Re: OpenBazaar - decentralized eBay

Sam Patterson answered how this escrow reputation system will work here: https://libertyme.adobeconnect.com/p3r3kbbd7oe/?launcher=false&fcsContent=true&pbMode=normal

Basically they are still trying to figure it out. They want to introduce a pool of arbitrators that will vote to attribute an arbitrator for each case to make it harder for someone to scam and become it's own arbitrator.

This is not very reassuring, nor would it want me to be comfortable trusting my hard-earned money at the marketplace.

If an arbitrator must be "voted in" by existing arbitrators then someone could potentially buy up a lot of arbitrator accounts to create additional arbitrator accounts which would further the attacker's ability to scam.

Seems pretty far stretched IMO. Keep in mind there will be a reputation system for arbitrator. Buying a lot of good reputation to make scams wouldn't last very long before any body figure it out and all reputations of these account will be affected. That would be a very costly and risky scam operation.

Someone could buy up a bunch of accounts with positive reputation and these accounts with positive reputation would vote their "scam" accounts to be an arbitrator. The accounts that are purchased would continue to act honestly, but the accounts that were "voted in" would not be honest