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Title: Bloq Appreciation Thread Post by: BlindMayorBitcorn on February 05, 2016, 11:36:02 PM For anyone wishing to appreciate further:
https://www.reddit.com/r/Bitcoin/comments/4012hu/bitpay_is_actively_cooperating_with_chainalysis/ https://www.reddit.com/r/Bitcoin/comments/3mea6b/bitpay_is_blacklisting_certain_bitcoins_rejecting/?ref=search_posts Title: Re: BitPay Appreciation Thread Post by: European Central Bank on February 05, 2016, 11:42:28 PM It's not as if these guys have much choice is it? Banks and lawmakers must be itching for a reason to shut them down. I wouldn't wanna be their compliance team.
Title: Re: BitPay Appreciation Thread Post by: BlindMayorBitcorn on February 05, 2016, 11:43:31 PM It's not as if these guys have much choice is it? Banks and lawmakers must be itching for a reason to shut them down. I wouldn't wanna be their compliance team. I can certainly appreciate that. Title: Re: BitPay Appreciation Thread Post by: owm123 on February 05, 2016, 11:46:10 PM For anyone wishing to appreciate further: https://www.reddit.com/r/Bitcoin/comments/4012hu/bitpay_is_actively_cooperating_with_chainalysis/ https://www.reddit.com/r/Bitcoin/comments/3mea6b/bitpay_is_blacklisting_certain_bitcoins_rejecting/?ref=search_posts Andreas Antonopoulos was asked about the blacklisting issue BitPay blocking transactions. This was his reply Quote we really need to address the issue of fungibility. Blacklists are inherently evil, as they seed control to the author of the blacklist and that control is absolute. https://www.youtube.com/watch?v=ak1iojpiHpM&feature=youtu.be&t=33m6s Title: Re: BitPay Appreciation Thread Post by: BlindMayorBitcorn on February 05, 2016, 11:58:01 PM For anyone wishing to appreciate further: https://www.reddit.com/r/Bitcoin/comments/4012hu/bitpay_is_actively_cooperating_with_chainalysis/ https://www.reddit.com/r/Bitcoin/comments/3mea6b/bitpay_is_blacklisting_certain_bitcoins_rejecting/?ref=search_posts Andreas Antonopoulos was asked about the blacklisting issue BitPay blocking transactions. This was his reply Quote we really need to address the issue of fungibility. Blacklists are inherently evil, as they seed control to the author of the blacklist and that control is absolute. https://www.youtube.com/watch?v=ak1iojpiHpM&feature=youtu.be&t=33m6s Soon enough you can just stick 'em in that CT sidechain, and boom: be as nefarious as you want. :) Title: Re: BitPay Appreciation Thread Post by: BlindMayorBitcorn on February 06, 2016, 12:17:30 AM Does CT hide the addresses involved?
No, just the amounts. Quote Most importantly, this scheme is compatible with pruning and does not make the verification state for Bitcoin grow forever. It is also compatible with CoinJoin and CoinSwap, allowing for transaction graph privacy as well while simultaneously fixing the most severe limitation of these approaches to privacy (that transaction amounts compromise their privacy). Ok. http://ci.memecdn.com/410/3317410.jpg Shh. That's what CoinJoin is for. ;) Title: Re: BitPay Appreciation Thread Post by: unamis76 on February 06, 2016, 12:33:11 AM Who are they blacklisting exactly and why? I find this rather odd. They may be losing revenue by blacklisting coins or addresses... If this is true they seem to be shooting themselves in their own feet.
Title: Re: BitPay Appreciation Thread Post by: owm123 on February 06, 2016, 12:39:57 AM Who are they blacklisting exactly and why? I find this rather odd. They may be losing revenue by blacklisting coins or addresses... If this is true they seem to be shooting themselves in their own feet. I guess its better to reject few coins or address, rather then to anwser to feds or regulation, why, for example, they accept drug coins or something like this. Bitpay is not the only one. Coinbase also was shown to be "very be interested" in what you do with your coins: http://www.bitedge.co/blog/coinbase-restricts-users-for-gambling-transactions/ Title: Re: BitPay Appreciation Thread Post by: PakistanHockeyfan on February 06, 2016, 01:04:42 AM It's no different than any other Bitcoin payment platform.
Title: Re: BitPay Appreciation Thread Post by: fkjfld on February 06, 2016, 01:07:00 AM It's not as if these guys have much choice is it? Banks and lawmakers must be itching for a reason to shut them down. I wouldn't wanna be their compliance team. I can certainly appreciate that. Title: Re: BitPay Appreciation Thread Post by: BlindMayorBitcorn on February 06, 2016, 01:10:53 AM It's not as if these guys have much choice is it? Banks and lawmakers must be itching for a reason to shut them down. I wouldn't wanna be their compliance team. I can certainly appreciate that. http://blog.postofficeshop.co.uk/wp-content/uploads/2015/03/Employee-Appreciation-Day.jpg Title: Re: BitPay Appreciation Thread Post by: The Sceptical Chymist on February 06, 2016, 02:35:39 AM I will be the first to admit that I don't often spend bitcoins like cash--I've come to view cryptocurrency as a speculation tool and as a store of value. But I did buy some precious metals from Provident last year and I do believe the transaction was processed through Bitpay. I'm not 100% sure. It was fairly painless, though for some reason I had to transfer btc to my Xapo wallet, because Mycelium wasn't allowing the bitcoin to be withdrawn.
Title: Re: BitPay Appreciation Thread Post by: Soros Shorts on February 06, 2016, 03:14:33 AM I'd like to know what kind of coins are being rejected by Bitpay. Can anyone shed any further details on some examples of rejected coins?
Title: Re: BitPay Appreciation Thread Post by: foggyb on February 06, 2016, 04:40:55 AM I'd like to know what kind of coins are being rejected by Bitpay. Can anyone shed any further details on some examples of rejected coins? Probably coins from known addresses involved in receiving stolen coins. Its hard to argue against blacklists, but where do you draw the line? It is immoral to do business with thieves. Title: Re: BitPay Appreciation Thread Post by: owm123 on February 06, 2016, 05:18:51 AM I'd like to know what kind of coins are being rejected by Bitpay. Can anyone shed any further details on some examples of rejected coins? Probably coins from known addresses involved in receiving stolen coins. Its hard to argue against blacklists, but where do you draw the line? It is immoral to do business with thieves. Blacklists are very bad! Simply because they lead to sad possibility that mine bitcoins are not as good as yours, thus value of 1 btc != 1 btc. Andreas Antonopoulos was asked already ask about BitPay blocking transactions. He said: Quote we really need to address the issue of fungibility. Blacklists are inherently evil, as they seed control to the author of the blacklist and that control is absolute. https://www.youtube.com/watch?v=ak1iojpiHpM&feature=youtu.be&t=33m6sTitle: Re: BitPay Appreciation Thread Post by: owm123 on February 06, 2016, 05:20:56 AM I'd like to know what kind of coins are being rejected by Bitpay. Can anyone shed any further details on some examples of rejected coins? There maybe many reasons. For example, Coinbase was rejecting gambling related transactions: http://cointelegraph.com/news/coinbase-is-tracking-how-users-spend-their-bitcoins Title: Re: BitPay Appreciation Thread Post by: coaltin on February 06, 2016, 05:21:08 AM I'd like to know what kind of coins are being rejected by Bitpay. Can anyone shed any further details on some examples of rejected coins? Probably coins from known addresses involved in receiving stolen coins. Its hard to argue against blacklists, but where do you draw the line? It is immoral to do business with thieves. Anonymity is taking a troll on things and hard to differentiate between white coins and black coins Title: Re: BitPay Appreciation Thread Post by: foggyb on February 06, 2016, 05:23:07 AM Blacklists are very bad! Simply because they lead to sad possibility that mine bitcoins are not as good as yours, thus value of 1 btc != 1 btc. Blacklists are not evil. Only people can be evil. Don't put blacklists on coins, put them on addresses instead. Title: Re: BitPay Appreciation Thread Post by: exstasie on February 06, 2016, 05:32:54 AM I'd like to know what kind of coins are being rejected by Bitpay. Can anyone shed any further details on some examples of rejected coins? Probably coins from known addresses involved in receiving stolen coins. Its hard to argue against blacklists, but where do you draw the line? It is immoral to do business with thieves. That's partly the issue -- tainting coins doesn't mean doing business with thieves. It especially hurts casual users like you or I, who don't pay for extensive taint analysis on coins we transact with. So, if we sell some Steam codes or physical coins on the forum and receive some "tainted" coins, how are we to know? ......And when we go to spend those coins? Coinbase might drop us as customers. Bitpay might tell our vendors to stop doing business with us. And maybe this is only the beginning.... hopefully LEO doesn't end up knocking at our doors. Title: Re: BitPay Appreciation Thread Post by: owm123 on February 06, 2016, 05:34:14 AM Blacklists are very bad! Simply because they lead to sad possibility that mine bitcoins are not as good as yours, thus value of 1 btc != 1 btc. Blacklists are not evil. Only people can be evil. Don't put blacklists on coins, put them on addresses instead. How this solves this issue? All bitcoins have public history. Banning some address could also ban every coin which can be associated with a given blacklisted address. Title: Re: BitPay Appreciation Thread Post by: owm123 on February 06, 2016, 05:39:37 AM I'd like to know what kind of coins are being rejected by Bitpay. Can anyone shed any further details on some examples of rejected coins? Probably coins from known addresses involved in receiving stolen coins. Its hard to argue against blacklists, but where do you draw the line? It is immoral to do business with thieves. That's partly the issue -- tainting coins doesn't mean doing business with thieves. It especially hurts casual users like you or I, who don't pay for extensive taint analysis on coins we transact with. So, if we sell some Steam codes or physical coins on the forum and receive some "tainted" coins, how are we to know? ......And when we go to spend those coins? Coinbase might drop us as customers. Bitpay might tell our vendors to stop doing business with us. And maybe this is only the beginning.... hopefully LEO doesn't end up knocking at our doors. There are companies doing blockchain and risk assessment of transactions, e.g. http://www.coinalytics.co/solutions But i think they are mostly for businesses, not for individual customers. Bitpay is using coinalytics for example. Title: Re: BitPay Appreciation Thread Post by: exstasie on February 06, 2016, 05:45:58 AM I'd like to know what kind of coins are being rejected by Bitpay. Can anyone shed any further details on some examples of rejected coins? Probably coins from known addresses involved in receiving stolen coins. Its hard to argue against blacklists, but where do you draw the line? It is immoral to do business with thieves. That's partly the issue -- tainting coins doesn't mean doing business with thieves. It especially hurts casual users like you or I, who don't pay for extensive taint analysis on coins we transact with. So, if we sell some Steam codes or physical coins on the forum and receive some "tainted" coins, how are we to know? ......And when we go to spend those coins? Coinbase might drop us as customers. Bitpay might tell our vendors to stop doing business with us. And maybe this is only the beginning.... hopefully LEO doesn't end up knocking at our doors. There are companies doing blockchain and risk assessment of transactions, e.g. http://www.coinalytics.co/solutions But i think they are mostly for businesses, not for individual customers. Bitpay is using coinalytics for example. That's my point. Businesses are doing taint analysis on coins that we use. But we aren't doing it for p2p transactions (i.e. what bitcoin was intended for). Title: Re: BitPay Appreciation Thread Post by: BlindMayorBitcorn on February 06, 2016, 07:32:32 AM I'd like to know what kind of coins are being rejected by Bitpay. Can anyone shed any further details on some examples of rejected coins? Probably coins from known addresses involved in receiving stolen coins. Its hard to argue against blacklists, but where do you draw the line? It is immoral to do business with thieves. That's partly the issue -- tainting coins doesn't mean doing business with thieves. It especially hurts casual users like you or I, who don't pay for extensive taint analysis on coins we transact with. So, if we sell some Steam codes or physical coins on the forum and receive some "tainted" coins, how are we to know? ......And when we go to spend those coins? Coinbase might drop us as customers. Bitpay might tell our vendors to stop doing business with us. And maybe this is only the beginning.... hopefully LEO doesn't end up knocking at our doors. There are companies doing blockchain and risk assessment of transactions, e.g. http://www.coinalytics.co/solutions But i think they are mostly for businesses, not for individual customers. Bitpay is using coinalytics for example. That's my point. Businesses are doing taint analysis on coins that we use. But we aren't doing it for p2p transactions (i.e. what bitcoin was intended for). Dear user, We regret to inform you payment for the following item has been rejected: [George Forman Grill]. Unfortunately at some point some of the funds coming into the address in question have been associated with some other ones that were associated with: [Smack]. Would you prefer another payment option? Y/N Title: Re: BitPay Appreciation Thread Post by: owm123 on February 07, 2016, 03:56:16 AM I'd like to know what kind of coins are being rejected by Bitpay. Can anyone shed any further details on some examples of rejected coins? Probably coins from known addresses involved in receiving stolen coins. Its hard to argue against blacklists, but where do you draw the line? It is immoral to do business with thieves. That's partly the issue -- tainting coins doesn't mean doing business with thieves. It especially hurts casual users like you or I, who don't pay for extensive taint analysis on coins we transact with. So, if we sell some Steam codes or physical coins on the forum and receive some "tainted" coins, how are we to know? ......And when we go to spend those coins? Coinbase might drop us as customers. Bitpay might tell our vendors to stop doing business with us. And maybe this is only the beginning.... hopefully LEO doesn't end up knocking at our doors. There are companies doing blockchain and risk assessment of transactions, e.g. http://www.coinalytics.co/solutions But i think they are mostly for businesses, not for individual customers. Bitpay is using coinalytics for example. That's my point. Businesses are doing taint analysis on coins that we use. But we aren't doing it for p2p transactions (i.e. what bitcoin was intended for). Dear user, We regret to inform you payment for the following item has been rejected: [George Forman Grill]. Unfortunately at some point some of the funds coming into the address in question have been associated with some other ones that were associated with: [Smack]. Would you prefer another payment option? Y/N As blockchain analysis and data mining techniques keep get better with time, this is exactly what is going to happen on a regular basis. Title: Re: BitPay Appreciation Thread Post by: blunderer on February 07, 2016, 04:25:34 AM ... Dear user, We regret to inform you payment for the following item has been rejected: [George Forman Grill]. Unfortunately at some point some of the funds coming into the address in question have been associated with some other ones that were associated with: [Smack]. Would you prefer another payment option? Y/N Hahahaha :D associated with: [Smack] Title: Re: BitPay Appreciation Thread Post by: BlindMayorBitcorn on February 07, 2016, 04:29:12 AM ^I just flood threads with tripe. What kind of posting style is that?
Title: Bloq Appreciation Thread Post by: BlindMayorBitcorn on February 20, 2016, 12:07:37 AM Attention alert! Rebranding in effect. For wider appreciation.
Unique to its offering is that Bloq aims to offer 24/7 support to its clients, in an effort to better assuage concerns about working with open-source tech. Bloq engineers will also implement features needed by clients into bitcoin’s code, in a similar fashion as industry startup Blockstream. http://www.coindesk.com/inside-bloqs-bid-to-bring-bitcoins-code-to-enterprise-businesses/ http://media.coindesk.com/2016/02/Screen-Shot-2016-02-18-at-3.04.53-PM-728x370.pnghttp://www.sickchirpse.com/wp-content/uploads/2013/08/Honey-Badger.jpg Bloq provides essential blockchain scaffolding that is productized, hardened, tested and documented. ;) Title: Re: Bloq Appreciation Thread Post by: BlindMayorBitcorn on February 21, 2016, 08:43:31 PM "Fortune 100 customers shouldn't have to worry about all the minute details of bitcoin forking. They should have a menu of informed options, and choose from there."
Step right up!* http://static.spplus.com/pictures/PriceWaterCooper-logo.jpghttp://www.sickchirpse.com/wp-content/uploads/2013/08/Honey-Badger.jpg *To date, Bloq has already scored high-profile partnerships with industry startups Circle and Noble Markets, and is in discussions with PwC about its offering. PwC said it is still evaluating a more formal engagement with the startup. Title: Re: Bloq Appreciation Thread Post by: BlindMayorBitcorn on February 25, 2016, 02:59:58 AM Hey friend, ever found yourself on the wrong end of a contentious chain split? Well don't worry. We supported that chain split! Our consultants are on-call and more than happy to explain it. Become a VIP member of the Bloq today for 24 hour chain side support.
Enterprise grade blockchain. 8) |
