Quote from: FrozenBit on June 09, 2014, 02:53:40 PM

Quote from: franky1 on June 09, 2014, 02:04:46 AM

all that is needed is services or even simple code to make a signed TX.. then the only thing that is needed to do online

i understand this. but for multisig, the user has to remember/use atleast two long entropy keys to be able to use coins

the thing that i find funny is that frozenbit does the generating of the 3 keys and gives them to users.. which i find less secure and less user friendly than simply allowing me to use my own privkey offline, which is also easier to input and keep safe.

I would like to state to franky you've made that comment days before we've given information on the service. Therefore I'd like to digress from the assumption we make keys, as it's all done client side. The fundamental flaw in you idea is you have to actively have your key stored. Since that's done your risk of theft goes up 25%

Your idea is just that, our project is open source so you'll quickly find all claims debunked. You could add onto what weve done with your idea, but all I'm seeing is flags from that. I personally woulsnt use anything that requires me to store my key just to log in.

Please do refrain from speculation days before the announcement. To put you down lightly you're just wrong.

Also note nothing is set in stone, code can be changed. Features will be added so give it time to get it right or you can ask satoshi why he took more than an hour to make Bitcoin.

Were only a public stepping stone onto multisig. But I give you this task, get 5 people to use bitcoin today. Then try to show them the code. Odds are they'll be steered by that. So let's remove the oh look we can remove this step talk. It's only a crafty way we've been designing to show the protocol is a much more acute way.

There will always be people that don't like a service for whatever reason. For me the fact that you are making it open source makes it more trustworthy. I am looking forward to checking it out.