Oh, boy. Crypto is done! You'd better sell it all soon. However, you're lucky today. I am a generous person and will save you, with a modest fee for all extra risk (given crypto is dead, you will understand it's nothing personal). We can arrange an OTC sale through escrow for all your coins. PM me if interested.  |
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Well, since I don't know what signing is, I never sign. When I move my coins I just scan or type the address of the recipient and hit send. When you hit send, you are signing without knowing. Without a valid signature, no coin moves! Or somehow get a glimpse of my seed. And neither of that is possible. Believe me, they are stored safely.
The seed is even more powerful: it's the key to the keymaker shop. With the seed, ALL the keys of ALL the addresses in that wallet are accessible. The whole wallet, not a single address, can go bust. You guys are way too paranoid. It's not that we are paranoid. It's that they are after us!! |
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We got Bitcoin at record highs above $10k and anyone in Alts saw his estate rise twofold this December/January alone and you speak about a bear market? I am confused  We're spoiled brats, that's what. |
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Ok, so box is just geek for computer, and broadcast is just geek for send, and signing is still a mystery to me.
We do not speak the same language obviously.
Signing, as jojo69 and erre explained, is the process of adding your key to the transaction. The key is the "owner's seal of approval" for each address that is being charged (only 1 address for the simple, most common transactions). When you add the key, it gets mixed up with the transaction by crypto magic, so that anyone can easily check the owner's seal, without being able to look at it (in other words: unable to steal it). So a signed transaction is safe to broadcast (that's not just "send"- it's "send for the world to see"). How a turned of phone is less secure than a computer that you geeks run all the time is also a mystery to me.
I have no problem what so ever with having my coins on a phone, you are just way to afraid of ghosts.
While you sign, the key is exposed. If someone gets hold of it, they can sign any transaction in your name (with ALL your coins from that key's address). So the signing process is best done offline, in a safe box, which a phone generally isn't. What's more, if the key just lives in the phone (which it must if you can sign from it!), when the phone gets compromised you risk losing every single satoshi on it. |
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How was it with a paper wallet? If I have 10 Bitcoins on a paper wallet, I have to sent them all at once to the exchange? Otherwise the rest will get lost?
There is a step between having a paper wallet and sending it to the exchange. You have to import your private key into a hot wallet before sending it to the exchange. When you send less than 10 bitcoins to the exchange, depending upon your hot wallet software, you will either get the remaining coins in a different address or it will go back to your original address (blockchain.info). Either way, once you import your private key to a hot wallet...it's no longer secure. You need to go through the process to put it on a paper wallet again. unless you run something like armory where you can create a transaction and sign it on a completely secure offline computing environment, then import that sig to an online box and broadcast it That's why I suggested he "burns" the address completely, by sending the remains to a change address. So the security of the old key is not an issue anymore. |
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How was it with a paper wallet? If I have 10 Bitcoins on a paper wallet, I have to sent them all at once to the exchange? Otherwise the rest will get lost?
No! You can prepare a transaction with one input and two outputs: INPUT: your paper wallet's address OUTPUT 1: the exchange's deposit address OUTPUT 2: another address YOU own - either paper, hardware, or software wallet. You use this as a CHANGE output. You sign the transaction as you prefer (I would use Electrum myself, but beware: UPDATE ELECTRUM before opening it!) The computer can (should?) be offline while you sign. Just unplug the cable, turn off wifi or whatever. Save the signed transaction. Then reboot before putting the computer back online. After doing this, you can broadcast the transaction you saved. |
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The volume of the BTC in all exchanger is keep increasing. I know that next week ia the real deal because we can see again that bitcoin will hit $19,000 per each. We should ride in the roller coaster.
The next days are critical. |
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Now that you have more time on your hands, we'd really like to hear that country song.
No sad country song. Sorry to disappoint  But but but... the Neumann thingy... I think many of us would settle for a happy country song, or a country song about some rich cowboy who doesn't give a "ratt's ass"* about nuttin... *TM JJGee Retirement plan is back on schedule, now that I've pulled the trigger on the first batch. Want to get my liquidations done this quarter for tax purposes. I wonder, do you feel any urge to buy it all back at $13,000 ?  Nope. I feel the urge to retire more than buying back. I have "enough" BTC to last me this lifetime after I've done liquidating for retirement. Seriously now, there's no need to rush the second batch, is there? With a handsome short-term upside potential such as now, I mean. Can't the taxman wait if necessary? |
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We need our own Bitcoin Exchange. Our legal entity must be set on a Moon (yes we said we are going to then moon, what are we waiting for?) site.
Then no petty government shall come and shut down our exchange. If somebody picks the idea that would be great.
With Atomic Swaps and some more Anon Tech the Party will be over for govts. Exchange will be everywhere and nowhare. The problem is how to get fiat in and out without a bank. I haven't researched the problem or the proposed solutions yet. Can anybody share pointers? |
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Down again, at least a bit. Still higher than my latest limit buy though  |
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Ok. Extracted just north of $1M @ $14,500 USD/BTC.
Once the wire hits my account, I'll load up for round 2.
Very well done! Feel lighter eh? Now that you have more time on your hands, we'd really like to hear that country song. |
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A nice time to get in the WOT, ztay  |
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volume on the bounce looks bigger than on the dump to me
Maybe, but I think we're not done with the ups and downs yet. Cycles seem to get shorter though. |
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Managed to get meself a lil moar korn.
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It's finite upside vs infinite downside, and he knows.
Like Nassim Taleb (and any proper thinking mathematician), I would think the downside is limited (Bitcoin can't become less than $0) and the upside is unlimited (or: potentially much higher than the downside). The perfect example of an asymmetric bet that Taleb has written extensively about. Yes, yes. I meant downside/upside for someone shorting bitcoin. Andreessen did help a little. Thanks, Wekkel! :-) |
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tulips
I'm not worrying about the current pullback or sideways motion. I'm confident we're headed higher in 2018. Possibly much higher. The medium-long term future, however, now that gets me thinking. In today's finance news there was ample coverage of both Buffett's and Munger's words. None of them mentioned tulips, but the meaning was clear. I sure imagined their stance on the matter - it's old school finance, for Satoshi's sake! And the guys are not exactly techno-savvy millennials, either. But I don't know why - Buffett's calm, grandfatherly words, spoken with a good-natured smile, unsettled me much more than scumbag Dimon's outburst. Grandpa Warren said he's not interested in shorting, of course. Why would he? It's finite upside vs infinite downside, and he knows. However, he would like some 5 year puts at a strike price near the current spot, if they existed. What made me cringe was my own thought: "Oh how nice! I'm gonna get some now too... oops, there is no such thing." Please tell me I'm wrong, or it doesn't matter, or whatever. Explain me why I'm wrong or it doesn't matter, or whatever it is. Thank you. |
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Meanwhile, the swings continue. They seem narrower. Nearly 14.5k right now (gdax).
Bob, do you have that country song ready yet? Festival planning is in Phase 2.
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Are you guys ready to see BTC lose that no.1 spot on coinmarketcap?
No. Nothing sadder than a sad, gay, black cowboy I should probably go write a Country song to properly convey the depths of my sadness... You could premiere it at the next country music festival. I heard there's a good one in Carolina. |
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Tentatively climbing back up? A couple of my more adventurous limit buys didn't get filled.
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