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Mike Hearn was responsible for the flash crash this past August with the hard intro of XT, so this makes twice he has moved the market. He should never be allowed near bitcoin again as he has proven himself arrogant and reckless. The market recovered from August and will recover from this also just give it some time.
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Mike Hearn caused the flash crash back in August with his pushing XT and now he does it again. The market recovered from August and will recover from this.
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If you are concerned just move the bitcoin to a good hardware wallet like Trezor. |
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in my opinion trezor is safer than keeping coins on coinbase. and slightly safer than just running bitcoin core..
but it is not 100% fool proof, and the device itself does require some trust.
i agree, trezor is better than any other wallets imo, but i think the best one is just the paper wallet plain and simple. if you worry about security with the trezor, just switch to something thatll make you feel safer. I have read too many stories of people losing bitcoin by using paper wallets improperly. I wrote an article about it Bitcoin Paper Wallets Are Not Safer Than Hardware Wallets. I have never heard a report of anyone using a Trezor losing bitcoin. |
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I got my trezor wallet today and I must say, I'm quite impressed so far. You could pretty much generate as many wallets from the seeds as you like(correct me if I'm wrong). And upon spending, it automatically sends the funds to a new address. The build quality could be better, as my trezor has something loose inside it(you can hear the rattling noise, when you shake it around). Also it's really light and has a pretty plastic feel to it. But overall having a peace of mind when I sleep, knowing that my coins are safe is definitely worth BTC0.23.
/forgot to add, that the I like the labeling feature as well.
If you carry your Trezor with you to use with Mycelium on Android you will appreciate the light weight. Also Trezor works perfectly with Mycelium, no problems at all. I tell friends who get a Trezor to consider it disposable and buy a back up in case you lose or break it and have to restore from seed. I got a KeepKey to compare with Trezor and it is very pretty, easy to set up, but does not have the passphrase protection that Trezor has, at least on the Chrome extension. KeepKey is supposed to work with GreenBits on Android but after trying all evening I gave up and wrote support. Considering using Mycelium with trezor or with few other wallet seems a good idea to me as we can us it as a cold and hot wallet at the same time, i have read some review from you but i am a bit surprised about other hardware wallet like ledger nano which has not the security level like keepkey. KeepKey has its own quirks as well. Currently it does not work with a wallet on Android and you can not use passphrase protection for your seed with the Chrome App. Well, using a passphrase is important to me. Should someone manage to get my Trezor seed it is worthless without the passphrase. I think the KeepKey designers are trying to keep it as user friendly as possible for new users. It is possible to passphrase protect accounts using KeepKey but you have to use Electrum instead, and it is a bit of a chore installing the Python dependencies you need on Windows. You can check out the instructions here. In contrast to KeepKey multiple passphrase protected accounts are a snap to set up on myTrezor.com and you can use those same accounts on Mycelium on Android. The user manual for Trezor is much better than the documentation provided by KeepKey. I think they just need some time to add better user documentation to the KeepKey site. I am still working with KeepKey to enable phone integration, there apparently is a problem with GreenAddress they are working on and I will update my hardware wallet review as I am able. |
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@notlist3d have you been able to use a passphrase with your KeepKey? The site claims you can add passphrase protection to the seed but I see no way to do it. I just got my KeepKey the other day and am writing up a comparison article to Trezor. KeepKey also claims on reddit that it is now compatible with GreenBits on Android, still trying to get that working also. I have a support ticket open on that one. No passphrase protection is a huge negative for KeepKey.
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it does not mean anything in the end, the consensus will choose the right one, which is increase the block limit, no matter how this is achieved, it must be done
they are only wasting time for something that is mandatory, i would just increase it to 2 mb for now
https://bitcoinclassic.com/
The directional decision has been made. Actual concensus is pretty much out there. Unlike the delusional, fake, lying NON-concensus blockstream-core has been promoting.
Nothing to "Vote" on yet. Now that decision has been made by those with power to implement, simple code is being prepared, checked, due diligance etc. Soon at the above website will be an active download button. Immediately you will see an enormous leap in nodes switching over. It will happen fast, and it will happen despite the yells and screams and whines and FUD spreading blockstream-core hijaakers.
"Voting Concensus" will occur when 750 of the last 1000 blocks are created with the Classic Flag flying. Probably in March(?). Then the Fork will trigger and blocks actually above 2mb will start being created. Part of the FUD leading up to the event will include threats by some to "Never Give In" - to maintain the current path. But once the actual Fork happens, they'll upgrade or become an alt. Any of them with any sense will make a good show of blubbering and screeching, then quietly upgrade, and go back to work, keeping their noses down for a bit. And Bitcoin will then get back to the business of growing along the path that Satoshi originally envisioned and laid out.
There isn't anything scary about it. It isn't anything not in the original Satoshi plan. It isn't going to cause any disruption to the Bitcoin network. The second it happens, or leading up to that second, you will see Bitcoin Prices shoot pretty high, on its next leg up to its eventual destination. You will see faith in Bitcoin again, and app and infrastructure and investment will immediately see increased and renewed activity.
It is in short - simply some people finally having the guts to do what everyone knows needs doing. And a blatant hijaaking and hostage taking attempt by blockstream will have failed. And to be clear.... Gavin is who Satoshi originally turned this over to. I think most people trust him a heck of a lot more than they trust these blockstream idiots. So the biggest develoment in all of this is really that this is a big leap in faith for the "Governance" of bitcoin. And all of this is a good thing.See the above. Simple. FUD free facts. I will add the following.... Bitcoin is Bitcoin Core. It will always be Core, even if a Fork occurred that supported Classic, or XT, or unlimited. These are just names of competing "Update Proposals" - like version 2.0, 2.1 etc Bitcoin has been upgraded many times through BIP (Bitcoin Improvement Proposal). Nothing new or scary about changes in the Bitcoin Protocol. It was designed and intended to function this way by Satoshi. Recently however, Bitcoin Core was hijaaked by a company with financial motives. Blockstream. Blockstream decided to hijaak the natural path of bitcoin growth, and crippled it. You see, they have a financial business conflict of interest in seeing bitcoin be limited to sidechains/lightening network (their business) and so they stacked the deck with Core Developers loyal to them. The ORIGINAL Core Dev (Gavin Andresen) that Satoshi actually appointed, screwed up a while back and "stepped down from the lead role. He did this with a good, but naive, believe that it was in the good of bitcoin to decentralize further the leadership team. The problem is that the leadership team then became corrupted (Blockstream). The role of Blockstream in Core Development process of Bitcoin began to create growth problems for the overall bitcoin network. Gavin was then duped by a guy named Mike Hearn to offer up a "Fork, known as Bitcoin XT. Bitcoin XT was very ambitious, and created a scenario that could be abused by centralized powers (Banks, Governments etc). It was eventually shot down by the community by virtue of the fact that simply nobody really downloaded it. Another Fork was attempted that is Bitcoin Unlimited. Similar but with some changes in how blocks grew. Both XT & Unlimited are simply deemed too much, too fast, too uncertain. Problem is that some sort of block growth is needed NOW in order for Bitcoin to keep growing,a nd transactions to process. Gavin has finally stepped back in with a reasonable, small, limited growth proposal that does one thing only.... increase the Block size to 2 mb. There is HUGE support and concensus for this path (although you must remember that this particular forum (bitcointalk) is the Blockchain controlled forum, so you find mostly Fear, Uncertainty, Doubt here. Regardless, by March there should be a Fork. The bitcoin path will split into two chains WHEN a super-majority of the comunity chooses (votes). If the vote goes i favor of the "Bitcoin Classic" 2m block increase, then the bottom line is that Bitcoin Classic Proposal will simply evolve into Bitcoin. Just bitcoin. Everyone will come on board probably within the first few hours. ALL the fear you see is Blockstream Company employees, paid consultants or Shill trying to confuse things, becuase they hope that somehow this will cause people to not "Vote Classic". But to actually "Vote Classic" means 1) Upgrading your Node 2) Mining a Classic Block. Since the Miners will ultimately decide the "Vote" and since they support the return to the CLASSIC Bitcoin path, including most big companies like Coinbase etc - this is pretty much already decided. What isn't decided is whether Blockstream survives the loss of their reputation, and keeps their investors etc. Should they continue their antics and treat this as a live or die fight - then it is obvious they will die. No big deal. SOmeone else will pick up sidechain development where they leave off. I guess we will see. The core developers are already in process of implementing SegWit to increase transactions/second until they think it is time to fork to remove the 1 MB limit. This is XT all over again with 2 MB instead of 8 MB blocks also minus Mike Hearn. XT was not successful with only a handful of blocks mined. It will be interesting to see how Classic fares. Something as disruptive as a bitcoin hard fork should never be allowed with 75% consensus. The trigger should have been set at 900 of the last 1000 blocks mined. |
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I got my trezor wallet today and I must say, I'm quite impressed so far. You could pretty much generate as many wallets from the seeds as you like(correct me if I'm wrong). And upon spending, it automatically sends the funds to a new address. The build quality could be better, as my trezor has something loose inside it(you can hear the rattling noise, when you shake it around). Also it's really light and has a pretty plastic feel to it. But overall having a peace of mind when I sleep, knowing that my coins are safe is definitely worth BTC0.23.
/forgot to add, that the I like the labeling feature as well.
If you carry your Trezor with you to use with Mycelium on Android you will appreciate the light weight. Also Trezor works perfectly with Mycelium, no problems at all. I tell friends who get a Trezor to consider it disposable and buy a back up in case you lose or break it and have to restore from seed. I got a KeepKey to compare with Trezor and it is very pretty, easy to set up, but does not have the passphrase protection that Trezor has, at least on the Chrome extension. KeepKey is supposed to work with GreenBits on Android but after trying all evening I gave up and wrote support. |
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OP: Once you send bitcoin you can not get them back and an hour is not too long to wait. Sounds like you should be using a good hardware wallet like Trezor that is pretty bulletproof. Read the user manual when you have the time, see if it would work for you. |
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Can anyone recommend me safest wallet ? some wallet that is having e-mail confirmation protection ?
Coinbase lets you enable 2fa when sending bitcoin. So do BitGo and GreenAddress. All are browser based bitcoin wallets. I am not aware of a desktop wallet with 2fa. If you really are serious about safety consider using the MultiBit HD desktop bitcoin wallet with KeepKey or Trezor to store your private keys offline. |
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I have read the arguments about the Case wallet multisig architecture and am OK with the security. Once you use a Case you find out it is the easiest way to send bitcoin, very cool device. They even sold out the first production run of 1000.
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I have a Ledger Unplugged card and it works OK with Mycelium on my Android phone. Realize if you get one you will have to use the security card to authorize transactions. No way around that. Case hardware wallet is out of stock but I think they will be selling more soon.
i have have had a look at the Case, but i have hard time to see if they have the 12-24 word recovery (bip 32??) option, so i am not sure on how you would recover your wallet if your case is lost or something els happens. Also you cant see you balance on the case itself, so you would need to sync it with a third party to see that. or you would need to keep track of it by youself. I think Case prefers not to show bitcoin balance on device itself for privacy. You can keep a running tally in your head or check your balance at the Case owners website. If you lose your Case you can recover your bitcoin using an online process for $75 per their FAQ. |
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I'm looking for a single wallet solution to use on my PC as well as my Android devices. So far the one that seems to fit the requirements fully is the Copay wallet. But so far my web searching is returning very little about the Copay wallet and what people think about ease-of-use, security, privacy, etc.
I'd appreciate it if anyone can offer and thoughts, comments, experiences with this wallet. BTW I also have a Ledger Nano and plan to use it with a multi-sig wallet using Copay. Any thoughts in this area would be welcome too.
Thanks!
Copay on Android does not support hardware wallets, just checked. Too bad. You would have to use your Nano with a different wallet, one that supports Ledger on your phone. |
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I am looking at the Mycelium card, i was i not sure one one thing.
Can i only use the card to send BTC and other fudns form card to card? or cna i also send btc from my card to other normal wallets? it seems like they are going to work like a closed money/banking network.
As I read it is a closed system. You use the Mycelium card to pay at a merchant who has one of the Mycelium Hubs set up or to another Mycelium card holder. The system is based on Colored Coins called IoUs. You have to convert fiat to IoUs to load your card. I can find no information on how to exchange fiat to their Colored Coin or back. The Mycelium Card is not really a hardware wallet and I do not think the system is even in beta yet. Thanks for the fast help, Right now i am using the ledger nano as my cold storrage, to store all the bitcoins i am saving and not planing on using in the near future (atleast 3 years) and i am looking for a hardware wallet to use for "everyday uses" i just lost around 0.8 btc on my tablet (mycelium wallet) beacouse my tablet went black a few moments before i got the chance to write down the 12 backup words. all the Phone/tablet repairshops says they cant get my data back. so i am looking for a hardware wallet that i can use on a for my everyday uses, i would prefer if it was a standalone wallet, like the ledger blue but it seems like it will take a few months before that comes out. so i am thinking about getting the Ledger Unplugged, and just use that until the Ledger blue comes out. or do you guys know of any other HW wallet that are good for holding and spending? (sorry if this does not fit in here) I have a Ledger Unplugged card and it works OK with Mycelium on my Android phone. Realize if you get one you will have to use the security card to authorize transactions. No way around that. Case hardware wallet is out of stock but I think they will be selling more soon. |
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I am looking at the Mycelium card, i was i not sure one one thing.
Can i only use the card to send BTC and other fudns form card to card? or cna i also send btc from my card to other normal wallets? it seems like they are going to work like a closed money/banking network.
As I read it is a closed system. You use the Mycelium card to pay at a merchant who has one of the Mycelium Hubs set up or to another Mycelium card holder. The system is based on Colored Coins called IoUs. You have to convert fiat to IoUs to load your card. I can find no information on how to exchange fiat to their Colored Coin or back. The Mycelium Card is not really a hardware wallet and I do not think the system is even in beta yet. |
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I have finished my mining investment, in 3 years i accumulated 10 btc, but now, i not have idea what make...suggestion?
I not need urgent to money then, i want invest yet, but where??
Price cloud mining is too high,difficulty hashing is too high (now 103,880,340,815.4560), gambling i'm not able, what do you make with mi bitcoin?
I would keep the bitcoin in cold storage. Sell the miners for what you can get and use that money to diversify into gold coins. |
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Security from most secure to least: KeepKey > Trezor > Ledger KeepKey edges out Trezor only because the recovery process for KeepKey is more secure than the method used by Trezor. If you read the references you will note that Trezor is still "uncrackable for all but well funded governments." The KeepKey developer notes "On KeepKey, you don't even need to store your private key on the device. The recovery process is secure enough, that you can use it only as a transactional device for your paper (recovery sentence) wallet. Then just wipe the device after each use." If you read the references Ledger is criticized for lack of security during initialization (corrected by Ledger Starter) and transaction authorization. The security card and phone pairing app are also not considered safe from malware. References: https://www.reddit.com/r/btc/comments/3w81k1/securitywise_is_there_really_any_difference/https://www.reddit.com/r/Bitcoin/comments/3e6ir3/eli5_how_devices_like_trezor_legder_keepkey_can/ |
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Is it profitable enough to put your time into it? From what I see you get maybe a couple cents, then you have to wait to withdraw until you have so many. I'm just wondering how much people make off of these.
No, don't waste your time. Some bitcoin related sites and blogs have installed faucets as a way to increase traffic, the more common way is just to give away some Satoshis to get you on their mailing list. |
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If you are worried about keyloggers you should be using cold storage with Armory and two computers, or a hardware wallet like KeepKey or Trezor.
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You can take a look at mSIGNA. It is a full node HD wallet but after looking it over it seemed overly complicated. The product does not even have full user documentation yet and there is a warning it is still in beta. |
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