Bitcoin Forum

read on twitter,
anybody know something? found nothing on here

Just got my account activated.  Supposed to be Bitcoinica successor.  They sent me an invite code if you want to try and use - Invite code :    qTgc0 .  I don't have much time to check it out right now, but we will see how this pans out.  Couple more threads - https://bitcointalk.org/index.php?topic=81748.0 (https://bitcointalk.org/index.php?topic=81748.0)  https://bitcointalk.org/index.php?topic=83420.0 (https://bitcointalk.org/index.php?topic=83420.0)

Invite codes only work once, afaik.

The "weird" thing is that they don't require any confirmations for Bitcoin transfers. My test BTC transfer went through in 10 seconds. Anyone want to try a double spend with them? :)

Kronos leverages ZipConf to allow near-instant transfers. ZipConf has well-tested algorithms implemented to prevent double-spends. So, good luck.

Have you guys not learned a thing or are you just insane? Who would put a single Satoshi to such a platform again these days after what just happened to Bitcoinica, not once but twice!?!! People are so ridiculously stupid.

Maybe this time it's actually people who know what they are doing.

Does kronos.io also allow trading on margin?

So far, we have no evidence of how secure it might be. Does anyone even know the person(s) behind it? I wouldn't trust it with a single cent until I know better what kind of security to expect, and whose reputation is at stake.

And no, reputable members promoting it isn't good enough. I want to hear from the actual owners.

Some clues on the following thread: https://bitcointalk.org/index.php?topic=83420.0

Also they appear to have a website: http://ringcoin.com/

Wait what? Run by matthew n wright himself? Doesn't he have anything better to do, like print magazines and make christmas specials? ???
I'd kind of hate to see him get hacked, but if he insists on running such a service it seems inevitable.

I don't know, but if it is him or anybody associated with him then it's the biggest joke I've seen around here lately.
MNW is one of the most vocal persons against the anonymity in Bitcoin businesses but none of those sites, ZipConf, Ringcoin, Kronos.io, Dwaddy or Pawncoin have an About Us page saying who the fuck they are.
If it's them somebody should slap them on the face or something ;)

EDIT: OK, digging further on the ZipConf docs (http://goo.gl/yy8cN) linked at GLBSE it seems one of the owners is Jonathan Ryan Owens and the other is some Eric who i have no idea who it is. Ludvig (DeaDTerra) is listed also as the GLBSE contact for ZipConf.

Maybe Matthew was quoting text from the kronos.io site on that reply ;)

LOL. Someone wants to make money whatever it takes. ;D

Let's see if they can deliver.

My favorite part is that the platform appears to run on linode, the homepage is extremely vague about security, and the FAQ entry about security says "coming soon..."

Have you gentlemen learned nothing from the Titantic disaster! We can never build large ships, nor sail the Atlantic, again!

Thank goodness most of us keep moving forward, knowing the risks, taking the hits, examining the mistakes, and building things better.

It's led by JRO (ZipConf, REBATE, and Kronos so far are the only ones publicly known AFAIK). The dev names can be released if they choose. Announcements aren't going to come until the service is launched publicly. The service is not yet launched publicly. It's in "inner circle, very early" beta. Obviously, the site's not complete yet. Launch is still at least two weeks away.

Kronos allows up to 10:1.

Of course it's coming soon. Please stop judging the website as a complete work, because it isn't complete, yet. Weeks away. The information you'd expect for a publicly-launched service will be available when it's a publicly-launched service.

ETA: Dev is on Linode. Exchange keys are not on Linode. When launched, it's unlikely service will be hosted on Linode.

Fair enough, but when you make your site itself publicly available then you should expect some scrutiny on these basic facts.

this.

I don't believe the site has ever been publicly announced by anyone involved. This is, of course, because the site's still in early beta testing and not ready to be used by the public right this moment.

Although your anology seems to be very powerful I believe it hardly fits the case.

i find it quite amazing how mtgox has, since last yrs hack, locked things down security-wise.  perhaps kronos can learn a thing or two from them.  i can only hope this continues.

i also hope that JRO and Matthew have the skills and capitalization to make this happen.

Fund-raising will come soon.  ;)

Fwiw, Matt does not have technical involvement with Kronos, AFAIK. He has his own unique role and is not a particularly major player. I don't say it to downplay his role, just don't want a witch-hunt turning into "HE GOES FROM MAGAZINE TO LAUNCHING SIMILAR SERVICE TO BITCOINICA WTF!!! AND WE TRUST A GUY WHO ORGANIZES, EDITS, WRITE A MAGAZINE TO SECURE OUR COINS WTF!!! THEY AREN'T RELATED, YOU GUYS ARE IDIOTS!!!!"

lol!  already backpedalling from MMW!  ;)

are u a principal Kluge?

It's not backpedaling. I think Matt's very trustworthy and responsible. I trust Matt with thousands of dollars. But, it would be a misconception to say it's a "JRO & Matt" project. Matt's expertise is not in coding a trading platform. The coders are proven in their field and have worked on other projects. The time for their names to be announced may or may not come, but either way, it's not my call.

I have no equity stake in Kronos.

 ;D Tea boy?

Matthew, go get me some coffee!

I just hope that coffee takes less time to prepare than a fuckin' magazine or else you'll drink it cold as ice ;)

Protip: DON'T trade there until they settle up everything. I've put a test position there with tiny amount of BTC and today it was force liquidated without any price spikes. And on the history page it says that it was liquidated at $2.6 - shame I missed this price, it was sure a bargain...

Exactly the same thing happened for me, be aware guys the platform is still buggy so do not put any major amount of money on it!
I have reported this bug to the developers and hopefully they will fix it :)
//DeaDTerra

I have received full refund for my lost position, so it's good now. Still, I'll probably wait a little more before trying them out with larger amount of money.

Maybe start it off just trading LTC until you get all the bugs out

LOL, seems a bit unfinished at this point... Hope they fix all the bugs and test it properly. We really need this kind of service.

It'd be nice if MtGox led the charge on security standards for bitcoin processing websites.  I'd be happy to see the formation of something like the Information Security Forum (https://www.securityforum.org/) within the bitcoin community, and over time see something like companies admitted to the organization getting some sort of certification so that users could quickly get an idea of what sort of practices a company is using.

that is a great idea.

An Interview with Jonathan Ryan Owens of Kronos.io, Hermes and Ringcoin:

http://atlas.bitkoin.su/post/24166211138/an-interview-with-jonathan-ryan-owens-of-kronos-io

Wow. This thread is so typical.

Fact #1: I am acting COO of Kronos, ZipConf, and their parent company that will be announced later. Jonathan Ryan Owens is CEO and one of the founders.

Fact #2: All of our products will be utilizing ZipConf for instant transactions (I've come to agree that all new services should as it's extremely useful)

Fact #3: Kronos was available as a pre-beta invite but we're done with that phase now and moving into a closed beta. We'll announce again when we're actually ready to start letting people use it. Thanks to everyone who participated in the pre-beta.

Fact #4: Development for each project started with different individuals but is now in the process of being consolidated, audited and reconstituted under the role of our CTO, Eric Lombrozo who is also a co-founder.

I look forward to these products making waves (that's what we're good at!) and bringing more valuable digital financial services not just to this small community, but to the new digital commerce world.

Thanks Matthew,

Are you going to allow margin trading of alt coins such as NMC, DVC, LTC?

Probably. I can't say just yet because we're still building the foundation. There is nothing that would stop us from doing that and that seems to be the direction we're going, but as you know, what you're talking about is kind of in the realm of 'features', and those decisions always come last. I'll get back to you when I know for sure.

Ringcoin or whatever it's called?

RingCoin is a development company for software that licenses particular engines, framesworks, etc. It is not associated with Kronos any farther than having a license for some of the software written by RingCoin. Seems pretty self important but there is a legal and managerial method to the madness.

Icehill?

I get the feeling you want to play 20 questions.

I'm just getting started!

Well obviously! You've got 18 left! lol

More possibly-vaporware from Matthew N. Wright!

Anyone want to start a bet that everyone is back on a re-launched bitcoinica before kronos.io?  :D What are the odds?