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Title: Redundancy check bitcoin adress Post by: Melvin297 on October 22, 2014, 10:51:10 AM While using bitcoin as a simple business user I keep asking myself:
Is there a check available for bitcoin addresses/names? In The Netherlands regular banks check if the bank account number from the beneficiary matches the account name. i.e. I transfer money to another company called "Todd's Construction Company" with bank account "NL45INGB0123456789". I use these two parameters in my bank transaction to pay an amount to this company. My bank will check if these two parameters match somehow. If I would use the name "Isa's bakery store" my bank will notify me that the transaction is possibly wrong. Bitcoin wallet like Multibit use a name for the beneficiary. Is there any service available to check if the name I use is the name of the beneficiary I think it is? Title: Re: Redundancy check bitcoin adress Post by: Vod on October 22, 2014, 10:56:09 AM Is there any service available to check if the name I use is the name of the beneficiary I think it is? Nope. Bitcoin was actually designed for each transaction to have it's own anonymous address. :) Title: Re: Redundancy check bitcoin adress Post by: Sutters Mill on October 22, 2014, 11:00:55 AM Well you can title/name addresses on blockchain.info. Whilst bitcoin was designed to be as vod described above I think being able to name addresses for things like this would have its benefits for those who wanted to use this feature.
Title: Re: Redundancy check bitcoin adress Post by: neoneros on October 22, 2014, 11:16:07 AM They do not check the numbers and names, not since they transfered all accounts to the IBAN system:
http://kassa.vara.nl/tv/afspeelpagina/fragment/pas-op-met-korte-ing-rekeningnummers-en-iban/speel/1/ A misspelled bitcoin address is more likely to fire an error on the checksum than the chance of actually 'guessing' a correct address. There are services that allow you to have wallets and names(blockchain.info) but there is no check on name and walletaddress. Just be very carefull when making a transaction and double check the address yourself, never rely on a third party! Title: Re: Redundancy check bitcoin adress Post by: bitcoinpiece on October 22, 2014, 12:09:27 PM Is there any service available to check if the name I use is the name of the beneficiary I think it is? Nope. Bitcoin was actually designed for each transaction to have it's own anonymous address. :) Have you seen your bitcoin address? I think its safe enough to say that it is unique. Title: Re: Redundancy check bitcoin adress Post by: Melvin297 on October 22, 2014, 12:52:54 PM Well you can title/name addresses on blockchain.info. Whilst bitcoin was designed to be as vod described above I think being able to name addresses for things like this would have its benefits for those who wanted to use this feature. Thank you for all the answers. This is very helpful. What do you guy's think of a feature/service where you can verify a name of a bitcoin address? Not in the root of the Bitcoin chain. More like some additional service for those who like it. The scope can be for businesses transferring money to each other, wanting some extra safety. Bitcoin wallets specialized in B2B transactions can integrate this API, so their customers can have some extra safety. Our company contains a well known international trustfully brand that offers loads of data for many years now. I'm thinking about the possibility to use this brand to set up an API service to check names with known bitcoin addresses. I'm wandering what you guy's think of such a service. Title: Re: Redundancy check bitcoin adress Post by: Q7 on October 22, 2014, 01:03:28 PM Then it will defeat the purpose of anonymity. If you are worried about wrong typo leading to the fund going to different address then by all means always scan with a qr code. I usually get the recipient to screen capture the qr code and send to me to avoid mistakes in large fund transfer
Title: Re: Redundancy check bitcoin adress Post by: Melvin297 on October 22, 2014, 01:27:50 PM Then it will defeat the purpose of anonymity. If you are worried about wrong typo leading to the fund going to different address then by all means always scan with a qr code. I usually get the recipient to screen capture the qr code and send to me to avoid mistakes in large fund transfer Indeed this service is for manual transactions. For safety it's better if people get a double check option. At enterprises people have to handle loads of invoices. People can make mistakes by scanning the wrong QR code or other things may go wrong not mention any kind of fraud. Paying is peoples business after all. ;) I know it will defeat the purpose of anonymity. Though, I think business like to give in some anonymity to get more safety. Title: Re: Redundancy check bitcoin adress Post by: sealberrder on October 22, 2014, 01:46:30 PM Probably centralized database, right? Any hack or your misuse and you can trick people to pay to wrong address. I dont see this service much popular, and except donations and user deposit address, most services use new address for every new transaction/customer.
Title: Re: Redundancy check bitcoin adress Post by: Billbags on October 22, 2014, 02:07:52 PM Well you can title/name addresses on blockchain.info. Whilst bitcoin was designed to be as vod described above I think being able to name addresses for things like this would have its benefits for those who wanted to use this feature. Thank you for all the answers. This is very helpful. What do you guy's think of a feature/service where you can verify a name of a bitcoin address? Not in the root of the Bitcoin chain. More like some additional service for those who like it. The scope can be for businesses transferring money to each other, wanting some extra safety. Bitcoin wallets specialized in B2B transactions can integrate this API, so their customers can have some extra safety. Our company contains a well known international trustfully brand that offers loads of data for many years now. I'm thinking about the possibility to use this brand to set up an API service to check names with known bitcoin addresses. I'm wandering what you guy's think of such a service. Please watch this video carefully: http://www.youtube.com/watch?v=xUNGFZDO8mM Understand anything outside of the blockchain is NOT secure. There are multisig options out there that do not have your identity but can do what you are talking about. NOTE: if you are asking such basic questions, you do not need to be involved around someone else's bitcoins or involved with their transactions, much less trying to invent a service for the masses. Please learn a little about what the system is and how it actually works. How Bitcoin actually works:(Start here after you watch video)(page 1 of 10 use links in top right to navigate) https://self-evident.org/?p=971 Multisig: http://bitcoin.stackexchange.com/questions/tagged/multi-sig-transactions What's about to be implemented: Smart Contracts https://en.bitcoin.it/wiki/Contracts http://firstmonday.org/ojs/index.php/fm/article/view/548/469 http://m.fastcolabs.com/3035723/app-economy/smart-contracts-could-be-cryptocurrencys-killer-app |