The IRC channel "#bitcoinOTC" brings bitcoin buyers and sellers together. The channel is run by a bot which keeps records of transactions involving registered names. This data is then used by traders in making decisions about whether or not to do business. Would it be possible to do something like this on a private IRC server running over TOR -- and would it be possible to make the bot open source so that anybody who wishes to do so can set up their own online traphouse?
The Grand Wizard is the Greatest Mind the Psychedelics World Has Ever Known but it's been a very long time since he fapped chatted on IRC and he has never mastered the technical intricacies of IRC or other chat clients. Would something like this -- an IRC bot released into the wild -- be one way of keeping Internet Black Markets alive in the face of an ongoing onslaught?
There would be no escrow in this scenario but there would be mechanisms to keep everybody honest. Keeping channel records decentralized and even making them accessible via torrent would ensure you could restart the channel or check your vendor's history in other channels. And it would make it difficult to prove that any person was the admin if everybody could gain access to the reputation records -- the thing which makes the channel useful in the first place.
Any thoughts on whether or not this would be feasible and, if so, what would be required to implement it?
edit fixed the bitcoinotc channel name. Ooops...
I have a friend named Steve like u. I liked to pretend he's u secretly.