With assumption bitcoin private key length is 256-bit, i can't think it's usual Bitcoin private key. With 70 characters long and each character roughly represent 6 bit, it'll produce about 420 bit character.
With 256 bits, the type of private key will be in hexadecimal format. It consists of 64 characters, each character consists of 4 bits, which makes it to be 256 bits. But the hexadecimal format is the one in 64 characters and it is the original which is used to derive other private key. Adding 01 to it as a suffix to the end of the hexadecimal format will make the private key to be converted from uncompressed to compressed. Uncompressed bse58Check (WIF) format consists of 51 characters. Compressed bse58Check (WIF) format consists of 52 characters. But, in this case, it is about private key base64 (44 characters), while the OP one consist of 70 characters, this makes it not to be bitcoin private key like you commented, no bitcoin private key also have 70 characters. |
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That is true, I have checked it. Even more compact, Base64 representation uses 26 lowercase letters, 26 capital letters, 10 numerals, and 2 more characters such as “+” and “/” to transmit binary data over text-based media such as email. This is what I found out at the other site I mentioned earlier. https://www.garykessler.net/library/base64.htmlBut, this is clearly understandable now. |
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I appreciate the correction, but one more thing. I found something that makes me confused on mastering bitcoin which I did not input yet. Even more compact, Base64 representation uses 26 lowercase letters, 26 capital letters, 10 numerals, and 2 more characters such as “``” and "/" to transmit binary data over text-based media such as email. Which means on master bitcoin, it is indicated that base64 can contain any of these characters along “``” and "/" , but on another site, I saw only /+= |
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I did not go much deeper into checking if the information is true or not, but this will likely be true. First of all, it is good to address the issue of airdrop on its own, and the risk it poses to people that are using it. There was a time in 2020 that I joined one, after the first airdrop I participated in required me to pay a VIP fee after the time to release the airdrop coin was over. I have to pay before I can be given the coin, but I had little experience about how airdrops can scam, and I knew it was 100% scam, and I did not pay such VIP fee. Another one is the means airdrop site will collect participants information after such participants fill in their information with them online, these are often used in phishing attempts by later sending fake emails to the participants. Some can click on the email that will most often direct them to a site they can pay and receive double, or a site in which they can input their wallet seed phrase, or even contain links to malacious malware and the likes. All are just means to scam, any one that follow the instruction will be scammed, the reason the phishing links on email or even text message should not even be click on at all. So, be it legit or fake, I always strongly advice people not to do it. Although, some people knows their way and still do it but protecting themselves, but there are many newbies that will fall for this scam. One of the most common Telegram channels, Airdrop6, has been hacked for several days. They've had hold of the channel for days, and I've seen a series of odd posts that ask users to send ETH and receive double in 24 hours.
This has been happening often, but the fact still remain that ones a site demand you to pay for what supposed to be free, do not pay. Even if it is legit site, it has turned to scam. Recently, there was even time a domain of a decentralized exchange was hijacked by scammers, in which the site is hijacked and direct users to a page to input their seed phrase. What is the wallet instruction? Never reveal your seed phrase to anyone. In this case, even if the telegram group has been hijacked, users should know how to protect themselves from being scammed while airdrop is also a way some people can be a scam victim. |
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Also, real people who are trying to send money now have to wait longer for their transactions to confirm because of a bunch of message "transactions" in the mempool (unconfirmed transaction waiting list).
It does not necessarily have to be bitcoin blockchain, that is the approach towards achieving web 3.0, in which blockchain will be used to store data like vidoes or any of such, rather than relying on centralized organizations. |
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Literally anything can be stored on blockchain, but stored not for privacy, but for easy accessibility and robustness internet. This seem more like young for now, but there are more approaches towards achieving decentralized internet (web 3.0) which will make your aim fulfilled. In this case, there will be miners that will make use of their computers or maybe other powerful equipments to store the data on blockchain which will be available for public to access.
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Charles-Tim is incorrect about it not being base64, though he might be correct about it not being a private key.
I did not mean that, what I meant is that it is not a bitcoin private key. All base 64 bitcoin private keys have base 64 representation, but not all base 64 representation are base 64 bitcoin private key. Base 64 representation can contain: - any of the 26 uppercase
- any of the 26 lowercase
- any of the 10 numerals (0-9)
- two other characters like /, =, + (but / and = for bitcoin base 64 private key)
Sounds like it probably is base64, but perhaps not a private key.
Exactly what I meant. It is not base 64 bitcoin private key. |
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Base 64 private key will look like this:
Private Key Base64 (44 characters):
cSRchRuIIwpI5MTS0Em6aD2u21R1NZNspw1ed3e/1TI=
If not containing / and =, that means it can not work. Also + should not be included, which also indicates it not to be bitcoin private key.
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You are really getting it wrong, Trezor will only generate the mnemonic (seed phrase) in which your friend supposed to have its backup offline for safety, Trezor will never generate you private key directly, neither can you import private key into Trezor. If true your friend is using Trezor, he will have a seed phrase he will use for the wallet recovery.
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To be sincere, I have just learnt about the flag thing now, although I found it easy to support or oppose, and I have done just that as I support the flag. Thanks for letting me know. |
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This is just an obvious scam, I have just gone through the domain information of the fake bitcoin mixer, I wonder how a mixer with a domain name registered 2 days ago have a daily mix total of 724.59 BTC.   It is just a scam site. |
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According to the number 7 of the forum rules: No begging. Making use of the report button will be best, easy way for such people to be banned. 7. No begging.
Do they believe that we'll take them[1] seriously?
Scammers believe people can easily be convinced, but I doubt such giving can happen on this forum because we know a lot about scam and how to avoid. Is there anyone that believes them and sends money to strangers? Is there anyone that doesn't have enough problems in his/her life and wants to give a part of his fortune to strangers?
Online strangers demanding for bitcoin or altcoin are scammers, I can never believe in such. |
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(A). Bitcoin is not designed for mass adoption/acceptance;
Then, why bitcoin. Masses are using it now. (C). No regulation.
Considering the fact that anyone can just use btc for any kind of transaction (purchase of illegal merchandise, weapons etc) without any regulation or trace is scary to think of. Because of this scare, many governments having considered it, are trying to be able to checkmate the entry and exit point of the crypto currency.
Terrorists have been existing before the creation of bitcoin, and they are using fiat. Criminals have been existing before the creation of bitcoin. (D). No accountability.
The people in charge that govern and control how things work in the network and Blockchain are still very anonymous to many and as a result, many find it difficult to trust the system.
Bitcoin is not controlled or governed by anybody, it is completely created with open source codes and completely decentralized in design. (E). Highly volatile nature.
Bitcoin is highly susceptible to rapid change, many countries, companies and individuals for this purpose find it too unpredictable to be used as currency.
Highly volatile but deflationary if you are patient. For companies to use it, there are many companies using it now, example is Tesla accepting it for car purchase, while many companies has been using it before now and many will still use it. Did you think fiat is not worse? Fiat is inflationary and susceptible to devaluation. Institutions dealing with bitcoin now are having rapid growth. (F). It is easy to make a mistake because of the cryptographic nature of the address when sending it to someone for a transaction. It is very difficult to keep to memory your btc address.
Good to learn about it before using it. Mistakes are more in altcoins, while I will not regard altcoin mistake to bitcoin mistake. (G). The burden one has to bear in terms of their account management and personal financial security is too much for some to handle.
Mine is simple, which makes you completely wrong. Learn how to safetly hold and uses bitcoin, it is money, also an asset, it brings privacy. So, learning how to safely hold and use bitcoin is paramount. If you do not want to learn it, then go for custodial services, but for privacy learning it is very important. |
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Ledger Nano X can have a mobile app, but it is not a mobile wallet, it is a hardware wallet which only should be listed among hardware wallets. Also surprising electrum is not part of the best mobile wallet, an open source wallet like elelctrum is best on computers but it is also having a mobile app which is still one of the best wallet to safe bitcoin. Coinomi went open source to close source, good for altcoins, but prefer electrum for bitcoin, while close source wallets should not be trusted because the source code is not available to the public, while most wallets existing now are close source, that is why I still prefer electrum and mycelium as mobile wallet. About edge wallet, I find it difficult to get my seed phrase, I think the wallet is not a privacy wallet in which seed phrase is not generated. Zengo will be the worst, because it requires email and probably not a private key wallet, I can not use such a wallet for bitcoin storage.
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Wait, thought I have already seen a news that the Nigerian vice president is not in support of the ban of Bitcoin and has already said that they (Central Bank of Nigeria) should lift the ban on bitcoin and instead create rules to regulate it?
If the vice president has really said that, then they have no other option than to lift the ban soon, I guess the reason they have not lifted the ban till now is because they are still working on ways that they are going to regulate it. And let’s be true to ourselves, them banning Bitcoin doesn’t make any sense since people are now switching to P2P, so how exactly have they banned it? Lol.
Yes, the vice president of Nigeria is in support of cryptocurrencies, but he has no power to make CBN to lift off the ban, he only encouraged them not to fear, that the world is change, and that Nigeria should blend with the changes, rather than banning what could be beneficial tomorrow for the country. So, the president only advice the CBN in his speech in a summit. Nigerian crypto traders have resorted to p2p which is better and far more encouraging privacy than direct bank transactions from/to crypo institutions like exchanges. |
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This as a means of policing the forum. No police, more crimes.
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Before downloading app, we should not consider people that gives feedback, most of them are the scammers behind phishing apps. The number of people that downloaded the wallet can be considered, if only 100 or fee people download the app, it is fake app, you can see from below how the original Exodus wallet has 1 million of people and more that downloaded it. The fake one is also new on the playstore unlike the original one which released on playstore sice June 6, 2019.
On Google play store, the Original Exodus wallet  
The one below is fake, thanks to TheNineClub for the find out. Fake Exodus  |
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Both Mycelium and Coinbase wallets give you full control over your coins. In both of wallets, you can export your seed phrase and recover your fund in the case they are not available for any reason.
I know you know about this, but for mistake to be avoided, we need to let OP have some certain information about Coinbase. There are two types of coinbase wallet, and also Coinbase have an exchange. For Android Coinbase.com wallet which as no private key given to users, the exchange manage the private key. Users do not have the full control over their coin. Not recommendable. Coinbase wallet app has a private key, but the risks of cloud backup should be reiterated as the wallet encourages online backup, offline backup should be encouraged. Coinbase pro (Coinbase exchange), exchanges not recommendable. And for holding, paper, airgapped and hardware wallets are recommended because they all safe private key offline while hardware is easier to use among the three. |
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It depends on the amount you want to hold and how expert you are to protect your coins. The recommended wallets for hodl are cold wallets (paper wallet, airgapped wallet, or electrum wallet in cold storage form, and for ease of use a hardware wallet like trezor and ledger nano).
There are two types of coinbase wallet, the coinbase.com is a api wallet which is custodial, in which you will not have the private key to your coins, coinbase will have the private key, which means you are not the owner of the coin on bitcoin blockchain, in this case, they will tell you that you have the full control over your coins, but it is not true, they can freeze your account, make some certain inconveniences at times in a way you will not be able to withdraw your bitcoin, I will not consider it at all in this case. The other one is the coinbase wallet app, you will have private key on the coinbase wallet app, and have the full control, but there are some reasons I do not like the wallet, like encouraging people to save their seed phrase on online cloud, while it is easy to do but not recommended for safety reasons. Seed phrase or other backup are safest offline.
Mycelium is a good wallet, it is noncustododial, and one of the best mobile wallets, but it is online. You will have full control over your coin as you have the private key which will be generated through the seed phrase, but using it to hold small amount is not bad, but if you want to hold huge amount, it will be good to consider paper, airgapped or hardware wallets to hodl.
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So, basically it was a loss for me as I had to pay fee, I had to pay withdrawal fee. At the end, I got what I had deposited.
We must avoid using such low quality or low liquidity exchanges. Most of the times, you will be ripped.
That is one thing about shitcoins, this coin only still worth around $150 million and the marketcap was lower before, in such case for low value coins like this, you can check sites like Coinmarketcap to know the exchange trading volume information about this coin, you should have gone for the exchange that has its highest trading volume, this could be what you need for such coin, you make use of an exchange that have low trading volume of a coin that is not strong but yet shitcoin. Also, another thing is that, if you have a goal before that if the coin increased in price and reach $1 that you will sell it, it will be better to have a pre-order at $1, in this case, you will have high priority to be included among one of the people that will sell the coin at $1, but the coin getting to that price already before making order will make it difficult to achieve, many people would have automatically sold at the time if they have pre-ordered for sell at such certain price which the coin reached, while being a shitcoin, it will remain people to reduce the price to be able to sell it. |
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