kaal:claim:3782210-011

The Web of Trust works acceptably for low-value information transmission but should not be used for transactions involving larger wealth in the general economy, which is part of why the scheme it originated in is called pretty good privacy rather than good privacy.

It works well for low-value infor- mation transmission, but it should not be used for transactions involving larger wealth in the general economy.

Craig Calcaterra, Wulf A. Kaal, The Importance of Reputation for the Evolution of Decentralization (2021), Web of Trust, p. 4
https://ssrn.com/abstract=3782210 · source PDF

Craig Calcaterra, Wulf A. Kaal, The Importance of Reputation for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782210

• high value economic transactions

designsupport: arguedfailure: Value threshold breachfamily: reputation-system-gamingreputationconsensus-and-security

• restates kaal:claim:3266953-031 The Web of Trust is only trustworthy where the service is not valuable, such as essentially free PGP email, be...
• extends kaal:claim:3266953-028 A Web of Trust reputation system can be gamed with sockpuppet accounts, because an attacker can behave well fo...

The quote above is an exact substring of the source PDF, whose sha256 is 9cc531ab239f6266c8aeddcc8e54f4c06029c44e825444bee137bbcc0c9d0a8e. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/367cfd060086a4f9...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3782210-011.md | sha256sum