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Topic: Stopping fraud masterstroke (Read 1045 times)

full member
Activity: 157
Merit: 103
December 05, 2012, 12:21:25 AM
#6
Confirming payment is pretty simple.  Gavin has a proposal for signed invoices and receipts, which honestly can be accomplished already with a few command-line programs.

The problem isn't confirming payment.  The problem is that the Bitcoin economy is so small, and disperse, right now that trying to enforce any kind of remuneration against someone a thousand miles away is near impossible.

Agree. Confirming has been easy for me, it's all the scammers and free-for-all nature which poses challenges. At least from my perspective
legendary
Activity: 1330
Merit: 1000
December 04, 2012, 11:27:56 PM
#5
Confirming payment is pretty simple.  Gavin has a proposal for signed invoices and receipts, which honestly can be accomplished already with a few command-line programs.

The problem isn't confirming payment.  The problem is that the Bitcoin economy is so small, and disperse, right now that trying to enforce any kind of remuneration against someone a thousand miles away is near impossible.
hero member
Activity: 784
Merit: 502
legendary
Activity: 1246
Merit: 1014
Strength in numbers
December 04, 2012, 02:26:58 PM
#3
Fraud is the major stumbling block when getting Bitcoin accepted in mainstream use. So the question is, can the block chain be use to publically confirm a bitcoin payment in the advent of a dispute?

i.e if I buy some stuff with bitcoin, can the blockchain be used to prove an amount was sent to a given named recipient?

That would make life easier.



If you have the name you can use whatever methods you currently use to avoid being defrauded.

The reasons so many people get ripped off for their coins is that Bitcoin makes it possible to send money directly to complete strangers. There is nothing safe about that, the way to avoid loss is to not take advantage of that option.


legendary
Activity: 1022
Merit: 1000
December 04, 2012, 09:54:06 AM
#2
hero member
Activity: 784
Merit: 502
December 04, 2012, 09:51:32 AM
#1
Fraud is the major stumbling block when getting Bitcoin accepted in mainstream use. So the question is, can the block chain be use to publically confirm a bitcoin payment in the advent of a dispute?

i.e if I buy some stuff with bitcoin, can the blockchain be used to prove an amount was sent to a given named recipient?

That would make life easier.

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