Identity verification.
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Perhaps make a post in the https://forums.burst-team.us/category/6/asset-exchange about this service and pin it to the top. This way others will know up front that this is what we will look for before investing into an asset.
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@socalguy The Insurance Asset post is pinned, and I'll look at making another one with recommended asset issuer quidelines.
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@RichBC yes - the chat feature from the dropdown when you go to my account
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Even if it can't be a requirement, it will soon be mandatory for any serious asset issuer to dox themselves by this process. Excellent initiative if you ask me :)
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@RichBC thanks for becoming the first member to verify themselves.
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I hope all the best asset issuers like @jervis, @nameless, @Focus, @Zeus, @rapidfireman and the other ones do this part 1. Will be great to the new guys at Burst.
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I guess i could do it again.... the thing is that a bunch of people already know who i am and some even hold my identity and all that. But hell, i'll do it here as well soon enough. I just hate mailing shit, and especially all the way from Europe to NZ... oh well, it shall be done.
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Until I get a label printer, addresses will be handwritten - please excuse my horrible scrawl ........ ;-)
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@nameless I'm a Kiwi, but I'm not in NZ - you'll be mailing to the US :)
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@haitch worry not about your scribbles :) . i think i last wrote by hand in highscool... some time passed since, so expect the same from me when the time comes
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@nameless I was 13 before I found out I need glasses, I blame my horrible scribble on the fact I couldn't see .............. :)
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@haitch amazing service :D I want to have that in my assets :D
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@Zeus Thanks - don't know why I didn't think of it years ago - Identity Verification adds so much additional trust.
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@haitch I talked about the idea of an escrow site for documents one or two months ago... I think it was after the DDOS SCAM! Of course i didn't had the reputation to make it, and i think i still don't have it xD
Glad you had this idea too and made this possible?!
EDIT: here is the link: https://forums.burst-team.us/topic/1308/major-scams-on-asset-exchange/10 xP
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@gpedro credit is given where it is due :) . Spot on idea.
Actually, @haitch 's insurance asset idea was inspired by that scam as well.
As messed up as it was, that scammer gave all of us some great ideas that we acted upon, so i guess i have to give him credit there.. he made us better
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@gpedro That discussion got the idea started, but how to make it work is something that was bouncing around in my head for the last couple of months. No single way gave the assurance and quarantee - hence the multi pronged approach - the insurance asset, the asset escrow, and the identity verification. Combining those makes an asset as trustworthy as I can figure out to make it. If anyone has additional ideas/enhancements - I'll look at incorporating it.
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@nameless I wasn't looking for credit at all... What i was trying to say is that when i wrote i just throught up the idea because i didn't had the means to make it possible and that i am glad @haitch used the idea in a much better way than i said in there, because actually i was written that idea at the same time i was getting it so i didn't took much time thinking in a way of making it, because i didn't thought i had what it takes to make this trully thrustworthy and he has?! xP
@haitch if i came up with something to add in here i will get back to you for sure xD
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Just a quick thought :) why not do it like real world insurance companys does it? :) You have the tools in the client -> subscription. Just like in real world you can choose to pay monthly fees to be insured against your bad decision to trust a scam ;)
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@LithStud it wouldn't work. the economics of it are not possible.
You see,in the real world, an insurer's chance of having to pay someone out are in the area of 0.0001% , and even that to a limited amount.
But the probability of having the insured people scammed in BURST is much higher right now.
And even if such a system was to be implemented, it would be way to expensive for the payer.
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@LithStud I thought about a monthly premium based service - but the issue I had was how to determine risk factors. Life insurance companies have armies of actuaries calculating your risk factors and the likelihood of you dying - and formulate the premium based on that. How do I determine your trading risk factors? In the end I decided that a risk ignorant fund that promised to pay out 150% of your bad decisions was the most acceptable to the market and the most manageable for me.


