If you have your private key stored, you're perfectly fine. You can import this any moment in any Bitcoin wallet client, make sure it is verified safe. You can find a whole list here: https://bitcoin.org/en/choose-your-wallet. So uninstalling won't be a problem as long as you have your private key stored. The fork can not accidentally change your BTC to BTG, the fork is a copy of Bitcoin's current blockchain which will split after 25 October. Every BTC you have now will correspond to one BTG. Both wallets will have the same private key, so make sure you import it to a verified BTG client. Otherwise your key can get stolen. A good solution for this is sending your BTC to a new wallet after 25 October and then importing the old wallet key in a BTG client. The safest wallet is just personal preference, Armory is in my opinion the safest wallet. But it is quite complicated. Electrum or Core are more user friendly. That seems to be a prett good point to me about sending your BTC to a newly generated address after a fork, one other small point, that may or may not be practical is, if possible to avoid making transactions around the time of the fork. You're right, I forgot to mention that. To make sure you don't lose your forked coins, wait at least 12 hours after the work. After that it's totally safe. Sounds ok, but I read that wallets automatically follow the “longest” blockchain, does this mean that my wallet can decide on its own that my coins are BTG not BTC? How to be sure then after the fork if I buy BTC on local bitcoins and send the purchased BTC to my wallet it will come in my wallet as BTC not BTG? Any further clarification is highly appreciated. No, it doesn't. However you're right about the proof of work, it's a way of confirming validity of a ledger without a central authority (decentralization). The thing is what you say is correct but you're missing the point of the 'split'. After 25 October, Bitcoin Gold will have it's own Blockchain. This Blockchain will work on the same principal as Bitcoin, following the longest chain. But it won't interact with the original Bitcoin Legacy chain. Bitcoin gold will just be a new altcoin but with a big amount of coins already distributed, because it started with a copy of Bitcoin's Blockchain. You don't really have to worry about getting the wrong coin. If you buy BTC and the seller really sends you that coin than you will get it, because a different 'thing' is sent. If I send you a brick, it will not suddenly change to wood when you get it. |
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Do you have access to your private key in BitBay or the person you've sent you Litecoins to?
I believe Litecoin uses the same procedure for creating public keys as Bitcoin.
Only difference should be the address prefix, Bitcoin being a 1 and Litecoin a L.
This is caused by adding 30 instead of 00 in the front of the ripemd-160 hash, after base-58 encode you should get the same address but with an "L" on front. I have never done this conversion before but it should be possible to reverse.
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It could be that way, you never know. That's the cool thing about Bitcoin, that addresses don't have to include private information to create them. However I think it's a little bit of a conspiracy theory, because why would they do it. It also would cost them an insane amount of money to get enough power to manipulate the price.
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I have no plans yet to convert my Bitcoins for fiat.
But sometimes I do micro payments for goods, for example in the supermarket near me, it accepts Bitcoin.
I will just keep most of my coins till I really need money for something big.
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That's a cool looking hoodie.
The print is unique, something different then just Bitcoin's logo.
I take an entry, thank you for doing this giveaway and good luck with the sales!
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And what if it happens again?
I will just hold my Bitcoins, popularity is still increasing, so does the price.
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It's not new that Bitcoin is used for criminal activities.
Silkroad was created on 2011 and only accepted Bitcoin payments, which is 2 years after Bitcoin's release.
That with a lot of things, it's made with a good purpose but then criminals find a way to use it in their advantage.
You can't do anything about it, otherwise you damage the idea of anonymous decentralized peer-to-peer digital currency.
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Theoretically could it substitute banks, I mean what can a bank do that is necessary that Bitcoin can't ?
Bitcoin's system is even more reliable because there is no central authority so it's not possible to bring more units (Coins) in circulation.
But in reality, when I look at the society now, this will never happen. Too much people trust on some government controlled central bank that can print an unlimited amount of money and do whatever they want with the economy. Maybe the society will change it's vision in the future, we will see.
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Never had any loss with trading.
Some coins are worth less now then when I bought it but I am a long term keeper.
So I don't really care about daily fluctuations, it happens every day and on the end it will always be worth more.
At least in my cases, all coins I sold were with profit.
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I will just keep my Bitcoin. Look at the previous dumps of Bitcoin, all altcoins (some exceptions) felt too, but even harder. I don't think it's a good idea to trade your Bitcoin for altcoins, in 98% of the situations it's not worth it and you will lose even more.
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Aura, thank you for the prompt answer. Maybe you right and this is a right spot but as I see this is an overcrowded place already and we are not running an ICO. I just have a project described in White Paper that I want to get freedback from a community You can ask for feedback about Bitcoin related projects in this section: https://bitcointalk.org/index.php?board=12.0. Make sure that it's Bitcoin related otherwise it belongs in Alternate cryptocurrencies. |
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Bitcoin holders will get an equal amount of Bitcoin gold after the fork, just like the Cash fork.
Make sure you use a wallet where you can access your wallet's private key, and write it down.
After the fork you can access your Bitcoin Gold by importing your private key in a Bitcoin Gold client.
Best way for keeping your Bitcoins and keys is a paper wallet but if you're an active spender, a client like Electrum, Armory or Core is better.
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I have no experience with setting up an Antminer S9 with a Mac.
However an easy solution for this would be using a hypervisor like VMware or Boot Camp and installing Windows on a VM.
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The local supermarket in my city accepts Bitcoin.
It's not the cheapest near my house but sometimes I come there to do small purchases.
It's amazing to see more shops accepting Bitcoins, looks like it's going somewhere!
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I thought Blockchain used 12 word recovery phrases. Are you sure the mnemonic phrase is for Bitcoin?
I know some Monero wallets use 13 words mnemonic phrases but maybe I'm just misinformed.
This is a V1 password recovery string. HD wallets are 12 words which act as the wallet seed. I think the original dictionary where the words come from is about 60,000 words we can't bruteforce by hand 60,000 x 60,000. I have read the legacy recovery code on github but I'dbe fucked if I can understand it. I'm an old school programmer and last language I used was VB. Can you link me to the document? I could try to program a brute force tool for this particular case. I know the basics of C. |
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If you have your private key stored, you're perfectly fine. You can import this any moment in any Bitcoin wallet client, make sure it is verified safe. You can find a whole list here: https://bitcoin.org/en/choose-your-wallet. So uninstalling won't be a problem as long as you have your private key stored. The fork can not accidentally change your BTC to BTG, the fork is a copy of Bitcoin's current blockchain which will split after 25 October. Every BTC you have now will correspond to one BTG. Both wallets will have the same private key, so make sure you import it to a verified BTG client. Otherwise your key can get stolen. A good solution for this is sending your BTC to a new wallet after 25 October and then importing the old wallet key in a BTG client. The safest wallet is just personal preference, Armory is in my opinion the safest wallet. But it is quite complicated. Electrum or Core are more user friendly. That seems to be a prett good point to me about sending your BTC to a newly generated address after a fork, one other small point, that may or may not be practical is, if possible to avoid making transactions around the time of the fork. You're right, I forgot to mention that. To make sure you don't lose your forked coins, wait at least 12 hours after the work. After that it's totally safe. |
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I'd like to buy the code, but before i do i want to know few things. when will this code expiry (unused) and can we deal on coinbase(faster and no tx fee required)? PM me if interested.
Just reply you in pm I also would like to know when the codes do expire and if you need a credit card attached to your account to use these codes. the code will expire june 2018 if not used or applied.you need credit card when you sign up to digital ocean or you can use vcc. Where can I get a vcc that will work on Digital Ocean? |
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I thought Blockchain used 12 word recovery phrases. Are you sure the mnemonic phrase is for Bitcoin?
I know some Monero wallets use 13 words mnemonic phrases but maybe I'm just misinformed.
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