Topic: [ANN] Send bitcoin via email - Free, secure and decentralized (Read 619 times)
Nice concept. But the problem is, anyone here who used this site/method ? please review it here.
Bump. Anymore thoughts, would love to know if you find this service useful.
Really appreciate all feedback, will try to answer some of the questions
We have been in bitcoin field since 2014 and have been providing various bitcoin services since then. We are well known in the community include /r/bitcoin(You can do a quick search)
- Only one key is generated on our server and mailed to the reciever and that too is deleted once recepient successfully redeems the bitcoins
- The second key is generated on your browser and is sent directly via link to the recepient like this https://www.blockonomics.co/btcmail#/redeem?key1=L1aad8CEvKv7LSDFZtH3hiAbsRYJ271mMNkHUqg3uoALb7ViQVRc&bitcoin_address=1Dm4xeqrgJDHsFwg1StevSqG4Swd57EWi . Note that the private key is in the anchor part of the url is never sent to the server. So blockonomics, or only third party doesn't have anything knowledge of this.
What this means is that even if our server is hacked or service goes down, the recipient can still redeem the bitcoins without any problems. If needed the recipient can mathematically combine the two private keys himself (without any of our involvement). This is the major difference between our service and others like blockchain and coinbase
I'm assuming ad revenue. I guess we'll see once it's out of beta though. It's all automated right? You don't have to wait for someone on the other end to approve with their other half of the private key I'm assuming because that would just be a step in the wrong direction.
Does your service suggest wallets to people? If I send an email to my Grandma she'll never redeem it because she won't know how to get a wallet.
Yes the service will be supported by ad revenue. Yes, it is all automated right. You can try it out right now, there is no need for any approval.
Excellent point of suggesting wallets. Your Grandma is the exact use case we are trying to address
. We will be adding very clear instructions on how to import private key for each of the major wallets very soon.
Happy to answer anymore queries and know your feedback. Feel free to play around with our service
This could be a cool service actually, but relies an awful lot on trust.
Who are you and why should you be trusted?
Who are you and why should you be trusted?
We have been in bitcoin field since 2014 and have been providing various bitcoin services since then. We are well known in the community include /r/bitcoin(You can do a quick search)
It's great idea and the idea of using split-key address is appreciated, however i still can't trust your service since you could have both private key at your server.
Thank you . To clarify things here:- Only one key is generated on our server and mailed to the reciever and that too is deleted once recepient successfully redeems the bitcoins
- The second key is generated on your browser and is sent directly via link to the recepient like this https://www.blockonomics.co/btcmail#/redeem?key1=L1aad8CEvKv7LSDFZtH3hiAbsRYJ271mMNkHUqg3uoALb7ViQVRc&bitcoin_address=1Dm4xeqrgJDHsFwg1StevSqG4Swd57EWi . Note that the private key is in the anchor part of the url is never sent to the server. So blockonomics, or only third party doesn't have anything knowledge of this.
What this means is that even if our server is hacked or service goes down, the recipient can still redeem the bitcoins without any problems. If needed the recipient can mathematically combine the two private keys himself (without any of our involvement). This is the major difference between our service and others like blockchain and coinbase
I understand that this is distributed trust and like in multisignature wallets both parties have piece of a full key.
But it is still not fully decentralized service IMO, online wallet providers offering multisignature wallets are not advertising itself as 'decentralized'.
Another question: How can you profit from this service when you offer it completely free?
But it is still not fully decentralized service IMO, online wallet providers offering multisignature wallets are not advertising itself as 'decentralized'.
Another question: How can you profit from this service when you offer it completely free?
I'm assuming ad revenue. I guess we'll see once it's out of beta though. It's all automated right? You don't have to wait for someone on the other end to approve with their other half of the private key I'm assuming because that would just be a step in the wrong direction.
Does your service suggest wallets to people? If I send an email to my Grandma she'll never redeem it because she won't know how to get a wallet.
Yes the service will be supported by ad revenue. Yes, it is all automated right. You can try it out right now, there is no need for any approval.
Excellent point of suggesting wallets. Your Grandma is the exact use case we are trying to address
. We will be adding very clear instructions on how to import private key for each of the major wallets very soon. Happy to answer anymore queries and know your feedback. Feel free to play around with our service
This may be the latest innovation and it seems strange to me, I just want to ask how long it takes if I do bitcoin transactions via email like this, and whether there is a security system that is applied with this transaction ,,, please provide an explanation
I understand that this is distributed trust and like in multisignature wallets both parties have piece of a full key.
But it is still not fully decentralized service IMO, online wallet providers offering multisignature wallets are not advertising itself as 'decentralized'.
Another question: How can you profit from this service when you offer it completely free?
But it is still not fully decentralized service IMO, online wallet providers offering multisignature wallets are not advertising itself as 'decentralized'.
Another question: How can you profit from this service when you offer it completely free?
I'm assuming ad revenue. I guess we'll see once it's out of beta though. It's all automated right? You don't have to wait for someone on the other end to approve with their other half of the private key I'm assuming because that would just be a step in the wrong direction.
Does your service suggest wallets to people? If I send an email to my Grandma she'll never redeem it because she won't know how to get a wallet.
youre service include online wallet or not
system can work all addres or only addres is use youre service
system can work all addres or only addres is use youre service
I understand that this is distributed trust and like in multisignature wallets both parties have piece of a full key.
But it is still not fully decentralized service IMO, online wallet providers offering multisignature wallets are not advertising itself as 'decentralized'.
Another question: How can you profit from this service when you offer it completely free?
But it is still not fully decentralized service IMO, online wallet providers offering multisignature wallets are not advertising itself as 'decentralized'.
Another question: How can you profit from this service when you offer it completely free?
This could be a cool service actually, but relies an awful lot on trust.
Who are you and why should you be trusted?
Who are you and why should you be trusted?
This is a good innovation and technological advancement on bitcoin but can you try to answer the following questions :
Why should i use the email to btc payment instead of the natural sending method and why should i pay an extra cost for it ?
How deep can you or your service be trusted?
Why should i use the email to btc payment instead of the natural sending method and why should i pay an extra cost for it ?
How deep can you or your service be trusted?
Happy to announce alpha version of
BTCMail - Send bitcoin via email
How to use?
Very simple. Enter recipient email address, send bitcoin to generated address and then share redeem link with recipient.
Recipient gets redeem code in email which he has to enter to claim the coins.
Try it out here https://www.blockonomics.co/btcmail
Technicals
Uses split key generation for distributed trust. Basically the sender and blockonomics have only part of the private key but can generate the public bitcoin address.
Receiver has both parts of the private key and can claim the bitcoins.
More technicals/faq here
Love to hear feedback/thoughts on improving the service
BTCMail - Send bitcoin via email
How to use?
Very simple. Enter recipient email address, send bitcoin to generated address and then share redeem link with recipient.
Recipient gets redeem code in email which he has to enter to claim the coins.
Try it out here https://www.blockonomics.co/btcmail
Technicals
Uses split key generation for distributed trust. Basically the sender and blockonomics have only part of the private key but can generate the public bitcoin address.
Receiver has both parts of the private key and can claim the bitcoins.
More technicals/faq here
Love to hear feedback/thoughts on improving the service
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