Coinbase CEO Brian Armstrong granted patent for sending BTC thru email

[makishart]

if a bitcoin transaction using a username might be a lot cooler too, I might be able to think positively in this way the transaction would seem to be great if some coinabse users often make small amounts of transactions using bitcoin, so it doesn't pile up on the bitcoin transaction network, but I say before this it still didn't look great if it was done only for coinbase users

that doesn't seem to be possible though considering how address being generated for the frivolous thing and if it's to be changed with username we'll struggle picking the username and then forced to use random number behind username which is basically the same complexity as when we're using the already existed random address.but inside a centralized system like exchange that might be possible and it's probably just a piece of cake to do that.

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[TRONTON]

if a bitcoin transaction using a username might be a lot cooler too, I might be able to think positively in this way the transaction would seem to be great if some coinabse users often make small amounts of transactions using bitcoin, so it doesn't pile up on the bitcoin transaction network, but I say before this it still didn't look great if it was done only for coinbase users

he has been fighting for this patent since 2015, so it's natural that many use something similar every year. If coinbase wins this patent, it means that all other services can still use it, but by following the fixed rules of coinbase.

I still think this is no different from the branch address system, but I don't know the details. What is clear is this feature will benefit users even though they can no longer avoid KYC etc.

[target]

if a bitcoin transaction using a username might be a lot cooler too, I might be able to think positively in this way the transaction would seem to be great if some coinabse users often make small amounts of transactions using bitcoin, so it doesn't pile up on the bitcoin transaction network, but I say before this it still didn't look great if it was done only for coinbase users

he has been fighting for this patent since 2015, so it's natural that many use something similar every year. If coinbase wins this patent, it means that all other services can still use it, but by following the fixed rules of coinbase.

I still think this is no different from the branch address system, but I don't know the details. What is clear is this feature will benefit users even though they can no longer avoid KYC etc.

I didn't know he was on it since 2015. If he was the first to have introduced the concept then he deserves the patent. Congrats to Brian Amstrong.

Its just surprising to see how many developers today have created innovations that weren't really patented in the name of opensource. Now that he got it patented then this will just be for Coinbase alone and they can sue which project uses it. I can really think of paypal when making transactions base on our email ID.

[larus]

They will make first in the world email with fees

[BitcoinsGreat]

http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=10,510,053&OS=10,510,053&RS=10,510,053

Send cryptographic currency to email address

Abstract

A system and method for transaction bitcoin is described. Bitcoin can be sent to an email address. No miner's fee is paid by a host computer system. Hot wallet functionality is provided that transfers values of some Bitcoin addresses to a vault for purposes of security. A private key of a Bitcoin address of the vault is split and distributed to keep the vault secure. Instant exchange allows for merchants and customers to lock in a local currency price. A vault has multiple email addresses to authorize a transfer of bitcoin out of the vault. User can opt to have private keys stored in locations that are under their control. A tip button rewards content creators for their efforts. A bitcoin exchange allows for users to set prices that they are willing to sell or buy bitcoin and execute such trades.

I'm sure that Brian will take advantage of his ivtention with his Coinbase here. And it's going to be interesting if other exchanges will use his patent on their side as well, so let's see how it goes.

The important question is that is there any need for this ? Do we really want to send bitcoins through email ? Would not this will create more loop holes when it comes to the security of the email as well ? First we need to be careful about the wallet security and now email ? 

[th3nolo]

Sounds good, but if it' s using Coinbase as an intermediary it' s not that impressive, literally any company could implement it.

While I don't know how convenient a non-custodial implementation would be if the owners of the email are the ones protecting their private keys, literally anything can go wrong.

[gentlemand]

The important question is that is there any need for this ? Do we really want to send bitcoins through email ? Would not this will create more loop holes when it comes to the security of the email as well ? First we need to be careful about the wallet security and now email ?  

It already works here - https://wiki.obyte.org/Textcoin but it doesn't use any type of third party whereas the Coinbase one may well.

It acknowledges that email is not the ideal medium for it and only small amounts should be sent over it. It recommends doing it over end to end encrypted stuff like Telegram instead.

I certainly wouldn't be sending my life savings over it but it looks like it's a way to draw newcomers in.

[kotik085]

The important question is that is there any need for this ? Do we really want to send bitcoins through email ? Would not this will create more loop holes when it comes to the security of the email as well ? First we need to be careful about the wallet security and now email ?  

It already works here - https://wiki.obyte.org/Textcoin but it doesn't use any type of third party whereas the Coinbase one may well.

It acknowledges that email is not the ideal medium for it and only small amounts should be sent over it. It recommends doing it over end to end encrypted stuff like Telegram instead.

I certainly wouldn't be sending my life savings over it but it looks like it's a way to draw newcomers in.

I wonder how to send, by mail, or gmail mail, bitcoin? You can call this a breakthrough in the fact that the Coinbase representative made a potent on this device. In the future, I want to see how it is possible to send bitcoin using the mail mail if it goes to the masses.

[hermawan9416]

How quickly do you think they can implement this system? Will it get the proper popularity?