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Title: Stopping fraud masterstroke Post by: bonker on December 04, 2012, 01:51:32 PM Fraud is the major stumbling block when getting Bitcoin accepted in mainstream use. So the question is, can the block chain be use to publically confirm a bitcoin payment in the advent of a dispute?
i.e if I buy some stuff with bitcoin, can the blockchain be used to prove an amount was sent to a given named recipient? That would make life easier. Title: Re: Stopping fraud masterstroke Post by: tbcoin on December 04, 2012, 01:54:06 PM Maybe http://blockchain.info/tags
Title: Re: Stopping fraud masterstroke Post by: FreeMoney on December 04, 2012, 06:26:58 PM Fraud is the major stumbling block when getting Bitcoin accepted in mainstream use. So the question is, can the block chain be use to publically confirm a bitcoin payment in the advent of a dispute? i.e if I buy some stuff with bitcoin, can the blockchain be used to prove an amount was sent to a given named recipient? That would make life easier. If you have the name you can use whatever methods you currently use to avoid being defrauded. The reasons so many people get ripped off for their coins is that Bitcoin makes it possible to send money directly to complete strangers. There is nothing safe about that, the way to avoid loss is to not take advantage of that option. Title: Re: Stopping fraud masterstroke Post by: bonker on December 04, 2012, 10:55:27 PM Maybe http://blockchain.info/tags Interesting, thanks buddy!Title: Re: Stopping fraud masterstroke Post by: benjamindees on December 05, 2012, 03:27:56 AM Confirming payment is pretty simple. Gavin has a proposal for signed invoices and receipts, which honestly can be accomplished already with a few command-line programs.
The problem isn't confirming payment. The problem is that the Bitcoin economy is so small, and disperse, right now that trying to enforce any kind of remuneration against someone a thousand miles away is near impossible. Title: Re: Stopping fraud masterstroke Post by: AfricanHunter on December 05, 2012, 04:21:25 AM Confirming payment is pretty simple. Gavin has a proposal for signed invoices and receipts, which honestly can be accomplished already with a few command-line programs. The problem isn't confirming payment. The problem is that the Bitcoin economy is so small, and disperse, right now that trying to enforce any kind of remuneration against someone a thousand miles away is near impossible. Agree. Confirming has been easy for me, it's all the scammers and free-for-all nature which poses challenges. At least from my perspective |