Skip to main content

FAQ 3 The Edge Cases

Q. If the buyer is a journalist or short-selling institution who wants to expose the truth, and they want to make it public immediately instead of "delaying disclosure" after buying the evidence, how should they operate?​

A: After journalists or short-selling institutions pay the "base price" to obtain the decryption key, as long as they refuse to pay the subsequent "delay fee", the smart contract will judge it as a default, thereby quickly making the evidence public on the entire network. This can not only meet the needs of journalists to obtain exclusive news but also achieve the purpose of accelerating the exposure of the truth.

Q. "Token Volatility" Risk in the Economic Model: If the price of the platform token (EMC) plummets violently, will the cost of the delay fee converted into fiat currency become very low, resulting in criminals being able to cover it up forever?​

A: This is unlikely to hold true in reality. Because if there are criminals willing to buy tokens to cover up evidence, it will inevitably give everyone a psychological expectation, which will push up the price of the EMC token. So when there is demand, the price of EMC will not be low.

Q: How to prevent someone from maliciously uploading fake evidence or irrelevant content?​

A:

  1. Economic Cost: Minting an Evidence Box requires paying gas fees, so there is a financial threshold for forgery.
  2. Buyer's Game: The one who wants to verify authenticity the most is the buyer (usually the criminal). If the buyer finds out they bought a fake, they will immediately initiate arbitration.
  3. DAO Governance: The community can vote to blacklist violating Evidence Boxes and ban their addresses.

Q. "Whistleblower" Preventing Malicious Extortion (Self-Directed): What if a person has no substantial evidence, but just uploads an empty file, and then uses other channels to intimidate the victim (self-directed), extorting them to pay, what should be done?​

A: If wrongdoers have a clear conscience, they can completely ignore it. And once purchased and found to be fake, it can still be refunded. In short, the fact that some people are blackmailed by fake criminal evidence precisely proves that they are indeed criminals.