On April 6, French developer “Haz Æ 41″ presented an Ethereum enhancement proposal on GitHub. In fact, for the purpose of creating an” antitoken”, to measure the reputation of Ethereum.
Specifically, the token, created from the ERC-20 standard, would represent a negative amount related to bad reputation, debt or anything else that qualifies the owner as an unwelcome person within the platform.
I mean, it wouldn’t be convenient to have it in your wallet. «Less is better“, says the developer.
“Antitoken”, to measure Ethereum’s reputation
The idea of “Make Æ 41”, is that the token can be used to operate on an anti-currency Blockchain where, instead of signing sending coins, the receipt of them would be signed.
As a fun fact, people would be encouraged to spend that token, as owning it would not be a good thing.
As explained on GitHub, this ERC-antitoken would use a Smart Contract to emulate an anti-currency in the Ethereum ecosystem.
In this regard, the developer comments in his proposal, that the antitoken contract should not be compatible with other ERC-20 tokens. Since, if so, it could be exchanged and used in the same applications that they use in other tokens with positive value. For example, in a decentralized exchange.
However, the balance of this token would have to be positive for compatibility and security reasons. But, it would show as negative in the applications where it is used.
For its part, “Haz Æ 41” clarifies that, for the moment, the antitoken is just one proposal that will show the idea that the Blockchain can also be tracked for prestige and unpaid accounts.
In addition, other negative aspects of our history, that is, not so favorable data about our reputation.
Reputation and social media
Nowadays, reputation is a very popular topic in the field of social media. Also, it has been evaluated in the world of Blockchain for several years.
For example, there is the case of a project by Eric Ly, co-founder of Linkedin, with the intention of creating a sovereign digital reputation on a Blockchain.
«Identity, trust and reputation».
According to journalistic sources, the system developed by Ly, aims to constitute a new layer of trust for the Internet. Where anyone can evaluate the reliability of other individuals and their personal information.
Also, there is Michael Casey, author of the book “The Age of cryptocurrency: how Bitcoin and digital money challenge the world economic order”, who raises the idea of reputation tokens to prevent fake news in the world of journalism.
«I see Blockchain as a powerful tool for tracking and tracking audience traffic on websites. Creating more transparency for the online advertising industry».
Likewise, universal identity such as the one already launched with UBI, and its “Proof of humanity”platform, could be useful. It records profiles of humans who are tokenized on Ethereum.
By way of closing, do you agree with the proposal of Haz Æ 41, to measure the reputation of Ethereum? Leave us your opinion in the comments box.
I say goodbye with this phrase from Michael Casey: “The end result is a world where content producers directly control and monetize their works as they see fit».