Bloq Appreciation Thread

[owm123]

I'd like to know what kind of coins are being rejected by Bitpay. Can anyone shed any further details on some examples of rejected coins?

Probably coins from known addresses involved in receiving stolen coins. Its hard to argue against blacklists, but where do you draw the line? It is immoral to do business with thieves.

That's partly the issue -- tainting coins doesn't mean doing business with thieves. It especially hurts casual users like you or I, who don't pay for extensive taint analysis on coins we transact with. So, if we sell some Steam codes or physical coins on the forum and receive some "tainted" coins, how are we to know?

......And when we go to spend those coins? Coinbase might drop us as customers. Bitpay might tell our vendors to stop doing business with us. And maybe this is only the beginning.... hopefully LEO doesn't end up knocking at our doors.

There are companies doing blockchain and risk assessment of transactions, e.g.

http://www.coinalytics.co/solutions

But i think they are mostly for businesses, not for individual customers. Bitpay is using coinalytics for example.

[exstasie]

I'd like to know what kind of coins are being rejected by Bitpay. Can anyone shed any further details on some examples of rejected coins?

Probably coins from known addresses involved in receiving stolen coins. Its hard to argue against blacklists, but where do you draw the line? It is immoral to do business with thieves.

That's partly the issue -- tainting coins doesn't mean doing business with thieves. It especially hurts casual users like you or I, who don't pay for extensive taint analysis on coins we transact with. So, if we sell some Steam codes or physical coins on the forum and receive some "tainted" coins, how are we to know?

......And when we go to spend those coins? Coinbase might drop us as customers. Bitpay might tell our vendors to stop doing business with us. And maybe this is only the beginning.... hopefully LEO doesn't end up knocking at our doors.

There are companies doing blockchain and risk assessment of transactions, e.g.

http://www.coinalytics.co/solutions

But i think they are mostly for businesses, not for individual customers. Bitpay is using coinalytics for example.

That's my point. Businesses are doing taint analysis on coins that we use. But we aren't doing it for p2p transactions (i.e. what bitcoin was intended for).

[BlindMayorBitcorn]

I'd like to know what kind of coins are being rejected by Bitpay. Can anyone shed any further details on some examples of rejected coins?

Probably coins from known addresses involved in receiving stolen coins. Its hard to argue against blacklists, but where do you draw the line? It is immoral to do business with thieves.

That's partly the issue -- tainting coins doesn't mean doing business with thieves. It especially hurts casual users like you or I, who don't pay for extensive taint analysis on coins we transact with. So, if we sell some Steam codes or physical coins on the forum and receive some "tainted" coins, how are we to know?

......And when we go to spend those coins? Coinbase might drop us as customers. Bitpay might tell our vendors to stop doing business with us. And maybe this is only the beginning.... hopefully LEO doesn't end up knocking at our doors.

There are companies doing blockchain and risk assessment of transactions, e.g.

http://www.coinalytics.co/solutions

But i think they are mostly for businesses, not for individual customers. Bitpay is using coinalytics for example.

That's my point. Businesses are doing taint analysis on coins that we use. But we aren't doing it for p2p transactions (i.e. what bitcoin was intended for).

Dear user,

We regret to inform you payment for the following item has been rejected: [George Forman Grill]. Unfortunately at some point some of the funds coming into the address in question have been associated with some other ones that were associated with: [Smack].

Would you prefer another payment option?



Y/N

[owm123]

I'd like to know what kind of coins are being rejected by Bitpay. Can anyone shed any further details on some examples of rejected coins?

Probably coins from known addresses involved in receiving stolen coins. Its hard to argue against blacklists, but where do you draw the line? It is immoral to do business with thieves.

That's partly the issue -- tainting coins doesn't mean doing business with thieves. It especially hurts casual users like you or I, who don't pay for extensive taint analysis on coins we transact with. So, if we sell some Steam codes or physical coins on the forum and receive some "tainted" coins, how are we to know?

......And when we go to spend those coins? Coinbase might drop us as customers. Bitpay might tell our vendors to stop doing business with us. And maybe this is only the beginning.... hopefully LEO doesn't end up knocking at our doors.

There are companies doing blockchain and risk assessment of transactions, e.g.

http://www.coinalytics.co/solutions

But i think they are mostly for businesses, not for individual customers. Bitpay is using coinalytics for example.

That's my point. Businesses are doing taint analysis on coins that we use. But we aren't doing it for p2p transactions (i.e. what bitcoin was intended for).

Dear user,

We regret to inform you payment for the following item has been rejected: [George Forman Grill]. Unfortunately at some point some of the funds coming into the address in question have been associated with some other ones that were associated with: [Smack].

Would you prefer another payment option?



Y/N

As blockchain analysis and data mining techniques keep get better with time, this is exactly what is going to happen on a regular basis.

[blunderer]

...
Dear user,

We regret to inform you payment for the following item has been rejected: [George Forman Grill]. Unfortunately at some point some of the funds coming into the address in question have been associated with some other ones that were associated with: [Smack].

Would you prefer another payment option?



Y/N

Hahahaha
associated with: [Smack]

[BlindMayorBitcorn]

^I just flood threads with tripe. What kind of posting style is that?

[BlindMayorBitcorn]

Attention alert! Rebranding in effect. For wider appreciation.

Unique to its offering is that Bloq aims to offer 24/7 support to its clients, in an effort to better assuage concerns about working with open-source tech. Bloq engineers will also implement features needed by clients into bitcoin’s code, in a similar fashion as industry startup Blockstream.

http://www.coindesk.com/inside-bloqs-bid-to-bring-bitcoins-code-to-enterprise-businesses/



Bloq provides essential blockchain scaffolding that is productized, hardened, tested and documented.

[BlindMayorBitcorn]

"Fortune 100 customers shouldn't have to worry about all the minute details of bitcoin forking. They should have a menu of informed options, and choose from there."

Step right up!*




*To date, Bloq has already scored high-profile partnerships with industry startups Circle and Noble Markets, and is in discussions with PwC about its offering. PwC said it is still evaluating a more formal engagement with the startup.

[BlindMayorBitcorn]

Hey friend, ever found yourself on the wrong end of a contentious chain split? Well don't worry. We supported that chain split! Our consultants are on-call and more than happy to explain it. Become a VIP member of the Bloq today for 24 hour chain side support.

Enterprise grade blockchain.