Worlds first crypto-currency with "Reversible Transactions" - Reversecoin

[reversecoin]

do you white paper only or is der any code

Posted From bitcointalk.org Android App

We have implemented Proof of Concept. Please check out code on our github repo : https://github.com/obulpathi/reversecoin.
We have tutorial also. Please check out on our website : http://www.reversecoin.org/howitworks.html

[reversecoin]

only a few get hacked no need to reverse theres hardware to protect from hacks

Hardware wallets require human intervention. So,online exchanges and online coin wallets cannot be build using hardware wallets. Reversecoins provide security features to these systems at no cost.

[tobeaj2mer01]

do you white paper only or is der any code

Posted From bitcointalk.org Android App

We have implemented Proof of Concept. Please check out code on our github repo : https://github.com/obulpathi/reversecoin.
We have tutorial also. Please check out on our website : http://www.reversecoin.org/howitworks.html

When will the wallet come out?

[silverduck]

so this going to be a ico ?

[cakir]

Let's add this topic to watchlist.

If there'll be an ico/ipo nobody will buy it (because of reverse function).

Anyway, it's too soon to make a comment, we need to see it's code etc first...

[reversecoin]

do you white paper only or is der any code

Posted From bitcointalk.org Android App

We have implemented Proof of Concept. Please check out code on our github repo : https://github.com/obulpathi/reversecoin.
We have tutorial also. Please check out on our website : http://www.reversecoin.org/howitworks.html

When will the wallet come out?

We have command line wallet not GUI wallet. Please check out here : http://www.reversecoin.org/howitworks.html

[shinkicker]

I see an issue here.

First off lets look at the transaction delay in the vault wallet. If the time-frame is for example one hour, this would not be sufficient time for people to discover there private key has been stolen and the funds have been moved else where. Most people check balance around once a day, if that. I check my fiat account maybe once a week, BTC wallet only when I make a transaction. I don't buy stuff everyday.

So lets assume 24 hours then to provide more cover time. Well the problem here is that for any major transactions where you want to be sure you really get your coins, without the other side doing a reverse back, 24 hours would be far to long.

Here all the beauty of bitcoin is lost (fast transaction / confirmations).

[reversecoin]

I see an issue here.

First off lets look at the transaction delay in the vault wallet. If the time-frame is for example one hour, this would not be sufficient time for people to discover there private key has been stolen and the funds have been moved else where. Most people check balance around once a day, if that. I check my fiat account maybe once a week, BTC wallet only when I make a transaction. I don't buy stuff everyday.

So lets assume 24 hours then to provide more cover time. Well the problem here is that for any major transactions where you want to be sure you really get your coins, without the other side doing a reverse back, 24 hours would be far to long.

Here all the beauty of bitcoin is lost (fast transaction / confirmations).

In reply to your 1st question, we are working on monitor and alert service. This will monitor your vault accounts and notify you via sms, mail or phone call, when transactions are initiated from your vault accounts.

for 2nd question : The purpose of vault accounts is to store large number of coins securely much like a saving account. For day to day transactions you can use normal accounts holding small number of coins.

[reversecoin]

so this going to be a ico ?

its going to be an ico. check out code here: https://github.com/obulpathi/reversecoin

[CoinBreader]

you offering an ICO ? fix your presentation a little bit, make a decent whitepaper etc

[thedok]

So I can reverse a transaction,  thatll be useful when  Oh yeah, the coin has no use. You so called devs should really put your efforts towards already established coins. It like when they bring a new cann shop out and a new  crypto to suit, they be much better off buying into an established cann coin then adding their service on top. Anyway good luck, I think youll need it

[reversecoin]

would multi signatures not accomplish the same thing ?

You cannot achieve reverse transactions using multi sig

[reversecoin]

you offering an ICO ? fix your presentation a little bit, make a decent whitepaper etc

We are working on adding some more features once its completed,then we will update the presentation and white paper etc...

[cisahasa]

(gui=no)+(ico premine=yes)=(worth of testing=no)

[tobeaj2mer01]

Any update?

[Equate]

Command line wallet + ICO + No roadmap = Disaster.

[reversecoin]

We are working on some great features for a big release soon!
In this light, we have postponed fundraising! We will update with more news in coming months.