Re: [Bitcoin-development] Revocability with known trusted escrow services?

2013-06-06 Thread Caleb James DeLisle
IMO this story falls somewhere between rose colored glasses and outright trolling. Whereas LR was a (relatively shady) company, bitcoin is an entire branch of technology and research, I can't think of any real caselaw in the US with regards to banning a technology, perhaps the cryptography expor

Re: [Bitcoin-development] Revocability with known trusted escrow services?

2013-06-06 Thread Melvin Carvalho
On 6 June 2013 02:19, Peter Vessenes wrote: > So, this > http://www.americanbanker.com/bankthink/the-last-straw-for-bitcoin-1059608-1.html?pg=1 > article got posted today, noting that FinCEN thinks irrevocable payments > are money laundering tools. > > I will hold my thoughts about the net socia

Re: [Bitcoin-development] Proposal: soft-fork to make anyone-can-spend outputs unspendable for 100 blocks

2013-06-06 Thread Melvin Carvalho
On 6 June 2013 23:48, Luke-Jr wrote: > On Thursday, June 06, 2013 8:16:40 PM Andreas M. Antonopoulos wrote: > > > This doesn't work like you might think: first of all, the fees today > are > > > greatly subsidized - the actual cost to store data in the blockchain is > > > much higher than most st

Re: [Bitcoin-development] Proposal: soft-fork to make anyone-can-spend outputs unspendable for 100 blocks

2013-06-06 Thread Luke-Jr
On Thursday, June 06, 2013 8:16:40 PM Andreas M. Antonopoulos wrote: > > This doesn't work like you might think: first of all, the fees today are > > greatly subsidized - the actual cost to store data in the blockchain is > > much higher than most storage solutions. Secondly, only the miner receive

Re: [Bitcoin-development] Proposal: soft-fork to make anyone-can-spend outputs unspendable for 100 blocks

2013-06-06 Thread Melvin Carvalho
On 6 June 2013 21:59, Andreas M. Antonopoulos wrote: > Is there any consideration given to the fact that bitcoin can operate as a > platform for many other services, if it is able to be neutral to payload, > as long as the fee is paid for the transaction size? > > Unless I have misunderstood this

Re: [Bitcoin-development] Proposal: soft-fork to make anyone-can-spend outputs unspendable for 100 blocks

2013-06-06 Thread Andreas M. Antonopoulos
Is there any consideration given to the fact that bitcoin can operate as a platform for many other services, if it is able to be neutral to payload, as long as the fee is paid for the transaction size? Unless I have misunderstood this discussion, it seems to me that this is a bit like saying in 19

Re: [Bitcoin-development] Proposal: soft-fork to make anyone-can-spend outputs unspendable for 100 blocks

2013-06-06 Thread Andreas M. Antonopoulos
> This doesn't work like you might think: first of all, the fees today are > greatly subsidized - the actual cost to store data in the blockchain is > much > higher than most storage solutions. Secondly, only the miner receives the > fees, not the majority of nodes which have to bear the burden of

Re: [Bitcoin-development] Proposal: soft-fork to make anyone-can-spend outputs unspendable for 100 blocks

2013-06-06 Thread Luke-Jr
On Thursday, June 06, 2013 7:59:16 PM Andreas M. Antonopoulos wrote: > Is there any consideration given to the fact that bitcoin can operate as a > platform for many other services, if it is able to be neutral to payload, > as long as the fee is paid for the transaction size? This doesn't work lik

Re: [Bitcoin-development] Proposal: soft-fork to make anyone-can-spend outputs unspendable for 100 blocks

2013-06-06 Thread Luke-Jr
On Saturday, June 01, 2013 7:30:36 PM Peter Todd wrote: > scriptPubKey: OP_TRUE > > ... > Along with that change anyone-can-spend outputs should be make IsStandard() > so they will be relayed. Data does not belong in the blockchain. People running nodes have all implicitly agreed to store the b

Re: [Bitcoin-development] Revocability with known trusted escrow services?

2013-06-06 Thread Mark Friedenbach
-BEGIN PGP SIGNED MESSAGE- Hash: SHA1 If a technical solution could be found, I don't doubt that it will quickly become the only legal way to do transfers in the U.S. Peter, you are Executive Director of the Bitcoin Foundation. I would like to know that your efforts are focused on fighti

Re: [Bitcoin-development] Revocability with known trusted escrow services?

2013-06-06 Thread Jorge Timón
P2SH with 2 of 3: the payer, recipient and a trusted third party. It is explained here: https://en.bitcoin.it/wiki/Contracts#Example_2:_Escrow_and_dispute_mediation Nothing can be done at the protocol level if you want it to remain p2p. Much like the tainted coins stuff. Maybe offtopic but I disl

Re: [Bitcoin-development] address collision and undependability

2013-06-06 Thread Byte Coin
>From https://bitcointalk.org/index.php?topic=20955.msg264038#msg264038 This may be an appropriate thread to mention that the the "checksum" at the end of an address does not effectively prevent single character errors or transpositions. For instance https://blockexplorer.com/search/1ByteCoin

[Bitcoin-development] address collision and undependability

2013-06-06 Thread Melvin Carvalho
There was a discussion on #bitcon-dev yesterday I stated that it would be impractical to generate two bitcoin addresses, such that they differed in exactly one character (modulo different checksums). The corollary to this is that if you find an address with a verifiable signature. Changing one c

Re: [Bitcoin-development] Revocability with known trusted escrow services?

2013-06-06 Thread Leszek Rychlewski
Transactions with cash are even less revocable (there is no negative cash balance while a btc wallet can have a negative balance) so it looks like the authorities are exploiting differences between crypto currencies and the banking system as an excuse to prosecute members of the new industry. Coll

Re: [Bitcoin-development] Revocability with known trusted escrow services?

2013-06-06 Thread Mike Hearn
On Thu, Jun 6, 2013 at 2:19 AM, Peter Vessenes wrote: > So, this > http://www.americanbanker.com/bankthink/the-last-straw-for-bitcoin-1059608-1.html?pg=1 > article got posted today, noting that FinCEN thinks irrevocable payments > are money laundering tools. > That's not how I read it, I don't

Re: [Bitcoin-development] Blockchain alternative storage

2013-06-06 Thread Jouke Hofman
Abe is able to do what you want. https://github.com/jtobey/bitcoin-abe https://bitcointalk.org/index.php?topic=22785.0 With kind regards, Jouke Hofman Bitonic.nl On 06/06/2013 02:53 AM, Marko Otbalkana wrote: > Could anyone point me to work/project(s) related to storing the block > chain in a

Re: [Bitcoin-development] Revocability with known trusted escrow services?

2013-06-06 Thread Peter Todd
On Wed, Jun 05, 2013 at 05:19:16PM -0700, Peter Vessenes wrote: > So, this > http://www.americanbanker.com/bankthink/the-last-straw-for-bitcoin-1059608-1.html?pg=1 > article got posted today, noting that FinCEN thinks irrevocable > payments > are money laundering tools. > > I will hold my thoughts