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Author Topic: During all this fear about the 51% you missed.........  (Read 4204 times)
c5h3ris1253
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June 09, 2014, 01:28:02 AM
 #1

  You may of missed this pre-announcement from this completely open-source multisignature bitcoin wallet provider. They're owners are public, and you control your own keys! They're even developing a way for true escrow situations where people need to trustlessly control bitcoins. (RWES)

You can find it here: https://bitcointalk.org/index.php?topic=673533.0


----

 Thanks for your question, and nice job on apicoin! The project is run by Calvin, he's a great guy who's worked to actually build a system, and incorporate multisignature addresses (Open Source). He's also work to establish offices in CA and an awareness for multisignature addresses. If it makes you feel any better send him me, or any member of the team an email.


 Some features that can be trustlessly proven to protect users are:

  • 2 FA
  • User generated Encrypted Wallets, (Generated in browser)[TSL]
  • Multisignature Wallets
  • RWES(To be rolled out)
  • P2SH
  • BIP 71

 Seeing as you're a developer , I'm sure calvin would even be willing to show you some of the detailed code in the project as It's planned to be open source. We'd love to see what we can do to incorporate frozenbit even further especially in other game changing projects such as yours.

You can reach calvin here: Calvin@frozenbit.io

EDIT: Thanks for the time gweedo! I appreciated the swift and prompt email.
 

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jonald_fyookball
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Core dev leaves me neg feedback #abuse #political


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June 09, 2014, 01:43:22 AM
 #2

looks cool but it didnt launch yet.

c5h3ris1253
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June 09, 2014, 01:49:13 AM
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looks cool but it didnt launch yet.

 I know, but wow the release is something to look forward too! It's been so long since someone has listened to the bitcoin community.

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June 09, 2014, 02:04:46 AM
 #4

we dont need multiple third party wallets

all that is needed is services or even simple code to make a signed TX.. then the only thing that is needed to do online is PUSHTX

EG

if i input a privkey(from my paper wallet), a destination public key, and an amount to send. the opensource javascript (no server side processing) forms the TX and then puts it into a textbox or variable. which then can be sent to multiple relays such as blockchain.info and mining pool nodes

that way people dont need to have accounts and pre-deposited funds in third parties. they dont need usernames or passwords. all they need is their privkey, and 2 destination addresses (1 for recipient, 1 for change address).

i know alot of people will shout "but its harder to type in a privkey, than a password" and my answer is that if you are using a third party service with crap entropy (short and easy) then you dont deserve to have bitcoins

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
Vintage
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June 09, 2014, 02:11:57 AM
 #5

all that is needed is services or even simple code to make a signed TX.. then the only thing that is needed to do online is PUSHTX

EG

if i input a privkey(from my paper wallet), a destination public key, and an amount to send. the opensource javascript (no server side processing) forms the TX and then puts it into a textbox or variable. which then can be sent to multiple relays such as blockchain.info and mining pool nodes

that way people dont need to have accounts and pre-deposited funds in third parties. they dont need usernames or passwords. all they need is their privkey, and 2 destination addresses (1 for recipient, 1 for change address)

I'm sure not everyone would want to go through that process for every transaction, or know how to for that reason for an average user like me. As the Bitcoin community goes that will include not so tech savy people too, so us not so tech savy people can have top of the line security without responsibility on us.

https://rpsls.win88.me/usr/46372   2k Faucet;RPSLS
franky1
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June 09, 2014, 02:18:08 AM
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I'm sure not everyone would want to go through that process for every transaction, or know how to for that reason for an average user like me. As the Bitcoin community goes that will include not so tech savy people too, so us not so tech savy people can have top of the line security without responsibility on us.

typing in a username and a large entropy password (for security) and then typing/scanning a destination address. takes the same physical time and process as typing in /scanning 3 QR codes/priv-public keys

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
FrozenBit
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June 09, 2014, 02:20:19 AM
 #7

--------------------------------------------

 Since user wallets are generated in browser so that's not the case. That would be like the starbucks employees explaining it's whole system to you every time all you wanted to do was buy a coffee. That's our inspiration comes from, the need for simplicity, security and the ability to do things in that light (multisig). That's why we are trying to make multisig so simple you won't even need a tutorial. One stop, done little to zero technicals anyway the most attractive things are the simplest. Don't forget the project is open-source so you can see what's going on.

EDIT: My promise to you is bitcoin is expanding from a niche, into the real world. It can only be "real" money when you make is so simple people can't spin the facts on it.

 -Calvin, CEO Frozen Bit
jonald_fyookball
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Core dev leaves me neg feedback #abuse #political


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June 09, 2014, 02:23:30 AM
 #8

when is it launching? cant wait to try it

FrozenBit
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June 09, 2014, 02:26:24 AM
 #9

when is it launching? cant wait to try it

 End june- Mid July we are shooting for. Our announcement will be on Thursday for the official information on us (and a video).

 I will note that the RWES will not be done by then. We are innovating that from scratch, I think you guys will love it.
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June 09, 2014, 02:27:27 AM
 #10

--------------------------------------------

 Since user wallets are generated in browser so that's not the case. That would be like the starbucks employees explaining it's whole system to you every time all you wanted to do was buy a coffee. That's our inspiration comes from, the need for simplicity, security and the ability to do things in that light (multisig). That's why we are trying to make multisig so simple you won't even need a tutorial. One stop, done little to zero technicals anyway the most attractive things are the simplest. Don't forget the project is open-source so you can see what's going on.

EDIT: My promise to you is bitcoin is expanding from a niche, into the real world. It can only be "real" money when you make is so simple people can't spin the facts on it.

 -Calvin, CEO Frozen Bit

the thing i see is that people have lazy passwords. and if your using multisig and 2 factor.. why not be simple and just have the privkey as the persons password

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
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the grandpa of cryptos


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June 09, 2014, 02:29:24 AM
 #11

new user raisig this? no thanx!

yolo
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June 09, 2014, 02:31:55 AM
 #12

new user raisig this? no thanx!

Post count is just a number.

https://rpsls.win88.me/usr/46372   2k Faucet;RPSLS
FrozenBit
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June 09, 2014, 02:37:22 AM
 #13

--------------------------------------------
------------------------

the thing i see is that people have lazy passwords. and if your using multisig and 2 factor.. why not be simple and just have the privkey as the persons password

 The thing is, we also giving you the keys so you could just use us a generator if you wanted too. Not to mention it's hard to bypass 2nd factor when it's phone, but I'm not stating it's impossible. But if you have any suggestions for us, we'd love to hear them. Infact send them to me over email.

EDIT: You know the password thing, I'm going to begin implementing a password requirement that I think would be beneficial. It's not as strong as priv. key password but if someone compromises that you're not only potentially losing coins, you're losing a password! But I thank you for bringing that to my attention, just shows why we listen to the community.


 Email: calvin@frozenbit.io

 Calvin, CEO FrozenBit
fbueller
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June 09, 2014, 02:38:05 AM
 #14

As someone mentioned previously, tools to simply sign a multisig transaction would be immensely appreciated. How about a public key issuing facility, and raw transaction signing utility for transactions provided by others?

Bitwasp Developer.
FrozenBit
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June 09, 2014, 02:46:41 AM
 #15

As someone mentioned previously, tools to simply sign a multisig transaction would be immensely appreciated. How about a public key issuing facility, and raw transaction signing utility for transactions provided by others?

 I know we don't have an announcement yet, we're waiting until Thursday for that. We ARE developing a tool for making a 2-of-3 trustlessly with counter parties which allow you just to sign. It's going to be called RWES(Real World Escrow Situations), stay tuned for our announcement for that. We are also open-source so you could just make something we aren't currently doing yourself!

 Also note, our goal here is to cleverly teach people about multisig without the technicals behind it. It feels as simple as the blockchain, signup and done (with added security of multisig and 2fa :-))


 NOTE: RWES may NOT be ready for the End June- Mid-July Launch.
franky1
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June 09, 2014, 02:55:00 AM
 #16

i envision a simple process such as this
green=clientside webpage red=sending to a server


Privkey: [___________] (textbox)
[ submit ] (button)
<code to turn privkey into publickey to start the signing process(input)>
API only to grab balance of the PUBLIC KEY (no privkeysent)
page shows balance
destination [___________] (textbox)
value to send [___________] (textbox)
[ submit ] (button)
<code to finish signing TX sending funds back to initial privkey or generates new address>
API sends signed TX to a PUSHTX

all of this can be done by using javascript and updating DIV elements so no page refreshing is needed where all the code is viewable and opensource.

again if frozen bit doesnt want this as their main wallet feature. they should atleast have it as a 'advanced' feature.. or atleast have an API to allow people to PUSHTX to, much like how blockchain.info and a few pools have

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
FrozenBit
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June 09, 2014, 03:03:52 AM
 #17

i envision a simple process such as this
green=clientside webpage red=sending to a server


Privkey: [___________] (textbox)
[ submit ] (button)
<code to turn privkey into publickey to start the signing process(input)>
API only to grab balance of the PUBLIC KEY (no privkeysent)
page shows balance
destination [___________] (textbox)
value to send [___________] (textbox)
[ submit ] (button)
<code to finish signing TX sending funds back to initial privkey or generates new address>
API sends signed TX to a PUSHTX

all of this can be done by using javascript and updating DIV elements so no page refreshing is needed where all the code is viewable and opensource.

again if frozen bit doesnt want this as their main wallet feature. they should atleast have it as a 'advanced' feature.. or atleast have an API to allow people to PUSHTX to, much like how blockchain.info and a few pools have

 Thanks for that, nothing is set in stone and that's why we posted what we have so far. We consider ourselves tinkerers so I'm sure we're going to play around with that to see what we can do. Of course don't want to giveaway for Thursdays announcement so not revealing things yet. I do encourage everyone to follow us on twitter to be updated when we upload news or post the announcement.

http://twitter.com/frozenbitio

Site link: http://frozenbit.io
Ron~Popeil
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June 09, 2014, 05:58:12 AM
 #18

As someone mentioned previously, tools to simply sign a multisig transaction would be immensely appreciated. How about a public key issuing facility, and raw transaction signing utility for transactions provided by others?

 I know we don't have an announcement yet, we're waiting until Thursday for that. We ARE developing a tool for making a 2-of-3 trustlessly with counter parties which allow you just to sign. It's going to be called RWES(Real World Escrow Situations), stay tuned for our announcement for that. We are also open-source so you could just make something we aren't currently doing yourself!

 Also note, our goal here is to cleverly teach people about multisig without the technicals behind it. It feels as simple as the blockchain, signup and done (with added security of multisig and 2fa :-))


 NOTE: RWES may NOT be ready for the End June- Mid-July Launch.

The trustless thing is truly exciting. Nice work! I am looking forward to checking it out when it goes live.

fryarminer
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June 09, 2014, 09:46:12 AM
 #19

This looks legit. Excellent concept! Looking forward to seeing the launch.
EcosystemArt
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June 09, 2014, 10:17:41 AM
 #20

all that is needed is services or even simple code to make a signed TX.. then the only thing that is needed to do online is PUSHTX

EG

if i input a privkey(from my paper wallet), a destination public key, and an amount to send. the opensource javascript (no server side processing) forms the TX and then puts it into a textbox or variable. which then can be sent to multiple relays such as blockchain.info and mining pool nodes

that way people dont need to have accounts and pre-deposited funds in third parties. they dont need usernames or passwords. all they need is their privkey, and 2 destination addresses (1 for recipient, 1 for change address)

I'm sure not everyone would want to go through that process for every transaction, or know how to for that reason for an average user like me. As the Bitcoin community goes that will include not so tech savy people too, so us not so tech savy people can have top of the line security without responsibility on us.
A lot of people i worked with,and they are 30 years +,still cant remember personal username and password,especially women.They need something easier if money is what we talk about,no matter bitcoin or else....
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