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TrustSpace.com

By Max | July 1, 2007

About 6 months ago, a friend of mine was discussing an idea with me about the issue of trust over the internet. These days on the internet people are interacting with more strangers than ever before. This makes it very difficult to prevent someone from defrauding you. Then this week I revisited the idea while I was buying a website. Sending a lot of cash to a complete stranger over the internet is definitely a leap of faith. I would be lying if I said I wasn’t nervous about it at all. There should be an ebay feedback like system for the internet in general.

I think someone could make a lot of money by implenting a social network based on the trust issue. It would be like myspace but instead of connecting to friends, you are connected to people you have had some interaction with. For example, if you purchase a car from someone on craigslist you could log into ‘trustspace.com’ and check to see what other people who’ve transacted with the seller had to say. Then if your deal went well you could connect with the seller on trustspace.com and leave some positive feedback.

Instead of leaving comments for your friends like myspace, you would write up the details of the transaction and whether it was favorable or not. I think the webmaster community could really embrace a site like this since currently there appears to be so much fraud and overpromising. The internet is kind of like the wild west these days. Need a programmer for some small job? Search trustspace.com and see who gets good reviews.

A site like this would have huge potential.

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Topics: Million Dollar Ideas |

2 Responses to “TrustSpace.com”

  1. Scott Says:
    July 1st, 2007 at 9:01 am

    I don’t think it is wise of you to post million dollar ideas and not have the domain purchased. Once people believe your idea you could sell it for tons!

  2. Contrarian Says:
    July 3rd, 2007 at 5:50 pm

    It seems like there is a lot of room for fraud. Someone selling an item on craigslist could pretend to be someone with a high trust rating. The rating systems built into market places seem to be the best methods of verifying history.

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