I believe there is no worthy android app still using the LN. Moreover I can hardly found of an worthy android app already with Segwit too. Mycelium the most popular android wallet still doesn't uses it Segwit. LN is still a whole long way to go.
Talking about its proof issues how do you feel it will affect the price of bitcoin? I mean I have rarely seen anyone talking about its impact over the price of bitcoin. Because obviously LN might make BTC ready for a immediate mass adoption at a cost of bit of centralization or maybe channelization would be more appropriate.
If you are only interested in a Bitcoin SegWit Android wallet then check out Samourai. The developers are mainly focused on the security and privacy, it supports both nested and native SegWit. Mycelium became a bit shady some time ago. I feel that LN will have a huge impact on the Bitcoin price in the future but we are still suffering from FUD and probably price manipulation. Also, we should not focus on the price, adoption is the most important factor here. Why do you think that LN is a bit centralized? Because of the people who connect to nodes which a huge amount of channels? Once LN network grows, it won't be a problem. I have a pretty dumb question maybe. These channels which we obviously know will be on the bitcoin network. So won't any opened and later unclosed channels act as a mighty traffic over the blockchain? I mean if it happens that will again bring us to the same issue.
That's true, you still have to broadcast a transaction to open and close the channel, but it's paying off if you are often paying some bitcoins to a specific service (instant and cheap transactions). There is a service which offers conversion from LN to on-chain funds and vice-versa without reopening a channel. As far as I remember, there is an idea which can help us to lower the size of the initial transactions - Schnorr signatures, new BIP related to this has been recently released. You should also check out Channel Factories. Opened channels do not have any impact on the Bitcoin Network beside coins being locked up in multisig addresses.
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The android wallet that I'm using doesn't seem to have the functionality to open a channel where I am the creditor and my partner is the debtor. In other words a channel that I can receive funds on without having spent down first. But just because this wallet lacks that functionality doesn't mean the network lacks that functionality. Tell me if I got something wrong here.
Which android wallet are you using? I personally use Eclair but it doesn't support receiving coins over Lightning Network. I'm waiting for Android version of Zap wallet which seems to have this feature. I thought it wasn't possible to lose funds on LN. I know there might be bugs and shit, the stuff is still in beta but this is the first time actually I heard about somebody who managed to lose his funds. Even if its in beta, I thought It wasn't really possible to lose your coins. :/ I would have freaked out If I had lost 0.26btc for trying science lol.
As you mentioned, Lightning Network is still in its early beta thus this kind of things might happen, but... but I believe most of the 0.24 BTC I didn't get back was blown on channel open/close fees, and possibly just "lost" due to bugs and shit.
"Believe"? I doubt that he spent that much on stickers and satoshi's place, but he should have at least checked his transaction history and summed everything up before making such statement.
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If not are they lightning tokens? They aren't really tokens the way ERC20 tokens are tokens, are they?
They are bitcoins, many people don't understand that and try to prove that Bitcoin with LN is not a real Bitcoin because it doesn't use normal coins. Here is another good discussion on whether or not Lightning Network is centralized. There seems to be a chicken and egg problem with lightning. When I make a new channel it says I can only receive the amount on a channel that I have spent down. So how did the first address get spent down enough to receive the first lightning tokens?
I don't really get "the problem" you mentioned. That's how I think it worked: 1. Someone created a node and decided to open a channel with that node 2. Bitcoins were sent to a multi-signature address which private keys are in control of both parties. 3. Someone else opened the channel to the same node and it was possible to start sending transactions across decentralized LN network. There are no Lightning Network tokens. Each party is transacting with each other without broadcasting anything to the Bitcoin network. Everything is settled down once someone decides to close the channel. The biggest issue right now is that channel limits how much you can spend. Split payments are a planned feature.
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Interface os irrelevant . They can make a new one anytime. What is important is get rid of chrome spyware. Moving away from Chrome is undoubtedly more important, but I wouldn't say the interface is irrelevant. However, I really like the new interface. I've always been one for a minimalist and zero-clutter look, and I think it achieves that well while still being easy to use. Some third party apps seem not to work natively with the new desktop app (ETC seems to work now, NEO still doesn't). Even though I don't own a Ledger Nano S anymore, I really like the new app. I don't understand why everything always has to be white these days. I prefer dark interfaces since it's more convenient to use them in the evening.
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registered around the same time like DarkStar_. much Bitcoin verteran you both! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Date Registered: August 09, 2015, 08:56:22 PM
>implying that the date of registration really means anything. You are running out of arguments.
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There is nothing like an official Lightning Network app. There are currently a few different implementations which are compatible with each other. You can try Eclair if the Zap client doesn't work for you. You could also try setting up c-lightning but this might take you some time. I would go for Eclair if you are going to stick with Windows.
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I have no idea why anyone would use anything other than Trezor or Ledger.
It doesn't pay to cheap out, especially on a device which will store private keys of hundreds or even thousands dollars worth of crypto. So far, I have used only TREZOR One & T, Ledger Nano S and OpenDime. When it comes to money, I don't want to risk it by choosing an unknown brand, but there are people who are looking for distinguishing features such as micro sd slot, e-ink screen, small size etc. Some people prefer convenience over security.
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As far as I know, WeChat is widely used in big cities. I don't think that people on the countryside use it that much. Edit: After searching for this service I see it's just a digital wallet, linked to a bank account or Visa/Mastercard card.
I am quite sure that WeChat doesn't work with non-Chinese credit/debit cards. That's why tourists have problems with using it. WeChat, as you mentioned, is also a messaging app which can be used for getting the latest news.
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Is it available on github? What language is it written in, and how difficult was it to compile?
Yes, it is. You can find it here. It's written in C++. You should not have any problems with compiling it yourself. It doesn't require much to download and the installation process is quite easy. Everything is described in the link above. I have sold my Ledger some time ago. Can anyone make some screenshots for me or record a video?
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Banks become obsolete?? .. Every crypto enthusiastic pipe dream. Why would banks become obsolete?. No matter the level of development and adoption in crypto, it can never push off the Banks. Banks provide a more stable and efficient financial platform.
Oh, really? I don't think so. For a long time, banks were thinking that they have no competition, but cryptocurrencies are slowly getting more reliable and widely available. Wire transfers take too long and they might be blocked by the bank. Fees have been growing without any particular reason and withdrawing a larger amount of money might be a problem. Not to mention what would happen if another financial crisis occurred. What would you choose? A platform which is centralized which makes it easier to attack or disrupt the service or a decentralized cryptocurrency which you can store where you want?
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Someone attempted a kickstarter for a Trezor case last year... Apparently, there wasn't much interest in it. I'm guessing the pricetag put most people off. It's too bad for the project because I think it's something viable in the long run. But it's something that should be created without the need for a Kickstarter campaign. If someone has the fund to start then it's doable. Especially if the Trezor website could accept to feature the model on their site. Yeah Ledger Nano can't have a case Actually, the company behind this kickstarter project is doing quite well. Their products are available here. They quickly ran out of supplies after releasing a new case for TREZOR T. I have updated the guide a bit. Coolwallet.io doesn't load for me anymore so I can't get any official information about it.
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The number of topics related to hardware wallets is constantly growing. I don't think if there is any point in creating separate sections for each hardware wallet, one section should be enough. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FqTElTiyg.png&t=663&c=F1qNWm85u6FbSw) That's barely half of the topics on the first page of the Alternative clients section.
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I'm assuming that the local exchanges you are saying is in the Philippines right? Because I read that they have plans to open 20+ for now and then 60 in the next coming years. That's a lot of local exchanges. Even locals coins.ph now have its own trading platform so everything looks good in the Philippines. In a wider perspective, it only means that there's recognition that bitcoin and crpyto will really exploded in the next 5 years or so because of the continuous growth of crypto money. People now finds crypto a safe haven for their money investment wise or even grow their money doing trading. However, competition will be tough in this area, because some well known exchanges have a good head start and those planning to enter the field will have their hands full on how to get some slice on that big pie, a multi-billion dollar industry.
I don't really see any point in creating that many cryptocurrency exchanges. Are we even going to reach so high volume that we will see thousands of exchanges? Some people prefer to use the most popular exchanges which are not based in their country because they trust them. And why do they trust them? We are discussing this problem here: https://bitcointalk.org/index.php?topic=4595850.msg41474831#msg41474831
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There must be a better way or strategy to reduce the risk for people to lose large amounts of money, when these exchanges gets hacked. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) What about advising people that they should withdraw their funds if they are not going to trade in the next few days? I have noticed that many signature campaign participants used exchanges because of high transactions fees back then. Currently, exchanges have extremely high withdrawal fees. Was it the only reason? Aren't some people just too lazy to do a research and choose a proper wallet? Also, recommending splitting the investment among a few different exchanges at the same time might be a good idea but not everyone will follow this advice due to lack of funds.
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Poor people should learn how to help themselves to get out from poverty and stop relying on government for aid or something.
It's easier for them to ask for money, isn't it? Proper education takes years depending on what someone is capable of. People should learn how to find ways to make their income grow more so that they'll become rich or richer.
It's funny to see some poor people in my surrounding who say that cryptocurrencies are a scam. Funnier thing is that they want the rich to pay higher taxes just because they managed to earn some money. Everyone should pay the same percentage of their income as a tax.
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So please, indicate where you stand on this and if there are a better solution to trade or exchange coins? Do we need these services or should we keep to Person2Person trading?
I don't really see any point in creating new exchanges, the volume is one of the most important factors for an exchange to succeed. Probably, you know a service called ShapeShift which allows for direct exchanges between limited number of cryptocurrencies. Face-to-face transactions are great for cashing out without worrying about the tax office, I have never traded crypto-to-crypto with another person. I am going to test Bisq (decentralized exchange) in the near future but the low volume discourages me a bit.
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You might also want to include these hardware wallets into your list:
Thanks for your suggestions. I will look through them and decide which ones are worth attention and trust. I am not sure whether it is copied from any blog or somewhere. Then title can be change as What is hardware wallet and list of it. However, looking the listing down each wallet.
You are right, the title is a bit misleading but my initial plan was to describe the advantages of each wallet and compare them. I will do it along with the addition of new wallets. By the way, the last batch of 10 thousand Ledger Blue is available for sale. I still don't know if there is any point in including it here.
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I will advice to contact the wallet provider and the issue cause the wallet might be vulnerable or not secure due to what you said about the pack. Where do you order the item?
Did you even bother to read the whole thread? The package arrived to his office intact and he saw that someone has already opened it. There is no point in contacting the manufacturer because it's not their fault.
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Yes I install it successfully , even I didn't face any problem. I just afraid , need to confirm that no one can hacked it.
You should be safe if you installed the firmare by yourself and generated the seed. It looks like the person who opened your package didn't know what to do with it. Remember to check your seed (it's available on TREZOR wallet page) because you will need it to recover your coins.
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