<div dir="ltr">So, this <a href="http://www.americanbanker.com/bankthink/the-last-straw-for-bitcoin-1059608-1.html?pg=1">http://www.americanbanker.com/bankthink/the-last-straw-for-bitcoin-1059608-1.html?pg=1</a> article got posted today, noting that FinCEN thinks irrevocable payments are money laundering tools. <div>
<br></div><div>I will hold my thoughts about the net social good of rent-seeking large corporations taking money from consumers over fraudulent reversals. Actually, I won't, I just said it.<br><div><br></div><div>At any rate, it got me thinking, can we layer on revocability somehow without any protocol change, as an opt-in?</div>
<div><br></div><div>My initial scheme is a trusted (hah) escrow service that issues time promises for signing. If it doesn't receive a cancel message, it will sign at the end of the time. </div><div><br></div><div>The addresses would be listed by the escrow service, or in an open registry, so you could see if you were going to have a delay period when you saw a transaction go out.</div>
<div><br></div><div>This seems sort of poor to me, it imagines that mythical thing, a trusted escrow service, and is vulnerable to griefing, but I thought I'd see if some of the brighter minds than me can come up with a layer-on approach here.</div>
<div><br></div><div style>When I think about it, I can imagine that I would put a good number of my coins in a one day reversible system, because I would have warning if someone wanted to try and spend them, and could do something about it. I'm not sure if it gets me anything over a standard escrow arrangement, though.</div>
<div style><br></div><div>Peter<br clear="all"><div><br></div>-- <br><div dir="ltr"><br><hr style="font-family:Times;font-size:medium;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;border-top-style:solid;border-top-color:rgb(204,204,204);margin:10px 0px">
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