This may have been mentioned already and I have forgotten. How does the trust system get based? As in what do you do to improve or harm your rating.
Keep up the good work.
~Prof
The metric is mostly blockchain based for now, i fear external data sources may be manipulated.
1) How long has your wallet been active on the network.
2) How much do you transact (tx frequency)
3) How much do you use your wallet( tx count )
4) Wallet Balance
later on i will add
1) how many blocks mined (this is crucial, we need network support in the form of hashrate so contributing to the upcoming P2Pool will gain you massive trust boost)
2) Default 10-20% trust for those who will participate in ICO (they are basically supporting the project)
3) Previous Banking Tx lookup ( available on my node and very very dirty )
4) How much have you held in total
All in all this is combined with mining stage to provide a crude calculation of how much you contribute to tyhe overall health of the system. That is your trust rating. Your Credit rating (temporarily disabled) will use your trust rating plus additional tx data such as the size of your transactions, what % of them where with Banking nodes and whether you have outstanding loans.
How to improve your rating 1) Join mining pools, p2pool to be exact
2) Buy ICO (if you'd rather be mining something else)
3) Use the coin, having a big balance that never moves around won't get you more trust, but a big balance that does move is worth more
4) (much later) Apply to be a banking node, banking nodes have default trust rating of 1.
