Partnering up with Moneybookers, Liberty Reserve, and paypal to provide instant transfers of USD to your exchange account. While that is very, very cool and I look forward to seeing that being made available, I think casascius was referring to the method for someone who already has bitcoins to transact with someone else without waiting for confirmations. If the API is kept generic enough, any trusted party can be substituted for MyBitcoin. I've seen this discussed, but cannot find the thread. Here's the closest -- Mt. Gox describing an agreement between exchanges to act peer-to-peer. That would allow me to spend to your ewallet instantly because your ewallet provider trusts my ewallet provider. http://forum.bitcoin.org/index.php?topic=7212.0We're really trying to make bitcoin be something it isn't though. Bitcoin wasn't meant to provide instant transactions, and moving us over to "centralized" ewallet systems to get that is not ideal. If Open Transactions truly works the way fellowtraveler describes it, then with the audit protocol, that really is the right way to do this (see #4): - http://forum.bitcoin.org/index.php?topic=20425.0 |
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Excuse the noob question, but how do you make several wallets - I don't see an option for switching between wallet files/folders on my (mac) bitcoin client?
The wallet data file is in the data directory: - http://en.bitcoin.it/wiki/Data_directoryThough you could get yourself in a mess trying to use multiple wallets if you aren't careful. It might be best to spend your coins from your wallet (e.g., to a wallet on another computer or to an online eWallet), archive it, test the archive, then delete the wallet so that bitcoin will create a new, empty wallet that you would use exclusively going forward. |
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What system do you have? Windows? Anybody heard of any trojans or hacks on mac against bitcoin wallets yet?
I don't know of any bitcoins lost as a result but there was an incident where DropBox was not secure for a period of time a few days ago. - http://techcrunch.com/2011/06/20/dropbox-security-bug-made-passwords-optional-for-four-hours/Anyone storing their wallet on dropbox unencrypted, *AND HAD THEIR DROPBOX ACCOUNT ACCESSED* during that time, would be at risk. The problem is that the only way to know if your account had been compromised was by receiving a notice from DopBox saying so. If the wallet was grabbed, not only are any coins in the wallet at risk, any future coins received (over the next 100 transactions, if the wallet uses the default address pool size) would be at risk as well. In other words, if you happened to use DropBox to archive your wallet, unencrypted -- treat that wallet as if it were compromised. Move your coins to a new location (e.g., an eWallet provider, such as MyBitcoin) and then create a new wallet. |
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at this point the government would be pushed to make a decision or start a fight with this economy, wouldn't they? There are quite a few businesses that already accept bitcoin and not one has been contacted by the government, as far as I've seen: - http://en.bitcoin.it/wiki/TradeThis is similar to when Philip R. Zimmermann, creator of PGP encryption, would get interviewed by the press or be in conversations with management from other companies and the recurring question was what would they do "when the government stopped them?". Nearly twenty years later on a panel Zimmerman says "[the government] never even called us". - http://www.bitcoinmoney.com/post/6136537609 |
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I would like to offer my services as a former Escrow analyst, with a personal touch if you will. I can help you make that transaction safer and secure(r). I will try and help out if problems arise.
If you want to make a trade and want someone to act as escrow , contact me. I'll be more than willing to help free of charge. Why? Because I realize any type of escrow is built on trust and I would like to build the communities trust in me. This might not be as fast as automated systems, but hopefully it leaves you with a great sense of security. Now that ClearCoin is closed to new listings, there is opportunity for this type of service. If you are serious about doing this then there are a few steps you likely want to take. 1.) Identity and experience When ClearCoin launched, the operator -- already a trusted member of the community, shared full identity. Few will trust an escrow partner without this information. Also, getting registered on the OTC web of trust (OTC WoT) and using that as part of your business might likely be the only "marketing" you need to do to get started. - http://bitcoin-otc.com/trust.php2.) Services and Fees Nobody expects this type of service to be free. List what services you offer, the terms (including dispute resolution handling and limits) and fees. |
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The account history was great before. It is much worse now.
I think it is close ... if it gets a little CSS love I'm guessing we'll find it adequate. Though one problem I see is that the amounts are not negative when the transaction will subtract from the balance. e.g., an "out" (withdraw) or a "spent" (either executed a buy order or sent funds to another customer). |
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Facebook credits are designed so that dollars go in, but only flow back out to the companies with facebook games. Except when they flow out to game developers, Facebook keeps 30% And Facebook tries hard to ensure that the companies cashing out the credits are real companies, and not people just trying to move money through their system. There are no open exchanges, by design. For now. Here's an example of Facebook bumping up against the line ... Currently consumers pay for Facebook Deals inside Facebook with a credit card,with PayPal or with Facebook Credits. Here's an example of one of the Deals where a $20 voucher at a restaurant may be purchased for $9 worth of Facebook Credits (or whichever method they use for valuing FB credits ). - http://ryanspoon.com/blog/2011/06/09/facebook-deals-continues-to-get-interestingin other words ..., it is only a matter of time before Bitcoin and FB are head-on competitors. |
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Any plans to have live data again?
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The weight of the package can be anything the seller puts on the label, doesn't prove anything.
The clearcoin way I think iswas currently the most superior method for escrow,
There, fixed that for you. ClearCoin closes - http://forum.bitcoin.org/index.php?topic=21659 |
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Bitcoin seems to works pretty well for the lotteries that use it. Using BitLotto as an example: - All tickets (wagers) are seen in the block chain so the operator cannot misreport the number of tickets sold.
- The payment to the winner is also seen in the block chain
- The winning numbers are derived from the picks of a state-run lottery so you needn't trust that the winner picked wasn't truly done so at random.
The lottery operator does not know the identity of the winner, only the address that was used to buy the ticket. Because bitcoin already takes care of the hard parts of operating a lottery, there is little cost to the operator to offer this. As a result, even a 99% payout can still leave a comfortable profit for the lottery operator. Compare this to 70% or whatever state run lottteries will pay out, though it is understood that profits from state lotteries go to the government. The block chain is a fantastic innovation for helping make it so that we don't need to extend trust -- we have the block chain providing the evidence. The lottery example has one significant gap yet though ... and that is that the operator of the lottery has the ability to walk away with all the wagers and not pay out. Using some trusted escrow would help with that risk. |
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So I was thinking something along the lines of a Bitcoin Debit Card. The user is sent a Bitcoin Debit Card, and they must deposit Bitcoins into their account.
Now once they deposit it, the Bitcoins will convert into spendable money. Then a market lock will occur, and it will convert into one stable price If the coin decreases in $2, then the lock will be broken, and will be reset at the current market price.
What are your opinions?
The closest thing available today is the reloadable debit card from Bitcoin Morpheus, reloaded with bitcoins: - http://en.bitcoin.it/wiki/Bitcoin_MorpheusYou could also roll your own, essentially by selling your bitcoins to someone who will go out and buy a MoneyPak in order to pay for them. People willing to buy bitcoins and pay for them with MoneyPak are often found in the #bitcoin-otc marketplace. Then that MoneyPak can be used to reload your own American Express reloadable debit card: - http://www.bitcoinmoney.com/post/6672058553In the #bitcoin-otc IRC channel a few weeks ago was: MagicalTux: for now we are working on debit card payouts (issuing debit cards with the bitcoin logo on it) - http://www.bitcoinmoney.com/post/6288308683Though no further details were given at the time such as, ... does this draw from MTGUSD, or are BTCs traded at the market price for each debit card transaction, ... or is this just a branded card with an account with some other entitity entirely? [Edit: Because the word "payout" was used, this probably means it will be drawn from a MtGox account.] With Utah already having made gold and silver legal tender, the switch to a debit card that is backed by a commodity will be likely something we will see: There is, however, talk of creating debit card accounts allowing consumers to store coins in a depository, which are then used as collateral against everyday purchases. If, for example, someone had used such a card to purchase a $100 pair of shoes yesterday (when the silver price was around $38 an ounce) the owner of the depository might remove just under three ounces of silver coins from their supply. - http://www.independent.co.uk/news/world/americas/cold-hard-cash-utah-brings-back-the-silver-dollar-2290168.htmlThere's no offering of such a card available yet and even if (when) one or more of the above comes to fruition there certainly will be room for competition. |
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5) Others I'm forgetting?
Could people who understand the situation better please chime in so we can make this thread an overview of the market situation from a legal point of view? ExchangeBitcoins.com just recently launched The about page shows "pending registration as a currency exchange business with the US Department of the Treasury" - https://www.exchangebitcoins.com/about Other exchanges: - http://en.bitcoin.it/wiki/Category:Exchanges |
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This map doesnt work anymore? The server that collects the node data and hosts the KML file is managed by the operator of Mt. Gox so with everything going on with that I don't even know that he's aware of this outage. I have a .kml archived from a few weeks ago which I can post if that helps you at all. |
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