Published here - https://gov.gitcoin.co/t/benefits-of-using-price-of-forgery-in-gitcoin/11314
What benefits GC can get with known forgery price for every human verification (HV) method in use. I see three general things:
Please see some thought-provoking advantages below. I’m sure I’m missing something.
Upala protocol ensures that Price of forgery (PoF) is defined by the market. Which makes Upala accurate, responsive and reliable (even bots cannot beat the market 😉). Every human verification method can be fairly and accurately measured with PoF.
The protocol can also detect if an HV method gets exploited in a new (cheaper) way. That allows to track reliability of HV methods over time.
PoF organically brings HV methods into money dimension. Which makes it easy to reason about capital allocation. Be it crafting KPIs or perfecting fraud detection techniques there is new solid data to rely on. The following may be of use: PoF of a HV method, PoF across a group of users, total PoF of all users.
Gitcoin is a massive web2 to web3 gateway and a big trusted player already. Giving away passports here seems like a perfect resonator for the upcoming digital identity wave.
In order for the pill to remain green it is essential that those passports are scored in decentralized, simple and transparent manner. PoF can provide that.
Further adoption of the passport will allow to monetise anti-sybil and fraud detection efforts through fees.
Upala was made for GC. It can provide automated, transparent and ongoing PoF measuring.