Quote from: tysat on May 31, 2013, 05:49:14 PM

Quote from: Mikeologist on May 31, 2013, 03:16:36 AM

Quote from: tysat on May 30, 2013, 11:18:16 PM

Quote from: Mikeologist on May 30, 2013, 10:36:25 PM

It appears to be the beginnings of a topic-centralized credit union.

TO ANY LAWYERS OR CORPORATE BANKER TYPES INTO BITCOIN, please consider how to do this like the Swiss would.

What? Can you elaborate? I'm a little confused.

The trust system just gives you a way to filter feedback given to people based off of trades.

When you buy a house in some countries, they run what they call a credit report; while it is a fair to midland marker for the reliability of the risk, a better way would be to only asses the tested reliability of the risk.

Is this person a risk with my 100 btc; well no, the have proven trustworthy with a lot more than that by someone who is in turn trusted by others: and so on . . .

By establishing a network that does not draw a profit to track this info an provide people with security in an insecure time. The goal being to perpetuate the principals on which bitcoin was founded.

I just hope someone of means has a transcendental understanding as to lead them to the same conclusions.

Simply to help, as I have been helped.

I'm still not exactly sure what you're trying to say... your phrasing and wording is odd, is English your first language?

English is my first language: though I am often profuse.

My point was a bit vague because the concept is likewise vague.

The general idea is simple. A system like this trust concept employed here; not localized to this website, but maintained by an extremely trustworthy group.
This system would be comprised of members, each with a rating.
The rating would be equivalent to a credit score.
Transactions would have to follow some level of structure to prevent abuse.
The end result is a credit score without being tied to a ssn or the like.

People could use this score to secure micro loans and other services that would otherwise draw a turned up nose, currently.

A decentralized currency carries no trust; this proposed system would keep the benefits of bitcoin in place while allowing for an expansive market, for those who desire to use it.