Post
Topic
Board Press
Re: [2015-05-03] Virgin's PitchtoRich, LazyPay the only Bitcoin startup takes part
by
gweedo
on 03/05/2015, 15:44:00 UTC
Do you really want me to keep destroying your business? I will....

https://lazycoins.com/security

Quote
We will not be using TxID's to monitor withdrawals and we will be polling our databases for negative balances before allowing withdrawals.

UHMMM shouldn't you be monitoring your own balances for withdraws so you never double spend? That is what this sentences means, it means you that you keep all addresses in a database and you check them for transactions to build your own transaction right? Instead you should use a double edit system Wink  OR basically that sentence is BS cause why would you need to monitor transactions, the wallet you use would do that for you and you can just spend it, making sure that you keep all balances are kept in a database are correct.

Making you sound like this actually means something important....


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Our withdrawal system performs cryptographic audit of user balance before admin can manually approve all withdrawal requests.

How is this done? What mechanism are you using? Cause this again just you putting words to make it sound important. Shouldn't you perform a cryptographic audit for the public meaning that each user balance is whole? Plus this would prove that you are whole. Also cryptographic audit just for you would make no sense, you would know if the site is whole or not LMAO.


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Physical Security

Do you have a security guard or is it just a locked room? I am guessing it is a locked door that any bank theft can break thru Wink