RE: A Great Reputation System. That's What We Need.
That's a good question and I'd like to write about this topic soon. Dan Larimer brought forward the topic of Openness vs Privacy some time ago in the Bitshares community. There is great value in an open network and I've been leaning in favor of Openness instead of Privacy despite being in the crypto community for some years now. Steemit is more about openness, especially when you consider the introductory posts. There may be a clash between open social networks and privacy, but the good thing is at least members are rewarded for their openness. The data is also not controlled by centralized entities. Those who want to remain private still can participate and do well. Those that are more open are likely to gain more financially at a cost of their privacy.
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.
Hey Jun,
this is a bit off-topic, but as you mention the Bitshares community...
can you recommend any exceptionally good posts of material to catch up on everything about Bitshares?
and/or - if you HAVE been in the Bitshares community a while, I imagine you could do an excellent job in curating a piece that'd help newbies to Bitshares get up-to-speed with their developments and growth.
having just discovered Bitshares, I'm a bit intimidated by the amount of conversation that's gone on - seems like a whole rabbit hole of its own, WELL-worth diving into - but not sure where to start. It'd be great to have a resource that'd help new Steemians unfamiliar with Bitshares get up to date and clarify what it is, the growth its gone through, the potentials for its future - especially integrating with Steemit.
is there such a resource that already exists...?
Hey Rok,
Well for technical resources & whitepapers you can go to @xeroc's: bitshares.eu
If you have time you can listen to Fuzzy's past mumble sessions at Beyond Bitcoin or go to bitsharestalk.org and read some of the past posts. I think someone was working on a book more about the history of Bitshares and Stan gave a very good background here. Max Wright did a Bitshares 101 ebook. Where is that guy anyways? Things have changed quite a bit so there's a lot to weed through to get up to speed and get accurate info. If you want to chat just email me at: [email protected] and I can give you my perspective via Skype anytime. Glad to hear of your interest.
awesome. thanks mate.
exactly the type of direction/guidance I was hoping for.
looking forward to connecting & chatting. may be in touch in a couple weeks, as would like to digest some of this info first and get myself up-to-date so can come into the conversation better prepared.
thanks much! :-)