Furthermore, magazines, blogs and retail store all act as rating agencies in some ways. Magazines have a strong incentive to only recommend quality products since their reputation is at stake. The same goes with retail store. They make sure they sell quality product because their reputation is at stake and they don't want to lose business.
Of course, the incentive for building those kind of companies is very low given the uncertainty that the government might decide to assume your role, putting you out of business.
> CAs suck and are unaccountable. Any of them can (and many of them have) issue a certificate for a site to an attacker.
> eBay feedbacks can be gamed and I generally don't trust them.
Do you think the government would do a better job at providing CAs or rating eBay sellers? Do you think the government is somehow immune to fraud?
> Your retail store example is laughable. I'm sure Walmart really cares about the quality of its products.
"I'm sure Walmart customers really care about the quality of products they buy at Walmart."
Walmart offers what customers want: cheap prices at the cost of lesser quality. Luckily we are still free to buy low quality products, because the government might "fix that" someday.
- http://en.wikipedia.org/wiki/Certificate_authority
- eBay feedbacks
- http://www.escrow.com
etc.
Furthermore, magazines, blogs and retail store all act as rating agencies in some ways. Magazines have a strong incentive to only recommend quality products since their reputation is at stake. The same goes with retail store. They make sure they sell quality product because their reputation is at stake and they don't want to lose business.
Of course, the incentive for building those kind of companies is very low given the uncertainty that the government might decide to assume your role, putting you out of business.