Re: [Bitcoin-development] Why Bitcoin is and isn't like the Internet
Bitcoin has a major crossroad ahead regarding a suitable platform for the average non technical main stream user. Until now the majority of the available solutions were at two extremes, or DIY your security and privacy *OR* let a 3rd party service do it for you. The DIY solution is obviously not scalable, but it seems that 3rd party solutions are not scalable as well. If we compare for a second a 3rd party services with traditional banks, it seems banks have two major advantages over them. Entry costs for creating a bank are HUGE so a priori very few people can actually create such a service, second, their physical and IT security infrastructure are heavily regulated which insures a minimum of security level to the end user (and even so money is stolen frequently). Entry costs and regulation do not exist in the bitcoin space, meaning two programers in their spare time can create a wallet/ platform and the non technical end user cannot know if his money is safe, did they hire the right security expert, did they invest enough in protecting and backing up his keys, etc. Many services tried to tackle those problems with multisig (2 of 2 and 2 of 3) to create a syntactical 2 factor authentication/ authorisation mechanism but in reality those solutions didn't really increase security and their failure point is always a single device. Coupling those said problems with the fact that bitcoin transactions are irreversible and are a scarce commodity, trying to insure them the way our money is insured by the government when we deposit it in the bank becomes a huge problem. Premiums will be very high and will only grow as the appetite of hackers to steal coins increase. I personally believe we have the tools for creating a platform that is both secure and private but most importantly it does it in a decentralised way. Creating true 2 (or more) factor authentication/ authorisation schemes can improve dramatically personal security to a point where 3rd party wallet services will become a thing of the past. Succeeding in that will mean the next billion non technical bitcoin users will have a platform to use securely and a base line for building cool services on top. Alon Muroch bitcoinauthenticator.org -- New Year. New Location. New Benefits. New Data Center in Ashburn, VA. GigeNET is offering a free month of service with a new server in Ashburn. Choose from 2 high performing configs, both with 100TB of bandwidth. Higher redundancy.Lower latency.Increased capacity.Completely compliant. http://p.sf.net/sfu/gigenet___ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
Re: [Bitcoin-development] BIP70 proposed changes
Hi Odinn, There is a tromendous progress and we are working hard on the 2 factor auth. You an follow our progress at : https://github.com/cpacia/BitcoinAuthenticator We are still at development and there is a lot to be done :) On Tue, May 6, 2014 at 4:35 AM, Odinn Cyberguerrilla odinn.cyberguerri...@riseup.net wrote: I am curious if the Android developer who had been working on two factor authentication and bitcoin had worked toward an open issue or pull request? I had been looking around for some sign that this had occurred but hadn't found it, I am interested to know what is the progress in this area (in a fully decentralized way that resides fully on one's device or devices). For some reason maidsafe keeps rising up in my brain, have bitcoin core developers touched bases with maidsafe developers on these kind of fine points? Just thoughts and questions. -Odinn On Tue, Feb 18, 2014 at 4:40 PM, Andreas Schildbach andr...@schildbach.de wrote: On 02/18/2014 08:14 PM, Ryan X. Charles wrote: BitPay is working on a new standard based on bitcoin-like addresses for authentication. It would be great if we could work with the community to establish a complete, decentralized authentication protocol. Sounds interesting, let us know as soon as you have anything. SINs. See https://en.bitcoin.it/wiki/Identity_protocol_v1 -- Jeff Garzik Bitcoin core developer and open source evangelist BitPay, Inc. https://bitpay.com/ -- Managing the Performance of Cloud-Based Applications Take advantage of what the Cloud has to offer - Avoid Common Pitfalls. Read the Whitepaper. http://pubads.g.doubleclick.net/gampad/clk?id=121054471iu=/4140/ostg.clktrk ___ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development -- Is your legacy SCM system holding you back? Join Perforce May 7 to find out: #149; 3 signs your SCM is hindering your productivity #149; Requirements for releasing software faster #149; Expert tips and advice for migrating your SCM now http://p.sf.net/sfu/perforce ___ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development -- Is your legacy SCM system holding you back? Join Perforce May 7 to find out: #149; 3 signs your SCM is hindering your productivity #149; Requirements for releasing software faster #149; Expert tips and advice for migrating your SCM now http://p.sf.net/sfu/perforce___ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
