(Why start up a whole competing background check company if one can already buy background checks?)
I don't if there is an existing one, but at this point I feel like Mathew's UABB is somehow trustworthy (just by looking at his photo and reading his posts on the forum). Other firms? hell, we'll need to verify them before we can trust them, and who's going to do that if not Mathew?  |
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ok so,
what can we do to restore some confidence in bitcoin??
my idea.
we should build a "web of trust"
a place where everyone can place reviews for all the bitcoin stores and services, in an attempt to weed out the good from the bad
your ideas are welcome
I had, and still have, full confidence in Bitcoin, with this crash and the next 20 to come (can't say anything about the 21st one!). I think that giving Mathew what he wants and letting him audit Bitcoin services and give his UABB seal of approval would greatly increase confidence in bitcoin businesses. The problem is that every 15 year old is setting up a business today without thinking about what happens if things take the wrong turn (no offence, BitMan, I totally support you and your projects!). An entity like the UABB is something that comes out of trust that the Bitcoin community gives to the auditing entity, he seems a reliable guy that knows his shit, and he can take care of validating businesses and making sure they're not spoofed or run by someone who cannot afford to make a wrong turn... And it doesn't need to be run on donations, every business that wants to get the seal of approval from the UABB will have to pay a sum that the UABB will define in advance ($100-$500 seems reasonable) that will cover the cost of the background check. Bitcoin is safe, the problem is problematic businesses. |
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Regarding valuation, if anyone offers me a $50k check with my companies name on it, I will most probably sign 10% on the spot, for anything other than that, we'll have to discuss about it, and it would probably be a bit more personal (skype/face-to-face meeting).
How do you justify your present half a million dollar valuation? Does your power point presentation worth that much or is there something else? That's what I'm willing to sign off if offered on the spot, like I said, for other numbers we can have a private talk. I don't justify the valuation, I need the sum of money presented above, for a period of 6 months and the 10% is what I feel comfortable signing off from my company for that kind of investment, we can talk about shorter terms (2-3 months milestones) and different valuation - again, privately. And I'm open for counter offers that sound more reasonable to you... Although the project is in its infancy, it does gained some popularity in the 6 weeks that it exists, and I feel like I have a decent plan going with it financially, both for the long and short terms. But I may be wrong an this maybe over estimated, let me know what numbers you had in mind. |
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How much are you looking to get from investors? Can you or will you take smaller "seed" investors (such as myself?). Have you valuated your company/project yet?
I second that. Could be interesting if that is done properly -as investment. Yes, I'm considering all my options, and a small seed investment is something that is the best way to go. I'm generally looking to secure around $200-$300k for a year of development, but that's including some (3-4) employees and the general mishmash of managing a full-blown startup, and I have a hard time believing that someone will drop a $200k in advance in a Bitcoin project. To be more realistic, I need $45 to support myself and the company that I have for around 6 months, and I would really like to have a full time Python developer, that would be around $50-$60k for 6 months as well. Those sums are not exactly big when it comes to investment, they are not small nonetheless, and my guess is that the investor that takes up the offer will setup some kind of a milestone for two-three months after the initial investment to see where things are going and if they're heading in the right direction, and then invest the extra funds needed. Regarding valuation, if anyone offers me a $50k check with my companies name on it, I will most probably sign 10% on the spot, for anything other than that, we'll have to discuss about it, and it would probably be a bit more personal (skype/face-to-face meeting). |
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All of these IMO...
Lets get to work!
Aye aye Captain'! |
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I have successfully transferred bitcoins into my head. They can't be hacked. They exist nowhere but in my head. If I die, they die with me.
As crazy as this sounds, it's true.
I simply picked a passphrase, and turned it into a bitcoin address with my open source Casascius Bitcoin Utility (available from github). When I want to spend the funds, I will simply use the same passphrase to generate the same private keys, import them into a real wallet.dat, and then spend them.
What's my purpose in making this point? While the entire Bitcoin community is reeling over the loss of Mybitcoin.com - not just the site, but the realization that keeping bitcoins in a web wallet is fundamentally flawed - I really want to pound in the idea that bitcoins can be kept on paper and in the form of codes or passphrases. And when people do this, the bitcoins cannot be hacked.
Every sentence you can think of, corresponds to a Bitcoin address. The bitcoin address can be given out freely, the sentence is the password that allows spending of bitcoins. Once upon a time, I stored 0.25 bitcoins in the sentence "This string contains 0.25 BTC hidden in plain sight."... others were successfully able to retrieve the 0.25 BTC given the sentence.
The future of practicing safe Bitcoin is for people to be able to keep their private keys offline. If you operate a Bitcoin-based website or exchange or are working on client code, please, for the future of Bitcoin, include the ability for people to enter and redeem the funds off of hand-typed private keys.
Could you explain the process behind those apps? I'm thinking of using a different type of wallet along with my Safebit wallet, one that will allow users to move addresses from place to place rather than them being attached to a singular wallet file, which I find extremely inefficient and quite simply a stupid idea in the first place when you can store individual addresses and manipulate them directly. |
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Hey, Eli. "The Phin" (seems like this guy changes his name weekly) here.
Not sure what you mean by that, is it aimed at me? That's the only name I've used on this forum. I've commissioned my brother-in-law to fashion a physical hand tooled leather wallet based on your images at http://bitco.tumblr.com/. It should be ready by the end of next week, whereupon I'll showcase it here on this forum. I WANT ONE! I have an ear-to-ear grin right now, this is just so awesome as an idea! Here's the highest resolution image that I have of the wallet: |
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Ok so maybe we are not going to mars lol. But anything that can help the community that people can buy shares for? ideas? I really would like to start something like that!
I'm developing Safebit Bitcoin Wallet and haven't seen any love from the big names of Bitcoin. I'm currently actively seeking funding for the project, so if you're interested in something that will improve Bitcoin in general and also has a high probability of being profitable you can invest in Safebit |
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How come you didn't show the price blip and dip?
Because for me it's not a representing the overall trend, as you noted it was a blip and dip, these things happen and they are only interesting at the time of their existence, afterwards it's just a tiny anomaly. All of the investors that I have ever done business with take a very dim view of hiding pertinent data. And if you don't think the blip and dip are important then we think very differently. Good Luck I'm not hiding any data. The way the numbers are factored in is by taking the first week of every month and looking at the numbers. You can see in [utl=http://www.reddit.com/r/Bitcoin/comments/j423v/im_trying_to_get_some_historical_data_on_bitcoin/]this reddit post[/url] that I've asked about this and got little to no help, and also check out [utl=https://spreadsheets.google.com/spreadsheet/ccc?key=0AsACp255EvXsdFFpMTRmX2lrdHl0aHZ5bHltaGQxVEE&hl=en_US]this google spreadsheet[/url] to take a look at my numbers. And whether it's important or not - perhaps now it looks important to you, but I believe that if we take things into perspective, it's not going to count much in the near 3-4 months. There were quite a few such blips and dips before and they are simply ignored today because they are not more than a slight change in the historical data, practically unnoticeable. How important they are? I simply don't know... |
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I've started working on the part of sending/receiving coins a couple of weeks ago on Safebit, and until this point I was using the regular net, which isn't very smart... I've learned about testnet a while ago, and now I'm going to use this while developing Safebit. So if you be kind enough to send me some coins or let me know what's the fastest way of getting coins to my client on the testnet, I would greatly appreciate it The addresses that you can send to my testnet wallet are: mktfjrpmvEsnQK7ppxhKd9sQaGjSR1PYXD mnCoz3YF2md4SC6rX7NZnycZZ1dZcE7WT6 mijBKXCDo3xKbKPYX6iwNyG6rTu4LZMcDh msGZLN5GEAdW2EA9BUEttbGH2mg2Tyqg6n Thanks |
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When will there be a version to test (Mac or Win)?
Thanks.
Looks great by the way!
Basically you could run this on Mac or Linux right now. That being said, I wouldn't recommend anyone to start using it in any form at this time, it's in early stages of development, and bad things can happen to your coins if something goes wrong... |
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its gonna be difficult to get users to trust ANY form of online wallet with the mybitcoin fiasco.
how are users to know you just won't pack up and leave with all our btc
An online wallet is only a part of it, for the most part it's a local wallet designed to work directly from your computer. |
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The thing I want most of all in all the whole wide world is a way of managing multiple wallets and distributing funds between them.
Having to keep track of multiple wallets is a nightmare using the official client. I'm sick of renaming wallet.dat files and then trying to work out which wallet has what funds.
I want 99 encrypted wallets and 1 unencrypted with my money distributed throughout them all. I'm happy to wait 1/2 an hour for the wallets to be generated.
You can see that in the initial mock-ups there is a small line that shows which wallet file you're using. This feature, of managing more than one wallet, is something that I too think is essential in a Bitcoin wallet, and it's going to be baked in to the client from the get-go, so you're in luck By the way, why the unecrypted wallet? for day-to-day use? |
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How is it open-source if it has re-distribution copyright limitations?
Open-Source means that the source is open for everyone to view and review, it doesn't necessarily means that you can do whatever you want with the source (i.e. use it under a different brand and say that you've made the product). You can make money if you maintain a widely used version through things such as paid support and sponsors such as embedding amazon shopping features (As you appear to show) into the program for some commission or fixed deal.
I don't know how you plan to make money though.
Like you've already concluded, Safebit will generate profits using surrounding services, like the Smart address book, Secure Store for your wallet file, secure offsite backup, and other services that I'm still developing in my head. You can check out a small presentation I'm working on for potential investors over here: https://bitcointalk.org/index.php?topic=34175.0 |
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Question: Is this a self install service or a centralized service (i.e., wordpress.com or wordpress.org)?
If it's .org, I wholly support. If it's .com, not in the least bit interested in another centralized service.
Like Wordpress - Both. Safebit remote will allow access to your wallet from anywhere, something like a hosted wallet (not exactly though). Safebit local will let you use it locally on your own hardware with no strings to the remote service. It's up to the user to select what kind of security they chose. |
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How come you didn't show the price blip and dip?
Because for me it's not a representing the overall trend, as you noted it was a blip and dip, these things happen and they are only interesting at the time of their existence, afterwards it's just a tiny anomaly. |
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good work, looks good.... just need the members now.......
You're looking at him...  |
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I'm working on a presentation to showcase Safebit to investors as an investment opportunity and I'd like to get some yes on the presentation before I wrap it up. Please let me know what you think, and if you have tips for me, let me know!         For those who are interested in knowing who's behind Safebit: Safebit is a project started by myself, Eli Sklar - my full real name as registered in Israel I own a registered company in Israel, the registration number for my company is 514543479 You can check the full details as it is registered in Israel: http://147.237.72.24/WebOJSite/CompaniesDetails.aspx?id=514543479 (Hebrew only, I'm afraid). This: http://dl.dropbox.com/u/1290056/Gridct.pdf is a signed document by the Israeli Department of Justice that this company does exists and is a registered business in Israel, it's in Hebrew but you'll get the spirit of things... I can provide any other details that you may need to prove that this is a legit business. |
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