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by eigenvalue 1936 days ago
Yes there will be a decentralized mechanism for posting essentially a “petition for relief” where they can lay out their case, but it will be optional and at the discretion of the operators of the “masternodes” in the system whether to grant relief. If the petitioner can attract enough votes then it would nullify the original registration. Anyone can operate a masternode but it requires locking up a lot of the coin to prevent Sybil attacks.
3 comments

Ah, so basically if someone starts selling my art and I can get enough social media traction then maybe I can get them in trouble? Awesome, sounds like a great time for someone who's spent all their time getting good at art instead of getting good at publicity.

And half the NFT art markets require you to not post stuff you've tokenized elsewhere, so much for hacking up a multi-tokenizer that claims my work on every market as a way to avoid thievery. Unless there is a cross-market standard for claiming An Art.

That doesn’t seem to be a very confidence inspiring answer to deal with fraud.
It's a difficult issue to handle in decentralized systems, especially in a way that scales with growth in the network. Any mechanism that is not voluntary/optional but which requires some human judgment would necessarily introduce centralization and various attack vectors to undermine the system, such as people filing thousands of fake petitions as a kind of DDOS attack.
And is there many cases of that happening yet? "There will be" worries me.
No, we are not live yet, we are still developing the system and focusing on getting the basic functionality working 100%. But the mechanism I described would be fairly easy to implement.