Identity verification.
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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.
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@haitch Congratulations to @RichBC - First "Verified by Haitch" user! https://db.burst-team.us/id.html
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@haitch Just PM you my information to get started with ID verification for Burst!
Thanks,
CesBurst1782
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@CesBurst1782 Got the info - envelope going out Monday.
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This post is deleted!
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and our third verified member - @gpedro
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@haitch Thank you @CesBurst1782 - ID confirmed.









