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Author Topic: No more user names. Just Wallet Addresses.  (Read 829 times)
BitcoinPorn
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July 13, 2011, 08:29:55 PM
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Whoever thought of putting a wallet address signature is a fucking moran, there I said it, and spelled it wrong.  I was browsing /r/Bitcoin/ and found this


Quote
With Bitcoin being a pseudonymous currency, staring at blockexplorer transactions isn't particularly enlightening. Who transferred 1,500 BTC? Who actually owns address XYZXYZXYZXYZXYZXYZXYZXYZXYZXYZXYZ? What if there was a website that attached a physical/"real" identity to each address and their transactions, basically a Facebook of Bitcoin addresses?

A user would sign up, create their profile (personal or business) and then associate each of their address with their profile. Initially verifying an address would be something similar to what Paypal does for confirming outside bank accounts (ie send two small payments to the address and have user confirm the two small amounts).

An exploit would be to sign up multiple profiles and just keep all these small transactions, so maybe the service should charge a small initial fee to cover them?

Profiles could be private or public, so you could just use it to as an accounting website for all your addresses, or use it as a way to display trust and establish online reputation for a person or company and maybe even provide feedback on the transactions.

I think in the long run, it could enable "bitcorporations" to operate in an "open-source" manner by making their finances and accounting practices accessible and transparent. It would be a clear record of how much they spent equipment and operations, how much they paid their workers and how much they kept as profits.

This idea is still in it's infancy, so any and all suggestions/criticisms is welcome. Has this already been done before? Would you use/support such a website? Thanks for any and all help and fire away! EDIT:Formatting


Now in theory a lot of the same concepts apply, including transparency, which on the forums here with so many things being exchanged in many different markets, there is a built in system of transactions we can all view.   I know this would never work, but it's a damn interesting and fine idea.

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