Topic: Idea 4 lost bitcoin problems - page 2. (Read 2157 times)
For a problem to be fixed you first need to have a problem...
NO, I am saying if it was not accepted within 72 hours, and would only apply if someone wanted to pay the fee for it..
I don't know the right answer, I do know that there is no recourse right now if that happens.. And I feel something with recourse could help bitcoin go more mainstream.. Maybe a charge back model like credit cards or something would be better I don't know.. Just an idea..
I don't know the right answer, I do know that there is no recourse right now if that happens.. And I feel something with recourse could help bitcoin go more mainstream.. Maybe a charge back model like credit cards or something would be better I don't know.. Just an idea..
BTC having, "no recourse," creates an entirely new sort of transfer of value system. It has different abilities (some that make it more powerful), then our traditional models of value transfer. People want to mold it into what they know which is what they're comfortable with.
In the instance you gave, I assume that the party sending the btc had already received value from the party receiving the btc. If the btc are lost it is a problem with the seller of value not the seller of btc. The agreement is good, why do you care to get your btc back.
This sort of feature could occur in 3rd party escrow services, and maybe once high bred multi sig can be levered (will still need 3rd party), but I don't believe it would ever be part of the main protocol.
Good luck!
NO, I am saying if it was not accepted within 72 hours, and would only apply if someone wanted to pay the fee for it..
I don't know the right answer, I do know that there is no recourse right now if that happens.. And I feel something with recourse could help bitcoin go more mainstream.. Maybe a charge back model like credit cards or something would be better I don't know.. Just an idea..
I don't know the right answer, I do know that there is no recourse right now if that happens.. And I feel something with recourse could help bitcoin go more mainstream.. Maybe a charge back model like credit cards or something would be better I don't know.. Just an idea..
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I know it would require all the wallets to get on the same page here, but would it be possible to put in some sort of accepting mechanism for peer to peer bitcoin transactions..
For example Bill sends Steven 1 bitcoin. Bill request delivery confirmation at a cost of .0001 btc..
Once Steve "accepts" the bitcoin confirmation is sent back to Steve.
Until the transaction is accepted, bill could cancel the transaction if lets say 72 hours have passed since bill sent the funds..
A safeguard feature such as this I think would take quite a bit of risk out of loosing btc for no reason..
I myself sent funds to a wallet address then was informed the person no longer had a login to that wallet, and could not retrieve it.
A 72 hour time out would have returned this to my wallet.
It is just an idea, and I know with all the different wallet providers this would be a huge undertaking.. but it is something that would help mitigate some of the risk thus helping bitcoin become more main stream..
Anyone have any idea on how we could suggest an idea such as this to the proper authorities?
or even a better idea than this..
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