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Author Topic: [ANN] Satoshium: Minted Bitcoin  (Read 1501 times)
Kprawn
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January 14, 2017, 07:33:57 PM
 #21

I doubt if onboarding will be easier with the introduction of physical bitcoins. It is already confusing enough for people to understand the

concept of "digital money" for them to now be exposed to physical coins with bitcoin value. We have tried our best to distance ourselves from

physical coins, for us to go back to that again.  Huh Explain to us, how you think, this would make it easier for people to understand.

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January 16, 2017, 04:15:52 PM
 #22

I doubt if onboarding will be easier with the introduction of physical bitcoins. It is already confusing enough for people to understand the

concept of "digital money" for them to now be exposed to physical coins with bitcoin value. We have tried our best to distance ourselves from

physical coins, for us to go back to that again.  Huh Explain to us, how you think, this would make it easier for people to understand.

Its not easier to understand, but you can give them to somebody without them needing to understand anything or do anything like setting up a wallet, which may help sometimes.

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January 17, 2017, 01:04:55 AM
 #23

Yes. To this I would add: before satoshium, there is no way to give someone bitcoin hand to hand and trust free, without requiring the recipient to understand bitcoin addresses and how to determine the value.

With satoshium all you need is the token and the phone client shows you the dollar value which the only thing a newbie cares about. All complexity is hidden.
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February 05, 2017, 12:33:43 AM
 #24

Contrary to global platform facilities claimed in the posted whitepaper, we have determined that the cryptoprocessor manufacturer does not sign install receipts. In fact, there is generally no widely known public key for the cryptoprocessor manufacturer. We are reworking section 5 of the whitepaper (counterfeiting) in light of this new information. 

Meanwhile we are looking into an alternate third party attestation mechanism that makes insider attacks sufficiently unfeasible in practice. Stay tuned.
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