Post
Topic
Board Project Development
Re: Technical Details of Bitshares ID System
by
AnonyMint
on 29/08/2013, 11:58:43 UTC
You must also consider the negative impacts of design features when you state the positive impacts.

Reputation has many downsides:

a. It can be stolen, e.g. threaten first to extort private key, then kill, and keep key.
b. Censorship based on metadata which doesn't always correlate rationally.
c. Discriminate against early adopters out of jealously, i.e. retribution for #b.
d. Regulatory authorities can require the BitName same as they now do Social Security # and Id. They can now establish the BitName is real, because it has (duration) reputation.

The high cost to transfer or revoke a name also has many downsides, e.g. see #d.

Remember the principle of top-down economics. You can't do just one thing, so please try to do less. Perhaps add that to the axioms in your whitepaper at the OP of main thread.

Quote
will enhance the security of users against subtle bate and switch attacks as well as typos

Phishing.