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How, exactly, do you propose the buyer receive bitcoins without sharing his wallet address?
by sliverstorm 13y ago
How, exactly, do you propose the buyer receive bitcoins without sharing his wallet address?
- dully 13y agoIf the buyer is getting a wallet shipped on a USB drive then the seller doesn't need to know the buyer's wallet address.
- sliverstorm 13y agoThe seller can easily find out. Record the address of the wallet you put on the USB drive. Wait a week. Check out the block chain to see where the coins went from there. Nothing that happens on the bitcoin network is private. The best you can do is try to guard the points of entry and exit, and mailing a USB stick announces where you live.
- GhotiFish 13y agoAlso, the seller could just transfer the coins out of the wallet after he ships them. I can't see a way to prevent the seller from doing this. The USB drives and the paper wallets are meaningless. Only the transactions can be trusted.
- GhotiFish 13y agoI wasn't saying the buyer wouldn't have to share his wallets address normally. Of course the buyer must share his wallets address, but the caveat is that he must do so publicly so that everyone can see that he owns that wallet, so that everyone can see that he received that money. If the buyer didn't reveal his wallets address, he could claim that the seller owned the wallet where the bitcoins were transferred, or that they were transferred to someone else. There's no way of proving otherwise unless the buyer did something to tie the address to himself. (he bought some movie tickets and the theatre disclosed it was him, for example.) Of course, that's looking at it from a pragmatic view. As others have explained, payment services don't care at all about what's actually happening, only that what HAS happened fits protocol. So this won't matter until the world has come to terms with crypto-currencies.