ANN: [OPAL] | POS | Secure Messaging |NO ICO

[CryptoNick]

Also a problem may be, when do those coins become un-blacklisted? When they are returned, what if they are never returned?

Yeah it really depends on if implementing it to BitCoin or creating a whole new coin. If dealing with BitCoin then what could happen would be a Confiscation at the Exchange level and an Alert when someone gets that coin for a product or service. The extension of the wallet would see that these were stolen funds and they were sent to a wallet for goods, which will be an unsuspecting merchant. At this point the merchant doesn't ship the goods and retains the BitCoin to transfer back to the initial owner. Once they hit a participating wallet the funds are snatched up and sent to the rightful owner who was hacked. Kind of like a trust network relationship. This is mostly for Large scale hacks that could cripple the economy. Could work on large and small though but to your point who and when is it used.

Also if even one exchange didn't follow the procedure it would negate the idea. There are also ways to disguise Bitcoins (using a coin tumbler, or buying and selling an altcoin). These ideas make crypto so fascinating, but challenging to possibly implement ideas like these imo.

All tumblers would have to enable the BitMarshal service. Once the coin hits it goes back to the hacked wallet or mediators wallet. You could not buy or sell alt coins with this service in place since the funds would be seized at the exchange level.

One way I could see it possibly working, is if wallets would automatically update blacklisted coins (or addresses) in real time, similar to how an anti virus software automatically updates its virus definition list to keep up to date. Then it would be an automatic process for anyone with a bitcoin-qt wallet or similar. (I think this was what you were thinking as well CryptoNick)

Yes this was kind of along the lines I was thinking, or if a new coin just create a function that goes to every wallet and transacts out the coin if proven it was hacked.

But again, I think another problem is, if you have measures like these in place, it may be taken as a safety net and exchanges may slack on security knowing that if they f'd up, there would be a possibility of having those coins returned anyway. I think ultimately it's best to address the problem at the source, which is, how do you make crypto more secure from hacks, rather then how to contain them.

Just my 2 sats on the idea!  

Possibly they would let their guard down, but get this now... If you are a hacker and you know any coins you take will be confiscated back, why would you even attempt the hack in the first place.  The hacker has no way out of the system and can not profit. Some of these exchanges are also kind of suspect like they would rob themselves and blame it on hackers, and take their users money. So BitMarshal would also negate these scenarios too.

Thanks for your response, asking these types of questions is what would make it a better solution in the end.

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[CryptoNick]

I'm sure it's been suggested before, somewhere. But what about a wallet with 2fa?

For instance: when you install a wallet, you use google authentication to generate a key and that rolling key is linked to your wallet.

This way if someone steals a wallet, they would need the 2fa to install the wallet locally before they can transfer coins from that wallet.

If you lose your 2fa you would lose your wallet...

[bassguitarman]

https://medium.com/@redditbass/cryptocurrency-fungibility-and-the-case-of-the-missing-coins-e78580792807

I made a post explaining why coin-blocking is not a good idea

[CryptoNick]

https://medium.com/@redditbass/cryptocurrency-fungibility-and-the-case-of-the-missing-coins-e78580792807

I made a post explaining why coin-blocking is not a good idea

Thanks for that article Bass...

Yes to block an address would do no good. We are talking about the transactions subsequent to a hack and their totals being tracked and confiscated, the coin would still exist so there is no bad or good coins just bad transactions. The hack would be verified and proved, then the coin could confiscate itself (if written into every wallet) and these actions are only taken after a mediator group oversaw it, kind of like the devs so to speak. It is stolen money. So to use the coin would be to agree to its functions and ability to confiscate. People who don't want the ability would not use the coin. Therefore Hackers could target coins that don't use this feature and people who want security would use this feature. It would be market demand. Guess where the money would go to and where the hackers would leave from. Everything doesn't have to be one way and not another.

I guess the instant it was hacked there would be time to tumble etc. but you could opt your coin out of tumbler or something. I don't know for sure how it would need to work to be fool proof.

BitCoins are still centralized even though they appear decentralized, and when you think about how BitCoin came about essentially legalizing it made many criminals rich, this is akin to Banksters getting rich with impunity. So instead of Bank Criminals now Black Market Criminals were rewarded or even the Government since they are the biggest criminals of them all, which is why they legalized BitCoin in the first place. BitCoin could have also put the economy back on track with the purchase of computer equipment and power so it could have just been a smart move for the Gov. There are so many facets.

We are stuck with either Whales manipulating prices of BitCoin and controlling the financial markets or companies in control of the Hashing moving the markets at their whim. It really comes down to wow look how greedy everyone is, and all we really wanted to do is be able to use the ideals set forth by decentralizing and creating a better currency for all to use. There is way more controversy however we may look at it. It was kind of tongue n cheek to start with hoping most people who don't understand the underpinnings just think yeah everything is decentralized.

If you didn't hack your coin to get it then you would have nothing to worry about ever. All other transactions would be valid and if there were also a need for small claims then by all means courts could use the power. But the funds would have to have been frozen right away prior to litigation.

So if we allow BitMarshal as an option for people to choose from then they would at least have a choice at that point. It is really something to consider if it is done properly. I don't know all the intricacies but someone could play chess with the idea enough to make it viable even if became its own coin.

[ClutchThese]

I'm sure it's been suggested before, somewhere. But what about a wallet with 2fa?

For instance: when you install a wallet, you use google authentication to generate a key and that rolling key is linked to your wallet.

This way if someone steals a wallet, they would need the 2fa to install the wallet locally before they can transfer coins from that wallet.

If you lose your 2fa you would lose your wallet...

If you lose your wallet, you lose your wallet.... What's the difference?

[stereotype]

I'm sure it's been suggested before, somewhere. But what about a wallet with 2fa?

For instance: when you install a wallet, you use google authentication to generate a key and that rolling key is linked to your wallet.

This way if someone steals a wallet, they would need the 2fa to install the wallet locally before they can transfer coins from that wallet.

If you lose your 2fa you would lose your wallet...

If you lose your wallet, you lose your wallet.... What's the difference?

Because with 2FA, peeps expect a reset to be able to be made. Which would be a false sense of security because with a decentralised space, you will have noone to go to.

[ClutchThese]

I'm sure it's been suggested before, somewhere. But what about a wallet with 2fa?

For instance: when you install a wallet, you use google authentication to generate a key and that rolling key is linked to your wallet.

This way if someone steals a wallet, they would need the 2fa to install the wallet locally before they can transfer coins from that wallet.

If you lose your 2fa you would lose your wallet...

If you lose your wallet, you lose your wallet.... What's the difference?

Because with 2FA, peeps expect a reset to be able to be made. Which would be a false sense of security because with a decentralised space, you will have noone to go to.

With 2fa, you have a recovery option. Just because you lose a phone with your 2fa, doesn't mean it's gone for good.  My guess is you've never gone through that.

[stereotype]

I'm sure it's been suggested before, somewhere. But what about a wallet with 2fa?

For instance: when you install a wallet, you use google authentication to generate a key and that rolling key is linked to your wallet.

This way if someone steals a wallet, they would need the 2fa to install the wallet locally before they can transfer coins from that wallet.

If you lose your 2fa you would lose your wallet...

If you lose your wallet, you lose your wallet.... What's the difference?

Because with 2FA, peeps expect a reset to be able to be made. Which would be a false sense of security because with a decentralised space, you will have noone to go to.

With 2fa, you have a recovery option. Just because you lose a phone with your 2fa, doesn't mean it's gone for good.  My guess is you've never gone through that.

True. Because I have a duplicate set-up on a second phone solely as a 2FA back-up.

[etoque]

Opal sphere seems anemic since a couple days,work are still steady ?

A big bunch of people getting distract from opal when it was too quiet like this

[0bert]

Opal are anemic since a couple days,work are still steady ?

I bet they do!   

[bassguitarman]

Opal sphere seems anemic since a couple days,work are still steady ?

A big bunch of people getting distract from opal when it was too quiet like this

We're having static linking errors with QT webkit dynamic libs.  Once that's resolved, fully integrated supernet wallet will be out.

Any mac users can pm me, as that's compiled

[etoque]

Opal sphere seems anemic since a couple days,work are still steady ?

A big bunch of people getting distract from opal when it was too quiet like this

We're having static linking errors with QT webkit dynamic libs.  Once that's resolved, fully integrated supernet wallet will be out.

Any mac users can pm me, as that's compiled

Thanks for this update,its all thats I want

[batesresearch]

Have a crypto based charity and need web hosting?

If Your website is for a crypto charity, or in some way works for the good of others, then visit cryptocloudhosting.org/charity-hosting for free hosting!

[Voidlord]

Bitstamp up, let'see...

Nejc Kodrič (CEO) wrote the downtime was quite long because they had to install the Bitstamp systems from a safe backup on new hardware, which allow them to keep the corrupted one as evidence, to integrate Multi-sig and Amazon web services.

https://www.bitstamp.net/article/bitstamp-is-open-for-business-better-than-ever/

[batesresearch]

Have a crypto based charity and need web hosting?

If Your website is for a crypto charity, or in some way works for the good of others, then visit cryptocloudhosting.org/charity-hosting for free hosting!

we will be in touch, we also have a contingent of cause-coins who will also be informed.

Excellent we await your message, thanks.

[altcoin.center]

Hi!

I'm quoting myself from the DOPE thread. Relates to OPAL as well, at lest from my point of view.

Glanced at bittrex for shits and giggles and DAMN!  Hate to spill the haterade in here but damn I'm glad im out.  Slaughter on bittrex, with delist to boot.

I do understand and am genuinely happy you didn't have to take any losses. Then again my own perspective is very different from those who mostly the the altcoin scene as a means to make more or less immediate profit.

The reason I'm putting so much energy into development of DOPE and other cryptos is a very long running process that has been going on for ages: that of developing open and functional currency systems to replace the biggest scam in the history of mankind called fractional reserve banking.

Although I have nothing against people looking at the values of the gazillions of coins out there, my personal take is that we're still possibly years away from the point when the value (compared to fiat) is worth giving much notion at all. What needs to be done first is the establishment of a solid foundation on which the cryptos can build upon.

While the technical level development of block chain based technologies has been absolutely beautiful to watch, the foundations have, for the most part, not been laid out at all. This is normal to any new technology driven innovation and it's not a problem per se, yet it does mean that the groundwork still has to be done sooner or later. I prefer sooner, which is why my focus has been and will be in doing just that, not worrying (at all) of the short term price fluctuations.

The moment we witness the collapse of the fiat currencies is the moment when those who have invested in crypto (either in the form of money or brain power) will start to get really wealthy. It's impossible to say when that will happen and which coins are going to be the ones the mankind as a whole chooses to trust, but happen it will and the choice of the coins can be affected by making sure that the currencies one decides to invest in are the ones that have what it takes (both technically and otherwise) to really make it big.

Hence my decision to keep investing in DOPE as well as the few carefully selected coins Altcoin.Center is supporting and working with.

- Jyri
--
Altcoin.Center

https://bitcointalk.org/index.php?topic=467641.msg10110940#msg10110940

[ZaoXhou]

We're having static linking errors with QT webkit dynamic libs.  Once that's resolved, fully integrated supernet wallet will be out.

Any mac users can pm me, as that's compiled

Its the good, I love it.

[QFT]

Im sure there will be some good releases coming. 

[NoobKidOnTheBlock]

Im sure there will be some good releases coming. 

Hey just a question outta curiosity because I am an OPAL investor, but what ever happened to the marketplace? Is it actually up and running or did they abandon that project? If anyone could update me on this that would be greatly appreciated Cheers

[RCan06]

Im sure there will be some good releases coming.  

Hey just a question outta curiosity because I am an OPAL investor, but what ever happened to the marketplace? Is it actually up and running or did they abandon that project? If anyone could update me on this that would be greatly appreciated Cheers

It has never gone anywhere since its been released > http://market.opal-coin.com/

Markets are only as good as investors make them though, I'm sure the opal team is working on other developments right now, and will likely come back to the market at a later date. Until then, as far as I'm aware, anyone can buy or sell on it right now in its current state.The infrastructure is all there, and has been for quite some time now.

Cheers