Great Article.
One main comment is that you suggested similiar level of anonymity with confidence blocks, and I would like to suggest that :
1. Since confidence blocks rely on identity weight, than to impact a network people need to trust high weight nodes, this meams they are not as anonymous as in bitcoin.
2. By removing the anonymous requirement from the network, and creating incentive to build weight as an identity, trust is genereted through the historical reputation of a node.
I think that identity is key is establishing trust, which is the main requiredment from distributed asset issuance.
Should there be an algorithm for a node to define who are his trusted parties ? Like in ripple, I assume people will transact with issuers they trust or assets that are trusted by their confidence graph.
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Great Article.
One main comment is that you suggested similiar level of anonymity with confidence blocks, and I would like to suggest that :
1. Since confidence blocks rely on identity weight, than to impact a network people need to trust high weight nodes, this meams they are not as anonymous as in bitcoin.
2. By removing the anonymous requirement from the network, and creating incentive to build weight as an identity, trust is genereted through the historical reputation of a node.
I think that identity is key is establishing trust, which is the main requiredment from distributed asset issuance.
If the majority were based on one-IP-address-one-vote, it could be subverted by anyone able to allocate many IPs. Proof-of-work is essentially one-CPU-one-vote.
Should there be an algorithm for a node to define who are his trusted parties ?
Like in ripple, I assume people will transact with issuers they trust or assets that are trusted by their confidence graph.