Identity verification.
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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.
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@haitch First 5 user signed up - I'm a little surprised, expected the majority to be US based. Instead - 2 European, 2 Canadian, 1 US. With almost 2,000 users here, I also expected more users to be interested in having their identity verified ...
Is it because it's Sunday? The Packers are playing? Lack of trust of me (remember - I DoX myself to you in the verification process)? Or I'm just not patient enough ?
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@haitch A little patience. The Bursties will flock to you
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@haitch said in Identity verification.:
Sunday
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@haitch I'm not a asset issuer. So I think I don't have a reason to do this, right? If there is some, I can do, no problem.
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@JotaJota I expected pretty much anyone that wants to buy/sell in the marketplace, offer an asset, offer advice would want an "Identity Verified" status . Anonymity in Crypto is great - but being able to verify you're real while staying anonymous is even better.
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@haitch Got it. Send me a message to understand how to do the whole process.
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This post is deleted!
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@JotaJota Send me a chat message with your real name and address. I'll send you a self addressed envelope (DoXing me to you) - send back something official with your name and same address - preferably a photo ID. Done,
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@haitch just messaged you about this. Not sure if you guys have seen this www.proofofphysicaladdress.com but it's exactly what you are doing automated through a Solidity smart contract :)
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@haitch This is a very good service to offer the community. I'm interested in starting an asset in the near future and will be sending my information when the time comes.




