Move coins to new key, send old key?
With my method, there are no keys exchanged at all. So apart from getting free coins, you also get anonymity as a bonus.
Topic: Notice:: PROJECT X, Come Join the Movement - page 7. (Read 12524 times)
With my method, there are no keys exchanged at all. So apart from getting free coins, you also get anonymity as a bonus.
I don't know if this has been said or not. Tired, long day and don't want to read every sentence.
1) Snapshot is taken.
2) Move your coins to another wallet.
3) Use private keys from original wallet that had your coins during the snapshot.
Problem solved.
Yeah I already figured out that this was a decent solution however I am unclear whether or not every address is being implemented from all included coins because having to do something like that poses its own problems not to mention the inconvience of having to move coins that would otherwise receive PoS and now resetting your coin age1) Snapshot is taken.
2) Move your coins to another wallet.
3) Use private keys from original wallet that had your coins during the snapshot.
Problem solved.
You wouldn't be moving coins by inputing your private key into his wallet. You'd be showing him that you own the coins and you'd also be exposing those coins to security risks. You could move your coins to a new wallet after the snapshot, yes. But when the snapshot is taken would be decided by barwizi or his people while they potentially control your keys thru their software. This leaves enough time for your keys to be exposed and your coins to be stolen. If the pillage process is automated then it only takes a few seconds.
Problem NOT solved.
All in all the problem is on the user side, not the developer side. Your concerns while valid still fall under the category of user security.
In this case what we are attempting to do is like Microsoft trying to create a Login policy that takes into account that yo have a 5 year old at home and a teenager who sometimes leaves the wi-fi on in public.
All i can do is map the balances on the chain and tel people how to redeem. The concerns about the code are invalid since it is open source and can be reviewed at launch. Since there is no mining rush, people can take their time to redeem their share after getting a report on the code. As for Binaries, i would suggest using those compiled by me and me alone, no third party code.
Snapshot dates are not arbitrary, they are announced and adhered to, look at NoirShares, Lottoshares, MMC BTSX and many others have all used this method successfully without incident. And on another note, actually he is right in his own way!! Problem indeed solved. if you do not trust me or the people who review the code also not trusting yourself to view the code, you can simply redeem offline, send to a new wallet and destroy the one you used to redeem.
Move coins to new key, send old key?
ah, i see
it will not work, can you guess why based off my post above or should i explain?
Well I have my notions but an explanation would be nice to understand things from your viewit will not work, can you guess why based off my post above or should i explain?
also yes I do understand how private keys work and no you haven't answered what i said before about being able to use dumprivkey after unlocking the wallet to get access to all the imported private keys for all addresses
Ok, simply, LBT uses on chain distribution, ie everyone is using the one single chain, so its just a script that parses and get a sending address and sends coins back. If we were to send a signed message to a bitcoin node...how will we report your actual balance? From there where do we send the coins?
we could maybe start a new chain, people get the new chains addresses, but how then to allocate their share based on the % the held in each respective coin? using that method, we lose information such as balance, and price, which are key components in trying to distribute relative % with accuracy. Also there is no "static" point of reference from which to decide allocation so people can manipulate by using multiple addresses with negligible balances, or even no balance at all.
I don't know if this has been said or not. Tired, long day and don't want to read every sentence.
1) Snapshot is taken.
2) Move your coins to another wallet.
3) Use private keys from original wallet that had your coins during the snapshot.
Problem solved.
Yeah I already figured out that this was a decent solution however I am unclear whether or not every address is being implemented from all included coins because having to do something like that poses its own problems not to mention the inconvience of having to move coins that would otherwise receive PoS and now resetting your coin age1) Snapshot is taken.
2) Move your coins to another wallet.
3) Use private keys from original wallet that had your coins during the snapshot.
Problem solved.
You wouldn't be moving coins by inputing your private key into his wallet. You'd be showing him that you own the coins and you'd also be exposing those coins to security risks. You could move your coins to a new wallet after the snapshot, yes. But when the snapshot is taken would be decided by barwizi or his people while they potentially control your keys thru their software. This leaves enough time for your keys to be exposed and your coins to be stolen. If the pillage process is automated then it only takes a few seconds.
Problem NOT solved.
I don't know if this has been said or not. Tired, long day and don't want to read every sentence.
1) Snapshot is taken.
2) Move your coins to another wallet.
3) Use private keys from original wallet that had your coins during the snapshot.
Problem solved.
Yeah I already figured out that this was a decent solution however I am unclear whether or not every address is being implemented from all included coins because having to do something like that poses its own problems not to mention the inconvience of having to move coins that would otherwise receive PoS and now resetting your coin age 1) Snapshot is taken.
2) Move your coins to another wallet.
3) Use private keys from original wallet that had your coins during the snapshot.
Problem solved.
i dont get it but i will watch what happends
I don't know if this has been said or not. Tired, long day and don't want to read every sentence.
1) Snapshot is taken.
2) Move your coins to another wallet.
3) Use private keys from original wallet that had your coins during the snapshot.
Problem solved.
1) Snapshot is taken.
2) Move your coins to another wallet.
3) Use private keys from original wallet that had your coins during the snapshot.
Problem solved.
ah, i see
it will not work, can you guess why based off my post above or should i explain?
Well I have my notions but an explanation would be nice to understand things from your viewit will not work, can you guess why based off my post above or should i explain?
also yes I do understand how private keys work and no you haven't answered what i said before about being able to use dumprivkey after unlocking the wallet to get access to all the imported private keys for all addresses
what criteria of integration here ?, some shitcoins mentioned may affect the credibility of the project
In your own words...
People are here educating you while you talk down to them.
I'll remind everyone to check out barwizi's multitude of negative trust.
you really are confused 
People are here educating you while you talk down to them.
I'll remind everyone to check out barwizi's multitude of negative trust.
ah, i see
it will not work, can you guess why based off my post above or should i explain?
it will not work, can you guess why based off my post above or should i explain?
letstalkbitcoin.com has a system that is currently implemented which allows users to sign a message proving their ownership of an address. Based on this ownership they can be issued additional tokens. This requires no exposure of private keys.
Let me look at it firts , but while i do that, let me leave you with a question.
How does this method deal with the questions asked by theprofileth? he talks about someone moving coins around.
Just to keep us on track let me elaborate on my method
1) I take a snapshot of balances, this means i have a static record of balances in each respective address
2) I take a price snapshot, meaning i have a price guideline which will not change anymore
3) I map the balances on the chain based on static price , meaning accurate and uniform distribution.
4) User claims their amounts either entirely, or selectively
5) this method is not chain dependent, it applies to anything that uses the bitcoin code and pub/priv key pair
Note, once i have the snapshot, you cant change the % you will get, nor will price manipulation change the % of the chain that particular participant is due.
just reading your method suggests a live system, which is flawed in the worst sense since i could keep moving coins around and sending messages , some coins have no real buys support and a 1 BTC buy could change the price my huge spans.
My method is secure, tried, tested and proven many times over. Please answer my questions while i investigate your idea, it's not good for devs to dismiss things without taking a proper look at them, and i promise, i am doing so with a open mind.
letstalkbitcoin.com has a system that is currently implemented which allows users to sign a message proving their ownership of an address. Based on this ownership they can be issued additional tokens. This requires no exposure of private keys.
I have ~50 BTC in alts so if i trade it will get some of your coins ? You mean 50/21 000 000 * number of coins ? And I get that for free ??
If yes 1st think I will do will sell it right away even for 0,1 BTC and every one will and ur coin will die
And I get that for free ?? If yes 1st think I will do will sell it right away even for 0,1 BTC and every one will and ur coin will die
If that happens then so be it. There is no rule that says coins must not die, However, here's a more likely scenario, you dump and go away smirking , then a few weeks or months later, as it gains popularity, the price rises where by your 0.1 BTC, could be equal to 3 BTC. your smirk becomes a grimace and those who bought your cheap coins go to town on what was once yours.
Couldn't users just sign a message proving ownership of their address in a particular coin? There is no need to expose users private keys.
If there is a rock solid way of doing it, lets find it and i will use it. I promise to search diligently. But my understanding of how proof of ownership works with BTC based currencies, is that you need private keys in order to claim and control your coins, there is no way of getting around this since it is the backbone of the security which prevents arbitrary claiming of coins by any random individual.
Basically I agree that using private keys for anything other than their original intended software is a bad idea, I mean for one thing it makes this project a lot higher of a target for keyloggers given that they now only need 1 password to access EVERY private key you have imported. It would be better if we could just sign a message using our original wallets and somehow use that as a private key that way everyone is one step removed risk wise and still able to prove ownership.
I own this account
^message
HzKTKv/Ym/lbvi+XE2kCD4EtHcK5btub5utEyIsOXMUS8WPNGSlbJ+5ipvBI1Pq0f2iQLyx/XZ7bJCUtfPvRrgU=
^black coin signature for message
BJXcS2aaN6yyDenZXujmk7puMKRzzmNgTc
^black coin public address
anyone running blackcoin can go in their wallet go to file verify message and enter what i just gave to prove i own that account because it requires a private key to generate that signature
You really arent reading.
That proves you own the address so ok, now the chain is active and i planted coins in that address. How are you going to retrieve them?
Also are you setting what addresses have what coins in them manually? Or are you scanning other blockchains?
Also I think I discovered a potential problem, couldn't someone claim their coins by submitting their private key for an account that has coins in it and then move their coins to another address and then claim those same coins again at infinitum due to the fact that each address has a unique private key? Or the reverse happens where someone tries to claim their coins but you already set the values for the network and their coins are locked in some other address(es)?
the only way to lay claim to coins on a block chain is to own the private keys, there is no way around that as far as i know, if there was, then all cryptos would fail because your value would not be safe and belong to you alone. I understand what you are trying to do, but this is a question that has been posed so many times. By design the block chain only aloows you to control coins whose private key you have . Perhaps let me explain how it works
I have a snapshot of coin A
adressiamrich1232hggsu has 178 coins
I convert adressiamrich1232hggsu to the version of our new coin, meaning that the private key of adressiamrich1232hggsu can now controlls that amount in the new chain.
The public key/address is like your house address, and the private key is the master key that opens your house. everyone can see your house, but to get in and move everything to a new house or move furniture around, they need the key to your house, a one of a kind key that only you have.
Quote
Also I think I discovered a potential problem, couldn't someone claim their coins by submitting their private key for an account that has coins in it and then move their coins to another address and then claim those same coins again at infinitum due to the fact that each address has a unique private key?
The snapshot records balances at a specific time. at 00:00 you had 10 coins in this address, if i take the snapshot at 00:00, and you move your coins at 00:01 , they will only reflect in the first address. there is no way around this.
Quote
Or the reverse happens where someone tries to claim their coins but you already set the values for the network and their coins are locked in some other address(es)?
this is why i give advance notice, two whole weeks for us to hash out your concerns and allow people time to prepare for the snapshot by moving their coins to addresses under their control. f they miss the snapshot they'll have to find ways to get the private keys of the address their coins were in at that time.
A "fair" distribution model has been suggested whereby i do not look at value and just assign equal coins to everyone, ie every chain gets an equal % of the chain. While noble, i think this model is less likely to result in actual valuation of the coin.
Couldn't users just sign a message proving ownership of their address in a particular coin? There is no need to expose users private keys.
If there is a rock solid way of doing it, lets find it and i will use it. I promise to search diligently. But my understanding of how proof of ownership works with BTC based currencies, is that you need private keys in order to claim and control your coins, there is no way of getting around this since it is the backbone of the security which prevents arbitrary claiming of coins by any random individual.
Basically I agree that using private keys for anything other than their original intended software is a bad idea, I mean for one thing it makes this project a lot higher of a target for keyloggers given that they now only need 1 password to access EVERY private key you have imported. It would be better if we could just sign a message using our original wallets and somehow use that as a private key that way everyone is one step removed risk wise and still able to prove ownership.
I own this account
^message
HzKTKv/Ym/lbvi+XE2kCD4EtHcK5btub5utEyIsOXMUS8WPNGSlbJ+5ipvBI1Pq0f2iQLyx/XZ7bJCUtfPvRrgU=
^black coin signature for message
BJXcS2aaN6yyDenZXujmk7puMKRzzmNgTc
^black coin public address
anyone running blackcoin can go in their wallet go to file verify message and enter what i just gave to prove i own that account because it requires a private key to generate that signature
You really arent reading.
That proves you own the address so ok, now the chain is active and i planted coins in that address. How are you going to retrieve them?
Also are you setting what addresses have what coins in them manually? Or are you scanning other blockchains?
Also I think I discovered a potential problem, couldn't someone claim their coins by submitting their private key for an account that has coins in it and then move their coins to another address and then claim those same coins again at infinitum due to the fact that each address has a unique private key? Or the reverse happens where someone tries to claim their coins but you already set the values for the network and their coins are locked in some other address(es)?
Couldn't users just sign a message proving ownership of their address in a particular coin? There is no need to expose users private keys.
If there is a rock solid way of doing it, lets find it and i will use it. I promise to search diligently. But my understanding of how proof of ownership works with BTC based currencies, is that you need private keys in order to claim and control your coins, there is no way of getting around this since it is the backbone of the security which prevents arbitrary claiming of coins by any random individual.
Basically I agree that using private keys for anything other than their original intended software is a bad idea, I mean for one thing it makes this project a lot higher of a target for keyloggers given that they now only need 1 password to access EVERY private key you have imported. It would be better if we could just sign a message using our original wallets and somehow use that as a private key that way everyone is one step removed risk wise and still able to prove ownership.
I own this account
^message
HzKTKv/Ym/lbvi+XE2kCD4EtHcK5btub5utEyIsOXMUS8WPNGSlbJ+5ipvBI1Pq0f2iQLyx/XZ7bJCUtfPvRrgU=
^black coin signature for message
BJXcS2aaN6yyDenZXujmk7puMKRzzmNgTc
^black coin public address
anyone running blackcoin can go in their wallet go to file verify message and enter what i just gave to prove i own that account because it requires a private key to generate that signature
You really arent reading.
That proves you own the address so ok, now the chain is active and i planted coins in that address. How are you going to retrieve them?
I have ~50 BTC in alts so if i trade it will get some of your coins ? You mean 50/21 000 000 * number of coins ? And I get that for free ??
If yes 1st think I will do will sell it right away even for 0,1 BTC and every one will and ur coin will die
And I get that for free ?? If yes 1st think I will do will sell it right away even for 0,1 BTC and every one will and ur coin will die
Couldn't users just sign a message proving ownership of their address in a particular coin? There is no need to expose users private keys.
If there is a rock solid way of doing it, lets find it and i will use it. I promise to search diligently. But my understanding of how proof of ownership works with BTC based currencies, is that you need private keys in order to claim and control your coins, there is no way of getting around this since it is the backbone of the security which prevents arbitrary claiming of coins by any random individual.
Basically I agree that using private keys for anything other than their original intended software is a bad idea, I mean for one thing it makes this project a lot higher of a target for keyloggers given that they now only need 1 password to access EVERY private key you have imported. It would be better if we could just sign a message using our original wallets and somehow use that as a private key that way everyone is one step removed risk wise and still able to prove ownership.
I own this account
^message
HzKTKv/Ym/lbvi+XE2kCD4EtHcK5btub5utEyIsOXMUS8WPNGSlbJ+5ipvBI1Pq0f2iQLyx/XZ7bJCUtfPvRrgU=
^black coin signature for message
BJXcS2aaN6yyDenZXujmk7puMKRzzmNgTc
^black coin public address
anyone running blackcoin can go in their wallet go to file verify message and enter what i just gave to prove i own that account because it requires a private key to generate that signature
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