Probably there are too many similar projects, wasting valuable energies. But still, it's very hard to tell which one will have real success.
Another good point, but innovation still counts if you can still do the same thing faster. However, its detering for people to do that without support. |
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We can't even fund Core or Armory development at a sustainable level. -But we're always talking about funding NEW projects by unknowns. Almost every project which is able to acquire needed funding which doesn't snag corporate or angel funding is hyped so much with 200+ page threads over a couple months' time, "boring" fundamental stuff is completely ignored. Corporate/Angel funding really muddies the waters, too. For example - when I fund Armory, am I funding development or am I funding Trace? -and why should I donate to Core development when developers are being picked up by corporations? Those points don't seem too relevant though, given this wasn't always the case for either and they took "centralized" funding because we couldn't put out enough. -And Core has a separate problem, where donation options aren't really given to user.
I'm not sure if this community just doesn't have the capacity to sustainably fund fundamental development or if projects have just been going about it the wrong way.
I agree entirely. Too much wasted on hype projects. If we could give the funds contributed to something like etherum to the core devs I suspect well see a lot more progress than what we've seen. I'd love to see what the devs think about this if theure watching this thread. |
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People say it, but ill say it again. Bitcoin is a community, however, recently I've noticed a theme. People are often missing the important innovative projects. I see things like etherum being funded but darkwallet, a project of a good supporter of the community runs dry until someone posts a rant like this. I see the attractiveness of some of these projects, the promise of money. Do people realize that this way of moving forward won't change anything? These viable projects are often worth millions, look at bitgo. 12 million in funding due to their stellar team and wallet Tech. The money is deserved, however, this serves as an example of what and why funding can do for a project. Simply look at some of these project's (will add more later on phone) These projects promise coins in return. Let's be honest most of these currencies won't amount to much (truth be told). I think we need to rethink how we decide projects to support. A lot of these projects are just hidden wealth, contributions go far. A lot of these projects just resolve to VC. They shouldn't have to, they're often giving an amazing innovation to the community for free. Can't we show a little aptitude towards these projects? I've talked to a lot of project owners. From the guys at darkwallet, bithalo, bitgo and so on... I know the difference funding can do to some of these projects. Remember trezor? Adding more soon and adding links on phone atm Some viable projects; If you have a project please list it below with a link a description thanks. To not seem like a douchebag I didn't list my teams project you can find its announcement in my signature address; 15yqW7NaGUbq1B3WZ6Th1m1XNaMaiSzHar Whenever I see a Donate with Bitcoin button or an address added to a site I frequent I will donate ~10 USD. Its sad to see how much money Stellar and Ethereum have raised in such a short period of time compared too worthy projects. Just a side-note, maybe some places needing funding can offer a t-shirt or hat for a donation. (10 dollar t-shirt, accept a 25 dollar donation in BTC/Fiat) Not only would it help earn 10-15 dollar donations, but people who donated will then advertise the software by wearing the shirt. That's a good idea. But I do agree there is a big discourse between hype and innovation. |
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Good point, but this isn't about short term gain. It's about substance and a viable ecosystem
my investments are not about personal profit (i got enough coin, so making money comes 5th place to me). but i only invest if that project is going to actually bring some BIG benefit to the bitcoin ecosystem. and now you know why i tried getting info out of you frozenbit. why i tried asking you to add certain features (different log in methods or even a simple pushTX), and your replies.. well as you know i didnt help you out financially.. hmm.. that reminds me, the "subtle" part 7. dont let on to a business your interested in investing. just act like its due diligence or just being nosey Besides frozenbit ( http://frozenb.it) there are plentiful projects available. Especially armory. Immensely underfunded, but very popular. We've gotten support from the community, we've just recently hired 2 more people. |
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so stay tuned for beta, our alpha testers have helped us hammer out alot of bugs.
Will it be an open beta? Yes it will. We hope to be up very soon, we've just hired some new members of our team a ux designer and another engineer. Don't forget the new domain is http://frozenb.it |
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A lot of us really don't have a lot of Bitcoin to throw around. If it was me, I wouldn't mind doing a bit of investing if it meant a reasonable chance of making a good return on investment. And for me that means giving projects the same level of scrutiny that any smart investor on Wall Street would give to something new.
ive done ALOT of investing and if you do come to a point of having enough wealth to invest in a project keep these things in mind. oh and be subtle about how you ask for the info, you can tell more about the project by HOW they reply, more so than the details they reply with. which combined with these (atleast) 6 points will help you decide: 1. what is the purpose of the project 2. what niche market it will fill 3. what potential it has for growth/usage in the practical and real world 4. whats their 5 year plan 5. ask them to lay it out in specific detail.(most important) 6. ask for current progress and proof if they seem evasive or very weak on the details, where it sounds more like a brain fart rather than a well thought out and planned project, DO NOT invest. for every 1000 scammy money grabs idea's, you may only find the 100 brainfarts and of those 100 brainfarts you may find 1 single feasible project. so dont just throw your funds around. Good point, but this isn't about short term gain. It's about substance and a viable ecosystem |
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Could someone tell me about etherum, I dont know what it is because I havent been much here lately.
It's a new crypto platform that's supposed to promise ether currency. |
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People say it, but ill say it again. Bitcoin is a community, however, recently I've noticed a theme. People are often missing the important innovative projects. I see things like etherum being funded but darkwallet, a project of a good supporter of the community runs dry until someone posts a rant like this. I see the attractiveness of some of these projects, the promise of money. Do people realize that this way of moving forward won't change anything? These viable projects are often worth millions, look at bitgo. 12 million in funding due to their stellar team and wallet Tech. The money is deserved, however, this serves as an example of what and why funding can do for a project. Simply look at some of these project's (will add more later on phone) These projects promise coins in return. Let's be honest most of these currencies won't amount to much (truth be told). I think we need to rethink how we decide projects to support. A lot of these projects are just hidden wealth, contributions go far. A lot of these projects just resolve to VC. They shouldn't have to, they're often giving an amazing innovation to the community for free. Can't we show a little aptitude towards these projects? I've talked to a lot of project owners. From the guys at darkwallet, bithalo, bitgo and so on... I know the difference funding can do to some of these projects. Remember trezor? Adding more soon and adding links on phone atm Some viable projects; If you have a project please list it below with a link a description thanks. To not seem like a douchebag I didn't list my teams project you can find its announcement in my signature address for frozenbit; 15yqW7NaGUbq1B3WZ6Th1m1XNaMaiSzHar |
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thanks for the submissions we'd like to hear more from you guys!
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Looks cool!
Consider including XST (StealthCoin) and Cryptonote (XMR) support!
We will keep those in mind. We have alot of plans in the future, stay tuned. Also we will be launching very soon, so stay tuned for beta, our alpha testers have helped us hammer out alot of bugs. |
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Registration and login don't seem to be working. The first time I tried was a few days ago, I jus tried again and still no luck.
Sorry about that, currently it's still in development. However, this stage is allowing people to explore the site without any risk. If you any design tweaks or issues you'd like to report your free to email me. Thanks - Calvin No problem, do you guys have an ETA until beta testing starts? Our last goal was mid July, It passed. However, we've been working with developers of alt-currencies to support them. We are aiming for Mid-august now. If you like the project you could always throw a bit our way: 15yqW7NaGUbq1B3WZ6Th1m1XNaMaiSzHar |
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So far we're supporting Litecoin, Blackcoin, doge, bitcoin and quark.
Any other devs who want to work with us to support their currency should message and leave a comment below.
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Registration and login don't seem to be working. The first time I tried was a few days ago, I jus tried again and still no luck.
Sorry about that, currently it's still in development. However, this stage is allowing people to explore the site without any risk. If you any design tweaks or issues you'd like to report your free to email me. Thanks - Calvin |
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http://www.cryptocoinsnews.com/news/frozenbit-trustless-open-source-multisig-multicoin-multiplatform-wallet/2014/07/27Fully securing our cryptocurrencies in a trustless manner has consistently been an ever-present problem. FrozenBit aims to solve this as the first open source multisignature / multicoin wallet via a trustless approach; with support to include Bitcoin, Litecoin, Dogecoin, Quarkcoin and Blackcoin. Moreover, they are attaining to do so by way of end-user simplicity. The driving motivation behind FrozenBit is to create a wallet that has all the conveniences of a hot wallet, while at the same time providing the security of a cold storage wallet. Calvin (FrozenBit Project Lead), summed it up this way: “Thus allowing Bitcoin to expand from a technically efficient niche, to a more consumer accessible niche with “bank-like” features. But don’t worry technocrats, we still have features on the way that we feel you’ll enjoy.” Earn Bitcoin Points by Registering a user on CCN or Join our Mining Competition! CCN FrozenBit Key Features 2-of-3 Multisignature Wallet security. The truly great thing about this type of setup (aside from completely avoiding getting Gox’ed), is that not even the creators of FrozenBit can abscond with your bitcoins. In a nutshell, 2-of-3 multisig wallet security allows three completely separate public wallet addresses to form a unique trustless coin storage address that starts with a ’3′. One wallet address initiates the transaction, and one of the other two wallets signs the transaction into effect onto the Bitcoin network; avoiding a single point of failure. Interestingly, they are also experimenting with Trezor wallet key generation and management. User-controlled wallet keys. In their greater wisdom, they’ve decided to make the in-browser generated wallet keys the sole responsibility of the end user. When initiating transactions, only the encrypted public key is on the server. Heightened security. 24/7 wallet transaction monitoring is available. This action is verifiable via the FrozenBit offline package available on Github. Consequently, this also means you can generate dedicated cold storage wallets. Additionally, two-factor authorization (2FA) is required via an SMS pin whenever you attempt a coin withdrawal. Multiplatform. The FrozenBit Dev Team currently has an Apple app and an Android app pending approval, as well as a completely offline desktop multisig wallet client for more advanced users. Referral program. For more marketing-minded users, FrozenBit offers 0.005% referral commissions of referred coin deposits. There’s a 0.0002 BTC minimum payout threshold, paid directly to the referrer’s wallet. Concerning FrozenBit privacy issues, Calvin had this to say: “We are committed to privacy and wanted everyone to know we would rather move jurisdictions than submit user information.” FrozenBit Roadmap These are a few of the exciting FrozenBit developments on the horizon: HD Wallets. This feature will allow users to create multiple addresses in their FrozenBit wallet, instead of just one address per wallet. Real-World Escrow Situations (RWES). Unlike FrozenBit’s multisig wallet predecessors, RWES will allow three emails entered at registration. Each email address would then receive a login that generates a unique key (1 of 3). in turn, transaction initiation would occur via one of keys sent to the other email addresses. This will allow people to pool money together without fear that one, or the other will abscond with the coins since they would no longer have the means to do it. In essence, they’re creating a no-fee escrow sans technicals headaches. Watch Only mode. This will allow users to track their holdings in an unspendable manner. Proof of Reserve. This is the equivalent of a publicly-viewable bank statement; except via a new offline (i.e. cold storage) multisignature address and corresponding public page which can be shared with customers to prove you own the address and funds. For more information: http://Frozenbit.ioDisclosure: this author has no vested interest in FrozenBit.
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I want to invest if you have good ideas come and talk to me i am interested in investing !
No scammers i will smell you a mile off !
Hey there! I have a project that may interest you. If you'd like, send me an email at frozenbitio@outlook.com or send me a message on site. |
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New feature listed!
"Proof of Reserve: The biggest issue among the Bitcoin economy, which is constantly stated as a something that could be it's downfall is trust. We've decided to create a solution to this issue. Proof of Reserve, think of this as a bank statement; except all your customers can see it. Using this features creates a new OFFLINE address (coldstorage) that's multisignature. It also creates a corresponding page which is public and can be shared among customers to prove you own the address and funds. Customers can trust that address as being both issued by FrozenBit, and being owned by you or your company. "
P.S. We are based in California and these new laws does not directly affect us, as it directly affects our customers. We are committed to privacy and wanted everyone to know we would rather move jurisdictions than submit user information.
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