Bonafide Raises $850k for Bitcoin Reputation System

[Coinbuddy]

Bonafide, a Bitcoin startup, has raised $850k USD for a

project aimed at providing reputation tracking to the

Bitcoin world. This funding round was lead by Quest

Venture Partners, Crypto Currency Partners, and the

AngelList Bitcoin Syndicate.

Brian Moyer, the co-founder of Bonafide, believes that

reputation tracking is essential in the Bitcoin industry

after suffering through the collapse of many fraudulent

or incompetent companies. His service is aimed at

providing stability and a sense of security to potential

mainstream Bitcoin users, which could accelerate

Bitcoin’s penetration into the global financial world.


Read more: http://www.coinfinance.com/news/bonafide-raises-850k-for-bitcoin-reputation-system

[Gumbork]

Bonafide, a Bitcoin startup, has raised $850k USD for a

project aimed at providing reputation tracking to the

Bitcoin world. This funding round was lead by Quest

Venture Partners, Crypto Currency Partners, and the

AngelList Bitcoin Syndicate.

Brian Moyer, the co-founder of Bonafide, believes that

reputation tracking is essential in the Bitcoin industry

after suffering through the collapse of many fraudulent

or incompetent companies. His service is aimed at

providing stability and a sense of security to potential

mainstream Bitcoin users, which could accelerate

Bitcoin’s penetration into the global financial world.


Read more: http://www.coinfinance.com/news/bonafide-raises-850k-for-bitcoin-reputation-system

i was just reading this over at coindesk, great deal, im glad it got a great crowdfunding.
there is an altcoin almost doing the same thing, is called bitstake.

cant wait to try bonafide.

[sidhujag]

Saw emunie it has a rep system too? How are the actually working to avoid ppl from abusing the reps of others?

I know with syscoin we have an offer type transaction and when an offer is paid we can query for feedback snd put it in blockchain.. That stops people from randomely targetting ppl.. But doesnt stop the abuse if someone really wants to they can pay for an offer and give a bad rating just cause but chances of that are low...

[chennan]

This project seem promising and is kind of our existing credit rating service applied in our crypto world.

[Gleb Gamow]

I don't get it. Three years ago, Matthew N. Wright,, proposed a similar idea, but his idea was kicked to the curb even though he was still one of Bitcoin's favorite sons at the time. Now, along comes a startup with a one-page site and they've already received $850K in funding, that with no visible way showing how they're going to profit off their venture.