Friday, April 12, 2013

Feedback system overhaul

We have learned that creating a functioning marketplace is a very difficult problem. Now we have tried to improve the marketplace by creating an overhaul to the feedback system.

In the new system, feedback is always enabled when an request is finished in a way or another. However, localbitcoins.com system tries to determine "confirmed" status for feedbacks with an algorithm. A confirmed status means that we have strong confidence that the feedback is legit.

Also users can block other users with the feedback mechanism. This helps stopping escrow spammers or buyers, who try to hedge bitcoin price using the system.

Our next goal is trying to limit the advertisement spam in the system. Also fine-tuning the processes more fluid.

5 comments:

  1. Replies
    1. why feedbacks appear not is chronological order?
      thanks in advance

      Delete
  2. Surely to stop advertisement spam is as easy as adding an expiration date? Theres advertisements on here have been here since I joined.
    However kudos on the site. I trade here becaude you never go down and you never had a security issue yet so keep up the good work
    Unotdog25

    ReplyDelete
    Replies
    1. Putting a date will not prevent reposting...

      Delete
  3. Great idea. It help a lot in the working. You shared a most important information regarding the feedback.I will also shared the same with my friends.I will send you feedback also.Thanks.
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    ReplyDelete

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