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Author Topic: STOP COINVALIDATION.  (Read 2825 times)
anti-scam
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November 22, 2013, 07:59:54 AM
 #21


Doesn't it require a fork to implement ?   ....

Yes but it could probably be implemented gradually like P2SH was (and that wasn't nearly as important as Zerocoin). If it's not implemented a lot of people are going to be very unhappy when Bitcoin eventually dies due to not having a killer feature.

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November 22, 2013, 08:13:37 AM
 #22


I'd kinda like to see it make a play for its own share of the market... 

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November 22, 2013, 08:15:24 AM
 #23

You submit your private keys to CoinValidation and they remove coins from unvalidated addresses and escrows them until the sender validates, automatic in the case you use coinbase.

If you submit your private keys, your coins ARE NOT SECURE!

How many places have been hacked? How much do you trust their employees?

When a bunch of customers using CoinValidation discover that their bitcoins are missing...I am just going to laugh.  Cheesy


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November 22, 2013, 08:19:55 AM
 #24

You submit your private keys to CoinValidation and they remove coins from unvalidated addresses and escrows them until the sender validates, automatic in the case you use coinbase.

If you submit your private keys, your coins ARE NOT SECURE!

How many places have been hacked? How much do you trust their employees?

When a bunch of customers using CoinValidation discover that their bitcoins are missing...I am just going to laugh.  Cheesy



5 exchanges, in only last 4 weeks. Sending your private keys is plainly stupid

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November 22, 2013, 08:21:59 AM
 #25


I'd kinda like to see it make a play for its own share of the market... 

So you'd like to see a competitor kill Bitcoin?

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November 22, 2013, 08:41:32 AM
 #26


I'd kinda like to see it make a play for its own share of the market... 

So you'd like to see a competitor kill Bitcoin?

I'd like to see it kill Litecoin, maybe.

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November 22, 2013, 08:43:43 AM
 #27

Is there an official statement from the Bitcoin Foundation on this specific issue?  I would like to see it.



Mike Hearn discussion on Reddit:
http://www.reddit.com/r/Bitcoin/comments/1qmbtu/mike_hearn_chair_of_the_bitcoin_foundations_law/

Good article by @dannybradbury:
http://www.coindesk.com/bitcoin-tracking-proposal-divides-bitcoin-community/
Interesting, but still looking for that official statement - the statement which will show to the world whether the Bitcoin Foundation is for or against the concept of Bitcoin.

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November 22, 2013, 08:45:07 AM
 #28


I'd kinda like to see it make a play for its own share of the market... 

So you'd like to see a competitor kill Bitcoin?

I'd like to see it kill Litecoin, maybe.

For what reason would it stop at Litecoin?

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November 22, 2013, 08:56:27 AM
 #29

From Bitcoin Foundation:

Quote from this article: http://www.coindesk.com/whether-bitcoin-needs-regulators-going-regulate/
And then, of course, there’s the idea of tying bitcoin addresses to identities, as proposed by Coin Validation. The Foundation itself is unimpressed with the whole idea of making coins more identifiable.

“The Bitcoin Foundation does not support the use of money for identity tracking,” said spokesperson Jinyoung Englund this morning, hours before the Senate hearing started.

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November 22, 2013, 09:12:23 AM
 #30

...
I'd like to see it kill Litecoin, maybe.

For what reason would it stop at Litecoin?

-- I try not to make predictions, especially about the future.

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November 22, 2013, 09:37:22 AM
 #31

...
I'd like to see it kill Litecoin, maybe.

For what reason would it stop at Litecoin?

-- I try not to make predictions, especially about the future.


I'll give you a prediction. If Zerocoin truly does launch as a usable system then it will be to Bitcoin what Bitcoin was to the dollar. If interest in Zerocoin doesn't improve then I guess the community will just have to learn the hard way.

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November 22, 2013, 10:44:56 AM
 #32

the worst thing is no hard fork is needed.
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November 22, 2013, 10:46:04 AM
 #33

User with bad rep , posting a screenshot , missing link ....lols?

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November 22, 2013, 10:59:51 AM
 #34

CoInvalidation. Nuff Said.
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November 22, 2013, 11:30:55 AM
 #35

stop asking the foundation to solve development issues.

http://www.indiegogo.com/projects/bitcoin-dark-wallet
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November 22, 2013, 11:32:14 AM
 #36

stop asking the foundation to solve development issues.

Wasn't foundation created to solve development issues?  Huh They took Gavin abroad for that.
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November 22, 2013, 11:41:37 AM
 #37

What is this zero coin that's being talked about?  First I ever hear of it?  What will it do to the bitcoin?  I am sort of at a loss o_0

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November 22, 2013, 12:00:54 PM
 #38

What is this zero coin that's being talked about?  First I ever hear of it?  What will it do to the bitcoin?  I am sort of at a loss o_0

Zerocoin is a potential protocol addition for Bitcoin that could anonymize your coins in the most literal of senses. It uses the concept of a zero-knowledge proof of set membership to essentially turn Bitcoins into "Zerocoins" that are indistinguishable from one another. This is different than other privacy enhancers like CoinJoin and CoinSwap that merely increase the complexity of analyzing the transaction history of Bitcoin. It was rejected when first introduced due to being too larger to implement in the blockchain. Now the creators are claiming that they've reduced the size needed by 98% and are going to turn it into its own cryptocurrency. If you care about Bitcoin's future then it's a situation to watch. If the claims of Zerocoin's creators materialize then it's going to be pretty urgent for Bitcoin's future that it implement the technology itself.

It's important to note that it's purely optional too. It wouldn't "do" anything to your existing Bitcoins unless you wanted it to.

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November 22, 2013, 12:13:21 PM
 #39

So , nobody even considers that this is

FAKE?

anti-scam
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November 22, 2013, 12:14:21 PM
 #40

So , nobody even considers that this is

FAKE?

It might be. What does it matter? It doesn't make CoinValidation a good idea.

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