Notice:: PROJECT X, Come Join the Movement

[MisO69]

I do like the idea, but I would leave BTC out of it. Just because its value is so much more than any alt. Distribution will be skewed towards large BTC holders. Who may never claim their coins to begin with. Just a thought.

Can you add Pinkcoin?

I will reduce the protion that goes to BTC significantly.

PinkCoin added

Cool and Cool! Thanks, seen your post on the Pinkcoin thread.

This is going to be a great coin!

[Hueristic]

ONE COIN TO RULE THEM ALL!

[Mario241077]

I believe this is the way. There are every day more and more, and we all know that a lot of shit this is! A few do not know that! The New! this is like the OTC / wall street! Thus, the strength of all strong stable etabalierten Coins can be united!

it plays no role whether they just have a little or a high value!

important is actually only being worked constantly on them! And no hype is generated which is then lost because the Dev gives up and away!

[drawingthesun]

Any chance unredeemed coins start a "half life" after the first couple of years, such that within a decade all unredeemed coins can no longer be redeemed at all.

First year: 1:1 for coin redemption.
Second year: same.
Third year: 90% of value?
Fourth year: 80% of value?
Twelfth year: 0% of value?

This forces people to redeem coins as soon as possible and gets people involved sooner rather than later.

This could be done with a type of smart contract, if Project X has some type of smart contract ability, similar to Ethereum.

[Mario241077]

lajz99

YES, and he also writes in the OP! And then the question already, you like to work for free? I can tell you that I sit all day in front of Coins and fight every day against the morons who have no patience, whether on an exchange or with words! Do you think I do that out of boredom?

I have also given thee like an interview ...

These are the people who like like everyone wants to be rich tomorrow. But do not see the opportunities that have old coins !! Even with huge advantages over the Bitcoin!


http://www.onvista.de/news/dgap-news-karl-theodor-zu-guttenberg-im-interview-mit-ariva-de-ueber-kryptowaehrungen-das-potenzial-laesst-sich-noch-gar-nicht-ermessen-deutsch-1148357

[Mario241077]

if you mean,

then we can give up all alt coins !! and shit on the BTC, we all only sell ... Sometime is no longer worth it! What, then, have all won ??

really nothing

[barwizi]

Any chance unredeemed coins start a "half life" after the first couple of years, such that within a decade all unredeemed coins can no longer be redeemed at all.

First year: 1:1 for coin redemption.
Second year: same.
Third year: 90% of value?
Fourth year: 80% of value?
Twelfth year: 0% of value?

This forces people to redeem coins as soon as possible and gets people involved sooner rather than later.

This could be done with a type of smart contract, if Project X has some type of smart contract ability, similar to Ethereum.

That's a great idea, thanks! will definitely incorporate. Any guesses at what can be considered a reasonable time-frame? a decade is a bit long... maybe 5 years?

[URSAY]

Giving up private keys for multiple coins to one untrusted source?  

 

Do you even understand what i said? Noone except you knows your private key, you are not giving them up to anyone.

If I am confused then perhaps you can help.  Are you saying that you don't need to input other coin's private keys into a XUC wallet which communicates with the internet?  Are we just signing messages to prove balances?

[barwizi]

Giving up private keys for multiple coins to one untrusted source?  

 

Do you even understand what i said? Noone except you knows your private key, you are not giving them up to anyone.

If I am confused then perhaps you can help.  Are you saying that you don't need to input private keys into a XUC wallet which communicates with to the internet?

How is that different from moving your BTC keys from one wallet to another In that case we should completely abolish the whole idea of private keys from crypto altogether. If you have doubts, how about looking through the source code when it's available, else all this is is FUD.

unless of course you really are confused 

[URSAY]

Giving up private keys for multiple coins to one untrusted source?  

 

Do you even understand what i said? Noone except you knows your private key, you are not giving them up to anyone.

If I am confused then perhaps you can help.  Are you saying that you don't need to input private keys into a XUC wallet which communicates with to the internet?

How is that different from moving your BTC keys from one wallet to another In that case we should completely abolish the whole idea of private keys from crypto altogether. If you have doubts, how about looking through the source code when it's available, else all this is is FUD.

There is a BIG difference.  BTC has been around a long time and I would be moving keys between trusted wallets.  However, I don't know you, your coin, your software, or your full intentions.  Also, when I ask reasonable questions and you seem to get frustrated, that is a bad sign.

[theprofileth]

Giving up private keys for multiple coins to one untrusted source?  

 

Do you even understand what i said? Noone except you knows your private key, you are not giving them up to anyone.

If I am confused then perhaps you can help.  Are you saying that you don't need to input private keys into a XUC wallet which communicates with to the internet?

How is that different from moving your BTC keys from one wallet to another In that case we should completely abolish the whole idea of private keys from crypto altogether. If you have doubts, how about looking through the source code when it's available, else all this is is FUD.

There is a BIG difference.  BTC has been around a long time and I would be moving keys between trusted wallets.  However, I don't know you, your coin, your software, or your full intentions.  Also, when I ask reasonable questions and you seem to get frustrated, that is a bad sign.

Basically I agree that using private keys for anything other than their original intended software is a bad idea, I mean for one thing it makes this project a lot higher of a target for keyloggers given that they now only need 1 password to access EVERY private key you have imported. It would be better if we could just sign a message using our original wallets and somehow use that as a private key that way everyone is one step removed risk wise and still able to prove ownership.

[barwizi]

Giving up private keys for multiple coins to one untrusted source?  

 

Do you even understand what i said? Noone except you knows your private key, you are not giving them up to anyone.

If I am confused then perhaps you can help.  Are you saying that you don't need to input private keys into a XUC wallet which communicates with to the internet?

How is that different from moving your BTC keys from one wallet to another In that case we should completely abolish the whole idea of private keys from crypto altogether. If you have doubts, how about looking through the source code when it's available, else all this is is FUD.

There is a BIG difference.  BTC has been around a long time and I would be moving keys between trusted wallets.  However, I don't know you, your coin, your software, or your full intentions.  Also, when I ask reasonable questions and you seem to get frustrated, that is a bad sign.

Then you really dont knwo why BTC is trusted or any other coin for that matter, they are trusted because they are OPEN SOURCE, ie, if you have any doubts you can read the code yourself. Your question is a genuine one and i'm not frustrated, just that you seem to think there are categories of being open source.

either way, you are free to participate or not, so if your concern is your private keys then either read the code or leave well enough alone.

[Propulsion]

Giving up private keys for multiple coins to one untrusted source?   

 

Do you even understand what i said? Noone except you knows your private key, you are not giving them up to anyone.

Yeah you are. If I download your "barwizi wallet" and import my private bitcoin keys into it, you'll have the keys if the wallet is malicious.

This is stupid. Anyone who imports their private keys into this "Universal Wallet" is a fool.

[barwizi]

Giving up private keys for multiple coins to one untrusted source?  

 

Do you even understand what i said? Noone except you knows your private key, you are not giving them up to anyone.

If I am confused then perhaps you can help.  Are you saying that you don't need to input private keys into a XUC wallet which communicates with to the internet?

How is that different from moving your BTC keys from one wallet to another In that case we should completely abolish the whole idea of private keys from crypto altogether. If you have doubts, how about looking through the source code when it's available, else all this is is FUD.

There is a BIG difference.  BTC has been around a long time and I would be moving keys between trusted wallets.  However, I don't know you, your coin, your software, or your full intentions.  Also, when I ask reasonable questions and you seem to get frustrated, that is a bad sign.

Basically I agree that using private keys for anything other than their original intended software is a bad idea, I mean for one thing it makes this project a lot higher of a target for keyloggers given that they now only need 1 password to access EVERY private key you have imported. It would be better if we could just sign a message using our original wallets and somehow use that as a private key that way everyone is one step removed risk wise and still able to prove ownership.

I think that only applies if you use a wallet other than the one i will provide. The risk is there for those who go outside the prescribed directions, the keys are only imported and no other copy is kept, so if your wallet is kept secure there will be no problems.

As for key loggers if a user opens themselves up to it then there is little we can do to help , it's no different a situation from right now, you could be unfortunate enough to have one on your machine already trying to get at your keys, how is that in anyway related to this project?

This is a crypto currency that will be based off Bitcoin code, securing your wallet is your job , how have you been keeping them safe all this time and how does this project change that?

Again this is just FUD since all the security issues are on the users end not the actual app itself.

As for using your suggested method, i agree that would be great IF it was possible, but we are not worried about ownership in this case. we are concerned about your balance to use to calculate your % stake.

The method you described above still requires you to have a way to redeem the coins attached to your address, which plain and simple is still your private keys.

[Propulsion]

Giving up private keys for multiple coins to one untrusted source?  

 

Do you even understand what i said? Noone except you knows your private key, you are not giving them up to anyone.

If I am confused then perhaps you can help.  Are you saying that you don't need to input private keys into a XUC wallet which communicates with to the internet?

How is that different from moving your BTC keys from one wallet to another In that case we should completely abolish the whole idea of private keys from crypto altogether. If you have doubts, how about looking through the source code when it's available, else all this is is FUD.

There is a BIG difference.  BTC has been around a long time and I would be moving keys between trusted wallets.  However, I don't know you, your coin, your software, or your full intentions.  Also, when I ask reasonable questions and you seem to get frustrated, that is a bad sign.

Basically I agree that using private keys for anything other than their original intended software is a bad idea, I mean for one thing it makes this project a lot higher of a target for keyloggers given that they now only need 1 password to access EVERY private key you have imported. It would be better if we could just sign a message using our original wallets and somehow use that as a private key that way everyone is one step removed risk wise and still able to prove ownership.

I think that only applies if you use a wallet other than the one i will provide. The risk is there for those who go outside the prescribed directions, the keys are only imported and no other copy is kept, so if your wallet is kept secure there will be no problems.

As for key loggers if a user opens themselves up to it then there is little we can do to help , it's no different a situation from right now, you could be unfortunate enough to have one on your machine already trying to get at your keys, how is that in anyway related to this project?

This is a crypto currency that will be based off Bitcoin code, securing your wallet is your job , how have you been keeping them safe all this time and how does this project change that?

Again this is just FUD since all the security issues are on the users end not the actual app itself.

As for using your suggested method, i agree that would be great IF it was possible, but we are not worried about ownership in this case. we are concerned about your balance to use to calculate your % stake.

The method you described above still requires you to have a way to redeem the coins attached to your address, which plain and simple is still your private keys.

The whole issue is unless the wallet you provide is inspected every single time it's released or updated, you could just take everyones private keys on a whim.

You should really come up with a better distribution method.

[barwizi]

Giving up private keys for multiple coins to one untrusted source?   

 

Do you even understand what i said? Noone except you knows your private key, you are not giving them up to anyone.

Yeah you are. If I download your "barwizi wallet" and import my private bitcoin keys into it, you'll have the keys if the wallet is malicious.

This is stupid. Anyone who imports their private keys into this "Universal Wallet" is a fool.

A lot of if's in your statement.

FUD


Your statement has no basis in fact and is mired in suscipicion, if you can present some solid grounds on why i'd release a malicious wallet, then i'll take your comments into consideration. I'd rather not moderate this thread, but it would be wonderful if you'd post something with substance.

Security and privacy concerns are important, but lets not try to raise them as a means of FUD in this thread, genuine questions and concerns will always get my full attention.

[barwizi]

Giving up private keys for multiple coins to one untrusted source?  

 

Do you even understand what i said? Noone except you knows your private key, you are not giving them up to anyone.

If I am confused then perhaps you can help.  Are you saying that you don't need to input private keys into a XUC wallet which communicates with to the internet?

How is that different from moving your BTC keys from one wallet to another In that case we should completely abolish the whole idea of private keys from crypto altogether. If you have doubts, how about looking through the source code when it's available, else all this is is FUD.

There is a BIG difference.  BTC has been around a long time and I would be moving keys between trusted wallets.  However, I don't know you, your coin, your software, or your full intentions.  Also, when I ask reasonable questions and you seem to get frustrated, that is a bad sign.

Basically I agree that using private keys for anything other than their original intended software is a bad idea, I mean for one thing it makes this project a lot higher of a target for keyloggers given that they now only need 1 password to access EVERY private key you have imported. It would be better if we could just sign a message using our original wallets and somehow use that as a private key that way everyone is one step removed risk wise and still able to prove ownership.

I think that only applies if you use a wallet other than the one i will provide. The risk is there for those who go outside the prescribed directions, the keys are only imported and no other copy is kept, so if your wallet is kept secure there will be no problems.

As for key loggers if a user opens themselves up to it then there is little we can do to help , it's no different a situation from right now, you could be unfortunate enough to have one on your machine already trying to get at your keys, how is that in anyway related to this project?

This is a crypto currency that will be based off Bitcoin code, securing your wallet is your job , how have you been keeping them safe all this time and how does this project change that?

Again this is just FUD since all the security issues are on the users end not the actual app itself.

As for using your suggested method, i agree that would be great IF it was possible, but we are not worried about ownership in this case. we are concerned about your balance to use to calculate your % stake.

The method you described above still requires you to have a way to redeem the coins attached to your address, which plain and simple is still your private keys.

The whole issue is unless the wallet you provide is inspected every single time it's released or updated, you could just take everyones private keys on a whim.

You should really come up with a better distribution method.

Yes, that is actually the way it is meant to be, open source software must be vetted all the time, it's made open source to increase trust because if there is anything funny in the wallet, it will be discovered and reported.

How do you suggest that people gain control of their share without use of a secure means available only to themselves?

This is simply an adaptation of the use of private keys there is no change in how they function. Their purpose is not wallet recovery as a lot of people seem to think, private keys are your proof of ownership.  Public keys and addresses just server to tell/describe where to send a transaction and i see no way of accurately distributing the coins without use of addresses. And the only way you can redeem coins attached to a particular address, is to have the proof ownership.

[barwizi]

We are satoshi added to list of participating coins.

[hack_]

Great idea, i like it. Whats with the shitton of negativity?

[theprofileth]

Giving up private keys for multiple coins to one untrusted source?  

 

Do you even understand what i said? Noone except you knows your private key, you are not giving them up to anyone.

If I am confused then perhaps you can help.  Are you saying that you don't need to input private keys into a XUC wallet which communicates with to the internet?

How is that different from moving your BTC keys from one wallet to another In that case we should completely abolish the whole idea of private keys from crypto altogether. If you have doubts, how about looking through the source code when it's available, else all this is is FUD.

There is a BIG difference.  BTC has been around a long time and I would be moving keys between trusted wallets.  However, I don't know you, your coin, your software, or your full intentions.  Also, when I ask reasonable questions and you seem to get frustrated, that is a bad sign.

Basically I agree that using private keys for anything other than their original intended software is a bad idea, I mean for one thing it makes this project a lot higher of a target for keyloggers given that they now only need 1 password to access EVERY private key you have imported. It would be better if we could just sign a message using our original wallets and somehow use that as a private key that way everyone is one step removed risk wise and still able to prove ownership.

I think that only applies if you use a wallet other than the one i will provide. The risk is there for those who go outside the prescribed directions, the keys are only imported and no other copy is kept, so if your wallet is kept secure there will be no problems.

As for key loggers if a user opens themselves up to it then there is little we can do to help , it's no different a situation from right now, you could be unfortunate enough to have one on your machine already trying to get at your keys, how is that in anyway related to this project?

This is a crypto currency that will be based off Bitcoin code, securing your wallet is your job , how have you been keeping them safe all this time and how does this project change that?

Again this is just FUD since all the security issues are on the users end not the actual app itself.

As for using your suggested method, i agree that would be great IF it was possible, but we are not worried about ownership in this case. we are concerned about your balance to use to calculate your % stake.

The method you described above still requires you to have a way to redeem the coins attached to your address, which plain and simple is still your private keys.

Wait, so you are saying that after we import using our private keys we/someone can't use dumpprivkey after unlocking the wallet?