Vote No for Coin Validation!

[adamstgBit]

just a quick poll so we can see some hard numbers.

[lucaspm98]

There's no good reason for it except to get some large retailers to accept it, but it will obviously undermine the relative anonymity of Bitcoin. Personally, I would never do it.

[millsdmb]

There's no good reason for it except to get some large retailers to accept it, but it will obviously undermine the relative anonymity of Bitcoin. Personally, I would never do it.

Sure there is. To make Yifu's coins worth more!!

[lucaspm98]

There's no good reason for it except to get some large retailers to accept it, but it will obviously undermine the relative anonymity of Bitcoin. Personally, I would never do it.

Sure their is. To make Yifu's coins worth more!!

Oh yeah I forgot about that! 

This little scheme isn't going to fool anyone.

[adamstgBit]

There's no good reason for it except to get some large retailers to accept it, but it will obviously undermine the relative anonymity of Bitcoin. Personally, I would never do it.

Sure their is. To make Yifu's coins worth more!!

it makes all coins worthless, ill be watching closely monday, someone says coin validation and I'll start pressing buttons.

this is no threat, its a fact.

[orsana]

Just ask yourself, what would Satoshi pick?

Coin validation and blacklisting taint, are both completely against what Bitcoin was designed to be and the ideals it was founded upon.

[MaxBTC1]

YES: 0%

Figures.
 

[freethink2013]

I think it's actually impossible to impose this after the fact. If it had been in from the start then maybe but the guy I bought coins from could've bought coins from someone else who bought coins from someone else who stole those coins.

Are they going to say to me, "some guy used those coins to sell drugs two years ago then sold them to someone who sold them to someone else who sold them to you therefore your coins are dirty"?

Or are they trying to draw an arbitrary line after which coins are legit?

[Mike Christ]

I kinda do want to see it happen, just to see it crash and burn, but otherwise it'll spare everyone's time if it didn't happen to begin with

[Come-from-Beyond]

just a quick poll so we can see some hard numbers.

No suitable option to pick. Could u add

Fuck these guys


please?

[franky1]

once people ignore the media propoganda and look at what coinvalidation actually proposes

EG
not redlisting coins (thats mike hearns idea not coinvalidation... two separate subjects)
not adding ID info to every users pubkeys (thats a hysteria idea from who knows where it originated, but obviously a conspiracy fanboy)
not making coins unusable. (coinvalidation and exchanges are businesses. not government or banks. only a bank/court order or fincen can demand funds to be 'frozen'
not going to become a REQUIREMENT of bitcoin ecosystem (coinvalidation are a business, they are NOT judge dredd.. they are not the law)
not affecting businesses that do not deal with FIAT on behalf of customers

but instead
to have a santa's naughty and nice list of BUSINESS OWNED addresses. to make it easier for exchanges to rate the risk of transactions by being able to put checks in place to for instance:
report to fincen a 25BTC to FIAT transfer which the BTC has only a 2 hop TXID from silk road. as being high risk *
or
not to report to fincen a 25BTC to FIAT transfer which the BTC has a 20 hop TXID from silk road. due to being low risk *
to advise the bitcoin businesses that deal with FIAT on behalf of customers to comply with the same fiat regulations that have been around for decades

* businesses themselves will pick what they classify as high or low risk as park of their compliance handbook

i see no problems with coinvalidations current proposals. but reading other threads about mike hearn wanting the actual coins redlisted... now that is a bold and obsurd idea to even conceive.

[freethink2013]

once people ignore the media propoganda and look at what coinvalidation actually proposes

EG
not redlisting coins (thats mike hearns idea not coinvalidation... two separate subjects)
not adding ID info to every users pubkeys (thats a hysteria idea from who knows where it originated, but obviously a conspiracy fanboy)
not making coins unusable. (coinvalidation and exchanges are businesses. not government or banks. only a bank/court order or fincen can demand funds to be 'frozen'
not going to become a REQUIREMENT of bitcoin ecosystem (coinvalidation are a business, they are NOT judge dredd.. they are not the law)
not affecting businesses that do not deal with FIAT on behalf of customers

but instead
to have a santa's naughty and nice list of BUSINESS OWNED addresses. to make it easier for exchanges to rate the risk of transactions by being able to put checks in place to for instance:
report to fincen a 25BTC to FIAT transfer which the BTC has only a 2 hop TXID from silk road. as being high risk *
or
not to report to fincen a 25BTC to FIAT transfer which the BTC has a 20 hop TXID from silk road. due to being low risk *
to advise the bitcoin businesses that deal with FIAT on behalf of customers to comply with the same fiat regulations that have been around for decades

* businesses themselves will pick what they classify as high or low risk as park of their compliance handbook

i see no problems with coinvalidations current proposals. but reading other threads about mike hearn wanting the actual coins redlisted... now that is a bold and obsurd idea to even conceive.

So when the febs dump their bseized bitcoin, how are those bitcoin rated? Clean?

[franky1]

So when the febs dump their bseized bitcoin, how are those bitcoin rated? Clean?

coinvalidation from reading the proposals and not the media hype are not about mike hearns idea of marking coins. but just highlighting known business addresses. so if the FBI moved DPR's funds into an FBI pubkey, it would show as low risk. if left in a active silk road pubkey, it would show as highrisk, especially if found guilty.

i personally didnt join the hysteria train. instead i went on the look beyond the newspaper train, and followed down the tracks till i reached investigate furtherville.

knowing coinvalidation is just a VOLUNTARY tool of business advisors to help businesses dealing with FIAT exchanges to become compliant* is much needed, especially when some of these exchanges are/have been run by teenage basement dwellers and other people that do not know FIAT laws in regards to handling the fiat side of their exchange

* by making it easier to recognise high risk transactions EG 2 hops from silk road or recognise safe transactions EG 20 hops from silk road or 2 hops from bitstamp. makes it easier for businesses to assess the need to throw paperwork around the office as useless paper aeroplanes due to low risks or use them to inform fincen of serious money laundering.

i have then come to the conclusion that its soo easy to mix coins dilute taint* that in the end coinvalidation will become useless

*by transacting with 20 other addresses owned by an individual to increase hops/decrease taint. to then put into an coinvalidation accredded exchange, (not converting to fiat) but after waiting a few confirms withdrawing BTC from that exchange as clean coins(mixer) .. to then put into a new exchange to withdraw as FIAT without issues.

[adamstgBit]

So when the febs dump their bseized bitcoin, how are those bitcoin rated? Clean?

coinvalidation from reading the proposals and not the media hype are not about mike hearns idea of marking coins. but just highlighting known business addresses. so if the FBI moved DPR's funds into an FBI pubkey, it would show as low risk. if left in a active silk road pubkey, it would show as highrisk, especially if found guilty.

i personally didnt join the hysteria train. instead i went on the look beyond the newspaper train, and followed down the tracks till i reached investigate furtherville.

knowing coinvalidation is just a VOLUNTARY tool of business advisors to help businesses dealing with FIAT exchanges to become compliant* is much needed, especially when some of these exchanges are/have been run by teenage basement dwellers and other people that do not know FIAT laws in regards to handling the fiat side of their exchange

* by making it easier to recognise high risk transactions EG 2 hops from silk road or recognise safe transactions EG 20 hops from silk road or 2 hops from bitstamp. makes it easier for businesses to assess the need to throw paperwork around the office as useless paper aeroplanes due to low risks or use them to inform fincen of serious money laundering.

i have then come to the conclusion that its soo easy to mix coins dilute taint* that in the end coinvalidation will become useless

*by transacting with 20 other addresses owned by an individual to increase hops/decrease taint. to then put into an coinvalidation accredded exchange, (not converting to fiat) but after waiting a few confirms withdrawing BTC from that exchange as clean coins(mixer) .. to then put into a new exchange to withdraw as FIAT without issues.

you think they will stop their?

this is one baby step  i will not take!

[proudhon]

once people ignore the media propoganda and look at what coinvalidation actually proposes

EG
not redlisting coins (thats mike hearns idea not coinvalidation... two separate subjects)
not adding ID info to every users pubkeys (thats a hysteria idea from who knows where it originated, but obviously a conspiracy fanboy)
not making coins unusable. (coinvalidation and exchanges are businesses. not government or banks. only a bank/court order or fincen can demand funds to be 'frozen'
not going to become a REQUIREMENT of bitcoin ecosystem (coinvalidation are a business, they are NOT judge dredd.. they are not the law)
not affecting businesses that do not deal with FIAT on behalf of customers

but instead
to have a santa's naughty and nice list of BUSINESS OWNED addresses. to make it easier for exchanges to rate the risk of transactions by being able to put checks in place to for instance:
report to fincen a 25BTC to FIAT transfer which the BTC has only a 2 hop TXID from silk road. as being high risk *
or
not to report to fincen a 25BTC to FIAT transfer which the BTC has a 20 hop TXID from silk road. due to being low risk *
to advise the bitcoin businesses that deal with FIAT on behalf of customers to comply with the same fiat regulations that have been around for decades

* businesses themselves will pick what they classify as high or low risk as park of their compliance handbook

i see no problems with coinvalidations current proposals. but reading other threads about mike hearn wanting the actual coins redlisted... now that is a bold and obsurd idea to even conceive.

+1 to this.  This (a) doesn't seem that nefarious to me and (b) there really isn't any way to prevent somebody from doing this sort of thing.  Don't support them, or do business with them, whatever.  But this has been inevitable for a long time, and I don't think it's that big a deal.

[yayayo]

i personally didnt join the hysteria train. instead i went on the look beyond the newspaper train, and followed down the tracks till i reached investigate furtherville.

knowing coinvalidation is just a VOLUNTARY tool of business advisors to help businesses dealing with FIAT exchanges to become compliant* is much needed, especially when some of these exchanges are/have been run by teenage basement dwellers and other people that do not know FIAT laws in regards to handling the fiat side of their exchange

For lack of thinking ability, spreading of misinformation, and unbased insults: Welcome to my ignore list.


ya.ya.yo!

[adamstgBit]

so far we are at 92.1%

if this thing passes we have bigger problems.

[franky1]

there are 2 topics today

coinvalidation - purely business advisors to aid legitimate businesses identify risk

mike hearns redlisting - making each coin marked as dirty or clean.

im more concerned and worried about mike hearn... this idea of his will ruin bitcoin. where as coinvalidation will weed out the scam businesses and blackmarkets from giving bitcoin a bad name

[freethink2013]

So when the febs dump their bseized bitcoin, how are those bitcoin rated? Clean?

coinvalidation from reading the proposals and not the media hype are not about mike hearns idea of marking coins. but just highlighting known business addresses. so if the FBI moved DPR's funds into an FBI pubkey, it would show as low risk. if left in a active silk road pubkey, it would show as highrisk, especially if found guilty.

i personally didnt join the hysteria train. instead i went on the look beyond the newspaper train, and followed down the tracks till i reached investigate furtherville.

knowing coinvalidation is just a VOLUNTARY tool of business advisors to help businesses dealing with FIAT exchanges to become compliant* is much needed, especially when some of these exchanges are/have been run by teenage basement dwellers and other people that do not know FIAT laws in regards to handling the fiat side of their exchange

* by making it easier to recognise high risk transactions EG 2 hops from silk road or recognise safe transactions EG 20 hops from silk road or 2 hops from bitstamp. makes it easier for businesses to assess the need to throw paperwork around the office as useless paper aeroplanes due to low risks or use them to inform fincen of serious money laundering.

i have then come to the conclusion that its soo easy to mix coins dilute taint* that in the end coinvalidation will become useless

*by transacting with 20 other addresses owned by an individual to increase hops/decrease taint. to then put into an coinvalidation accredded exchange, (not converting to fiat) but after waiting a few confirms withdrawing BTC from that exchange as clean coins(mixer) .. to then put into a new exchange to withdraw as FIAT without issues.

appreciate the pov. thanks for sharing.

but road to hell etc

[franky1]

i personally didnt join the hysteria train. instead i went on the look beyond the newspaper train, and followed down the tracks till i reached investigate furtherville.

knowing coinvalidation is just a VOLUNTARY tool of business advisors to help businesses dealing with FIAT exchanges to become compliant* is much needed, especially when some of these exchanges are/have been run by teenage basement dwellers and other people that do not know FIAT laws in regards to handling the fiat side of their exchange

For lack of thinking ability, spreading of misinformation, and unbased insults: Welcome to my ignore list.


ya.ya.yo!

no harm done..
unbased insults... bitcoinica, run by a teenager(Zhou Tong), no regulation when handling FIAT funds. and then ran off with peoples money..
spreading of misinformation... i can see atleast 100 posts under 4 different threads of this topic from people that just chinese whispered to each other the forbes article.
lack of thinking ability... well it doesnt take a rocket scientist to look passed propoganda, i give you that. just wish the other 100 posters that take media as gospel atleast researched at a level above a fish brain to come to the same conclusion as me..