oh, the price of this coin increases steadily,
it really surprise me, how can it be hot?

there is half after several hundred blocks............

Thanks for the advice, power for mining is costlier than profit earned unless you have nice configurations.

Nice thread, well done.

Cloud mining is either scam or unprofitable, either way its not worth it..

We're giving it a try! Why not? 

Also we've been working on a scrypt-based coin in the background for some time now but it's not yet ready as we put our efforts on this one for now. You will hear about it eventually

Thanks for the logo !

The log in form has a "resend confirmation email" link. Check your spam mailbox too.


I was doing some updates and accidentally screwed up something. This shouldn't happen again.

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Original post:

Hello all!

Today we'd like to announce a project I and stick have been working on for the last couple of weeks. We decided that we want to keep the development open since the beginning.

We are creating a hardware bitcoin wallet, basically a device that is a secure place to store private keys to your bitcoin addresses. Because all transactions are signed in the device itself, the keys never leave the device and thus cannot be stolen by a virus, malicious code or an attacker.

We believe that this project is very improtant for the bitcoin world, because it gives the ability to use the highest possible security measures, which were only available for geeks until now, for all bitcoin users, even the non-technical savvy ones.

There will be two versions of the wallet available:
1) A shield for Raspberry Pi (for DIY hackers)
2) Custom hardware based solution (for common consumers)

Both versions will be open-source (both hardware and software!) and will provide the same functionality, like for example:

* Deterministic BIP 0032 compatible wallet algorithm (=unlimited count of addresses)
* No need for periodic backups, writing down the seed to paper during the device initialization will be enough forever
* Unlimited count of inputs and outputs in transaction (transaction streaming API)
* Plug & Play - no driver installation on a desktop computer required
* Unauthorized physical access to wallet protected by PIN
* Optionally wallet will require one-time-passwords for important actions

Custom hardware version will have these extra features:

* Impossibility to obtain private keys from the device in a case of theft
* Impossibility to re-flash the device with malicious code
* Possibility to do paper-backup of private keys only once during wallet initialization
* iPod Shuffle sized aluminium case for durability and robustness
* Variety of colors to tell the wallets apart by simply looking at them

We believe that we have enough knowledge and experience to succesfully finalize this product. Stick is a hacker and he has been involved in development for quite some time. He's also one of the founders of Brmlab hackerspace, which you may know from Prague Bitcoin conference 2011. We've already done arrangements with a hardware manufacturer who has confirmed that he's able to deliver casings for our custom solution.

Sneak peek preview of our hardware:

I don't know why I keep working on this, as I don't really know if people will like it. Thing is though, I want to make it work great from start, because I want it to give a good first impression. I've been fixing a few things, and I really like how this turns out right now. Check this out:



And this is nice too:



Here you can track exactly what's going on with your BTC!

Which leads me into my current issue. I noticed that if I have 0.28 BTC to give to 6 users, it ends up like this:

+0.04666667
+0.04666667
+0.04666667
+0.04666667
+0.04666667
+0.04666667

However, note that this sums up to 0.28000002! Meaning it's more than in pot initially! I guess for now, when this happens, I will take from my earnings as it's not much. Just annoying, as it can slow down the payments.

Oh, and also, if only one person bets on a cake, and time runs out, I don't take any fee. Basically, the money is just returned.

I just launched http://coinmap.org/

It's a map showing places where Bitcoin is accepted. All you have to do is to add payment:bitcoin=yes tag to your venue in OpenStreetMap. Venues are added automatically (database is updated every 15 minutes). The map also tries to determine the type of the venue from OSM tags and assign the correct icon.

Trading with J.Socal for 19.5 BTC. And will send first.

Money sent through PayPal and any other money transfer service that accepts credit cards can be easily reversed by the sender, even after several weeks. Therefore, you should only accept PayPal in trades with people you trust very highly.

This is why newbies are not likely to sell their PayPal USD for bitcoins successfully.

Some other services that are not totally safe:
- Bank transfers (ACH, etc.) except wire transfers
- Most gift cards.
- Moneypak
- AlertPay
- Paysafecards
- Dwolla
- Western Union (they reportedly will sue the recipient to recover money in some cases)

Maybe if get accepted by some big companies , will start the domino effect.

True. Problem is, most of this forum is entertaining in one way or another, I'm only here three weeks (2 lurking) and I'm already trying to kick the habit

Something that provides easy to use offline wallet functionality, armory or electrum.

you should look into adding MSC (mastercoin)

i think there is some code on github already which you can  leverage (but still in development & testing phases)

http://mastercoin-explorer.com/order_books


if you have questions about how it works feel free to ask, but I have a feeling that it will prove to be very useful for users of this trader in 2014

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