|
Title: what is BIP91? how can i keep my Bitcoin safe? Post by: AceKnight on July 21, 2017, 05:10:01 PM I just heard about BIP91, I have no idea what this is, would anyone explain this to me? should i be worried?
and why is it everywhere that i should have the private key to my bitcoins? I keep my BTC at coinpayments.net. i don;t have the private key to my bitcoins. what should i do? Thanks Title: Re: what is BIP91? how can i keep my Bitcoin safe? Post by: TryNinja on July 21, 2017, 05:15:12 PM I just heard about BIP91, I have no idea what this is, would anyone explain this to me? should i be worried? https://themerkle.com/what-is-bip91-and-why-does-it-matter/https://bitcoinmagazine.com/articles/bip-91-has-activated-heres-what-means-and-what-it-does-not/ and why is it everywhere that i should have the private key to my bitcoins? I keep my BTC at coinpayments.net. i don;t have the private key to my bitcoins. what should i do? I believe we won't be getting a chain split anytime soon. But regardless, you should be storing your coins in an offline wallet and not on a web wallet. Download Electrum, backup your seed phrase and store your coins in your new wallet. Title: Re: what is BIP91? how can i keep my Bitcoin safe? Post by: AceKnight on July 21, 2017, 05:36:59 PM Thank You for you reply, I understand now :)
i'll save my BTC rightaway Title: Re: what is BIP91? how can i keep my Bitcoin safe? Post by: justmint on July 21, 2017, 06:31:20 PM It is always recommended to store your bitcoin inside a wallet, on which you own the private key.
The reality is, anything else than that means you have to rely on a third party that could get hacked, or simply get you in troubles, should a fork happen, and so a chance to lose your coins. This is the difference between centralization and decentralization. |