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Author Topic: Help: #bitcoin-otc, WOT, and LocalBitcoins  (Read 1516 times)
DannyHamilton (OP)
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March 03, 2013, 06:44:14 AM
 #1

I figure it's about time I figure out this OTC and WOT stuff.  Also, I see that LocalBitcoins.com allows me to link my account to an OTC so I figure I'll do that too.

I have no idea what I'm doing.  I've never really used IRC much, and I've never used gpg prior to this at all.

I think I've got my nick registered with gribble at the OTC.  Does this mean that it is registered in the WOT or is that a separate step?  How do I get a rating or rate someone on WOT?

I tried to add the OTC ID to LocalBitcoins.com, but it says I need to " Sign it using the bitcoin address you registered with the #bitcoin-otc Web of Trust (WoT)."

I didn't register an address with the OTC WOT, I used a gpg key and registered a nick. Apparently I missed a step somewhere? I thought that bitcoin addresses were supposed to be single use. I generally try to generate a new address for every transaction.  Does thie mean I'll have to re-use a single address for WOT and LocalBitcoins.com? Now that I've got my nick registered, how do I register a bitcoin address?
Stephen Gornick
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March 04, 2013, 01:54:34 AM
 #2

I think I've got my nick registered with gribble at the OTC.  Does this mean that it is registered in the WOT or is that a separate step?

Well, the IRC nickname is separate from the WoT username (i.e., they don't have to be identical).  Once you've registered a username with gribble, you are in the WoT.

How do I get a rating or rate someone on WOT?

Anyone can rate you once you are in the WoT.  To rate someone else, you need to have at least one rating (that's an anti-spam protection so new accounts aren't sending out bogus ratings to each other).

I tried to add the OTC ID to LocalBitcoins.com, but it says I need to " Sign it using the bitcoin address you registered with the #bitcoin-otc Web of Trust (WoT)."

You probably didn't add a bitcoin address to your WoT profile.  Use ChangeAddress to add a bitcoin address.  Then use your client (e.g., Bitcoin-Qt) to sign the message that LocalBitcoins is asking for.

 - http://wiki.bitcoin-otc.com/wiki/Beginners_Guide#.3B.3Bchangeaddress

I thought that bitcoin addresses were supposed to be single use. I generally try to generate a new address for every transaction.

You never need to send or receive bitcoins from this change address.  If someone sees your -otc WoT profile and sends a donation to you at that address, you would receive the funds but wouldn't know from whom.

LocalBitcoins is only doing this as a way of proving that the -otc profile you are linking is truly yours.  I suppose they could have used GPG signature but for whatever reason they are using Bitcoin message signing instead.

 - http://localbitcoins.blogspot.com/2012/08/now-you-can-connect-your-bitcoin-otc.html

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DannyHamilton (OP)
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March 04, 2013, 02:06:38 AM
 #3

Well, the IRC nickname is separate from the WoT username (i.e., they don't have to be identical).  Once you've registered a username with gribble, you are in the WoT.

Thanks, one more quick question.

How can I verify that the username I've selected is reserved with both the IRC channel and the WOT?

Stephen Gornick
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March 04, 2013, 04:25:32 AM
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How can I verify that the username I've selected is reserved with both the IRC channel

Once your nick is registered, you can enable 'enforce'. This will force any user claiming the nick to identify with the password within 30 seconds. This protects you from imposters taking your nick while you're offline. Since you configured your client to automatically identify, nothing changes for you (except being protected).

Code:
 /msg nickserv set enforce on

and the WOT?

If you can authenticate then you are done.  It is yours.   Just make sure you have a backup of your GPG private key (and kept secure) and maybe revocation key as well.



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DannyHamilton (OP)
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March 04, 2013, 12:49:00 PM
 #5

Thanks for the help.  I think I've got it all working now.  Nick enforced with NickServ. Registered with WOT (including bitcoin address). Linked to LocalBitcoins. Orders added to OTC orderbook.

Now, last question (I hope).  Do I have to continuously monitor the #bitcoin-otc channel to know if/when someone is interested in my listing from the order book, or should I expect that they will find my email address on the keyserver and contact me via email?
Stephen Gornick
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March 04, 2013, 07:34:32 PM
 #6

Now, last question (I hope).  Do I have to continuously monitor the #bitcoin-otc channel to know if/when someone is interested in my listing from the order book, or should I expect that they will find my email address on the keyserver and contact me via email?

If you aren't going to be online then you probably want to put your e-mail in the description for the order as the method to use to contact you.

e..g.,

 ;;buy 1.0 BTC at "{mtgoxbid}" USD "PayPal or Dwolla payment.  Contact me at: blah@blah.com"

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DannyHamilton (OP)
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March 04, 2013, 07:36:23 PM
 #7

Now, last question (I hope).  Do I have to continuously monitor the #bitcoin-otc channel to know if/when someone is interested in my listing from the order book, or should I expect that they will find my email address on the keyserver and contact me via email?
If you aren't going to be online then you probably want to put your e-mail in the description for the order as the method to use to contact you.

e..g.,

 ;;buy 1.0 BTC at "{mtgoxbid}" USD "PayPal or Dwolla payment.  Contact me at: blah@blah.com"

That makes sense, but unfortunately raises one more question.  If I've already posted an order to the order book, is it possible to modify the notes on that order, or do I have to delete the current order and add a new one?
Stephen Gornick
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March 04, 2013, 08:23:02 PM
 #8

is it possible to modify the notes on that order, or do I have to delete the current order and add a new one?

You'll need to delete and re-list.

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DrahogErusiel
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January 31, 2014, 07:58:03 PM
 #9

im having a really hard time with this...

first- i get IRC
second -  i message the bot

is that right (babbling idiot)

Thread about account being hacked and reclaimed on 7-30-16
https://bitcointalk.org/index.php?topic=1570173.new#new
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