What is Veribit?
VeriBit is a feature that allows people to use/spend VeriCoins anywhere that Bitcoins are accepted. Here is a desktop video of me using the current implementation to buy a Papa Johns Pizza gift certificate:
http://youtu.be/PLuBgdQJ6NQI don't see how is that special at all...
I can always exchange VeriCoin on a legit exchange and pay with BTC from there...and do it faster...
Do you gain interest on said btc? How about fees? Speed of transaction for delivery to other exchanges? Did you account for all that?
Lol, we are talking about <0,1% fees.
I'm all good with that fees for 100% price transparency.
Thanks
You have another layer of verisend, so veribit with verisend means: buying everywhere with VRC where BTC is accepted directly, using anonymous transaction.
Paying directly from the exchange is already 100% anonymous since nobody can link that payment to any of my personal information, so this gets out of question from the start.
What are you doing than in altcurrency section? you are in the wrong section of forums here than.
And of course, exchange have logs (zero anonymous, they have your IP's, email, personal data, all of your transaction.... doing from your wallet there's no logs. And all transaction can be traced to exchange via blockchain, and exchange have logs, binding transaction directly to your account in exchange.
Ip
IP can be traced to you ISP provider, ISP provider have your address and all the data the need to know who you are. But is enough, to trace your transaction from exchange to antoher exchange to BTC account, where you transfer BTC for FIAT and viceversa. There they got your account number and for sure your address.