Topic: Coinsigner decentralized exchange crowd funding campaign and shedding some light (Read 9598 times)
May 09, 2014, 10:15:11 PM
In china,coinfinder will test it's p2p system recently .
April 28, 2014, 08:23:39 AM
I'd agree that patent for using multisig is indeed preposterous.
April 28, 2014, 05:42:32 AM
Hi, mmeijeri, have you done anything on this area? any relevant info?
Lots of multisig activity right now. Several groups are working on multisig auctions / ebay clones. Bitrated.com facilitates third party escrow. Virtual-notary.org layers its services on top of the blockchain. Several people have suggested layering distributed storage protocols on top of the blockchain in a way that allows you to store large amounts of data for a fee without bloating the blockchain, while still securing the stored data.
April 28, 2014, 04:05:09 AM
They've filed for a preposterous (because trivial) patent on this. Multisig escrow isn't new, and keeping a timestamped log of evidence isn't either, and there are far better distributed logs than the centralised one proposed by Coinsigner, such as virtual-notary.org and lots of others. I'm in favour of doing something like this, in fact I've proposed it myself, but as a distributed service, possibly a new protocol layered on top of Bitcoin.
I call on everybody to boycot this site. Trivial patents like this are essentially a land grab, or theft of other people's potential productivity. It's disgusting.
I call on everybody to boycot this site. Trivial patents like this are essentially a land grab, or theft of other people's potential productivity. It's disgusting.
Hi, mmeijeri, have you done anything on this area? any relevant info?
March 24, 2014, 07:36:25 AM
They've filed for a preposterous (because trivial) patent on this. Multisig escrow isn't new, and keeping a timestamped log of evidence isn't either, and there are far better distributed logs than the centralised one proposed by Coinsigner, such as virtual-notary.org and lots of others. I'm in favour of doing something like this, in fact I've proposed it myself, but as a distributed service, possibly a new protocol layered on top of Bitcoin.
I call on everybody to boycot this site. Trivial patents like this are essentially a land grab, or theft of other people's potential productivity. It's disgusting.
I call on everybody to boycot this site. Trivial patents like this are essentially a land grab, or theft of other people's potential productivity. It's disgusting.
December 28, 2013, 07:16:20 AM
I pledged 1btc
October 13, 2013, 09:21:19 AM
If you're honest I don't mean to insult the project. These are good ideas and the virtual jury idea is an idea I've been thinking about myself as the solution to coin taint and a lot of other problems.
Please correct the math or show your work. Then I'll contribute.
Please correct the math or show your work. Then I'll contribute.
October 13, 2013, 09:17:58 AM
Crowdfunding page: https://bitcoinstarter.com/projects/202
See video overview here: http://www.youtube.com/watch?v=wtcT_2xJtYQ
Coinsigner is scalable application that employs paid mediators to act as third parties in multi-signature transactions. What is unique and novel about this idea is that massive numbers of bitcoin trades can be facilitated, privately, without limit and safely using multi signature transactions. The other unique property abut the application is that there is a collusion resistant system build into the platform. This application builds on top of multi-signature transactions to make it fool proof from possible negative characteristics of human nature.
I am also working on a plan to develop and market integrable coinsigner branded POS systems for local businesses with high traffic in nyc. There are two benefits to this strategy. The first benefit is to the bitcoin ecosystem in general. The more stores that accept bitcoin will result in more people using bitcoin. The second benefit is for coinsigner. The business will consider coinsigner as an exchange venue considering the effect of the very prominent cosigner branding.
See video overview here: http://www.youtube.com/watch?v=wtcT_2xJtYQ
Coinsigner is scalable application that employs paid mediators to act as third parties in multi-signature transactions. What is unique and novel about this idea is that massive numbers of bitcoin trades can be facilitated, privately, without limit and safely using multi signature transactions. The other unique property abut the application is that there is a collusion resistant system build into the platform. This application builds on top of multi-signature transactions to make it fool proof from possible negative characteristics of human nature.
I am also working on a plan to develop and market integrable coinsigner branded POS systems for local businesses with high traffic in nyc. There are two benefits to this strategy. The first benefit is to the bitcoin ecosystem in general. The more stores that accept bitcoin will result in more people using bitcoin. The second benefit is for coinsigner. The business will consider coinsigner as an exchange venue considering the effect of the very prominent cosigner branding.
Quote
Basically I paid about 1.5 bitcoins for ~153 mastercoins
today 1 mastercoin = 1 bitcoin (and project is not even complete yet) according to sources: https://bitcointalk.org/index.php?topic=265488.720 . This is an immediate 100x profit for me. I can sell these mastercoins today and get 150 bitcoin= $15,000.
Once the project is complete, which is estimated to be done by the end of this year 2013
1 mastercoin could be worth multiple number of bitcoins. This is because the bitcoin market potential is only the total global transactional market which is ~$60 trillion see this source: http://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1...
Mastercoin on the other hand is projected to be worth 100's of trillions because you can represent every commodity and currency . And once the project is complete and value starts tricking in, the price of mastercoins will most likely skyrocket. Owning 0.1 mastercoins could be the equivalent of owning 100,000 bitcoins. My advise get them and hold onto them by keeping your bitcoin public and private key secure.
- See more at: https://bitcoinstarter.com/projects/202#sthash.Q2Zq3mf2.dpuf
today 1 mastercoin = 1 bitcoin (and project is not even complete yet) according to sources: https://bitcointalk.org/index.php?topic=265488.720 . This is an immediate 100x profit for me. I can sell these mastercoins today and get 150 bitcoin= $15,000.
Once the project is complete, which is estimated to be done by the end of this year 2013
1 mastercoin could be worth multiple number of bitcoins. This is because the bitcoin market potential is only the total global transactional market which is ~$60 trillion see this source: http://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1...
Mastercoin on the other hand is projected to be worth 100's of trillions because you can represent every commodity and currency . And once the project is complete and value starts tricking in, the price of mastercoins will most likely skyrocket. Owning 0.1 mastercoins could be the equivalent of owning 100,000 bitcoins. My advise get them and hold onto them by keeping your bitcoin public and private key secure.
- See more at: https://bitcoinstarter.com/projects/202#sthash.Q2Zq3mf2.dpuf
I was going to donate but then I looked at your numbers and your math is way way off.
Mastercoins are not 1:1 with Bitcoins. Mastercoins are 0.02-0.038 Bitcoins. I agree with you that it will eventually likely be 1:1 with Bitcoins but it isn't right now.
Also the idea that a single Mastercoin could be worth 100,000 Bitcoins? That is complete nonsense. I can believe it will be worth 1-2 Bitcoins at best but with competition from colored coins and the like it will never get much higher than that. 100,000 Bitcoins per Mastercoin is just bogus math and you can quote me on this a year from now.
1:1 on the other hand works out about right. I actually think a Mastercoin is probably worth a few Bitcoins. Just try to be realistic with the math because if you were I'd have dropped some Bitcoin into your project but because you weren't now I'm thinking it's a scam like Labcoin.
October 13, 2013, 07:32:06 AM
In the UK I believe you can ask your bank account manager for confirmation codes after you do a transfer. For example you can use this tool to find your local branch code: http://www.mobilefish.com/services/bic_swift/bic_swift.php. This information together with a local branch manager that each trader can confirm exist prior to the contract, is one of the solution's to the problem.
A bank is not going to give any account or transfer details to anyone except their own customer.
Contact them all you want, you won't get any information.
Yes but a bank, will let a third party confirm and listen in on a session as long as a customer gives permission. I know because this fact was verified by several banks I called and asked.
Hi Ola, I really like what you are doing here. More on this issue. If the Btc Seller initiates a call to a bank to confirm a wire then you have the issue of "Is the seller calling the bank or his friend impersonating a bank."
If the mediator calls the public ally known number of the bank, then you have the issue of the mediator being on the phone as seller verifies his identity. How do you plan to get around this issue?
September 28, 2013, 04:16:15 PM
A friend working with a trust is looking to buy a large amount of bitcoins. If you are interested I could make the introductions to get you guys going. Below is the email sent to me:
"Having said that we are currently looking for trading partners for bitcoin should you have any bitcoin that you would like to offer. We are currently in the market for anywhere between 1500-3000 coins for immediate purchase starting tomorrow. Please let me know if you would like to discuss, thanks Ola, hope all is well."
Its a shame http://www.coinsigner.com is not ready yet, please support the project is you think it is beneficial Thank you...Otherwise Let me know if you are interested in the deal referenced in the above email. Serious traders only...
"Having said that we are currently looking for trading partners for bitcoin should you have any bitcoin that you would like to offer. We are currently in the market for anywhere between 1500-3000 coins for immediate purchase starting tomorrow. Please let me know if you would like to discuss, thanks Ola, hope all is well."
Its a shame http://www.coinsigner.com is not ready yet, please support the project is you think it is beneficial Thank you...Otherwise Let me know if you are interested in the deal referenced in the above email. Serious traders only...
September 28, 2013, 03:03:10 PM
Our funding is currently at 9.42 BTC. If you think this project is helpful, get us funded at https://bitcoinstarter.com/projects/202
Slowly but surely ....
September 28, 2013, 06:17:54 AM
Our funding is currently at 9.42 BTC. If you think this project is helpful, get us funded at https://bitcoinstarter.com/projects/202
September 25, 2013, 06:02:34 PM
In the UK I believe you can ask your bank account manager for confirmation codes after you do a transfer. For example you can use this tool to find your local branch code: http://www.mobilefish.com/services/bic_swift/bic_swift.php. This information together with a local branch manager that each trader can confirm exist prior to the contract, is one of the solution's to the problem.
A bank is not going to give any account or transfer details to anyone except their own customer.
Contact them all you want, you won't get any information.
Yes but a bank, will let a third party confirm and listen in on a session as long as a customer gives permission. I know because this fact was verified by several banks I called and asked.
Thanks for this information it is all helpful!
You are very welcome please ask any other questions you may have.
September 23, 2013, 05:09:56 PM
Thanks for this information it is all helpful!
September 23, 2013, 09:51:38 AM
In the UK I believe you can ask your bank account manager for confirmation codes after you do a transfer. For example you can use this tool to find your local branch code: http://www.mobilefish.com/services/bic_swift/bic_swift.php. This information together with a local branch manager that each trader can confirm exist prior to the contract, is one of the solution's to the problem.
A bank is not going to give any account or transfer details to anyone except their own customer.
Contact them all you want, you won't get any information.
September 23, 2013, 09:46:51 AM
OP, your signup page is not working : http://www.coinsigner.com/build/pages/dashboard/dashboard.html
Quote
Not Found
The requested URL /build/pages/dashboard/dashboard.html was not found on this server.
Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request.
Apache Server at www.coinsigner.com Port 80
The requested URL /build/pages/dashboard/dashboard.html was not found on this server.
Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request.
Apache Server at www.coinsigner.com Port 80
It was taken offline because I still working on the dashboard. I will update the post when its available for you to test
great, please update us later.
September 22, 2013, 08:43:24 PM
OP, your signup page is not working : http://www.coinsigner.com/build/pages/dashboard/dashboard.html
Quote
Not Found
The requested URL /build/pages/dashboard/dashboard.html was not found on this server.
Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request.
Apache Server at www.coinsigner.com Port 80
The requested URL /build/pages/dashboard/dashboard.html was not found on this server.
Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request.
Apache Server at www.coinsigner.com Port 80
It was taken offline because I still working on the dashboard. I will update the post when its available for you to test
September 22, 2013, 08:25:00 PM
OP, your signup page is not working : http://www.coinsigner.com/build/pages/dashboard/dashboard.html
Quote
Not Found
The requested URL /build/pages/dashboard/dashboard.html was not found on this server.
Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request.
Apache Server at www.coinsigner.com Port 80
The requested URL /build/pages/dashboard/dashboard.html was not found on this server.
Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request.
Apache Server at www.coinsigner.com Port 80
September 22, 2013, 08:22:11 PM
Thanks for the reply. Sorry about the snarky comment, I have a developed a bit of patent-hate 
But I do understand your reasoning.
Where I am based - UK & Europe, when I do a bank transfer (SEPA or UKFPS) I do not receive a code or any kind of information I could give to a third party, who could independently verify that I did in fact make a payment. The only way would be for the third party to be given access to my online bank account.
So although the payment methods are pretty much non-reversible they are entirely non-verifiable by any third party apart from employees of the banks concerned.
But I do understand your reasoning.Where I am based - UK & Europe, when I do a bank transfer (SEPA or UKFPS) I do not receive a code or any kind of information I could give to a third party, who could independently verify that I did in fact make a payment. The only way would be for the third party to be given access to my online bank account.
So although the payment methods are pretty much non-reversible they are entirely non-verifiable by any third party apart from employees of the banks concerned.
In Malaysia, when we do a bank transfer, we can specify the telephone number and email of the funds recipient. This is useful so that the person receiving funds will receive some sort of validation from the bank itself.
It surprises me that bank transfers in UK & Europe don't have this feature.
September 22, 2013, 07:45:42 PM
Thanks for the reply. Sorry about the snarky comment, I have a developed a bit of patent-hate But I do understand your reasoning.
Where I am based - UK & Europe, when I do a bank transfer (SEPA or UKFPS) I do not receive a code or any kind of information I could give to a third party, who could independently verify that I did in fact make a payment. The only way would be for the third party to be given access to my online bank account.
So although the payment methods are pretty much non-reversible they are entirely non-verifiable by any third party apart from employees of the banks concerned.
But I do understand your reasoning.Where I am based - UK & Europe, when I do a bank transfer (SEPA or UKFPS) I do not receive a code or any kind of information I could give to a third party, who could independently verify that I did in fact make a payment. The only way would be for the third party to be given access to my online bank account.
So although the payment methods are pretty much non-reversible they are entirely non-verifiable by any third party apart from employees of the banks concerned.
Its ok, at least you are very objective. Also there is nothing wrong about standing for an ideal. I happen to believe in the same Ideal. I just thought that I could gain middle ground by using IP to protect the future of coinsigner. But there is an error in this strategy because for any number of reasons the IP could end up in the wrong hands and what was intended for good would become adulterated.
In the UK I believe you can ask your bank account manager for confirmation codes after you do a transfer. For example you can use this tool to find your local branch code: http://www.mobilefish.com/services/bic_swift/bic_swift.php. This information together with a local branch manager that each trader can confirm exist prior to the contract, is one of the solution's to the problem.
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