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1  Economy / Currency exchange / Re: BitValve.com is seeking for Pro Traders - Offering low comission accounts on: November 12, 2019, 04:27:13 PM
BitValve Update: We have officially integrated Ripple (XRP) in our platform. People can login and start exchanging their Ripple for Cash and any other payment method!
2  Economy / Currency exchange / BitValve.com is seeking for Pro Traders - Offering low comission accounts on: August 31, 2019, 06:07:00 PM
n more, please reply here or direct message us.


PS: Mod im not sure if this is the correct place for this thread, so bear with me with if its not.
3  Economy / Service Discussion / Re: New Cryptocurrency Company on: August 30, 2019, 01:39:04 AM
If any company/website that offers too good to be true rates in short period of time (even a 1% earning a day), it's a 100% obvious scam, . Nothing more to say.

Exactly my thoughts. It’s obviously a scam/ponzi scheme and you should never trust such “investments”. Even if you start getting some profit the first month, in the ends it’s aleays the same pyramid scam scheme. Please make a separate thread to warn the community about it.
4  Bitcoin / Bitcoin Discussion / Re: BTC hacked from blockchain wallet on: August 30, 2019, 01:33:14 AM
Unfortunately it’s very hard, if not impossible to prove that it’s blockchains fault. The most probable scenario is that you have been phished, for example when googling “blockchain”, there maybe Advertisements on top of results, which appear to be the same site, but in the end it’s somthing very close like “blockchian.com”.
5  Bitcoin / Bitcoin Discussion / Re: 76% of dark market using Bitcoin on: August 29, 2019, 07:43:41 PM
FIAT currency (CASH) was/is and will remain the king regarding illegal transactions. The fact that many bitcoins are being used on illegal transactions, has nothing to do with bitcoin itself. Bitcoin is something revolutionary and it will depend on how people will use it.
6  Bitcoin / Bitcoin Discussion / Re: Anonymity VS tracing transactions. on: August 29, 2019, 07:42:13 PM
Well Bitcoin (and thus its blockchain) is not really anonymous since everything is being publicly recorded and validated in the blockchain. Many people seem to forget that, unfortunately.
7  Bitcoin / Bitcoin Discussion / Re: In what way bitcoin gets increased usage? on: August 29, 2019, 07:39:07 PM
With more power comes more responsibilities. Bitcoin sure is a powerful technology but there are some problems with it.
For instance, lets assume the whole world starts utilizing bitcoin but since you know that the current volatility is itself too high for an asset just imagine how high it's volatility will reach if the whole world starts utilizing bitcoin. For it to be used globally, it's volatility should be decreased which is kind of difficult as per the current trend.


That is true but lets not forget that if bitcoin starts being utilized then this means that most of the people will use it as a payment method, mostly. Which is way better than using bitcoin as "short term investment" since most of the hodlers seem to be panicking when the price is falling, and everyone is selling. So, if bitcoin starts being accepted everywhere, people will use it and they wont really care much about volatility, since there should be very low volatility, if not none.
8  Bitcoin / Bitcoin Discussion / Re: How to 100% Secure Bitcoin from Thieves / Hackers / Government??? on: August 29, 2019, 07:32:51 PM
I only use windows defender anti-virus for my windows PC. Do i need to install a better anti-virus to
prevent my PC from a hacker? btw I also use ledger nano to hodl my coins.



Ledger Nano and/or Trezor is a good choice ( please read the replies above). Windows are not very "keen" to protect you from "hackers" and/or viruses and i think that Windows Defender is not a good choice for AV. Why dont you download some of the Free Antiviruses available like AVG/Avast etc ?
9  Bitcoin / Bitcoin Discussion / Re: How to 100% Secure Bitcoin from Thieves / Hackers / Government??? on: August 29, 2019, 07:30:53 PM
The seed is actually the 12-24 word seed that you can only use within the hardware device (trezor etc..) in order for the device to recover your funds. Im not sure that you can use these words to recover wallet somewhere else, most probably not. After recovering funds you can then move those funds to any wallet provider software or hardware.
Technically the 24 words are a mnemonic phrase, from which the seed is created, which then in turn is used to derive a HD wallet from.
Ledger, Trezor and other hardware wallets did not invent the technology that is used to do that, they apply several BIPs in their devices for that.
To list them, there would be:
BIP39 - The wordlists used for mnemonic phrases and how to derive seeds from them.
BIP32 - The method to build HD wallets from a seed.
BIP44 - Extending BIP32 via defined derivation paths.

As you can see, the full path from mnemonic phrase up to the private key/public key pair is done using open source technologies, meaning any other software and hardware wallet can implement the exactly same method.
Such has been done ample times and there is a long list of alternative ways to get to your keys and thus funds in case you lose your device / it becomes unusable.



A few more points of information:

Both the Ledger and the Trezor do use proprietary software, but not in the process of generating keypairs.
slush and stick are co-authors of BIP39 & BIP44, and the founders of SatoshiLabs, the company selling Trezors. So while they created some of the software used, they have made it available to everyone.


Okay thats interesting info, that i did not have right in my head. Thanks for for clarifying it, Lutpin.
10  Bitcoin / Bitcoin Discussion / Re: How to 100% Secure Bitcoin from Thieves / Hackers / Government??? on: August 29, 2019, 01:02:00 PM
The hardware manufacturer designed the device to work with other wallet providers, so you only have to use the "seed" that was generated, when you configured the device, to enable you to "import" those coins onto other wallet provider's software.  Grin

You do not have to use your hardware wallet with the software that were provided by the manufacturer, you can use it with other software to access the coins.  Wink  If the company goes bankrupt, other software developers will quickly jump at the opportunity to grab that market with all those customers.  Wink


The seed is actually the 12-24 word seed that you can only use within the hardware device (trezor etc..) in order for the device to recover your funds. Im not sure that you can use these words to recover wallet somewhere else, most probably not. After recovering funds you can then move those funds to any wallet provider software or hardware.
11  Alternate cryptocurrencies / Bounties (Altcoins) / [BOUNTY][SIGNATURE] BITVALVE P2P Cryptocurrency Exchange Signature Campaign on: August 29, 2019, 01:37:58 AM


12  Bitcoin / Bitcoin Discussion / Re: How to 100% Secure Bitcoin from Thieves / Hackers / Government??? on: August 28, 2019, 07:19:35 PM
I really do not know why you guys have that levels of security I had used blockchain.info before but never had any security issues stored a lot of money there but never used anything except 2fa (email and password) that is it.

Actually, you give open holes to hackers otherwise it is not traceable or hackable...

Its not always a good idea to keep your crypto on sites that have your private keys. Its always safer to just have a hardware wallet, or at least have the coins in your own wallet and then only use the online services such as blockchain.info (or why not bitvalve.com)  Cheesy
13  Bitcoin / Bitcoin Discussion / Re: How to 100% Secure Bitcoin from Thieves / Hackers / Government??? on: August 28, 2019, 07:16:29 PM
Apart from all these process of using different wallets for securing the funds you should also have the responsibility that you're a cryptocurrency user. You should not reveal to outsiders that you are a bitcoin user, because in these days of increasing hack and crimes happening to steal bitcoins what we reveal as a pathway and keep on following you.

Totally agree that you shall not really tell anyone your direct involvement with bitcoins.. Especially when the bitcoin price is increasing and its becoming a tp story in the news.
14  Bitcoin / Press / Re: [2019-08-26] Telegram's 300 Million Users Could Soon Be Trading Bitcoin ... on: August 28, 2019, 06:55:31 PM
I know that Press section is being moderated really hard these days, and maybe rightly so, but I think this article by Forbes worth discussing here.



Now, crypto trading is coming to Telegram, a messaging app which boasts more than 300 million users around the world, via bitcoin and cryptocurrency wallet provider Button Wallet.

"Cryptos' biggest obstacle is mass adoption and what we’ve created will help people comfortable with trading cryptocurrency without using real money," said Alex Safonov, co-founder and chief executive of Button Wallet.


Reda more:

https://www.forbes.com/sites/billybambrough/2019/08/26/telegrams-300-million-users-could-soon-be-trading-bitcoin-and-cryptodespite-serious-security-warning/


These actually sound like fantastic news. The more people get *easy* and direct access to crypto, the more the bitcoin and crypto community will benefit!
15  Bitcoin / Bitcoin Discussion / Re: In what way bitcoin gets increased usage? on: August 28, 2019, 06:50:53 PM
For now most people will see it as an Investment, or "store of value". But what we really hope, is for people to see it as Alternate currency/payment method!
16  Bitcoin / Bitcoin Discussion / Re: What if Bitcoin was Created by the CIA, FBI, US Military??? on: August 28, 2019, 06:42:19 PM
Im not sure that FBI or anyone from the government would create something that cant be controlled, or cant be manipulated easily. So the chances of bitcoin being created by them is very low, i would say.
17  Bitcoin / Bitcoin Discussion / Re: How to 100% Secure Bitcoin from Thieves / Hackers / Government??? on: August 28, 2019, 06:39:30 PM
I'm trying to improve/perfect as much as possible the security of my Bitcoin.

My current security is:

1. Use Ledger Nano S to store keys
2. Have 24 word back-up phrase stored in multiple hidden locations that no-one will find
3. Only access my BTC on hard-line internet connection (no wifi to stop hackers intercepting)
4. Only access my BTC on a computer that I rarely use and update the virus software to stop trojan horse/remote access.


I'm wondering a few things though:

1. If the Ledger Nano company goes out of business, where will my keys go? How will I access them?
2. Is there anything else obvious I can/should do to improve this process?

Thanks for any comments or suggestions.

1. Im not very familiar about Ledger nano but having used Trezor, the keys are stored internally in the hardware wallet, so even if the Nano company goes out of business the hardware wallet should still work and it will still contain your keys in it. Meaning you will be able to use them normally.
I would also suggest you to buy a second ledger nano, and just leave it somehwere, just in case you lose the main device. Then with your 24word backup you will be able to recover them on the new wallet.
18  Economy / Service Announcements / BitValve - P2P Crypto Exchange - 0.50% Crypto to Fiat - 0.20% Crypto to Crypto on: August 16, 2019, 01:33:17 PM
We would like to present a P2P Cryptocurrency Exchange, which will release the coming month!

www.BitValve.com
19  Alternate cryptocurrencies / Tokens (Altcoins) / BitValve - Buy Bitcoin, Ethereum, Litecoin with PayPal, Bank and more on: March 27, 2019, 04:39:07 PM
We present

A Full-Featured P2P Cryptocurrency Exchange.

20  Alternate cryptocurrencies / Bounties (Altcoins) / [BOUNTY] BitValve - 2nd Round is LIVE! on: February 20, 2019, 03:30:18 PM
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