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Author Topic: Why only BitcoinJ?  (Read 3015 times)
molecular
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July 28, 2011, 08:15:11 AM
 #21

Interestingly I'm currently thinking about a different solution to this problem (accepting payment on website), that doesn't involve a bitcoin client at all:
  • generate a load of addresses in advance using vanitygen
  • put the public part (address) into db on webserver to give to users as payment addresses
  • check payment reception using blockexplorer.com/q/getreceivedbyaddress
  • keep private keys somewhere else, import as needed into wallet using sipa:showwallet patch (importprivkey)

EDIT: forgot to ask for comments on this idea? Is it workable? Anyone see a problem with this approach?

sounds like a great way to *receive* payments, i wonder what similar lengths one could go to to *send* payments without running a bitcoin client.


You'd have to at least be able to construct a Transaction (using private key and destination address). You'd also have to broadcast it to the bitcoin network somehow. Only thing you don't really need for sending is the blockchain storage, if I'm correct.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
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August 06, 2011, 04:57:16 PM
 #22

You could also consider just revealing selected private keys instead of "sending".

For things like retail shopping, where people who use cash routinely trust the sales clerk to give them any change resulting from the denominations handed over adding up to more than the amount owed, that could work fine, though its convenience could be improved by doing some shuffling around behind some curtain somewhere to get nice memorable denominations to give out.

-MarkM-


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August 06, 2011, 08:18:23 PM
 #23

You could also consider just revealing selected private keys instead of "sending".


No

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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