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Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 327. (Read 1276817 times)

sr. member
Activity: 386
Merit: 250
BTT publishes KYC and AML Policies
BitcoinTangibleTrust has uploaded new KYC and AML policies online. You may review our policies here: http://bitcointangibletrust.com/knowyourcustomer_anti-moneylaundering/. If the community has any feedback or questions regarding these policies, we'd welcome hearing them.

I have a major problem with this:

Quote
Fictitious names may result in loss or forfeiture of your physical assets and digital tokens.

I will never trust anyone who makes a statement like this with my money for anything other than very short pass-through. What it amounts to is that you are reserving the right to steal someone's property. If you decide you don't want to do business with someone, you should just return their assets to them in full.

Ah. Good catch td services. I think there may be some confusion which we need to address.

This "real name" requirement is for the AML/KYC requirements at redemption where we deliver physical gold to a contact. For example, we cannot redeem physical gold to Santa Clause residing at 85 Broad Street, 2nd Floor, New York, NY, 1004. If the gold being redeemed is 100 Oz or $130,000 USD, then we will need correct contact information of the person taking the gold. If they provide false information, we do not personally take the gold, but we may have to report suspicious activity and alert authorities that Santa Clause tried to make a withdrawal.

We BTT cannot be seen or perceived to be an avenue for money launering or withdrawal of stolen coins. We would gladly consider rewording that answer if you have any recommendations that better communicate our risk management approach above.

Lastly, we cannot enrich ourselves on fraudulent activity or take precious metals that are rightfully owned by our customers. That would be fraud as well.

BTT

EDIT: Updated the Policy to clarify that we're targeting fraudulent contact information.
"Fraudulent contact information used for redemption of physical precious metals may result in loss or forfeiture of your physical assets and digital tokens."

BTT, phrasing is everything. You might simply say that your policy is in accord with the laws of and that the intent is to protect your customers from bad actors. Phrase it so that you position yourself as advocates for your clients' interests. You don't want to appear to be agents of a "Big Brother" surveillance program, or the "precious metals police," determined to exploit your customers' desire for privacy, right? And connect your statement with the mission of your business, which is about relying on the security of the blockchain, the reputation of your custodians (along with appropriate auditing), and universal access afforded by Bitcoin and Counterparty. Your policies are meant to make it difficult or impossible for bad actors to violate the "Circle of Trust," right?
full member
Activity: 155
Merit: 100
I just sold 98% of my Nxt holdings this week because I see too many problems with it and Nxt community here at bitcointalk is full of knuckleheads who basically ran me off for asking technical questions. I don't know much about counterparty but I've heard it's pretty cool
and does more than Nxt. Can the community here help me get started?

Hi Brian, wanna exchange the rest of your nxt directly for xcp?
Since u hate nxt so much and like xcp so well (so far)

We can use escrow and i will ensure the guy pay tx fee lol
member
Activity: 111
Merit: 10
Digitizing Valuable Hard Assets with Crypto
BTT publishes KYC and AML Policies
BitcoinTangibleTrust has uploaded new KYC and AML policies online. You may review our policies here: http://bitcointangibletrust.com/knowyourcustomer_anti-moneylaundering/. If the community has any feedback or questions regarding these policies, we'd welcome hearing them.

I have a major problem with this:

Quote
Fictitious names may result in loss or forfeiture of your physical assets and digital tokens.

I will never trust anyone who makes a statement like this with my money for anything other than very short pass-through. What it amounts to is that you are reserving the right to steal someone's property. If you decide you don't want to do business with someone, you should just return their assets to them in full.

Ah. Good catch td services. I think there may be some confusion which we need to address.

This "real name" requirement is for the AML/KYC requirements at redemption where we deliver physical gold to a contact. For example, we cannot redeem physical gold to Santa Clause residing at 85 Broad Street, 2nd Floor, New York, NY, 1004. If the gold being redeemed is 100 Oz or $130,000 USD, then we will need correct contact information of the person taking the gold. If they provide false information, we do not personally take the gold, but we may have to report suspicious activity and alert authorities that Santa Clause tried to make a withdrawal.

We BTT cannot be seen or perceived to be an avenue for money launering or withdrawal of stolen coins. We would gladly consider rewording that answer if you have any recommendations that better communicate our risk management approach above.

Lastly, we cannot enrich ourselves on fraudulent activity or take precious metals that are rightfully owned by our customers. That would be fraud as well.

BTT

EDIT: Updated the Policy to clarify that we're targeting fraudulent contact information.
"Fraudulent contact information used for redemption of physical precious metals may result in loss or forfeiture of your physical assets and digital tokens."
sr. member
Activity: 448
Merit: 250
black swan hunter
BTT publishes KYC and AML Policies
BitcoinTangibleTrust has uploaded new KYC and AML policies online. You may review our policies here: http://bitcointangibletrust.com/knowyourcustomer_anti-moneylaundering/. If the community has any feedback or questions regarding these policies, we'd welcome hearing them.

I have a major problem with this:

Quote
Fictitious names may result in loss or forfeiture of your physical assets and digital tokens.

I will never trust anyone who makes a statement like this with my money for anything other than very short pass-through. What it amounts to is that you are reserving the right to steal someone's property. If you decide you don't want to do business with someone, you should just return their assets to them in full.
sr. member
Activity: 386
Merit: 250

have you considered issuing pxgold asset later ?

Absolutely.

If you could also consider stopping your daily spam / scam ...

Oh, Bellebite, you used to occasionally provide some needed critique, albeit inelegantly expressed. Your poor etiquette and childish tantrums were at least redeemed by your humor. Now you're just an unfunny, drunk heckler. Please excuse yourself and slip out the back.
newbie
Activity: 56
Merit: 0

have you considered issuing pxgold asset later ?

Absolutely.

If you could also consider stopping your daily spam / scam ...
member
Activity: 111
Merit: 10
Digitizing Valuable Hard Assets with Crypto
member
Activity: 111
Merit: 10
Digitizing Valuable Hard Assets with Crypto


Product and Service Updates April 5, 2014
Our mission is to digitize all valuable assets into the Counterparty platform and to build a trustless, yet reputable service that delivers unmatched ability to access asset markets, globally.

Selling 1/2 Oz of Gold with Bitcoin Tangible Trust process and Counterparty community member led_cd/Global_trade Repo:
Now that we've completed a purchase and custody of 1/2 Oz gold with led_cd, we are reversing the transaction. We are selling gold!

Led_cd (aka Global_Trade Repo) would welcome an offer to trade the 1/2 Oz gold for BTC. Although the offer on the DEX expired, will you consider making a new offer on the DEX?  He is willing to trade 1.5 BTC for 1 GLDAGOAAAAAAA which is at a discount from current Agora price of 1.5660 BTC. If you don't know how to trade on the DEX, but would like to purchase quickly, you may place an order online here. We are not charging any fees for purchases on our website. You may also wait for Counterwallet's launch on Mainnet tomorrow to make an offer!

New BitcoinTangible Trust Sales in Silver!
We have new sales in Silver! 10 Pieces of Silver purchased and we have issued new coins. This week, we will be uploading Proof of Purchase and Proof of Custody once the coins are delivered. You may see our growing catalog of physical and digital assets here: http://bitcointangibletrust.com/assets/

Help us give away five "Pieces of Eight" Digital Silver Coins
Thank you Counterparty Devs and the Counterparty Community on ideas you shared to promote our upcoming raffle giveaway of five "Pieces of Eight". We were inspired by the feedback and will be exploring which idea we can implement quickly and cheaply. Special thanks to community members halfcab123 and romerun for excellent ideas!

BTT publishes KYC and AML Policies
BitcoinTangibleTrust has uploaded new KYC and AML policies online. You may review our policies here: http://bitcointangibletrust.com/knowyourcustomer_anti-moneylaundering/. If the community has any feedback or questions regarding these policies, we'd welcome hearing them.


Happy Saturday from the Bitcoin Tangible Trust Team
Cross Posted to Counterparty Forums: https://forums.counterparty.co/index.php/topic,203.0.html
hero member
Activity: 588
Merit: 504

So you would send me the Gold via post mail. Did I get that right?
How do I know that you have the gold?
And you also provide a BTC/1ozGold price feed? What data is that feed based on exactly?

Answer1:
We don't send you the gold. Our system is setup that gold goes directly from the gold seller to the custodian. We never touch your gold.

Answer 2:
With our special custody agreement, you can conduct an independent audit on the gold in custody. Again, we never touch your gold. It's in professional, bonded, insured, guarded custody.

Answer 3:
We will provide a feed on spot gold. I just need to figure out how to do that on Counterparty, but it's not a blocker to trading your gold coin on the DEX.

EDIT: Super Thanks for these questions, l4p7. I will add them to our FAQ right now.

have you considered issuing pxgold asset later ?
hero member
Activity: 784
Merit: 500
Asset Exchange is very slick. Better than Nxt's best client.

I understand, that you had some problems with some of the guys over in the Nxt thread, but looking at your recent posts here, it seems that you are now trying to talk Nxt down.

The counterparty webclient is very neat, indeed, as well as some Nxt clients are neat, too. Don´t be biased and please don´t denigrate the work of a lot of people, just because you´re angry.


just to make it clear:
I have a higher stake in XCP as in Nxt (proportionally), but I think that both approaches are very interesting and promising. I just don´t like if someone is spreading false/bad information over and over again, just because of rage or disappoitnment.
sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
hero member
Activity: 817
Merit: 1000
Truth is a consensus among neurons www.synereo.com
Is there a list of known bugs anywhere?
sr. member
Activity: 390
Merit: 254
Counterparty Developer
I just tried to create a new webwallet but nothing happened after clicking on the "Open Wallet" button. Huh

Sorry guys, we went to the new build system for the site and it seems there's a bug with firefox at least when the source files are minified (while it works on chrome). We'll be fixing this ASAP, however the site should be working again as I switched it to use the non-minified sources.

(currently rebuilding the database due to an update, should only take 10 minutes)
member
Activity: 70
Merit: 10
Asset Exchange is very slick. Better than Nxt's best client.
newbie
Activity: 36
Merit: 0
If the developer of the web wallet reads this thread:

Very small editing error thing, but when I went to convert BTC to XRP the pop up box reads:

In order to do things with Counterparty, your address needs to contain at one confirmed "unspent output" for each action you want to do (e.g. send, create asset, etc).

I believe you want this to read "at least one confirmed"

ha.. the developer is xnova. use the chatbox in the counterwallet. he will be there
member
Activity: 70
Merit: 10
If the developer of the web wallet reads this thread:

Very small editing error thing, but when I went to convert BTC to XRP the pop up box reads:

In order to do things with Counterparty, your address needs to contain at one confirmed "unspent output" for each action you want to do (e.g. send, create asset, etc).

I believe you want this to read "at least one confirmed"
sr. member
Activity: 602
Merit: 252
Counterwallet will be live on mainnet this Sunday, 6
April.


US time or Euro time?
hero member
Activity: 602
Merit: 500

You don't need install anything before using the webwallet.

https://testnet.counterwallet.co

I can send you some test BTC and XCP.

That would be great. I created a new account and an address: mzYjg5uEgzQ8DBMi31UUZ4Js4czNbMFLps
Appreciate your help.

Sent some.Wait a while.
member
Activity: 70
Merit: 10

You don't need install anything before using the webwallet.

https://testnet.counterwallet.co

I can send you some test BTC and XCP.

That would be great. I created a new account and an address: mzYjg5uEgzQ8DBMi31UUZ4Js4czNbMFLps
Appreciate your help.
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