Quote from: gweedo on March 23, 2014, 06:15:11 AM

Quote from: BitEscrow on March 23, 2014, 05:55:09 AM

Quote from: gweedo on March 23, 2014, 05:48:57 AM

Quote from: BitEscrow on March 23, 2014, 05:44:38 AM

That puts it in a category of protection, as companies trading options or derivatives don't hold to commodity centrally they have a broker, or separate bank or service hold their assets knowing they can DO MORE TO PROTECT them.

Yes but those services all have legal contracts and follow strict rules to hold those commodities. Also I have work with hedge funds to secure their bitcoin holdings and while legally I can't comment how I did it or what software was used. They didn't rely on a company they knew that wasn't how bitcoin works.

Yes, but addressing your earlier comments. Saying no one will use us is a defamation, and is against all bitcoin stands for. Free market and making your own choice. I've worked with local businesses pitching this and introducing them to bitcoins along the way. Most of them hire 16-18 year olds, so how can they trust these guys? You just mentioned it is bad to trust someone with your coins, so using your own words against you how can they know those kids won't steal their coins? It would be hypocritical at this point to try to answer that. Something has to be done to protect the shop owners.

Actually you could just use a public address, and the kids don't need the private key to that address. So right there I solved it and that is how many bitcoin POS systems will work. Bitcoin actually gives you this greater control over what people can take since it is push and not pull.

I am not saying no one will you use, it would be stupid to use a service like this. It is too much risk and you are selling on misinformation.

  Facebook was stupid until people used it. We can stop this right here.

   Misinformation, I have no idea where you pulled this from. So we can stop this right here.

   Greater control yes, this is a security related project, and as seeing as you claim hedge funds used you what would stop me from going to the same hedge funds a pitching this to them? Nothing. It would be just as easy to set this up, as it would be to hire someone such as yourself. People use blockchain and have full control, people have cold storages and have no issues. We've made the hybrid.

   You've worked at hedge funds, you don't give your money to some random guy claiming he can do "magic". You find the medium and observe risk. Seeing this from your point of view we would be your competition. A service, offering what you have to offer to the masses.