Swedish ASIC miner company kncminer.com

[soy]

link to KNC wallet. http://beta.kncwallet.com/

I think they are trying to compete with their friend Josh at BFL and their wallet idea.

I use to tell my friends that keeping their bitcoins at MtGox was as safe as any other choice.  God does it look like I was wrong.

[matthewh3]

link to KNC wallet. http://beta.kncwallet.com/

I think they are trying to compete with their friend Josh at BFL and their wallet idea.

I use to tell my friends that keeping their bitcoins at MtGox was as safe as any other choice.  God does it look like I was wrong.

How can giving ownership of your private keys to someone else be 'as safe as any other choice' 

[Biffa]

link to KNC wallet. http://beta.kncwallet.com/

I think they are trying to compete with their friend Josh at BFL and their wallet idea.

I use to tell my friends that keeping their bitcoins at MtGox was as safe as any other choice.  God does it look like I was wrong.

 

https://bitcointalk.org/index.php?topic=170332.msg4921836#msg4921836

[joeventura]

link to KNC wallet. http://beta.kncwallet.com/

I think they are trying to compete with their friend Josh at BFL and their wallet idea.

I use to tell my friends that keeping their bitcoins at MtGox was as safe as any other choice.  God does it look like I was wrong.

How can giving ownership of your private keys to someone else be 'as safe as any other choice' 

Paper wallets created by a clean computer off the Internet is the only safe storage of coin.

Lord knows the way things are going someone will figure a way to muck that up too

[Syke]

Tricky sentence, but I guess "The code is open source" refers to Andreas code, and not KnCwallet.
(no reference found on github for kncwallet)

There's nothing tricky about it. If they use any of Andreas' GPL sources, then their code is also GPL. KnCWallet by definition is open source and the sources must be released. Furthermore, the EULA they require is illegal for a GPL project.

[opentoe]

I finaly received the activation code aobut 1 and 1/2 hours later.  Entered the code and it's working.  No $5.00 worth of bitcoin.  Guess I am not one of the first 1,000 user.

Seriously, why in the world would KNC want their own wallet program? How does it benefit them?

I could think of several venues:

1. the will make this 'wallet' a default for planB
2. they will get money from those who will send ads to people with bitcoin
3. they want to help snooping by those who think they are entitled to it (what do we know about this company anyway?)
4. they will charge you a little extra for bitcoin transfers
5. they want to become a bitcoin bank with possible P2P lending. afterall, Kinemaar background is in banking IT.

Why would anyone use online, internet wallets, smart phone wallets, or keeping their BTC's online is asking for trouble.  If you do, you are at their (exchanges') dictatorship.  Look at Mtgox, BTC-E or any online wallet/exchanges.    Can't withdrawal BTC or cash means your BTC is worthless.  I keep a majority (of my BTC's) on my QT and transfer a few (into exchanges) just before I sell; in and out.

I do the same. I'd never keep coin in an "online" type wallet or at an exchange. Just asking for trouble. Because of Mt.Gox there are probably a lot of "bitcoin rich" people out there that can't cash out. So in reality that coin is worthless right now. I can't even follow Mt.Gox. Threads pop up every minute and no one knows anything.

[soy]

link to KNC wallet. http://beta.kncwallet.com/

I think they are trying to compete with their friend Josh at BFL and their wallet idea.

just noticed they also have this URL: http://www.kncwallet.com/

I'd buy one instantly if they'd do me the favor of having MtGox transfer my btc into the new KnC wallet!

[merv77]

Bitstamp price has hit $500

at this rate we'd be able to buy 20+ BTC for a Neptune refund

KNC better start production soon and think about giving us a definitive date of delivery.

[wasubii]

Bitstamp price has hit $500

at this rate we'd be able to buy 20+ BTC for a Neptune refund

KNC better start production soon and think about giving us a definitive date of delivery.

That is the only sensible course of action at this time. Neptune will not mine back 20 in its lifetime

[faetos]

Bitstamp price has hit $500

at this rate we'd be able to buy 20+ BTC for a Neptune refund

KNC better start production soon and think about giving us a definitive date of delivery.

That is the only sensible course of action at this time. Neptune will not mine back 20 in its lifetime

OT - but it looks like Gox just bit it: http://blog.coinbase.com/post/77766809700/joint-statement-regarding-the-insolvency-of-mtgox. Site is down and probably not coming back.

[Biodom]

Bitstamp at 489
Bottom at ?
Another link:
http://blog.blockchain.info/2014/02/25/joint-statement/
This (MtGox) will pull down bitcoin for months if not years.
I wonder what will happen to mining farms?

[faetos]

Not sure if this is real, but it looks like it: http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft  - sorry, more OT, but it has a huge impact on everyone if true.

[r1senfa17h]

Sigh... I just asked for a refund on my last of 3 Neptunes from the customer appreciation batch. I had order number 11093 too 

[Cablez]

Bitstamp price has hit $500

at this rate we'd be able to buy 20+ BTC for a Neptune refund

KNC better start production soon and think about giving us a definitive date of delivery.

This +whatever.  I just got back all my neptune spent coins with one refund.  I wonder what I should to with the other?

[soy]

Not sure if this is real, but it looks like it: http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft  - sorry, more OT, but it has a huge impact on everyone if true.

Now if he'd be so kind as to hari-kari.

[ImI]

Not sure if this is real, but it looks like it: http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft  - sorry, more OT, but it has a huge impact on everyone if true.

that would basically halven my bitcoin-stack

[soy]

Not sure if this is real, but it looks like it: http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft  - sorry, more OT, but it has a huge impact on everyone if true.

Now if he'd be so kind as to hari-kari.

Why is it again that the Japanese make it difficult for foreigners to open bank accounts?

[Minor Miner]

At what bitcoin price does it make absolutely no sense not to refund the Neptune?   
I mean how many coins can you mine with a neptune coming June 30 vs. how many can you buy with $10,000 and never have to mine?   I am sure we will see that price in the next days.

[Biodom]

At what bitcoin price does it make absolutely no sense not to refund the Neptune?   
I mean how many coins can you mine with a neptune coming June 30 vs. how many can you buy with $10,000 and never have to mine?   I am sure we will see that price in the next days.

It is actually quite complicated equation. One have to consider what other miners will do. I am pretty sure that at BTC 100, we will lose 50% of the network, hence difficulty will go down. In such conditions Neptune can mine quite a few bitcoins. See what network did in second half of 2011.

[davewr2013]

Not sure if this is real, but it looks like it: http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft  - sorry, more OT, but it has a huge impact on everyone if true.

Now if he'd be so kind as to hari-kari.

Why is it again that the Japanese make it difficult for foreigners to open bank accounts?

Just look at he usage of "gaijin"
http://en.wikipedia.org/wiki/Gaijin

I don't think they like "outsiders".