- Gradient proof of burn identities (PoB-IDs)
      - The purpose of a PoB is to:
         1. Associate a cost with creating an ID *that people are willing
         to trade with*, in order to create a financial disincentive for
         Sybil attacks
         2. Signal the level of risk associated with an individual trade
      - On point #2, if you are trading goods not valued higher than say
      $100, purchasing a PoB identity of $10 signals lower risk than
trading with
      an identity purchased with $0.2.
      - It is reasonable to assume that poor people will not be trading
      multi-million dollar yachts on OpenBazaar and would not need to purchase
      (or ascribe) a high valued PoB identity.
      - So poor people can purchase a relatively low cost identity if they
      wish
      - Please note, this is not the only way counter party risk will be
      signaled, it will be one of many factors to consider
   - Proof of burn identities are optional (at this stage of discussion by
   the devs)
   - If you choose not to purchase a PoB identity, then you will need to
      develop your reputation through the bitcoin-otc style web of trust that
      will be used to manage reputations and ratings (some discussion ongoing
      about integrating a PoW/PoB with making a rating)
      - Without a PoB-ID, it will take longer to establish a good
      reputation that people will be willing to trade with... but
essentially if
      they see than the identity has no PoB value ascribed to it, but
has a high
      trust rating across a broad network other well-regarded identities, your
      trade risk may be regarded as equivalent to a PoB-ID (maybe even better)
      - Also, without a PoB-ID, the trade you make with a buyer/seller may
      have more contractual safeguards in place (i.e. surety bonds, closely
      monitored trade by an arbiter, other stuff we or the market
hasn't thought
      of yet)
      - Even if people can create hundreds of identities for free, without
      a good web of trust reputation and a PoB-ID, it is unlikely that people
      will trade goods above a certain value.

>>>>> >     Doesn't make them trustworthy. It shows they value that identity
>>>>> and
>>>>> >     would be hesitant to do anything to ruin it thereby rendering
>>>>> their
>>>>> >     financial sacrifice meaningless

>>>>> >     Sent from my iPhone

>>>>> >     On 19 May 2014, at 20:19, "Anthony D'Onofrio" <
>>>>> iamtexture@???
>>>>> >     <mailto:iamtexture@gmail.com>> wrote:

>>>>> >>     How does lighting money on fire make someone trustworthy?

>>>>> >>     On Mon, May 19, 2014 at 7:42 AM, Peter Todd <pete@???
>>>>> >>     <mailto:pete@petertodd.org>> wrote:

>>>>> >>         _______________________________________________
>>>>> >>         unSYSTEM mailing list: http://unsystem.net

>>>>> >>     --
>>>>> >>     --
>>>>> >>     Anthony D'Onofrio
>>>>> >>     iamtexture@??? <mailto:iamtexture@gmail.com>
>>>>> >>     501.681.3225 <tel:501.681.3225>
>>>>> >>     -
>>>>> >>     Chaos Collider - Dream. Design. Develop. Deploy.
>>>>> >>     http://www.chaoscollider.com
>>>>> >>     -
>>>>> >>     Peace.Love.Human.
>>>>> >>     http://www.peacelovehuman.org

>>>>> >>     "Don't ask yourself what the world needs. Ask yourself what
>>>>> makes
>>>>> >>     you come alive and then go do that. Because what the world needs
>>>>> >>     is people who have come alive." - Howard Thurman
>>>>> >>     _______________________________________________
>>>>> >>     unSYSTEM mailing list: http://unsystem.net
>>>>> >>     https://mailinglists.dyne.org/cgi-bin/mailman/listinfo/unsystem

>>>>> >     _______________________________________________
>>>>> >     unSYSTEM mailing list: http://unsystem.net
>>>>> >     https://mailinglists.dyne.org/cgi-bin/mailman/listinfo/unsystem