Title: BitDirect allows for anyone to set up their own shared custody business Post by: andrew800409 on March 09, 2023, 10:20:09 AM
BitDirect is an easy entry point for anyone to help manage people’s bitcoin all under one roof through a shared custodial, 2-of-3 multi-signature wallet structure coupled with offline private key storage facilitated through hardware devices. Please view the video at As an Advisor / Co-signer, you can perform the following tasks for your clients:
In return, you can set a bitcoin management fee through the platform. Many people won’t ever do their own research and would rather have someone that can help them with everything bitcoin-related in return for a small fee. It is your chance to build a client base of friends, family, and people that know and trust you. Together we can create millions of advisors who can help convert no-coiners into bitcoiners while simultaneously providing clients with the best practices for storing their bitcoin. Get bitcoin off exchanges! There is no KYC. We only hold a single key, so it is impossible to freeze or make off any funds. We will be launching a referral program shortly for any new advisors referred. We are a bitcoin-only company. We have a testnet for you to play around with. Title: Re: BitDirect allows for anyone to set up their own shared custody business Post by: BitMaxz on March 09, 2023, 12:52:34 PM What exactly is the main purpose of why you created Bitdirect?
To get access to 2-of-3 multi-sig wallets of the other signer? I don't think someone will need this we can honestly make our own 2of3 or 2of2 multi-sig wallet without the help of other websites. The risk of using your service is that we were just giving you access to our 2-of-3 multi-sig wallet and anytime you can extract private keys from your seeds or multi-sig master key and get the split funds. So why would I use your service? Weird I searched a bit about Bitdirect but it seems it's an altcoin called BITD and according to the thread, it is long gone(dead). Here's the source: https://bitcointalk.org/index.php?topic=1857875.0 In July 2019 someone sold their domain bitdirect.io from this post: https://bitcointalk.org/index.php?topic=5162827.0 So how can we trust a newbie and your service here? Title: Re: BitDirect allows for anyone to set up their own shared custody business Post by: andrew800409 on March 09, 2023, 02:21:37 PM The purpose of BitDirect operates similar to that of Unchained Capital where an independant third party holds a key in case of a loss of either of the two other keys. The difference is here an Advisor can have a list of clients all on one platform serviced from one hardware device.
BitDirect only holds a single key, and the other two keys are operated with hardware devices. The client can choose a person they trust to be the advisor / co-siner. We have linked the signing of BitDirect key to Google authenticator so if a hardware device and recovery seed is lost, the client with their Google Authenticator and the signing key of their Advisor / Co-signer will be able to restore a new device. BitDirect is not linked to the altcoin in any manner. We are a new company in the industry and hopefully over time we can be a trusted authority for holding only 1 of the 3 keys. So there is no way that we can make off with client funds. The goal of this business is that we could have millions of Advisors who hold keys for the people that know and trust all neatly displayed on a single platform. Title: Re: BitDirect allows for anyone to set up their own shared custody business Post by: SeeBiscuit on March 09, 2023, 03:31:07 PM I personally think the website looks so clean! My favorite part is the little play button that follows your mouse around when you get to the video section. The fact that your platform is also not linked to any altcoins is a big green flag to people around here.
Just be mindful that the SEC is cracking down on "crypto advisors" very hard in 2023. The idea that you want to create "millions of crypto advisors" might be something they very well may look into. All in all, I wish you the best of luck with your endeavors. <3 Title: Re: BitDirect allows for anyone to set up their own shared custody business Post by: digaran on March 10, 2023, 09:32:34 AM Creating a single point of failure where someone has the ability to easily take the funds and run? Well I can see is RED flags. Bitcoin is supposed to be the money and the bank with no man in the middle, but you want us to be the man in the middle for others, and yourself to be the second man in the middle, damn that's a scary threesome.🤣
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