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And this little piggy went hashing
with entry #61
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I preffer the option with lowest possibility to loose my Bitcoins. Trezor wins, but Trezor does not offer additional security for those not understanding how Trezor exactly works, so non tech people are likely to loose Bitcoins when using Trezor at compromised computer/server and revealing seed or not checking the transaction details on Trezor when signing or accepting not signed firmware
If you reveal your seed, you will basically lose your BTC with any type of wallet. I haven't received my Trezor yet (I thought it was arriving today), but I thought one of the whole points of it was to be able to use it securely even if you have a compromised computer... Yes, trezor is secure on a compromised computer, but you still could be tricked, like asking to sign different transaction (so always check transaction details on trezor display). There are more ways how to trick you when using trezor at compromised computer, so the user is the weak point with trezor |
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my understanding is that you do not enter the seed as a string of words, but rather follow prompts from the mytrezor page such as:
Exactly. Old firmware (1.2.0 and older) used 50% fake words. New firmware (1.2.1+) always asks for 24 words (making it 12 fake words for 12-word mnemonic, 6 fake words for 18-word mnemonic and no fake words for 24-word mnemonic). And we also switched the default from 12 words to 24 words, so most of the people will not see the "fake words" feature anymore. Without any fake word for 24-word mnemonic, the entropy is reduced from 256bits to only 79bits. This is not acceptable for long term storage This is only in the scenario of seed recovery for a lost/stolen/broken Trezor. Either don't lose your Trezor, or move your coins after the recovery process. There is not reason why not adding most secure option for entering recovery seed directly in your trezor using only the two buttons. Even if it takes one hour to enter all 24 words using the two buttons, I would preffer to do it in this secure way. I mean as another option, together with the current quick way to restore |
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I preffer the option with lowest possibility to loose my Bitcoins. Trezor wins, but Trezor does not offer additional security for those not understanding how Trezor exactly works, so non tech people are likely to loose Bitcoins when using Trezor at compromised computer/server and revealing seed or not checking the transaction details on Trezor when signing or accepting not signed firmware
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How can we avoid transaction fees? You must have high priority transaction. Check Bitcoin wikipedia |
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I don't really understand why mtgox price go down significantly...
People knew their USD withdrawal would get stuck, but they still want to sell all their bitcoin on mtgox?
Lack of demand. New buyers are too scared to buy BTC. But, why is there demand in the past months, when price was always $100+ higher in mtgox? It was possible to withdraw BTC out of Mt.Gox in the past |
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I just want some expert to explain to me, what will happen if 100% of all government around the world ban bitcoin??
All governments around the world banning bitcoin? This would be conspiracy, right? Fortunatelly bitcoin is peer to peer network and you cant eliminate it completly so easy, you would need censor the internet as well |
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looks like some devs just give up after releasing their coin. doesnt make sense.  They would not give up if they worked months on the altcoin  |
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what is the best alternative to bitcoin?
So far nothing, but who knows what the future brings |
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What price? Approx. (price closest wins, post exact price and explanation if you want to go public ) $854 MtGox What wins closest price prediction? |
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I'm very confident that $400 was the bottom. As you say, historically post crash we seem to trend down towards 2x the pre-crash price.
These are great times to trade. It's low enough that I'm confident that it will recover to a ATH within 8-12 months, which means at least 100% gain in my holdings and it's moving quite a bit that I can try and snipe some additional day trading profit.
If it goes to $200 well I have enough FIAT to snap up a decent chunk of coins but it's simply not happening. $300 is even way too cheap right now.
What don't you understand about 44% of the Bitcoin market being forced to liquidate their positions by their government? No, owning Bitcoins in Chinna is possible, I believe the Bitcoins in Chinna might be more valuable than elsewhere in near future, because of hard way to get Bitcoins in Chinna. Having miner in Chinna and selling the coins privately can be quite profitable if Im right |
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IMO, the banks from worldwide will ban all the Bitcoin exchangers soon(in the following months). I recommend you to sell your Bitcoin now. The rate should go down fast.
Nice FUD try  Some countries support freedom, at least I hope. |
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This will not drag out forever like April did.
Yeah, it really sucked waiting 6 months to 10X my money. Hope that doesn't happen again  Ok, but your off your Bitcoins, and if you buy again you cant say you got 10X profit (unless the price crashes to 100) |
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Check out my signature for some good ways to get free btc, easier than those faucets
Yes, I using gambling sites faucets only, the payout is higher than regular free faucets. But you have to bet it |
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You can also pay with physical Bitcoins. With physical Bitcoins you have to trust the manufacturer. I would trust government much more than manufacturer (one person) |
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Hi, can you guys add SatoshiAces to your list. As far as we know we're the biggest gambling faucet out there at the moment paying 1000-2000 satoshi every minute..
But can you withdraw the Bitcoins without betting ? |
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Sometimes it pays to read speculation forum. My fiat on bitstamp has magically transformed itself into BTC.
Is the btc transferred to your own address? If it were me, I would worry that if they freeze their bank accounts, the might get a clue and freeze their hot and cold wallets (or just turn off transfers out). Better to have it out since you can transfer it in later than not. I agree, but when you actively trade, you have no choice. You have to accept this possibility |
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Since there will be no more mining? I highly doubt Bitcoin can still exist after 120 years. Look back 120 years and see how the world changed ! |
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