... Clarifying, yes, I am using the blockchain.info app on my iPhone. And, yes, I will never use the app again, except to try and withdraw BTC.  |
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I am having a problem that I have not seen discussed re sending BTC from my iPhone's blockchain.info wallet. I have used this to buy BTC from BTC ATMs and localbtcoins.
At first there were never any problems sending out my BTC to a hardware wallet, etc. But, a few months ago I was unable to send larger amounts (say $300), I would get an error at the end that said something like "high p-value". I had never seen such a thing, nor heard it discussed anywhere.
So, I would then try sending smaller amounts, which worked OK, but the amounts I could send without getting that same error kept getting smaller & smaller. Now, I cannot even send $2.00 worth of BTC. I have some $40 left there.
Does anyone know how I can liberate my Bitcoin? Thanks!
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... It's not exactly a hardware wallet (close), but I received the OPENDIME devices just the other day. They are a simplified version, more-or-less a disposable "bearer-bond" device. I am happy with mine, I tried it out, and they work fine. Here is the thread, along with my comments: https://bitcointalk.org/index.php?topic=1452987.40 |
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... I recently received my OPENDIME hardware "bearer bond" wallets. These are a limited version of a hardware wallet. That thread is here: https://bitcointalk.org/index.php?topic=1452987.60I briefly review my experience on Page 3, there are reviews and instructions (and discussion) there at the thread as well as their website. * * * The OPENDIME is a very simple & cheap way to hold some BTC in relative safety. But, it requires, as far as I can tell anyway, another wallet that must have the ability to import the Keys.blockchain.info's wallets do, it took me some time, but I figured out how to do that (import the Keys from my OPENDIME so I could get my funds out, I was experimenting to see if I could do that). My questions are: -- Other than blockchain.info's, are there other online wallets that can import Public and Private Keys? -- I was NOT able to find those functions on my Trezor nor Ledger Nano. Do either or both have a way to import the Keys? Many thanks!  |
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For me, this is kind of a huge investment, but should I actually do it?
What are the risks of doing this?
O/P As long as your 1000 euros are not money that you NEED anytime soon (or, that you can afford to lose), then, yes, buying BTC is a great speculation. Give it time, and do not become discouraged, at least so discouraged that you might sell at the wrong time. I agree with the general idea here that BTC price will settle in well over $1000 (maybe even €2000) given some time. Patience... And keep learning about BTC! |
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What progress? What rise? I'll believe in Russia when I'll see a russian product I'd like to buy, but I've never seen a single one in my whole life.
Think about it. Can you name something russian-made that a westerner would be happy to own?
An AK-47, cheap, idiot-proof and super-reliable. You asked... * * * But, seriously, there are indeed FEW Russian made manufactured products that consumers would want. If anyone believes that Russia is a seriously rising power (and it could be, many resources as mentioned above, and a low national debt), then perhaps a way to "play Russia" (make money) would be to go to eBay and/or Heritage Auctions and buy the below scarce Russian coins (as well as any other top quality Russian antiques or works of art that future Oligarchs might want): Russian 3 Rouble Platinum coins (1828 - 1845). Russian 6 Rouble Platinum coins (same years, VERY rare, VERY expensive) Russian 12 Rouble Platinum coins (EXTREMELY rare & expensive) At eBay search: Russia, 3 rouble, platinum The higher the grade (condition) of coin the better. An example: http://www.ebay.com/itm/Russia-Platinum-coin-3-Rouble-NGC-AU-55-1838-Rare-/232026549209?hash=item3605dc2bd9:g:uT0AAOSwEeFU2RUnAlso gold coins, high-quality antiques, etc. |
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Well, no one can guess the bitcoin economy system in the future, because bitcoin was increasingly growing, it all depends on the users, I guess if everyone is using bitcoin, then it will grow very quickly
Yeah if the promotion is the same as pokemon go more people will interested in bitcoin and expect for the price will increase more.. Bitcoin has a good potencial in the future. .and it will grow more. If Pokemon (Nintendo) would accept BTC as payment, that would likely generate interest right there. A friend of my wife is 50 and is now into Pokemon Go. Some 10% of Pokemon players are over 45 I heard on CNBC this morning. That means some 90% are young people -- those who might be "early adopters" of BTC. |
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Hiya deisik,
You are asking questions that are perhaps best asked of nvK or someone else there at Opendime. I am not a programmer or computer pro, I had to learn as an autodidact (I got very little help, and NONE of my friends are into this) to just get this far w/ BTC...
Nonetheless, this is how I will probably use them:
-- Put in a "round amount" (say, BTC1.000) into one or more of them. Now I have an Opendime with +/- $585 in it.
-- When the occasion arrives, I will "pay" or give BTC away by just giving the Opendime itself to the lucky recipient.
-- You can get the Public Key (wallet address) by putting the Opendime into any normal USB slot, and reading the little file.
-- Then you can check the balance of that address (so, yeah, you would need Internet access to do that).
-- The PRIVATE KEY is unknown to anyone (as it is generated when you paste stuff in to initialize it), so cannot be spent until:
-- Whoever the owner is who wants to SPEND the BTC then breaks off that central stick-shaped piece (w/ the small gold "lock" logo).
-- Then you can go read the Private Key in a small file, then you can import that Public & Private Key to a wallet that can IMPORT them.
-- As Opendime says at their website, you DO need a wallet that can "sweep" or will import the keys (blockchain's will work).
-- And once you take out the BTC (preferably very soon after breaking the stick-shaped piece), then you chuck the unit (no longer secure).
So, it's really more of a "wealth preservation" device, you can get the BTC out, but not by spending them in the normal manner. The idea is to load some BTC, then give the DEVICE away as payment (or partial payment). In that sense, no BTC is transferred on the blockchain, you are giving away the device, but you (no one) knows the Private Key until that stick-piece is broken off (there is a video showing that at their website).
You could give one or more of them away to loved ones very quietly for example (assuming you mixed the BTC before sending them to the Opendime). With imagination, you could come up with all kinds of interesting uses or situations where Opendime is just what you would want....
My explanation might not be very good. Ask nvK, or order a three-pack and see for yourself.
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... O/T, note for deisik I received my OPENDIMEs today, and had a chance to test one (putting BTC, then taking it out). Link: https://bitcointalk.org/index.php?topic=1452987.40TL;DR: The device works, but a tiny bit more complicated for relative beginners (like me). Also, to send funds OUT, you (or recipient) needs a wallet that will accept importing public & private keys. |
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I received my Opendimes today, and had time to try one out.
Ordered July 27, paid by Bitcoin. Arrived today (Aug 8th).
Device measures about 4.5 cm by 1.0 cm. Small! The Opendime fit right into my USB on my laptop.
Several files and a couple of folders are visible upon clicking open the device. The README file is the important one at this stage.
I had to input text and spreadsheet files to reach the 256 kb for the device to generate the public/private key pair. Pictures of 2 MB not accepted! After doing that, you can open a small file to see the wallet address and another to view a QR-code.
* * *
Taking the funds out was more difficult for me. I was hoping that either my Trezor or my Ledger Nano would have a procedure to import private keys, but in BOTH cases I could not do it (or could not find out how). So I had to use my blockchain.info wallet (which does have a way to import keys). It was a little hard for me to navigate my way around the *new* blockchain.info wallet, but the instructions are in there. Once I imported the public key (wallet address "on" the Opendime), I then asked for a transfer of BTC to my regular blockchain address. blockchain then asked for the private key (Opendime), which I pasted in.
Bingo, transfer made.
Device works. I bought six of them for $94.80 in BTC, works out to US$15.80 each (total, including shipment).
* * *
My only suggestion to Opendime would be to write their instructions more clearly for relative beginners (like me).
You probably will need another wallet on other devices (on your PC, other hardware, or an online wallet) that accepts importing public & private keys.
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Let's test your belief in Bitcoin's potential. OK, let's say someone approach you, and offer you two options for free...
1. 10 bitcoins
or
2. A gold bar with the same value at the time.
You asking this on bitcoin forum?  Of course i would choose bitcoins. Gold is heave, hard to carry with you, bitcoin not. Well that was the point actually, to see if Bitcoin supporters will bend the knee to gold or resist the urge to conform to traditional methods to store wealth. I think the majority of the people who responded up to this point, would still support Bitcoin... which is good considering that Bitcoin has lost a lot of it's value in the last couple of days. Yes, we have to agree that the shiny metal has a lot going for it, but Bitcoin is much more flexible.  For smaller amounts of money (value) as a gift (as you wrote), I would take the BTC. But for larger amounts (like 10 BTC) I would take the gold bar. I guess my cut-off point would be about $5000 worth. |
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Perhaps we will just have to get used to the occasional robbery of BTC from exchanges (etc.). It looks like these thefts will not stop.
There is risk of theft of most assets, including gold.
Many of us can improve our security however: hide gold well and store BTC in hardware wallets. Those are simple steps to better secure your holdings.
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There is a new & cheap hardware wallet now out (Opendime) that are similar to physical bitcoins. They are cheap USB sticks that are cleverly designed BTC wallets. These are meant to be passed around once you have loaded BTC onto them, when the device is passed to someone else (as payment or a gift), that transfer is like cash, an "offline" transaction. The Opendime sticks are cheap & disposable, it is hard to describe in just a few words so I refer you to here: https://opendime.com/I have ordered three to check them out. It's an interesting idea. They also have their own thread at "Project Development How do they work conceptually? I mean that thing with private-public keys transfers provided there is no Internet around... Let's call it a massively offline mode deisik I'll have to wait until I get them and try them out before I can really comment further. I need to see if it actually really is as easy to use as they claim. It certainly looks like a great idea though. That offline mode (nice description, well put, H/T) is part of the attraction. Opendime seems to have a niche to themselves (at least for now). |
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and yesterday unicredit giant went down yet another 10%,it is effect of friday banks stress test in ball-in depositors money can be used to fund banks,same like it was on Cyprus It's even worse today, the European banks keep going down: http://www.zerohedge.com/news/2016-08-03/european-banking-system-bloodbath-continues-post-stress-testA sea of red the last 3 days... A table from the article (European bank stock price losses in the past three days):  A highlight to note: Deutsche Bank is down 6.8% over the past three days. Ouch, that's going to hurt. |
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I'm thinkinhg of investing some money into btc (I'm planing on buying and holding about 0.5btc), and I wasn't really into the btc price flow lately. What will happen to the price? Do you think it will rise or fall?
Of course price of bitcoin will be fluctuating and if you wanna make Investment on bitcoin. Make sure you use idle money for do it, because always there are risk on Investment. I would put investing in BTC in the category of "speculation" rather than investing. While I agree that the overall trend *looks like* will go on up (with hard bumps along the way), no one really knows... There is a real risk that Bitcoin could go way down or even to zero. Moi? I have BTC as a good long-term speculation. Better odds than a Lotto ticket. But, if you do not fully understand what you are doing (I do not fully understand BTC), then keep you exposure very low, perhaps a maximum of 1% - 3% of net assets for example. |
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perfect time to buy cheap coins. please people, dont regret buying them cheap
treat this saga as a discount day.
Bought $100 worth. Why not? This is your one chance to ever get them this cheap. Buy up while you can people! To the mooooooon . Seriously though, I think this will get the volatility going that we do desperately need in the market right now. No one gets excited over flat prices! I did the same thing. Was planning to replenish a little anyway following a Purse purchase, but rounded up on the news of the hack and crash as the market always overreacts. This is too bad though. Once again we are reminded not to leave funds entrusted to a 3rd party. It leaves a big juicy target for thieves, as opposed to them chasing after individuals one at a time. One thing I haven't seen covered yet in any detail is culpabilty and restitution. Assuming the thieve(s) are not caught, is there any insurance coverage, or does Bitfinex have the deep pockets and willingness to provide any restitution? Were all users at Bitfinex wiped out or just some, or just partially? I would agree with your comments. IMO, the BTC price will likely go back up in a few weeks, but who knows? NO ONE here has demonstrated to me any ability to predict the future with any specificity... And, of course, holding most BTC in cold storage of one for or another (preferably more than one!) is just smart. "What can be hacked, will be hacked." |
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I stand by my opinions mentioned earlier. If both governments do not OK the idea of BTC remittances, I do not see a massive BTC Infrastructure that could be built soon (and that Mexican migrants would use). That goes for both the US side (BTC ATMs, exchange shops, etc.) as well on the Mexican side (banks taking it, non-governmental interference).
localbitcoins? I have a hard time using it myself (probably too few interested in my city, and there ARE immigrants here).
Mexico allowing it? I don't really have a good opinion to offer, but my guess would be no way, too much seignoriage to be made off making the local currency).
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I am beginning to think that the only way to escape from the claws of BIG .GOV is some kind of version of Going Galt. Hiding your assets if/when it becomes necessary (part of the motivation of many here to get into BTC in the first place).
I concur that it is going to get more difficult in the medium-term to escape higher taxation, particularly for the Upper Middle Class and the lower ranks of the Upper Class. The more I have looked at Peru for example (our "Plan B" country as that is where my wife has family and we have our business) looks less and less attractive as time goes by.
It may be that iamnotback's ideas of a Knowledge Age might be an escape, but I have not put in the time & effort to try to completely understand it, and I think it might not apply well to my own circumstances.
SOME kind of bad event, or series of them, is likely coming IMO. I still believe in preparation and diversification.
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trollerc That was a great story, thanks for posting it! Peru's spy service has always been pretty good (effective), they have been at it for a long time. Our business down there once suffered a night-time robbery (burglary). We lost something like $3000 in product and had to pay for some damage and additional locks and security (alarm). I flew down when I heard about. Of course the perps were never caught, but we have an idea who at least some were. A few days later, when I was at the airport going through security, the official caught my name on my passport and mentioned the crime... Peru is one of those places where it just is not smart to fuck with their .gov. |
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