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1  Bitcoin / Project Development / Re: Peso ID - Short Bitcoin on: March 17, 2021, 02:14:48 PM
Thanks again for all the feedback, we have taken your concerns to heart and reevaluated some of our security choices. A wallet shortener seemed like a good opportunity to showcase our name system, however we did underestimate the trust implications of deploying it without having transitioned to a decentralized structure first. In conclusion, we will postpone all features scheduled for v1 and fast-forward to Peso 2.0, introducing the Peso Name System.

TBA
2  Bitcoin / Project Development / Re: Peso ID - Short Bitcoin on: February 10, 2021, 06:33:01 PM
Interesting idea but maybe you should also add option for making custom url links, for example if I want to make custom characters for my address.

Yes, will be possible soon.


I appreciate what you're trying to do, but you're touching the basics of Bitcoin by creating a service that turns an address into something people have to trust a third party with. We've seen malicious QR code generators and clipboard malware already. This just adds more risk.

We are well aware, and it's not our goal to unnecessarily add trusted parties. Keep in mind it's just the beginning, we are already working on a fully decentralized name system.


Start with Lightning Network, it's for small transactions and you won't need a lot of trust.

Good idea, Lightning support is scheduled for Peso 1.3


Interesting service to offer. However, I don't like the way you are posing your website/service without any prior information or notice regarding what you do.

For example as soon as I click the site link it directly takes me to the shortening tool. It is all right if I already know what peso does, but how do you convince unknown people what it is or how would they know what peso does. You must think on that end (?)

The site is as basic as possible for the sake of simplicity. We aim to keep it self-explanatory though and will add information as we introduce new features.
3  Bitcoin / Project Development / Re: Peso ID - Short Bitcoin on: January 09, 2021, 04:27:57 PM
Thanks for all the feedback, going to address some of the questions.


How do you monetize on this?  

We will add a link to an affiliated instant exchange at the bottom, in order to enable simple payments with other cryptocurrencies. Optional of course, and the only monetization we will ever introduce. No ads or paid subscriptions.


An interesting service when it comes to sharing our addresses but I'm a bit worried if suddenly it changes into another platform meant for scamming [by changing the addresses] or a target for scammers to take control of your back-end and mess up the whole system...
- What measurements you've taken so far for combating the latter issue?


There is almost no surface for attackers to target.. The address bar and delete link are the only inputs so far. Regarding the former issue: Peso will move towards decentralization, which should prevent this threat in the future. Until then, there is no way for us to prove our intentions other than becoming more established over time. Obviously never blindly trust an address from any intermediary and always double check.


I pasted a new address, deleted the link, waited a few seconds, and entered the same address, it gave me the same link

That's intended, the Peso ID is always the last few characters of your Bitcoin address.


No github? This platform isn't even an open-source one despite of it being so simple... or is it just a shortener or might be something else? I won't be using this until you've published its back-end.

It will become open-source at some point. But until Peso is decentralized, we're in control of the domain anyway and could simply run different code on the webserver than the one published on Github.


How will you deal with collusion?

More characters.


I'm comfortable sending the real BTC address actually to ask for payment. Not QR code nor short URL but REAL BTC address. There is just no room for mistake t=when doing so.

Surely the way to go in most situations. But think of other scenarios, e.g. when you need to share an address in a phone call or to send it from one device to another. Also Peso will go beyond just sharing addresses.. stay tuned Cool
4  Bitcoin / Project Development / Peso ID - Short Bitcoin on: January 04, 2021, 11:45:32 PM
Peso ID is a simple Bitcoin wallet shortener. Turn any address into 3 characters: https://peso.id
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