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RE: Could this be the crypto fraud fighter we've been waiting for?
the idea sounds good and certainly doable.... just might require some form of checks to avoid abuse... thus prevent unscrupulous people from flagging legit transaction just for the bounty fee
and i like your super hero pic by the way
Thank you for the comment. A couple points I didn't make well within the original post:
You would have to have sent someone funds in order to flag the transaction as fraudulent. I couldn't just randomly report your address as being a fraudulent address.
You would get nothing for the act of flagging a transaction as fraudulent. However, when others chose to cancel their transaction to the same address, that is viewed as additional confirmation that the address represents a fraudulent actor, and at that point does the reward actual exist.
Very good points though, and thank you for reminding me to clarify those points.