đź“… Original date posted:2022-12-03
đź“ť Original message:The statistics that I have stated are based on trxs that rely on our tool.
They are not overstated, this is a reflection of the 0conf market on BTC.
They are trxs which our clients query via the API and which I clients pay
subscription for.
There is no point for clients to send us trxs they don’t want or need our
response from. We are a B2b provider so we are not sure how and who the end
users and applications are.
Coinify definitely doesn’t send us all their traffic, as I would think some
of our other clients.
Here is some external confirmation a bit old though but still-
https://blog.coinpayments.net/news-features/gap600
You can also see our video of Coinspaid using our service on our site - all
our Marcom is a bit old.
We service primarily payment processors and liquidity providers and not end
merchants so I can’t say how and to who end clients implement it.
If AML/KYC was enough to prevent double spends all exchanges would offer
0conf.
I don’t know the split with our clients as it’s non of our business but
definitely a significant amount of end users are not Kyced for the trxs.
Best would be to try and talk to some of our major clients - ie
Coinpayments, Coinspaid and Coinify.
On Sat, 3 Dec 2022 at 14:12 Peter Todd <pete at petertodd.org> wrote:
> On Sat, Dec 03, 2022 at 01:01:16PM +0200, Daniel Lipshitz wrote:
> > Shapeshift used to be clients in fact one of our first when we started in
> > 2016.
> >
> > They no longer use our service but from time to time use us for fee
> > recommendations. So we actually should remove their logo as a current
> > client.
>
> Yes you should. When did ShapeShift stop using your service? Did they
> explain
> why?
>
> > If you wish to test it out try find a merchant using Coinpayments or
> > Coinspaid.
> >
> > Also some of our non custodial liquidity providers offer service no
> > custodial wallets. I am not sure which.
>
> I see that you also advertise that Gap600 is "Trusted by" Coindirect and
> Coinify, both AML/KYC crypto exchanges. Obviously, with full AML/KYC
> double-spends are not much of a concern. And it's not even clear that
> either accepts zeroconf anyway, as I'll explain later.
>
> On this list you claimed that:
>
> > 1. As of end of Nov 2022 - GAP600 has processed i.e responded to circa
> > 15M transactions
> > 2. These transactions have a cumulative value of 2.3B USD value.
> > 3. We currently are seeing circa 1.5M transactions queired per month.
>
> What's the value and number of transactions that *actually* rely on your
> unconfirmed transaction tools? The only category that would apply for is
> goods
> provided immediately and irrovocably, without AML/KYC. Because it sounds
> like
> these figures may be significantly overstated.
>
>
> Re: CoinsPaid, what you say here makes it also sound like it relies on
> AML/KYC:
>
> > CoinsPaid applies a special software tool across its solutions to conduct
> > stringent KYC procedures and a risk-based approach to CDD that verify
> user
> > identities to mitigate fraud, money laundering and other activities
> linked to
> > criminality and terrorism.
> https://www.gap600.com/uncategorized/coinspaid/
>
> Re: Coindirect, the documentation I can find appears to say that
> confirmations
> are required before you can use coins deposited into Coindirect:
>
> > Digital currency transactions must be confirmed on the relevant network
> block
> > before they are considered valid. Only once confirmed, will you be able
> to
> > use the coins deposited in your Coindirect wallet.
>
> https://help.coindirect.com/hc/en-us/articles/115002441974-How-quickly-can-I-use-coins-deposited-into-my-Coindirect-wallet-
>
> This is repeated here as well:
> https://help.coindirect.com/hc/en-us/articles/4409120006546--Deposits-
>
> Re: Coinify, the API docs don't give any indication of risk scoring or any
> other Gap600 integration:
>
> https://merchant.coinify.com/docs/api/#payment-object
>
> --
> https://petertodd.org 'peter'[:-1]@petertodd.org
>
--
________________________________
Daniel Lipshitz
GAP600
www.Gap600.com
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20221203/138ef429/attachment-0001.html>;
Daniel Lipshitz [ARCHIVE] /
npub1t9…fg2yy
2023-06-07 23:17:14
in reply to nevent1q…77fj
Author Public Key
npub1t97ak5ltnq0v72nv4jssnhw0fr09axwqvc20623jfdnvrajae7nqufg2yyPublished at
2023-06-07 23:17:14Event JSON
{
"id": "89cd2c116d3c4f2cf553eb6536420151c2b634aa64968eb9356b0eca7b6519b0",
"pubkey": "597ddb53eb981ecf2a6caca109ddcf48de5e99c06614fd2a324b66c1f65dcfa6",
"created_at": 1686179834,
"kind": 1,
"tags": [
[
"e",
"b9aae54f80c20d3478c9cc7678b36901aa6558f8fda81676c267fa0e16d559c6",
"",
"root"
],
[
"e",
"5509d879c2c3796d74ff8780122a4e3dd8bfc651c6e14812983e8cef063fd35b",
"",
"reply"
],
[
"p",
"daa2fc676a25e3b5b45644540bcbd1e1168b111427cd0e3cf19c56194fb231aa"
]
],
"content": "📅 Original date posted:2022-12-03\n📝 Original message:The statistics that I have stated are based on trxs that rely on our tool.\nThey are not overstated, this is a reflection of the 0conf market on BTC.\n\nThey are trxs which our clients query via the API and which I clients pay\nsubscription for.\n\nThere is no point for clients to send us trxs they don’t want or need our\nresponse from. We are a B2b provider so we are not sure how and who the end\nusers and applications are.\n\nCoinify definitely doesn’t send us all their traffic, as I would think some\nof our other clients.\n\nHere is some external confirmation a bit old though but still-\nhttps://blog.coinpayments.net/news-features/gap600\nYou can also see our video of Coinspaid using our service on our site - all\nour Marcom is a bit old.\n\nWe service primarily payment processors and liquidity providers and not end\nmerchants so I can’t say how and to who end clients implement it.\n\nIf AML/KYC was enough to prevent double spends all exchanges would offer\n0conf.\n\nI don’t know the split with our clients as it’s non of our business but\ndefinitely a significant amount of end users are not Kyced for the trxs.\n\nBest would be to try and talk to some of our major clients - ie\nCoinpayments, Coinspaid and Coinify.\n\n\n\nOn Sat, 3 Dec 2022 at 14:12 Peter Todd \u003cpete at petertodd.org\u003e wrote:\n\n\u003e On Sat, Dec 03, 2022 at 01:01:16PM +0200, Daniel Lipshitz wrote:\n\u003e \u003e Shapeshift used to be clients in fact one of our first when we started in\n\u003e \u003e 2016.\n\u003e \u003e\n\u003e \u003e They no longer use our service but from time to time use us for fee\n\u003e \u003e recommendations. So we actually should remove their logo as a current\n\u003e \u003e client.\n\u003e\n\u003e Yes you should. When did ShapeShift stop using your service? Did they\n\u003e explain\n\u003e why?\n\u003e\n\u003e \u003e If you wish to test it out try find a merchant using Coinpayments or\n\u003e \u003e Coinspaid.\n\u003e \u003e\n\u003e \u003e Also some of our non custodial liquidity providers offer service no\n\u003e \u003e custodial wallets. I am not sure which.\n\u003e\n\u003e I see that you also advertise that Gap600 is \"Trusted by\" Coindirect and\n\u003e Coinify, both AML/KYC crypto exchanges. Obviously, with full AML/KYC\n\u003e double-spends are not much of a concern. And it's not even clear that\n\u003e either accepts zeroconf anyway, as I'll explain later.\n\u003e\n\u003e On this list you claimed that:\n\u003e\n\u003e \u003e 1. As of end of Nov 2022 - GAP600 has processed i.e responded to circa\n\u003e \u003e 15M transactions\n\u003e \u003e 2. These transactions have a cumulative value of 2.3B USD value.\n\u003e \u003e 3. We currently are seeing circa 1.5M transactions queired per month.\n\u003e\n\u003e What's the value and number of transactions that *actually* rely on your\n\u003e unconfirmed transaction tools? The only category that would apply for is\n\u003e goods\n\u003e provided immediately and irrovocably, without AML/KYC. Because it sounds\n\u003e like\n\u003e these figures may be significantly overstated.\n\u003e\n\u003e\n\u003e Re: CoinsPaid, what you say here makes it also sound like it relies on\n\u003e AML/KYC:\n\u003e\n\u003e \u003e CoinsPaid applies a special software tool across its solutions to conduct\n\u003e \u003e stringent KYC procedures and a risk-based approach to CDD that verify\n\u003e user\n\u003e \u003e identities to mitigate fraud, money laundering and other activities\n\u003e linked to\n\u003e \u003e criminality and terrorism.\n\u003e https://www.gap600.com/uncategorized/coinspaid/\n\u003e\n\u003e Re: Coindirect, the documentation I can find appears to say that\n\u003e confirmations\n\u003e are required before you can use coins deposited into Coindirect:\n\u003e\n\u003e \u003e Digital currency transactions must be confirmed on the relevant network\n\u003e block\n\u003e \u003e before they are considered valid. Only once confirmed, will you be able\n\u003e to\n\u003e \u003e use the coins deposited in your Coindirect wallet.\n\u003e\n\u003e https://help.coindirect.com/hc/en-us/articles/115002441974-How-quickly-can-I-use-coins-deposited-into-my-Coindirect-wallet-\n\u003e\n\u003e This is repeated here as well:\n\u003e https://help.coindirect.com/hc/en-us/articles/4409120006546--Deposits-\n\u003e\n\u003e Re: Coinify, the API docs don't give any indication of risk scoring or any\n\u003e other Gap600 integration:\n\u003e\n\u003e https://merchant.coinify.com/docs/api/#payment-object\n\u003e\n\u003e --\n\u003e https://petertodd.org 'peter'[:-1]@petertodd.org\n\u003e\n-- \n________________________________\nDaniel Lipshitz\nGAP600\nwww.Gap600.com\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20221203/138ef429/attachment-0001.html\u003e",
"sig": "edd6985d1a84b5b043365f4cca05df4d7cdd45b6cd682b9c3106c71e7f6e952fd6ce86fd1406563a9559848b762c727c302c8fcf9ffb60575d6b12e1497844d6"
}