The near future of Bitcoin
I give you a preview of what will come in the near future of bitcoin.The next version of Bitcoin (or rather, of the Protocol, because now we are developing many other numerous clients to meet these different rules ... a bit like many clients in a P2P network) system to support multiple signatures.
The system with multiple signatures will ensure that there is no longer needed the escrow, or almost.The escrow services are those services like paypal that the guarantor to make the transaction happen properly.
The system with multiple signature means that it can be something like:
1) I Facco request for a product / service for a total of bitcoin
2) Someone sees my request and accepts the offer
3) I will send my bitcoin with the new system
4) He will see that I sent bitcoins to his address, but are stuck on the p2p networks, without allowing him to access it (I can not access it)
5) To convert those bitcoin to crash, and get back to me, or get to him, will need further confirmation from one of the 2 parts.
6) If I do not receive the service, did not give further confirmation, and he will not receive bitcoin (I have them and I still lost, but there's another solution, which I'll talk about later)Or if he realizes he can not provide me the service, you can still give him a confirmation because bitcoin come back to me.
In addition to this there is the possibility of the third signature, ie the possibility to come into play an external arbiter, and impartial, acceptable to both.He'll decide where to send Bitcoin.This is the closest thing there is to service that makes paypal or similar but in fact it is only for extreme situations, and the fact is that money does not remain active on its behalf, would not gain anything from trying to keep him locked accounts and gaining interest.Not just a difference ;)However, this system will give the option of signing multiple markets give rise to p2p.
I do not know if you know the Osiris system, if you have something you should understand it.Imagine a p2p system where in fact you are sharing a single database.In this database all reports are signed with the usual double signature system.To access it you open a client as may be emule / bittorrent (or better yet precisely Osiris).Opened it would connect to the network to update the database.Once complete you will see reports of products / services for sale, as on ebay.
But in fact be completely decentralized.There will be no cost reporting, and no-cost transfers.No chance to block / censor certain sales.All without any link between IP and signaling.However, once you find the report you are interested in, and saw its price in Bicoins, you place yourselves in agreement with the seller and follow the procedure described above in 6 steps.
If the purchase goes wrong, you can very well give a negative evaluation to the seller.Your assessment of negative (or positive) will end up with the others.To which the database will include obviously a score for all sellers
When you open your p2p client, in addition to the various offerings, you will find their scores.You can choose in addition to prices, although the validity of a seller, and even better to avoid disappointments.
That's what probably this year. (Perhaps December 1)This is just the beginning ;)
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