Bitcoin Forum

Announcing the new secure Catcoin wallet service...

CatInstant.com (http://www.catinstant.com)

Instant sign up - no information needed to sign up. Just hit the Random Wallet Address button to generate a new address, read to send or receive Catcoins.

Hosted securely with Digital Ocean (http://www.digitalocean.com)

Secure Authentication - You get a nice strong 20 alphanumeric password, which is extremely hard to brute force.


NOTE: The wallet system is currently under major development behind the scenes - Streamlining the code, adding load balancing, implementing an internal MySQL transaction database to lower the strain on catcoind, as-well as many other improvements.


Thanks!

Could you tell us a bit more about this? are the wallet addresses stored in a secure database? Are there any fees?

- Wallet addresses are stored in a separate secure mysql database.
- There are no fees for using the service. The catcoind network will charge small fees for sending on the network, we have no control of that.

Fixed some bugs. Please let me know if you find any others or have suggestions.

Thanks!

To be honest my main worry is hack attacks. It happened to dogecoin, and I'd hate to see it happen to another site. Unfortunately it suffers the second problem of plausible deniability; if the site did ever go down nobody would really know why.

If you can find some ways to alleviate those concerns, then that would go a long way in legitimising your site as a convenient online way to transfer Cat Coins.

I hope you understand where I'm coming from. These Coins are gaining a lot of value now.

I think a transaction size limit would be reasonable. That way if the worst did happen nobody would lose a great many coins. You can make it proportional to the amount of users, or difficulty, or whatever. The point is that the site doesn't hold so many coins that it becomes a target or a temptation.

Appreciate the response and suggestion. I know this is meant to be a short term solution for transferring Catcoins for folks. I do not recommend users holding them long term. I think setting a maximum amount that you can transfer would be a great security measure. What do you say? No more than 100 coins? Or no more than 500? 1000?

Give me your suggestions again please =)

The next 5 people to deposit Catcoins into Catinstant.com (http://www.catcoins.com), I will give an additional 5 Catcoins added to your account.

Bump ;)

I think it should be proportional to the coin's value. So instead of setting a limit by the amount of Cat, set a limit based on the value of BTC cat is currently worth. Currently it's hovering around 0.001 BTC. So a limit of 0.1 - 0.2 BTC worth would be reasonable.

As the site is developed and gets established perhaps the limit could be changed, but the more coins it holds the greater at risk it is, so having a limit makes it a scalable solution as the site is expanded and improved.  :)

CatInstant.com (http://www.catinstant.com) now has faster confirmations since the update. Try us out =)

kewl service, loading up the Kitteh's now