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We had conducted an extensive interview with a frequent Ocean Market user, which yielded these notes (copied from the ocean-utu Slack channel):
On whether to trust a data asset:
- How many people/shares provider publisher vs. investors
- Track record of publisher address — other data sets and their liquidity, maybe it was involved in some DeFi scam/fraud?
- Only buyers (consumers) can provide real feedback (but a “pure” liquidity provider might not care about actual quality, just about the price)
- Liquidity: did publisher withdraw (all) liquidity? — if a publisher does this repeatedly, they’ll be put in purgatory. But there are legitimate reasons for a publisher to withdraw liquidity, e.g. to free liquidity for a new data asset. If a data asset becomes out of date, it can (and should?) be removed from the market completely.
- Track record liquidity providers — like early liquidity providers involved in pump + dump
- Cannot see how many people purchase/provide liquidity, online total liquidity
- Dataset static or dynamic — latter worth more, but personal opinion
- Curation: how many is a publisher updating? — stale static data assets also loose relevance
- Dynamic data assets don’t have to be manually updated, but require integration, therefore less attractive to fakers/cheater
- References in description? — links to external sources? Is it attached to a platform/community?
- Sample data set provided?
- Certain publishers offer extensions, e.g. Chrome plugin like Swash, which collects data about users. Having contributed to a dataset might slightly increase trust, but there’s still a possibility that the rest of the data is trash/made up/whatever.
Other things:
- datawhale.online has an app which provides some user feedback and “trust score”; Simon used it and finds it attractive
- Early there were a lot of useless/fake datasets uploaded
- There exist Ocean market forks: e.g. big data protocol
Other reasons someone would trust a dataset:
- the description provided should be well curated, and at the very least relate to the data (obviously; but this is sometimes not the case)
- a staker will look for identifiers such as high liquidity
More information that would be useful
- “how many people have purchased a dataset”
- “track record of the address that publishes an asset”
- “track record of the people involved with an asset”
So there’s definitely a lot of possible ways to improve in future iterations. The general track record of addresses also across other protocols/d-apps is maybe one of the most interesting.
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