And this just makes things harder for email users to get their accounts secured knowing that it literally is an added vector of attack for those who want to do nefarious things. It's great that using tools such as email can be a medium/vehicle for transferring cryptocurrencies though those people who do no understand how to secure their account properly is at huge risk. Not that I'm underestimating these same people but you know, this just makes things easier for hackers to steal some funds.
Yeah, that's very unfortunate. I think that this technology calls for more information about making sure that one's email is safe. I, for one, am not sure enough about the measures I take, so I would not use email to send BTC. And to be honest, I don't understand what this technology actually allows and how it allows doing it. Like, would it help to solve the issues with the network being too busy? What's the practical application of this thing? From what I've read, it seems that email is just a medium, and it's crypto wallets that store the money. But how does the transaction happen in this case? 
Topic: Coinbase CEO Brian Armstrong granted patent for sending BTC thru email - page 2. (Read 361 times)
December 20, 2019, 11:08:53 AM
December 20, 2019, 11:01:14 AM
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=10,510,053&OS=10,510,053&RS=10,510,053
I'm sure that Brian will take advantage of his ivtention with his Coinbase here. And it's going to be interesting if other exchanges will use his patent on their side as well, so let's see how it goes.
Quote
Send cryptographic currency to email address
A system and method for transaction bitcoin is described. Bitcoin can be sent to an email address. No miner's fee is paid by a host computer system. Hot wallet functionality is provided that transfers values of some Bitcoin addresses to a vault for purposes of security. A private key of a Bitcoin address of the vault is split and distributed to keep the vault secure. Instant exchange allows for merchants and customers to lock in a local currency price. A vault has multiple email addresses to authorize a transfer of bitcoin out of the vault. User can opt to have private keys stored in locations that are under their control. A tip button rewards content creators for their efforts. A bitcoin exchange allows for users to set prices that they are willing to sell or buy bitcoin and execute such trades.
Abstract
A system and method for transaction bitcoin is described. Bitcoin can be sent to an email address. No miner's fee is paid by a host computer system. Hot wallet functionality is provided that transfers values of some Bitcoin addresses to a vault for purposes of security. A private key of a Bitcoin address of the vault is split and distributed to keep the vault secure. Instant exchange allows for merchants and customers to lock in a local currency price. A vault has multiple email addresses to authorize a transfer of bitcoin out of the vault. User can opt to have private keys stored in locations that are under their control. A tip button rewards content creators for their efforts. A bitcoin exchange allows for users to set prices that they are willing to sell or buy bitcoin and execute such trades.
I'm sure that Brian will take advantage of his ivtention with his Coinbase here. And it's going to be interesting if other exchanges will use his patent on their side as well, so let's see how it goes.
Of course he will take an advantage. He is an entrepreneur and by default a capitalist so he would take advantage even if he might just contribute a quota of the development or maybe didn't contribute at all and just happen to be the one who have the understanding to patent its as fast as possible (just saying though). I would actually want to know how you receive bitcoin via mail without a wallet other than the notification of inflow that one gets when you register on web based wallet services providers.
December 20, 2019, 10:38:56 AM
sorry correction if I am wrong in opinion, it looks like sending bitcoin or altcoin on the exchange has been implemented, where all users and traders can send their funds or make transfers to other users as long as it's in the same exchange, what's interesting and great about this, if One day, fellow coinbase users do bitcoin transactions using email, I think it is not a difficult job because they have funds deposited in the same wallet, to be exact a coinbase cold wallet, except to transfer bitcoin to an email address that is not a coinbase user maybe it will cool, even though I don't have a coinbase account but there are people who send bitcoin to my email, of course I have to register a coinbase account to claim bitcoin, hopefully I am wrong
Yes. We can already do that inside the exchange and probably just link the email addresses as alias to send the BTC with out fee. I'm not sure how it works but that has been done long time ago without having patent. They would have to become a big network for all crypto users to be able to do that to cheat the miners.
December 20, 2019, 10:38:21 AM
If he can get this to work, it could simplify Bitcoin transfers for people. I assume the transaction is complicated behind the scenes but to the user it could seem simple.
Blockchain transactions are quite simplified and one does not need high tech knowledge to be able to initiate a transaction. The important factor is the security that comes with transactions from a private wallet. Email services are prone to privacy leaks and even the service providers are guilty of collecting data on their users. I wouldn't have advise anyone to transaction directly through email.
December 20, 2019, 10:17:44 AM
If it's as fast as sending an email, that's awesome news.
yes, and awesome news for LN node operators thats for sure
December 20, 2019, 09:23:35 AM
If he can get this to work, it could simplify Bitcoin transfers for people. I assume the transaction is complicated behind the scenes but to the user it could seem simple.
December 20, 2019, 09:16:42 AM
And this just makes things harder for email users to get their accounts secured knowing that it literally is an added vector of attack for those who want to do nefarious things. It's great that using tools such as email can be a medium/vehicle for transferring cryptocurrencies though those people who do no understand how to secure their account properly is at huge risk. Not that I'm underestimating these same people but you know, this just makes things easier for hackers to steal some funds.
December 20, 2019, 07:28:46 AM
sorry correction if I am wrong in opinion, it looks like sending bitcoin or altcoin on the exchange has been implemented, where all users and traders can send their funds or make transfers to other users as long as it's in the same exchange, what's interesting and great about this, if One day, fellow coinbase users do bitcoin transactions using email, I think it is not a difficult job because they have funds deposited in the same wallet, to be exact a coinbase cold wallet, except to transfer bitcoin to an email address that is not a coinbase user maybe it will cool, even though I don't have a coinbase account but there are people who send bitcoin to my email, of course I have to register a coinbase account to claim bitcoin, hopefully I am wrong
December 20, 2019, 07:05:37 AM
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=10,510,053&OS=10,510,053&RS=10,510,053
I'm sure that Brian will take advantage of his ivtention with his Coinbase here. And it's going to be interesting if other exchanges will use his patent on their side as well, so let's see how it goes.
Quote
Send cryptographic currency to email address
A system and method for transaction bitcoin is described. Bitcoin can be sent to an email address. No miner's fee is paid by a host computer system. Hot wallet functionality is provided that transfers values of some Bitcoin addresses to a vault for purposes of security. A private key of a Bitcoin address of the vault is split and distributed to keep the vault secure. Instant exchange allows for merchants and customers to lock in a local currency price. A vault has multiple email addresses to authorize a transfer of bitcoin out of the vault. User can opt to have private keys stored in locations that are under their control. A tip button rewards content creators for their efforts. A bitcoin exchange allows for users to set prices that they are willing to sell or buy bitcoin and execute such trades.
Abstract
A system and method for transaction bitcoin is described. Bitcoin can be sent to an email address. No miner's fee is paid by a host computer system. Hot wallet functionality is provided that transfers values of some Bitcoin addresses to a vault for purposes of security. A private key of a Bitcoin address of the vault is split and distributed to keep the vault secure. Instant exchange allows for merchants and customers to lock in a local currency price. A vault has multiple email addresses to authorize a transfer of bitcoin out of the vault. User can opt to have private keys stored in locations that are under their control. A tip button rewards content creators for their efforts. A bitcoin exchange allows for users to set prices that they are willing to sell or buy bitcoin and execute such trades.
I'm sure that Brian will take advantage of his ivtention with his Coinbase here. And it's going to be interesting if other exchanges will use his patent on their side as well, so let's see how it goes.
Jump to: