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Re: Inputs.io | Instant Payments | Easy API | Secure Wallet | Offchain | No fees
2FA code is now hidden entirely after it has been enabled, and a new secret is generated every time it is disabled.
UI on smaller screens also fixed. You'll need to do a hard refresh.
Thank you!
UI on smaller screens also fixed. You'll need to do a hard refresh.
Thank you!
That was quick
It's working as expected.I see you're making changes to the front page as well. I don't know what you had in mind for the spin effect graphic, but I can say it makes my head hurt.
Micropayments are a very low priority in any case, though.
Theymos, I'm curious why you see micropayments (or forum credits) as low priority.
I agree in the sense that there are bigger problems to solve around bitcointalk, but if this can encourage more quality posts then it lifts the forum as a whole.
Very interesting concept, but I had something much simpler (and less risky) in mind. User enters send/receive addresses in profile, and a button is displayed on every post (in the sig or sidebar or wherever) that allows anyone to micropay directly. The forum would not hold onto the BTC at all, just a direct payment. Or maybe you could skim off 1%, etc. You might need to ratchet up your servers' security a bit to prevent hackers from changing peoples' profile addresses, but it's a pretty simple plugin I'd imagine.
Bitcoin micropayments (tips) works on sites like Reddit, I believe, because of the visibility of the tips made against each comment or post. So as a community a new ethos is formed around tipping quality discussion and helpful/meaningful posts.
If as you suggest a button is displayed, then it also should provide visibility of the tips received. User preference should determine whether your forum name is displayed alongside the amount of the tips you make.
In terms of security, I propose that Hierarchical Deterministic Wallets described in BIP0032 could provide the solution. Any forum member who wishes to receive tips creates their own HD Wallet and provides just the minimum chain code public key information to bitcointalk. This is enough for the forum to derive new child public keys without ever knowing the private key. To save on resources a child public key would be created just-in-time when the first tip is performed against a post or comment.
If what I've described is accurate then bitcoin micropayments could work on bitcointalk without becoming a target of hacking.
Re: Inputs.io | Instant Payments | Easy API | Secure Wallet | Offchain | No fees
ASICMINER shares are tied to addresses. Exchanges hold the shares themselves, they are passthroughs.
We use Google's 2FA security model - you can disable 2FA without entering the code in case you lost your phone - this requires you to have a signed in session. Sessions are both IP and user agent locked.
Our site is secure against XSS attacks, as well as CSRF attacks.
Thanks for your feedback! One of the directions we may be going into is a multicurrency wallet with a built in exchange. However, we also want to focus on the core for now.
We use Google's 2FA security model - you can disable 2FA without entering the code in case you lost your phone - this requires you to have a signed in session. Sessions are both IP and user agent locked.
Our site is secure against XSS attacks, as well as CSRF attacks.
Thanks for your feedback! One of the directions we may be going into is a multicurrency wallet with a built in exchange. However, we also want to focus on the core for now.
I can accept 2FA being disabled without requiring the code. It is more concerning that the 2FA secret is shown on the account details page. I believe the best practice adopted by Google / Dropbox is to not reveal the secret once enabled, and to use a new secret if 2FA was disabled then reenabled.
Hey, thanks for answering my questions, and I certainly hope you support LTC in the future. You only have to read this thread to see how the lack of a secure & trusted online wallet for LTC is an opportunity for scammers and hurts the cryptocurrency community.
Re: Inputs.io | Instant Payments | Easy API | Secure Wallet | Offchain | No fees
Our format is unique. All real (not system mixed) deposits to your address are credited. You control your private keys and can sign messages. Your spending comes from different addresses.
What this means is it gives you the privacy of a shared wallet, while allowing you to do things like hold ASICMINER shares to your address.
What this means is it gives you the privacy of a shared wallet, while allowing you to do things like hold ASICMINER shares to your address.
How would this work? ASICMINER shares are issued/traded on btct.co and bitfunder so holding them in a wallet doesn't make sense to me.
I'm also interested whether you are considering support for other cryptocurrencies, in a similar manner allowing for offchain transactions where the recipient selects their preferred currency to deposit into their wallet.
Also, regarding security I don't believe it is sensible to show the 2FA secret on the account details page once 2FA has been enabled. This opens up potential for a CSS attack or loggers (keys + screens) to circumvent 2FA.
EDIT: Also disabling 2FA should require entering the code, a single click to disable 2FA is weak.
I know it's the opposite of what you want, but how about incorporating bitcoin into the wedding favors. I know match books are out of style but something similar with a paper wallet printed on it would be nice.
I like this idea the most, you can generate paper wallets with custom backgrounds (i.e. nice engagement photo of you both), so it is both a souvenir from your wedding and an introduction to bitcoin. Then you need to include instructions on how to create a blockchain.info wallet and sweep the private key from the paper wallet.
Re: ► ► ► LEALANA PHYSICAL SILVER LITECOINS [pre sale ANNOUNCEMENT]
PRICING
At current market rates I will be charging 25 LTC per coin (this includes the 10 LTC to fund the coin). This is subject to change without notice based on market fluctuations.
At current market rates I will be charging 25 LTC per coin (this includes the 10 LTC to fund the coin). This is subject to change without notice based on market fluctuations.
Your pricing seems too low, when you subtract the LTC funded, you only have ~42 USD to mint & package the coin. This is about 1/3 the equivalent Casascius 1/2 ounce .999 silver coin.
Don't get me wrong, I'm happy to pay 25 LTC, I just don't expect that you'll be able to sell at that price unless LTC trades higher in July.
Re: [ANNOUNCE] Micro-payment channels implementation now in bitcoinj
I am really interested to see use cases where these micropayments work in the other direction... Considering that micro-payments start with a contract between two parties (a service and a client), a service providing distributed computation could in effect pay a commission to clients that contribute processing power.
In this way the computation doesn't need to be aligned to a particular hashing algorithm or specific hardware. The computation likely isn't time sensitive so anyone could participate, and their effort wouldn't be wasted. Pricing could vary, but could be as simple as 1 satoshi per Hz per second...
It doesn't even need new infrastructure to implement. WorldCommunityGrid.org could release an updated client that sets up a Bitcoin address for payment, provides you with the private key, and on their server they run BitcoinJ to facilitate the micropayments.
Any other novel use cases where services pay clients using micropayments?
In this way the computation doesn't need to be aligned to a particular hashing algorithm or specific hardware. The computation likely isn't time sensitive so anyone could participate, and their effort wouldn't be wasted. Pricing could vary, but could be as simple as 1 satoshi per Hz per second...
It doesn't even need new infrastructure to implement. WorldCommunityGrid.org could release an updated client that sets up a Bitcoin address for payment, provides you with the private key, and on their server they run BitcoinJ to facilitate the micropayments.
Any other novel use cases where services pay clients using micropayments?
I put my 500+ LTC on ltc-wallet.com. It gives me 502 Bad Gateway today. It seemed to me like a legit website, but of course I have doubts while reading this topic, should definetely have been more carefull. I'll be giving updates
@azaniet I think it was your deposit that triggered toork to end the scam and take the loot.
The usual advice applies that when an offer looks too good to be true it probably is - earning interest on cryptocurrencies should be a huge warning sign
Also, never deposit into a wallet that doesn't let you export the private key.
I can't post yet in the "normal" forum, but I have to ask about the bitstamp verify procedure.
In their FAQ they don't say anything about it.
What happens if you send more money and you are not verified ?
Can you perform transactions without being verified yet ?
How long does the verifying process takes ?
In their FAQ they don't say anything about it.
What happens if you send more money and you are not verified ?
Can you perform transactions without being verified yet ?
How long does the verifying process takes ?
Bitstamp verification normally takes 1-2 days, so a bit faster than Mt Gox (3 -5 days)
It's not clear what restrictions are actually enforced if you don't verify, but you can be sure that withdrawal of fiat currency will be blocked.
Re: I signed up to tell smoothie he's got a business on his hands!
i dont get it. it cant be pegged to silver, so how does this work?
It's just a pretty token, there's no significant practical use for it. (I suppose you could use it in physical trade but it's packaged more as a collectors item vs something you'd buy lunch with)
While you are paying more than the value of the silver and the LTC held on the coin at it's current exchange rate, it is more akin to an investment than a collector's item. People who purchased the original BTC denominated coins from www.casascius.com are often exchanging these physical coins OTC at meetups or using localbitcoins, so they have a purpose as a store of value and a means of exchange.
A miner on one of the other consortia asked me what I thought of a proposed 'karmacoin' in which instead of hashing to authenticate transactions, your miner program was doing something more genuinely useful. I replied that
i) I thought it a bad idea to make up more YetAnotherBitcoinClones
ii) I liked the karma idea and proposed that for public benefit tasks such as following asteroid paths or ridding the world of malaria, perhaps stratum and bitcoin mining consortia would have the right infrastructure to share out a problem amongst thousands, and distribute payment for subroutine completions (not hashes, since most tasks are not hashing). That would need a generous benefactor to put 1000 BTC on a problem from time to time, and it would need some transparency so that the public can see that they are not computing the most economical way to smash an asteroid into the pentagon. That would gain the benefactor massively parallel processing power so might be suitable for certain classes of task which suit that degree of parallelism.
What do others think?
Would it be better to install new code to do karma tasks for bitcoin than to have a new karmacoin?
Would you want to connect in to processing tasks at an existing bitcoin mining consortium?
Should effort shares be counted and rewarded in Bitcoin, or would people not need those to help out with a problem?
i) I thought it a bad idea to make up more YetAnotherBitcoinClones
ii) I liked the karma idea and proposed that for public benefit tasks such as following asteroid paths or ridding the world of malaria, perhaps stratum and bitcoin mining consortia would have the right infrastructure to share out a problem amongst thousands, and distribute payment for subroutine completions (not hashes, since most tasks are not hashing). That would need a generous benefactor to put 1000 BTC on a problem from time to time, and it would need some transparency so that the public can see that they are not computing the most economical way to smash an asteroid into the pentagon. That would gain the benefactor massively parallel processing power so might be suitable for certain classes of task which suit that degree of parallelism.
What do others think?
Would it be better to install new code to do karma tasks for bitcoin than to have a new karmacoin?
Would you want to connect in to processing tasks at an existing bitcoin mining consortium?
Should effort shares be counted and rewarded in Bitcoin, or would people not need those to help out with a problem?
This concept could easily work on top of the Bitcoin blockchain. Considering that micro-payments can work both ways, any service providing distributed computation could in effect pay a commission to nodes that contribute processing power. In this way the computation doesn't need to be aligned to a particular hashing algorithm and it isn't time sensitive so anyone can participate earning micropayments as simple as 1 satoshi per Hz per second...
It doesn't even need new infrastructure to implement. WorldCommunityGrid.org could release an updated client that asks for your Bitcoin address, and on their server they run BitcoinJ to facilitate the micropayments.
Re: Trading Bot: >> iTrader - Mt.Gox+BTC-e supported / Available with source + more!
@ iTrader
Am I allowed to share the source code with evaluators in order to determine if this software has any bad code in it?
I see there is a great level of hesitation on spending the 1 bitcoin to get the source. Any chance you can allow me to share the code with a few select folks so they can look over the code carefully? (Yes, I will buy it)
I own several trading bots so it's not like this is the first.
Am I allowed to share the source code with evaluators in order to determine if this software has any bad code in it?
I see there is a great level of hesitation on spending the 1 bitcoin to get the source. Any chance you can allow me to share the code with a few select folks so they can look over the code carefully? (Yes, I will buy it)
I own several trading bots so it's not like this is the first.
If the source code was reviewed by trusted forum members, and confirmed in this thread, then it would make people more confident in using it.
Buy an ASIC, GPU mining isn't profitable unless you have free electricity.
Actually, if the OP is intending to mine alt currencies, then that's not a bad rig to earn ~ 1 or 2 LTC mining for a pool.
Whats the inflation rate on fiat currencies 
I think it depends on the currency. Try googling it, there should be a lot of results.Meant in the case of a currency collapse or high inflation bitcoins will hit 1K pretty dang fast relative to any one currency
I would still be difficult for all currency pairs to collapse in unison. Governments own a lot of fiat currency (not just their own) and will always need to exchange this currency reserve for there own currency. In this way a lot of value can move between fiat currency pairs. So it is relative and not all pairs can devalue unless Governments decided to hold Bitcoin as a reserve currency (not impossible buy unlikely).
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Also use a semi-online wallet blockchain.info. It's a good wallet for newbies.
+1 for blockchain.info
Client side encryption, email backups, and yet dead simple to use.
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Does anyone know a good wallet that is newbie friendly and with no fee?
If you really object to paying a 5c fee, then expect your transactions to take a day or more to get confirmed. Blockchain.info has the benefit that it acts like a supernode in broadcasting the transaction out to as many nodes as possible, so even without a fee >90% of the Bitcoin nodes are aware of your transaction and will likely process it when they are idle.
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OP needs no fees
And blockchain.info supports no fees, it also prompts you to confirm so if you have no fees set by default, and you do initiate a more time sensitive transfer, it's just 1 click to add the standard BTC0.005 fee.