Transaction

cfb3aa1f83d64a5fde8baf5351e985990eaab4a021df79c82b1a0ab1de4e3028
Timestamp (utc)
2024-03-22 05:38:30
Fee Paid
0.00000022 BSV
(
0.01177830 BSV
-
0.01177808 BSV
)
Fee Rate
10.39 sat/KB
Version
1
Confirmations
97,238
Size Stats
2,116 B

2 Outputs

Total Output:
0.01177808 BSV
  • j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckMH<div class="post">I'm certainly not a cryptographer by trade or anything so I'm not sure if this idea holds any water.&nbsp; As I browse the forums I am noticing that perhaps one of the bigger issues when transacting with BC is building reputation between the transacting parties.&nbsp; In particular, the very first transaction seems to be critical.<br/><br/>I'm wondering if a solution, similar to what Professor Markus Jakobsson proposed in his paper could work? See <a href="http://romualdogrillo.net/index.php?option=com_content&amp;view=article&amp;id=48&amp;Itemid=54">http://romualdogrillo.net/index.php?option=com_content&amp;view=article&amp;id=48&amp;Itemid=54</a>&nbsp; &nbsp;for an overview.&nbsp; In a nutshell, the goal with "coin ripping" is similar to what could be done with traditional paper money.&nbsp; <br/><ul style="margin-top: 0; margin-bottom: 0;"><li>If A is going to perform $5 of service for B, they each can take out a $5 bill and rip them in half.</li><li>Now A and B would each have 2 halve's of a $5 bill, but neither would have the correct halves.</li><li>Therefore A is incentivized to actually perform the service for B, since this is the only way for him to receive both the missing half from his original $5bill back and the missing half of B's original $5 bill.</li><li>The result is a transfer of $5 to A from B (as originally planned) in exchange for service.<br/></li></ul>Of course, if A or B is a scammer, with this scenario both of them would lose.&nbsp; In other words, it wouldn't pay to be a scammer.<br/><br/>I don't know if this is something that would qualify for design consideration, but if all transactions were "ripped" by default, it might set people's minds at ease.&nbsp; Additionally, it could possibly be algorithmically implemented unlike a staffed escrow account.<br/><br/>What do you guys think?</div> text/html
    https://whatsonchain.com/tx/cfb3aa1f83d64a5fde8baf5351e985990eaab4a021df79c82b1a0ab1de4e3028