Topic: My Interview with CEO of Frozenb.it, Multsignature Bitcoin Wallet (Read 1946 times)

Mutilsignature addresses are going to be essential for businesses that deal with bitcoin. It would stop people from running off with your coin.. its a no brainer.

Updated the link to their website!

0.1 BTC sent!

 I just set up a onename.io page, -redacted-

 Our address is 15yqW7NaGUbq1B3WZ6Th1m1XNaMaiSzHar

 Thank you.

 -Cole

Looks like this is going to be serious wallet competitor on market...
Hope you'll find a proper way to be sustainable.

BTW: do you have a public donation address?

 Mid July or sooner. Citing, things take time. We've built things from scratch. Were also not just copying things together and releasing. Our goal is to release something people will use.

 It's in the best interest of general adoption if we could simplify the whole multisig stigma but stay the course of its idea. We feel what were doing will fully fulfil that.

Wow looks really good
when is the project coming out?

Is this a sort of freemium business model type strategy where you offer the product free to as many users as possible and then figure out later how best to monetize it? Or do you intend to keep the project non-profit?

I don't think there is anything wrong at all with eventually wanting to profit off of your work for what it's worth. I'm just curious.

 You know we've never been for profit. Our main goal right now is to release something that people want. We've been grinding away at code, and reading papers all over the place. We've noticed something over that time, people want something in particular and we're going to try to provide that. To be detailed that thing is opensource, multisignature and things you control. Those are the best things, and we actively agree. Just know things like that take time to get right and secure.

 Stay updated for an announcement on this thursday. And a video that will be attached to it

 - Calvin, CEO FrozenBit

Are they for profit? If so, how are they making money?

Excited for the release! Can't wait to see how everything works out for FrozenBit

Watching this one.

/reserved for video

 Thanks for your question, and nice job on apicoin! The project is run by Calvin, he's a great guy who's worked to actually build a system, and incorporate multisignature addresses (Open Source). He's also work to establish offices in CA and an awareness for multisignature addresses. If it makes you feel any better send him me, or any member of the team an email.

EDIT: Thanks for the time gweedo! I appreciated the swift and prompt email.


 Some features that can be trustlessly proven to protect users are:

• 2 FA
• User generated Encrypted Wallets, (Generated in browser)[TSL]
• Multisignature Wallets
• RWES(To be rolled out)
• P2SH
• BIP 71

 Seeing as you're a developer , I'm sure calvin would even be willing to show you some of the detailed code in the project as It's planned to be open source. We'd love to see what we can do to incorporate frozenbit even further especially in other game changing projects such as yours.


 

 Thanks everyone, as a message from everyone on the frozenbit team we'd like everyone to stay tuned for more announcements and technical details. I'm sure you'll love to hear all the exciting features we are incorporating into the platform. Shhhh. Don't tell anyone I'm leaking this but you control your OWN KEYS!

 If you'd like to get in contact with us, do so at twitter or facebook.

 Twitter: @frozenbitio

 Website: Frozenbit.io




 For media or press relations please contact calvin directly at [email protected]



EDIT: Stay tuned for an exciting video detailing the multisignature wallet.

Frozenbit: Multisig Security Meets Simplicity; http://frozenb.it

     https://i.imgur.com/GnmVzFG.png

    Bitcoins biggest concern has always been whether or not major national exchanges, million dollar investment partnerships, common gambling website's or even an everyday guy's coins are truly safe? So let's ask that. Are my Bitcoins (BTC) truly 100% safe and for myself and myself only to control as I please? What if my private key is stolen do I lose all my bitcoins? Could there be a way to truly be safe, could there even be a way forcompletely anonymous people to hold coins together trustlessly? There is, and it's called multisignature (addresses).

 Multisignature protocol caught my eye when gox failed. As someone who lost about every bitcoin they had in gox it intrigued me.
I asked myself how so few people know about something so innovatively simple and built into bitcoins protocol. Multisig is the perfect marriage for bitcoin and security.
Instead of one key, there are essentially 3 keys (or more) attributed to bitcoin address. It requires 2 of 3 private keys to-agree-to spend funds, that means you could hold all 3 for added security or have an address where you and your friends each have a key. I decided to look deeper into multisignature addresses and a name kept popping up, Calvin over at frozenb.it.



 Considering Calvin, frozenbits CEO was someone who is on the frontline of bitcoin innovation I wanted to get his input on things surrounding this mysterious new feature people are just now talking about. I asked him to go on the record talking about his service, multisig in general and what he difference really is. He agreed.

 CHRIS- "So Calvin thanks for agreeing for the interview, I'm quite inspired by a few of the related emails you sent me and thanks for the time explaining the concept of multisig."
CALVIN- "We'll thanks for having me do the interview, It's been quite the journey. Seeing someone begin interest in multisig and what we're trying to do is a sign frozenbits development is justified."

CHRIS- "I wanted to start off with something other than multisig. In regards to apple, how do you take this news?"
CALVIN- "Apple is creative, solid business plan and I think this is a calculated move they've been waiting for. I don't think I'd be far off from saying it both attracts a desirable demographic 18-25 years of age back into apple. It may also play into their new tone of "we're still cool and we like cool things." Like bicoin!
CHRIS- Insightful, Didn't think of that.

CHRIS- "I seen a tweet the other day from you to armory. They released their own multisig feature called lockboxes I believe. Seeing you congratulate them was an interesting move."
CALVIN- " I love armory, I personally use their wallet for cold storage. Nothing beats being in control of your own coins. This inspired me to strive to leave the customer in charge of their coins when designing frozenbits underlying protocol. So that tweet was out of genuine love for their service, and philosophy. Seeing them dive into multisig was wonderful, knowing that people are seeing advances and Armory out of all services is embracing is forthright."

CHRIS- "There is so many different services out there, what makes frozenbit so special."
CALVIN- "Lets forget about the multisignature difference for a minute, because I believe so many others are going to embrace it soon. Frozenbit is, and will always will be a company that learns from all those before it. We know people want to be in control of their coins, we know people want privacy, we know people don't want another mark managing a system where their coins could be at risk.
I can assure you and any hearing about us for the first time or a long time follower that this is not the case. We have a dedicated team who works long nights, to get this to market as fast a possible. Great relations with bitcoin users, enthusiasts and even just the code behind it.
CHRIS- "Nice outlook, what about features, bonuses and such?"
CALVIN- "Frozenbit is the goodie bad of features. We pulled out all the stops to dedicate ourselves to living bitcoin. We use the same encryption techniques the military does, we store coins and wallets offline and we assign a cryptographic footprint to every account to sign their transactions when spending funds. Now our greatest feature is out strive to go mobile, very few wallets are.
I can assure you this will be the easiest bitcoin platform you've ever used, simplicity, accessibility and security all in one platform. And friends, lets not forget about referring your friends and reaping rewards! We want everyone to be as protected as our users so we are PAYING out bonuses when you refer a user!"

CHRIS- "Now, there isn't that much about you out there when I was researching into your developments."
CALVIN- "Well I'm attending Stanford university, I'm pursuing a masters in computer science and an MBA in risk management. Two things that make me keen and intrigued by bitcoin as a monetary system and it's underlying code. We're based in Palo alto, CA (Come visit us sometime, the coffee is on me) and there are 3 people working with me on this. We're a 100% self funded start-up, not one investor dollar is in this company we only answer to the people who love bitcoin and those who use our service.

CHRIS- "I may take you up on the coffee. Thanks for the interview, I think that about sums up everything I wanted to personally ask you!"
CALVIN- "Hey it's no problem. Like I said earlier thanks for doing this, bitcoin holds a lot of things that truly make it unique. I'm only one of the people unlocking those features and giving them to everyone equally."

https://i.imgur.com/m6Qn4Ud.png

 After that interview that we did on the June 1st, It struck me so many things are overlooked. Multisignature seems to be the future, and if Calvin is the one to bring it to the light so be it. He definitely is the opposite of karpeles, open, intriguing and can explain something that when I first looked at it I gave up. Funny as though frozenbit solves that dilemma in the best way, remove the technical focus on interface, beauty and serenity of the service. Frozenbit may be the answer bitcoin users have been looking for the introduce multisig to business and enthusiasts alike. After the interview he informed me if anyone had any questions you can address to his twitter @frozenbitio, and he recommends visiting the website http://frozenb.it for updates. They'll be releasing a video further explaining features, promises and innovations they plan on keeping.

https://i.imgur.com/Xcn135G.png