This depends on quite a few factors. If you do everything right then yes, it will be safe. The first critical point would be to create your private key without it being exposed to any malware reading out RAM, etc.. After that you have to copy your priv key to the flash drive (on a pc without internet connection). You should clean RAM and Hard Drive afterwards ("Deleting" files does not really delete them.. it "releases" the memory for new stuff which can be written.
At this point your private keys are safe on your USB. When you are going to spend/move some coins you have to use an offline computer again. And you should make sure this PC does not have any kind of malware. There is kind a lof of stuff to consider when storing private keys unencrypted on a flash drive. I would recommend a HW wallet.. those arent too expensive.
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Does this mean i am accepted?
Yes. Alright, thanks. Added Signature, Personal Message and Avatar. Current Post count (including this post): 893
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Does this mean i am accepted?
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Hello, i'd like to join this campaign. I will change signature, avatar and personal message immediately once accepted. Bitcoin Talk Name: bob123 Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profile;u=579628Rank: Sr. Member Post Count (including this post): 891 BTC Address: 17UctgJcsPpt45bMDUgspuJofGSiuWLQiZ
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I dont see a real reason to "hate" on bitcoin. Im sure there are a lot of people who dont like the idea of Bitcoin. Or people who dont trust Bitcoin. But usually you can argue with those people. After finding out what exactly they "hate" at bitcoin, you can argue and proof them (math for the win) how safe and secured BTC is. And additionally show some advantages.. I cant imagine people "hating" Bitcoin (with good reason) afterwards.
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1) when all coins were mined, who does the transaction calculation when there are no miners anymore?
Even after all Coins are mined (which will probably be in 120+ years) there are still miner who validate transactions and create blocks. There is "just" no block reward anymore. But Miner wil get paid by TX fees only then. Which should be high enough of value in 120 years 2) What about ETH (proof of work to proof of stake). Who is doing the calculation there? You will get money from the transaction fees, I think.
In Proof of Stake you have to "stake" your coins (means lock them down, you cant use them anymore for a specific timeframe) and you get interest on your staked coins (about 3-8%).
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Thats not a problem as long the recieving address is an address which you are in control of. Wheter its BTC or BCH does not matter. Just export your private keys from electrum and import them in a BTG Wallet. But you should be carefully when sending BTG since there is no replay protection implemented yet. The best way would be to "split" your coins, then start transacting to stranger.
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Theoretically yes. You can start mining by yourself and when (or better: if) you find a block you can include whatever transaction(s) you like. Therefore you only would get the block reward and almost no income from transaction fees. But first you need a mining farm to generate enough hashing power to be able to mine a block in a manly time. No miner would spare the TX fees. Money is money.
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This depends on the service provider and his policy regarding forked coins. In general, noone has to give BTG out to their customer. You dont have access to the private keys (and therefore no direct access to those BTC). With an account you are credit an amount you can "spend". But quite a lot wallets/exchanges announced to credit BTG after the fork. Yobit already credited their users with BTG in a 1:1 ratio. i dont know about blockhain tho. If you want to go 100% safe you should store your private keys by yourself. Thats the only guaranteed way to get your BTG at 1:1.
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The best way to safely gain access to your BTG is to do nothing until fork happened. Afterwards you better wait a few days until the whole network settled down. Then you should split your coins (keep in mind, there is no replay protection). This means you have to be careful. Send your BTC onto another wallet (or another address, but not within the wallet..) At this point at least your BTC's are safe. Then import your priv keys into a wallet which support your forked coin (e.g. BTG). Afterwards you can send/spend/trade your BTG.
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What are the chances of living in a world with no actual money ? Low. I think personally that cryptocurrencies wont make FIAT useless, but I think that cryptocurrencies will work hand-in-hand with FIAT money. Especially in countries like the United States, and the other first-world countries; I don't see FIAT going anywhere soon. Actually i think there is a pretty high chance for cash money to disappear and cryptocurrency taking its place. This probably won't happen in the next 3-4 years. But i think in 5 years from now we won't pay with cash.. rather with credit cards. And the timeframe in which those credit cards get replaced by cryptocurrency can't be told for sure. But russia is going the first step introducing CryptoRubel.
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Basically you have to look at the factors which determine price: Supply and Demand. Before the BTG fork was to happen, people bought bitcoin to get "free money" from BTG. There was more demand, but same supply => price got higher and higher. Now, after the fork, people take their "additional" investment into BTC out (they just bought them to get BTG). Therefore now the supply gets rises and demand lowers => price drop. But that fall won't hold on for too long. BTC will recover and probably grow even bigger, like always.
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Its hard to answer this question. Bitcoin and Ethereum are two different things which can't really be compared. Bitcoin was the first cryptocurrency and also first introduced the blockchain technology, which created a system not needing trust. Ethereum built up on that. Its not "just a currency", its a platform for smart contracts, which can execute contracts without the need of a 3rd person. If ether (currency of ethereum) will surpass bitcoin cant be said for sure. Personally i think ethereum will definetly grow their user base and their adoption. With ether currently sitting at about 300$ and BTC at ~6000$ i dont think ether will become more worth than BTC in the near (or mid-long) future. Nevertheless there is a big potential in ETH and it may give bigger profits then BTC if you start investing now. But only time will tell.
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Theoretically you could behave as always. The only problem occurs when there is no replay protection. To be on the safe side i would stop sending transactions one day before the fork occurs. And after the fork you should "split" your coins onto 2 differend wallets (or at least onto 2 different addresses). In this case you are safe from any sort of replay attack which could get your btc into a risky situation. The transaction themselves will behave as usual. If you usually just wait for 1 confirmation, you dont need to wait for 6 in the "forking timeframe"
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i have participated in some airdrops with this wallet and didn't add the tokens
is there a way to check if i have received any thing but it's not shown because i didn't add the token ?
You can go on https://etherscan.io/address/YOUR_ETH_ADDRESS_HERE . There you can check 1) your ether balance and TX's and 2) token transfers to this account. To make it visible in your MyEtherWallet instance you have to "add" this token. You have to enter Name/Decimals/Contract Address of this Token to make it usable. From there on you always see those tokens when loging in to MEW and you can send those.
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Questions: Is MyEtherWallet that vulnerable to hacking? I carefully safeguard my access information to MyEtherWallet. No one else has access to it. I only log on directly to http://www.myetherwallet.com. I subscribe to MalwareBytes, which is easily the most robust protection I have ever used. I do not click on third-party links or email links for financial sites. Thank you for your time and assistance with this. I appreciate it! MyEtherWallet is not vulnerable to hacking. This is probably the crucial point: I only log on directly to http://www.myetherwallet.com
You should always use https instead of http. If you really used http there is a small chance of a Man in the Middle attack where the attacker is between you and the real MEW, reading your keyfile/password/whatever you used because it was not encrypted with TLS. Thats not a security flaw by MEW. Thats the reason you are encrypting sensible information with TLS (https protocol).
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does anyone knows if bittrex will give the gold to btc holders?
There are already quite a few threads containing this question. You can never be sure an online wallet or exchange is handing out the BTG to its customer. You are not in control of the private keys (the actual coins). You are only registered on their website. And they allow you to "send/recieve" btc's. If you want to be 100% sure, then you should send your coins to an address you are in control of. Its not just better because of a fork. Security wise its definetly better than trusting a third party.
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Investing means you buy stocks/shares/.., basically anything which "has a value". With trust/hope it will rise and will make your invested capital grow. You have to make investigations and interpret news to be sure of whether this investment will return profits or not. Investments are usually mid- to long-term
Trading is basically the act of buying and/or selling stocks/shares/.. mostly with the goal of achieving profit. Basically you "buy low and sell high". You also need to read news and see how market will behave in the near future to make sure when exactly to buy/sell.
Both need investigations and time to read into stuff and stay up to date. But there is still a clear differnce between those two.
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This really depends on your plan. If you are going to hold for ages.. i would probably go with Bitcoin. But if you want to make mid - long term profit i'd probably split this investment. Bitcoin and Ethereum are two completely different investments. This should be wisely considered. I would split your investment in maybe 300/200 with 300£ into the project you trust more / which will give you your desired return in a given time. Overall i think Bitcoin is more reliable in terms of crypto investment than Ethereum. But if you are willing to take the risk and see potential in eth, why not invest more to (possibly) gain higher profits
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I am pretty sure governments are slowly (but steadily) going to get rid of cash. Either it will be with credit cards and EC payments everywhere and shops not accepting cash anymore. Or it will be in some form of regulated, centralized cryptocurrency. This would give governments control over all transactions done and would simplify taxing.
I dont think this will happen within a few years. But i expect this to happen in the next few decades. Cash is not the best way to pay for stuff. Technology will change this.
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