Bitcoin Forum

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Good to hearing "working hard to implement Ether and ERC20 tokens"

The UI looks good on iOS.

Is there a planned Android version?

Bad that there is no multicurrency

Will the sourcecode be released?

Looks really nice, like the UI.
Too bad not many people will switch, but i wish u good luck man  ;)

THANKS A LOT!

We hope that users will see how good our product is and will start using it! Also, after the Ether and ERC20 tokens implementation the currency exchange option will be introduced, many users will be interested in such a secure and functional wallet  :)

So, you mean Bitcoin wallet of bitcoin.com isn't secure?
What are the other features of this wallet that Bitcoin wallet has not?
For me, none other wallets that are fully secure and handy except hardware wallet. It will save you from hacks and steals and give you a piece of mind specially if you're keeping a lot of Bitcoin today.

Well I mean your wallet doesn't really stand out from any already widely adopted wallets like jaxx, electrum, bread,mycelium, exodus,copay and many more.


EXTREMELY SECURE
In case of device loss or any other circumstances your wallet can be recovered using a 12 word mnemonic phrase.

You make it seem like its something revolutionary..

You are right, we follow the same technology as Jaxx, Exodus etc. But we find that no wallet seems to be high-end in both functionality and design at the same time. Also we want to remind that it is our first release and later we will do more and better! ;) We plan to add multiple currencies, that can be exchanged inside the wallet but keep UI very user-friendly.

We are always happy to get your feedback! Thank you!

Let's say im a potentional customer, but i have couple of questions

1. you mentioned "high-end in both functionality and"  could you please explain what do you mean by that, what does "high-end in functionality" mean to you.
2. Website probably needs a little rework, including more information, maybe even a re-design, i mean the "header" part looks nice, but rest of the page kinda lacks, but as you said its just your first release so we will probably see a lot of reworks , hopefully :)
3. Maybe I didn't notice it, but how does lumi wallet sustain itself? what are the fees?

Again dont get me wrong im not here to bash your project, im just trying to extract some information

While saying high-end we mean that we try to implement the best existing solutions for wallets. We care about users that is why try to do reliable and strong product.

That is why we are here, it would be very helpful to read your suggestions even about website design! :)

Our wallet is absolutely free for users, hope you will enjoy it!

Everyday we fix all arising bugs and crashes and your feedback is essential, new improved version will be on the AppStore in a few days.

About the website it just needs a lot more information, at this moment it just have 4 small blocks of information which is probably not enough to convince users to use your wallet when there's tons of great wallets out there, I'm not saying your wallet is not great, but it just needs something to stand out from all the big sharks.

As you know a lot of crypto users are very skeptical when it comes down to wallets, they will try to gather as much information as possible, look for feedbacks and so on, right now lumi lacks information.
for example maybe implementing a roadmap would be a useful thing.

I understand that wallet is free for users ,but you have to sustain your service somehow otherwise whats the point of running the service? so thats why i was wondering whats your model to sustain the wallet.
One thing that came to my head was - lumi makes money on shapeshift transactions, but i dont see shapeshift implemented.

So there is probably some fees which you take extra

Yeah, you are absolutely right, now we have just one page but we will add new ones when they will be ready. For example, we will add FAQ tomorrow, and I really like your idea about roadmap. We will discuss it with our team, I think it will be very informative for our users.  :)

As for fees, we do not take any but as I said we will add an exchange option later. So that will be one of our possible inflows.
We have some other ideas but I think that you will be ok if I keep them undisclosed till we will do the rest of our plans. :)
What is more, not in our interests to to hide any fees, as far as our vision is to make a great product that will be the best solution on the market and we care about our reputation a lot.

Thanks again for being so supportive, we really appreciate it!

We never wanted to say that any of existing wallets is not secure enough. As for Bitcoin.com, it is a bitcoin wallet, as we are today. But as I said we are going to implement multiple currencies that could be an valuable advantage for our wallet. Besides being secure it will be more useful.

As for a second issue, I believe it depends on the security of your device. Hardware wallets are not that handy as our solution, users can keep huge sums in a colder place but for everyday use Lumi wallet can be a very good solution.

Now we offer 12 word mnemonic but we can do 24 if users prefer 24.

I don't trust to new bitcoin wallets with unknown publishers. I think that it is high possibility of scam. It is way to collect private keys, it could be work good till the moment when you get significant amount on this wallet

Will be looking forward to it.

Will there be options like RBF (replace-by-fee), signing of messages, sweeping, and importing of wallets?

The issue of trust is essential for us. One of the main features of our wallet is client-side private key storage. We never have an access to your private keys. Being skeptical is normal when considering any new wallet, what exactly would you like to know to be satisfied about our product and to be sure that it is not a scam?
 

There won't be signing of messages (commenting) because we work directly with blockchain and don't really see the importance of that option. But if our users will insist on that, it can be discussed.

As for importing, it already exists. But we guaranty the importing of mnemonics which were created in Lumi app because different wallet use different implementation of his feature.   

Sweeping...it is more or less just creating a new wallet and sending all your funds on it. There is no automated option of sweeping but you always can do it manually by creating a new wallet in our app. We plan to make possible to create several bitcoin wallets under the same mnemonic but I believe that usually users sweep their wallet when they suspect that someone may have an access to it. So the best variant is to create the new one and send your coins there. 

RBF hasn't been in our earliest plans. But as always we will be happy to hear how high is demand of this feature among our users.

Looks great. I hope the Android version is out soon

Yes, that's all a wallet developers should consider to included into a wallet.
Replace by fee or set custom fees, import private keys, sweep is an important feature as well.
In case of security and trust for a new wallet, after your team release source code, it will be clear I guess.

What about mobile versions of this wallet. I have tried about ten versions of different bitcoin wallets for my Android and did not find perfect for me. Eachone has different bugs or has no functionality. I think if you can create good wallet for mobile it will be great.

 :D Thank you!
Android is on the way!

Don't you have a github for this release of the wallet?
As someone already mentioned in the 3rd or 4th post of this thread
you should release the source code so we can see what it's foundation is built on.

As far as a lot of people find it very important, we will try to do it sooner but you should understand that no wallet want to be copied in full when product is unique :) That is why no Jaxx (or similar) neither us do not distribute the full code. We will try to show as much as we can, staying copy protected.

Just because you say that you don't collect private keys doesn't mean you don't. You can't be trusted, Who are your developers or team members, do you guys mind coming forward? The Community will feel much safer if we can see your linkedin profiles or CV's.

As I am reading this thread I was amased to see more positive feedback from the ones that already downloaded and using the apps. Hoping to see an android version of this app for we in the family is all using android phone. I will be monitoring for an updates of this thread. Keep up the good work Sir.

Have a blessed day ahead :)

We are very happy to read such reviews! Thank you!

We believe that we will gain your trust by our performance and future source opening. And, of course, one day we will meet each other  :)
Just let us grow from MVP to something valuable! We are very grateful that community help us to self-improve!

Critic here, please sit down :D


Let me quote your FAQ (https://lumiwallet.com/faq):
First, it's not true that non-HD wallets stick to using a single address. My Bitcoin Core wallet for example is non-HD but uses many different addresses.
Second, you say you "try to implement the best existing solutions", but you implementation goes directly against Satoshi Nakamoto's whitepaper (https://bitcoin.org/bitcoin.pdf):
This means your current implementation is worst practice instead of best practice.

Your website mentions "Featuring client side private key storage", as if that's something unique and special. It's not, in fact, it shouldn't even be necessary to mention this. This implies you think it's something special, instead of basic wallet privacy and security.

Let me first tell you I'm very paranoid to installing any Bitcoin related software. If I do, it has to be highly established and must have a flawless track record.
Installing any software basically allows that software to do anything I can't check, and when you're offering closed source software without any existing method of earning, it will be very difficult to trust your intentions are 100% good.
It can be that you mean well, but I can't be sure, and I don't give random strangers the benefit of the doubt when it comes to my Bitcoin private keys.

You can't gain trust now by something you say you'll do in the future.
No, we won't meet. I like my privacy.

Signing messages is an integral part of Bitcoin. It is needed.
What do you mean when you say "we work directly with blockchain"? What makes it worth mentioning this?

First of all, thank you for your message  :) 

Bitcoin Core is HD wallet. Check, please, Bitcoin Core version 0.13.0 release (https://bitcoin.org/en/release/v0.13.0)

As for "private key storage", it is our speciality due to the fact that a lot of easy-to-use mobile wallets are hosted. We propose a solution so you do not need to choose between security and mobility for your wallet because Lumi combines both. 

We already answered about trust. I don’t want to be repetitive, but I believe that trust is a question of time and we will prove it to you. Our intentions are clear and we want to make a product that still doesn't exist, that will let users have access to their funds from anywhere in the world, that will be easy, smoothly designed, mobile, and most importantly, will be secure!

We have already written that code release takes time and we will do it a bit later. We care a lot about our reputation and gonna gain your trust over time.

Now we are still developing and improving our product every day, and we will be very grateful for your feedback!  :)

I'm aware Bitcoin Core now supports HD wallets. Before this upgrade though, it used random addresses. My point is, your claim ("Static (non-HD) wallets stick to using a single address for all transactions") is incorrect.

Can you be more specific and give names of mobile wallets that store private keys on their server? As far as I know none of the mobile wallets I've ever used stores my private keys on their server.

I'd like that! But until that happens, I don't dare to install your wallet. It feels like being a guinea pig, and usually that ends badly.

All of this exists already, and those wallets have been around for years. You're making it sounds like this is unique for your software, while it's common practice. Even better: Bitcoin itself is designed to be all of these.
If you omit the obvious, what truely new USP do you have?

[/still sceptical]

Adding on to LoyceV reply, I would like to know who are your developers? Your CEO and so forth. You want to show trustworthiness, bring your team in front of public. You are a newbie here, so your word means nothing. Your promise is basically worthless here on this forum that's what i am trying to say here. You are expecting people to put trust in you,so you should do the same, let people know who you guys are? From where do you operate? How many members are there on your team? and so on.

Hi, it's been a long time and we're really sorry to have lost connection w/the public on Bitcointalk.

We have decided to create an official account (this account) on Bitcointalk, if you doubt this account is legit, check out our official Telegram channel, it has the link to the user: @lumi_wallet

We have a bunch of updates, including a brand new wallet for collectibles (Lumi Collect https://lumiwallet.com/collect),
a multi-currency Android with many cool tokens added, and a client-side (!!!)  web beta which is soon to become open-source :)

https://lumiwallet.com/about-web-new


Regarding the CEO question: meet our beloved Diana
https://www.facebook.com/diana.furmannD , you may ask her any questions about the team and she might even answer if you're lucky enough:)

(I hope I don't get ostracized for posting to this more-than-120-day-old thread or anything written in this message)

How to Get Your Atlant Wallet and What Else Can You Do with It in Lumi

We’ve already started talking about a huge impact that blockchain can have on real estate while describing the operational concept of smart contracts. Actually, a slightly different and very effective solution has already been offered by Atlant. It is a revolutionary global real estate platform enabling tokenization of real estate ownership and P2P rentals. Although we’ve said a few words about what they do earlier we want to review the key points of the project including some updates, and describe how to store, send and exchange Atlant tokens in Lumi. https://medium.com/lumiwallet/how-to-get-your-atlant-wallet-and-what-else-can-you-do-with-it-in-lumi-92d3995e9444