Latest posts of: roundhead322

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on: December 02, 2021, 01:03:47 AM

yeh, I guess don't be so stupid is the moral of the story. I found it through a chick I met on tinder. Damn, I did not see that scam coming. Should have done though. Women are always my downfall.

on: December 01, 2021, 11:09:14 PM

Because I'm an idiot and I trusted someone I clearly shouldn't have done. How would I be the owner of the domain? I'm the one complaining it's a scam. I just got ripped off a fortune.

on: December 01, 2021, 11:00:09 PM

yes, you are right. I have made the change in my original post. They want another deposit in order to enable withdrawals. This was final straw for me, this seems totally sketch.

on: December 01, 2021, 10:52:30 PM

Thanks for the reply my friend. Yes, they recently changed the domain from a16zcrypto.xyz to a16zcryptos.xyz Another red flag.

on: December 01, 2021, 10:40:23 PM

Bitcoin Fam, I've gotten myself into a bit of a situation and I need the wisdom of the community to help me out. For reasons too long and convoluted to get into, I have a sizeable sum of money deposited on this exchange: https://a16zcryptos.xyz/ Is this exchange legit? It appears as though it's associated with the company https://a16z.com/ which is definitely legit. Same branding etc. However I'm struggling to verify the link between the two entities. I have approached the company a16z on facebook, twitter, email and asked them if this exchange is associated with them, or if it's a scam exchange but I have received no response. The reason I asked is that the exchange has disabled my withdrawals and the customer service person is demanding KYC information for some regulatory bullshit. However they're also demanding an additional 'deposit' equivalent to 20% of my account value before they can enable withdrawals again. Naturally I was immediately sketched out by this and now think the whole exchange might be a scam. Can anyone please confirm?

on: February 21, 2021, 09:32:55 PM

Quote from: o_e_l_e_o on February 21, 2021, 07:34:37 PM Quote from: roundhead322 on February 21, 2021, 06:30:34 PM Isn't it a little insecure just to have my device choose the seed words? Maybe. If you are using a good open source wallet, then you can review the code and determine how it is generating the entropy which it then uses to generate your seed phrase. If the entropy is generated in a secure and random manner, then it is perfectly safe. If you are using a closed source wallet, however, then you have no idea how the seed phrase is generated and it could indeed by very insecure. I'm using a reputable wallet, I'm sure it secure. How do these wallets typically generate the entropy? Is it based on the time code or device state somehow? Thanks, I appreciate thee reply!

on: February 21, 2021, 06:30:34 PM

Quote from: Lucius on February 21, 2021, 02:27:36 PM We need to distinguish the password that is added to the crypto wallet to encrypt the wallet in a way that we need it whenever we want to open that wallet or make a transaction. If we set such a password in a wallet like Electrum, then we can do recovery with seed without any problems - the password is completely irrelevant in that case. It is quite another thing if we extend our seed with one extra word that we can call paraphrase - because that extra word becomes an integral part of the seed, and if we use only seed without that extra word, we will get a completely different wallet with new coin addresses. Ah I see! Okay I was getting my words confused. One follow up though. Isn't it a little insecure just to have my device choose the seed words? There isn't that many words to choose from and how can I be sure my computer is choosing the words randomly?

on: February 21, 2021, 02:01:19 PM

Hi, there is something about wallets that I don’t understand and I was hoping someone could help me with. Let’s assume I create a simple wallet with a password which I back up in a safe place. If I then try to restore that wallet somewhere else, is the original password used at the time of the wallet creation required? Or can I restore my wallet with just the original seed words? When you first create a wallet, I believe the password is used in conjunction with the seed words to create a root key. So presumably if I want to then restore that wallet somewhere else, I must need to use the original password along with the seed words to reproduce the root key? Is that correct or am I way off base here? Does it differ in anyway depending on the blockchain? Thanks!

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