Topic: STOP COINVALIDATION. - page 2. (Read 3126 times)

5 exchanges, in only last 4 weeks. Sending your private keys is plainly stupid

If you submit your private keys, your coins ARE NOT SECURE!

How many places have been hacked? How much do you trust their employees?

When a bunch of customers using CoinValidation discover that their bitcoins are missing...I am just going to laugh. 

I'd kinda like to see it make a play for its own share of the market... 

Yes but it could probably be implemented gradually like P2SH was (and that wasn't nearly as important as Zerocoin). If it's not implemented a lot of people are going to be very unhappy when Bitcoin eventually dies due to not having a killer feature.

Doesn't it require a fork to implement ?   ....

Why aren't anti-coin validation advocates now demanding the implementation of Zerocoin into Bitcoin? With 98% smaller proofs the performance impact which was cited as the reason for not implementing it no longer exists, and it's going to launch as its own cryptocoin soon which could provide some real competition to Bitcoin if it's not implemented in BTC soon. The privacy provided by CoinSwap and CoinJoin don't come anywhere close to what Zerocoin offers.

https://bitcointalk.org/index.php?&topic=336514.0

At this point I'm also starting to think that it's conspiratorial that nobody is talking about this...

There is no motivation to end user submit anything there. Stupid idea.

Mike Hearn discussion on Reddit:
http://www.reddit.com/r/Bitcoin/comments/1qmbtu/mike_hearn_chair_of_the_bitcoin_foundations_law/

Good article by @dannybradbury:
http://www.coindesk.com/bitcoin-tracking-proposal-divides-bitcoin-community/

So when i want someone to pay me i give them an address that coinvalidation controls? And then after sender's address is validated Coinvalidation sends me the coins to an address that has only validated outputs and if not they send the coins to one of my unvalidated addresses?

Do i get it right?

I don't think so, or it maybe locked up behind the guard garden which is their forum.

Is there an official statement from the Bitcoin Foundation on this specific issue?  I would like to see it.

This is going too far.

Whoever so starts to talk about bitcoin addresses defined as either validated or unvalidated addresses has demonstrably begun to feast on satan's cock.  Remember this.

The single largest threat to the survival of Bitcoin today is the overt and covert attacks on the fungibility of Bitcoin.  If Bitcoin is not fungible then it is not a form of money.  It becomes a collectible with all the problems inherent in a collectibles market:

The need for an authority or authorities to tell you the value of each Bitcoin based on criteria set by outside influences with their own political, economic and social engineering agendas.

The need for and infrastructure to check with this central authority, or worse yet multiple authorities, every single time you do a transaction - so you don't get stuck with less than desirable coins.  Or even worse, the need to check in with a very complex market to value the coins on a “sliding scale”, if presented with less than desirable coins, so you can accept them at a discounted value.

Fragmentation of the market for Bitcoins:  a white market for the coins deemed clean by the authority or authorities and a black market for the less desirable, listed coins.

The core developers could consciously or inadvertently either maintain or destroy the fungible property of Bitcoin.

Help:  implement BIP32 as soon as possible in all clients in order to allow all periodic payments to be done in a fungibility supportive way.
         also everyone should use CoinJoin as often as you can, hopefully on every transaction.

Hinder: anything in the clients that helps in the formation, propagation or checking of any kind, color or flavor of lists of Bitcoins.

So innocent, lets see the foundation is trying to help these people they don't care about privacy, only when it comes to their private forum. Otherwise they welcome this.

We can't stop people from making lists of addresses.   We can bake coinjoin or similar privacy technologies into the most popular bitcoin clients to make those lists mostly useless.

https://www.youtube.com/watch?v=PDflbF4NO54

next...

You submit your private keys to CoinValidation and they remove coins from unvalidated addresses and escrows them until the sender validates, automatic in the case you use coinbase.

They're in the bed screwing the snatch outa coinvalidation, didn't you hear?