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Topic: BlockTrail.com Wallet - What do you think about it ? - page 2. (Read 2769 times)

hero member
Activity: 938
Merit: 1000
For the UI is very good, simple and easy. But i have the problem when i forget my pin.
i can't recover my pin, since there is no button to reset my pin. I think you sholud add advance setting button to reset pin and password.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
Since there is no private key I wouldn't move to blocktrail, i see that their overall platform is great.
When blockchain is down i check there the transaction if confirmed or not etc..
If you haven't seen online to sign a message then you can do through coinbase.
Blocktrail uses 2 of 3 multisig method. They control one of the key while you control two of the key. Limits can be set and it would be impossible to bypass that limit without the 2 of your keys. I don't know the technical details about signing a multisig address but it would undoubtedly be harder than standard 1 address used by coinbase.
We know how easy is just 1 address in coinbase, to sign a message there is simply.
But we should analyze the worst case what if their website goes down.
Is there any way to recover and get back our btc? Yes or No?
It is pretty standard that most exchanges or online wallet which uses a cold storage wouldn't allow the customer for their private key. Since they are backed, they can probably cover your coins if they get hacked. By giving you control over your coins in standard addresses, you will be fully responsible for your Bitcoin.
legendary
Activity: 1492
Merit: 1021
You have two of the keys, therefore, access to your BTC  Wink

I know but they don't give you that aswell lol , Only adresses are generated and nothing else . there is no way to get the private keys

Currently, the way to do this is using a PHP script that's available as part of our SDK for developers: https://github.com/blocktrail/blocktrail-sdk-php/blob/master/examples/wallet_recovery_example.php

The way the wallet has been built it shouldn't require more than a few days to also release a desktop version (the hardest part will be packaging so it can be installed easily etc). That desktop version will contain an easy way to use your backup sheet to get your bitcoins out of the wallet (we'll probably code in insight and another alternative API for it).

I also assume in case of major problems with Blocktrail that there will be some developer in the community who would create a small website that can help ppl get their BTC out, so far the community has proven itself rather helpful when others are in dire straits.


Oh it dosen't sounds so hard I assume even if I don't have any programming knowledge on PHP . too bad .NET is not that much worked on and updated .. it's 10 months old otherwise I would work on it .

We invite you to work on it if you have some extra time!   Cheesy
staff
Activity: 3500
Merit: 6152
You have two of the keys, therefore, access to your BTC  Wink

I know but they don't give you that aswell lol , Only adresses are generated and nothing else . there is no way to get the private keys

Currently, the way to do this is using a PHP script that's available as part of our SDK for developers: https://github.com/blocktrail/blocktrail-sdk-php/blob/master/examples/wallet_recovery_example.php

The way the wallet has been built it shouldn't require more than a few days to also release a desktop version (the hardest part will be packaging so it can be installed easily etc). That desktop version will contain an easy way to use your backup sheet to get your bitcoins out of the wallet (we'll probably code in insight and another alternative API for it).

I also assume in case of major problems with Blocktrail that there will be some developer in the community who would create a small website that can help ppl get their BTC out, so far the community has proven itself rather helpful when others are in dire straits.


Oh it dosen't sounds so hard I assume even if I don't have any programming knowledge on PHP . too bad .NET is not that much worked on and updated .. it's 10 months old otherwise I would work on it .
legendary
Activity: 1470
Merit: 1002
Since there is no private key I wouldn't move to blocktrail, i see that their overall platform is great.
When blockchain is down i check there the transaction if confirmed or not etc..
If you haven't seen online to sign a message then you can do through coinbase.
Blocktrail uses 2 of 3 multisig method. They control one of the key while you control two of the key. Limits can be set and it would be impossible to bypass that limit without the 2 of your keys. I don't know the technical details about signing a multisig address but it would undoubtedly be harder than standard 1 address used by coinbase.
We know how easy is just 1 address in coinbase, to sign a message there is simply.
But we should analyze the worst case what if their website goes down.
Is there any way to recover and get back our btc? Yes or No?
legendary
Activity: 1492
Merit: 1021
You have two of the keys, therefore, access to your BTC  Wink

I know but they don't give you that aswell lol , Only adresses are generated and nothing else . there is no way to get the private keys

Currently, the way to do this is using a PHP script that's available as part of our SDK for developers: https://github.com/blocktrail/blocktrail-sdk-php/blob/master/examples/wallet_recovery_example.php

The way the wallet has been built it shouldn't require more than a few days to also release a desktop version (the hardest part will be packaging so it can be installed easily etc). That desktop version will contain an easy way to use your backup sheet to get your bitcoins out of the wallet (we'll probably code in insight and another alternative API for it).

I also assume in case of major problems with Blocktrail that there will be some developer in the community who would create a small website that can help ppl get their BTC out, so far the community has proven itself rather helpful when others are in dire straits.
legendary
Activity: 1764
Merit: 1000
I really like their design and setup, however, ninkip2p offers a better way to create your wallet and, more importantly, to resurrect it.

for now, I'll stick with ninki, but I keep an eye on blocktrail
staff
Activity: 3500
Merit: 6152
You have two of the keys, therefore, access to your BTC  Wink

I know but they don't give you that aswell lol , Only adresses are generated and nothing else . there is no way to get the private keys
member
Activity: 69
Merit: 10
Android app features :
Code:
- 2-of-3 Multisig technology so you always remain in control of your coins
- HD wallet technology allowing you to create an unlimited number of addresses
- Send and Receive bitcoin easily with contacts on your phone
- Live update for new transactions and your balance
- View your full transaction history with the price at the time of the transaction
- Personalise your account so your friends can quickly identify you
- QR code scanning with bitcoin URI support
- Send requests via email and SMS
- PIN protection
- Anonymous accounts, for your privacy
- Transactions signed locally on your device
- Backup document incase the worst happens
- Local currency display using live price updates

Not sure if i will ever use it though.
full member
Activity: 140
Merit: 100
You have two of the keys, therefore, access to your BTC  Wink
staff
Activity: 3500
Merit: 6152
Since there is no private key I wouldn't move to blocktrail, i see that their overall platform is great.
When blockchain is down i check there the transaction if confirmed or not etc..
If you haven't seen online to sign a message then you can do through coinbase.
Blocktrail uses 2 of 3 multisig method. They control one of the key while you control two of the key. Limits can be set and it would be impossible to bypass that limit without the 2 of your keys. I don't know the technical details about signing a multisig address but it would undoubtedly be harder than standard 1 address used by coinbase.

You just said it yourself, we have 2 of the keys. Therefore having the overhand and the control of your BTC.

But I don't understand how we are supposed to recover our wallets if BlockTrail goes down for any reason without the need of programming language knowledge ? since If I understood right they are asking on the PDF file to use their SDK .

Retrieve private keys on another wallet. Simple.


I'am missing something here ? How I'am supposed to do that if they don't allow exporting private keys , it's multi signature wallet Shocked
full member
Activity: 140
Merit: 100
Since there is no private key I wouldn't move to blocktrail, i see that their overall platform is great.
When blockchain is down i check there the transaction if confirmed or not etc..
If you haven't seen online to sign a message then you can do through coinbase.
Blocktrail uses 2 of 3 multisig method. They control one of the key while you control two of the key. Limits can be set and it would be impossible to bypass that limit without the 2 of your keys. I don't know the technical details about signing a multisig address but it would undoubtedly be harder than standard 1 address used by coinbase.

You just said it yourself, we have 2 of the keys. Therefore having the overhand and the control of your BTC.

But I don't understand how we are supposed to recover our wallets if BlockTrail goes down for any reason without the need of programming language knowledge ? since If I understood right they are asking on the PDF file to use their SDK .

Retrieve private keys on another wallet. Simple.
staff
Activity: 3500
Merit: 6152
Since there is no private key I wouldn't move to blocktrail, i see that their overall platform is great.
When blockchain is down i check there the transaction if confirmed or not etc..
If you haven't seen online to sign a message then you can do through coinbase.
Blocktrail uses 2 of 3 multisig method. They control one of the key while you control two of the key. Limits can be set and it would be impossible to bypass that limit without the 2 of your keys. I don't know the technical details about signing a multisig address but it would undoubtedly be harder than standard 1 address used by coinbase.

You just said it yourself, we have 2 of the keys. Therefore having the overhand and the control of your BTC.

But I don't understand how we are supposed to recover our wallets if BlockTrail goes down for any reason without the need of programming language knowledge ? since If I understood right they are asking on the PDF file to use their SDK .
full member
Activity: 140
Merit: 100
Since there is no private key I wouldn't move to blocktrail, i see that their overall platform is great.
When blockchain is down i check there the transaction if confirmed or not etc..
If you haven't seen online to sign a message then you can do through coinbase.
Blocktrail uses 2 of 3 multisig method. They control one of the key while you control two of the key. Limits can be set and it would be impossible to bypass that limit without the 2 of your keys. I don't know the technical details about signing a multisig address but it would undoubtedly be harder than standard 1 address used by coinbase.

You just said it yourself, we have 2 of the keys. Therefore having the overhand and the control of your BTC.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
Since there is no private key I wouldn't move to blocktrail, i see that their overall platform is great.
When blockchain is down i check there the transaction if confirmed or not etc..
If you haven't seen online to sign a message then you can do through coinbase.
Blocktrail uses 2 of 3 multisig method. They control one of the key while you control two of the key. Limits can be set and it would be impossible to bypass that limit without the 2 of your keys. I don't know the technical details about signing a multisig address but it would undoubtedly be harder than standard 1 address used by coinbase.
full member
Activity: 140
Merit: 100
I don't see any reason for us to migrate to new wallets; the older online wallets are serving us just fine. No need to take the risk, IMHO.

What risk?

Since there is no private key I wouldn't move to blocktrail, i see that their overall platform is great.
When blockchain is down i check there the transaction if confirmed or not etc..
If you haven't seen online to sign a message then you can do through coinbase.

"Additionally the Blocktrail wallet is a multi-signature 2of3 wallet, 1 is your primary master key, 1 is your backup key and the 3rd is the blocktrail server key." - Blocktrail Member.
legendary
Activity: 1470
Merit: 1002
Since there is no private key I wouldn't move to blocktrail, i see that their overall platform is great.
When blockchain is down i check there the transaction if confirmed or not etc..
If you haven't seen online to sign a message then you can do through coinbase.
full member
Activity: 176
Merit: 100
I don't see any reason for us to migrate to new wallets; the older online wallets are serving us just fine. No need to take the risk, IMHO.
legendary
Activity: 1596
Merit: 1010
I'm liking it so far, but I'm not that a demanding person either Smiley

Will play around with it a bit over the weekend
sr. member
Activity: 415
Merit: 250
I also got the IOS version. I enjoy the user-friendly feel to it, which i think is great for mass adoption. I already told my friends and family and they are all using it, simple steps to a secure and reliable wallet.
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