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If a technical solution could be found, I don't doubt that it will
quickly become the only legal way to do transfers in the U.S.<br>
<br>
Peter, you are Executive Director of the Bitcoin Foundation. I would
like to know that your efforts are focused on fighting this archaic
world view, not bending over backwards to comply with it.<br>
<br>
Mark<br>
On 6/5/13 5:19 PM, Peter Vessenes wrote:<br>
<span style="white-space: pre;">> So, this
<a class="moz-txt-link-freetext" 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. <br>
><br>
> 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>
><br>
> At any rate, it got me thinking, can we layer on revocability
somehow without any protocol change, as an opt-in?<br>
><br>
> 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. <br>
><br>
> 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.<br>
><br>
> 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.<br>
><br>
> 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.<br>
><br>
> Peter<br>
><br>
> -- <br>
><br>
> -------------------------<br>
><br>
> CoinLab LogoPETER VESSENES <br>
> CEO<br>
><br>
> *peter@coinlab.com <a class="moz-txt-link-rfc2396E" href="mailto:peter@coinlab.com"><mailto:peter@coinlab.com></a> * /
206.486.6856 / SKYPE: vessenes <br>
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><br>
><br>
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