Hacker News new | past | comments | ask | show | jobs | submit login

In any system where an actor can be either honest or dishonest but certain qualities of correctness can be probabilistically ascertained, consensus is often a great replacement for trust.

In the case of an anonymous decentralized marketplace, vendor attributes like product quality can be ascertained by achieving consensus in the form of ratings and reviews.

Ultimately, without running the product through a mass spectrometer yourself, you are going to have to defer trust, so consensus aims to reduce the likelihood of dishonesty over an average.

For people in some parts of the world, the level of trustworthiness gauged from online marketplaces can supersede the level of trust given to local vendors.

Take Amazon for example, which, while not anonymous, uses consensus to assure quality in the form of validated reviews. Many people already prefer shopping by reviews than by trial-and-error at brick and mortar stores.




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: