Nothing more than integrity and a desire for credibility and good reputation I guess. What's to stop any software you install on your computer from stealing your wallet.dat? It would be an inefficient theft on the part of the plugin developer because they might only be able to steal a relatively small # of wallets before they were called out on their deed. whats stopping the app from sending all your coins to the creator of FireCoin's?
agreed, as is the case with lots of bitcoin apps... Trust required! maybe the creator could put up the code as an open source project on software forge, this would give me peace of mind. be sure to review this app. on http://www.thebitcoinreview.com/ - Help us build trust |
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this seems weird to me ...
once install this service can SEND COINS for you!
whats stopping the app from sending all your coins to the creator of FireCoin's?
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Hi, this is the owner of http://www.thebitcoinreview.com/A list of bitcoin sites for users to brows and review I would like to also post links to all the products and services all of the bitcoin sites offer I am contacting all major bitcoin site owners and asking them for a xml feed to their product list PM me if you are interested |
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+1 for bit munchies. Despite my request for an unorthodox delivery method, I received my order just fine.
Thralen
reviews like this are very valuable help us weed out the bad and promote the good consider using http://www.thebitcoinreview.com/ |
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I'm sure this has probably been discussed, so please point me in the direction of those threads if it is true. What happens if the value of a bitcoin reaches a level where it's easy for an entity to buy a large chunk of them and then send them into oblivion? Could the system sustain a loss of 5 million coins? At what percentage loss would the system be unusable? Also, if we lose just 1/5th of a percent bitcoins per year (due to mistakes and what not) we will lose half the available coins in 210 years. (I hope my math is correct  ) if lost coins becomes a problem we will simply start mining them back! |
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The problem with all that export/import stuff is the double spend. If you import my key into your wallet I can still spend the coins. If you transfer the coins, I can use an attack with a pre-mined block that invalidates the transaction.
Since you need to wait for confirmations anyway, I also prefer DeathandTaxes' method. And you can use green addresses if you don't mind the "centralization".
i still think e-mail method should be put in the client. it sound relatively easy to implement, and it adds user friendliness, poeple lost a lot of coins because of user error while backing up a wallet... the bitcoin client should implement solutions for all the reasons we play with the wallet.dat, as to prevent Human error .. and Third Party Error! |
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While alternate methods involving exporting keys, and one time wallets might develop....
one time wallets should be developed, as part of the client... maybe even throw in a button |email| 1BTC - To: adam.stg@hotmail.com - encrypt wallet OFF! easy payment, fun payment addendum: E-mail was revolutionary when it went main stream, Bitcoin just makes Everything a little Bit:better |
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It takes about thirty seconds to load but it eventually happens.
this site is kinda like the bitcoin Wiki, only it loads in 1 sec....
http://www.thebitcoinreview.com/ |
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Not spending your bitcoins is the worst thing you can do to the bitcoin economy. Buy things, pay for services, play games, hoarding your coins is not only boring but does nothing to increase the value of your coins.
yes! spend alot of bitcoins and hold alot of bitcoin this is the best kind of person for the bitcoin economy |
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whatever happens. and how many is it?
my number:
100
what's the point of never selling them? am i to assume that means you would also never trade them for goods or services? the point is.... you believe, bitcoin dose have its ups and downs but the value could one day be very high, there for it is a good idea to to hold some... until retirement! i hold 50BTC, but i'm hoping i hold 1,000 bitcoin b4 i retire ..... by which time 1BTC=125.99us Investment! |
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The best technology to bring to a face-to-face BTC transaction is enough muscle to make it not worth the risk to attempt a robbery, and a location where one would be cumbersome.
Beyond that, I should think that a simple transfer using something like instawallet would be fine, but have not really researched the service for larger BTC transactions. If Instawallet pulled a MyBitCoin in the 20 minutes or so that I would need them to be working, that would suck, but a risk one takes I suppose.
but why take a risk? the buyer e-mails you his wallet.dat (which has a password on it *now avaible with the new client 0.4.0) when the buyer get's to your place all he has to do is tell you his password, and you can transfer the funds. anyone see a problem with this dead simple method? |
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maybe have the buyer prepare a wallet.dat with the agreed amount, which he will save on a usb
when he gets to your place, take his wallet.dat from the usb he brought and transfer the funds.
end of story?
EDIT: the user could also e-mail his wallet.dat to him self, if he doesn't have a usb
another idea! Dead simple
the buyer e-mails you his wallet.dat (which has a password on it *now avaible with the new client 0.4.0)
when the buyer get's to your place all he has to do is tell you his password, and you can transfer the funds.
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so say i send you 10 BTC
you use those 10 BTC + everyone's investment .. buy low sell high buy low sell high buy low sell high buy low .....
15 days later you give me back ~10.6BTC?
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this service not a bad idea.
if you can pull it off and you fell it renders the wallet un-steal-able ... i think you should sell insurance " use my software to store your wallet and i guaranty 100% your funds , *for a smaal fee* "
this could make money if its well build.. BUT 1 flaw and you could end up owning millions of bitcoins...
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