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Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 446. (Read 771288 times)

legendary
Activity: 1442
Merit: 1001
Ken,

Can you verify what U.S. Bitfunder users need to do to be sure that their shares preserved?  Do we need to be sure our public bitcoin address is one where we can sign?  For example, a non-CoinBase address?

Yes, you need to have a public Bitcoin address that you can sign, so that we can verify the number of shares you own from the Bitfunder Asset List.

If I run my wallet on my local machine, is that not good enough? I have shares currently on bitfunder, US customer.

Assuming you are referring to bitcoin-QT or Armory, then yes, you'll be able to sign messages from your receiving address.
copper member
Activity: 23
Merit: 0
Ken,

Can you verify what U.S. Bitfunder users need to do to be sure that their shares preserved?  Do we need to be sure our public bitcoin address is one where we can sign?  For example, a non-CoinBase address?

Yes, you need to have a public Bitcoin address that you can sign, so that we can verify the number of shares you own from the Bitfunder Asset List.

If I run my wallet on my local machine, is that not good enough? I have shares currently on bitfunder, US customer.
legendary
Activity: 1554
Merit: 1000
Taken from Labrat thread, and edited to be generic....


How to sign a message using blockchain.info:

- Log into blockchain.info
- Click on receive money
   - click on the actions button to the right of the address your using
   - click on sign message
      - enter email body as detailed from requester
   - click sign message
   - copy "signature" output
Close "Sign Message" window

Using the message and signature, you can create a new email which you can send to requester
sr. member
Activity: 384
Merit: 250
Ken,

Can you verify what U.S. Bitfunder users need to do to be sure that their shares preserved?  Do we need to be sure our public bitcoin address is one where we can sign?  For example, a non-CoinBase address?

Yes, you need to have a public Bitcoin address that you can sign, so that we can verify the number of shares you own from the Bitfunder Asset List.

Thanks for the quick reply Ken!

To everybody else:  Anybody have a favorite wallet they use that has signing capabilities?  I'd prefer something online as opposed to a paper wallet.  Something easy to use.

My address is from blockchain.info, is it possible to sign from there?

Yes, you can sign with blockchain.info: https://blockchain.info/wallet/wallet-faq (scroll down).
hero member
Activity: 490
Merit: 500
Ken,

Can you verify what U.S. Bitfunder users need to do to be sure that their shares preserved?  Do we need to be sure our public bitcoin address is one where we can sign?  For example, a non-CoinBase address?

Yes, you need to have a public Bitcoin address that you can sign, so that we can verify the number of shares you own from the Bitfunder Asset List.

Thanks for the quick reply Ken!

To everybody else:  Anybody have a favorite wallet they use that has signing capabilities?  I'd prefer something online as opposed to a paper wallet.  Something easy to use.

My address is from blockchain.info, is it possible to sign from there?
member
Activity: 63
Merit: 10
Ken,

Can you verify what U.S. Bitfunder users need to do to be sure that their shares preserved?  Do we need to be sure our public bitcoin address is one where we can sign?  For example, a non-CoinBase address?

Yes, you need to have a public Bitcoin address that you can sign, so that we can verify the number of shares you own from the Bitfunder Asset List.

Thanks for the quick reply Ken!

To everybody else:  Anybody have a favorite wallet they use that has signing capabilities?  I'd prefer something online as opposed to a paper wallet.  Something easy to use.
sr. member
Activity: 476
Merit: 250
Ken,

Can you verify what U.S. Bitfunder users need to do to be sure that their shares preserved?  Do we need to be sure our public bitcoin address is one where we can sign?  For example, a non-CoinBase address?

Yes, you need to have a public Bitcoin address that you can sign, so that we can verify the number of shares you own from the Bitfunder Asset List.
sr. member
Activity: 392
Merit: 250
Ken,

Can you verify what U.S. Bitfunder users need to do to be sure that their shares preserved?  Do we need to be sure our public bitcoin address is one where we can sign?  For example, a non-CoinBase address?

Please use the search engine.  Thanks.
member
Activity: 63
Merit: 10
Ken,

Can you verify what U.S. Bitfunder users need to do to be sure that their shares preserved?  Do we need to be sure our public bitcoin address is one where we can sign?  For example, a non-CoinBase address?
member
Activity: 75
Merit: 10
No. That was a response to the question "at what point do you pull the trigger and order the first batch of chips?"; to which his response was WHEN he knows the prototypes work, that's when the first batch will be ordered.

Ah ok thanks. I haven't had enough coffee today. Smiley
newbie
Activity: 37
Merit: 0
No. That was a response to the question "at what point do you pull the trigger and order the first batch of chips?"; to which his response was WHEN he knows the prototypes work, that's when the first batch will be ordered.
member
Activity: 75
Merit: 10
Does this mean that prototypes are in-hand?
hero member
Activity: 532
Merit: 500
https://karatcoin.co
It is time.

Will Tuesdays report encompass sales thus far into October as well or just September? Also, at what point do you pull the trigger and order the first batch of chips?

Thanks!

We will be reporting 3rd quarter sales.  As soon as we know the prototypes work.

hero member
Activity: 532
Merit: 500
https://karatcoin.co

He's ambitiously working on a more viable alternative, whether it's color coins or ripple based.
 

Just to be clear, it is NOT ripple based. Ken has stated that it is based on a colored coins implementation.

Source:

Working on our Colored Coins Program.

We will be using our own technology to keep track of the last sale price, bids and ask.  The colored coins will only be used to store the assets.

...
We will be trying to use a lot of the technology in our new site in our colored coins development.  We expect that our colored coins development will generate additional revenue for ActiveMining.

Savvy?
member
Activity: 111
Merit: 10
And where is the difference between an non colored coins ActM Exchange and Bitfunder?
US investors can store their shares there. On Bitfunder they are gone on November 1. Bitfunder has no plans to use colored coins for transactions, but ActM does.

Yes sure, but how long until it goes with the non colored coins ActM Exchange like with btctc.co and bitfunder?
As it sounds is AM already developing their Exchange in an early version with colored coins while Ken only has plans to do so and is still working on a version without colored coins - so its the same as all the other existing exchanges out there.

U know what will happen with shareholder and customer confidence, if we transfer our shares to the new non colored coins exchange and 2-3 weeks later the same or similar happens like with btctc and bitfunder?

Unfortunately that's what we're working with. Ken is aware of that issue just as much as anyone else. It's just a matter of time before the same problem happens, but you've got to admit that bitfunder and btct were the big dogs, easier to find. Ken's just buying some more time, that's all that can be done. He's ambitiously working on a more viable alternative, whether it's color coins or ripple based.

If the transfer of shares is going to scare you, you might want to sell. If not, with the rise of BTC value, the mining ROI is increasing which can only help ACTM.
member
Activity: 103
Merit: 10
And where is the difference between an non colored coins ActM Exchange and Bitfunder?
US investors can store their shares there. On Bitfunder they are gone on November 1. Bitfunder has no plans to use colored coins for transactions, but ActM does.

Yes sure, but how long until it goes with the non colored coins ActM Exchange like with btctc.co and bitfunder?
As it sounds is AM already developing their Exchange in an early version with colored coins while Ken only has plans to do so and is still working on a version without colored coins - so its the same as all the other existing exchanges out there.

U know what will happen with shareholder and customer confidence, if we transfer our shares to the new non colored coins exchange and 2-3 weeks later the same or similar happens like with btctc and bitfunder?
hero member
Activity: 487
Merit: 500
Are You Shpongled?
And where is the difference between an non colored coins ActM Exchange and Bitfunder?
US investors can store their shares there. On Bitfunder they are gone on November 1. Bitfunder has no plans to use colored coins for transactions, but ActM does.
member
Activity: 103
Merit: 10
If ASICMINER makes a really good exchange that can also allow for multiple securities then I suggest that Ken considers this exchange to move to. Especially if it solves the US taking over the world problem.
Why? Having multiple exchanges is a good thing for the marketplace. Ken said the ActM Exchange is almost finished to be able to store shares without a colored coins implementation for the time being. ASICMINER is still nowhere near having colored coins done -- they moved out of PRE-ALPHA stage. That likely means there are several months of development until a full release.

And where is the difference between an non colored coins ActM Exchange and Bitfunder?
hero member
Activity: 487
Merit: 500
Are You Shpongled?
If ASICMINER makes a really good exchange that can also allow for multiple securities then I suggest that Ken considers this exchange to move to. Especially if it solves the US taking over the world problem.
Why? Having multiple exchanges is a good thing for the marketplace. Ken said the ActM Exchange is almost finished to be able to store shares without a colored coins implementation for the time being. ASICMINER is still nowhere near having colored coins done -- they moved out of PRE-ALPHA stage. That likely means there are several months of development until a full release.
legendary
Activity: 1176
Merit: 1015
interesting update from asicminer...

Quick Update

Blockchain-based exchange out of pre-alpha (whether to migrate whole ASICMiner database is still a serious debating topic).
Ooo... this sounds like colored coins based exchanges are on the fast track to release now. Very good news.

If ASICMINER makes a really good exchange that can also allow for multiple securities then I suggest that Ken considers this exchange to move to. Especially if it solves the US taking over the world problem.
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