I was amazed by this news, I thought that hardware wallets are top secure for saving our bitcoins, Indeed, I thought to buy one in the future, but after reading this PDF. I will keep my bitcoin in some web wallets as I don't have too much, in the same time, I will search for the secure wallet from now on. Web wallets are much worse. Just use Bitcoin Core, or other similar software. Web wallets have many more attack vectors than local software.
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I've never seen Stake or Primedice require documents for large withdraws/wins, have I missed something? I've never played on either site and I'm not familiar with that but this isn't something I would expect them to do.
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I think that hardware wallets happen to be very much so in the spotlight right now. Let's not forget that there was also an Electrum vulnerability found and patched recently. I believe that part of this has to do with how long hardware wallets have existed compared to their software counterparts, and how much time people have spent researching them.
Personally, I trust hardware wallets more than software wallets still. I'm not sure they're inherently insecure, but I don't believe they're perfect either. I think as far as security versus convenience, they rank pretty high up there on my list.
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No offense, but if you don't already know how to be creating an exchange, you probably shouldn't be trying to do so. It's a very difficult undertaking that requires a lot of knowledge of programming and cryptocurrencies.
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Edit:
After 1+ hour of "upgrade" I stuck first on Restoring MCU/Bootloader,after 20 min I close Ledger Manager and disconnect Ledger.Then I move to Update screen,but nothing on LM.There seems to be a problem with Ledger drivers,so if you are on Windows go to Control Panel\System and Security\System >Device manager and under Human Interface Devices - USB Input Device check for any device with yellow mark/click on remove.Then open Ledger Manager and connect Ledger,you should see processing on Ledger screen and for me it was finished in 2-3 minutes.
Thank you so much for this post. I though my ledger nano was broken or something and I emailed support but then I came here, tried what you did and the problem is solved now. Much faster that Ledger support. You're welcome,I was in same situation like you and I was thinking that I brick my Ledger at one point.But fortunately there were some users who had the same problems so I found the solution.It is obvious that the process of firmware upgrade did not go smoothly for most of users-but it was mostly dependent on an individual user and his OS,device or Ledger servers at some point. I also must say that based on my experience Ledger support is not of some help,in fact all that can interest the user is available on their site,so before contact them it is better to check their knowledge base. I've seen them be more responsive on their subreddit, I think it's /r/ledgerwallet. You'll have better chances of finding someone else that's had the same problem too.
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A full, unpruned Bitcoin node which is maintaining a transaction index, in addition to lightning node software (lnd, c-lightning, etc.). It can be done for around $100 or less by using a raspberry pi and an external hard drive to store the blockchain, although I'm not sure if I'd recommend it because running a node, especially the initial sync is very demanding.
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@Stunna I am curious about something. Provably fair, at least in my mind means - gambling session with unchanged client seed + unchanged server seed while only nonce changes. Is this correct?
Provably fair only means that the user can prove that the game was fair. There could be / are other ways to do this other than the standard client & server seed model (some only work for specific types of games, i.e. lottos). However, what you mentioned is the most common and regarded as better than most because it is much easier to verify.
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You should create a new Electrum wallet, one that is not based on your old private key. This new wallet will have a seed instead, which makes backing up your wallet much easier. (You should not re-use that private key from Multibit, it's poor security practice and a new Electrum wallet would be a better idea). Just go through the standard steps of creating a new Electrum wallet (File > New > etc.)
Then, follow the instructions in that video to sweep your old multibit wallet into your new Electrum wallet. You do not need to worry about compressed/uncompressed private key formats because a sweep creates a new transaction instead of importing the private key from your old multibit wallet into Electrum. Imagine taking your cash out of one wallet and placing it in another instead of carrying around both wallets.
Feel free to post any further questions
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I hope they release new currencies apps soon.
Ledger is always looking forward to add support for different cryptocurrencies. For example, looks like they are already working on adding XMR, DCR and ADA. As far as i know the application itself for XMR is already done and being tested. In addition to DCR and ADA, ledger is going to support NANO soon TM (network update followed by application starting to get tested). Ledger support for nano might push me to buy some. I think ledger adding support for cryptos is a big deal for a lot of them.
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The problem with quantum computing is you can't ignore it forever. Once it gets fast enough, an attacker could find your private key from your public key in the time between you broadcasting your transaction and it being confirmed, then performing a double-spend with a higher fee. Once it gets to that point, there would be no way to safely transact anymore.
Although then it would be a fight between the other person who also has a QC and they will be rebroadcasting with an ever higher fee, thus negating the whole thing. I wouldn't say it would be "negated", by this point, Bitcoin would be very dead. Nothing could bring it back at this point, a hard fork to another algorithm wouldn't even be able to save it if this happened first.
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The problem with quantum computing is you can't ignore it forever. Once it gets fast enough, an attacker could find your private key from your public key in the time between you broadcasting your transaction and it being confirmed, then performing a double-spend with a higher fee.
I do not believe quantum computers will ever become THAT fast. That would mean the attacker would have to solve the ECDSA problem in less than 5 minutes! And if that would ever become possible, it would be easy to just somehow prevent the network from accepting double spends... Also. Do you really think the owner of a quantum computer would bother to steal those small everyday transactions, when he could just empty some addresses containing about 100000 BTC each, there are several of those, that have published their pulic key.... I do believe that coins would be stolen from the large addresses first. Also, in doing that, Bitcoin would very quickly lose a lot of value. Once people know that their keys can be cracked, Bitcoin has failed. Hopefully we can hard fork to a quantum-proof algorithm before we get to that point.
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I'm not sure there is a way to, because I don't think the ledger displays the contract data being sent.
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I have found myself a wallet, as a plugin in ur browser, it is easy and comfortable to use
You're probably majorly trading security for convenience there. I wouldn't trust any wallet that ran as a browser plugin/extension.
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The problem with quantum computing is you can't ignore it forever. Once it gets fast enough, an attacker could find your private key from your public key in the time between you broadcasting your transaction and it being confirmed, then performing a double-spend with a higher fee. Once it gets to that point, there would be no way to safely transact anymore.
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Sounds like you're talking about hibernation. It's not quite a full reboot, but basically during hibernation the computer saves everything in memory to the hard disk, then shuts down. When it powers back on, it loads the saved data back into memory and the computer is just like it was before hibernation.
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Yes, it's generally a bad idea to use the same port number as another coin. Many clients will automatically try to connect to the incorrect port, or they may try to connect to the correct port but reach the client of another coin.
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I don't really trust hardware wallets, that's why I don't own one. My main reason is the lack of open-source for example, Ledger wallet is only partial open-source. That means that there is still some code running on the hardware that you can't verify. Besides that, they are quite expensive compared to air-gapped machines that only require an old PC. I have more fate in a computer, without internet capability running a wallet compiled from source (Armory) than pre-configured hardware. Armory allows you to sign transactions on your air-gapped machine and managing your wallet on an online PC without sign access (watching-only).
Hardware wallets are somewhere between airgapped computers and encrypted wallet files. They certainly add a level of convenience, especially for all of the coins the support. Also, a ledger nano s for example is much cheaper than any laptop/very cheap desktop you'd find, I don't think it's fair to assume that everybody would have an old computer lying around.
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Small UI suggestion,
Change "Withdraw now" to "Withdraw later" or some other variation of "later" when the batch withdraw method is selected instead of instant. "Now" gives the impression that the withdraw will be sent immediately, like the instant method but the batch method does not work that way.
I don't think this is some sort of breakout feature , it's pretty obvious i see what you are pointing towards but currently it isn't a break out feature Thus " Small UI suggestion"
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Small UI suggestion,
Change "Withdraw now" to "Withdraw later" or some other variation of "later" when the batch withdraw method is selected instead of instant. "Now" gives the impression that the withdraw will be sent immediately, like the instant method but the batch method does not work that way.
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I just got the nano ledger s at the moment. Ordered it from the actual website so it was sent from france to here. Had it expedited as well shipping. I noticed that it is actually wrapped in packaging as in you need to rip it open or take a scissor etc. Do you know if this is new? I heard from others there is nothing over it and its suppose to come with just the box? But those are only ppl who got it off amazon right? So the ones that come from france does have it in closed packaging like imagine you bought a new iphone and you have to rip off that plastic packaging?
I ordered mine straight from the website and iirc it did come in a shrink-wrapped box. However, Ledger does not use a tamper-proof seal, because the hardware does the tamper checking.
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