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I have spent awhile on this forum, I noticed many members do not like close source wallets, that is why they do not like to mention wallets like Coinomi and Trust because they are close source. When I later know the reason not to like close source wallet because the programming used to build the codes can not be accessed by anyone that uses the wallet, members believe they are not appropriate because our bitcoin is more important, that we should know about everything that we use to hold our bitcoin like the wallet and the blockchain to all have open source codes.
But I noticed about hardware wallet, trezor is open source, keepkey is open source, coldcard is open source, ledger nano is closed source. These are the hardware wallets I have come about on this forum while trezor and ledger nano are the most mentioned.
Members do comment bad about close source but they comment good about ledger nano even after the ledger database was hacked. What can be the reason for still recommending ledger nano.
Are ledger nano wallet developers trust worthy and because of that trust the close source code used?
Is it because ledger is a hardware wallet?
Is it because ledger is costly and people think the ledger developers will focus only on how to sell more than to be planning for dubious source codes?
Why are people not commenting good about close source but comment good about ledger nano wallet while it is close source. I am confused.
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Having passion for bitcoin and not lazy and more understanding of this forum will help new members. I think its been months now already that all the newbies are asking how will I Rank Up
Since I joined I have seen new members asking this question which means the question is common since the start of merit system. One more thing don't get offended when someone corrects you, it does not mean they hate you
Who listens to no correction is a fool, if someone in the game many years ago with ranked account correct newbie, accepting the correction is the best way to rank higher. It can be painful that ranked members are correcting you in 3 million members forum but you will first learn and you will correct newbies when you rank up. That is the is purpose of this forum, to learn and correct, to know more about how to protect yourself online, offline and keeping your cryptocurrencies safe. |
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Coinbase.com is different from coinbase wallet app, coinbase.com is a custodial wallet and have no private key given to users just like you said but the company manage the private keys themselves. Everything you said about them is correct but there is another coinbase wallet called coinbase wallet app, it is a noncustodial wallet. It will generate you seed 12 phrase. The private key to the seed phrase can not be seen on the wallet directly. I have just used iancoleman just 5 minutes ago, the seed phrase is truly BIP39, iancoleman generates the private key for me. For priove, if you have an Android device, just download the wallet and generate your seed phrase, then use iancoleman to get your private key. On Android Link to coinbase wallet app download: https://play.google.com/store/apps/details?id=org.toshiLink to coinbase.com download: https://play.google.com/store/apps/details?id=com.coinbase.androidSecondly, the coinbase wallet app (not coinbase.com) also support both segwit and legacy addresses  |
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Still a few open slots, those who were not wearing the sig n avatar were mostly skipped. Spreadsheet is posted as well, so check n see if you got in.
Reapplying. Signature and avatar updated this time. |
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In Portfolio view of my Coinbase account, the coins purchased are in wallet.
What is the difference b/w this wallet and Coinbase Wallet app.
Coinbase.com is a wallet but a custodial wallet, you do not hold the private key, coinbase do hold the key which means you do not have the full control of the funds on it, you only control it when coinbase allow you to control it, thy can freeze your account in a way you will not be able to use the coin because you do not habe the private keys to the cryptocurrencies stored on the wallet. On the other hand, coinbase wallet app have seed phrase, I have used the seed phrase to get private key before, but it can not be shown on the wallet unless you use tools to know the private key. Which means the private key is the BIP39 one that generates private key which unlocks bitcoin stored on blockchain by the owner.if you have the coinbase wallet app means you you will have seed that will generate you private key that makes you to have the full control over any coin stored on the private keys. |
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Nothing would change, everything would be the same as it is now, it'd just be a lot longer timeframe until all were mined. And why are you pondering such things OP, you wouldn't want there to be a billion ;P
There will be many chances, the price will be low but the gain will be the same. It can happen in another way because if the supply is too much and the price is low, when the rise was rising, it may not attack peoples attention, it can also be in a way that price may not like bitcoin and go for the better ones. The 21 million supply is perfect for bitcoin, it is one of the goal-driven achievements that has led to demand for bitcoin to be increasing. I get your point because if the supply increase, the price can reduce but it all depends on the adoption, if adopted like now, the gain will be like now too but only the price will not be like now but reduced. |
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What I just know is that we can never think the same way, crypto have both positive and negative effect, not all know about cryptocurrency, if this kind of people know about how people were scammed in ICO prohmjects in the past and how DeFi projects are scamming people now, they will have their conclusion to against crypto generally.
Normally anyone that know about cryptocurrency know how they can maneuver and still survive by profiting from crypto, these type of people will know the good projects to invest on and the one not to invest on. I will not blame the celebrities that against cryptocurrencies and I will like celebrities that talk good about cryptocurrencies.
Only wen I can blame people is when they talk about bitcoin for bad because bitcoin is not just a crypto, it is bitcoin and very different from altcoins, altcoins could have resulted into scam but bitcoin is strong and not like that.
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It is different on your compromise. If the compromise happened directly on Twitter. Hacker changed your Twitter account's password on Twitter, Google has nothing to do and you can not say it is their failure to warn you. Twitter failed to warn you on the compromise instead.
I just added google because it is not good to save password online, but google can not be blamed in this because they are even the one that helped me by notifying me, I did not have them any blame. It is good but did you use 2FA for your Twitter account?
No but I will turn it now from now, thank you for the good suggestion. |
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I am now affraid to provide my information to third party because google that is not safe to use warn me about my twitter account password that has been compromised recently, I do not know if this is true but I believe it can not be lie, I changed my twitter account password immediately. I have forgotten that I back up on google, I removed the back up immediately because of what I learn from our forum bitcointalk that it is not also safe to have back up online.  I have read somewhere before about making use of blockchain to store data, I believe the strongest blockchain can be able to do that which is bitcoin blockchain. If blockchain is not hacked and unable to be attacked the data stored will be safe. I was and I am still wondering why third parties are not using blockchain to store customer data because it will be the safest. They use their own centralized data base that are often susceptible to hackers and now our data are no more safe. There are some people that will just be emailed and they will not know that it is from hackers, they will be scammed by that unless they know about such attack. Why are third parties are not using bitcoin biockchian or blockchain to store customers data? If they use it to store customers data, information will not be leaked? Like bitcoin I assumed YES. Or are the third parties affraid because they want to be always centralized? What is the remedy to customer data leakage? |
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@yahoo62278. Please we are not given username and also no space to register username along while signing up. What are we going to do about this?
Sorry for the question, I have seen where I can register the name, it worked perfectly.
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Bitcointalk Username: Oshosondy Profile link: https://bitcointalk.org/index.php?action=profile;u=2819049Btc Address: bc1q2sefg02mlpc3muyuzx3exn5nadx74k9zzu5lkr Post Count: 2252 (including this one) WINZ.IO Name: Oshosondy Forum Rank: Full membr I will update the signature code if I am accepted. |
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I’ve checked my data again just in case, and it’s consistent. Here is the update as of last Friday (same context: account created during 2020, non-banned, and merited at some point): rank ProbableInitialRank nUsers
Sr. Member New Era Newbie 8
Full Member New Era Newbie 17
Member New Era Newbie 142
Jr. Member New Era Newbie 458
Newbie New Era Newbie 1482
Brand new Brand New 10
I was happy to be among the members that made it to full member, I thought I was poor to post but I have seen that only just 17 people among us that created an account 2020 got to full member it is a nice thing to know. This shown let us know about how truly difficult has been for people to rank up, lesser people ranked up to senior member, everything is getting more difficult but it is good because it makes the forum to be in form of a pyramid. The good posters ranked while the majority at the bottom of the pyramid are not good posters. Pyramid structure is a functionality of surviving systems, the merit of a thing makes this possible. |
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I learn bitcointalk is the greatest crypto forum ever, I learn that it is the first ever also, I learn that Satoshi Nakamoto the found of bitcoin is also the founder of bitcointalk. I learn how foolish I was not to know about how bitcoin is, but this forum makes me to realize bitcoin is just a unique asset on its own, I learnt how to play around with scammers with any of them to scm me because I know their trucks which can not lead to any thing. I learn about how to communicate with people, I learn and I want to contribute. This forum is a learn process on its own, we will continue learning, be able to make use of bitcoin, and know more about life.
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With the picture I saw from the link you provided, this should not be advisable because it looks absurd, miners like GPU do hot to the extent it has set some mining farms ablazed. it will be dangerous to use car to mine, I mean having the mining rigs inside car. It can be that the battery can power it like it is said in the OP board but what about the hit, it is good for us to not risk what we know can be dangerous. Mining should be done in the official way, to use ASIC is the best, only ASIC can mine bitcoin now, GPU will only lead to loss and not advisable. |
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That is why we need forum like this, many people are scammed because they are ignorant of such scam. Like a day a guy added me and chatted with me on telegram, we chatted and he is a stranger, he later realized he is just wasting his time and chatted me no more. Also was another one also on telegram, that was the first airdrop I participated, I was told to pay vip fee, how would I, but many people will pay that fee and will be scammed.
Some people do not maintain privacy online, not knowing scammers are looking for who to defraud, when they are likely to be a zperfect victim and be scammed. There are also many free airdrops all in the name to earn which most are leading to phishing scam. We need to have more knowledge daily to be able to avoid all these scammers.
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You understood the private key, public address and sign message totally inaccurate.
I do not see your corrections as corrections, except the last mistake that I wanted to write all but changed to altcoins which I will still discuss below. You should read carefully before making comment, private key is needed to sign a message, but it will not be included while signing the message it works underneath, only what are included is the address and the message you want to sign. In order to sign a bitcoin message, you need to have a private key for a public address from which you want to sign a message. In a reverse way, the sign message is to show you are the owner of that address by owning its private key.
Check what I posted. Yes that is true that private key is needed to sign a message
It will require you to enter a password of your wallet. This step is mandatory if you encrypted your wallet. It is a prevention to not allow hacker to be freely sign any message when he find your bitcoin wallet file.
Not password but passphrase, know that passwords are not passphrase. It is not also an encryption but a seed extension. Not all wallets sign a message, not all private keys wallets also sign a message, there are few ones that do it, like electrum and coinomi.
It is not correct (but I don't use Coinomi so I don't know about the wallet). To sign a message, you need a wallet software that support the sign/ verify message feature. The incorrectness is from not all private keys wallets also sign a message, you can import that private key to other wallet softwares to sign a message. Try to correct when appropriate, what are you talking about? You mean all private key wallet sign a message? What about the private key wallets that do not have the software to sign a message like atomic wallet and many other wallets, only few private key wallets sign a message. Do not correct what is right. Say not all private key can sign a message, it is totally not correct.
Can atomic wallet sign a message, is it not a private key wallet, you need to understand about wallet before commenting about them because you are absolutely wrong and saying someone is wrong. All wallets signing a message are altcoins private key wallets while not all private key wallets can sign a message, only few ones do it.
Why altcoins? Corrected, typo error. All wallets signing a message are altcoins all private key wallets while not all private key wallets can sign a message, only few ones do it.
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And yes I'm still new to this signed message thing, and i got a question, does signing a message with said address need the private key?
Of course, you need your private key to access your old wallet for sign message. But if you've never posted that address or PM sent that address to someone in the past, I think maybe your request will be rejected. So the bottom line is that any bitcoin address you have used in the past on forum will serve to prove you are the real owner. Yes that is true that private key is needed to sign a message, but Redoubt should know that the private key is not included while signing, what that are included are just 1. The bitcoin address for signing the message 2. The message that will be signed, after these has been filled, the user can click on sign message, the message will be signed. Not all wallets sign a message, not all private keys wallets also sign a message, there are few ones that do it, like electrum and coinomi. All wallets signing a message are all altcoins private key wallets while not all private key wallets can sign a message, only few ones do. |
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About coin control, thanks for sharing that, this is the first time I am hearing that. I will check my electrum wallet to see how it works. P.S. Even if hackers can track your funds, they can't do anything with it anyway; unless they have control over your wallet's private keys. Heck, you can track Binance's[1] cold wallet that contains 90,000+ BTC. But you can't do anything since you don't have the private keys anyway.
There was a image I saw recently on this forum, that makes me want to have privacy because mistakes can happen, I want privacy in a way my bitcoin will be difficult to tracked to many addresses whereas I am using many addresses, because a single leak can be a problem when the blockchain explorer is available to all. You are very correct and I gained from your comment. It's really costly to use a mixer, you should be ready to spend for the fee if you want to increase your privacy.
Check above, nobody disputed chipmixer to be free but you can pay what you like. Try to use chipmixer as I have been advised if you are using paying ones. |
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I have been thinking of ways to improve my bitcoin spending privacy, I have known little about transaction output that are not spent but back to my wallet change address, I am thinking if this can be tracked on blockchain explorer, it will be very easy for hackers tracking my wallet to easily know many of my bitcoin address. I have been thinking of using mixers, but I do not know about their fee, I do not want to pay much for fee, I also know about wasabi wallet but I need enlightenment about the fee too, I am even thinking to make use of anonymous coins like dash, zcash or monero but the fee to convert to them and from them back to bitcoin are high for me. How can I increase my bitcoin spending privacy and yet using low fee payment.
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You can use coinbase to buy bitcoin, the address which you buy the bitcoin will be given by coinbase and you will be able to access it and use the address to transfer all the bitcoin from coinbase to your hardware wallet. You can not use ledger wallet address to buy from coinbase, you will use coinbase given bitcoin address, but after you make the purchase, then send the bitcoin to your hardware wallet.
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