Quote from: bytemaster on December 06, 2013, 05:46:32 am

Keyhotee asks you for your password when you start the program and will keep your private key in memory only.  On disk it is always encrypted.

In order to process incoming messages your private key needs to be 'live' at all times.  There is no way around that. 

With the wallet system you only need your private key for sending money.

Bottom line, you are relying on the physical security of your computer and OS while Keyhotee is open.    Any bright ideas on how to improve that?

I really want to store the private key offline.
How about this way.

We use 2 private key,mainkey and subkey,with different power(or we can say:usage).
They work like this.

1,I generate a mainkey on an offline PC,then I use it to register my kehotee ID.
mainkey<->kehotee ID

2,I generate a subkey and sign this information(subkey's publickey + "active subkey") with my mainkey on offline pc.
then I broadcast this info to p2pnet.I use subkey to login,decrypt, signature and etc.
mainkey->active subkey
subkey->login
subkey->send mail
subkey->read mail
subkey->delete my mail from p2pnet

3,If my subkey was lost or leaked,I can sign information(subkey's publickey + "destroy subkey") with my mainkey
and  broadcast it to p2pnet.Attacker maybe already see my history mail,but he cannot do anything more
when I destroyed my old subkey and active a new subkey.
Most important thing is,I don't have to destroy my kehotee ID,Specifically my founder ID.And Attacker cannot
destroy my kehotee ID with only subkey too.

mainkey->destroy subkey
mainkey->destroy ID

4,My keyhotee ID is totally safe now.
We can make more function with mainkey and subkey.

:-)

good idea

Inflation in Bitcoin is not perceived because the real value of the currency in relation to goods and other currencies is increasing very fast on average. From a point of view of a today user, s/he only sees that his/her coins gain in value over time, perceiving that as a fake deflation.
Infation is only a problem when you reach certain stability in real market shares, or when the decline starts. For example, what is happening to the dollar right now.

In my opinion, the ideal currency is the one which is able to expand/shrink (inflate itself by increasing/decreasing money supply) in the same ratio as market/exchange adoption does happen. So if you have 1 dollar today and are able to buy 1kg of apples, the ideal is that 20 years from now you can also buy 1kg of apples with 1 dollar.
This stability has many advantages. The first one being able to take loans and pay in a predictable way.
Do you imagine taking a loan today in bitcoins at $1000, and having to pay it when it is at $100,000? You would fail to pay, and this happens because money supply (inflation) is just not enough to support the incredible demand.
But how to implement this in a virtual currency? It is a problem if we don't want centralization, and centralization is precisely the biggest problem we want to avoid, for political reasons.

If you regard bts as a kind of META-currency more than altcoin, you can ignore this disadvantage. (What? META-currency? Am I creating concepts around again? )

But, can bitAssets gain dividends? And, should they? 

我昨天回了 bytemaster 关于 POS 的帖，然后他回我了：
http://bitsharestalk.org/index.php?topic=1138.15

Quote

On bitcoin system, miners contribute hash powers the DAC needs, than the DAC taxes by inflation from the share(coin) holders to purchase the hash power. All this process is a fair business.

In the case of Transactions as POS，I am worrying whether there will be a rational issue Model.

Though, I really appreciate your effort on the thinking of all the Merged Mining, vesting, proposing decentralization, etc.

May you make it.

Coins have already been issued via mining if you want to call that rational. 

然后，十几个小时之后，他放出来了一篇《Dividends 2.0 - A Simplified Implementation of Dividends and Honest Blockchains》
http://bitsharestalk.org/index.php?topic=1169.0

I would like to introduce a new, simplified, approach to implementing Dividends on a blockchain.  As many astute economists have pointed out, destroying the currency and paying dividends have the same effect on your bottom line.  In one case you end up with more units of a fixed supply, in the other case the units you have become more valuable.   Despite the economic equivalence of these two actions there is a critical psychological difference.   People are often unable to separate real return on capital from capital appreciation.  There is also a huge difference in user experience between seeing the number of dollars they have go up due to 1% interest while ignoring the 5% inflation.  They still 'feel' they got more.

This leads me to the following critical observation that all crypto-currencies are currently operating under the illusion that you have realized high gains when the reality is almost all coins have an inflation rate north of 10% per year.  As a result people are paying taxes on imaginary gains because the gains were not adjusted for inflation.  Just like we want the government to be 'honest' and tax people on their savings rather than hide the tax in inflation, all crypto-currencies should be honest and show the users' balance decrease by 10% per year as fees paid to miners.   

The reason this has never been implemented is because 'implementing a tax' has been considered entirely too difficult and inefficient.  I would now like to present a new approach to crypto-currencies that will simultaneously eliminate the inflation deception, enable dividends, and put an end to all crypto-currencies that think changing the money supply actually means something to the market.   This change could easily be adopted by all Altcoins without having to change the blockchain at all.   

Rather than considering the 'unit' of a currency to be individual shares, people should transact in 'Percent of Money Supply' and all balances should be represented as 'Percent of Money Supply'.   As currency is created you see your balance shrinking due to inflation.  When money is destroyed your see your balance increasing due to 'dividends'.   You can shift the decimal on this percentage to create friendly numbers, but ultimately it is still a percentage.   With a simple change to the user interface dividends can be implemented with ease.

If all block chains implemented this policy then the unit value on sites like http://coinmarketcap.com/ would be a meaningful way of comparing the coins.   In the case of BitShares this eliminates a large amount of bookkeeping and simply changes the way the currency is entered or displayed by the user.   Users get to see their dividends as their balance increases over time even though no coins are actually transferred to them. 

In the case of Bitcoin users would be able to write of a 10% loss per year against their capital gains.  I would like to officially proclaim that Bitcoin implements demurrage by charging people for holding a balance.  It is currently hidden by inflation, but none the less the economic system of all coins to date have a hidden wealth tax in the name of security and are terribly inefficient.  A future coin that is able to eliminate this inflation and 'tax' will have significantly more value. 

Given this insight, many of our future block chains have become much easier to implement. 

如果我的完整文章早被介绍到英语世界，那或许我可以被这个很棒的构思的帖子引用参考。
《比特币从哪里来？》：
http://www.8btc.com/where_does_bitcoin_come_from

On bitcoin system, miners contribute hash powers the DAC needs, than the DAC taxes by inflation from the share(coin) holders to purchase the hash power. All this process is a fair business.

In the case of Transactions as POS，I am worrying whether there will be a rational issue Model.

Though, I really appreciate your effort on the thinking of all the Merged Mining, vesting, proposing decentralization, etc.

May you make it.

I join.

我想捐，但我不懂英文，各位国际友人能帮帮忙弄个中文操作指南吗？

能摸到这个论坛的，估计英文差不到哪去。靠人不如靠己，谷歌翻译，加查查词典，应该差不多了。需要的链接，楼主已经给了。还剩一个月时间，加油。

Quote from: coolspeed on November 27, 2013, 03:11:32 pm

中文版块突然开始变活跃了。包括楼主。
请教楼主，你怎么已经有 Keyhotee ID 了？上哪儿能弄到？

我有想法donate一个，那个是注册论坛时随便填的，呵呵

Sent from my GT-N7100 using Tapatalk

被骗了  我今天也申请了一个

Quote from: ruletheworld on November 28, 2013, 04:29:54 am

Quote from: bitcool on November 28, 2013, 04:02:32 am

IMO PTS is a VERY high risk investment even comparing to other altcoins, because a much higher percentage of PTS value is based on future promises.

But they are really good promises.

Why? There is a baseline already as just another alt-coin: it can't fall further than that, can it?

Protoshare is heavily inflated because of the promises associated with it. That's why its market cap got so high in such a short amount of time. If those promises fall through, then PTS' floor will fall to that of any other altcoin that isn't heavily watched.

By investing in PTS you're betting that Invictus will launch their products, and that their products will work and become successful.

Invictus says it is better to have a competitor. Investing pts is investing this idea, not the company.

http://letstalkbitcoin.com/dacs-that-spawn-dacs/