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Is the site still online? I am getting a Cloudflare Error 523 when I try to visit it.
Regarding purchases made with bitcoin. I occasionally spend a few coins when I am on holiday. I have spent bitcoin on airline tickets and accommodation in the past. I am not a big fan of carrying bitcoin with me when I travel because most of it is in cold storage.
A tech shop near my place of living has started accepting crypto a few months ago. Since my TV is starting to show the occasional stuck pixel here an there, it's time for a change. A new TV is going to be my next investment.
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Well i did notice on reddit on coinbase, tons of people everyday seem to file complaints and complain they are hacked. I had no idea of this. Did any of you aware of this? Literally, theres complaints everyday of accounts getting hacked. In those cases, all the customers are screwed right since its not coinbase fault but the customers negligence? And tomorrow, one of those complaints could be yours for failing to understand anything people have told you in the last 3-4 years. To wrap up: The best thing for you jerry0, is to keep your coins on Coinbase. For all other beginners reading this thread, don't be like jerry. You know what to do. |
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I have never considered jerry to be an account farmer and none of his two accounts are part of any signature campaigns. It is very unlikely he will get merits because chances are much bigger that he will piss people of with his walls of text and ignorance. dkbit98 and LoyceV putting him on their ignore lists are just two examples of that.
I would love to have voted, but I think your poll misses something along the lines of scared, fragile, and mentally unstable. I am not saying that to offend him or make fun of any mental disorders he might or might not have, he just strikes me as the kind of guy who spends an hour deciding what kind of jacket he should wear before he goes out. Calculating the pros and cons of all the jackets he has. I think he just wants someone to say that his methods of storing his sensitive data are good and he might stop. He is never going to use passphrases or airgapped solutions.
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@mersal
Riddle solved!
That's correct. A dust attack is an attempt to try and identify a user and discover other coins that belong to him. If a received dust transaction gets consolidated with other UTXO's and sent to an exchange where the customer performed KYC, it's possible to find the real identity of the person behind certain addresses. The worst thing that can happen is that the government and other 3rd parties (potentially malicious ones) will know how much bitcoin Brian has.
Receiving dust transactions can't result in your wallet getting hacked or your coins being stolen. The easiest way to deal with dust transactions in Electrum is through the Coins tab. You just right click on the input, and click on freeze coin or freeze address. If the dust was sent to an address that already contains coins, freezing just that dust input would allow the user to spend the remaining UTXOs from that address. Freezing the whole address wouldn't make that possible.
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Riddle #6
Brian is a regular bitcoin user. He is often paid in crypto for the services he offers and is happy when he sees his wealth increase. Just like many other people, his wallet of choice is the user-friendly and straightforward Electrum client
One day as he was going over all the received transactions for that week, he noticed that an unknown address sent him around 600 satoshis two days ago. He knows that the sending address doesn't belong to any of his friends or clients, and the received amount is too small for a service that he offers.
Brians starts doing some research, and he learns about dust attacks and their dangers. He doesn't want anyone to infringe on his privacy or realise how much bitcoin he owns, and he needs to find a way to deal with this dust attack.
Why was that small amount of bitcoin sent to him, and what can he do to ensure he never spends those coins?
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Actually, satoshi himself used the term "block chain" but later widely used and accepted by users as "blockchain". That's true, he did. When I went through Satoshi's posts to write My investigation on satoshi, I found numerous examples where he referred to the chain of blocks as "block chain" and not "blockchain". He also used the terms "inpoints" and "outpoints" when talking about "inputs" and "outputs", and that is not something I have seen anyone else do from what I can remember. |
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@Barota
Waste of time or not, that is what the FortuneJack team requires from you. If you are a legit player, you are not multi-accounting, or accessing the casino from a restricted jurisdiction, you should have nothing to worry about. Submit your documents and wait for them to reply back. Your case won't be handled faster if you keep calling them scammers. You either do what they say or you don't. It's all up to you.
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@Kakmakr. Are those streams for 100% free if I have not made the bets through Stake? Stake.com streams are absolutely free. I can confirm this because I tested their streaming services a few weeks ago and wrote a thread about it. I tested streams for many sports and could view all of them. The only thing which could prevent you from enjoying live streaming is if you reside in a country where the service isn't offered. To know which countries are restricted, you would have to get in touch with their support staff. I haven't been able to find this info on their site. |
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I have never used Electron Cash, but could it be an issue with the wrong derivation path? Do you still have Ledger Live? Can you run it, access your account (you don't need your hardware wallet for that), click on the gear icon or settings, and check what the derivation path of your account is?
If not, I think Ledger uses m/44'/145'/0'/ for bitcoin cash, at least that's what is being suggested on reddit.
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I found a site called mybtc.ca which has an interac service, and claims to be accepted by all Canadian banks. Are they legit? mybtc.ca is on the list of platforms that Canadian citizens can use to purchase bitcoin, but its cons are high fees and KYC requirements. Here is a list where you can find some other recommended sites > https://www.buybitcoinworldwide.com/canada/But there is no need to run away! There are still millions of ways to buy bitcoins. Buy a US dollar with a credit card using Payeer or PayPal, Then transfer this money to exchanges (in case Payeer Deposit) or find people who accept PayPal in exchange for cryptocurrency like many people in this forum. It's Payoneer, not Payeer. Officially, Payoneer does not allow its customers to purchase cryptocurrencies through its services. Unofficially, you can always risk it and see if you get away with it. PayPal doesn't allow you to buy crypto either. They are offering a service for US citizens only that allows them to purchase an interest in bitcoin, but that is not a real coin. You can't withdraw it or send it to your own private wallet outside of PayPal. You can only exchange it back to fiat on PayPal. PayPal transactions are reversible. You better make sure you trust the other party if he pays via PayPal that he wont make a chargeback. |
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Many who were into cryptocurrency are now expert in the crypto world and living large. Today am so glad to be in this forum to learn and get more knowledge about cryptocurrency. I wouldn't call them experts. Some people had the foresight and belief that crypto might one day explode and reach the heights that we see today, but others were just lucky to be at the right place on the right time. Just take a look at the early bitcoin faucets for example. Gavin Andresen's faucet handed out 5 bitcoins per visit. Those 5 bitcoins alone would today be enough to solve the financial difficulties of most people for many years ahead. And you could have been persuaded by a friend to try and claim it. |
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Go the safer route and purchase a Ledger[1] or Trezor[2] hardware wallet. Hardware wallets aren't exactly suitable to receive multiple small transactions like mining rewards. Ledger discussed this a while back in their blog. It can lead to all kinds of problems with synchronization and negative affects while sending money from your Ledger Live addresses and LL. Some of these issues could probably be solved by using Electrum. It might be better if OP used a multi-coin wallet like Coinomi or Trust Wallet, and consolidate all his inputs into one. That could then be sent to an address generated by his hardware wallet. |
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I mean... if you have three separate emails that you used... or you create them... wouldn't you say its kind of hard to forget your email if say two of them you use you been using for years? Hard to forget those emails don't you agree? Of course you have to remember one new email. But yea higher chance of data loss this way etc. Do you think that one day you will get old and forgetful and your memory might not be as good as it is now? People get Alzheimer's disease or have traffic accidents where they lose their memory. You are coming up with all these ridiculous scenarios of someone stealing your coins or you storing them in various safety deposit boxes, but have you considered the consequences of a drunk driver hitting you with his car while you cross the road? What happens with your memory then? Or if you die. How will your heirs know your passwords without a paper copy? Well that does seem good for someone who has a mobile lifestyle... you have to agree on that right? I mean... look at those ppl who travel a lot and use crypto for everything. Storing it in cloud would make sense since they have it anywhere they go without losing a paper... but yea online risk is very high. What is it exactly that you want us to say? It feels like you are looking for recognition that your way of doing things is good and the recommendations being thrown your way are just walls of text that shouldn't be considered. I also found out about coinbase vaults recently. You obviously are completely against this right? For some reason i think this is very good idea because i read you could whitelist addresses etc. And thus you dont need to ever remember your seed or write it down. Whitelisting addresses makes it safe to store coins on a centralized exchange? You really don't understand the basics of financial freedom or being in true possession of your money. Also as long as you submit your documents, coinbase more often than not would reactivate your account. If more often than not is fine with you, what are you waiting for? Give them everything. |
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Ist das ein Reflink? Nein ist es nicht. Es ist ein direkter Link zu dem Bitcoin Verkäufer den ich erwähnt habe. Das ist der Link zu seinem Profil. Du kannst sehen dass der kaufbetrag bei ihm bei 4€ beginnt. Ich denke, er ist der einzige der bereit ist so kleine Mengen an Bitcoins zu verkaufen. |
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Du kannst ja auch kleine Mengen Bitcoin auf localcryptos.com kaufen. Du kannst zum Beispiel einen Deal mit BrexitKing für 4€ abschließen. Aber er akzeptiert nur Zahlungen über Skrill, und das kann für einige ein Problem sein. |
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I don't need a hardware wallet to keep my Bitcoin safe. Electrum wallet is enough for me. An Electrum wallet on an offline computer coupled with a master public key inserted in a computer connected to the internet is a good choice in terms of security. But if you have Electrum installed on a computer that is constantly connected to the internet and you use it daily for various things, you are better off with a decent hardware wallet. It's especially dangerous if your are into torrents, pirated software, porn, etc. |
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A paper wallet is a type of cold storage method for storing bitcoin. Installing Electrum on an offline device is another type of offline cold storage. The name is really not important. Even if you engrave your private key or seed on metal or on a piece of wood, you would still have to call it a paper wallet, because that's the industrywide accepted term. We don't have metal or wood wallets.
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I agree with you that Shamir's Secret Sharing is the better scheme in this scenario. But regarding the part of your post I quoted below: If you want to split your seed phrase, this is a bad way to do it for two reasons. First of all, you have no redundancy in that set up. If you lose a share, then you have lost all the data on that share and you cannot recover it. To prevent this you would need to make two copies of each share, but that also necessitates renting double the number of boxes. Secondly, each share provides some info about your seed phrase. If you split your seed phrase in to three, then two shares is enough for an attacker to brute force the remaining words. If an attacker can brute force the rest of your recovery phrase by finding 2/3 of it, you could do the same if you lose 1/3 of it. Unless of course you are unlucky and you lose 2 parts of your seed. That would make the success rate of a brute force negligible. |
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The extending your seed thing... i know its an advanced step but for some reason i just dont feel comfortable doing it with one device for some reason. No one is forcing you to do it. You are the one putting unnecessary pressure on yourself to have a passphrase while you are still struggling with the basics. Are you people storing passphrase in different location from your seed then? Yea i know you should always write passphrase down just in case. So its like you need to make sure this word is far away from your seed? Yes, they have to be separate one from the other. There is no purpose in having a passphrase to prove an additional layer of security if that security can be compromised by finding both the seed and passphrase on the same paper. But the way people say keep multiple backups, it seems like ppl say just backup your seed in multiple usb sticks encrypted etc. No one has said or recommended that to you. But for some reason, your brain understands tips like don't store your seed online or in a digital format as keep your seed on a password manager or USB drive. But someone mentioned you could also put it in a airtight container with those gel packs to keep moisture out so thats a way to protect it. Or even better, don't store your seed on a USB drive. Yea human memory is bad and will fail. I got to wonder... what percentage of ppl actually remember the password in their head? For the love of God, how would HCP or anyone else possible know that? I also just thought about one last idea. I know you going to hate it because well its an online cloud solution. But you get a brand new computer or wiped computer... download password manager. Enter half your seed on it. Then upload it to dropbox or gmail. Then you do the same thing with the other half of the seed in another password manager but do this with another dropbox/gmail of yours. Then to make it even more secure, get a passphrase and put that in a different password manager copy. While you are doing this, make sure this device is a brand new or wiped laptop. That's the way to do it, please do that. The only thing is you need to make sure you never forget your three email addresses and passwords and of course your password manager password. That isn't that bad right? No, it's revolutionary. Why memorize just one passphrase, when you can memorize 3 email addresses and their 3 passwords + the password of your password manager. Do you see a flaw with this though? None, whatsoever. It's so fulfilling to see that you have adopted so much knowledge in all these years. You were just a baby when you came here, and no you are ready to take on the world. |
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Now the more I think about it... if you keep it in an exchange but very reputable... think coinbase/gemini or maybe kraken/binance... isn't that pretty damn safe? Sure, it's very secure. I mean what could possibly go wrong by storing your coins with a third party? The words MT. Gox come to my mind. Have you heard of it? It was a reputable exchange that facilitated 2/3 of all bitcoin transactions worldwide in its prime. It's estimated that 850.000 bitcoins were hacked and stolen from MT. Gox several years ago. So much for "pretty damn safe", eh? The thing is what does that protect you against? I mean if someone hacks your account somehow because you didn't have two factor authorization, then you are screwed right? But what if you have two factor authorization and someone does that sim swap i heard of? What happens then? You are screwed again! I do know if you use your phone as your two factor authorization and you lose it or it broke, its a huge hassle contacting coinbase as i recall this a while back. You had to reverify your documents if for example you lost your coinbase secret key right? Because a while back my phone which was my two factor authorization... i forgot if i used authy or google authenticator but i know i didn't have my secret key. Is that the coinbase key? But after a while, they were able to confirm my account. And despite all that, you are considering keeping your coins in Coinbase? More precisely, you already sent coins their way to test out your Nano S theories. Yes I know people say don't store it in an exchange... but isn't coinbase or gemini as safe as you can get? Compared to unknown, low traffic exchanges, Coinbase and Gemini are "safer", but they are still not "safe". The term worth highlighting is exchange! It's a website where you move your coins to exchange them for other assets, and move them back into private wallets when you are done. I read people say for the average retail investor, storing your coins on coinbase is the easiest way. Since when is the easiest way the safest way? Shouldn't you be concerned with the safety of your funds, and not what is easier and more convenient for you? It's even quicker if you send the coins to a random person on the Internet for him to store, but what do you think, is it safer than holding them yourself? |
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