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Author Topic: LootID.com - free service to link your wallet to your email  (Read 365 times)
LootID (OP)
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August 18, 2016, 12:46:07 PM
 #1

Hi Everyone, My brother and I put together a free service that allows you to associate your bitcoin public key/address with your email to make it easier for people to send you bitcoin. Please go to http://lootid.com and check it out.

We believe that better usability is the key to faster mainstream adoption of bitcoin. Let us know if you have suggestions to improve it.   

http://lootid.com
Trust in Math, the Cure is Crypto
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August 18, 2016, 12:51:34 PM
 #2

Hi Everyone, My brother and I put together a free service that allows you to associate your bitcoin public key/address with your email to make it easier for people to send you bitcoin. Please go to http://lootid.com and check it out.

We believe that better usability is the key to faster mainstream adoption of bitcoin. Let us know if you have suggestions to improve it.   

http://lootid.com
Trust in Math, the Cure is Crypto

It's a nice idear, but i think the issue here is trust: how do we know you won't switch our address with one of your own?

This way, we'll be telling people: if you need to send coins, just look up our address on lootid, but in reality they'll send coins to your address instead.

I'm not saying that this is what you'll do, i'm just pointing out what i think is a flaw in the logic used here.

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LootID (OP)
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August 18, 2016, 01:04:57 PM
 #3

Hi Everyone, My brother and I put together a free service that allows you to associate your bitcoin public key/address with your email to make it easier for people to send you bitcoin. Please go to http://lootid.com and check it out.

We believe that better usability is the key to faster mainstream adoption of bitcoin. Let us know if you have suggestions to improve it.   

http://lootid.com
Trust in Math, the Cure is Crypto

It's a nice idear, but i think the issue here is trust: how do we know you won't switch our address with one of your own?

This way, we'll be telling people: if you need to send coins, just look up our address on lootid, but in reality they'll send coins to your address instead.

I'm not saying that this is what you'll do, i'm just pointing out what i think is a flaw in the logic used here.

Ahhhh... Didn't really think of that. Good one. Maybe more transparency on who we are may help alleviate those fears. Then again maybe it won't.  Cheesy

Anyway, we will have to think about that. Thanks for the input.
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August 18, 2016, 03:57:17 PM
 #4

It is interesting idea, but I wouldn't do it. Why? Because it is totally insecure method, you have no way of convincing me that your email-bitcoin address linker is trustworthy.
I would rather use standard alphanumerical addresses that trying more convenient way which can in the end bite me in the ass.

Until you will come up with perfectly transparent way of explaining how your system works and is safe I would advise against using it.


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August 18, 2016, 05:04:51 PM
 #5

Yeap, Newbie + free service + your wallet
seems legit and trustful Roll Eyes Roll Eyes Roll Eyes

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LootID (OP)
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August 18, 2016, 08:11:37 PM
 #6

Okay... Got it.

Actually we are some pretty well off IT guys(both of us are IT managers at fairly large companies). We were just hoping to turn this into a side business by introducing paid services later.

In addition, we are big bitcoin fans and just want it to flourish.

I guess AutoDistrust=enabled


Still, thanks for your input.
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