Spinner

Private transactions for ICP and BTC

[Spinner @spnrapp]

1/ We have switched https://t.co/Kr32V1LViq 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!

[Spinner @spnrapp]

@cryptoschindler @dgdg_app @foundermod @ckSolrak @BobBodily @EasyStevie_e @lomeshdutta @dominic_w @domiwoe As far as we know, @Mora_App is using their own fork of launchtrail

[Spinner @spnrapp]

Very creative indeed!

[Dominic Wörner @domiwoe]

Besides DIDA, it’s pretty cool to see a dapp on ICP that leverages passkeys directly without relying on Internet Identity.

I think it’s the first time I’ve seen this.

[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.

[Spinner @spnrapp]

Calling out to everyone who felt stuck with the vetKey development, please help fill out this survey!

[DFINITY Developers ∞ @DFINITYDev]

🔐 vetKeys allow developers to build fully decentralized E2E encrypted services on #ICP 👀

Interested in leveraging vetKeys in your projects? Fill out this survey:👇https://t.co/ht10DSMVOX

Learn more about vetKeys: https://t.co/PQUETjm3Uh

[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).

[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 https://t.co/KlE4H7GuF6 (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 https://t.co/KlE4H7GuF6 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!

[Spinner @spnrapp]

@domiwoe @JanCamenisch @VictorShoup

[Spinner @spnrapp]

@sayitkind If you have ever used v2 (i.e. the current version), your v1 balance was already transferred over.

[Spinner @spnrapp]

https://t.co/N5Egq7z1kk 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, https://t.co/N5Egq7z1kk 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!

[Spinner @spnrapp]

It is that time again 😁 We have evaluated NNS Proposal #123252 submitted by @hotornot_dapp for creating an SNS DAO and issuing $HOT tokens. Full report 👇👇

https://t.co/onulkEdtXU

Needless to say, pls DYOR #ICPeople

[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

[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

[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.

[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.

[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

[Spinner @spnrapp]

We have evaluated NNS Proposal #122749 submitted by @kinic_app for creating an SNS DAO and issuing $KINIC tokens. Full report 👇👇👇

https://t.co/82yRnoX8NW

It is but one opinion. As always, pls DYOR #ICPeople

[Spinner @spnrapp]

We have evaluated NNS Proposal #122343 submitted by @sonic_ooo for creating an SNS DAO and issuing $SOC tokens. Full report 👇👇👇

https://t.co/Ns8COnkY4b

It is but one opinion. As always, pls DYOR #ICPeople

[Spinner @spnrapp]

@weedpatchtwo @ICDevs_org @BobBodily @sayitkind @8YearGangDAO @ArthurFalls @AI_ccp251th @py @crypto_is_good @icpleague_com Thanks for sharing your opinion. "Case by case" is exactly what triggered our questions:

* On what basis do we make decision for each case?
* Where is the boundary? How to define the boundary?
* Considering a hierarchy of DAOs, shouldn't NNS leave applications to their own DAO?

[Spinner @spnrapp]

1/ Calling all votes and named neurons, please vote NO on proposal https://t.co/jzordLToQu

@ICDevs_org @BobBodily @sayitkind @8YearGangDAO @ArthurFalls @AI_ccp251th @py @crypto_is_good @icpleague_com

If passed, it threatens the very principal of governance

Find out why 👇👇👇

[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.