Bitcoin Forum
April 26, 2024, 07:36:13 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Merchant processing alternative  (Read 565 times)
mokimarket (OP)
Sr. Member
****
Offline Offline

Activity: 422
Merit: 250



View Profile
November 21, 2011, 07:09:13 PM
 #1

Instead of issueing a random address for payment with each transaction, couldnt you just assign a unique ID to each user to the end of each payment?

So if user #43 in your sytem wants to purchase something worth 1.542 bitcoins. Your system would request that they send 1.542000043 bitcoins, where the 000043 would be the unique identifier for that account; you could also generate a random sequence per each account.

This is the system I am implementing on mokimarket, what do you guys think?
"Bitcoin: mining our own business since 2009" -- Pieter Wuille
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218
Merit: 1079


Gerald Davis


View Profile
November 21, 2011, 07:16:23 PM
 #2

You certainly could but why?

If user has a typo then they don't get credit for their funds?

It is too easy to generate a unique address for each user.
mokimarket (OP)
Sr. Member
****
Offline Offline

Activity: 422
Merit: 250



View Profile
November 21, 2011, 07:36:48 PM
 #3

You certainly could but why?

If user has a typo then they don't get credit for their funds?

It is too easy to generate a unique address for each user.

I see your point, I just figured it would be just as easy to copy/past unique address as it would be a unique payment. And user would still get credit, it would just take longer.

Another advantage is that I can store my wallet offline; wouldn't I have to have my wallet.dat file on server if I wanted to generate unique addresses?
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218
Merit: 1079


Gerald Davis


View Profile
November 21, 2011, 07:45:29 PM
 #4

Your wallet wouldn't need to be online (or at least not on the store server).  You can pre-generate 100,000 addresses and only load the public address on the store webserver, giving each user a unique one from the list.  When the list runs low you could upload another 100,000 addresses. 
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!