And people asked me "Why Shair partnered with Whitecoin"... Well to us it's pretty clear that we align with the Community, simply look at the above initiatives and their early support
Shout Outs:
--> WNW - Excellent addition of #7
--> Surfguy72 - Super work on updating and moving this forward - I really like your regulations link:
http://www.cryptocoinsnews.com/news/bitcoin-regulation-inevitable-black-white-bitcoins-explained/2014/08/05?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-regulation-inevitable-black-white-bitcoins-explained --> WC Community - Awesome support thus far, keep your votes coming for what you want most for WC, we are loving what we are seeing!
To keep you all in the loop, I am shairing the daily fundraising/updates with our teams to keep them in the loop as to the communities desires and support. The direction of these priority developments are excellent with IRL applications, merchant and services focused. Shair is currently evaluating how it can best support these developments, obviously this will be dependent upon the Community wants/needs & level of importance/support for these.
From the current 2 front runners, #7 could directly involve Shair (DandyID/Claimio) therefore I will focus on this item as this seems to be the current #1 requested/supported development at this time.
Your input will help define these developments, some quick questions regarding these developments in order of pledged donations thus far:
#7 - Trusted/Known/Verified Users
--> WNW summed it up quite nicely:
"Your wallet would be certified by a trusted third-party entity that has established authenticity of your identify based on information that would normally be deemed too confidential to provide to a point-to-point entity. Along the same concept has acquiring an SSL Certification for your Web Site whereas you have public and private keys. Thus, when transacting business peer-to-peer, identity is established without either party needing to question the trust relationship. Shair has holdings via DandyID, so conceptually may work in and around that type of service where you actually have a third-party entity to broker and administer that relationship in the coin (and could extend to other coins as a value). Lots of possibilities exist within that framework, but it could be my meds kicking in..."
BTW - your meds work well, don't hop off them anytime soon
* With the above explanation, what information would you be willing to provide to to become "Certified/Verified"? Example: passport/utility bill etc. etc.
* What would your expectations be for the trust relationship? / What would the verification represent to you when you see it?
* What would happen if there was a "bad apple", then what? - Do you expect that the verification will be a warranty of sorts? Please explain if you have thoughts on this
* Are you willing to pay an annual fee (like SSL) for this service?
* A use case would be great to ensure that we are all on the same page.
NOTE: There may be (probably will be) certain restrictions/requirements by the Cdn Gov't that we will more than likely have to comply with, however, as long as the community is willing to go through the necessary steps to become certified/trusted we are up for a much deeper analysis of seemless integration with our patented services/solutions...
Any additional comments that you may have are more than welcome, but I think the above will help further define/outline the expectations of a service of this type, we are looking forward to continuing to see where the community drives Whitecoin.
Additionally - If Shair and the community does decide that this is feasible to move forward with, we would look to our available development teams, partners, current and new development sources - in-conjunction/consultation with Mindfox and the level of involvement in this project that he can/is able to provide. Shair would step up to drive/manage this process to fully execute the development/service through to implementation as this would become an integrated service offering by our holdings.
So here's the questions on the Table and some of my thoughts...
* With the above explanation, what information would you be willing to provide to to become "Certified/Verified"? Example: passport/utility bill etc. etc.
Drivers license, passport, utility bill, any other bill prolly, must be 18+ to verify, ID from gov't - that type of stuff. Nothing with a social security number (US only) should be required at this point.
* What would your expectations be for the trust relationship? / What would the verification represent to you when you see it? That any information would be held in a total private nature that no one else could see or request. Verification would mean that you can ensure who you are dealing with is not a fudster, and would allow reputation to be built on a solid foundation. It would enable better escrow for online deals, enable political donations, and would allow business to better adopt as many rules are coming out "knowing your customer." I don't think we should bend completely to what is being proposed by gov'ts but this step would bring trust to the system.
* What would happen if there was a "bad apple", then what? - Do you expect that the verification will be a warranty of sorts? Please explain if you have thoughts on thisI think whenever there is a system, there's someone trying to mess with it for sure. I think the verification of an individual goes hand and hand with the building of reputation. In the beginning, maybe there will be a way to integrate some of the things a user has already done online to build a little street credit. But as far as warranty, i think only that every user goes through the same verification process is all you can say, over time, if the system works, the trust will be there.
* Are you willing to pay an annual fee (like SSL) for this service?Possibly a fee, or a transaction fee for verified sent funds. Would seem though the business end would want the money upfront.
* A use case would be great to ensure that we are all on the same page.Political donations - People who run for office in various countries are only usually allowed to accept money from individuals located in that country, this may be a way to ensure that happens.
Escrow - As trust is built by users with a user, escrow for online transactions and business deals may be built. This would be a feature requested, a rep system
Business Use - Merchants (in some countries) are required to know their customer when it comes to crypto and this would be a middle ground I believe rather than handing them over everything, they would be able to trust the sytem and still not have access to all my info to later sell lol.
Increased Integrity - Just like in the 1990's chat rooms... when you are fully anon, people can be whoever they want, but, when its your verified account, that can't be duplicated or replicated, it brings a certain amount of integrity to our actions and words.
The idea of supplying a passport/utility bill/drivers license seems a little over kill, and likely to be rejected as cumbersome by the internet community. Rather, I see a system, much like this very thread, or Ebay, where you create a Nick and the transactions are tracked by that Nick. The more positive transactions the more trustworthy the account and the more motivation to make sure your transactions go through smoothly.
