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Author Topic: Lumi - The most secure, easy & handy bitcoin wallet  (Read 892 times)
TerrorFromTheDeep
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November 09, 2017, 05:17:38 PM
 #21

I don't trust to new bitcoin wallets with unknown publishers. I think that it is high possibility of scam. It is way to collect private keys, it could be work good till the moment when you get significant amount on this wallet

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November 09, 2017, 05:18:48 PM
 #22

We are very happy that you like the UI!  Smiley
For sure, we are developing Android right now and it will be presented soon!

Will be looking forward to it.

Will there be options like RBF (replace-by-fee), signing of messages, sweeping, and importing of wallets?
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November 10, 2017, 11:41:34 AM
 #23

I don't trust to new bitcoin wallets with unknown publishers. I think that it is high possibility of scam. It is way to collect private keys, it could be work good till the moment when you get significant amount on this wallet

The issue of trust is essential for us. One of the main features of our wallet is client-side private key storage. We never have an access to your private keys. Being skeptical is normal when considering any new wallet, what exactly would you like to know to be satisfied about our product and to be sure that it is not a scam?
 
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November 10, 2017, 12:22:16 PM
 #24

We are very happy that you like the UI!  Smiley
For sure, we are developing Android right now and it will be presented soon!

Will be looking forward to it.

Will there be options like RBF (replace-by-fee), signing of messages, sweeping, and importing of wallets?

There won't be signing of messages (commenting) because we work directly with blockchain and don't really see the importance of that option. But if our users will insist on that, it can be discussed.

As for importing, it already exists. But we guaranty the importing of mnemonics which were created in Lumi app because different wallet use different implementation of his feature.   

Sweeping...it is more or less just creating a new wallet and sending all your funds on it. There is no automated option of sweeping but you always can do it manually by creating a new wallet in our app. We plan to make possible to create several bitcoin wallets under the same mnemonic but I believe that usually users sweep their wallet when they suspect that someone may have an access to it. So the best variant is to create the new one and send your coins there. 

RBF hasn't been in our earliest plans. But as always we will be happy to hear how high is demand of this feature among our users.
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November 10, 2017, 01:55:14 PM
 #25

Looks great. I hope the Android version is out soon
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November 10, 2017, 03:07:46 PM
 #26

We are very happy that you like the UI!  Smiley
For sure, we are developing Android right now and it will be presented soon!

Will be looking forward to it.

Will there be options like RBF (replace-by-fee), signing of messages, sweeping, and importing of wallets?

There won't be signing of messages (commenting) because we work directly with blockchain and don't really see the importance of that option. But if our users will insist on that, it can be discussed.

As for importing, it already exists. But we guaranty the importing of mnemonics which were created in Lumi app because different wallet use different implementation of his feature.   

Sweeping...it is more or less just creating a new wallet and sending all your funds on it. There is no automated option of sweeping but you always can do it manually by creating a new wallet in our app. We plan to make possible to create several bitcoin wallets under the same mnemonic but I believe that usually users sweep their wallet when they suspect that someone may have an access to it. So the best variant is to create the new one and send your coins there. 

RBF hasn't been in our earliest plans. But as always we will be happy to hear how high is demand of this feature among our users.

Yes, that's all a wallet developers should consider to included into a wallet.
Replace by fee or set custom fees, import private keys, sweep is an important feature as well.
In case of security and trust for a new wallet, after your team release source code, it will be clear I guess.

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November 10, 2017, 08:44:05 PM
 #27

What about mobile versions of this wallet. I have tried about ten versions of different bitcoin wallets for my Android and did not find perfect for me. Eachone has different bugs or has no functionality. I think if you can create good wallet for mobile it will be great.

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November 11, 2017, 02:30:42 PM
 #28

Looks great. I hope the Android version is out soon

 Cheesy Thank you!
Android is on the way!
Kate1410
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November 11, 2017, 11:16:34 PM
 #29

!!! TODAY WE RELEASED NEW VERSION !!!




The new version has several features, improvements, and bug fixes. Now you can:

  • Alter transaction currency information to USD
  • See the confirmation status of your transaction
  • Choose transaction fee (regular, fast, cheap, or custom by yourself)
  • Read FAQ



LumiWallet team will be happy to get any feedback about the wallet!


DROP US A LINE AT HELLO@LUMIWALLET.COM

Lionidas
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November 11, 2017, 11:49:01 PM
 #30

Don't you have a github for this release of the wallet?
As someone already mentioned in the 3rd or 4th post of this thread
you should release the source code so we can see what it's foundation is built on.

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November 13, 2017, 10:08:49 AM
 #31

Don't you have a github for this release of the wallet?
As someone already mentioned in the 3rd or 4th post of this thread
you should release the source code so we can see what it's foundation is built on.

As far as a lot of people find it very important, we will try to do it sooner but you should understand that no wallet want to be copied in full when product is unique Smiley That is why no Jaxx (or similar) neither us do not distribute the full code. We will try to show as much as we can, staying copy protected.
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November 14, 2017, 12:41:35 PM
 #32

I've tried your new version. Good improvements!
It works as it should be. Thank u!
Thekool1s
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November 14, 2017, 02:06:57 PM
 #33

I don't trust to new bitcoin wallets with unknown publishers. I think that it is high possibility of scam. It is way to collect private keys, it could be work good till the moment when you get significant amount on this wallet

The issue of trust is essential for us. One of the main features of our wallet is client-side private key storage. We never have an access to your private keys. Being skeptical is normal when considering any new wallet, what exactly would you like to know to be satisfied about our product and to be sure that it is not a scam?

Just because you say that you don't collect private keys doesn't mean you don't. You can't be trusted, Who are your developers or team members, do you guys mind coming forward? The Community will feel much safer if we can see your linkedin profiles or CV's.
titteringtacos
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November 14, 2017, 02:28:56 PM
 #34

As I am reading this thread I was amased to see more positive feedback from the ones that already downloaded and using the apps. Hoping to see an android version of this app for we in the family is all using android phone. I will be monitoring for an updates of this thread. Keep up the good work Sir.

Have a blessed day ahead Smiley


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November 15, 2017, 10:55:29 AM
 #35

I've tried your new version. Good improvements!
It works as it should be. Thank u!

We are very happy to read such reviews! Thank you!
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November 15, 2017, 11:03:01 AM
 #36

I don't trust to new bitcoin wallets with unknown publishers. I think that it is high possibility of scam. It is way to collect private keys, it could be work good till the moment when you get significant amount on this wallet

The issue of trust is essential for us. One of the main features of our wallet is client-side private key storage. We never have an access to your private keys. Being skeptical is normal when considering any new wallet, what exactly would you like to know to be satisfied about our product and to be sure that it is not a scam?

Just because you say that you don't collect private keys doesn't mean you don't. You can't be trusted, Who are your developers or team members, do you guys mind coming forward? The Community will feel much safer if we can see your linkedin profiles or CV's.

We believe that we will gain your trust by our performance and future source opening. And, of course, one day we will meet each other  Smiley
Just let us grow from MVP to something valuable! We are very grateful that community help us to self-improve!
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November 17, 2017, 11:53:40 AM
 #37

Critic here, please sit down Cheesy


While saying high-end we mean that we try to implement the best existing solutions for wallets.
Let me quote your FAQ:
Quote
Lumi is currently not HD but we are working hard to make it HD in the next App version. Static (non-HD) wallets stick to using a single address for all transactions. While that's simpler, address reuse undermines your privacy.
First, it's not true that non-HD wallets stick to using a single address. My Bitcoin Core wallet for example is non-HD but uses many different addresses.
Second, you say you "try to implement the best existing solutions", but you implementation goes directly against Satoshi Nakamoto's whitepaper:
Quote
a new key pair should be used for each transaction to keep them from being linked to a common owner
This means your current implementation is worst practice instead of best practice.

Your website mentions "Featuring client side private key storage", as if that's something unique and special. It's not, in fact, it shouldn't even be necessary to mention this. This implies you think it's something special, instead of basic wallet privacy and security.

As for fees, we do not take any but as I said we will add an exchange option later. So that will be one of our possible inflows.
We have some other ideas but I think that you will be ok if I keep them undisclosed till we will do the rest of our plans. Smiley
Let me first tell you I'm very paranoid to installing any Bitcoin related software. If I do, it has to be highly established and must have a flawless track record.
Installing any software basically allows that software to do anything I can't check, and when you're offering closed source software without any existing method of earning, it will be very difficult to trust your intentions are 100% good.
It can be that you mean well, but I can't be sure, and I don't give random strangers the benefit of the doubt when it comes to my Bitcoin private keys.

We believe that we will gain your trust by our performance and future source opening.
You can't gain trust now by something you say you'll do in the future.
Quote
And, of course, one day we will meet each other  Smiley
No, we won't meet. I like my privacy.

There won't be signing of messages (commenting) because we work directly with blockchain and don't really see the importance of that option.
Signing messages is an integral part of Bitcoin. It is needed.
What do you mean when you say "we work directly with blockchain"? What makes it worth mentioning this?

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November 18, 2017, 12:15:44 PM
 #38

is this open source? if not, how can we trust u?
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