Trust is Risk
A decentralized financial trust platform
Orfeas Stefanos Thyfronitis Litos
Dionysis Zindros
Financial Cryptography 2017
Motivation
- Decentralized marketplaces like OpenBazaar need a decentralized reputation system
- Multisigs give new context to money
- Intuition that maximum flows and risk taking are connected
- Trustless currencies like Bitcoin permit for novel uses of trust
Mechanics (1)
- Initially Bob and Charlie are part of Trust Is Risk, while Alice isn't.
- Alice decides to entrust 2BTC to Bob and 5BTC to Charlie through her newly installed Trust Is Risk wallet. She is risking 7BTC in exchange for being part of the network.
Mechanics (2)
- Initially Bob and Charlie are part of Trust Is Risk, while Alice isn't.
- Alice decides to entrust 2BTC to Bob and 5BTC to Charlie through her newly installed Trust Is Risk wallet. She is risking 7BTC in exchange for being part of the network.
- The next day, she discovers a pair of shoes sold by Dean for 1BTC.
- Through her new wallet, Alice checks Dean's trustworthiness.
- Let Tr_{Alice -> Dean} = 5BTC.
- Since 1BTC < 5BTC (shoes value < Tr_{Alice -> Dean}), Alice buys.
Multisig trust
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin urna odio, aliquam vulputate faucibus id, elementum lobortis felis. Mauris urna dolor, placerat ac sagittis quis.
Trust graph and rounds
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin urna odio, aliquam vulputate faucibus id, elementum lobortis felis. Mauris urna dolor, placerat ac sagittis quis.
Trust flow theorem
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin urna odio, aliquam vulputate faucibus id, elementum lobortis felis. Mauris urna dolor, placerat ac sagittis quis.
Risk invariance
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin urna odio, aliquam vulputate faucibus id, elementum lobortis felis. Mauris urna dolor, placerat ac sagittis quis.
Sybil resilience
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin urna odio, aliquam vulputate faucibus id, elementum lobortis felis. Mauris urna dolor, placerat ac sagittis quis.
Thank you!
Questions?
https://github.com/decrypto-org/TrustIsRisk
https://github.com/decrypto-org/TrustIsRisk.js
45DC 00AE FDDF 5D5C B988 EC86 2DA4 50F3 AFB0 46C7
<dionyziz@gmail.com>
FB61 4CCD 94E1 9201 D144 8D5A 9481 00FD BA28 707E
<orfeas.litos@hotmail.com>
deck
By dionyziz
deck
- 921