I don't see anybody except the people from CoinValidation themselves wanting to actually use this yet.
Can anybody point me to any merchant or exchange that is actually interested in using this scheme?
Topic: Coin Validation, the implications (Read 689 times)
If a data base is developed that contains the addresses that are valid, this may cause the following effects.
[1] approved Banks , financial institutions, credit issuers, lenders will issue addresses that will be included in the database.
[2] Companies, vendors shops etc will only accept BTC from addresses in that data base
a result of [1] & [2] makes any coins on other addresses worthless. End of game unless
[3] the free market is more efficient than this, doubtful as the black market is not that big vs legal market, taxation is used as the enforce the laws.
[4] zero coin or similar is introduced that makes bitcoin untraceable.
>> [4] has to be done fast. Sooner than later or worthless coins incoming. If there is enough momentum behind the untraceable solution, then that's it.
I hope I am wrong
[1] approved Banks , financial institutions, credit issuers, lenders will issue addresses that will be included in the database.
[2] Companies, vendors shops etc will only accept BTC from addresses in that data base
a result of [1] & [2] makes any coins on other addresses worthless. End of game unless
[3] the free market is more efficient than this, doubtful as the black market is not that big vs legal market, taxation is used as the enforce the laws.
[4] zero coin or similar is introduced that makes bitcoin untraceable.
>> [4] has to be done fast. Sooner than later or worthless coins incoming. If there is enough momentum behind the untraceable solution, then that's it.
I hope I am wrong
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