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Title: Wallet for bounty Post by: boranes on November 07, 2017, 05:06:08 PM I've read this in bounty topic and I couldn't find anything about it:
Quote General Guidelines for Wallets and using them in Bounties 1. Never put your private key in the spreadsheet, instead only use the public key. 2. Never use the wallet you use to store your investments for Bounties. 3. Never use the same wallet for more than one project if you are using it for Bounties. 4. Do not use exchange wallets or any third party wallets. Can anyone explain 2 and 3? Why is it not safe to use the same wallet for bounties? Title: Re: Wallet for bounty Post by: olushakes on November 07, 2017, 07:31:01 PM I've read this in bounty topic and I couldn't find anything about it: Quote General Guidelines for Wallets and using them in Bounties 1. Never put your private key in the spreadsheet, instead only use the public key. 2. Never use the wallet you use to store your investments for Bounties. 3. Never use the same wallet for more than one project if you are using it for Bounties. 4. Do not use exchange wallets or any third party wallets. Can anyone explain 2 and 3? Why is it not safe to use the same wallet for bounties? In my opinion, I think the crux of what its being said there is to avoid compromise because if you have your investment and bounties in the same wallet if by mistake you compromise the private key which then everything is gone. Also, using the same wallets for several projects still boils down to compromise because I personally would not subscribe to opening several ETH accounts because I want to participate in bounties of several ETH tokens which after it has been distributed, you will need minimum balance in your ETH wallet yo transfer to whatever exchange site you want to use. Title: Re: Wallet for bounty Post by: BitSat on November 07, 2017, 07:35:13 PM I've read this in bounty topic and I couldn't find anything about it: Its just guideline for users nothing else because if by mistake you enter private key then some one can steal this all and its can create problems for you better try to use myetherwallet for bounties and put your investments in other wallets I am personally using just one address for some time and never have any problem with this Quote General Guidelines for Wallets and using them in Bounties 1. Never put your private key in the spreadsheet, instead only use the public key. 2. Never use the wallet you use to store your investments for Bounties. 3. Never use the same wallet for more than one project if you are using it for Bounties. 4. Do not use exchange wallets or any third party wallets. Can anyone explain 2 and 3? Why is it not safe to use the same wallet for bounties? Title: Re: Wallet for bounty Post by: batang_bitcoin on November 07, 2017, 10:35:57 PM I've read this in bounty topic and I couldn't find anything about it: Quote General Guidelines for Wallets and using them in Bounties 1. Never put your private key in the spreadsheet, instead only use the public key. 2. Never use the wallet you use to store your investments for Bounties. 3. Never use the same wallet for more than one project if you are using it for Bounties. 4. Do not use exchange wallets or any third party wallets. Can anyone explain 2 and 3? Why is it not safe to use the same wallet for bounties? [2] As most of the ICOs are scams and it's not really worth to put that much money. If you are planning to spend big amount on ICO's better forget that plan and go with bitcoin. [3] Just like in bitcoin, it's better to scatter most of your token's / alt coins and don't store it on a single place cos' an attack might happen and you can lose all of them and that's a really sad thing if it will happen. But the decision still goes to you, these are guidelines so that our life will become safer and easier. Title: Re: Wallet for bounty Post by: boranes on November 08, 2017, 02:48:56 PM [2] As most of the ICOs are scams and it's not really worth to put that much money. If you are planning to spend big amount on ICO's better forget that plan and go with bitcoin. Excuse me, but where did you read I need investment opinion? Where did I said that?[3] Just like in bitcoin, it's better to scatter most of your token's / alt coins and don't store it on a single place cos' an attack might happen and you can lose all of them and that's a really sad thing if it will happen. I asked WHY and your answer is "it's better to scatter then store" ???What kind of attack can happen? Quote But the decision still goes to you, these are guidelines so that our life will become safer and easier. Why do you keep repeating word "decision"? Question was very simple. @bitsat Quote because if by mistake you enter private key then.. I thought it was because of this, but I was curious maybe someone knows something more or any other technical reason. Locking this topic. |