Hmm... looks like you're barking up a similar tree as the proposed Bitcoin Karma project. You're working on the same problem, at any rate. Any plans to integrate OTC ratings, or some other kind of rating system?
Looks nice though. I like it so far. :-)
Topic: Introducing bitcoinID and bitcoinID.com - page 2. (Read 8480 times)
Advantages of Bitcoin for Donations
Bitcoin is an excellent way for individuals or organizations to accept donations simply by advertising their bitcoin address in an email, forum post, or on a web site. The donor can use that bitcoin address to send an anonymous contribution. The advantages of using bitcoin for donations rather than other online payment methods such as PayPal or credit cards are the same as using bitcoin for other purposes:
Anonymous Transactions: a Double-edged Sword
Transactions involving bitcoin are inherently anonymous. That's because using bitcoin is comparable to using cash when buying or selling goods and services. Buyers must supply only their anonymous bitcoin address, and sellers must provide only enough information about themselves to assure proper delivery of the good or service. Donors may prefer to be anonymous; but they want to be very sure their money goes where they intend. How can a potential donor be certain that the bitcoin address being advertised in an online forum actually belongs to the author, musician or non-profit they wish to donate to?
A bitcoinID Provides Assurance
The ownership of a bitcoin address can be verified by means of a bitcoinID. Potential donors can view the bitcoinID Card of an individual or organization on bitcoinID.com. If the bitcoin address being advertised matches the bitcoin address displayed on the bitcoinID Card and the security level for the bitcoinID satisfies the donor, the donation can be sent to the bitcoin address with confidence that it will be delivered to the intended recipient.
More information available at: http://bitcoinid.com
I look forward to hearing your questions and comments.
Matt
Bitcoin is an excellent way for individuals or organizations to accept donations simply by advertising their bitcoin address in an email, forum post, or on a web site. The donor can use that bitcoin address to send an anonymous contribution. The advantages of using bitcoin for donations rather than other online payment methods such as PayPal or credit cards are the same as using bitcoin for other purposes:
- worldwide access (no currency exchange needed)
- low cost (no--or very low--transaction fees)
- anonymity
Anonymous Transactions: a Double-edged Sword
Transactions involving bitcoin are inherently anonymous. That's because using bitcoin is comparable to using cash when buying or selling goods and services. Buyers must supply only their anonymous bitcoin address, and sellers must provide only enough information about themselves to assure proper delivery of the good or service. Donors may prefer to be anonymous; but they want to be very sure their money goes where they intend. How can a potential donor be certain that the bitcoin address being advertised in an online forum actually belongs to the author, musician or non-profit they wish to donate to?
A bitcoinID Provides Assurance
The ownership of a bitcoin address can be verified by means of a bitcoinID. Potential donors can view the bitcoinID Card of an individual or organization on bitcoinID.com. If the bitcoin address being advertised matches the bitcoin address displayed on the bitcoinID Card and the security level for the bitcoinID satisfies the donor, the donation can be sent to the bitcoin address with confidence that it will be delivered to the intended recipient.
More information available at: http://bitcoinid.com
I look forward to hearing your questions and comments.
Matt
Jump to: