Posted in: DEFAULT

Bitcointalk trust system

Jun 22,  · Bitcointalk is one of the most popular discussion channel for Bitcoin, Cryptocurrencies and ICOs. However sadly it’s also corrupted. Unlike Bitcoin itself Bitcoitalk is centralized, open, nor transparent. It’s controlled by early Bitcoin fanatics who favor cronyism and enforce it by infamous rating system known as Trust and Merit. BitcoinTrust is a unified ecosystem that makes it possible for people to easily use cryptocurrency in order to improve their lifestyle and acquire products and services WHY TRUST IN BITCOINTRUST: The mining (Stake) model in your main wallet. The commercial and financial ecosystem that surrounds it. What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.

Bitcointalk trust system

What is |

Bitcointalk is full cronyism that is. It really does not matter what kind of account you hold except for 2 things. Full Member, Hero or Legendary account hold all special rights on Bitcoitalk. In order to become one of them you need to have Merit. The whole system Trust and Merit is maintained by these same accounts of old Bitcointalk users who have all the power, and do not want to spread it equally with all the other users. You can only give Merit to other users if you have received it from someone else.

So new users either have no Merit or have it at terrible ration of below Therefore new users have almost no chance in getting Full Member or better status. This may seem as a good system to warn people of scammers, however old Bitcointalk users have found a way to poison this as well. Not all votes are equal. Or more simply put: the votes of old users who have Full Member, Hero or Legendary account ad up to total Trust score, however, the votes of all other normal users do not.

This means that old members can easily spam you with fake negative Trust scores bringing it to sub zero, which they do, but if you give them negative review, it will not effect their Trust score. Users can either trade Merit send it to each other or buy old accounts of people who no longer use Bitcointalk and want to sell them.

Write for us. News Bitcoin. Gemini Review. Crypto market crash may have been the result of market manipulation. Ethereum contenders. Decentralized Farming is back with YAM 2.

All Basics DAO. Top 3 Bitcoin mining news stories today. Iran Officially Legalizes Crypto Mining. Raise Your Standards as an Investor. A Slot Machine on Ethereum. The Physical Bitcoin Casino Controversy. Kraken makes exchange better for U.

All Price analysis Trading guides. Home Bitcoin What is Bitcointalk. October 8, Zoran Spirkovski -. June 8, July 31, December 16, June 9, Load more. We work closely with our community to identify points of interest and determine where to spend the most resources.

Your voice is very important to us because it can show us what you care about.

What is Fake Trust and Merit System on Bitcointalk. – Filip Poutintsev – Medi… aims to enable as much freedom for its users as is legally possible. We will not remove content just because it annoys you. In particular, under section of the Communications Decency Act, cannot be held responsible for defamation by users, even if notified that possible defamation exists. Related to credibility, on Btctalk there is also a trust system that better captures how trustworthy a user is. This is similar to the feedback system on an online marketplace such as eBay. The gist is, when you complete a transaction with someone on the forum, you can leave and receive trust. What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. Tags:Dukascopy bitcoin deposit, Bitcoin trader fact or fiction, Trading bitcoin menurut islam, Trading bitcoin modal gratis, Etoro trade bitcoin

Comments (2) on "Bitcointalk trust system"

  1. In my opinion you commit an error. I suggest it to discuss. Write to me in PM, we will talk.

Leave a Reply

Your email address will not be published. Required fields are marked *