Author Topic: Sending to Wrong Name  (Read 7117 times)

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Offline NewMine

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Offline joele

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That's why it's better to unchecked the autocomplete receiver, because pasting sometimes the autocomplete selecting a different account name.

Offline AtomicBounce

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Would it be possible to allow creating verified accounts? For example, by having to prove ownership of a domain an account claims to be associated with?

Offline Method-X

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 +5%

Someday I'm sure this post will be legend. Like the 10,000 BTC pizza.

Offline bytemaster

Another one sent 100 000 BTSX!

Who are all these people sending 100 000 BTSX as easy as all that.. If my account alone has collected 200k BTSX by now, imagine how many wrong sends there have been in total. The majority probably to bad actors.

I suggest at least that the exchanges have their robot on full display.

With DEPOSIT LINKS!!!
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Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline donkeypong

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Wow. Even if that were the correct address, who is naive enough to think that Bter credits it to their account there?

Offline CLains

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Another one sent 100 000 BTSX!

Who are all these people sending 100 000 BTSX as easy as all that.. If my account alone has collected 200k BTSX by now, imagine how many wrong sends there have been in total. The majority probably to bad actors.

I suggest at least that the exchanges have their robot on full display.
« Last Edit: September 08, 2014, 10:22:13 pm by CLains »

Offline ripplexiaoshan

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Thumb up for you +5%
BTS committee member:jademont

Offline CLains

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hahaha, thanks for indulging me guys  :D

Offline testz

Naturally, being the awesome guy that I am I sent it all back :D
*confirmed* ... awesome guy :)

what should i say - awesome guy -  +5% 8)
Thats why i'm proud to be part of this amazing community
Confirmed - CLains awesome guy  :)
 +5% Thats why i'm proud to be part of this amazing community

Offline bitcoinerS

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 +5% Glad we have guys like Clains in the world.

Bitcoin had a guy who paid $5 million for some pizza. Clains might be the guy who gave $5 million back that was sent to the wrong address :)

 +5% This could be in history books one day :)
>>> approve bitcoiners

Offline Bitshark

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I can see sending to the wrong name being a big problem in the future. How can bitshares protect against this? My registered name for one only has 4 letters. Maybe the addition of a secret answer for the transaction or associated password?

Offline Empirical1

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I personally believe many online businesses and in future even my local restaurant/hardware store/plumber/individual users, when it comes time to pay by BTSX or BitUSD would prefer an account name that matches their business/taste and they would be willing to pay a small premium for it.

In my opinion that should be done using BitShares DNS. We can have our own version of BIP 0070 where we use the BDNS authentication capabilities rather than X.509 certificates, and instead of the merchant passing a unique payment address to the customer, they give the customer's client their BTSX account name and a short code to automatically include in the memo of the transaction(s).

Sounds good and I guess in the real world you wouldn't interact with the actual BTSX account name via point of sale devices either.
A good account name/email address is still desirable imo, but not a necessity unlike a web address.

However I don't see the downside to charging $0.1-0.25 for a BTSX account name myself.

Thank you so much for sending them back  :)

 +5% Glad we have guys like Clains in the world.

Bitcoin had a guy who paid $5 million for some pizza. Clains might be the guy who gave $5 million back that was sent to the wrong address :)


Offline kslavik

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Thank you so much for sending them back  :)

Offline toast

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I personally believe many online businesses and in future even my local restaurant/hardware store/plumber/individual users, when it comes time to pay by BTSX or BitUSD would prefer an account name that matches their business/taste and they would be willing to pay a small premium for it.

In my opinion that should be done using BitShares DNS. We can have our own version of BIP 0070 where we use the BDNS authentication capabilities rather than X.509 certificates, and instead of the merchant passing a unique payment address to the customer, they give the customer's client their BTSX account name and a short code to automatically include in the memo of the transaction(s).

 +5%
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline arhag

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I personally believe many online businesses and in future even my local restaurant/hardware store/plumber/individual users, when it comes time to pay by BTSX or BitUSD would prefer an account name that matches their business/taste and they would be willing to pay a small premium for it.

In my opinion that should be done using BitShares DNS. We can have our own version of BIP 0070 where we use the BDNS authentication capabilities rather than X.509 certificates, and instead of the merchant passing a unique payment address to the customer, they give the customer's client their BTSX account name and a short code to automatically include in the memo of the transaction(s).

Offline donkeypong

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Very, very good of you!

Offline Empirical1

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this particular dev's opinion is "BTSX namespace is ruined and that's ok". We have another DAC for that. What is your opinion about the state of gmail's namespace?

I may have misinterpreted the question.

Gmail, can no longer market convenient user accounts as a primary selling feature as the majority of favourable account names have been taken. If micro-payments were possible and a new significant mail service was launched, I think there would be some value in monetising certain forms of account names even for an email address, particularly for businesses. (As they use them to interact with customers)

As demonstrated by your concern about people sending funds to Toast by mistake. Canonizer wanting their account name. & the problem demonstrated in practice with people sending funds to the incorrect Bter in this thread, I personally believe BTSX account names have more value than say Gmail. (Again as they use them to interact with customers, and for money in this case, like bter, unlike Riverheads Scottrade name.)

I personally believe many online businesses and in future even my local restaurant/hardware store/plumber/individual users, when it comes time to pay by BTSX or BitUSD would prefer an account name that matches their business/taste and they would be willing to pay a small premium for it.

I also think we can market it as a unique feature for the first 24 months that a lot of favourable account names are available, but a $5000 attack could damage that and leave us with about the same level of account names you could expect to get if you signed up for a gmail account today. Ie. Toast7391@gmail.com  Which is why I think raising the cost to $0.1-0.25 is good idea.

Edit: I think I read that this can be mitigated some other way though, I forget.

It's just my opinon. 

« Last Edit: August 18, 2014, 07:30:15 pm by Empirical1 »

Offline cass

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Naturally, being the awesome guy that I am I sent it all back :D
*confirmed* ... awesome guy :)

what should i say - awesome guy -  +5% 8)
Thats why i'm proud to be part of this amazing community
█║▌║║█  - - -  The quieter you become, the more you are able to hear  - - -  █║▌║║█

Offline Riverhead

.... What is your opinion about the state of gmail's namespace?
well played :)


 +5%  guess it's a matter of having the right paradigm. You should see my Scottrade account "name"  :-\ .

Offline xeroc

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.... What is your opinion about the state of gmail's namespace?
well played :)

Offline toast

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this particular dev's opinion is "BTSX namespace is ruined and that's ok". We have another DAC for that. What is your opinion about the state of gmail's namespace?
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline Riverhead

Opinions seem to be mixed on the name issue. Names are not transferable but we may at some point have the ability to revoke a name. There has also been talk of a maintenance requirement to stop a name from becoming automatically revoked. I'm sure this is debated by the devs as well.

Offline Empirical1

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de-registration would be nice, but it would make trading names easier  :-\
Won't happen .. every .. already discussed issue :)

I think they should at least raise the cost of registering a name to $0.1-$0.25.
It seems one of our key selling points is easy account names, but at less than $0.01 per name, you can take out 5 million names for $50k and significantly damage that selling point on our blockchain.

I've been told by the BitShares devs though that '*I* should stop acting like names have value'
So I'm probably wrong on this one.

Edit: My maths was wrong I think a name is only $0.001 so you can take out 5 million names with $5000?
« Last Edit: August 18, 2014, 03:09:18 pm by Empirical1 »

Offline tonyk

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de-registration would be nice, but it would make trading names easier  :-\
Won't happen .. every .. already discussed issue :)

What will not happen - trading or deleting account?
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline tonyk

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tonyk I have a couple names I registered by mistake too in the excitement of the name rush. If it's not too much trouble you should add those accounts back to your hot wallet and see if they have a balance. It'd be easy to send the funds back to the sender because you'll see their name in the transaction history. They may not frequent the forum and just think they lost their funds.


Good on you for coming forward and explaining the chain of events. When I saw all the bter's registered I was pretty disappointed in my fellow humans. As I've come to learn they were either mistakes or a trusted person looking to cover other people's back sides it made me feel a lot better :).

Good Idea BUT:
I have to first figure out safe and yet working way to move just one account (I removed those 8 or 10 accounts from my wallet for a reason),and not the whole wallet. I am experiencing now some 'lost funds' issues related (I am guessing here) to 'not correctly' moving just one account from an old wallet to a new one.(see here: https://bitsharestalk.org/index.php?topic=7049.0)

edit cass: updated IP to forum URL
« Last Edit: August 18, 2014, 07:11:36 pm by cass »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Empirical1

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Offline xeroc

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de-registration would be nice, but it would make trading names easier  :-\
Won't happen .. every .. already discussed issue :)

Offline CLains

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de-registration would be nice, but it would make trading names easier  :-\

Offline Riverhead

tonyk I have a couple names I registered by mistake too in the excitement of the name rush. If it's not too much trouble you should add those accounts back to your hot wallet and see if they have a balance. It'd be easy to send the funds back to the sender because you'll see their name in the transaction history. They may not frequent the forum and just think they lost their funds.


Good on you for coming forward and explaining the chain of events. When I saw all the bter's registered I was pretty disappointed in my fellow humans. As I've come to learn they were either mistakes or a trusted person looking to cover other people's back sides it made me feel a lot better :).

Offline tonyk

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So a couple of weeks ago I registered a few misspelled vesions of "btercom" in a stroke of insight as bter take deposits to that address.

At the time I rationalized the squatting-action thinking it would be better for a person of some reputation in this community to take the names,
rather than giving up this insight to people who might try to profit from the mistake of some poor soul and the foolishness of bter judgement.

Well today just now.. Someone actually sent me 100 000 BTSX.

This of course is exactly what I and all the other cold blooded squatters of bter-like account names realized would happen.

Naturally, being the awesome guy that I am I sent it all back :D

tl;dr: I am a vain hero who fights squatters with squatting.

A couple of weeks ago I registered a misspelled version of "bter" also, but my story is longer and is the result of mistakes/faults of several parties (me  being the main one to blame).

If any of you remember bter first published public key and not an address for deposits.
Being the stupid me I try sending to the key, but as one would expect it did not work. So I read the forums and learned that I have to have local account. So, I decided what better name for bter deposit account than 'bter-deposit'. So I chose that. The next thing I tried sending money to this local account - no luck, the client kept changing the name to 'aaaaaaaaaaaaaaaaa' (hint - guess who's account is that).

Fairly aggravated, I came to the 'brilliant' idea that maybe if I register it, it might just work (stupid I know!).Plus what is to loose if it does not work I will just delete it... You can guess the end of the story... The system does not include such a feature (yet)....

So due to my stupidity, bter registering  account names with questionable value and the system missing some basic functionality ('No, deleting account names is not basic? OK, the system missing advanced functionality, as deleting account names for example") you have me 'owning' this account.

Now the important part - If you send to that address by mistake - either PM me or post in the forum! I do not have the said account in my active wallet anymore! If you make a mistake I will have to find the back up and import it in my current wallet!

So, in short , I can not claim high character as CLains  - I am squatting because I can not stop  squatting
 
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Riverhead


Offline xeroc

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Naturally, being the awesome guy that I am I sent it all back :D
*confirmed* ... awesome guy :)

Offline CLains

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So a couple of weeks ago I registered a few misspelled vesions of "btercom" in a stroke of insight as bter take deposits to that address.

At the time I rationalized the squatting-action thinking it would be better for a person of some reputation in this community to take the names,
rather than giving up this insight to people who might try to profit from the mistake of some poor soul and the foolishness of bter judgement.

Well today just now.. Someone actually sent me 100 000 BTSX.

This of course is exactly what I and all the other cold blooded squatters of bter-like account names realized would happen.

Naturally, being the awesome guy that I am I sent it all back :D

tl;dr: I am a vain hero who fights squatters with squatting.