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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;">&gt; 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>&nbsp;
      article got posted today, noting that FinCEN thinks irrevocable
      payments are money laundering tools. <br>
      &gt;<br>
      &gt; 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>
      &gt;<br>
      &gt; At any rate, it got me thinking, can we layer on revocability
      somehow without any protocol change, as an opt-in?<br>
      &gt;<br>
      &gt; 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>
      &gt;<br>
      &gt; 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>
      &gt;<br>
      &gt; 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>
      &gt;<br>
      &gt; 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>
      &gt;<br>
      &gt; Peter<br>
      &gt;<br>
      &gt; -- <br>
      &gt;<br>
      &gt; -------------------------<br>
      &gt;<br>
      &gt; CoinLab LogoPETER VESSENES <br>
      &gt; CEO<br>
      &gt;<br>
      &gt; *peter@coinlab.com <a class="moz-txt-link-rfc2396E" href="mailto:peter@coinlab.com">&lt;mailto:peter@coinlab.com&gt;</a> * /&nbsp;
      206.486.6856&nbsp; / SKYPE: vessenes <br>
      &gt; 71 COLUMBIA ST / SUITE 300&nbsp; /&nbsp; SEATTLE, WA 98104<br>
      &gt;<br>
      &gt;<br>
      &gt;<br>
      &gt;
------------------------------------------------------------------------------<br>
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      operations<br>
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      &gt;<br>
      &gt;<br>
      &gt; _______________________________________________<br>
      &gt; Bitcoin-development mailing list<br>
      &gt; <a class="moz-txt-link-abbreviated" href="mailto:Bitcoin-development@lists.sourceforge.net">Bitcoin-development@lists.sourceforge.net</a><br>
      &gt;
      <a class="moz-txt-link-freetext" href="https://lists.sourceforge.net/lists/listinfo/bitcoin-development">https://lists.sourceforge.net/lists/listinfo/bitcoin-development</a></span><br>
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