[UPDATE] Coinkite:Multisig HD Wallet, Developer API & Real Privacy(400K BTC/mo!)

[nvK]

Interested in this site.. any updates as of late?

The web wallet is growing the user base everyday in a surprising rate, the first batch of cards has arrived, software for the terminal is almost done. We are getting some great media coverage now and the phone keeps on ringing!

Let me know if you want more info, but the best is to just give it a try!

R.

[nvK]

PS, anyone from the forum that wants an invite, I've setup this code: https://coinkite.com/promo/bitcointalk

[poordeveloper]

Good luck! Looks like a great idea.

[nvK]

Good luck! Looks like a great idea.

Thanks!

Which pricing?
It's all there already.

[poordeveloper]

Good luck! Looks like a great idea.

Thanks!

Which pricing?
It's all there already.

Yes, just saw it. Looks fair.
Should be an easy sell, and given you are Canada-based... those storing their Bitcoins in your servers should sleep better at night
Any ETA for delivery of the POS Terminals?

[nvK]

Good luck! Looks like a great idea.

Thanks!

Which pricing?
It's all there already.

Yes, just saw it. Looks fair.
Should be an easy sell, and given you are Canada-based... those storing their Bitcoins in your servers should sleep better at night
Any ETA for delivery of the POS Terminals?

Yes, Canada seems to have been going on the right direction,
we also took one more precaution we are not exposed to Fiat, we don't exchange.

POS is still on course, the hardware production line is set, we received a few more units and are building a bigger order for the Q1.
We are now fine tuning the firmware. Here is a pic

[vesperwillow]

Suibscribed, looks sharp

[MPOE-PR]

Building a WoT presence would be a good idea.

[nvK]

Building a WoT presence would be a good idea.

Feel free to let them now

[MPOE-PR]

Feel free to let them now

What's with switching from "us" to "them"? Anyway the point is, no matter which pronouns you're using, they ought to have greater depth. Getting in the WoT is the way to achieve this.

[nvK]

Feel free to let them now

What's with switching from "us" to "them"? Anyway the point is, no matter which pronouns you're using, they ought to have greater depth. Getting in the WoT is the way to achieve this.

I meant let WoT(them) know, as I thought you participate on that channel.

[nvK]

Big News: the first batch of Debit Cards was Shipped!


PS: Our cards are not tied to any account of personal information,
you may choose to associate with any account you want.

[2_Thumbs_Up]

This looks really awesome. Great work.

One question though, regarding:

• Privacy. You can generate new receiving addresses on demand.

Why on demand? With deterministic wallets I don't ever see a reason to reuse an adress, and especially not with HD wallets where a merchant could just give each customer his own adress chain making it possible for the customer to generate new sending adresses himself in the future.

[nvK]

This looks really awesome. Great work.

One question though, regarding:

• Privacy. You can generate new receiving addresses on demand.

Why on demand? With deterministic wallets I don't ever see a reason to reuse an adress, and especially not with HD wallets where a merchant could just give each customer his own adress chain making it possible for the customer to generate new sending adresses himself in the future.

Yes, we do that for the POS and for receiving, many people don't know that.

[nvK]

I'm a little confused with the fee.  Does it cost a fee to send Bitcoin or Litecoin from my Coinkite wallet to another Bitcoin or Litecoin address?  Or is the fee only for withdrawing at a Coinkite terminal?

Thanks.

We are a paid service.

We have two monthly/yearly fix price memberships, where we charge nothing to send/receive. And we have one where its free to keep money, but we charge a percentage to withdraw(send).

The fix price memberships have no fees on transactions, even on the terminal.

[nvK]

I enabled 2 factor authentication on my ipad.  What happens if my ipad crashes or I lose it?  Can I still access my account somehow?

Also, I read on the site that I am supposed to get something in my "Welcome Message" that will enable me to recover my coins if your site goes away in the future.  Where can I find this welcome message?

Thanks!

More info here https://coinkite.com/iforget

[nvK]

After you sign up you get an email with your welcome message.

[nvK]

After you sign up you get an email with your welcome message.

I signed up by clicking on the sidebar promo on coinkite.com.  I wasn't required to put an email in while signing up so I didn't.  I later added 2 emails in order to use the 2-factor authentication, but I didn't receive a welcome message to either of those emails.

Please message on support@coinkite.com so that I can check what's going on.

[7Priest7]

I would never register for/use coinkite.

Bitcoins and Litecoins ("Coins") do not constitute a currency, an asset or a form of property at law or otherwise;... Any purchase or sale of Coins, for money, virtual currency or other consideration, involves inherent risks and may lead to the complete loss of any value, virtual currency or other consideration, and you agree to wholly accept any and all such risk.

Their TOS is against BTC, By registering at Coinkite you agree that BTC is not a currency.
Also their TOS is worded and set up in a way to steal BTC later.
Probably just another scam.

[nvK]

I would never register for/use coinkite.

Bitcoins and Litecoins ("Coins") do not constitute a currency, an asset or a form of property at law or otherwise;... Any purchase or sale of Coins, for money, virtual currency or other consideration, involves inherent risks and may lead to the complete loss of any value, virtual currency or other consideration, and you agree to wholly accept any and all such risk.

Their TOS are against BTC, By registering at Coinkite you agree that BTC is not a currency.
Also their TOS is worded and set up in a way to steal BTC later.
Probably just another scam.

In Canada bitcoins are considerate a commodity. We are not against anything.