Sockpuppet accounts grow their reputation value much faster than honest users can in a Web of Trust, because sockpuppets validate each other, and the system is therefore flawed and should not be used where fungible currency is at stake.
Source quote, verbatim
However, sockpuppet accounts can grow their value much quicker in the web of trust by validating each other. Honest users are much slower than the sockpuppets validating each other. Hence, the system is flawed.
From
Craig Calcaterra, Wulf A. Kaal, Gopinath Sivalingam, Reputation Protocol for the Internet of Trust - Conceptual Whitepaper (2018), Sockpuppet Protocol, p. 21 https://ssrn.com/abstract=3266953 · source PDF
Cite as
Craig Calcaterra, Wulf A. Kaal, Gopinath Sivalingam, Reputation Protocol for the Internet of Trust - Conceptual Whitepaper (2018). SSRN: https://ssrn.com/abstract=3266953
Holds when
web of trust style reputation used by many distributed ledger startups
restated_bykaal:claim:3782210-008 A Web of Trust style reputation ledger, in which each party rates each transaction and reputation is summed wi...
extended_bykaal:claim:3782210-026 Every single reputational implementation the authors have audited in the blockchain DAO space carries the flaw...
restated_bykaal:claim:3405401-028 Until blockchain technology was introduced via bitcoin in 2009, decentralized reputation systems mostly relied...
restated_bykaal:claim:3411897-035 Until blockchain technology arrived with Bitcoin in 2009, decentralized reputation systems rested on the rough...
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