These are new product announcements from my main website (Open 24/7/365). We have a life-time warranty / guarantee on all products. (Includes parts and labor). Here you will find a variety of cutting-edge Surveillance and Security-Related products and services. (Buy/Rent/Layaway) Post your own comments and concerns related to the specific products or services mentioned or on surveillance, security, privacy, etc.

Wednesday, January 08, 2014

KryptoKit Wallet Offers "Amazon-Style" One Click Capability To Buying Online With Bitcoin

KryptoKit Wallet Offers "Amazon-Style" One Click Capability To Buying Online With Bitcoin 

"Kryptokit Wallet Is An Open-Source Project. Meaning, Anyone Can Expect The "Source Code" For Flaws, Security Holes, Backdoors, etc."

Monty Henry, Owner

KryptoKit, the browser extension that allows users to send bitcoin payments and encrypted messaging in just a couple of clicks, today announced three big names from the bitcoin world would join the project “in ownership roles”: Roger Ver, Erik Voorhees and Vitalik Buterin.

The move is sure to raise the profile of Toronto-based KryptoKit, which launched in Las Vegas last month. The browser plugin has a five-star user rating on the Google Chrome Web Store, but had been fairly low-key in its marketing tactics until recently.

All three names have worked on numerous bitcoin-related projects and have a personal interest in easy-to-use, private payment systems.


To many in the bitcoin community, these individuals need little introduction. Ver is known around the world for his serial entrepreneurship and bitcoin evangelism. He is CEO of MemoryDealers and has been involved with the Bitcoin Store, BitInstant and Blockchain.info. Ver has also acted as a seed investor on various other projects.

Buterin co-founded Bitcoin Magazine, where he is still a head writer. He has also been involved with bitcoin software projects including pybitcointools, multisig.info and the bitcoin private key secret-sharing utility btckeysplit.

Voorhees is another name long-associated with bitcoin. He is co-founder of Coinapult, a company which allows users to send bitcoins via SMS and email, and is planning to considerably expand its range of offerings.

Voorhees also founded gambling platform SatoshiDice; FeedZeBirds, a bitcoin-based Twitter advertising platform; and Paysius, a Bitcoin payment module.

The three will join co-founders Anthony Di Iorio and Steve Dakh. Di Iorio is Executive Director of the Bitcoin Alliance of Canada and founder of the 400+ member Toronto Bitcoin Meetup group which meets weekly, as well as downtown Toronto co-working space Bitcoin Decentral.

He said he reached out to the three out of admiration for their work building communities and representing bitcoin on the international stage.

“I have a lot of respect for those guys,” Di Iorio said.

“We already had all the funding we needed, but I respected their leadership capabilities and reached out to them. Roger and Erik are probably two of the top Bitcoin spokespeople in the world and will be working with us on business strategy and other areas.”

Simplicity And Ease

KryptoKit promises a frictionless “Simple Bitcoin and Secure Social Network”. There is no need to log in to any service: launched quickly from the browser toolbar, the compact window provides the user with a bitcoin address to load with spending funds and send with one click.

It also searches the page currently being browsed for bitcoin addresses and presents them as a list. Bitcoin data is accessed via the Blockchain.info API and all information is stored client-side, with no central server.

Centralized servers and remote data storage have been the downfall of other ill-fated web wallets in the past.

Another key feature is an encrypted message service based on GPG (GNU Privacy Guard). As with the bitcoin wallet, this is almost instantaneous to set up and use. Users may create new GPG keys or import an existing public-private pair.

KryptoKit also released a video this week demonstrating its ease of use with existing services, like Zynga’s new bitcoin payment trial.

Buterin said he liked KryptoKit as the first in-browser bitcoin wallet that “does it right.” He became interested in the project after writing an article on it for Bitcoin Magazine.

“The ability to not enter any kind of personal information and simply pay in two clicks on the page was always one of the promises of bitcoin for me, and KryptoKit is the first application in my opinion to properly realize the promise.”

“Also, I’ve always been attracted to encrypted messaging technology, and KryptoKit makes encrypted messaging much easier than any other software I’ve used; unlike tools like Enigmail and Gibberbot, I can actually see KryptoKit catching on simply because it’s so much easier to use than many classes of non-encrypted messaging software.”

He promised more features to come soon, including more chat and messaging features that could turn KryptoKit into “the world’s first truly viable encrypted and semi-decentralized social network”.

While KryptoKit is Chrome-only for now, its developers have promised a Firefox version in the coming weeks with extensions for other browsers (eg: Safari) expected after that.

There have been a few Bitcoin wallets available for Chrome and other browsers but how about one that searches for Bitcoin addresses on the pages you visit and allows for one-click payment from your BTC stash? KryptoKit, launched today at the Inside Bitcoin conference in Las Vegas, lets you do just that.

First, KryptoKit allows you to create a Bitcoin wallet that you can use to store your BTC using your browser. It is ostensibly secure – you can set a password that you must enter before the wallet can send out any Bitcoins. It also lets you backup your wallet to a file.

Founded by Anthony Di Iorio and Steven Dakh, the Toronto-based company is trying to make it fast and easy to use BTC with almost any web page. Di Iorio is a member of the Bitcoin Alliance of Canada where he spreads the BTC good news hither and yon.

“There are many Bitcoin wallet services and many vendors who now accept Bitcoin, but very few services marry those two,” said Di Iorio. “KryptoKit is a one-click solution to transferring BTC from your wallet to a vendor. To our knowledge, no one has to this date brought the simplicity of Amazon’s one-click system to shopping online with Bitcoin, and certainly not in the form of a browser extension (and the desktop browser is still a popular destination for people to do their shopping, especially for the holidays).”

Interestingly, the plugin also supports PGP and lets you create a key pair for sending and receiving encrypted messages. Finally, the system can scan a webpage (any of these would show up in the app). It’s not quite as easy as PayPal but it’s a start.

“This could be the ‘Amazon.com’ moment for Bitcoin,” said Di Iorio. With a little more uptake and a little less volatility, he could be right.

In-Browser Bitcoin Wallet And GPG Tools:

An instant Bitcoini wallet and secure instant messaging system that runs right in your browser. KryptoKit is the easiest and fastest Bitcoin wallet to setup and make Bitcoin payments online.

- Create a Bitcoin wallet instantly, no user names or passwords required. Simply move the mouse around the extension window to create a new Bitcoin wallet address

- Client Side Encryption - All user data is stored client-side and never sent to any servers.

- Funding your new KryptoKit wallet is a breeze. Simply deposit using the provided address or by using the convenient QR code

- Make Bitcoin payments on the Fly. KryptoKit extracts Bitcoin addresses from the pages you are viewing and puts them in a convenient bulleted list right in your wallet window. 

- No more copying and pasting addresses when making payments. Simply click the payment address you wish to make a payment to, enter in the amount then send. It couldn't be easier!

- Optional brainwallet feature allows you to create, import, or export a brainwallet. With KryptoKit now you can remember a phrase, (make sure its unique, secure and long enough) install KryptoKit anywhere in the world and have access to you bitcoins 

- Optional setting to password protect your wallet. If enabled a password would be required to send bitcoins out from your wallet

- One click backup of all your Kryptokit data

- Send message to you friends with the build-in secure messaging system which runs alongside the wallet. KryptoKit makes GPG encryption easy to setup and use. Simply generate a new GPG key and, like your email address, share your public key with anyone you wish to communicate securely with.

- Instant message notifications appear right in your browser!

- Top Bitcoin news and Reddit posts.

- Bitcoin Market Charts in multiple currencies!

- Donate to Sean's Outpost within the extension

-- NEW as of v.27 --

- Right click context menu on selected text for instantly PGP encrypting.

- Desktop notifications so you get updates when you get a new message no matter what window you have open.

GPG Protocol

As a Chrome extension, the Kryptokit wallet is an open-source project. Users can create their bitcoin addresses by moving their mouse around the screen. This, along with a random number generator, creates each user’s address.

The system also has another tab, for secure messaging. This uses GPG (the open-source version of the Pretty Good Privacy protocol developed by Phil Zimmerman) to secure messages between its users.

Users generate a GPG key from within their wallet, but they can also import them from elsewhere. The GTG key can be used to encrypt messages that are sent to other Kryptokit users.

One of the disadvantages of this system, for now at least, is that it isn’t possible to email non-users of the software.

However, one of the benefits is that there’s no SMTP (Simple Mail Transfer Protocol) header to worry about. SMTP, used for routing email around the Internet, is a notoriously leaky protocol that divulges lots of information about senders.

Integration with conventional email systems is something that Di Iorio hopes to introduce in time, using an Open PGP encryption system called Mailvelope.

Other future features may also include a social networking service to unite the wallet’s users, and a password management system to store login credentials for other sites. This system would only store them on the user’s local desktop machine, however.

No Server-Side Storage

GPG-encrypted messages reside on Kryptokit’s servers until they are collected by the recipient, says Di Iorio. After that, they are deleted.

“Let’s say the government wants to take down our server. They can take it. It’s all encrypted and they wouldn’t be able to see anything. This is why I say it’s all NSA-proof,” Di Iorio said, adding that GPG keys and bitcoin private keys are never stored on his central computers.

Monty Henry, Owner


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