[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]

[bitmoon]

how do you verify the public bitcoin address truely is associated with bitfunder username, other then the bitcoin address signing.

what happens if a user uses different bitcoin address then his public bitcoin address, and signs it? and asset list wont longer show his public address

asset list is not enough, becuase some people buy or sell or transfer, so asset list changes

We are saving the asset list on a regular basis.  Also, there is a person that is saving the asset list every 10 minutes.

hmm okay. maybe this negates my assumption that you do have a thorough record of number of shares associated with public BTC addreses.

just out of curiosity: I've done two separate transfers to AMC-TENDER (bought a few more shares after my main - initial transfer), will you have record of that?

yes , he will use transaction log, but will be little harder on him to process

[knybe]

okay I've reconstructed an old post from CanaryInTheMine regarding how to sign messages with Bitcoin-Qt
This is only an example as the message contents for this situation is different from what Ken will require you to put in the message field (most likely number of shares transferred instead of shipping address) but the result is the same as you want to generate a signature string associated with your PUBLIC BITCOIN ADDRESS that you will send to Ken when the time comes:

The message signing process is to prove you own a certain bitcoin address.

If using bitcoin-qt:
Click file, then sign message:



A new secure message window will open:
In line 1 - enter your PUBLIC BITCOIN ADDRESS you sent the shares from on BitFunder
In line 2 - construct a detailed message about the number of shares you transferred, timestamp, etc.
Then click the button labeled Sign Message (3)



After you click that button, you will get this message:



Field 1-PUBLIC BITCOIN ADDRESS that you used in line 1  (this is the address recorded as your BitFunder account number)
Field 2-message entered in line 2 (number of shares you transferred, timestamp, etc.)
Field 3-signature that bitcoin-qt populated.

At some point, when asked, you will copy/paste all three of the above fields contents and PM this to Ken.
Ken will use these 3 pieces of information, in the verify tab, to confirm that all the information is correct.

Do not make any of the info public.  Make sure everything is copy and pasted verbatim.  

[LorenzoMoney]

That is the whole point behind being able to sign a message with your BF bitcoin address.
Only someone who controls the wallet with that address can sign the message.

to make it simple, say:-

i took screenshots as prove, etc.

then some person steals my screenshots on computer and signs a new generated bitcoin address with username and share number as seen on screenshot.

ken, how would you verify and stop such person, if this happens in reality?  how would you check the public bitcoin address? public asset list is not accurate and changes.

example , you might not have took a record of public asset list when X person transfered and his address vanished from asset list,  then you took a record of asset list,  how would you verify with that?

You can't trade transferred shares obviously.

The asset list he will obtain will be after the trading is frozen.

Only a signature from the asset list can be used to validate ownership (Make sure you are using a valid address on bitfunder)

Asset list is here https://bitfunder.com/assetlist

Screenshots are only part of the safety measure, signing is the ultimate form of safety.

not talking about trade, but if in example, the person stole the screenshot can claim the shares with new bitcoin address, while believing ken only relies on public asset list to check the address, but is not accurate.

ok you said ken will obtain asset list after asset is frozen?
i have not heard that from ken, if so that will be far better security then public asset list he told me.

so that asset list you speak of will hold hard links between username and public address?
if so, that will calm me, superb. and there wont be a way for Mr.X person to steal or make use of stolen screenshot

[bitmoon]

That is the whole point behind being able to sign a message with your BF bitcoin address.
Only someone who controls the wallet with that address can sign the message.

to make it simple, say:-

i took screenshots as prove, etc.

then some person steals my screenshots on computer and signs a new generated bitcoin address with username and share number as seen on screenshot.

ken, how would you verify and stop such person, if this happens in reality?  how would you check the public bitcoin address? public asset list is not accurate and changes.

example , you might not have took a record of public asset list when X person transfered and his address vanished from asset list,  then you took a record of asset list,  how would you verify with that?

You can't trade transferred shares obviously.

The asset list he will obtain will be after the trading is frozen.

Only a signature from the asset list can be used to validate ownership (Make sure you are using a valid address on bitfunder)

Asset list is here https://bitfunder.com/assetlist

Screenshots are only part of the safety measure, signing is the ultimate form of safety.

not talking about trade, but if in example, the person stole the screenshot can claim the shares with new bitcoin address, while believing ken only relies on public asset list to check the address, but is not accurate.

ok you said ken will obtain asset list after asset is frozen?
i have not heard that from ken, if so that will be far better security then public asset list he told me.

so that asset list you speak of will hold hard links between username and public address?
if so, that will calm me, superb. and there wont be a way for Mr.X person to steal or make use of stolen screenshot

cool thanks, i was confused between which list is being used public asset list and internal asset list.
the whole time i was thinking ken will be using the public asset and cant access internal one.

[bitmoon]

@knybe

what happens if some one made a mistake signing a message, say a typo

can he redo and sign again? or its one time

[snowdropfore]

my shares transfer to AMC-TENDER,just like  transfer my AMC shares to activemining shares.  i trust ken !!

[knybe]

@knybe

what happens if some one made a mistake signing a message, say a typo

can he redo and sign again? or its one time

That is a question for Ken but I would image yes… Although if you are copy/pasting the information verbatim, then there will be no mistake.

[granitemouse]

Boy, how much do we all hope this is going to be the last we have to deal with transferring shares and all the questions that come from that. Hoping for some colored coins coming around the bend soon.

[kslaughter]

@knybe

what happens if some one made a mistake signing a message, say a typo

can he redo and sign again? or its one time

That is a question for Ken but I would image yes… Although if you are copy/pasting the information verbatim, then there will be no mistake.

No problem, we will give all investors all the chances to prove they own the shares.  We don't want anyone to lose any of our shares.

[runam0k]

So is it still necessary to transfer the shares in BF or (now that BF is closing) is it just a case of sending an email with a signed message?

[auto2nr1]

@knybe

what happens if some one made a mistake signing a message, say a typo

can he redo and sign again? or its one time

That is a question for Ken but I would image yes… Although if you are copy/pasting the information verbatim, then there will be no mistake.

No problem, we will give all investors all the chances to prove they own the shares.  We don't want anyone to lose any of our shares.

Thanks Ken. Any updates in regards to how the future looks with how shares will be traded? If you can give us little bit of information it would be helpful.

[kslaughter]

@knybe

what happens if some one made a mistake signing a message, say a typo

can he redo and sign again? or its one time

That is a question for Ken but I would image yes… Although if you are copy/pasting the information verbatim, then there will be no mistake.

No problem, we will give all investors all the chances to prove they own the shares.  We don't want anyone to lose any of our shares.

Thanks Ken. Any updates in regards to how the future looks with how shares will be traded? If you can give us little bit of information it would be helpful.

We are working on the details at the moment.  We want our shares to be trade-able, within the legal limits of the law.

[arousedrhino]

Just transferred my shares to AMC-TENDER. I hope to end my Bitfunder experience soon. Why on earth did I even bother to get my WeExchange account verified.  :-(

Does anybody know if I can somehow delete the documents and data that are unfortunately stored at WeExchange right know?

I'm in the same boat and want these digital copies destroyed.

Why are you concerned now and you weren't when you submitted them?

[bitmoon]

okay I've reconstructed an old post from CanaryInTheMine regarding how to sign messages with Bitcoin-Qt
This is only an example as the message contents for this situation is different from what Ken will require you to put in the message field (most likely number of shares transferred instead of shipping address) but the result is the same as you want to generate a signature string associated with your PUBLIC BITCOIN ADDRESS that you will send to Ken when the time comes:

The message signing process is to prove you own a certain bitcoin address.

If using bitcoin-qt:
Click file, then sign message:



A new secure message window will open:
In line 1 - enter your PUBLIC BITCOIN ADDRESS you sent the shares from on BitFunder
In line 2 - construct a detailed message about the number of shares you transferred, timestamp, etc.
Then click the button labeled Sign Message (3)



After you click that button, you will get this message:



Field 1-PUBLIC BITCOIN ADDRESS that you used in line 1  (this is the address recorded as your BitFunder account number)
Field 2-message entered in line 2 (number of shares you transferred, timestamp, etc.)
Field 3-signature that bitcoin-qt populated.

At some point, when asked, you will copy/paste all three of the above fields contents and PM this to Ken.
Ken will use these 3 pieces of information, in the verify tab, to confirm that all the information is correct.

Do not make any of the info public.  Make sure everything is copy and pasted verbatim.  

pm-ing ken all field defeats the purpose of verifying.

i believe you only need pm the signature, once asked, and ken uses his transaction log which contain the info pieces that he told you to sign with it in first place

edit: in correct format, if he asks

[knybe]

pm-ing ken all field defeats the purpose of verifying.

i believe you only need pm the signature, once asked, and ken uses his transaction log which contain the info pieces that he told you to sign with it in first place

edit: in correct format, if he asks

there's no need to analyze or debate this, it's just an example for the sake of learning how it works. Ken may do it totally different.

[Nootnewbie]

Do we still expect a P/L statement to be announced next week?

[Effayy]

Step-By-Step Guide to Tendering Shares to ActiveMining

So I figured I'd do this for those who have absolutely no idea.  I realize that most of us DO know what we're doing, but there's no point in having people left behind because they're too afraid to ask.

I use bitcoin-qt for my Bitcoin dealings. I don't have much trust in the online wallets at this point, so I'll provide steps based on what I know.  If you would prefer to use another wallet, do your research and don't be afraid to ask questions to determine if it is right for you.  For example, make sure you can sign messages from whatever client you intend to use.

Part 1.  Bitcoin-qt

1. Google for and install the official bitcoin-qt client on your computer.  In fact, just to save you some time, go here: http://bitcoin.org/en/download

2. Once the software is installed, run it.  It will create a local wallet.dat file for you among other things.  This wallet.dat file is what stores your bitcoin addresses, balances, etc.  Never lose this file.  This is important.  You lose the file you lose your Scrooge McDuck riches.  Simple as that.  Also note that the client will start to download the entire blockchain.  It weighs in at 10+ gigs right now. If you have a terribly sucky low-bandwidth cap service from your ISP, just bear in mind that this could up your numbers.

3. First and foremost. SECURE YOUR WALLET!  Here's how...

     - Under the "Settings" menu item, click "Encrypt Wallet"
     

     - Enter a passphrase.  This is possibly the most important password you'll ever enter. Please ensure it's STRONG.  10+ characters, random letters numbers and symbols. add caps.  For example:  "yT658!{93%$#uyhgjKIyshI"  ... Write this down somewhere and keep it safe!

4. Go to the "Receive" tab.
     

5. Click on "New Address" at the bottom-left


6. Enter an appropriate name for this address so you know what it represents.  When you click Ok, a new address will be generated for this account.


7. You should now see the account you created with it's address in the grid. Congrats.



Part 2.  BitFunder

1. Log in to BitFunder.com

2. Go to "Settings" in the upper-right hand corner.


3. Under "Public Bitcoin Address" on the right side, copy and paste the newly created address from bitcoin-qt into the new address field.  Double-check to ensure you're copying the right address!


4. After saving the public address, click on the "Transfer" menu item on the left-hand menu.


5. Enter the appropriate information on the transfer screen. make sure to enter ALL shares you own of ActiveMining into the "Share Amount" field.  no use in keeping any of them around BitFunder now.  Oh, I already tendered mine, so sorry for the sloppy paint job. Worth a chuckle at least, right?

NOTE: make sure you get the user name correct!  It's "AMC-TENDER". No spaces!


6. Once you click the "Transfer!" button, that's it that's all.  make sure you get your info right before you click.  If your palms are sweating, good!

7. Click on the "Transactions" menu item. You'll see the latest transaction history menu item reads "Send Transfer To: AMC-TENDER" along with the number of shares you transfered.  TAKE A SCREENSHOT OF THIS PAGE AND SAVE IT!  The entire browser window.  ALL of it. Include the blue bar at the top too with your username.  This will be helpful in case there are complications in the future.


Well that's it.  Message signing was already covered, and we don't really have official word on what to do yet from Ken, so just complete this guide and hang tight for more info when it's time.

Hopefully this helped a few of you anyway.  If I missed something, let me know.

[Atompeace]

why should I send all my shares to a person I don't know? Who is AMC-TENDER?

Ok, now I got that it's an official posting. - Ok! I will do that now.

[zumzero]

Just transferred my shares to AMC-TENDER. I hope to end my Bitfunder experience soon. Why on earth did I even bother to get my WeExchange account verified.  :-(

Does anybody know if I can somehow delete the documents and data that are unfortunately stored at WeExchange right know?

I'm in the same boat and want these digital copies destroyed.

Why are you concerned now and you weren't when you submitted them?

That is a good question.  I did have concerns about uploading them and decided to take the risk in order to prevent myself from being locked out of trading.

Wanting them deleted now is an attempt to limit exposure in the hope that the shorter time they are on the server, the lower the chances of foul play.

[Vigil]

I just want this crap to be over with and get the mining going to get the share price back up.