Right, I was mainly thinking of the Bitcoin holdings of NMDF. Namecoin holdings would not work with multisig for the reason you give. Given that Bitcoin Core and NamecoinQ/Core generate new change addresses on each transaction, a wallet backup only is good until the keypool refills, and even then it only defends against wallet loss (not seizure or theft). Bitcoin multisig is still an improvement, even if Namecoin multisig has to wait until the upgrade.domob wrote:Multisig is not yet enforced on the Namecoin network, so at least for NMC funds it won't work until we do the (somewhat planned) fork to switch a few more things with the upgrade to Namecoin Core. That said, I got some wallets from phelix some time ago and hold them as a backup plan. I don't know if this just corresponds to the "exchange page payments" (those for sure) or also the NMDF funds in general.biolizard89 wrote:And now, time for a hypothetical question. What happens if Phelix is hit by a bus, arrested, blackmailed, or has his wallet stolen? What then happens to NMDF's funds? I don't think this is likely, but should we be investigating other options such as multisig for NMDF? For example, having funds be accessible via 2-of-3 with Phelix, Daniel, and myself would potentially be more secure against such scenarios.
[NMDF] Namecoin Marketing and Development Fund
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- Posts: 2001
- Joined: Tue Jun 05, 2012 6:25 am
- os: linux
Re: [NMDF] Namecoin Marketing and Development Fund
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- Posts: 2001
- Joined: Tue Jun 05, 2012 6:25 am
- os: linux
Re: [NMDF] Namecoin Marketing and Development Fund
Partial reimbursement sent to NMDF.biolizard89 wrote:Hello Phelix. Is it okay if FSM partially reimburses NMDF for this expense? I have approximately 0.26 BTC (depending on exchange rate, I'm waiting for my USD/BTC trade to finalize) earmarked for "marketing", which I think this clearly falls under. I can send NMDF that amount if that works for you.phelix wrote:Sent 0.385BTC to Ryan to cover for a two year namecoin.org wildcard SSL certificate. Unfortunately I had to send it from another address so I will have to do a resync transaction from the donation address, soon.
Re: [NMDF] Namecoin Marketing and Development Fund
NMDF says thanks.biolizard89 wrote:Partial reimbursement sent to NMDF.biolizard89 wrote:Hello Phelix. Is it okay if FSM partially reimburses NMDF for this expense? I have approximately 0.26 BTC (depending on exchange rate, I'm waiting for my USD/BTC trade to finalize) earmarked for "marketing", which I think this clearly falls under. I can send NMDF that amount if that works for you.phelix wrote:Sent 0.385BTC to Ryan to cover for a two year namecoin.org wildcard SSL certificate. Unfortunately I had to send it from another address so I will have to do a resync transaction from the donation address, soon.
About fund security: IMHO it is more important to spend some of the money than to try to make it unproportionaly secure. At least unless Bitcoin/Namecoin rises significantly. That said I suggest to give a disc/paper copy of the BTC keys to Cassini (because I might be able to give them to him in person).
Re: [NMDF] Namecoin Marketing and Development Fund
Moved the NMDF wallet to Electrum and sent Domob a copy of the seed (securely).
Also I created a pull request for a new NMDF donation address on the homepage (see signed address below).
Updated the NMDF spreadsheet. I reimbursed myself for the hosting costs I paid for (at current price which made some profit for NMDF).
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA256
18kYBKu2pvj9XRRaAfUMbkm72QniwW2Dre
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v2
iQEcBAEBCAAGBQJYG0SKAAoJEMv5QLdyEy4YT5EH/jcFhkJ4/OJyXIgubCpJBFCJ
t0xH1PUxk/EPb+jG9vQ0AmOC9BCVWeYxvIgiS4l+KbfxqOT1ZyocJne/BBrKrbVo
tuAhJLDJ2/yl0HKj57ZOyxo9zVwa4Xk6ughvIgZzY815tfHE8H6bD3nT0Ch8cdbK
zCUbhHRg0e+vZXgEPrxreWU8M+VzrD+tzL/wr22Xwxq5rNhuIUhTGINxj9JpZ31T
YiIrO8fmH1FiIsG79NAoyOCoVfv+avBf5cJaM8jkEL/YaPQUOq2lDXPcicNu9HIs
2a4whFvCD1lIsTzGWIOYE6sY5dPvCEk61kcRn8r8GuTxecxR80Ai9CHulwKF844=
=0VuV
-----END PGP SIGNATURE-----
edit:
Also I finally deducted the 0.385BTC that I had paid to Ryan from some other wallet (see post above).
The resulting ~4.03BTC I sent to 1PJPqfW2WWKrEe71zspuUUhLssz6PHokeM which is part of said Electrum wallet.
Also I created a pull request for a new NMDF donation address on the homepage (see signed address below).
Updated the NMDF spreadsheet. I reimbursed myself for the hosting costs I paid for (at current price which made some profit for NMDF).
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA256
18kYBKu2pvj9XRRaAfUMbkm72QniwW2Dre
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v2
iQEcBAEBCAAGBQJYG0SKAAoJEMv5QLdyEy4YT5EH/jcFhkJ4/OJyXIgubCpJBFCJ
t0xH1PUxk/EPb+jG9vQ0AmOC9BCVWeYxvIgiS4l+KbfxqOT1ZyocJne/BBrKrbVo
tuAhJLDJ2/yl0HKj57ZOyxo9zVwa4Xk6ughvIgZzY815tfHE8H6bD3nT0Ch8cdbK
zCUbhHRg0e+vZXgEPrxreWU8M+VzrD+tzL/wr22Xwxq5rNhuIUhTGINxj9JpZ31T
YiIrO8fmH1FiIsG79NAoyOCoVfv+avBf5cJaM8jkEL/YaPQUOq2lDXPcicNu9HIs
2a4whFvCD1lIsTzGWIOYE6sY5dPvCEk61kcRn8r8GuTxecxR80Ai9CHulwKF844=
=0VuV
-----END PGP SIGNATURE-----
edit:
Also I finally deducted the 0.385BTC that I had paid to Ryan from some other wallet (see post above).
The resulting ~4.03BTC I sent to 1PJPqfW2WWKrEe71zspuUUhLssz6PHokeM which is part of said Electrum wallet.
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- Posts: 2001
- Joined: Tue Jun 05, 2012 6:25 am
- os: linux
Re: [NMDF] Namecoin Marketing and Development Fund
Thanks Phelix!phelix wrote:Moved the NMDF wallet to Electrum and sent Domob a copy of the seed (securely).
Also I created a pull request for a new NMDF donation address on the homepage (see signed address below).
Updated the NMDF spreadsheet. I reimbursed myself for the hosting costs I paid for (at current price which made some profit for NMDF).
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA256
18kYBKu2pvj9XRRaAfUMbkm72QniwW2Dre
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v2
iQEcBAEBCAAGBQJYG0SKAAoJEMv5QLdyEy4YT5EH/jcFhkJ4/OJyXIgubCpJBFCJ
t0xH1PUxk/EPb+jG9vQ0AmOC9BCVWeYxvIgiS4l+KbfxqOT1ZyocJne/BBrKrbVo
tuAhJLDJ2/yl0HKj57ZOyxo9zVwa4Xk6ughvIgZzY815tfHE8H6bD3nT0Ch8cdbK
zCUbhHRg0e+vZXgEPrxreWU8M+VzrD+tzL/wr22Xwxq5rNhuIUhTGINxj9JpZ31T
YiIrO8fmH1FiIsG79NAoyOCoVfv+avBf5cJaM8jkEL/YaPQUOq2lDXPcicNu9HIs
2a4whFvCD1lIsTzGWIOYE6sY5dPvCEk61kcRn8r8GuTxecxR80Ai9CHulwKF844=
=0VuV
-----END PGP SIGNATURE-----
edit:
Also I finally deducted the 0.385BTC that I had paid to Ryan from some other wallet (see post above).
The resulting ~4.03BTC I sent to 1PJPqfW2WWKrEe71zspuUUhLssz6PHokeM which is part of said Electrum wallet.
Is there a single list of NMDF's current liabilities (i.e. bounties that are announced but not yet awarded)? (I'm mainly trying to figure out how much NMDF has that is available for new bounties/projects.) Might be useful to put this info in the spreadsheet, perhaps?
Re: [NMDF] Namecoin Marketing and Development Fund
It should all be in the cornucopia thread: https://forum.namecoin.info/viewtopic.php?p=14754biolizard89 wrote:Thanks Phelix!phelix wrote:Moved the NMDF wallet to Electrum and sent Domob a copy of the seed (securely).
Also I created a pull request for a new NMDF donation address on the homepage (see signed address below).
Updated the NMDF spreadsheet. I reimbursed myself for the hosting costs I paid for (at current price which made some profit for NMDF).
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA256
18kYBKu2pvj9XRRaAfUMbkm72QniwW2Dre
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v2
iQEcBAEBCAAGBQJYG0SKAAoJEMv5QLdyEy4YT5EH/jcFhkJ4/OJyXIgubCpJBFCJ
t0xH1PUxk/EPb+jG9vQ0AmOC9BCVWeYxvIgiS4l+KbfxqOT1ZyocJne/BBrKrbVo
tuAhJLDJ2/yl0HKj57ZOyxo9zVwa4Xk6ughvIgZzY815tfHE8H6bD3nT0Ch8cdbK
zCUbhHRg0e+vZXgEPrxreWU8M+VzrD+tzL/wr22Xwxq5rNhuIUhTGINxj9JpZ31T
YiIrO8fmH1FiIsG79NAoyOCoVfv+avBf5cJaM8jkEL/YaPQUOq2lDXPcicNu9HIs
2a4whFvCD1lIsTzGWIOYE6sY5dPvCEk61kcRn8r8GuTxecxR80Ai9CHulwKF844=
=0VuV
-----END PGP SIGNATURE-----
edit:
Also I finally deducted the 0.385BTC that I had paid to Ryan from some other wallet (see post above).
The resulting ~4.03BTC I sent to 1PJPqfW2WWKrEe71zspuUUhLssz6PHokeM which is part of said Electrum wallet.
Is there a single list of NMDF's current liabilities (i.e. bounties that are announced but not yet awarded)? (I'm mainly trying to figure out how much NMDF has that is available for new bounties/projects.) Might be useful to put this info in the spreadsheet, perhaps?
As people are supposed to talk to us before starting work it should not be an issue.