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Author Topic: [Idea] Coinsend - Bitcoin Payment Processing Solutions  (Read 1017 times)
🏰 TradeFortress 🏰 (OP)
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September 21, 2012, 01:51:32 AM
 #1

> Instant payments to other Coinsend accounts
> Optional dispute feature - when sending funds, user can choose to make it possible to dispute or not (which will cause a cooling period).
> No fees when sending to other coinsend accounts
> Will not congest the Bitcoin network in Coinsend 2 Coinsend transactions, making it useful for small amounts (eg gambling)
> No need to download blockchain or get confused over wallets - one email, one fund.
> Minimal fee (eg 1%) when withdrawing funds

How does this sound?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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September 21, 2012, 02:12:47 AM
 #2

Why don't we take all the decentralization...

And make it centralized again!

Brilliant! Smiley

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September 21, 2012, 02:17:17 AM
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How about we call it TradeFortress retirement fund?

The issue with these types of setups is they really only have value if they are massive.  If 99% of users aren't using the system those advantages don't do a whole lot for the 1% of the time both sender and receiver are on the network.  If the system becomes massive usually there is some "hack" and the operator ends up a couple million richer.
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