Wallet-as-a-Service is Here: Coinkite API has launched! (CTO here happy to answer any questions) by dochex in Bitcoin

[–]goldcakes 3 points4 points  (0 children)

sorry, this has been archived and can no longer be voted on

Remember: Coinkite is NOT a wallet. You do not have control over your private key. We as a community need to say never to pseudo banks.

Have you guys forgotten MtGox already!? If you don't want to lose your Bitcoins, make sure that only you have control over your private keys. You do that by using a wallet, not a bank who minds your private keys, and keeps control over your Bitcoins 'for you'.

Wallet-as-a-Service is Here: Coinkite API has launched! (CTO here happy to answer any questions) by dochex in Bitcoin

[–]goldcakes 3 points4 points  (0 children)

sorry, this has been archived and can no longer be voted on

There is a reason why legitimate, venture-funded Bitcoin merchant platforms such as Bitpay and Coinbase do not touch altcoins.

Wallet-as-a-Service is Here: Coinkite API has launched! (CTO here happy to answer any questions) by dochex in Bitcoin

[–]goldcakes 5 points6 points  (0 children)

sorry, this has been archived and can no longer be voted on

Sure. Why don't I have full and exclusive control over my private keys?

You are NOT a wallet. You are a bank without insurance. I don't care how good your security is, or if you offer assurance that you are 'full reserve' -- if you do not have exclusive control over your private keys, you are not a wallet.

Some services use Multisig with nLocktime so that both of us must co-operate in order for funds to be sent. If both of us do not co-operate (eg: the site demands a 50% ransom or they won't sign the transaction), the nLockTime ensures that the Bitcoin network will automatically transfer coins to one of my addresses. This can be considered a wallet.

Any service where I do not generate the private keys, that are absolutely required (but may not be what's solely required) to spend the money, is not a wallet. It's not how Satoshi designed Bitcoin - a decentralized network for transactions without financial intermediaries.

What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other

  • Satoshi Nakamoto. Read the Bitcoin whitepaper. Yes, 'wallet as a service' -- no, banking is against Bitcoin.

Also, you've admitted to engaging in what borderlines on vote manipulation here.

Wallet-as-a-Service is Here: Coinkite API has launched! (CTO here happy to answer any questions) by dochex in Bitcoin

[–]goldcakes 4 points5 points  (0 children)

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We shared this link with a lot of our userbase!

You are very much aware that this behavior is heavily frowned upon, and has gotten many sites domain banned?

https://pay.reddit.com/wiki/reddiquette#wiki_in_regard_to_promoting_reddit_posts

Geohotz Level by geonotz in AskNetsec

[–]goldcakes 0 points1 point  (0 children)

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I think it's not necessarily talent (although that plays an important part) but more about the mindset of thinking like a bug hunter. I never look for anything intentionally, but I frequently come across "Hmm.. what if" thoughts and sometimes that end up in something interesting. I think someone with a similar mindset, but on a much more pronounced scale, would be 'geohotz level'.

What is one piece of software you think should be on every PC? by Funkotron_king in AskReddit

[–]goldcakes 0 points1 point  (0 children)

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No. Flux is a PC program. Your add ons have no effeect.

f.lux selling browsing data? was mentioned elsewhere, anyone knows what it means? by Madd0g in privacy

[–]goldcakes 2 points3 points  (0 children)

sorry, this has been archived and can no longer be voted on

Flux opens a strange UDP port constantly. I'm not good at reverse engineering, I have no idea what I'm looking at with a disassembler but anyone with the technical skills should investigate.

Use redshift. Open source.

Okay Reddit -- Let's make Paper Wallets more fun-- Post your designs here. .08 Bitcoin if someone makes something cool by bruce_fenton in Bitcoin

[–]goldcakes 0 points1 point  (0 children)

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This is a crap template to be honest. Odd shape, significantly wasted space. Bitaddress's rectangular design, while looking less shiny, is a lot more practical.

Pittsburgh Poised to Become First Municipality to Accept Bitcoin by AdamBLevine in Bitcoin

[–]goldcakes 4 points5 points  (0 children)

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Yeah. This is on-par with other 'letstalkbitcoin' alt coin pumping journalism.

How long will it be until 9/11 is a major focus in games? by Very_legitimate in Games

[–]goldcakes 4 points5 points  (0 children)

sorry, this has been archived and can no longer be voted on

Well, I suppose you can have a mission where you are one of the hijackers, divided into 3 stages:

  1. Airport security stage: Distract the airport security guards and bypass the metal scanners. Board the plane. To stretch out the mission you could have a bathroom break side objective.

  2. Hijacking stage: Use your nail clippers and the threat of a bomb to hijack the plane and get into the cockpit. Make sure to turn off the transponder ASAP to avoid being intercepted.

  3. Piloting stage: Avoid being in the line of sight of other plans so you do not get spotted, and aim for the WTC. Realistic building physics simulation so you have to have the right pitch, angle and speed to actually crash the tower.

Any B-grade first person shooter that wants to get free publicity can simply do this mission and get a few hundred thousand dollars worth of advertising as everyone, from MSM to gaming sites to YouTube personalities would be talking about it. Your game dev career might be ruined, but hey this is a good way to cash in to sales as people buy to see what it's like.

why are you reporting this?

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