I have some crypto on a hardware wallet.  It's first point of failure is the loss of private keys, be it fire, theft or ano.

In thinking about how I really should get more proactive about security I have this question - is it possible to bind designated BTC, LTC or other assets to say that if they leave the wallet then there is only one designated destination, so that if they were stolen the thief could not obtain them without also controlling the unknown recipient?

I decided to dip my toe in the water with LYL today.  I don't have a promotion or anything to pitch to anyone, that's an opportunity for others. 

I have been watching how the token sales have been filling up very quickly lately, and know a little bit about what and who are involved with it.  I was pretty much a BTC purist prior to today (a bit of Gbyte and LTC excepted), and the majority of my holdings remain in BTC, but to me this looks like a as close to a cert you can get.  Their pitch says nothing about how much effort and support is actually behind it, or who they've got on board which I would have thought would be marketing gold.  I can't advise anyone, I'm just saying I put a little bit of stake in it for my first and only ICO. 

Let's see how it looks in Q2, I think people will be pleasantly surprised.  Disclosure: I don't have a crystal ball.

At the start of the year I was guessing 10K by end of year, but by April I'd downgraded that to 8K.  I think we'll see 10K within a month or so of 2018 though.

I guess on this forum I'm the only one that dipped a toe to see if they came through.  As you might expect, after the event of them providing zero response I wish I'd tested with less BB.  It's not the end of the world for me, but it still sticks in my throat that people are out there doing this.

I've watched the crypto community change over the years.  I guess wherever there is money there will be scammers.  One annoying thing is that if they ran a legit operation they'd get tons of customers and do well for themselves.  This kind of behaviour means they'll never get good rep and always be on the lookout how to score their next hit (assuming they're slick enough to avoid doing time).

I sent 1GB (~$200+).  The byteball explorer link above shows the actual transaction.

If I were a trader and live/die by the sword and took a loss that's one thing, but traps like the above have got to be illegal surely(?).  I was just swapping out 1GB to go to PayPal in USD (or so I was led to believe).  The 1GB was actually a test before moving more.  I've made this mistake in the past when I had 50 BTC in Gox, and was told that things were getting shaky, so I removed 40 of them and asked for the remaining 10 to be converted to fiat.  The last part didn't happen.  The only reason I did that was because at that time BTC was worth a lot less ($113.30 each) and if converting only 1BTC would have had a huge chunk eaten by T/T fees.  From today's perspective that sounds crazy of course  without the context.

I'll try that and see.  I have a feeling they're blocking my IP and sending me a bogus server error response so as not to have to respond to me.

Just wanted to make people aware of a site called https://megaexchange.trade/ which looks very much like a scam site.

I sent 1 Gbyte there to exchange, with no response.  I wrote to them and the site suddenly went down as soon as I did (or at least it has decided not to respond to this IP address, which is on DHCP so changes sometimes).  A couple of days later it came online.  I'd saved the transaction number and the content of my email before sending, so sent again today.  What do you know the site went down again ("Internal Sever Error" is what it displays).  I'm curious to know if it 'appears' to have an error if anyone else tries to view the site.

I also saved the send and receive addresses, and it can be seen that it was received without issue, and promptly moved here:

https://explorer.byteball.org/#W6GFF5J7USIMLNAXT2GSSXHIUPJVYEO4

When searching google I can't find anything suggesting it is a scam (which is what I looked for before sending to the site since I'd never heard of it), so I'm writing this now to at least start the ball rolling, and strongly suggest that nobody use it.

I'm in Thailand (from UK), but the oppressive government thing isn't just here.  When my sister years ago sent me GBP 300, the UK bank said that to do the transfer they would have to inform the US.  The person in the bank went on to say "I know it contravenes EU law, but if you want us to send it then we have to do what the US says".  In other words the US banking system will cut them out if they don't dance to their tune.

I can buy and sell BTC here and convert to fiat no problem, but it is limited to 500,000 Baht per day, and the maximum to send to another country is $100,000 pa.  That's fine for a holiday, but it wouldn't buy a decent house in most of the west (or here actually).  With places like Tokyo hitting north of $300K per square metre in some instances, it feels like I'm carrying 100 Rupee notes or something.

What if I had 1, 2, 5, 10, 100 million or a billion USD equivalent?  It's not like you can keep it in your pocket or cross borders with it.  BTC exchanges might well hold it for you in fiat, but I've had the Gox experience with a 10 coins.  I wouldn't want to do it with the 'family farm' on the line.

Vaultoro would be perfect for me - if there was any liquidity there.  Localbitcoins is not an option since I'm talking about more than 1 BTC, and getting the cash back into BTC wouldn't be easy (in my current country).

Maybe when 'Options' are popular it can be used as insurance with a potential benefit, but we're not there yet and I think these corrections will be a part of life for the foreseeable future, and our best tea leaf readings (figuratively speaking) will determine our actions.

Understand and agree with your point, but ... most people aren't as capable as you in knowing how to buy/secure/use Bitcoin.  The 'late majority' and 'laggards' will want to 'carry on as you were'.

We don't need the banks as much as banks need us (on a street level pov, not the heavy finance - although the number of street level branches is quite telling wrt who they are harvesting from).  They surely don't want to be a Kodak or Blockbuster, which leaves me somewhat confused as to how they will avoid shooting themselves in the foot with their superiority complex.

I guess you could sent all your address balances to a single address(?).  Might cost a dollar or so.

Bitcoin is sometimes touted as a flight to safety, but what I'm interested to learn is, if you feel the BTC market is due for a correction, what would your choice be for shelter from the storm, that allowed you to quickly get back in the market when you feel the bottom is in?

In the country I stay in they put severe capital controls on limiting the amount of money that can exit the system (conveniently they have no restriction on how much you can bring in).

I was thinking of something like Tether, but it doesn't appear to have much traction, and the hardware wallets that I have (Trezor and a couple of Ledgers) don't support it so far as I know.

So if you have more coins than you are comfortable parking on an exchange (essentially, any amount above zero for me), and you wanted to go to something with low volatility for a few days/weeks/months, what would be your choice?

What would you do if you had 3 Bitcoin?

https://www.youtube.com/watch?v=Y6v8SHvL7Zs&t=3s

If any banks had a <expletive> clue (and a desire not to become extinct), they'd already be lining up to win your business in being the holder of your coins/millibits.

I'm not saying I'd be a customer necessarily, but on the whole people don't want responsibility for their own decisions and would see it as a sensible move.  [opportunity with neon lights and bells on it!  hello? anybody here? nope, no banks, they want to keep the model as it is].

The banks could make a sh1t ton as they transitioned out of the old to the new, maybe give you 10% pa, rather than 0% on fiat.  Grandma would like that.

If you think in Satoshis rather than whole coins, it can help reframe the affordability issue.

38 million millionaires and 16.5 million BTC.  Surely that alone is enough to fire up the spreadsheet and noodle a little bit?

My experience also, but it was only 2 hours ago.  Will  check again in the morning and am confident everything will be as it should be.

The Gbyte to Mbyte thing has been discussed a lot on this thread.  I agree, but it's the exchanges we need to persuade, esp since  they chose to use "GBYTE" rather than another denominator.

Same here.  I'm just trying to verify my ducks are all in a row re BB and BTC addresses for Sept 6th, but in transition bot if I type anything (eg. "help") it just stares back at me and does nothing.

I 'think' I've done everything correctly, but would like confirmation so I can go to sleep as it's early hours of the morning in my timezone.

My feeling is that we'll have lots of turbulence for the next couple of weeks.   I wish people would just HODL (traders will hate me for saying that).

Tone Vays has been quite vocal and I completely agree with him re BCC.

I wouldn't give it any headspace at all, and just be patient while the market makes its mind up (UP imho, but not just yet).

WTX BBB for BB.  Please PM with offers and amount.

I would like to accumulate BB, but personally don't have a use for BBB (though others will of course).  Escrow agreement required.

I have precisely the same issue, same wallet.

I've written to them and waiting for a response...hope it doesn't take too long for a response.