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Subject: Re: [Bitcoin-development] BIP70 proposed changes
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--089e0115fa16f997ec04f2b56d70
Content-Type: text/plain; charset=ISO-8859-1
Any possibility of a UNIX UTC timestamp field in the customer payment
message?
For many transactions, the exact time of payment is when it is 'made' by
the customer and not when 'requested' by the retailer or later mined. The
blockchain time is an aggregate for the block and can differ significantly
from transaction time so its value is limited.
Small slices of time can greatly impact the transaction value. If we are
ultimately taxed as a currency, an exact time will for the transaction will
impact US GAAP accounting and the transaction's tax accounting. A time
field may also support 'first come first served' retailer programs and time
sensitive promotions.
--089e0115fa16f997ec04f2b56d70
Content-Type: text/html; charset=ISO-8859-1
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr"><span style=3D"font-family:arial,sans-serif;font-size:19.3=
3333396911621px">Any possibility of a UNIX UTC timestamp field in the custo=
mer payment=A0</span><span style=3D"font-family:arial,sans-serif;font-size:=
19.33333396911621px">message?</span><div>
<span style=3D"font-family:arial,sans-serif;font-size:19.33333396911621px">=
<br></span></div><div><span style=3D"font-family:arial,sans-serif;font-size=
:19.33333396911621px">For many transactions, the exact time of payment is w=
hen it is 'made' by the customer and not when 'requested' b=
y the retailer or later mined. The blockchain time is an aggregate for the =
block and can differ significantly from transaction time so its value is li=
mited.</span></div>
<div><span style=3D"font-family:arial,sans-serif;font-size:19.3333339691162=
1px"><br></span></div><div><span style=3D"font-family:arial,sans-serif;font=
-size:19.33333396911621px">Small slices of time can </span><span style=3D"f=
ont-family:arial,sans-serif;font-size:19.33333396911621px">greatly impact t=
he transaction value. =A0If we are ultimately taxed as a currency, an exact=
time will for the transaction will impact US GAAP accounting and the trans=
action's tax accounting. A time field may=A0</span><span style=3D"font-=
family:arial,sans-serif;font-size:19.33333396911621px">also support 'fi=
rst=A0</span><font face=3D"arial, sans-serif"><span style=3D"font-size:19.3=
3333396911621px">come first served'=A0</span></font><span style=3D"font=
-family:arial,sans-serif;font-size:19.33333396911621px">retailer programs</=
span><span style=3D"font-family:arial,sans-serif;font-size:19.3333339691162=
1px">=A0</span><font face=3D"arial, sans-serif"><span style=3D"font-size:19=
.33333396911621px">and time sensitive=A0promotions</span></font><span style=
=3D"font-family:arial,sans-serif;font-size:19.33333396911621px">.</span></d=
iv>
<div class=3D"gmail_extra"><br></div></div>
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