well Circle is a US company and your information is protected by US Federal law(true for any Credit Card processor). Not so for Panama-based Coinbase.
WTF are you talking about? The FBI and NSA are actively storing all emails and transactions despite any 4th amendment protections you may assume you have. I don't trust any government with this data, but would much rather have it stored in some Panamanian data center for a few days rather than in Utah for 100 years. you would rather have your personal id information including Bitcoin activity in some private database in panama that can be freely marketed to ANY PARTY? can you please explain the logic here? You are trying to vilify me (not sure why) please Erik, I'm not trying to vilify you. My posts are 100% about security problems with Coinapult. Someone mentioned above that you renounced your American citizenship. That person is wrong. Do you think the information on bitcointalk.org is accurate?ps. awesome forum avatar  |
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The entire purpose of Coinapult is to enable users to send bitcoin by email or SMS.
I first heard of coinapult when they implemented locks. They expanded their feature set, but initially it was a service that allowed people to send bitcoin to an email address or SMS number. SMS is even more volatile information than email. |
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If Coinapult ever goes out of business, your information will be auctioned off. Most likely it will end up in either a major conglomerate or the US govt + profit for those who own the database.
You think this is positive? this sounds like shilling to me, like you're trying to fool regular users into thinking a certain way.
No, I have always directed users to use bitcoin p2p and avoid hot wallets. I am an avid supporter of greater privacy with wallets like the dark wallet and tools like coinjoin , coin shuffle and stealth addresses. I have never done business with coinapult, and have accounts with circle and coinbase where I never store any funds within and simply use them as on ramps and off ramps. I am merely pointing out you are spreading misleading information.... probably because you are either a troll of your politics are antagonistic towards Eric as I can see.... that's an interesting way to end a discussion that shows your viewpoints are actually anti-privacy and anti-individualism. |
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you would rather have your personal id information including Bitcoin activity in some private database in panama that can be freely marketed to ANY PARTY?
can you please explain the logic here?
You are creating a false dichotomy. I would rather have neither, but if I was forced to choose I would prefer it to be stored by a bunch of anarchists and libertarians in Panama for a limited time vs a Utah datacenter for 100 years. Libertarians are far less likely to kill or steal from you than a government which institutionalizes that behavior. If Coinapult ever goes out of business, your information will be auctioned off. Most likely it will end up in either a major conglomerate or the US govt + profit for those who own the database. You think this is positive? this sounds like shilling to me, like you're trying to fool regular users into thinking a certain way. I doubt how many regular user actually send bitcoin by email. The function itself destroys the whole purpose of bitcoin. The entire purpose of Coinapult is to enable users to send bitcoin by email or SMS. |
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you would rather have your personal id information including Bitcoin activity in some private database in panama that can be freely marketed to ANY PARTY?
can you please explain the logic here?
You are creating a false dichotomy. I would rather have neither, but if I was forced to choose I would prefer it to be stored by a bunch of anarchists and libertarians in Panama for a limited time vs a Utah datacenter for 100 years. Libertarians are far less likely to kill or steal from you than a government which institutionalizes that behavior. If Coinapult ever goes out of business, your information will be auctioned off. Most likely it will end up in either a major conglomerate or the US govt + profit for those who own the database. You think this is positive? this sounds like shilling to me, like you're trying to fool regular users into thinking a certain way. |
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well Circle is a US company and your information is protected by US Federal law(true for any Credit Card processor). Not so for Panama-based Coinbase.
WTF are you talking about? The FBI and NSA are actively storing all emails and transactions despite any 4th amendment protections you may assume you have. I don't trust any government with this data, but would much rather have it stored in some Panamanian data center for a few days rather than in Utah for 100 years. you would rather have your personal id information including Bitcoin activity in some private database in panama that can be freely marketed to ANY PARTY? can you please explain the logic here? |
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well Circle is a US company and your information is protected by US Federal law(true for any Credit Card processor).
I think this is the real difference of opinion. Some people place trust US Federal Law. Some of us (especially non-US citizens?) would rather trust organizations that don't ask us for sensitive information. in this situation though it's a call between trusting the US Govt(subject to congress, etc.) and trusting Erik Voorhees and his employees. |
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Circle and Coinbase let you send bitcoin to an email/sms address?
Do you even use Bitcoin, or do you just troll? We pointed this out both on Twitter and earlier in this thread, including screenshots. Also, what happened to all of your challenges a moment ago about sending bitcoin via email without a centralized service? so you're basically pointing fingers at Circle and Coinbase saying that they are just as bad with their security? |
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Why are you singling out Coinapult? This is equally true of Circle or Coinbase, and many other hot wallets. This product has its role in the marketplace and not intended for you. Circle and Coinbase let you send bitcoin to an email/sms address? Circle takes your Credit Card information, which is far more sensitive than email address. well Circle is a US company and your information is protected by US Federal law(true for any Credit Card processor). Not so for Panama-based Coinbase. |
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Why are you singling out Coinapult? This is equally true of Circle or Coinbase, and many other hot wallets. This product has its role in the marketplace and not intended for you. Circle and Coinbase let you send bitcoin to an email/sms address? |
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Thanks for pointing this out! This doesn't work as a link it appears, as the policy is displayed as a modal using Javascript. If you click on "Privacy Policy" in the footer, it should work. We'll fix this anyway, in case people send each other links. Ah, I see. the fact is you are given NO guarantees here. these sorts of databases are marketable information. So be careful what youre really spending when you're using a "free service". |
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I've heard good things from friends about coinapult. I just looked through the site and it looks to me like they don't demand the kind of information that would compromise a user's privacy. They provide tools. Obviously if someone doesn't care about their privacy it's easy to use the tools in a way that leaks information. That said, I will admit I was a little disturbed that the following link seems to be broken (for me at least): https://coinapult.com/privacypolicyThe privacy policy is a dead link. LOL That's rich! whups.  |
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There is no way to provide such a service without connecting bitcoin addresses to email addresses.
really?Yes. so you're saying there is no way to email someone bitcoin without submitting your email address to a centralized service such as Coinapult? |
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There is no way to provide such a service without connecting bitcoin addresses to email addresses.
really? |
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The OP is full of FUD. Blockchain.info, Coinbase, and many other wallets also allow users to VOLUNTARILY send bitcoin via email address and text message. As this is entirely voluntary and the information given by the user is absolutely required to complete the transaction, it is hardly a secret. As far as Panamanian consumer protection laws, we hold ourselves to a higher standard of privacy than any government. Panama at least doesn't REQUIRE companies to violate consumer privacy like the US and other countries do. Ask Coinbase, Circle and other US-based services about that, if you are concerned about the security of your information. translation: you have no protections. and... if you send someone bitcoin using Coinapult you : 1) reveal a connection between that email address and your bitcoin address 2) reveal a connection between the recipient email address and their bitcoin address(es) 3) this correlations can be cross referenced to other databases that increase the accuracy of identification X 1000 or more. this isn't FUD. This is a real hazard for Coinapult users. |
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Supposedly
The plea deal was a little "light" in my opinion.
Hum, you accuse his company and he doesn't "understand" the problem. Funny that.
sure is. The problem is not only is it a problem for anyone who enters in THEIR bitcoin/email/sms but for whomever they may SEND it to! also note that in Panama there are ZERO consumer protections for ID material, ie. Erik Voorhees can do what he wants with the information- sell it, use it, anything.  |
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according to his statements Voorhees either doesn't understand the security implications here, or doesn't admit to them.
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Voorhees renounced US citizenship? Was there any public indication of such a plea bargain?Here's a conspiracy theory for you. What if data collection was a secret condition of the SEC plea agreement. Nah, why would someone that renounced his U.S. Citizenship care about the SEC. The SEC’s order finds that Voorhees actively solicited investors to buy FeedZeBirds and SatoshiDICE shares on a website dedicated to Bitcoin known as the Bitcoin Forum. Voorhees also publicly promoted the unregistered offerings on other Bitcoin-related websites as well as Facebook. The first unregistered offering was explicitly referred to as the “FeedZeBirds IPO.” Despite these general solicitations, no registration statement was filed for the FeedZeBirds or SatoshiDICE offerings, and no exemption from registration was applicable to these transactions. |
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