One other note about TrustBonus:
Right now it’s framed as a % multiplier on all donations, which after learning more about the problem I think might not be the best long term solution…
Why? After studying Vitaliks On Collusion article , we’ve considered changing the core architecture of this to be a PersonhoodScore which equates to the price of forgery of each identity in the system.
So in this framing, instead of an identity service N giving a TrustBonus % TB, each identity service would give a PS where 1 unit of Personhood Score is equal to $1 Price of Forgery for a new identity mechanism.
What does this accomplish? Well in Vitaliks On Collusion article , we learned that cheaters come in all shapes and forms, from common petty criminal up to Justin Sun to nation-state actors behaving badly. By recognizing this core fact, we are at least able to frame this problem in crypto-economic terms – and make a system cheaper to defend than it is to attack..
In practice this means if a user is not sybil verified or not, their identity has a PersonhoodScore/Price of Forgery of $X – where up to $X in benefit you can assume the identity is valid, and after $X you cannot be sure.
The basic idea here behind PersonhoodScore is that each identity mechanism adds $X to the price of forgery of an identity, and the PersonhoodScore can add/multiply as a user integrates with more identity mechanisms.
EG if Rabbithole.gg were to integrate Gitcoin’s sybil resistence one day, and a user with a Personhood Score of 10 comes to them, they can assume that they can safely give a reward worth $10 or under to that user.
In Gitcoin Grants this is what it would look like in a straw man Gitcoin Grants contribution dampening model which maps a users match amount to their personhood score, ending in a percentage of matching amount that can be safely applied:
In this model,
- a user with a 1000 personhood score who contributes contributions that would generate $100 in matching would get 100% of their contribution matched.
- a user with a 100 personhood score who contributes contributions that would generate $100 in matching would get 100% of their contribution matched.
- a user with a 10 personhood score who contributes contributions that would generate $100 in matching would get 13% of their contribution matched.
- and so on..
While were on the topic of how to govern TrustBonus, I figured this reframe might be useful feedback for the proposer. Open to community feedback as always tho!
Disclaimer: This post is for informative purposes only and is not financial advice. This post reflects my personal views, not a decision or commitment by Gitcoin governance. Forward-looking items in it are targets, not commitments. The information in these posts is subject to change as we continue learning. This post may contain estimates, may contain errors, and is provided on a best-effort basis. DYOR, do not make any financial decisions based on these posts.