I have legitimately used this with my family. Why is it so hard for people to understand the concept of currency (meaning that bitcoin is a currency)? Bitcoin is backed by the same thing as USD... hope.
I thought USD was backed by aircraft carriers? |
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Is there anyway to confirm whether Satoshi has spent in BTC? All transactions are anonymous so unless he/she comes out and admits it the world will never know
We'll know if the price takes a sudden dive. He is rumoured to control at least a million btc. |
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Remember that post on ning earlier in the year when the whole dorian nakamoto saga was going on? It looks like the real satoshi is both alive and well and keeps up to date with what's going on with his invention. So I think he will cash out when he feels the time is right. I hope he does it gradually or the price will crash!
Another possibility is that the "real satoshi" is actually a sovereign state and their holdings will be converted into a reserve of some sort. Will be quite ironic if a government has Bitcoin by the short and curlies!
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No. If you want to secure the wallet, you should move its funds out into a new wallet asap. As stated earlier, locally changing the wallet's password from A to B does not secure the wallet if a stranger owns the wallet.dat file which was encrypted with password A and knows password A. If you change it to B, that has no effect on the compromised wallet.
What will the best way to move funds, rename old wallet.dat let the QT create a new one, generate a new address on the new wallet and then go back to old wallet transfer to new wallet? Yes, except that you should set a password on the new wallet before you send the bitcoins over. |
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^^ Pretty good stuff that. Way to go dabura667!
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hi guys western union accepted  PMed. |
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It's not a good idea to do this with a non-deterministic wallet. Each time you send bitcoins, bitcoin-qt generates new private keys to add to the key pool. These are entirely random. Eventually the two wallet copies will diverge and you'll have different private keys in them. It'll be very confusing and you risk loosing bitcoins.
If you want to share a wallet on different computers use either a web wallet or a deterministic one like electrum.
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If you have to receive money from multiple people you reuse a single address. This is how everyone does it. The anal retentive among us can do multiple addresses but you don't have to be like that. If you have toxic waste to dispose of just dump it in the East River. This is how everyone does it. The anal retentive among us can properly dispose of their waste, but you don't have to be like that. Thanks for proving me right: Alternately you can add to the privacy pollution by giving out a single static donation address. That's a solution that's easy for you and will cause harm to other people in the future, but lots of other people are doing it...
I don't think a newbie should have to worry about this when he's just getting started. |
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i have not deleted or uninstalled anything yet, i did use the seed to put my wallet on a backup computer... should i delete the .exe and then download the .exe again and then put those two files back in?
No, don't delete the .exe. I never told you to do that. I told you to install electrum if it was uninstalled previously. Backup the wallet folder and then delete the original. Run electrum and if it starts up restore from seed. That's what I've written above. well how do i uninstall it- it is not in the list of programs so i am unable to select uninstall It seems you have difficulty understanding me. I'm sorry I can't help you. |
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Google bitcoin rich list.
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This stuff is getting waaaay too complicated and insecure for the average user.
I now doubt seriously that bitcoin can become main stream with all the problems with it.
Oh well
Let me spell it out for you: - Pick an address in your wallet - Send said address to all the people you want to receive money from - Profit Don't worry about the privacy aspect of it. If you have to receive money from multiple people you reuse a single address. This is how everyone does it. The anal retentive among us can do multiple addresses but you don't have to be like that. edit: And, for future reference, don't post in this section of the forums. This is for technical people. Yo should have posted in beginners and help and you would have gotten answers more appropriate for a newbie. |
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i have not deleted or uninstalled anything yet, i did use the seed to put my wallet on a backup computer... should i delete the .exe and then download the .exe again and then put those two files back in?
No, don't delete the .exe. I never told you to do that. I told you to install electrum if it was uninstalled previously. Backup the wallet folder and then delete the original. Run electrum and if it starts up restore from seed. That's what I've written above. |
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ok done- nothing happened.... it still wont open
should i turn the computer off and then on
Is electrum even installed? You said you deleted the exe file. Download 'windows installer' and install it again: https://electrum.org/download.htmlOnce you've installed it try to run it. If it doesn't work see below. You have the seed written down, right? If yes then follow these instructions: Find the electrum wallet folder again: https://en.bitcoin.it/wiki/Electrum#Wallet_FileCreate a backup again Delete the folder Run electrum now. Select the restore wallet option. Enter your seed. |
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Find electrum folder: https://en.bitcoin.it/wiki/Electrum#Wallet_FileCreate a backup of it. Delete 'config' file and 'blockchain_headers' file Then run electrum. If it starts up wait for it to sync up. Report back whether it works properly or not. |
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I believe I can help you. What operating system are you using? Are you comfortable using the command line?
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I'm in a sort of a crisis. What's the best way to obtain the private keys of a "Receiving" address that appears in Electrum after creating a seedless/watch-only wallet with a Master Public Key. In addition to knowing that address I also know the following data generated in an Armory wallet with the same MPK: a) Root chain b) public key/address c) and its private key I have a bit of BTC that I had sent to that receiving address and can't take it out  Please advise! Thanks, Sigh. A few clarifications: - Armory and electrum are two different wallets. They're deterministic wallet implementations are mutually incompatible. You cannot combine an armory offline wallet with an electrum watch only online one. - Watch only wallets don't have private keys - MPK stands for master public key. You can't derive a private key from a public key not even if it is a master public key. So now can you tell us what you are trying to do again? |
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"When spending bitcoins from an imported private key in electrum the change is sent back to one of the input addresses which may well be the imported private key's address."
I thought electrum uses a fresh deterministic address for all change? You're saying if u spend half of an imported privkey, then the change MAY go back into the same privkey? i thought that was a privacy no-no that only mobile wallets make the mistake of doing.
Electrum does it for transactions involving imported private keys only. For all other transactions a fresh change address is used. So then what is the best way to "sweep" a private key into electrum?
You have to spend the whole amount or nothing?? (to prevent the possible reuse of addresses)
(i was thinking of testing with a small amount first)
thanks Abdussamad!
Yes, send the whole amount to a receiving address in your main account. Right click on the imported private key and use the send from option. Then in the amount field on the send tab enter exclamation point to have it automatically fill in the full amount you can send using that private key. |
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Looks like he's confused by change addresses. Wallet shows the correct balance but then he had to go and check the raw addresses on block explorer. Confusion and panic ensues.
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