Re: [circle] p2p auctions

[thomasV]

Paul Campbell wrote:

> Any user with basically no trust links and no other activity is blatantly
> a fake. It is still possible that someone could start out by creating numerous
> aliases, and send various minor transactions between those same aliases, and
> then eventually lead them up to building a web of trust that has no outside
> branches (making the fake identity(s) look very good), and then repeatedly
> screw numerous people before being caught. But this exact same behavior
> actually happens now on eBay so it would be no better.
>  
My point is precisely that it would even be worse.
On eBay, if you want to build yourself a fake reputation,
you still need to perform a number of transactions between
yourself and your fake identities. These transactions come
at a cost, because you must pay ebay fees on them. On
eBay, you typically do not want to trust somebody who only
has small amount transactions in his record. (I know what I
am talking about. I have been a victim of such a a scam,
where the seller had such a profile).

If we remove those fees (which is the goal), then anyone
will be able to create himself a fake reputation, at no cost.
These fake identities would be impossible to detect.

If you have a way to counter that, I am buying it.

> Circle already has public keys so it's a simple matter to go to the next step
> of creating signatures.
Actually, Circle already has signatures.
Gossip and chat messages are signed.

Thomas