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Subject: [Bitcoin-development] BIP: Custodial Identities
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--047d7b3a87608212c40501064a34
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As suggested before submitting a BIP, I am sending this to the mailing list=
.
Bitcoin is often described as =E2=80=9Cthe currency of the Internet=E2=80=
=9D, =E2=80=9Cthe TCP/IP
of money=E2=80=9D, or simply =E2=80=9Cthe Internet of Money=E2=80=9D. What =
is needed is an optional
identity layer =E2=80=94 a Bitcoin Assigned Custodial Identities Authority,=
much
like the Internet Assigned Numbers Authority, to oversee global Custodial
Identity allocation. Such an authority delegates Custodial Identity Spaces
to Regional Bitcoin Custodial Identity Registries, much like the RIRs
(Regional Internet Registries) managing the allocation of Internet number
resources.
A Bitcoin Custodial Identity (BCI) account address would consist of a
Custodial Identifier allocated by the BACIA/RBCIRs (much like a bank=E2=80=
=99s
routing number), and an account address (much like an account number).
Bitcoin Custodial Identities allow dispute resolution in the legal system
for transactions in the BCI address space. Free market would drive and
determine the demand for custodial accounts. P2PKH users not affected.
Feedback is appreciated.
--047d7b3a87608212c40501064a34
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr">
<p class=3D"MsoNormal">As suggested before submitting a BIP, I am sending t=
his to
the mailing list.</p><p class=3D"MsoNormal"><br></p>
<p class=3D"MsoNormal" style=3D"text-indent:0.5in">Bitcoin is often describ=
ed as =E2=80=9Cthe
currency of the Internet=E2=80=9D, =E2=80=9Cthe TCP/IP of money=E2=80=9D, o=
r simply =E2=80=9Cthe Internet of
Money=E2=80=9D. What is needed is an optional identity layer =E2=80=94 a Bi=
tcoin Assigned Custodial
Identities Authority, much like the Internet Assigned Numbers Authority, to=
oversee
global Custodial Identity allocation. Such an authority delegates Custodial=
Identity
Spaces to Regional Bitcoin Custodial Identity Registries, much like the RIR=
s
(Regional Internet Registries) managing the allocation of Internet number r=
esources.</p>
<p class=3D"MsoNormal" style=3D"text-indent:0.5in">A Bitcoin Custodial Iden=
tity (BCI) account
address would consist of a Custodial Identifier allocated by the BACIA/RBCI=
Rs
(much like a bank=E2=80=99s routing number), and an account address (much l=
ike an account
number). Bitcoin Custodial Identities allow dispute resolution in the legal
system for transactions in the BCI address space. Free market would drive a=
nd
determine the demand for custodial accounts. P2PKH users not affected.</p><=
p class=3D"MsoNormal" style=3D"text-indent:0.5in"><br></p>
<p class=3D"MsoNormal">Feedback is appreciated.</p>
<br><span style=3D"font-size:11pt;line-height:107%;font-family:"Calibr=
i","serif""></span></div>
--047d7b3a87608212c40501064a34--
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