Show HN: Balances – Mint for Bitcoin and other cryptocurrencies • Hacker News Board

Re: Show HN: Balances – Mint for Bitcoin and other cryptocurrencies

#31

Post by jnbiche » Thu, Jul 24, 2014, 10:30 AM UTC

ps4fanboy wrote: post #29

bjeanes wrote: post #28

And just like that your wallets aren't anonymous anymore or at least are tied to each other beyond transactions between them. Seriously, though, this is kinda neat.

Wallets arent anonymous they are all in the block chain.

Incorrect. There are no "wallets" on the blockchain. In fact, the blockchain is not even organized by address. The blockchain is simply a ledger of inputs and outputs, most of which refer to a certain address or addresses (but not to wallets).

If someone uses a new Bitcoin address for each transaction, there is no way outside of statistical analysis (which may not even work in many cases) to know which addresses belongs to which wallets.

Re: Show HN: Balances – Mint for Bitcoin and other cryptocurrencies

#32

Post by martin_ » Thu, Jul 24, 2014, 4:33 PM UTC

ianhirschfeld wrote: post #14

martin_ wrote: post #13

It doesn't show any of the BTC I purchased from coinbase, only the $20 worth I got via TinkerCoin

Is it possible you have more than one account/wallet on Coinbase? We currently only pull 1 account from Coinbase (whichever one is your first). We are working on making it pull all your accounts.

Nope, only one! I definitely clicked "get address" on a wallet which had significantly more bitcoin.

Re: Show HN: Balances – Mint for Bitcoin and other cryptocurrencies

#33

Post by wellsosaurus » Thu, Jul 24, 2014, 5:02 PM UTC

martin_ wrote: post #32

ianhirschfeld wrote: post #14

Earlier quoted context omitted.

Is it possible you have more than one account/wallet on Coinbase? We currently only pull 1 account from Coinbase (whichever one is your first). We are working on making it pull all your accounts.

Nope, only one! I definitely clicked "get address" on a wallet which had significantly more bitcoin.

Did you use the Coinbase integration[0] or add an address from Coinbase manually? The latter will likely not work due to the way Coinbase generates addresses for each transaction.

[0]: https://balances.io/coinbase/auth

Re: Show HN: Balances – Mint for Bitcoin and other cryptocurrencies

#34

Post by wellsosaurus » Thu, Jul 24, 2014, 5:07 PM UTC

ch0wn wrote: post #25

frozenport wrote: post #21

We can only pray that your crypto is good. Recall the problems that bigger sites had.

Since they don't touch private keys at all I don't think they'll be that big of a target.

Correct. Though there is an issue of plausible deniability if we do get breached, assuming a user who absolutely requires it used a username that can be tied back to them. We're working on a solution for that.

If you require plausible deniability to be safe or avoid incarceration, I would recommend not using Balances at this time – I obviously can't guarantee that we are safe from a very motivated intruder, but we have taken many paranoid precautions to avoid such a breach.