet and you can now if there is a link with an user,and even you can't know if a new address could lead to a scam or not .

[Skarner21]

Too easy/trivial to create a new address.

If an address got a single negative review, it would never be reused.

Agree with vod and gaining address trust rating it could be possible to use it for scamming purposes.
we have many addresses and we can make and make more wallet address in one single wallet..
so anytime if we receive bad reputation in this wallet address we can use other wallet address that you can generate..

[spendawgs]

Where can u generate a cool address?

[Daneric]

Really, is it feasible to rank bitcoin addresses for reputation. In my wallet, the address keeps on changing for security reasons. I am just imagining how I will go on doing like that for every address that is generated. if addresses were permanent, then it could be a very good idea.

[Amadues]

Where can u generate a cool address?

Hi spendawgs, check this thread about vanity address:

https://bitcointalk.org/index.php?topic=25804.0

There are also some online services, but the problem arise for the priv key, you are not sure to be the only that have the key so it's a risk save your bitcoin there.

[PremiumCodeX]

Since there is no method to certainly know what BTC address belongs to who and anyone can easily query addresses in the blockchain, I was thinking of how much a rating system would be a good idea. I was thinking of a DB where you could register BTC addresses and then the community could appreciate them by voting. So, registered BTC addresses would have a kind of reputation.

How good this idea you think is? Or we have a system like this already?

The advice to people is not to reuse addresses, because of privacy reasons.
So tieing a reputation score to bitcoin addresses is pointless.

I know about the advice, but I know about also people link their identity/organization to addresses in certain cases. Charities, for example. On a site where the seller person is willing to link his identity to the product/service that he is selling, what is the argument against losing privacy?

Really, is it feasible to rank bitcoin addresses for reputation. In my wallet, the address keeps on changing for security reasons. I am just imagining how I will go on doing like that for every address that is generated. if addresses were permanent, then it could be a very good idea.

Were you writing about blockchain ( . ) info? If so, you could always use your old addresses as well. You may give one of your previous addresses to the seller and you still will see the received funds in your wallet. For your privacy, it is advised to use a new address for each transaction. That is why the site automatically generates them for you. However, you may see my example above to get a case when a person is willing to use the same address with good reason.

[Itskok]

I am working on something very similar in the last year :
https://riders.io/
https://bitcointalk.org/index.php?topic=1381832.0
http://themerkle.com/riders-uses-blockchain-analysis-to-issue-bitcoin-address-ratings/

In Riders, entities with "strong" history on the Blockchain get an High score, that doesn't mean that entities with hard-to-trace history are not reliable, it just says that clarity can reflect reliability on the Blockchain.
The reactions for my product were very interesting, some like it, some hate it.. but tracing the Blockchain and create a reliable scores is very difficult.
Now I am focusing my project on something much more useful, taking the "high" scores and merge them to an API that will help reduce transactions time between entities, also preventing double spends probability.

I call it  w h i t e s t r e a m 
Its still far from being ready, lots of research needed for that, but I am on it..

http://site9209116.92.webydo.com/whitestream.html

[PremiumCodeX]

I am working on something very similar in the last year :
https://riders.io/
https://bitcointalk.org/index.php?topic=1381832.0
http://themerkle.com/riders-uses-blockchain-analysis-to-issue-bitcoin-address-ratings/

In Riders, entities with "strong" history on the Blockchain get an High score, that doesn't mean that entities with hard-to-trace history are not reliable, it just says that clarity can reflect reliability on the Blockchain.
The reactions for my product were very interesting, some like it, some hate it.. but tracing the Blockchain and create a reliable scores is very difficult.
Now I am focusing my project on something much more useful, taking the "high" scores and merge them to an API that will help reduce transactions time between entities, also preventing double spends probability.

I call it  w h i t e s t r e a m  
Its still far from being ready, lots of research needed for that, but I am on it..

http://site9209116.92.webydo.com/whitestream.html

Thank you for your reponse! Even if you cannot see the individuals in blockchain, you can see the entities. Entities of high reputation may be considered more reliable than entities with poor reputation (I do not say scammers, but without transaction history of positive feedback). It is like you would do an exchange with an entity that has excellent history on Bitcointalk over someone who has just joined even though you do not know the individuals behind the accounts.

[MainstreetLP]

Fungibility of Bitcoin is one of the biggest value propositions it has. When you add a rating mechanism to it, it creates a "I can't accept this Bitcoin, but I can accept this one." That would be detrimental.