You are viewing a single comment's thread from:
RE: A Great Reputation System. That's What We Need.
I think that the avenue of a reward for openness might be a good tradeoff.
It would be essential to make safeguards against such a reward in relation to abuse, though. As it stands, you can be 'open' without ever being open, by wearing the mask of somebody else and making bank off of THEIR identity being the one noted down in the book of the blockchain.
Generally speaking, how do you see the value of openness being greater than that of privacy? I can see a big case for community pillars and matters such as goodwill backed escrow, but what else would you see as a value-compounding effect of using 'real' identities?
I'll describe more about the benefits of openness in a bit more detail later, but being public naturally improves trust. A real identity is scarce and hence more valuable. When you are public your reputation is on the line. From one perspective you use your reputation as an escrow. Ultimately those that have the most power today have the most to hide. Governments. The Mafia. Intelligence Agencies. Secret Societies. The more open we are as a society and the more value we are able to create with an open society, the less incentives there are to continue maintaining secrecy. In the past and in certain countries you could be persecuted for having the wrong ideas so in certain places privacy is important, but in the Internet Age and in modern societies we have an opportunity to take full advantage of being open and public.