The new Reputation system

The problem is and old one: how do you know if someone will flake out on you? The idea is simple: implement a reputation system that tracks when people flake out.

Today we launched the first version of our new reputation system. It tracks the following three things:

1. The number of items you bought
2. The number of items you sold
3. The number of deals you flaked out on

Everyone starts at 0 reputation. When you buy/sell items on the site, your reputation goes up. When you make someone an offer, but then back out of it (flake out), your reputation goes down. Flaking out is also weighted more heavily than not flaking out, so in order to have a positive reputation score, you have to stick to your word more often than not.