@kugiigi said in OpenStore payment system discussion:
Anyway, my concern right now is what's in the poc app? I'm not accusing anyone but we are mostly people who met in the internet and what if people who tries the poc actually input their payment details? How secure is the site and what does it actually do? Sorry if this was a stupid concern. It's just the first thing that came to mind
Your concerns are very valid, but it is designed so that the user does not need to put any data from him/her into the app. The user will see an address and can use any Litecoin wallet (another program or website) to send something to this address.
The server for open-store-payment-poc will now check the block chain, if any payment went to the given address (the sender and receiver are unknown, but every transfer to every address is known to everyone, this is how the block chain works).
You will always get a new address, when you click on "Buy" (needs some time and maybe sometimes fails, because the server hardware is not the best and my code for this proof of concept could be improved, it should only show that it can work). But every address always points to the same wallet (in this case my wallet, but it could also be the wallet of someone else for some other app).
@kugiigi said in OpenStore payment system discussion:
There's just so many things involved and not just technical but also legal matters.
The main idea here is: The OpenStore would not need to process the the payment, because it is done by multiple third parties (people who mine Litecoin or who have Litecoin nodes) and the OpenStore only provides an address and looks if there is anything transferred to that address. But the developer would probably need to take care of legal matters as taxes when he receives Litecoin to his wallet or later transfers them into "normal" money.
And just to be clear: Litecoin was chosen here as one of many possible solutions, because it works and is well established. I could have also chosen Bitcoin, but the confirmation times and the fees are lower with Litecoin.