Please help alpha test Ninki Wallet, the worlds first social, BIP32 MultiSig Bitcoin wallet! https://ninkip2p.com
https://ninkip2p.com Here is a screenshot: http://imgur.com/6bW7UZ9 We currently only support Chrome, Safari and Firefox Ninki Wallet Hi, been working on this like madmen for the last few months. Looking for people to help out with an Alpha test. The wallet currently runs on a private TestNet, sign up and in "Add a Contact" put in ninki and hit "Add Contact" I'll send you some coin Some basic specs: Secure - Multi-sig 2 of 3 wallet, the user has 2 keys, we have 1. We do not know your private keys (or even your public keys), all data is encrypted with your password. Private - BIP32- addresses are never reused, communication between contacts uses RSA public/private key encryption Social- BIP32 Social, add contacts and automatically assign them to a BIP32 node. You never need to see a Bitcoin address again to send them coin, and they never need to ask you for an address to send! Master public key exchange is done via RSA public/private key encryption with an optional out of band validation code available. Transfer Limits- You can setup transfer limits which we control via our part of the multi-sig addresses. You need to setup 2FA to change these limits. They currently default to: Daily Transaction Limit: 0.1 Single Transaction Limit: 1 Number Of Transactions Per Day: 10 Number Of Transactions Per Hour: 4 The philosophy behind the wallet is bringing these advanced features of the Bitcoin protocol to a well designed and usable site. I'm sure there will be lots of questions and I am here to answer! Would really appreciate any bug reports / opinions on what needs to be improved / features to add.
There is no future for Bitcoin apps doing crypto in the browser, so I have decided once Ninki Wallet comes out of Beta, it will be a Chrome App plus iOS / Android app for mobile. What do you think?
My reasoning for doing this is as follows: The philosophy of Ninki Wallet is that you don't have to trust us. All sensitive information is encrypted in the client by your password and the password is never transmitted to us in any form. We go to great lengths to make this possible, the Ninki platform not only encrypts standard bitcoin keys but also a PGP key pair to allow you exchange information with your network. All without revealing any information to us. We open source the client code so everyone can see that we are not doing anything to compromise this. The big flaw here is that when this system is delivered via a web server to a browser, you are trusting (everytime you go to our website) that:
We have not been coerced into doing so by governments or extortionists
We have not been hacked and our servers compromised
Ninki Wallet: Security Bounties / Pledge to help raise the bar of Bitcoin Wallet Security
Ninki Wallet is a multi-signature wallet which as well as being a state of the art, fully functional Bitcoin wallet, also allows users to build their own payment network. https://ninkip2p.com/ We are crowdfunding security bounties which will be used to crowd source security experts to perform security testing on our platform. We will use HackerOne to coordinate the bounties and payouts, and will fully disclose all reports (after a reasonable timeframe) https://hackerone.com Target: 25BTC Here is the Lighthouse project file: https://ninkip2p.com/ninki-wallet-security-bounty.lighthouse-project The bounties will range from 0.5BTC for low critical reports to 5BTC for high critical reports. Eligibility Ninki reserves the right to decide if the minimum severity threshold is met and whether it was previously reported. In general, anything which has the potential for financial loss or data breach is of sufficient severity, including:
Authentication bypass or privilege escalation
Remote code execution
Obtaining user information
In general, the following would not meet the threshold for severity:
Can I recover Bitcoin from a wallet that is no longer supported?
Hi. I have some bitcoin in a wallet that is no longer supported (Ninki Wallet). Is there a way to get my coins back? I have a backup file in .json format, Ninki public key and 12 word (password?) Any help appreciated.
My thoughts on Ben Lawsky's proposal from the point of view of a startup with no funding
EDIT: http://en.wikipedia.org/wiki/Safe_deposit_box When you store money in a safety deposit box essentially, you, the bank and the government have signature on the box. With the government having final say on seizing the funds. EDIT: Are we actually securing virtual currency?- i'm not so sure. Our users backup one of their keys offline and hold the password to decrypt the other one. essentially, THEY are securing it. So, Ninki Wallet enters alpha testing then, this bomb drops:
(n) Virtual Currency Business Activity means the conduct of any one of the following types of activities involving New York or a New York Resident: (1) receiving Virtual Currency for transmission or transmitting the same; (2) securing, storing, holding, or maintaining custody or control of Virtual Currency on behalf of others; (3) buying and selling Virtual Currency as a customer business; (4) performing retail conversion services, including the conversion or exchange of Fiat Currency or other value into Virtual Currency, the conversion or exchange of Virtual Currency into Fiat Currency or other value, or the conversion or exchange of one form of Virtual Currency into another form of Virtual Currency; or (5) controlling, administering, or issuing a Virtual Currency.
In the development of Ninki Wallet we wanted to bring a new level of security and usability to Bitcoin, we decided on a 2 of 3 multi-signature architecture in order to give the user of the wallet ultimate control, provide a layer of services ourselves via countersigning and at the same time limit our exposure in the event of a server hack, ie. even if they get our key, they can't spend our user's funds. Under the definitions proposed by Mr. Lawsky
(2) securing, storing, holding, or maintaining custody or control of Virtual Currency on behalf of others;
I am not 100% sure, but it does appear we fall into the above category, as do other web wallets Storing: we technically store 2 of the 3 private keys but can only access one. The other is AES256 encrypted by the user's password via a salted pbkdf2 and using a CSPRNG to generate the IV for the encryption itself. ie. from our point of view we are storing nothing! Question: Is storing encrypted data the same as storing data? Are we actually storing virtual currency? Securing: We are definitely securing virtual currency Transmitting: We countersign the transactions and broadcast them to the Bitcoin network, we are definitely transmitting. It appears we need a Bitlicense, even if one of our users in Japan sends Bitcoin to a user in New York, we are in breach of these regulations. Given our wallet can send and receive to/from external Bitcoin addresses, how can we possibly ever comply! Someone sets up a wallet account, provides their address and ID, full compliance etc., then someone sends them money from a Bitcoin qt client running in NY which is received in our wallet, we are in breach! So, where to go from here: Option 1: Exclude US IP addresses altogether Users can always use VPN to use our service. All it would take is one incident of a NY user using our site, and we are in breach. Option 2: Try and comply. The demands are way too much for what is essentially a project that aspires to develop into something bigger, we are not in a position to appoint compliance officers etc. I mean, get real! Some of the demands could be automated quite easily, things like reporting transactions over $10,000 involving a NY resident, however we then need to take an address and ID from every user who joins our site- just to prove they don't live in NY! We are not in a position to do that, i mean, think about the logistics there. All kinds of ID from all over the world. Option 3: Give up. Not an option. Also, I guess once these come into effect, blockchain.info and other web wallets, bitgo etc. will be breaking the law as they currently don't ask for addreses/identification. Does anyone have any ideas?
A Bitcoin wallet holds the private key that is used to sign funds by a user. The user will have to manually enter their private key to load the contents of their block or use a wallet that has already loaded the private key. As such, if the key is stolen or the wallet is hacked, the attacker will be able to move virtual funds on the blockchain. ... Japanese wallet service provider Ninki intends to become a social network for payments with Bitcoin. Ninki Wallet: A sneak preview (August 2020). Als ich das erste Mal von Ninkip2p gehört habe, war ich begeistert. Schließlich haben wir eine PGP-Brieftasche, mit der wir unsere Bitcoin-Transaktionen noch sicherer machen können? Welcome to BitcoinWiki. In this category, there are articles about cryptocurrency wallets. There is a review, differences and fees of crypto storages. The quest to find the ultimate mobile Bitcoin wallet is far from over, as there are still plenty of options left to explore. In fact, this series will continue for a few more weeks by the looks of it. Regardless of all that, we will be taking a look at Ninki: The Bitcoin Wallet today. And this mobile Bitcoin wallet packs a ton of security features.
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