Re:A decentralized anonymous marketplace
by ap22213 on Tuesday March 25, 2014 @08:52AM
(#7465495)
Maybe. But, doesn't it make sense for a vendor to spend 100 BTC in fees to build a reputation so that they may scam 1,000 people in 1 BTC transactions?
[ Parent
| on HN ]
Yes, it does. Which is why you have to have the trust factor incorporate the transaction volume for each vendor (calculated based on how much they've paid in fees).
Scamming 1,000 people for 1 BTC would require having 1,000 open orders for 1 BTC each at the same time. If a vendor who has paid 100 BTC in fees has over one hundred 1 BTC pending orders, you'd probably be wise to stay away. And the software can guide you in making this decision.