Bitcoin address rating system

[PremiumCodeX]

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.

The reason why this discussion is in the Project development section instead of the Development & Technical Discussion is that the rating system would run at a higher level than BTC so you, in fact, could ignore the rating and proceed with the BTC transaction. It would expand the information you have about the context instead of taking the feature away.

[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.

The reason why this discussion is in the Project development section instead of the Development & Technical Discussion is that the rating system would run at a higher level than BTC so you, in fact, could ignore the rating and proceed with the BTC transaction. It would expand the information you have about the context instead of taking the feature away.

Of course, understood.

The question is, you or I may ignore it, but some others may not ignore it. Others could decide my addresses, for example, are not trustworthy.

[Itskok]

After strong market research I can say that Bitcoin rating system has high demand, especially from the new Bitcoin users, not early adopters Bitcointallk like or some Exchanges that afraid form tax payments..
In the future, when Bitcoin will be more popular, Banks and governments who going to deal with Crypto's will probably have some "trust" mechanism or API for secure transactions, people in the Bitcoin community living in caves and think that Bitcoin gonna stay in the dark forever, you don't understand that rating system or other reputation system don't gonna hurt the decentralization or what Bitcoin achieved so far, you will always be able to use Bitcoin anonymously, but other organization just proffer to work in a more secure ways, that's all..

        

[avatar_kiyoshi]

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.

You have optimistic spirit.
Yes it will be good features for any merchant. The possibility scammer also will have a more chance for their action, since the address easily generated.
Anyway how about this rating system will be implement? To the site which listed address? Implement it to blockchain system will be hard way or even impossible.

[Emerge]

Seems like a pretty good idea.. But there are always an unlimited amount of bitcoin addresses that can be made, and many can just rate themselves up and up..

[PremiumCodeX]

I am hearing the problem of starting up where everyone starts as "untrustworthy", but since it would be implemented above the BTC network, for example in an online community, members would have the chance to upload proof and the reponsible Staff could check it so members will have the chance to build up their ratings. For example, you are not forced to link your driver ID to your BTC address, but if you do, that certainly should increase your rating and prevent "rating up yourself" since you have only one valid from certain IDs.

[Herbet Fry]

One person can have thousands of addresses. We all all know how easy it is. One click. So you got bad rep ? So what make another address. Won't solve the issue.

[PremiumCodeX]

One person can have thousands of addresses. We all all know how easy it is. One click. So you got bad rep ? So what make another address. Won't solve the issue.

It is not necessarily the bad rep that makes an address untrusted. In general, new addresses should be considered riskier than addresses that provenly belong to trusted people. You do not get better appreciated by generating a new address, do you?

[Vod]

One person can have thousands of addresses. We all all know how easy it is. One click. So you got bad rep ? So what make another address. Won't solve the issue.

It is not necessarily the bad rep that makes an address untrusted. In general, new addresses should be considered riskier than addresses that provenly belong to trusted people. You do not get better appreciated by generating a new address, do you?

Look to this very forum for an example.  People can create unlimited accounts.  Each account starts out as basically untrusted.  If you want to build a reputation, like me, you use the same account and do positive things.  If you are going to build a good reputation, you will build it on your account, not your bitcoin address.

Nothing stops you from scamming.  You scam, get a bad rating, then move on to a new account.

Creating bitcoin addresses is much easier than creating accounts.  Your idea will not work.   

[Slark]

It is exactly what Vod said. It is too much work to create rating system for addresses and goal still won't be reached. So why bother?
I am not against serious rating system in general, but certainly don't want to use it with bitcoin addresses, can we base it on something else?

[Veritas Platform]

Would end up having just valid and not used addresses by the moment users would create a new address.
It would be usefull for some e-commerce that use bitcoin but is more up to the platform that is using it.
I don't think it would work but there is something to do in this direction at least to "reward" honest users

[Kakmakr]

What would the ultimate goal be? To create a easy accessible database of user's information linked to their pseudo-anonymous Bitcoin address? The people who would benefit the most out of this, would be the 3letter government agencies and the hackers targetting individuals with money. I am not keen on doing the leg work for these entities, so I would avoid using data collection services like this. Satoshi wanted Bitcoin to be pseudo-anonymous. ^hmmmm^

[veleten]

the idea  to create trust system based on a bitcoin address is not going to work
too easy to create  a new one and not enough personal information included in any btc addy for it to functon as a brand so to say
i.e. if you,supposedly,gain trust and use your one old trusted bitcoin addy forever...how will it help you?
its not like I see a set of numbers and letters and go WOW that is Mr.XXXX addy,so that must be good
besides people like anonymity,connect an address to a person forever and you deprive him of that
not even talking about online "ratings" or polls to determine how trusted that particular addy is...too much hassle

[btcforall777]

How about if you have one address fro rating and do not use it for transactions. Use if for verifications and ratings only.

[PremiumCodeX]

It is exactly what Vod said. It is too much work to create rating system for addresses and goal still won't be reached. So why bother?
I am not against serious rating system in general, but certainly don't want to use it with bitcoin addresses, can we base it on something else?

Yes, BTC users who have had legit behavioral features for some time would wish to see their honesty appreciated, I think. Alot of people are not afraid to scam because they could easily disappear without consequences. Allowing users to take responsibility will lead them prefer honest behavioral more. Such a system needs a through-out thinking, though so I will leave this project for later. In the meantime, I will think of something else I could base the system on, but which could help improve honesty among crypto users.