A functioning decentralized reputation system requires that counterparties' actions in decentralized commerce endure and become part of a public record: their actions must stick and become part of a meaningful precedence system.
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This necessitates that counterparties' actions in decentralized commerce endure and become part of a public record. In other words, counterparties' actions need to stick. Their actions have to become part of a precedence system that is meaningful.
From
Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019), VI. Decentralized Reputation as the Solution, p. 9 https://ssrn.com/abstract=3405401 · source PDF
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Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019). SSRN: https://ssrn.com/abstract=3405401
restated_bykaal:claim:3406323-037 Increasing counterparty trust in decentralized commerce requires that the full history of transactions be open...
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