Video - Bitcoin Q and A How Will Reputation Work In A Decentralised System

Centralized payments are a powerful force for centralization of the web, creating platforms for content and services that are centralized around a payment processor/aggregator. What happens when payments themselves become decentralized? The nexus of centralization dissolves and the content platforms can become decentralized too. In this talk presented at the Los Angeles Bitcoin Meetup, Andreas examines the impact of payments and the re-decentralization of the web.

TRANSCRIPT

Uber and Airbnb also offer is standards of experience and identity through reputation. How will you get identity, ratings, and consistency of experience in a decentralised system? How can you do this while remaining anonymous, without exploiting the data of individuals?

Voluntary involvement and selection of an escrow service or moderator. Arbitration and mediation systems built through smart contracts. Solving Sybil attacks through proof-of-work and proof-of-stake.