I say this only now, because tons of people are losing their main chain Bitcoin because of being forced to use other wallet implementation like Electron cash, which has no reputation in Google thus its much harder to see a scam site.  A lot of scam sites are making LOTS of money the past few days because people downloading corrupt versions of the software.

Also, it would be pretty trivial and minimum coding to actually do so.  So, politically I get it, Electrum doesn't support BCC so they don't want to support it in their software.  However, its kind of turning into a train wreck with normal electrum wallet users getting their coins stolen since they didn't download a proper version of "Electron."

Ledger and Trezor handled it ok.

RIP

Bitcoin Core Dev's are the smartest developers in the world.

can anyone explain why a pruned node can't be used as a wallet?

Who remembers when reddit really started to crack down on "doxxing"?  iirc, it was in defense of that /r/CreepShot reddit and some other strange kid porn subreddits, where pervs would take upskirt pics of chicks, then some news reported exposed the main mod there and doxxed his real name.  Then it became a huge "no no" to dox people.  Reddit is a bit of a joke.

http://gawker.com/5950981/unmasking-reddits-violentacrez-the-biggest-troll-on-the-web

This sounds like Trezor is utilizing the BIP39 "Passphrase" option.

https://dcpos.github.io/bip39/

This is a fantastic idea!

OK, thanks.  I think I understand it now.  There is lots of derivation paths than can give you many different HD wallets, all from a single Extended Master Key.

OK, thanks guys for all the helps.  I guess I mostly understand how BIP32 works.  One final question

Using this site as an example

http://bip32.org/


I am using "crazy horse battery staple" passphrase to generate an example BIP32

BIP32 Extended Key
xprv9s21ZrQH143K2JF8RafpqtKiTbsbaxEeUaMnNHsm5o6wCW3z8ySyH4UxFVSfZ8n7ESu7fgir8im bZKLYVBxFPND1pniTZ81vKfd45EHKX73

Inputting this into Electrum, this generates these child address

OK, so if I input the Derived Private Key into Electrum, it generates these addresses
Derived Private Key
xprv9wHokC2KXdTSpEepFcu53hMDUHYfAtTaLEJEMyxBPAMf78hJg17WhL5FyeDUQH5KWmGjGgEb2j7 4gsZqgupWpPbZgP6uFmP8MYEy5BNbyET



So, these address are show 2 different HD address structure child tree generated. 



So, for what you guys tell me here, the BIP32 Extended Key is the true address structure to generate from (the first address list).  So what does the second Derived Private Key represent, since it seems to generate a valid address child chain?

Hello konovalets, thank you for the reply.  So, let me see if I understand correctly?  I have been studying the BIP32 page


BIP Extended Key -> many different Derived Private Key

Derived Private Key + chain code = Extended key


So, which key do I use to import into Electrum or something?

So does generation go like

Private Key -> BIP Extended key -> Child Key ?

I have been trying to study up on BIP32, read the relevant documentation, but still confused on a point

http://bip32.org/

Playing around with codes on this site, I get 2 different xprv keys (the example given is just for the default password "crazy horse battery staple")

BIP32 Extended Key
xprv9s21ZrQH143K2JF8RafpqtKiTbsbaxEeUaMnNHsm5o6wCW3z8ySyH4UxFVSfZ8n7ESu7fgir8im bZKLYVBxFPND1pniTZ81vKfd45EHKX73

Derived Private Key
xprv9wHokC2KXdTSpEepFcu53hMDUHYfAtTaLEJEMyxBPAMf78hJg17WhL5FyeDUQH5KWmGjGgEb2j7 4gsZqgupWpPbZgP6uFmP8MYEy5BNbyET


So I am a bit confused now what the difference is between these 2 xprv keys?  I tried to input both into Electrum recovery wallet, and they both accepted, but gave different address tree structures. 

Can anyone help clear this up for me?

hue hue hue

I think it should be noted, SimpleFX should be given some big warning.  Their swap rates are astronomical, this should definitely be a factor when rating a broker.

what about adding Simplefx to list?

https://bitcointalk.org/index.php?topic=1059253.0

They claim to have no id req for Bitcoin only, and 500x leverage lol

good idea

I guess the veracrypt/PGP solution is a good one too, however this relies on keeping it the cloud which gives a would be hacker a lot of time/opportunity to work at it before you would know about it.

Electrum is a nice wallet, one of the best wallet currently available.  Having word seed is very powerful to restore wallet from 13 words and a great Electrum feature that sets it out.

However, this is also a point of weakness, if someone finds your word seed you are very vulnerable.  What about the option to encrypt your 13 word seed? (similar concept to BIP38)  This way, even if someone breaks into your house/safe and takes your code, there will still be a roadblock to getting your Electrum Wallet.

Bonus Points: Making the decryption time have delay gaps (using graphics card or other implementation), so it takes 30 seconds per attempt, or something similar that VeraCrypt/Trezor does


EDIT: Electrum already has an encrypting algorithm (for encrypting private keys).  Could they just have as an option to run the this identical encryption script on the Seed.  So everything is built in already, just applying it to seed (instead of p-keys).  Ideally the encrypted 13 word seed wouldn't even look like a word list, so people wouldn't know its an electrum seed if they found it, or anything Bitcoin related for that matter (so wouldn't even know how/what/why to crack it)

So like a 13 word seed:
Hello this is my thirteen word seed used for electrum wallet ok thanks

would look like this encrypted (or something)
8hjkdf&f doifsd *U( f8df KJHf 78sdyi7y &*7 dh8 l;df;a[ o8f: f;fsd;  h8f

what payment method did you use?  Are you using Escrow?

Hello, I know that selling BTC for paypal is very risky because people scam and reverse charges, but if anyone is interested I could do an escrow for several days/weeks (enough time for you to withdraw the funds out of your paypal acct and be sure that I won't scam).  I can also send message saying I received everything OK this way its difficult to reverse a paypal transaction with this evidence.

Let me know if anyone has an idea how to safely do this and if you are interested.

or just his post history was wiped

They have probably already been reported for scamming someone and their account is under review.

"bad for crypto"

what a jerk off!