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Author Topic: How to prove how many BTC i have  (Read 836 times)
killakem (OP)
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July 11, 2014, 09:39:25 AM
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Hi Guys,

I'm starting a coin that requires me to prove my BTC balance. Any ideas on how to do this with out risking my privacy.

Screenshots wont do as they can be modified easily.

Regards
killa
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July 11, 2014, 09:55:16 AM
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You can prove that you're the owner of a certain address by signing a message with that address.

Others can verify if this is correct in their own Bitcoin wallet.

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July 11, 2014, 10:20:37 AM
 #3

Hi Guys,

I'm starting a coin that requires me to prove my BTC balance. Any ideas on how to do this with out risking my privacy.

Screenshots wont do as they can be modified easily.

Regards
killa

You're "starting a coin" but you don't know how to prove a bitcoin balance. Seriously.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
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July 11, 2014, 10:22:11 AM
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You can prove that you're the owner of a certain address by signing a message with that address.

Others can verify if this is correct in their own Bitcoin wallet.

Indeed this is one of the best method to prove that you own some Bitcoin address.

on other hand you can send to someone small amount of bitcoin (0.00001 for example) to prove him that you are in a control of that address.


Hi Guys,

I'm starting a coin that requires me to prove my BTC balance. Any ideas on how to do this with out risking my privacy.

Screenshots wont do as they can be modified easily.

Regards
killa

You're "starting a coin" but you don't know how to prove a bitcoin balance. Seriously.

Well this is interesting indeed =)
zhinkk
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July 11, 2014, 08:27:47 PM
 #5

Hi Guys,

I'm starting a coin that requires me to prove my BTC balance. Any ideas on how to do this with out risking my privacy.

Screenshots wont do as they can be modified easily.

Regards
killa

You're "starting a coin" but you don't know how to prove a bitcoin balance. Seriously.

I really he means starting a coin service/website or something. He can't be serious about making another coin.
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July 11, 2014, 10:36:51 PM
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Open up Bitcoin core.
File - Sign Message.

Enter your Bitcoin address. Enter your message. Give this information to someone who wants to verify you and use the Blockchain to prove balance. Singing a message will prove ownership of address.

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July 11, 2014, 10:47:15 PM
 #7

Whoever's asking you for proof needs to generate a random string for you to sign. Otherwise you could simply copy a valid signature from the actual owner and paste it to victims.

Saying that you don't trust someone because of their behavior is completely valid.
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