[ANN] 10k Coin | Now with 10% PoS and 10000% Superblocks | 10k/MMXIV Market OPEN

[jc12345]

Also, why send private keys through the mail (which CAN be intercepted and resent very easily) rather than through something secure like an HTTPS connection?

I am just thinking aloud here - Perhaps it is felt that the private key will exist un-encrypted on the recipients PC or can be stolen via man in the browser malware? In essence, the issue is how to securely exchange a key. Traditionally, key exchanges happen with key encrypting keys which most of the time are PKI public/private key pairs. The crypto private key could be sent by encrypting it with the receiver's public PGP key. It could become technical to setup for the average guy on the street, but I would assume if someone knows how to stake then they would know how to setup PGP. It is difficult to prove that it is the recipient that has the private key unless you have proven identity via face to face. However the same can be said about the physical address entered. This can be overcome by displaying a code at the time of purchase or downloading a text file at purchase time. The recipient then has to encrypt and sign the code/file and upload it back during the session. The seller verifies the code/file by checking the signature of the recipient using the recipient's public key. if it checks out the seller can download/email the crypto private key encrypted with the recipient's public key. The process has flaws but at least solves the issue of the risk of intercepting an emailed key or displaying the key online to be stolen via man in the browser.

Using a physical address on the other hand assists with "know your customer" for anti-money laundering rules.

PS: Seems like this scenario is playing out. Time will tell.
https://bitcointalk.org/index.php?topic=942977.msg10404932#msg10404932

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[ValleyOfTheWolves]

thank you dumpers im almost at the top 10 richlist  keep going

[Landplop]

Can someone explain this exactly to me?

[iGotSpots]

Also, why send private keys through the mail (which CAN be intercepted and resent very easily) rather than through something secure like an HTTPS connection?

I am just thinking aloud here - Perhaps it is felt that the private key will exist un-encrypted on the recipients PC or can be stolen via man in the browser malware? In essence, the issue is how to securely exchange a key. Traditionally, key exchanges happen with key encrypting keys which most of the time are PKI public/private key pairs. The crypto private key could be sent by encrypting it with the receiver's public PGP key. It could become technical to setup for the average guy on the street, but I would assume if someone knows how to stake then they would know how to setup PGP. It is difficult to prove that it is the recipient that has the private key unless you have proven identity via face to face. However the same can be said about the physical address entered. This can be overcome by displaying a code at the time of purchase or downloading a text file at purchase time. The recipient then has to encrypt and sign the code/file and upload it back during the session. The seller verifies the code/file by checking the signature of the recipient using the recipient's public key. if it checks out the seller can download/email the crypto private key encrypted with the recipient's public key. The process has flaws but at least solves the issue of the risk of intercepting an emailed key or displaying the key online to be stolen via man in the browser.

Using a physical address on the other hand assists with "know your customer" for anti-money laundering rules.

PS: Seems like this scenario is playing out. Time will tell.
https://bitcointalk.org/index.php?topic=942977.msg10404932#msg10404932

We have already explored options to do half of the private key online and half from the mail eventually. We are going to change it up, of course, this is only step one to test the system as a whole

[Klaasje]

Damn people are killing the price pfff
from 58000 sats to 21000sats

[ryanb]

Damn people are killing the price pfff
from 58000 sats to 21000sats

I can see it going below that, panic selling is going on right now

[TakeItEasy]

Damn people are killing the price pfff
from 58000 sats to 21000sats

I can see it going below that, panic selling is going on right now

What's the reason ?

[qiwoman2]

Damn people are killing the price pfff
from 58000 sats to 21000sats

I can see it going below that, panic selling is going on right now

I put in 2 buy orders.let's see what numpties dump while i sleep .

[qiwoman2]

Damn people are killing the price pfff
from 58000 sats to 21000sats

I can see it going below that, panic selling is going on right now

What's the reason ?

stupidity and retarded trading..

[Repunza]

Damn people are killing the price pfff
from 58000 sats to 21000sats

I can see it going below that, panic selling is going on right now

What's the reason ?

Kids and people who thinks a few hundred $$$ is a lot of money...

[Laamadeus]

Yeah the price is going down. We need more buyers. This experiment is still young, so there is only "few" people who know this. Weak hands panic selling, because they don't understand that there will be more buyers after awhile and this is like getting dividend on shares. I will keep stake my 10k's and of course now is opportunity to buy more at low prices  

[ValleyOfTheWolves]

I dont care about the price i care about getting more coins.

[Landplop]

Can someone explain this exactly to me?

.?

[tamara163]

another shit coin
why coin is called 10K?
I'm not good at English.
I thought POW 10,000 COINS
LOOKS LIKE THE DEV AND A PAIR OF CHILDREN WHALES BLAME
who ever watched code?
well that much is not bought!

[Laamadeus]

Yeah the price is going down. We need more buyers. This experiment is still young, so there is only "few" people who know this. Weak hands panic selling, because they don't understand that there will be more buyers after awhile and this is like getting dividend on shares. I will keep stake my 10k's and of course now is opportunity to buy more at low prices  

Just when I wrote that the order list getting longer and price is going up, yei. Now is time to buy.

[Repunza]

Yeah the price is going down. We need more buyers. This experiment is still young, so there is only "few" people who know this. Weak hands panic selling, because they don't understand that there will be more buyers after awhile and this is like getting dividend on shares. I will keep stake my 10k's and of course now is opportunity to buy more at low prices  

Just when I wrote that the order list getting longer and price is going up, yei. Now is time to buy.

Yes looks like price has stabilized and maybe heading higher soon...

[WigitGetIt]

another shit coin
why coin is called 10K?
I'm not good at English.
I thought POW 10,000 COINS
LOOKS LIKE THE DEV AND A PAIR OF CHILDREN WHALES BLAME
who ever watched code?
well that much is not bought!

Not a shitcoin
10,000 Staking percentage, hence 10K
I see that
Nope people likely dumping stakes
We all watched the code.
Get some cheap.

[MALCOM X X X]

DUMP AGAIN.. 

I WILL BE NO.1 ON RICHLIST   

[Laamadeus]

Nicee. There will be no more buy orders with price of 0.000001 or something similar. Lowest order with almost 3000 10k is now 0.00020000.

[tamara163]

DUMP AGAIN.. 

I WILL BE NO.1 ON RICHLIST   

you and will throw all the coins in the next pump