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Richard Ramos edited this page Dec 21, 2018 · 4 revisions

Status Teller Network

Whitepaper: https://status.im/whitepaper.pdf

Interactions with other SNT use cases, and Status Features

Indicators of Trust

With the Status Network Token, we intend to implement a non-exploitable online reputation system based on TrustDavis. Stakeholders can deposit SNT against usernames at a premium, creating a badge indicating a level of value that username holds and the amount of backers they have. This will allow us to establish a base Web of Trust, which will give an indication of how reputable a username is within the network and this can be further developed in the future, for example, with the integration of Trustlines. This value may be used as insurance in escrow based transactions on Ethereum, in the Status Teller Network or wherever reputation can be put at stake

Ideas:

  • License contract should be associated to this trust system.
  • Obtaining a license should allow you to sell crypto to fiat up to an amount determined in function of the SNT deposited against the username.
  • Slashing of the SNT stake would decrease the amount of SNT staked, and max amounts of crypto that can be selled / escrows open at the same time?

Tribute to Talk

Probably we should allow communication between a buyer and the seller so they could perform agreements on how will the payment be done. Research needs to be done to determine how will TtT affect this communication, since if a seller sets a fee, most likely he wont be able to talk with potential buyers (It's highly likely that buyers do not have SNT to pay for the tribute).

This could be potentially mitigated by introducing Identities in Status, where a seller could create an identity exclusive for selling and this one wouldn't have TtT fees associated.

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