Also sounds like a kid in the back seat and the adult in the front.
Haha and this wallet has been used actually. There are transactions.
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Just as an example, the following is a valid seed phrase: office smoke grid creek office smoke grid creek office smoke grid credit
It's produced by the following entropy 10011001100110011001100110011001100110011001100110011001100110011001100110011001100110011001100110011001100110011001100110011001
As you can see the pattern is repetitive. Of course I produced it manually but every entropy generator must have the exact same probability for each word. As oeleo said above, each word has the exact same possibility of appearing next, which is 1 out of 2048 By the way, the following is also valid: zoo zoo zoo zoo zoo zoo zoo zoo zoo zoo zoo wrong
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Yes, the high probability is that the users' own errors. Getting professionals' opinions make newbies like me feel ease.
Sure just make sure to choose carefully who you trust.
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Edit: Yes, that's me, too. I also ask for feedback on Reddit and SN, but I feel like there aren't as much people who know as much about the technical side as there are here. The content really is mine. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Alright, sorry for asking! He don't ask question, but ask for feedback about what he write.
Hey there, yes, i've wrote it all myself. I wanna know if there's anything inherently wrong in what I've written, as well as if there's anything to change or add in order to make it better understandable as a whole.
So yeah it looks good, I will read it again later and if needed I will update this post.
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<~>
Did you write this? Also, what is the question?
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The theft of the Trezor hardware wallet is the most serious. Is it possible that there is a bad man inside the Trezor company who left a backdoor in the manufacturing process of a small number of wallets? And the genuine firmware of Trezor and Trezor Suite did not recognize it?
In terms of the "stolen" reviews you have found - do any of them actually provide any details? It is easy for a competitor to post fake reviews, and we've also seen countless users on this forum make posts blaming their hardware wallet for the funds being stolen, and it almost always turns out to be a mistake the user has made instead (such as storing their seed phrase in their emails). I wouldn't pick a Trezor device for many reasons, their anti-privacy and pro-censorship stance being the main one, but I also doubt any of these "stolen" reviews are true.
Well I have heard rumours about Trezor funds being stolen. I have heard of someone who claimed money loss but he had forgotten his passphrase. This means that it wasn't due to the company. Here is another example of this situation: https://www.reddit.com/r/TREZOR/comments/sfpotu/lost_passphrase/Let's say that a company ABC produces a HW and you buy it and use it. After a month, you lose an amount of BTC. In my opinion, chances are almost 100% that it is a user mistake, provided of course that the HW and the company ABC is reputable and trusted, and provided that you have bought it straight from the company and not from a reseller. It all comes down to us after all. I have also lost a small amount of money from a hot wallet I owned: https://bitcointalk.org/index.php?topic=5461230.0 . Personally I had made a ton of mistakes, so...
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Has anyone managed to use Sentinel for monitoring multisig wallets? It looks like it only supports single xpubs. It used to be this way in the past, but I was wondering whether they have changed it in the current update.
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Am I the only one who uses coin control as the default option? Whenever I want to make a payment, I start by selecting the UTXOs I wish to spend. There are lots of reasons you should do this over automatic selection. Privacy is the biggest one, as has been discussed already. I want to spend specific UTXOs for specific things, and I definitely don't want my wallet automatically consolidating UTXOs I don't want spent together. I also don't want my wallet to consolidate UTXOs in a transaction where I am paying an above average fee for a faster confirmation - I'll consolidate any UTXOs in a combination I choose, at a fee I choose, and at a time I choose. If I select UTXOs manually, I can select one(s) to create an appropriately sized change output and not be left with dust, or spend the change somewhere else simultaneously, or create no change at all in the first place. It saves me money and fees in the long run, and protects my privacy while doing so. Why would you not use it?
I wouldn't even dream of using a wallet which does not offer manual coin control, and I'd quite like to have the option to turn off automatic coin selection altogether to eliminate the risk of making a mistake.
No you are not the only one. As I said, I also do it. My sparrow wallet is always opened on the "UTXO" tab. Just like I would do if I needed to get euros out of my physical wallet. It's not like a bank account, where your money is essentially a number on the screen and you just reduce it whenever you spend. As far as consolidation is concerned, I do it only when the sizes of the UTXOs are so low that they can't be used for a payment. And even then, I do it manually.
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So if the user aren't aware of coin control and no nothing about Consolidating UTXOs, that will have no impact on the use and also this does not suggests a bad future for the bitcoin.
Coin control is not important only for consolidating inputs. UTXO management is very important for privacy reasons too. Essentially coin control is like managing the dollar bills in your wallet. Would you pay for potatoes with a $100 bill? Probably not. What I mean is, it is much better to know how to do coin control rather than not. It doesn't suggest a bad future for the bitcoin, but rather a bad future for the coins' owner.
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Thank you all for the replies, apparently I was unaware that in 2017 there was this ICO madness. In fact, I thought this was the case in 2021 with the NFTs.
My original question was targeted to getting a historical explanation because I couldn't find it online. Now that you told me about the ICOs, I can find some results on the internet.
I will lock the topic, since I believe my question is properly answered by all of you.
Once again, thank you all!
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Market dominance of altcoins tends to increase during a bull run as both the old altcoins experience a surge, and new ones come to life and start rising again. This is a common market sentiment during a bull run, but it shouldn't be viewed as a consistent trend because the real market dominance of a particular coin can only be measured when the market is neutral, much like our current situation.
I wouldnt be scared that the dominance of 2017 by Altcoins will happen again because people have seen their value bitcoin holds over them. In that 2017 year what the likes of ripple and Solana promised were fast transaction and people have found a way through that. So I dont think many people will invest in new ICO projects agains like they did before
Yes I realise that. It all comes down to the fact that people want to make a quick buck, so they buy altcoins in the bull run, then they get out and re-buy bitcoin in the bear market.
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Please stop the bullshit comparisons equating Bitcoin with Shitcoin. From whatever aspect you judge, it will not be the same. be it the market cap of ETH, NFTs, etc that I don't want to know more about. Bitcoin's dominance remains a benchmark for why shitcoins can still have play in the market. There will be no signs of capitalist domination of Bitcoin. People will tend to take advantage of Shitcoin which is temporary in order to continue accumulating Bitcoin. Gradually
Hi. I am bitcoin-only too. However, there is no need to tell me what to compare. Feel free not to comment. In 2017 we had ICO mania where everyone, even with an idea of an idea, created a token and pumped altcoin marketcap. in 2021 we had meme coin mania, when you dont even have to have an idea of an idea. You just need a name to lauch a token with milions in marketcap. In addition, a toxic strategy of pumping shsitcoins marketcap has become popular (creating tokens from 1% of units in circulation and the rest 99% is only used to increase the marketcap)
After the ICO mania, I thought that people had become wiser and knew not to invest money in such things. 2021 has proven to me that they are even stupider and more greedy.
I thought 2021 was the original ICO mania, but I was wrong. It was in 2017 but I was unaware of all of that ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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That's right, it was due to the ICOs during that time and the craze was like how people have been into the NFTs. And it's like every week there's a new ICO project and investors are flocking into those projects and filling every crowd sale that they're getting. That was the time that when it's likely every project becomes successful every launch not until the bull run ended and 2018 came and still have tried but that's like the slow death of the ICO era. The same with the NFTs that have been the place of many scams, so do the ICOs were.
ICOs were kind of new and people were new to it and they pumped it and expecting ROI. Not knowing it is like pump and dump ponzi schemes. The price of the altcoins increased significantly. When the bear market came, the altcoins fell in price significantly and some were dead. Altcoins creation and pump makes them to compete with bitcoin and reduce bitcoin dominance.
An important factor was the number of new projects created at that time . At that time ( and earlier ) we had the ICO mania and also the separation of original protocol to branches . .
Since all of you mentioned ICOs, I reckon anyone could start an ICO and just get away with the money. So, could history repeat in the future and have the same impact on the dominance? Does it scare you? Perhaps it makes no difference at all. Another factor is the issuance of coins , bitcoin has one of the lowest "inflations" as most of the supply was issued before 2017 while others continue to increase supply with insane rates
So basically you want to say that there are too many other coins to buy, but a specific amount of BTC to buy, which causes a de facto higher availability of altcoins instead of BTC. Correct?
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According to Coingecko, at the time of writing, BTC dominance is at 49.3%. This lead me to the following chart (by Coingecko), which represents the market dominance history. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F10%2F19%2FRDnom.png&t=663&c=pmNjLPln_U0oAQ) According to this image BTC has always been far ahead from other shitcoins. What I am curious to know is what happened in 2017 and in 2021. I have been searching on the internet and I have found that in 2017 ETH had the Byzantium fork which reduced the block reward from 5 ETH to 3 ETH. But ETH has no max supply so I was expecting that this wouldn't affect its price so much. At the same time, I couldn't really find anything related to Bitcoin in 2017, but I was surprised to see that BTC's price went from $1000 to $20K in a year. So if there was a 20x increase in price, how could the dominance go that low? In 2021, I remember everyone talking about NFTs, so I guess this explains why shitcoins gained market cap.
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Thanks for the info. I have been using Sentinel, connected to my Dojo node for some time. It was good, but I was always curious why it wasn't updated lately. Let's give it a proper test now.
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I always use Bitcoin own node. I just want to know the risks behind using a public node ?
What do you define as "risk"? Also what do you define as a public node? I assume you mean being connected to another node's electrum server. The main threat is not being private. If you connect to my Electrum Server, for example, then my server will scan your addresses and therefore, I will be able to know that they belong to the IP that is used to call my server.
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Hey thanks for the advice.
Does it work on a NUC PC?
It's been years since I had a box with graphics cards.
It can run on a NUC yes! However please note that it is slower than other options and that I have developed it out of curiousity and not to make it a super useful program. Any advice is welcome ofcourse.
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Other open-source hardware wallets (altcoin wallet, not bitcoin only) have few users and less attention, making them less secure.
Having less attention doesn't necessarily make you less secure. In fact it may be the exact opposite. 1) I need a secure wallet to store altcoins, and I believe Trezor should be the best choice. It is the most famous among open-source wallets and has the least possibility of having a backdoor. Even for Trezor, the number of users is only slightly over a million (1M+, according to the official website).
Some years ago (before going Bitcoin-only) I bought a Trezor One and I used it for some altcoins. I was good. I haven't been informed though lately, because since 2020 I am bitcoin-only, so I don't use this wallet (or any other altcoin wallet).
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I think I am gonna go for the 2-of-2 option after all. Also if for whatever reason you want to use more than 3 signatures because maybe you want to stash more than 3 seed phrases in unique locations ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) then you can use a value of M that requires more than (emphasis on more than) 50% of the signatures, but allows for a certain of number of phrases to be lost - so somewhere around 60% - 75% of the phrases being required for recovery. You mean something like a 3-of-5 or a 4-of-7?
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