Trust is when one party relies upon the representations made by another party such that the relying party would be harmed if the representations were inaccurate. Trust exists between users of crypto-currencies and the developers of the software they use, between mining pool managers and their ...
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0answers
29 views
Has anyone used Buybitcoinaustralia.com? [closed]
I am relativity new to bit coins. I have used spendbitcoins.com before but today I found a site buybitcoinaustralia.com. They have the cheapest fee I have seen around and claim that I can do the whole ...
2
votes
1answer
137 views
How can we trust big exchanges? [closed]
After reading the question
What are ways a BTC Exchange could steal from its customers, and how can they protect themselves?, it would seem that you can't really trust the big exchanges (or anyone) ...
2
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1answer
68 views
Mediated transfer of funds between three parties
Alice wants Bob to transfer 10btc to Carol, and is willing to pay Bob 11btc for the transfer.
They both entrust Trent to mediate the transaction, and Alice is willing to pay Trent 1btc as commission.
...
2
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1answer
68 views
Is it possible to see how much trust a certain wallet/user has extended in Ripple?
I can use the Ripple Live Network graph to see the balances of any given wallet on Ripple, but in order to know whether to trust someone (even a close friend), I might want to know how much trust they ...
3
votes
1answer
90 views
Is Trust public in Ripple?
If I trust someone, does everybody see exactly how much I trust them?
At some point, a public directory of Ripple addresses might emerge, and people will know exactly how much their friends trust ...
9
votes
4answers
279 views
What happens when a gateway on the Ripple network defaults or simply vanishes?
What happens when a gateway on the Ripple network defaults or simply vanishes? Do people that got their money from it lose that money, do other gateways honour the IOUs issued by that gateway still, ...
2
votes
1answer
69 views
How does a gateway IOU differ from any other IOU on the Ripple network?
How does a gateway IOU differ from any other IOU on the Ripple network? Say, if I got a $1000 from a gateway, does that make it a better currency than say, creating a second account and sending myself ...
2
votes
2answers
102 views
Does sending non-ripple-money through Ripple require two people to be connected through a web of trust?
Say we have two people - first one puts some money into their Ripple address through a use of a gateway. They are not trusting anyone on the network, but need to send their money to a second party ...
6
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1answer
128 views
Vouching for (or against) the reputation of a bitcoin user
Since it's possible to link non obfuscated transactions to a "user" does is make sense, or it is possible for anonymized users with an established transaction history to "vouch" for another?
I'm ...
2
votes
1answer
101 views
Does a low profit margin on mining reduce the integrity of the blocks stored in the transaction history?
As the mining Bitcoin payout decreases from 50 to zero, what incentive is there for miners to continue operating?
Is there a need for miners to continue to operate when the payout decreases to zero?
...
4
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1answer
133 views
How to implement a green address in Bitcoind?
There are a few websites that use green addresses, but how can one go about implementing it using the standard Bitcoin API?
6
votes
2answers
421 views
What are the most notable cases of Bitcoin scams?
Bitcoins can be easily used to scam people out of their money due to the inability to perform charge-backs. What are the most notable cases of Bitcoin scams that are known?
5
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3answers
5k views
How can one download the initial Blockchain data files securely?
I see several sources for binary downloads of the Bitcoin blockchain. Can any of these be used securely?
2
votes
1answer
436 views
Using Bitcoin contracts to run a betting site without the need for deposits?
There are a couple of bitcoin betting sites, but they all seem to require making a deposit with them. Is it possible to somehow use the Bitcoin contract system to establish a distributed betting pool? ...
4
votes
5answers
248 views
Anonymity versus trust
Bitcoiners seem to love to talk about anonymity. But to me, anonymous transactions are far from Bitcoin's greatest strength. And to some, the need for high anonymity is the first sign that someone is ...
11
votes
1answer
3k views
MtGox - trusted vs verified
What is the difference between a "trusted", "verified" and other accounts at MtGox? In order to get "verified", one needs to provide them with photo ID and utility bill, but how does one get ...
9
votes
4answers
921 views
Do we know enough about Casascius to trust their physical coins in the long run?
Casascuius offers an attractive product, a physical coin storing a private key. From a CNET article and the website itself, we learn the company is run by
Mike Caldwell, 2901 Little Cottonwood ...
8
votes
3answers
549 views
If there is no one company behind bitcoin, who controls it? [duplicate]
"If there is no one company behind bitcoin, who controls it?" This is the question that many people new to bitcoin ask. What is the best way to convey to them how bitcoin works, and in a way that can ...
3
votes
6answers
1k views
A list of trusted Bitcoin websites?
Is there some trusted website that maintains a list of Bitcoin-related websites and their reputation? For example, if I wanted to check if betsofbitco.in is a legitimate websites (it pays rewards ...
7
votes
2answers
227 views
How should one try verifying to whom a given Bitcoin address belongs?
Lets say, I'd have a website that shows a large number of Bitcoin public addresses, and wanted to give option for anyone that owns a given address to verify it automatically.
Assuming that one ...
7
votes
3answers
1k views
Who controls Solidcoin's special millionaire accounts?
Solidcoin takes the following approach to preventing the 51% attack:
As with existing cryptocurrencies, SolidCoin 2.0 stores transactions in a "block chain" which is essentially what it sounds ...
10
votes
2answers
233 views
Can Bitcoin technology be leveraged to implement a decentralized trust system (i.e. a replacement to SSL)?
Like Namecoin is intended to replace / augment DNS, can the Bitcoin principles / protocol be extended to support a distributed "trust" mechanism, in a way that no central authority will need to be ...
27
votes
3answers
2k views
Who runs www.bitcoin.org?
The original client that can be downloaded from www.bitcoin.org is often referred to as the "official client". Similarly many regard www.bitcoin.org as the "official homepage" of the project. So, who ...
13
votes
5answers
1k views
Which Bitcoin escrow services are available - and reliable?
For some transaction, the possibility of generating "chargebacks" might be very useful. For example, when trust cannot be established between both parties. In such cases, a trusted third party may be ...
