I see a lot of people mention OTC when referring to someone selling an item for BitCoin. I know it's some sort of merchant rating system, but that's about it. Is it a website that gives the rating or something?
The Bitcoin-OTC project is a marketplace for people to conduct over-the-counter trading in bitcoin. It is located in various IRC channels on the freenode IRC network. The marketplace is located in #bitcoin-otc channel on the freenode IRC network.
Here's a Web-view of the order book:
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http://bitcoin-otc.com/vieworderbook.phpHere's the directory of user ratings:
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http://bitcoin-otc.com/viewratings.phpWeb access to the IRC "#bitcoin-otc-foyer" channel is available to anyone. You can communicate with other -otc members using this.
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http://webchat.freenode.net/?channels=#bitcoin-otc-foyerParticipation (e.g., to enter an order or to communicate on the #bitcoin-otc IRC channel) requires GPG. This is a tool that helps to protect against identity theft (impersonation). Here's how to get GPG on your system.
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http://wiki.bitcoin-otc.com/wiki/GPG_authentication#Third-party_guidesOnce you have GPG installed, then you register your IRC nickname with the -otc bot (gribble) so that you can authenticate with it. To enter an order, you must be authenticated. You also must be registered to either give or get ratings,
