If you rely on your backup phrase what will happen if coinomi stop working?since you have no private key you won't be able to import backup phrase in all available wallets,only few like enjin supports coinomi backup phrases
Every wallet out there support the recovery phrase. if it doesn't, it is a shitty wallet, stay away (the only exception is bitcoin core) The recovery phrase is a mathematical function that contains all the privatekeys of all possible generated addresses in your wallet, of all possible coins it supports now and will ever support in the future. If coinomi supports a new coin tomorrow, the privatekey for that new coin will be contained in the recovery phrase. Technology and math are like magic. |
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I use it for some time already, because in 2017 I joined a few ICO which were listed there (it was the best exchange available for those coins).
Also, recently I traded some of those shitcoins to GRIN, which also is traded there.
As I didn't study about GRIN yet, and I don't know how to operate their wallet software, I am holding my GRIN coins at Kucoin exchange. It is a small amount of money, and I will probably move it from there soon, I am just lazy now to learn how to use a GRIN wallet.
As far as I have used, I have no complains about Kucoin, which always looked like a nice exchange. I know I shouldn't trust any exchange.
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and yes, I am completely against the criptomoedas with absurd supply, an example of absurd supply is what is happening to venezuela and its local currency
But this problem was already solved by bitcoin. You don't want to compete with bitcoin, do you? And a big supply is not that problematic as ethereum doesn't have a hardcap and it is very valuable |
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You are very worried about supply, bonuses, bounties... nothing of that matters.
Does your coin have any use case? Is it useful for anything? Just being rare doesn't make it valuable.
If you make a very crazy painting for example, that you spent hours making it, and there is only one in the world. Will someone pay 1 million for it, just because it is unique? Ofc not, probably it is worth 0 and will go to garbage. Unless there is a reason for it be valuable, it won`t be worth anything.
Does your coin do anything that bitcoin doesn't? Or ethereum doesn`t?
Why would anyone buy it instead of buying btc, or even using visa?
Those are the questions you need to answer. Not "there is no dump yet, no free coins to bounties" etc.
Most of the projects out there, like XRP, Eth, etc gave millions of coins to investors, partners, etc, that participated in the project. This doesn`t make the project worthless.
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I stopped using coinomi because I couldn't find where to get my wallet private key under settings and menu,they should have just make it easy like other wallets that reveals private keys,coinomi is very annoying maybe I will try enjin wallet out
Coinomi gives you the seed when you create the wallet, and also allows you to see the seed anytime you like. I use it for like 2 years and never had any problems, it is a very good multilcurrency wallet. THe only problem is that it is not open source. Usually wallets do not let you see the private key only by clicking some button, because there is no need. The seed is enough. With the seed you can just go to iancoleman.io/bip39 , insert your seed, and look at the private key of each address you want. If I may ask,what do you mean by open source? Can you give me an example of an open source wallet?thanks
Open source is a program that its code is accessible to anyone, who can view, inspect, modify, etc... bitcoin protocol is open source. Wallets such as Electrum and Bitcoin Core are open source. Electrum is probably the best wallet out there, IMO. Closed source code may add malicious script inside their program to steal/spy etc... Also, closed source programs may have bugs or security breaches that were not detected by developers of the software but could be detected by other people, if it were open source. So, open source programs are usually safer. What is open source software?
Open source software is software with source code that anyone can inspect, modify, and enhance.
"Source code" is the part of software that most computer users don't ever see; it's the code computer programmers can manipulate to change how a piece of software—a "program" or "application"—works. Programmers who have access to a computer program's source code can improve that program by adding features to it or fixing parts that don't always work correctly. |
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I am renting my Signature, Avatar and Personal Text. I accept payments in Bitcoin, Eth or stable coins.  I am the 32th most merited user of the forum, the 255th most recognized and the 106th user with most posts according to bpip. I make more than 40 posts per week., and my account has an average of more than 5 posts per day (11513 posts / 2142 activity). I am also a DT member and trusted by other DT members. I spend about 3 hours here in this forum per day, creating quality content and helping users with technical issues. There are no spam or low quality posts in my post history. Your ads will be seen in more than 11500 posts around the forum. Those topics are some of my best guides, tools or nice articles. I also maintain the portal https://bitcoindata.science, which has about 9k unique visitors per month. This portal has an API which is used by forum users. More details here: [TOOL] Bitcoin data API to use in bitcointalk as imagesI am also very active in the Portuguese board of the forum, where I have most of those posts translated |
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I never felt to try my Ledger Nano S with Electrum. If I ever do then may be I will write a short post about it.
There is no need to write or worry about it. The manufacturer of ledger nano recommends using it with Electrum. It is a better a more trusted software than ledger live (which was launched this year btw). You should worry about using ledger live, if you are paranoid. |
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We know that thanks to our system we identified a lot of suspicious transactions, which prevented our customers from losing money. That's a mere practice.
When you hold the customers private keys, you are responsible for its security. If suspicious transactions were identified, it is because your system lacks security, as you are the only one responsible for its security (as the user cannot spend funds, only you can). It is the same as a bank, a cloned credit card... it is always banks/credit card fault, never customer fault. So, if suspicious transactions happened, you are the only one to blame. Imo, the biggest problem is the lack of transparency. Why don't you let users choose if they want you to control the private keys or not? Why don't you ask them if they want to make KYC (and transact more than X btc) or not? Holding their funds hostage just because a lot of btc showed up, or you decided to create a "new holding criteria" is trustworth. |
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Hi i have a problem with my ledger nano x
send 1.52 btc to this adress 3KodMvBcdXdUfNMV5v8Fe1rvrzRibPzoZw
But only recive 1 btc
are you sure this is your transaction? That transaction is like BitCryptex said. The person sent 1 btc and the 0,52 is a change. Give us more information. You said you received 1 btc, and now your wallet is empty? I advice you to install electrum, follow these steps ( https://support.ledger.com/hc/en-us/articles/115005161925-Set-up-and-use-Electrum) and check for you balance. Something may be bugged with ledger live and native segwit addresses (may be a bug, this is a new feature)   |
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Anyway, updating the ledger live will be enough or we need to do anything else to generate the native SegWit?
Probably enough. But anyway, you don't even need ledger live, as you can generate native segwit addresses using Electrum+ledger nano. Much better control over your funds also. |
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There are some indexes Coinbase has its index. I don't like coinbase index because it ignores ripple, which had about 5% of market share. https://am.coinbase.com/Current Composition
Bitcoin 83.00%
Ethereum 10.76%
Bitcoin Cash 2.51%
Litecoin 2.49%
Zcash 0.60%
Ethereum Classic 0.30%
Basic Attention Token 0.16% Also bitwise investment https://www.bitwiseinvestments.com/indexes/Bitwise-10They have top10, top20, top70, top100 by maeketcap. top10 bitwise
Bitcoin 76.43%
Ethereum 8.96%
XRP 5.85%
Litecoin 2.52%
Bitcoin Cash 2.33%
EOS 1.56%
Stellar 0.67%
Monero 0.59%
Cardano 0.56%
Dash 0.51% All indexes should be compared to Bitcoin performance. Be careful when analysing this past data, because indexes all have a worst performance than bitcoin in the past year . Looking the graphics, 3-5years ago the indexes performance was much better than btc. |
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Na sua opinião, quais as vantagens o btc traria pra economia brasileira ? Eu me refiro a moeda em si.
Bitcoin já é vantajoso para as pessoas fazerem remessas internacionais por exemplo. É possível economizar em taxas (swifts Sao varos, assim como serviços como o remessaonline e transferisse, os quais vc já perde uns 3-4% de cara) Outra grande vantagem é quando uma pessoa brasileira viaja para o exterior pode comprar coisas em BTC sem converter para a moeda fiduciária local. Ou vice versa. Economizando mais ainda... Lembrando que o cartão de crédito já vem com 6% de IOF +spread no exterior. Enfim, não é de fato uma vantagem para a economia, mas para os indivíduos. |
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Why so pessimistic? There's possibility Bitcoin price going to the moon either because mass adaption or legalization on big country.
By then, people would feel Bitcoin transaction fee is expensive, even though it fees on Bitcoin is unchanged.
I don't think saying that Bitcoin price will not reach 1 billion is pessimistic lol 21 quadrillion dollars market cap is a lot. According to this, CIA says there is only 80 trillion dollars in the world. So there isn't enough USD for bitcoin to reach this value. Usd would need to devaluate through inflation for that to happen (I guess) |
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Millisatoshi (msat), or 0.001 of a satoshi, is already the base unit on the Lightning Network. For one millisatoshi to equal one US cent, then one bitcoin would have to equal one billion dollars, which would give bitcoin (assuming all 21 million had been mined) a marketcap of 21 quadrillion dollars.
What happens when BTC is worth $10 million ?  Those crazy price predictions will only happen if dollar is affected by a very high inflation. It would not be bitcoin increasing its value, but dollar losing it. At this point, some other pair would be used against BTC, some other fiat or even gold (?) |
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There are many more but we cannot list all the criteria.
You cannot list? So, you admit you do not have any transparency regarding taking hostage of user funds. You may just invent a new criteria at any given time, if you just decide to hold some funds? This is extremely shady. Why don't you list all your criteria? Or just decide to only accept new users if they do KYC. |
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I was using a secure mail provider, Tuta.io and 2FA was enabled on both the email account and the blockchain.info wallet.
I know i was probably compromised but I have no idea how. All the latest updates of Ubuntu are installed and no new software has been installed in the previous 2 months or so.
If you had 2fa on both email and blockchain.info , the attacker somehow got access to your browser or seed. Theoretically, your seed in blockchain.jnfo is always compromised because you received it from your browser (someone could be watching) I would format everything, as I already said. And review your online habits. Also , try a more secure wallet next time, such as Electrum.org |
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It's possible by exporting the master private key ( xprv), but it isn't doable by your regular Joe. So we can say " majority" not " everyone" Regular Joe will not use bitcoin core also. It is not as easy to use as other spv wallets. Actually, even Electrum is hard to use for a regular joe. |
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You shouldn't download shitty software from any source.
Look for good publishers, double check their official website to be sure you are downloading the correct app (and not some phishing version)
These are like basic procedures, safe habits to have online.
If you download any shady software you see , that is promising something too good to be true or piracy software, you will probably get infected by malware.
There are some safer ways to piracy software, but not on play store.
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The BTC has now been moved out of 16MgFBd4ay7Yz5bw2HEpvTzCFQwqRmFK73 .
I guess they are gone forever.
Yes, they are gone.you were hacked. Your system is compromised . I would format all computers/smartphone that you ever used to access your wallet. Where did you store the seed? Was it in a paper? Or in a Google draft, drive, cloud storage? Blockchain.info wallet is not very safe, as there are many ways a hacker could get access to it. Maybe even the e email that you used to create the wallet is compromised. Change its password and add 2fa to it. |
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This was old times...
Nowadays everyone has your wallet backed up by the mnemonic phrase, (24 words), which is a seed with all privatekeys.
You can save it on a paper, no need to save the wallet.dat anymore (unless you want to)
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