This is a really good point.
Trust is essential in all business and personal dealings.
Decentralised trust from blockchain tech can allow us to trust strangers in some situations but trust built on reputation in a community is still crucial in other transactions.
Hive provides both.
It really does. @brianoflondon talks about this a lot. How much is his reputation worth to him and what would it take for him to blow it up? He wouldnt do it for $100K.
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There is an attempt to get a digital passport via an obscure mix of verifications and it is very commonly used actually.
https://passport.gitcoin.co/
But I'd like it at all, it is dependent on more than one KYC account to get full points.
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Given the lag between powering down HIVE (or LEO) and the cash we get in exchange, alternate means of getting cash quickly will require reputation-based financing. This can't happen if we don't trust others.
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