Let's say I want my BITCOINADDRESS to become TRUSTWORTHY.
what you do is fillout this form and follow the instructions
- You upload the required items all on a google doc drawing file(Passport, Address details, Utility Bill]Passport, Address details, Utility Bill)
-You "share" the items and make the Bitcoin Trust Cystem "Owner", we change the setting to "view only"
- You make a banktransfer of $0.50 to the Bitcoin Trust Cystem
- If everything is ok, your BITCOINADDRESS gets the status TRUSTWORTHY
* Only the Bitcoin Trust Cystem can see your (Passport, Address details, Utility Bill)
* If you want ownership back, you got it, but then your BITCOINADDRESS gets no status
If somebody wants to know if your bitcoinaddress is TRUSTWORTHY they have to
go through the same process. You have a max request of 3bitcoinaddresses per month
The why's
Why do you need my Passport, Address details, Utility Bill? That's the way to Id you
Why do I got to make a banktransfer? That's the second confirmation who you are
Why do I have to give you ownership of my items? We need something to hold on to incase.
Why would a Bitcoin Trust Cystem work? Because you know who we are (You get our full details when you send the $0.50) and vice versa. Furthermore you get to really know if a bitcoinaddress is TRUSTWORTHY.
Why would I trust you? You don't have to, but trust that the details you send the $0.50 to is NO LIE.
Why $0.50? You can actually send whatever you want, the banktransfer is just to id you and us.
Why do I have to go through the same process to know if an BITCOINADDRESS is TRUSTWORTHY? Then we know that you are TRUSTWORTHY.
Why google in Godname? Through google you can relinquish ownership.
Why only 3 requests? I also got a fulltime job, so I can't make this my fooltime job
BTW this is just a concept but it could maybe help to have more trust among eachother
My fears:
-That the banks get to know the bitcoin community through the Bitcoin Trust Cystem
-That the google account gets hacked, ownership will be given to another emailaddress after you hand it over, but still.
-That having our items (Passport, Address details, Utility Bill) online might not be a good idea.
It would be GREAT if the bitcoinfoundation had this task. Please give some feedback
