Yes. Seed = private key. PIN only protects for not getting into the device (and does a good job on that, because every invalid PIN adds a serious delay.)
You should add a passphrase though which functions as 25th word. This should be pretty long (let's say 8+ characters), otherwise it could be easily brute-forced with the seed. However, if you forget your passphrase, the funds are gone.
Basically it's much more important to keep your backup seed safe than the device.
This is such a bummer. I wish the pin was functionally a 25th word as well. I'm sure there are reasons why it cant actually be, but it would be nice if there were a way it could functionally be. I mean if someone ever got a hold of my seed and keylogged me I would be cooked. But not if the pin was functionally a 25th word. |
|
|
|
Will this indicate a price rise soon more than now? What will happen if Roger Ver has the other idea of not supporting XMR? Speculations play key role in driving price. He sounded very bearish on bitcoin in the interview. I would expect him to be looking for alternatives. |
|
|
|
|
Can an attacker gain control of my private keys if he controls my mnemonic seed but my pin remains secure?
|
|
|
|
Does anyone see bitcoin having a small bubble, maybe to $2,000 and monero going 10x-1000x?
Or will bitcoin languish in a trading range, between $500 to $700, for the foreseeable future?
If I had to guess I would guess this: The global economy is sort of melting down at the moment. International trade is cratering with governments competing to devalue faster. Governments have been printing a lot and they probably will continue to. We havnt seen much price inflation in the consumer sector because most of the excess liquidity has gone towards creating price inflation in the stock, bond and real estate markets. They are in extreme bubble territory. Particularly the bond market with +14 trillion in sovereign bonds yielding incomprehensible irrational illogical negative interest rates. When these bubbles pop that capitalization is going to slosh into other places. The main two places for investors seeking safe haven liquidity will be precious metals for conservatives and crypto for progressives. When this title wave comes into crypto they arent going to know about anything besides bitcoin at first. So expect to see a massive jump in bitcoin with other cryptos lagging behind. Then they will start to research and become interest in alts and some of that capitalization will start to flow out of bitcoin and into altcoins. |
|
|
|
I am hoping for a drop to 650k. I will be all-in at that point.
Yea. Screw bitcoin and its non-fungibility and politics preventing any solution. I don't expect a significant drop but I'm hoping too. |
|
|
|
As a scientist myself, it became clear to me that the contrarians were not capable of providing the science to support their “skepticism” on climate change. Wow what a glaring burden of proof fallacy. This is what passes for a scientist these days? Maybe these scientists should be taught how to think before they are taught what to think. |
|
|
|
How many coins would a person need in October 2017 to be considered a whale?
100,000 should do the trick. |
|
|
|
What makes this so exciting is the volume. This volume is unheard for a coin with such a marketcap. And especially for XMR. I was lucky enough to trade at the right time so i sold some almost at the top. Of course looking to rebuy when i see the right moment. Finally monero starts getting the attention it deserves! I really believe that we havent even seen most of what it can do with its price. As for its tech, i think we are pretty much sure now that it is the real deal since we are finally justified by the recent news. As we all speculated for so much time... Community grows steadily for the last 9 months and i expect to become way larger. Goals are being completed and good news are coming all the time. If we manage to help the newcomers with the coin and manage to not have any huge hacks etc i see a bright future. The biggest problem i identify is not the GUI but the fact that we are too dependent on Poloniex. We really need to get listed elsewhere although i assume that this will happen soon.
Most of the fudders here always wanted to manipulate the coin so they can buy lower. But i am laughing to those few that were shitting all over the place just to help their shitcoin. Being here from the first/second day its so damn funny to remember the first months with the bytecoin shills(i am sure the bytecoin people are already on board) and all other coins claiming to be anonymous or that they are also bringing ring signatures only to cease to exist today. The core team is perfect! No other comment. If there are ideas for funding projects/coding etc i think devs must step up now. Yeah i am excited  Very true here... I wish we could get some high volume trading over at bitsquare, or maybe have a new version of moneroclub (or other LBC like website for monero) to get less centralized in terms of exchange sites. Usability is a little weird on bitsquare, but I'm sure it will continue to get better over time and will eventually become easier. It's exciting to see people finally willing to hear out what the community has been saying for a while about how we have a solution to fix Bitcoins fungibility, scalability, and anonymity issues. Bitsquare needs market makers and arbitragers and you wont have those without an api. Good news is API in the works I hear. |
|
|
|
Well folks, just here to remember what was the situation a few months ago. Said that, I'm full out of XMR with more than a +500 BTC profit. Just have to say very thanks to all of you for your behaviour. We could not did that without you. Now it's turn to your brothers BBR and AEON, so get ready for the pumps!!  Well thanks brother. You know what they say. There is no such thing as bad press. |
|
|
|
Hi im trying to withdrawal from my online wallet in mymonero.com but give me a red message saying too many amounts , all data i revised 100 times and its correct, anyone moar having this issue ??
Try a smaller amount. You probably have a lot of smaller (dusty) inputs, which inhibits you from sending it all at once. Yea this is frustrating. I really wish mymonero had a "send all" that would send the largest amount possible given the state of your wallet. |
|
|
|
No other coin offers the privacy, untraceability, fungibility, and security in a decentralized system (no trusted setup required).
If the Mossad ever gets around to releasing zcash. Can you support this claim in any way? I would even be interested in anecdotal observations that point this way. |
|
|
|
It would most likely be treated as money laundering. I disagree with that potential line... But that's where my money'd be.
Sadly it's probably not worth the risk.  |
|
|
|
I first got started in bitcoin by buying and selling precious metals on bitmit. I was thinking about doing the same thing with monero on oasis market now that they accept monero. Would anyone have any interest in this?
As a side note, does anyone have any idea about the legality of doing something otherwise perfectly legal on a place like a darknet market?
Monero needs a clearnet bitmit style auction site.
what about your silver asset on NXT, is it abandoned? Why not just revive the NXT offering and get help marketing that? Never gained traction so yea it's abandoned.  |
|
|
|
Just realized in 2 days its the two year anniversary of this thread! Congrats @Smooth and everyone else who was here from the beginning - thank you for everything
I've been here since before block 200k. Not as early as some but it's felt like an eternity of sitting patiently reminding myself of fundamentals.  |
|
|
|
|
I first got started in bitcoin by buying and selling precious metals on bitmit. I was thinking about doing the same thing with monero on oasis market now that they accept monero. Would anyone have any interest in this?
As a side note, does anyone have any idea about the legality of doing something otherwise perfectly legal on a place like a darknet market?
Monero needs a clearnet bitmit style auction site.
|
|
|
|
It wasnt having to do with earlier models. My trezor seemed to slow down significantly after the firmware update that came right after the discovery of that attack vector. But now it's seems to be back to the way it used to be. Also I could have just been experiencing an unlucky series of server problems with mytrezor.com around that time. Not sure.
I've found that using MyTrezor with a Trezor can sometimes slow things to a complete crawl, so I don't think it's any fault of the device itself. Whenever I've had issues with my Trezor being slow with MyTrezor, I switched to using Electrum with the Trezor and it was responsive again, so I suspect that most of these slow Trezor issues lie within the MyTrezor web app. Yes it certainly could have been just this. |
|
|
|
Yes 2 is the current minimum mixin is 2 but will be raised to 4. Therefore it seems to me that 4 is a good recommended minimum now. I use anywhere from 4 to 10.
Accepting a range as an input could be cool. If you always use the same value there is information leakage there. So its wise to use a random value within a comfortable range. However humans aren't good at random so it would be nice if the client could handle this. I'll submit this over in ideas I think. |
|
|
|
We're at $2.46 ... can we please not talk about $1000?
The most likely scenario is that XMR will fail.
How? It looks to me like there will be a replacement as the development progress has slowed to a crawl. Not to mention Diffie-Hellman elliptic Curve25519 is considered not safe. I no longer trust the constants. I believe the NSA has manipulated them through their relationships with industry
— Bruce Schneier Should I continue? You should continue... we are not cryptographers. Are you saying that they have a backdoor to XMR?. Is this curve reemplazable in a common hard fork? Is there any evidence for this besides Schnier's conjecture? There are other possible motivations for the the NSA trying to diminish ECC, see this comment https://www.schneier.com/blog/archives/2015/10/why_is_the_nsa_.html#c6709393In his defense, I think the burden of proof has to rest on those who say its safe not those who say it isn't. "My ECC is safe" is the relevant positive assertion. |
|
|
|
I wonder if the third time will be the charm. Kinda feels like it.
I think so. Bitcoin use is growing, but XMR is likely to displace a lot of the current use cases over the next 2 years, so selling seems stupid, so supply is likely to be tight and demand high. Yes there are some stupid or greedy holders, so maybe you can scoop the occasional dump, but mostly, no, not gonna happen. Dumping any coin without any serious reason is stupid. If you need to get rid of larger amount of coins, more profitable options are to arrange OTC trade or sell slowly to the markets if you do not want to reveal anything to your opponent. I love the idea of running a dark order-book for otc trade. I've tried a couple of times but none have ever taken off. Do let me know if you guys are ever interested. I have developed a very strong reputation as an escrow provider. |
|
|
|
|
Show Posts
