Jan 21, · The Grayscale Investment Trust debuted as The Bitcoin Investment Trust on Sept. 25, as a private placement to accredited investors and, later on, . Bitcoin ensures the permissionless trust of one-way transfer, while BIUT ensures the permissionless trust of dual-way trade. The trust of Token transaction can be ensured through smart contract, and yet it cannot decentralized the transaction when combined with legal currency, assets under the chain, commodity and service, as there is still not effective resolution to accomplish the trust in . Related to credibility, on Btctalk there is also a trust system that better captures how trustworthy a user is. This is similar to the feedback system on an online marketplace such as eBay. The gist is, when you complete a transaction with someone on the forum, you can leave and receive trust.
Bitcointalk trust systemFake Trust and Merit System on Bitcointalk. – Filip Poutintsev – Medium
Bitcointalk is full cronyism that is. It really does not matter what kind of account you hold except for 2 things. Full Member, Hero or Legendary account hold all special rights on Bitcoitalk. In order to become one of them you need to have Merit.
The whole system Trust and Merit is maintained by these same accounts of old Bitcointalk users who have all the power, and do not want to spread it equally with all the other users. You can only give Merit to other users if you have received it from someone else. So new users either have no Merit or have it at terrible ration of below Therefore new users have almost no chance in getting Full Member or better status. This may seem as a good system to warn people of scammers, however old Bitcointalk users have found a way to poison this as well.
Not all votes are equal. Or more simply put: the votes of old users who have Full Member, Hero or Legendary account ad up to total Trust score, however, the votes of all other normal users do not. This means that old members can easily spam you with fake negative Trust scores bringing it to sub zero, which they do, but if you give them negative review, it will not effect their Trust score.
Users can either trade Merit send it to each other or buy old accounts of people who no longer use Bitcointalk and want to sell them. Write for us.
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