Planning to cook something cool on BitCoin later this year🤔 Curious what yall think about…

1NBC9L7PR7taQWdDv4opowUawb3Hmw1Yqp (14238) · February 16, 2020

Planning to cook something cool on BitCoin later this year🤔
Curious what yall think about cloud service providing "managed outer loop"? Like GearSV on steroids😏

Replies

1NBC9L7PR7taQWdDv4opowUawb3Hmw1Yqp (14238) · February 16, 2020

Contracts' keys would be stored on the managed environment HW secured, and it contradicts with anarchists "not your keys - not your coins", but it's just another corecoiners' lie - evidence trail and consensus are there.

1NBC9L7PR7taQWdDv4opowUawb3Hmw1Yqp (14238) · February 16, 2020

And of course, it all lays out properly for licensed entities. If you have a "client money" permission - you will have a "custodial" cold wallet to manage them.

1NBC9L7PR7taQWdDv4opowUawb3Hmw1Yqp (14238) · February 16, 2020

Nevertheless, better to not store the keys, security risks are higher if we do. However, adoption and convenience shouldn't be sacrificed.

1NBC9L7PR7taQWdDv4opowUawb3Hmw1Yqp (14238) · February 16, 2020

And if to think about just hosting GearSV (or GearSV-like) contracts, - imagine implementing a proper escrow, or tokens exchange. And anyways - the right implementation of tokens is Tokenized (daemon replying with OP_RETURN), not GearSV.