To support MAXCAT development for P2P trust-based exchange standards. send 1 Satoshi to:
MtGox "unverified" my account's AML registration. I registered some domain names at domains4bitcoins and used the mtgox merchant check out. Now I can't withdraw USD or BTC
until I mail notarized and apostilled
ID docs. No more scanning and waiting 2 days. An apostille requries a 6-hr round-trip to the state capital or a $300 online service fee. To access my virtual currency in a distributed global economy...What happened?
CampBX had just added ACH bank withdrawals a few months ago. Now their ACH and wire transfer
provider has suspended service to CampBX. BTC-e refuses to work with US banks. The IRS has no clear tax guidance on virtual currencies. All this pushes the economic empowerment offered by virtual currencies farther and farther away from the individual by reducing accessibility and increasing barriers to entry for the small business.
People forget about the non-MVTE voting applications in MMC. For example, it can be used to show community support for anything the owner of the address states and valued based on community reputation. It can be used to create and/or promote "sub-memes" or individual campaigns for community involvement within MMC. It can also be used to show person-to-person "trust" or "approval" between individual accounts on the MMC blockchain.
I believe the MMC community should promote individual person-to-person exchanges and trades based on an individual's out-of-network trust in an address and in-network MMC network history. I believe we can develop standard community methods to build distributed trust and overcome "scammer FUD" and chargeback issues on a person-to-person scale.
For example, never sell virtual currency over paypal. If you buy, receive virtual first. We all know why, someone else write a wiki guide to explain to our newbs. But, personally, I think I would trust selling to FreeTrade in small amounts, relative to history and trust. I "know where he lives" - on this forum. I can vote publicly and raise a campaign to hassle him, etc. Or, someone could make a...ahem..."security deposit" with me, and the community or I could trust them to different degrees to say...mail an R9 290x with payment upon receipt (P2P MOD: MMC on Delivery). If I break that trust...they have both me and Freetrade to come blame
I propose a first step of posting some other ideas for "how would I trust Max with my MMC" exchange methods below. We could maybe develop a list of "P2P trust-based" problems and methods that an MMC "KYC" web development community could employ to overcome exchange and pool weaknesses, etc. We could assign an MMC address to vote for it and support further development - petition community development, etc.
I like the name: Max's Community Acceptable Trust Standards, or...MAXCATS
Reply below with ideas, or vote to show MAXCAT pride and promote community development.
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