Ordered "Simple & Elegant Wallet" cards from Bobby Lee - Ballet - page 3.

bitart

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Vires in Numeris

Quote from: bitmover on September 14, 2019, 07:51:04 AM

...
I am not saying that the CEO of the company is planning to rob its clients. But a dishonest employee, for example. There are too many possible leaks with a pre generated private key. There is no reason to PAY to be exposed to get risk.
...

Or, CEO (I don't know if he really wants to scam or not but why not... crypto is about you don't trust anyone...) will just help an employee to copy the keys and they will share the bitcoins in the end...
So it's not himself directly, but nearly...
I won't buy this wallet despite of the "ultra sexy" design and the heavy marketing stuff... Bitcoin is about the trustless environment, this card is just against the basics of bitcoin...

squatter

legendary

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STOP SNITCHIN'

This Ballet card looks so slick, like a Black Card or something. The aesthetic is probably pretty attractive to mainstream folks, coming from the age of credit cards.

It's a damn shame because this is all going to end in tears.

I hate watching the industry move backwards. This "cold storage with third party generated keys" model reminds of me of Binance's "DEX" where you "hold your own private keys" to tokenized assets on a permissioned blockchain. Roll Eyes

Jcga

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Charlie Shrem in da house!

"Just got my pre-production sample of the @BalletCrypto wallet, excited to try it out!

Listen to CEO @bobbyclee and I talk about OG crypto stories from the early days
and his new wallet at http://UntoldStories.com"

Source: twitter.com/CharlieShrem/status/1174300190351777792

Bobby Lee: twitter.com/bobbyclee
Ballet: twitter.com/BalletCrypto
Ballet Telegram Group: t.me/BalletCrypto
Ballet Shop: store.balletcrypto.com

Jcga

legendary

Activity: 2590

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Hi everyone,

Question:
"Bobbyclee just watched your BalletCrypto video (youtube.com/watch?v=jxP2KIdn_FQ), cool concept,
in the video you explained that the private key and BIP38 passphrase are never known by the same people,
if that is true how do you derive the public key?"That’s precisely the beauty of #BIP38!"

Bobby Lee:
"Using that well proven industry standard, we are able to generate the proper deposit address without ever digitally
combining the encrypted private key with the decryption passphrase. It’s elliptic curve cryptography in BIP38, it’s magical."

Source: twitter.com/bobbyclee/status/1174215666603368449

Jcga

legendary

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"Ballet is a Multicurrency Non-electronic Crypto Hardware Wallet"

Source: https://cryptomining-blog.com/

Jcga

legendary

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wow 2x kickstarter's backers in 48 hours...

source: kickstarter.com/projects/balletcrypto/ballet-cryptocurrency-hardware-wallet

Jcga

legendary

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Merit: 1089

Quote from: LeGaulois on September 14, 2019, 08:17:29 AM

@TryNinja @Bitmover @Lucius @franky1

you need to be crypto swag and follow the trend lol.

Yes, the keys are pre-generated but hey, in the earlier days when we discovered Bitcoin, weren't we using a web wallet and alike, a place where we needed to trust a company with our keys? Coinbase for example.

The product is new, the site too, but it has to start somewhere, they can't earn their reputation in 1 month. Everyone deserves a chance. I doubt B. Lee is going to scam people

I wouldn't use it to store my vault but you know, we all have different wallets for different purposes. For example, you can create a wallet that you only use for your shopping online, another to pay the escort girls and so on. You usually keep a minimum on it, just enough to pay 1 or 2 shots.
It's the type of card I would use as an alternative wallet for this.

I don't remember who talked about the price but I think the price is decent. If you compare with a similar website, ColdKey is at $35 and Satochip $25

+1

Thanks to you @LeGaulois, ordered 2 "Genesis Edition Coldkey" cards from www.coldkey.eu, ultra sexy too hahaha
"Coldkeys are physical secure cold storage wallets for crypto-currencies".

"This is the first Coldkey public release.
It has been specially created to commemorate the birth of Coldkey.
The Genesis Edition is composed of 250 serialized cold storage wallets.
You can choose if you want Regular Coldkeys. Or maybe you prefer an Anon Coldkey?"

Yogg's thread : "Welcome to the Coldkey™ Genesis Edition pre-order and sales thread!"
https://bitcointalksearch.org/topic/wts-coldkey-genesis-edition-cold-storage-wallets-limited-edition-5132621

Seen that!
"The very first serial numbers of our new loaded Coldkeys are in auction on bitcointalk : https://bitcointalksearch.org/topic/--5179709" Sold out.

Source: http://twitter.com/ColdkeyCards/status/1167096835913244672

veleten

legendary

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uhm , how can you trust a hardware wallet with pregenerated keys that you can't change?
maybe I'm missing something but if you do not control the keys- you do not control the money as simple as it gets
and maybe this topic should be in some other thread as well
while the idea of a solid material wallet that you can carry like a credit card sounds like fun , I picture cold wallets more of a "keep it safely home"
I'm sure they will be selling it allright, but I'm not going to be one of the customers for sure

Jcga

legendary

Activity: 2590

Merit: 1089

Hi everyone,

From Jessie tg Ballet Admin t.me/BalletCrypto:

Question:
"How is the seed phrase on the card is generated? How can I be sure that nobody saw it while manufacturing?"

"Jessie, [14.09.19 12:58]
Hi. The short answer is the wallet passphrase is generated in an offline computer in USA while the encrypted private key is generated in China. No single factory worker or employee can come into contact with both info.

Jessie, [14.09.19 13:00]
We adopt industry first practice called 2-factor key generation. It’s actually a very complicated process that involves international shipping and manufacturing. To learn more about it, please visit www.balletcrypto.com/2FKG."

Source: https://t.me/BalletCrypto

Lucius

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Blackjack.fun-Free Raffle-Join&Win $50🎲

When viewed from the perspective of simplicity Ballet wallet certainly has its advantages, and may help to a greater adaptation of cryptocurrency. But on the other hand, it is not good to steer people in the wrong direction, stating that this is secure way of storing crypto.

We can say that Bobby Lee is an honest man and that he has good intentions, but he ignores the basic rule "Not your private keys, not your coins", and he can not be sure that someone will not abuse their position in the process of generating private keys.

Simplicity of using cryptocurrency is key for mass adoption, but safety must come first.

kryptqnick

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I agree about the generation of keys, it does make it sound suspicious. Even if the company's CEO is not trying to scam people, it could lead to a potential security breach, I guess. And how is this wallet unique, why is it the first multi-currency wallet? Nano Ledger supports 25 cryptocurrencies, and it's also offline. Plus, it already has a good reputation, it's very famous and considered one of the best wallets out there. And there are Crypto debit cards (though not issued by Ledger). Why is this weird form of the wallet being a card good? It makes it very visible that it's a Bitcoin wallet (on the photo, at least) which may attract the thieves, for instance.

squatter

legendary

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STOP SNITCHIN'

Quote from: LeGaulois on September 14, 2019, 08:17:29 AM

The product is new, the site too, but it has to start somewhere, they can't earn their reputation in 1 month. Everyone deserves a chance. I doubt B. Lee is going to scam people

I doubt Bobby Lee is out to scam anyone -- doesn't mean I trust his company to generate my keys. Cheesy

It's such a silly model. What if the key generation process is compromised? It's a glorified paper wallet so best case scenario, you've got a $40 paper weight. Worst case scenario, your bitcoins are gone. Not to mention if it's ever physically compromised, it's incredibly easy for someone to recover your bitcoins.

Too much emphasis on ease of use at the cost of security is bad for the ecosystem.

dkbit98

legendary

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Why not enable new users new and easy way to generate their own keys?
and then you can call your wallet revolutionary...
Maybe some combination with app and card for this.

Ucy

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Compare rates on different exchanges & swap.

Quote from: ?? on ??

Quote from: bitmover on September 13, 2019, 06:47:57 PM

Quote from: TryNinja on September 13, 2019, 05:11:42 PM

So, is this like an metal plated paper wallet? Honestly, it isn't very clear on your website. I suggest that you put a clear step-by-step on how your product works in the first page.

Something like:

1. You buy the wallet.
2. You do X.
3. Your coins are stored in Y.
4. Then you can spend by doing Z.

Everything isn't very user friendly at the moment (IMO).

Private keys are pre generated by the manufacturer. Very crazy IMO. I think it is a shitful wallet. OP shouldn't have rush to buy it, before he reads what is it all about...
You will receive a wallet with a pre generated private key, trusting that the manufacturer don't have them.

Take a look here, there was already some discussion in the forum about it.
https://bitcointalksearch.org/topic/m.52434130

To be fair this isn't 100% terrible, I very foolishly bought
something similar from Bitswiss, and put a few bitcoin on it, they stayed for years and never went anywhere. They were legit and they even switched their focus and stopped selling wallets. Now this company, I don't know and would I do it again like that? No. I'd want to generate my own Private key and have some sort of scratch off sticker included.

I like the idea but it's clearly not safe.
Perhaps safe preloaded papers could work a bit like multisignature wallet. Other part of the card keys could be generated within the buyers computers when they receive the card. I guess it can be done safely with only the owners having access to the real keys?

BrewMaster

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There is trouble abrewing

this method of creating a wallet only works for collectibles not an actual wallet. with a collectible the focus is mostly on uniqueness of the design and its looks so the security might not be the priority there.

for a wallet, to actually store funds and be secure the only way this could work is if they gave the option to the user to send them an encrypted key for them to print and then stick that scratchable on top of it. that simply eliminates any chance of them scamming anyone (unless user chooses 123 as their pass!)

bitmover

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bitcoindata.science

Quote from: LeGaulois on September 14, 2019, 08:17:29 AM

The product is new, the site too, but it has to start somewhere, they can't earn their reputation in 1 month. Everyone deserves a chance. I doubt B. Lee is going to scam people

I agree CEO is not scamming people. But there are some possible security breaches that could be exploited in this key generation process.....

Quote

I wouldn't use it to store my vault but you know, we all have different wallets for different purposes. For example, you can create a wallet that you only use for your shopping online, another to pay the escort girls and so on. You usually keep a minimum on it, just enough to pay 1 or 2 shots.
It's the type of card I would use as an alternative wallet for this.

Ia agree with you here also.

Sometimes we think a wallet as a place to keep our whole life savings, but we don't need only that kind of wallet.

Maybe this wallet can be good for small amounts of Bitcoin...

I only hope this doesn't get too popular and people start losing funds, like blockchain.info

The problem I see, is that Bitcoin brand is already related to so many scammers, low security wallets and exchanges and so on. This all is bad for adoption. But this may not be case, and this wallet may deserve a shot. Let see what they are up to.

TryNinja

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Quote from: LeGaulois on September 14, 2019, 08:17:29 AM

Yes, the keys are pre-generated but hey, in the earlier days when we discovered Bitcoin, weren't we using a web wallet and alike, a place where we needed to trust a company with our keys? Coinbase for example.

This doesn't make using them a good idea. It's up for every individual to trust these type of services/web wallets (I personally wouldn't). I honestly think that there are better and more trusted products, but I understand what you are saying. After all, weren't Casascius coins generated by a third-party and aren't they still being traded today without any worrying about the coins being withdrawn?

Quote from: LeGaulois on September 14, 2019, 08:17:29 AM

The product is new, the site too, but it has to start somewhere, they can't earn their reputation in 1 month. Everyone deserves a chance. I doubt B. Lee is going to scam people

Maybe... but I'm not calling them a scam, just questioning how their wallet works. Their website weren't exactly very clear.

Quote from: LeGaulois on September 14, 2019, 08:17:29 AM

I don't remember who talked about the price but I think the price is decent. If you compare with a similar website, ColdKey is at $35 and Satochip $25

But it's only a card with a wallet printed on it. I questioned the price because if you are looking for a hardware wallet, there could be better options for a little bit more - with real security, no third parties and while being a reusable wallet. If you're looking for a collectible or a cool "paper wallet", then it's obviously fine to pay something like this for a good looking BTC card.

I'm not attacking the product, just asking for some clarification and sharing some thoughts.

LeGaulois

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@TryNinja @Bitmover @Lucius @franky1

you need to be crypto swag and follow the trend lol.

Yes, the keys are pre-generated but hey, in the earlier days when we discovered Bitcoin, weren't we using a web wallet and alike, a place where we needed to trust a company with our keys? Coinbase for example.

The product is new, the site too, but it has to start somewhere, they can't earn their reputation in 1 month. Everyone deserves a chance. I doubt B. Lee is going to scam people

I wouldn't use it to store my vault but you know, we all have different wallets for different purposes. For example, you can create a wallet that you only use for your shopping online, another to pay the escort girls and so on. You usually keep a minimum on it, just enough to pay 1 or 2 shots.
It's the type of card I would use as an alternative wallet for this.

I don't remember who talked about the price but I think the price is decent. If you compare with a similar website, ColdKey is at $35 and Satochip $25

Jcga

legendary

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Merit: 1089

Quote from: Lucius on September 14, 2019, 07:37:54 AM

Jcga, are you in any way connected with this project or you're just a big fan of Bobby Lee? I'm asking this because you posted 10+ links ( so far) in 3 post, and this seems more like a serious promotion to me.

Quote from: Jcga on September 13, 2019, 04:54:32 PM

"Ballet Cryptocurrency Hardware Wallet, Exclusive access to the revolutionary Ballet cryptocurrency hardware wallet,
designed for everyone, of any age and background."

There is nothing revolutionary about this card, if you like this type of "hardware wallets" then check KeyWallet Touch, it seems a little more advanced and secure then Ballet.

Quote from: Jcga on September 14, 2019, 06:33:46 AM

In addition, not to mention that from a collector's point of view, these cards are ultra sexy.

I can somewhat agree with this, collectors do not look so much at functionality (security in this case), but on some other things.

Not at all. I just shared my happiness yesterday. I have ordered as everyone can do and shared my experience.
I do my share, community support as we can do as I think the cards are cool.
I like the guy since 2014-15, I have also followed collectible items via btcc at that time.

Red-Apple

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Quote from: Lucius on September 14, 2019, 04:33:55 AM

This will be a great wallet for those who do not know how important is to be only person who have access to your private keys.

people who think this way should use custodial wallets such as Coinbase that are at least from a well known and old company. note that i am not denying the risks and stupidity of this method but i am pointing out that if people want easiness then there are better options than a newly created company from a person with a bad history of scams!

Topic: Ordered "Simple & Elegant Wallet" cards from Bobby Lee - Ballet - page 3. (Read 1322 times)