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I would like to transfer the ownership of a domain name over the bitcoin blockchain:

Let's say there is Alice, which wants to buy the domain name value.com and there is Bob which owns the domain name value.com. They negotiate via email and agree on a price of 1.000 BTC for this domain name.

As they live far away from each other, they only can transfer the domain name through an escrow service like escrow.com:

The escrow service receives the payment from Alice and receives the password for the domain name from Bob. After this, they Alice the password, after Alice that the password is valid they send Bob the payment.

Is it possible to transfer this asset over the bitcoin blockchain?

I understand that I could store a hash of the password in the blockchain, but I do not know how I can make sure that Alice receives a password when Bob makes a payment.

Thanks,

Bitone

"A UASF could be enforced by any number of economic nodes, although
hash power may only choose to follow such rules if there was
significant economic weight behind it." Source: http://www.uasf.co/

Does this mean: If the "Majority of the Exchange Volume" votes for UASF, then Miners have to follow?

What means this "significant economic weight" exactly and how are the chances that these thresholds are reached?


Thanks,

Bitone

I could not find channels where the STEEM Community is gathering.

- Slack http://steem.herokuapp.com closed
- Bitcointalk Threads inactive
- Telegram Chat not available
- Reddit Subs inactive

When I look at http://steemtools.com they seem to be very active. So where are they dicussing stuff related to STEEM?

Thanks for hints!


Bitone

Short Question:

Alice and Bob want to tranfer a secret letter. How can they transfer the information with the use of the blockchain?

Thanks!

I still do not get the point:

Lets say Alice wants to buy example.com from Bob for 1 BTC.
They create a 2 of 2 multisig adress.
Now there are two possible steps ...

Possibility 1: Alice deposits 1 BTC to adress and signs the tx.
As soon as Bob confirms he has the 1 BTC without sending the AuthCode and is still in control of the domain name.
This is unsecure.

Possibility 2: Alice deposits 1 BTC to adress and does not sign the tx.
Bob sends the AuthCode to Alice. As soon as Alice gets the AuthCode, she can run away with the domain name without signing.
This is unsecure.

Maybe you could clear things further.


Thanks,

Bitone

Dear fellow Bitcoin Enthusiasts,

I blame myself to understand bitcoin. First when I got started with bitcoin - a couple of years ago - it took some while until I got it. Now I want to get my head around the newly evolving blockchain hype.

I think I understand how the blockchain can disrupt notary services: just get the hash of a document and sign it to the blockchain. A notary service is costly and time intense. The blockchain can do that it with a couple of cents. Ok.

Now comes my question and any hints, suggestions in the form of explanations or links are highly appreciated:

How exactly can the bitcoin blockchain disrupt a business model like the one of escrow.com and are there any startups or projects that aim towards that direction?

Or to put my question more specific:

Alice wants to buy a domain name from Bob. They agree on a price. Alice has to transfer bitcoins to Bob, Bob has to transfer the Authentication Code for the Domain Name to Alice.

As they do not trust each other they can use the service of escrow.com. Both trust escrow.com. Deal done.

How can they do the transfer without escrow.com over the blockchain?


Thank you so much,


Bitone

Thanks for all the answers, but the core point was NOT answered or disproved.


That is a fact. So today, there are 225.000 bitcoin adresses today that have more than 0 BTC balance and as you all mentioned, that a user has more than one adress, the number of users is somewhere near 40.000 users.

A lot of answers in the thread have been:

- A user has more than one adress
- Lots of users use cold storage

I totally agree with you. But that even underlines my argument. My assumption is, that a user has one or more exclusive bitcoin adresses. I see no case, that users would share an adress. I assume that each blockchain.info wallet is associated with at least one unique adress.

My definition of a user is a hodler. A person that holds bitcoin at the moment. And that maximum is 225.000 persons today.

If I assume that a user has on average 5 adresses, than there are round about 40.000 people that hold bitcoin.

The only argument that I could see, is that wallet services like blockchain.info use shared adresses. But I just checked and can confirm that I have a unique adress.

Looking forward to your feedback!


Bitone

According to https://blockchain.info/charts/my-wallet-n-users ... Blockchain - one of the leading Wallett services - claims to have nearly 4 million wallets. On https://blockchain.com/about/ they claim +3.7M users.

But only 250.000(sic!) adresses are active ... https://blockchain.info/charts/n-unique-addresses. In january the number dropped to 116.000.

So my assumption is, that there is a maximum of 120.00 people out there, that use Bitcoin. And I assume that 90% of blockchain.info wallet user have never used bitcoin. When you assume that the average user has 3 adresses active, the number of user further comes down to 40.000 people.

I see growth in bitcoin adoption on the side of merchants when I look at coinmap.org. Ok. They claim to have nearly 10.000 merchants that accept bitcoin. But I don't so massive adoption on the user side right now.

Are there any errors in my assumption?


Thanks,

Bitone

Where exactly do you see a potential busted double? Thanks!