Ok, so my understanding is that Multi-sig escrow can effectively provide the ability for a 'chargeback' in the case of a 2 of 3 wallet with one party being say, a Coinbase as the arbitrator. See the situation below assuming a 2 of 3 transaction with a theoretical merchant processor in the middle:

1.Alice wants to buy shoes and sees the shoes she wants on bob's online store
2.Alice send Bob 1 BTC
3.Bob see's the Payment and sends the shoes in the mail.
*Bob has not been paid yet as Coinbase need to sign it?*
4.Alice wants to return the shoes as they did not fit. Alice sends back the shoes.
5.After Bob confirms receipt of shoes Coinbase sign the transaction to reverse it and probably take a small fee.
6. Alice gets her money back and Bob takes a fee for the handling costs.

So.....Bob does not get actually get paid until step 6 correct? What if a merchant prices their goods in fiat (like everyone), if they the handling fee in BTC and the BTC price has dropped 20% they've lost out. Bob has to send the goods without actually receiving the payment?

Maybe I'm not explaining it correctly but how can Escrow function well if the funds are sitting there in BTC for an extended period of time, no merchant will use that.

Thanks for the feedback guys! So what would be some of the features you'd like to see in a hardware wallet? I assume any competitor would need to have the code Open Source'd like Trezor, perhaps bluetooth? Support for altcoins?

Hi all,

I am doing some research for a Bitcoin company that is interested with developing a hardware wallet to see if it has a viable market. Trezor has some traction, but perhaps only in the existing Bitcoin community. With things like Multi-sig popping up everywhere, do you think this negates some of the pressing need for Hardware wallets? Interested to hear your thoughts.

So we all know BTCjam. Ok cool it's a great idea, P2P loans anywhere in the world through Bitcoin etc. However as you may know, most people who have actually used BTCJam have been subject to a fairly high rate of delinquency even from people with 'B' and 'A' credit scores (myself included). Let's get some ideas flowing on the best way to incentivise good players in this system as It's the only way Bitcoin can really grow in this space. A company setting up such a service can't be expected to have a legal presence in nearly every jurisdiction in the world or if it limits it to certain countries it defeats the purpose of it all.

Ideas?

Very interesting project, looking to implement something like this in a P2P lending project I am considering doing. Keeping watch

Umm wtf BTCe does ask for identification......if you want to use their bank to deposit or withdraw they require it- also if you use the other services with deposit/withdraw e.g OKpay you need to verify with them before you can send money to them. I know. I've had to do it twice for them....

Crypto-only exchanges like cryptsy and mintpal will not because they dont need any banks or interface to the outside regulated world.

I'm doing some research for a friend and am looking for some numbers regarding customer sign ups per month at whatever bitcoin exchanges have released that data. I remember a while back someone like Bitstamp mentioned 'thousands' of new people signing up a month had caused a delay in verifications. Any more specific info out there on how many people are actually signing up to exchanges these days? That can mean new accounts or verification.

Count me in for 0.1BTC

How secure is Bitmessage? I like the idea of a decentralized messaging network in the wake of Lavabit. How come this isnt attracting more development?

Hi, is this project still alive? Looks great

Be interested to hear any updates on this project!

+1 Satoshi 4eva!

Brilliant!!! haha

So when they say trading fees are like 0.3% they're actually making 0.6% a trade?

There was a thread on the forums a while back that listed the security features every exchange should adhere to as a gold standard. Can anyone find it?

Mtgox need to f**k off and die. The sooner the better. It sucks people have money in there, but the warning signs have been on the wall for 6 months now....

I'd go, many of us aussies would aswell, love Queenstown and love NZ

Yeah it's always such a struggle with them. Finally transaction appeared on the blockchain 10minutes ago, so thats a 3 day withdraw time.

Luckily the market is rising now so they're appreciating in value, that is if I ever see them. Still no sign of them 2 days and counting now, no answer from support.

I have the same problem....I withdrew yesterday and it still hasnt arrived! nearly 24 hours now.....nothing. Not in the blockchain at all. 4.72BTC. This is ridiculous, Mtgox are so terrible..... support tickets go unanswered not even 'allocated' to a customer service rep yet.