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@spnrapp

Private transactions for ICP and BTC https://t.co/Yy2zbbiduJ

Katılım Mart 2022
389 Takip Edilen2.2K Takipçiler
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Spinner@spnrapp·
1/ We have switched spinner.cash from #btc testnet to mainnet, being one of the first to conduct real #btc transactions on #internetcomputer, as well as one of the first to conduct private #btc transactions!
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Spinner@spnrapp·
@integral_wizard No, work on vetkey from the DFINITY foundation has not even started. Probably will start in the 2nd half of this year. At least that was latest we heard.
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Spinner@spnrapp·
@JanCamenisch Thank you, Jan, for the response! However, tECDSA was launched back in 2022. We understand that tSchnorr and tEdDSA are also important, but there has been an 18-month window with no major cryptography related release (albeit two papers published, VetKey and tSchnorr).
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jan@JanCamenisch·
@spnrapp Sorry you feel frustrated. The foundation's resources are limited. The crypto team is currently taking on threshold Schnorr and EdDSA (which also no one else can do) and then will switch to vetKeys (based on threshold signing, i.e., BLS, so synergies here).
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Spinner@spnrapp·
Yes we agree with all these, but where is the promised VetKey? It is THE MOST UNIQUE feature no other chain has, will enable *encryption* besides *signing signature*. And yet, not much seems to be happening since the initial paper last May. becoming increasingly frustrating 😡
dom | icp@dominic_w

Multi-chain "brain wallets" 🧠 will finally take off in 2024 thanks to chain key crypto: – no wallet software – undetectable – compatible – friendly!! They're going to be HUGE in the developing world for security reasons, and more widely for usability, and censorship resistance reasons. Here's how they work... To access a crypto brain wallet, you simply open a web URL in a browser "incognito window," for example on your phone, which naturally will leave no trace. The URL connects you directly to an #ICP smart contract implementing a brain wallet, such as oisy.com (an Ethereum brain wallet prototype under development), which creates a web-based user experience in your browser window. Next you authenticate using Internet Identity. To do this, you only need enter an easily-remembered Internet Identity number, which is a short string of digits, like 97437899. Your device asks you to perform a hardware authentication step. Most commonly, this simply involves pressing the fingerprint sensor on your phone, but can also involve Face ID, or a PIN, as desired. You can connect any number of devices like phones and laptops to one identity (you can also connect external wallet hardware, like a Ledger or YubiKey, typically for identity backup purposes). Once you have authenticated, your device performs the job of siging a secure session that identifies you to the smart contract providing the multi-chain brain wallet functionality. The device uses a private key kept hidden and inaccessible – even from you – inside a special secure chip on its internal motherboard called a TPM (Trusted Platform Module). This key is created when you connect the device, and associated with the wallet smart contract URL and your identity number. The open WebAuthn and FIDO standards are involved, but you don't need to know anything about their complex workings. You just need to press the fingerprint button. Once you have authenticated yourself to the wallet smart contract, it displays the contents of your wallet, and provides access to functionality such as send and receive. The Ethereum prototype brain wallet at oisy.com can also be quickly connected to DeFi services such as Uniswap using WalletConnect functionality – it's fully compatible. This technology already works with bitcoin, ether, ERC20 tokens, and ICP tokens, including fast and cheap chain key "twins" such as ckBTC. In the coming months, extensions to the chain key technology powering the Internet Computer network will make it possible to create brain wallets that work with nearly ALL blockchains – no insecure and inconvenient bridges, just advanced math and cryptography. The magic behind the scenes involves the smart contract creating & signing transactions for OTHER blockchains, which is possible because the Internet Computer can sign in place of a private key – hence "chain" key. Arguably, this new web-based brain wallet paradigm provides a much smoother user experience than traditional wallet software, and it cannot be blocked or modified by Big Tech, which web browser extensions, and software that must be downloaded and installed from app stores, can be. The really really big thing, though, is that once the incognito window is closed, there's no trace of the wallet on your device – and there's no way that even you can see what's inside the TPM chip on your device, to see the private key there... This will be a GAME CHANGER in the developing world, where crypto is rapidly taking hold. Imagine being in country X, with poverty and instability. A mugger puts you up against a wall. A policeman wants a bribe at a traffic stop. They want to see what's on your phone. If you have crypto inside traditional wallet software, you're done, they're going to take it all. But you haven't. It's in your brain wallet: Undetectable, and safe from violence. This is just the beginning. DFINITY will propose more game changing crypto advances to the network. Stay tuned!

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Spinner@spnrapp·
@sayitkind If you have ever used v2 (i.e. the current version), your v1 balance was already transferred over.
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wpb
wpb@sayitkind·
@spnrapp What is the url for v1? I’d like to log in and verify that I don’t have any funds left over in the v1 app before you shut it down. @spnrapp
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Spinner@spnrapp·
spnr.app v2 (beta) has been running steadily for over a year and half, and many people have transacted both ICP and BTC with it. We are happy to continue supporting the service! In the meantime, we will retire v1, which has not seen any usage since v2 was launched
Spinner@spnrapp

As promised, spnr.app v2 is online! Please help testing it out 📢📢📢 Only small deposits please... also, a known issue: - Mobile Chrome browser may have some memory problem (again), try restart your phone if it continues to fail.. or switch to Brave, or Firefox!

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Spinner@spnrapp·
@mosesibb @kinic_app Yes, we appreciate the replies but maybe it is worth emphasizing the main concerns we had: 1) no clear revenue model or biz plan; 2) insignificant tech contribution and lack of updates since supernova; 3) too high a valuation. It is up to each individual to decide their own vote
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Spinner@spnrapp·
@mosesibb @kinic_app We stand by our calculation. The open sale is for 1/4 of KINIC tokens, each would be worth 1 ICP if maximally subscribed. This puts the overall project valuation at max 1.5 * 4 * 4.8 ≈ 28 million USD
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Moses ∞@mosesibb·
@spnrapp @kinic_app There are other concerns in that forum which some people there believe u calculated it wrong, this are the reason why u should head to the forum and clear things out with them
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Spinner@spnrapp·
@mosesibb @kinic_app Such concerns were also raised by others in the forum discussion. We find the answers from Kinic team unsatisfactory. It is probably better to view our report as a summary of what has been discussed, instead of fresh new conerns.
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Moses ∞
Moses ∞@mosesibb·
@spnrapp @kinic_app I think u should using the dfinity forum on kinic SNS post and seek a clear path on how that can be controlled by the SNS DAO and I'm sure that the @kinic_app team will be willing to iron that out with u as they have been doing to others ICP members concerns there 🤔
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Spinner@spnrapp·
@mosesibb @kinic_app You mean the crawler? It is an off-chain component, and we don't see a clear path that the DAO would have control over how it is run or who run it.
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Moses ∞@mosesibb·
@spnrapp @kinic_app Your concern was if it will be transferred to the SNS DAO I believe the answer from the forum is yes if I'm right 🤔
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Spinner@spnrapp·
@JaMarc0 @kinic_app Interesting question! @OpenChat Vote: YES. Positives: 1) consistent updates over past 2 years; 2) many crypto features beyond just IM; 3) DAO controls every aspects of the app Negatives: 1) unproven/unclear revenue model or biz prospect; 2) crowded space & fierce competition
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Spinner@spnrapp·
@TaggrNetwork Which is why we propose setting a special rule in II for you guys. Of course we are no expert, perhaps some DFINITY engineers can share their opinions on difficulty levels.
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