Guys, i´m afraid i´m jinxing it. Sorry.
I admit, i don´t want bitcoin to go over 20000, because every time bitcoin rises remarkably, media (TV) awakes, and i see more and more countries wanting to ban exchanges and all that. We are a threat to their FIAT-system.
What do we do then ?
The other thing is: i´m not afraid to pay taxes, but how could i possibly explain the thousands of transactions, i made ? For example, i´m constantly lending (funding) some at Finex, thats thousands of transactions. Its not the money, that worries me, it´s the process to cash out.
It really is a nightmare, coming to your door soon !
And don´t tell me we´re here for the ideology, we´re here for the dosh, which still, at least for now, reigns the world.
If you are in Europe, you don't have to worry, you only pay tax when you exit to fiat. If you are in north America you can cash out in the Canadian ATM's. I'm in it for both the ideology and the cash. If crypto for some reason crashes totally, I'll still mine my Bgold and bide my time. That would actually give the community time to develop a more mature environment with working P to P exchanges, good scaling capability, and everything else we need to be untouchable by governments. |
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I went to Mcdonalds for a cheeseburger and I got a quarter pounder with fries WTF!
A royale with pommes frites? |
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Guys what forks have to be released for btc to reach 20k again, would lightning network be enough?
Time, all bitcoin needs is time. Just be patient. |
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do you have a moment?  Yes. |
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When you turn on your phone, it is exposed to os vulnerabilities. And if you don't update the os you are making your phone more and more vulnerable as time pass. And you don't need the metal box if you put on a good password. https://androidvulnerabilities.orgYes, but what do these vulnerabilities do? do they have any bearing what so ever to the Coinomi Wallet? And what are the odds that they will affect my phone in those few moments it's turned on. Edit to your edit. The metal box/bag also protects against solar flairs and EMP:s |
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Thanks anyway too you all for trying to explain. I have never signed and I really don't see the need for it in my future, it seems like overkill to me.
I'll just stay ignorant and move my coins the old fashioned way.
You are signing every time you move your coins. Sorry for have been harsh, but your unwillingness and proudness of not knowing how txs works got me mad. That's like claiming on a train forum that how trains works it doesn't matter untill they move, I suppose. No need to apologize, I'm not that sensitive. There is actually a lot of guys that doesn't know how the model trains work, especially not the new digital versions of engines and controls. They just ask what to do if it doesn't work and usually get a step by step answer, not the underlying digital tech. And if that doesn't fix the problem they just send it away to someone who can fix it for them. You probably are right, this is a toxic environment. Anyway, If you are storing btc as you said you are not safe. Just do like this: -Download bitaddress.org on a safe machine (I.e. Linux booting disk) and run it offline -print some addresses offline. Make multiple backup and store them safe -use this addresses as safe (cold) storage. Keep only a few btc as "hot" storage on your phone app. -all you need to do to import all the money is scan the qr code with your app. Once the key is scanned, this address will never be again "cold" (safe). -don't let do anybody do it for you  If you follow the above steps, you should be safe. And that's a lot better than sorry in btc land. Thanks. I already have a bunch of paper wallets printed, but I'm not moving any coins to them until all the forking is done. Then Ill move my coins away from the Coinomi wallet and half into my paper walllets and the other half into another Coinomi wallet. I'll then get my keys from the old Coinomi wallet and claim my forks. Until someone can actually tell my how my coins could get stolen from my Coinomi wallet in my turned of phone (that's actually stored in a metal bag in a metal safe) without my phone getting stolen I'll regard it as safe. |
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Thanks anyway too you all for trying to explain. I have never signed and I really don't see the need for it in my future, it seems like overkill to me.
I'll just stay ignorant and move my coins the old fashioned way.
You are signing every time you move your coins. Sorry for have been harsh, but your unwillingness and proudness of not knowing how txs works got me mad. That's like claiming on a train forum that how trains works it doesn't matter untill they move, I suppose. No need to apologize, I'm not that sensitive. There is actually a lot of guys that doesn't know how the model trains work, especially not the new digital versions of engines and controls. They just ask what to do if it doesn't work and usually get a step by step answer, not the underlying digital tech. And if that doesn't fix the problem they just send it away to someone who can fix it for them. |
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And why is no one amazed that we have 29 more forks to claim?
I'm blown away.
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I'm not the one asking, but I did'n understand any of that.
What is signing, what's an online box and what exactly does broadcast mean in this case?
offline box - An absolutely secure, known and trusted computing environment. This computer NEVER touches a network. USB sticks never go from a networked computer to this computer, only the other way around. Most people use minimalist hardware, old socket AM2 boxes or even raspberry pi for this. Live Linux sessions are the OS of choice...be sure to check that MD5 checksum kids. online box - Your day to day posting on WO, reading news, email and porn box. Assumed to be riddled with keyloggers and zero days, may even have a tiny NSA agent living inside. signing - Verifies that the transaction in question has been authorized by your private key. Obviously your private key is not included in a transaction. Signing is the process whereby you demonstrate to the network that the transaction has been authorized and is in fact valid. This is a basic function of dual key encryption. If you don't get this you should sell your bitcoin and store your wealth in a system with a safety net. broadcast - the process whereby the network becomes aware of the signed transaction. The transaction data is disseminated to your peer nodes which rebroadcast it. The aggregate unverified transactions on the network are known as the mempool. This is the data from which each miner will select their 1MB of choice, choose a nonce and hash. anyone who keeps more than 1 or 2 BTC on a phone...I just don't know what to say without being rude...you are playing with fire Ok, so box is just geek for computer, and broadcast is just geek for send, and signing is still a mystery to me. We do not speak the same language obviously. How a turned of phone is less secure than a computer that you geeks run all the time is also a mystery to me. I have no problem what so ever with having my coins on a phone, you are just way to afraid of ghosts. I tempted to explain it as clear as possible, jojo was a bit more technical but we both kindly tried to save you from complete ignorance. You are here from 2013 and you should at least be a bit ashamed of not knowing what a signature is, I have not any tech background but these are the bases about how our hobby works. Hope your other hobby is not rocket-science, or you could have you burned hard soon. Model trains and coin collecting are my other hobbies, so I guess I'm safe. Thank you for trying to explain what it is, but as I have mentioned before that doesn't help if I don't know how to do it. It would be a lot more helpful if you just said something like "it's a way of sending coins without hitting the send button live, and you do it by klicking tab so and so and type that and that and then do this and then that, done. The technical mumbo jumbo does not do it for me, sorry but thanks for trying. As I said before, we just don't speak the same language. try bitcoin.org the basics of everything asking questions on a technical board will get you technical answers But this isn't a technical board, it's a wall speculation board. Ok So what does the wall speculation have to do with ...."What is signing, what's an online box and what exactly does broadcast mean in this case?".... I give up  Nothing really, it's totally of topic, but that's what makes this thread so great, all the of topicness that lights up our visits here. Besides, the guy who originally asked the question about moving coins from a paper wallet seemed more confused about all this than me, so I don't think this little tutorial session was in any way bad for him. |
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Thanks anyway too you all for trying to explain. I have never signed and I really don't see the need for it in my future, it seems like overkill to me.
I'll just stay ignorant and move my coins the old fashioned way.
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I'm not the one asking, but I did'n understand any of that.
What is signing, what's an online box and what exactly does broadcast mean in this case?
offline box - An absolutely secure, known and trusted computing environment. This computer NEVER touches a network. USB sticks never go from a networked computer to this computer, only the other way around. Most people use minimalist hardware, old socket AM2 boxes or even raspberry pi for this. Live Linux sessions are the OS of choice...be sure to check that MD5 checksum kids. online box - Your day to day posting on WO, reading news, email and porn box. Assumed to be riddled with keyloggers and zero days, may even have a tiny NSA agent living inside. signing - Verifies that the transaction in question has been authorized by your private key. Obviously your private key is not included in a transaction. Signing is the process whereby you demonstrate to the network that the transaction has been authorized and is in fact valid. This is a basic function of dual key encryption. If you don't get this you should sell your bitcoin and store your wealth in a system with a safety net. broadcast - the process whereby the network becomes aware of the signed transaction. The transaction data is disseminated to your peer nodes which rebroadcast it. The aggregate unverified transactions on the network are known as the mempool. This is the data from which each miner will select their 1MB of choice, choose a nonce and hash. anyone who keeps more than 1 or 2 BTC on a phone...I just don't know what to say without being rude...you are playing with fire Ok, so box is just geek for computer, and broadcast is just geek for send, and signing is still a mystery to me. We do not speak the same language obviously. How a turned of phone is less secure than a computer that you geeks run all the time is also a mystery to me. I have no problem what so ever with having my coins on a phone, you are just way to afraid of ghosts. I tempted to explain it as clear as possible, jojo was a bit more technical but we both kindly tried to save you from complete ignorance. You are here from 2013 and you should at least be a bit ashamed of not knowing what a signature is, I have not any tech background but these are the bases about how our hobby works. Hope your other hobby is not rocket-science, or you could have you burned hard soon. Model trains and coin collecting are my other hobbies, so I guess I'm safe. Thank you for trying to explain what it is, but as I have mentioned before that doesn't help if I don't know how to do it. It would be a lot more helpful if you just said something like "it's a way of sending coins without hitting the send button live, and you do it by klicking tab so and so and type that and that and then do this and then that, done. The technical mumbo jumbo does not do it for me, sorry but thanks for trying. As I said before, we just don't speak the same language. try bitcoin.org the basics of everything asking questions on a technical board will get you technical answers But this isn't a technical board, it's a wall speculation board. |
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Well, since I don't know what signing is, I never sign. When I move my coins I just scan or type the address of the recipient and hit send. When you hit send, you are signing without knowing. Without a valid signature, no coin moves! Or somehow get a glimpse of my seed. And neither of that is possible. Believe me, they are stored safely.
The seed is even more powerful: it's the key to the keymaker shop. With the seed, ALL the keys of ALL the addresses in that wallet are accessible. The whole wallet, not a single address, can go bust. You guys are way too paranoid. It's not that we are paranoid. It's that they are after us!! LOL And yes I know that the seed is the master key to the whole wallet. |
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I'm not the one asking, but I did'n understand any of that.
What is signing, what's an online box and what exactly does broadcast mean in this case?
offline box - An absolutely secure, known and trusted computing environment. This computer NEVER touches a network. USB sticks never go from a networked computer to this computer, only the other way around. Most people use minimalist hardware, old socket AM2 boxes or even raspberry pi for this. Live Linux sessions are the OS of choice...be sure to check that MD5 checksum kids. online box - Your day to day posting on WO, reading news, email and porn box. Assumed to be riddled with keyloggers and zero days, may even have a tiny NSA agent living inside. signing - Verifies that the transaction in question has been authorized by your private key. Obviously your private key is not included in a transaction. Signing is the process whereby you demonstrate to the network that the transaction has been authorized and is in fact valid. This is a basic function of dual key encryption. If you don't get this you should sell your bitcoin and store your wealth in a system with a safety net. broadcast - the process whereby the network becomes aware of the signed transaction. The transaction data is disseminated to your peer nodes which rebroadcast it. The aggregate unverified transactions on the network are known as the mempool. This is the data from which each miner will select their 1MB of choice, choose a nonce and hash. anyone who keeps more than 1 or 2 BTC on a phone...I just don't know what to say without being rude...you are playing with fire Ok, so box is just geek for computer, and broadcast is just geek for send, and signing is still a mystery to me. We do not speak the same language obviously. How a turned of phone is less secure than a computer that you geeks run all the time is also a mystery to me. I have no problem what so ever with having my coins on a phone, you are just way to afraid of ghosts. I tempted to explain it as clear as possible, jojo was a bit more technical but we both kindly tried to save you from complete ignorance. You are here from 2013 and you should at least be a bit ashamed of not knowing what a signature is, I have not any tech background but these are the bases about how our hobby works. Hope your other hobby is not rocket-science, or you could have you burned hard soon. Model trains and coin collecting are my other hobbies, so I guess I'm safe. Thank you for trying to explain what it is, but as I have mentioned before that doesn't help if I don't know how to do it. It would be a lot more helpful if you just said something like "it's a way of sending coins without hitting the send button live, and you do it by klicking tab so and so and type that and that and then do this and then that, done. The technical mumbo jumbo does not do it for me, sorry but thanks for trying. As I said before, we just don't speak the same language. |
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Ok, so box is just geek for computer, and broadcast is just geek for send, and signing is still a mystery to me.
We do not speak the same language obviously.
Signing, as jojo69 and erre explained, is the process of adding your key to the transaction. The key is the "owner's seal of approval" for each address that is being charged (only 1 address for the simple, most common transactions). When you add the key, it gets mixed up with the transaction by crypto magic, so that anyone can easily check the owner's seal, without being able to look at it (in other words: unable to steal it). So a signed transaction is safe to broadcast (that's not just "send"- it's "send for the world to see"). How a turned of phone is less secure than a computer that you geeks run all the time is also a mystery to me.
I have no problem what so ever with having my coins on a phone, you are just way to afraid of ghosts.
While you sign, the key is exposed. If someone gets hold of it, they can sign any transaction in your name (with ALL your coins from that key's address). So the signing process is best done offline, in a safe box, which a phone generally isn't. What's more, if the key just lives in the phone (which it must if you can sign from it!), when the phone gets compromised you risk losing every single satoshi on it. Well, since I don't know what signing is, I never sign. When I move my coins I just scan or type the address of the recipient and hit send. Or if I am going to empty my wallet I might sweep it. What's the problem with that? If wallets aren't safe how are we ever going to be able to buy things? And as I said, my phone with my stash is only on wile I'm doing transactions. The only way to get to my coins would be to steal my phone and know my password. Or somehow get a glimpse of my seed. And neither of that is possible. Believe me, they are stored safely. You guys are way too paranoid. Well, since I don't know what signing is, I never sign. When I move my coins I just scan or type the address of the recipient and hit send. Or if I am going to empty my wallet I might sweep it. What's the problem with that? If wallets aren't safe how are we ever going to be able to buy things? And as I said, my phone with my stash is only on wile I'm doing transactions. The only way to get to my coins would be to steal my phone and know my password. Or somehow get a glimpse of my seed. And neither of that is possible. Believe me, they are stored safely. You guys are way too paranoid. |
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Bitcoin price is being manipulated indeed. I'm sure absolutely sure that the price will do what known as ''The leap of the dead cat''. That mean it will go up near the historical maximum price and then go brutally below 10K $. Meanwhile not happens, the price will oscilate between 12K and 18K$.
LOL, "the leap of the dead cat" is also known as a "dead cat bounce" in English. |
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I'm not the one asking, but I did'n understand any of that.
What is signing, what's an online box and what exactly does broadcast mean in this case?
offline box - An absolutely secure, known and trusted computing environment. This computer NEVER touches a network. USB sticks never go from a networked computer to this computer, only the other way around. Most people use minimalist hardware, old socket AM2 boxes or even raspberry pi for this. Live Linux sessions are the OS of choice...be sure to check that MD5 checksum kids. online box - Your day to day posting on WO, reading news, email and porn box. Assumed to be riddled with keyloggers and zero days, may even have a tiny NSA agent living inside. signing - Verifies that the transaction in question has been authorized by your private key. Obviously your private key is not included in a transaction. Signing is the process whereby you demonstrate to the network that the transaction has been authorized and is in fact valid. This is a basic function of dual key encryption. If you don't get this you should sell your bitcoin and store your wealth in a system with a safety net. broadcast - the process whereby the network becomes aware of the signed transaction. The transaction data is disseminated to your peer nodes which rebroadcast it. The aggregate unverified transactions on the network are known as the mempool. This is the data from which each miner will select their 1MB of choice, choose a nonce and hash. anyone who keeps more than 1 or 2 BTC on a phone...I just don't know what to say without being rude...you are playing with fire Ok, so box is just geek for computer, and broadcast is just geek for send, and signing is still a mystery to me. We do not speak the same language obviously. How a turned of phone is less secure than a computer that you geeks run all the time is also a mystery to me. I have no problem what so ever with having my coins on a phone, you are just way to afraid of ghosts. |
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Well you do as you want, but I will keep my coins in my phone until the forkathon is over and then make a bunch of paper wallets for half my stash and move the other half to another Coinomi wallet. I will then use the seed from Coinomi to extract my private keys and claim all the coins that I couldn't claim in Coinomi using Bither and Bitpie instead.
Coinomi is non custodial if that makes you feel any better.
Personally I don't see how a wallet on your computer is any safer than a wallet on your phone (maybe except for a full node on an ofline computer).
It should be noted that the phone I use for crypto is only used for that and only gets started when I need to do something with my stash. On my everyday phone I have very little crypto.
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How was it with a paper wallet? If I have 10 Bitcoins on a paper wallet, I have to sent them all at once to the exchange? Otherwise the rest will get lost?
There is a step between having a paper wallet and sending it to the exchange. You have to import your private key into a hot wallet before sending it to the exchange. When you send less than 10 bitcoins to the exchange, depending upon your hot wallet software, you will either get the remaining coins in a different address or it will go back to your original address (blockchain.info). Either way, once you import your private key to a hot wallet...it's no longer secure. You need to go through the process to put it on a paper wallet again. unless you run something like armory where you can create a transaction and sign it on a completely secure offline computing environment, then import that sig to an online box and broadcast it I'm not the one asking, but I did'n understand any of that. What is signing, what's an online box and what exactly does broadcast mean in this case? My recommendation would be to download the Coinomi wallet to your Android smartphone, add the coins bitcoin, bitcoin cash and bitcoin gold. Then choose bitcoin and use the sweep option from the alternatives in the upper right corner to either scan the QR code or type in the private key. You now have your bitcoins in the Coinomi wallet instead of in your paper wallet. Then you do the same with bitcoin cash and bitcoin gold. you now have an empty paper wallet (almost, there are 29 more coins to claim, but they are not yet supported by Coinomi, so save the "empty" wallet for later). you can now use one of the two built in exchanges to convert your altcoins to bitcoin or some other altcoin if you so wish. Then just send whatever amount you want from Coinomi to an exchange if you wish to cash out to fiat, and make a new paper wallet for the rest if you feel uncomfortable with having your coins on a phone wallet. |
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So congrats, and just fucking cash out a little more so you can keep riding this wave without remorses with the rest of your (huge) stash.
Ok. Extracted just north of $1M @ $14,500 USD/BTC. Once the wire hits my account, I'll load up for round 2. Congratulations BOB. 13500 om Stamp right now, you picked the right time. |
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Just seen a thread on Facebook: "Soros invested $100 billion in blockchain - get out now". There is a huge market manipulation going on, maybe he is the man behind it.
What blockchain? |
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