Revain is changing the world as we see it by revolutionizing the online review industry. In this episode of "Proof of Stupidity," we explore how Revain solves all the issues facing the online review industry using a revolutionary new technology.
Welcome to Proof of Stupidity, the show where we talk about the most revolutionary ideas in the blockchain space. Today we’re going to talk about a cryptocurrency named Revain which is aiming to revolutionize the online review industry. This booming industry has been fraught with peril and fraud as malicious users relentlessly write fake reviews. Don’t we all just wish for a world where everyone was honest?
Revain offers you that world: A world where no one lies and people only ever write the highest quality of reviews. You might be wondering how Revain achieves such a remarkable feat and the answer is simple: Blockchain.
Now you might be wondering, what does blockchain offer? Decentralization. Censorship-resistance. Immutability. Evolution.
With blockchain, dishonesty is impossible because a snapshot of the original review is kept and stored in the blockchain. But wait! What if someone lies in the original review? Then aren’t all we doing is archiving a LIE? But see, Revain is 5 steps ahead of you with its remarkably simple and innovative system of weeding out these cretins.
First, all reviews pass through a patented and totally-new, never-been-used-before automated filtration process, complete with Tone Analyzer and deep learning neural networks. No crappy spam reviews will ever make it through.
But even if you make it past this patented and remarkable technology, which is definitely proprietary and could therefore never be used by any of its competitors, then the company the review is about gets the chance to either approve or reject the review ... Oh by the way, I forgot to mention the company pays for the reviews about itself – if they reject a review, the user doesn’t any reward.
Now, it might difficult to imagine a way in which this goes wrong, but Revain figured out a way it could … Theoretically speaking, a company could reject all critical reviews! What’s to stop them? The answer might surprise you: Blockchain.
Blockchain allows for automated, DECENTRALIZED, peer-to-peer arbitration to achieve consensus about who is in the wrong and who is in the right. If these oracles, as they are called, decide against the company, then the company becomes penalized with a warning and could become banned from the platform.
Now at this point, you’re likely pretty onboard with this: Blockchain clearly solves every problem associated with the integrity and quality of online reviews. Let’s move-on and have a look at some of the reviews currently being written in the beta for Revain, starting off with the renowned cryptocurrency, “Bitcore:”
The first review I have here is straightforward and to the point.
Pros: Very good team
Cons: nothing bad
Summary: mostly good
Now that’s a good start, but these reviews get even better than that. Let’s look at Review #2:
Pros: Every week airdrop ! It's 6% every Monday!
Cons: What is not less , will do) , no mobile wallets Android and IOS
Summary: Good luck team ! Bitcore future!
What I like about this one is how balanced it is. Despite being bullish on Bitcore, this individual reached deep and found some critical flaws like a lack of mobile wallets which really impressed me and I could see how this might help others make investment decisions.
Let’s move onto another cryptocurrency that is highly rated on the platform called Voise.
Pros: I believe it could go up
Cons: I also believe it could go down
Summary: But that's cryptocurrency for you
As simple as it might sound, this is remarkably true and a fact that many individuals in the space forget. I think it’s always worth reminding people that cryptocurrencies don’t only go up, but they could also go down. The one critique I have of this review is the author missed an opportunity to share this valuable lesson in the form of a Haiku.
Pros: I think it could rise
Cons: I also think it could fall
Summary: That’s crypto for you
See how much better that is?
Now this next review is one of the best I’ve seen on the platform. It actually kind of scares me that people this smart are out there because if they started a YouTube channel, I’d probably be screwed.
Pros: I don`t know I understand they are just starting but nothing interesting yet.
Cons: Lets hope so there is gonna be a lot of investor and they will help of the project.
Summary: The price is the same % like a the major coins and I did not like that
The English may not be the best on this one, but the content is there and you can clearly understand the message being relayed.
Now unfortunately, this is not the standard quality of reviews on the platform. Many other reviews are low quality with very little substance and there’s a very simple explanation for why: No blockchain.
See, Revain hasn’t launched its reward token yet to incentivize high quality reviews. It’s a miracle I was even able to find the ones I showed you here. Without companies paying for their own reviews, there’s no way to ever guarantee honesty.
Remember from earlier that in a world with blockchain, no one ever lies and the quality of the reviews is going to skyrocket. This current dashboard is only to show you how the current primitive world works without blockchain.
Once Revain starts storing reviews on the blockchain in Q2 and then launches their reward system in Q3, you can expect much better reviews because the ICO space is an area where Average Joe is best qualified to post reviews. This is even more so because they will be incentivized by being rewarded in RVN.
Now I forgot to mention up until this point, but RVN is Revain’s revolutionary stable coin, tied to Bitcoin because Bitcoin is known for its stability. This will ensure that everyone knows what to expect when they’re paid in RVN.
Now the astute among you might think: What if a company decides to buy reviews? You clearly haven’t you learned yet that Revain is always 5 steps ahead. Can you guess what the answer to this question might be? That’s right… Game theory.
See, it’s too expensive for a company to buy reviews because the review fee increases based off a proprietary formula that Revain has concocted with its 2000 IQ scientists. In doing this, it won’t be economically feasible for a company to buy millions of reviews, only enough to guarantee a 5 star rating and crush every single other competitor on the platform.
In summary, Revain is a remarkable cryptocurrency review platform that is aiming to revolutionize the way we see the online review industry. The world is not anymore the way it used to be and Revain is paving the path for the future and I’m so excited to see what they do.
