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41
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Bitcoin / Development & Technical Discussion / Re: Matching addresses on 3 blockchains
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on: November 26, 2017, 03:14:48 PM
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Im still very confused about this.
As more and more BTC forks happen, I have more and more BTC sitting on exactly the same addresses in other chains. Im scared that if I move them from one chain, it may be creating some sort of conflict in another chain and I will not be able to access them all.
Let's say I have matching BTC on BTC, BCH and some other fork that uses the same address format. How do I go about getting the BCH and this other fork out without no worries?
I move the BTC from my wallet, import this empty wallet in the BGold Core client (Bitcoin ABC), and attempt to move it, but this address is still matching with this third other fork. This doesn't matter because only matches with the original blockchain where the fork got split from matters? I hope this mess makes sense.
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42
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Economy / Economics / Re: "Bubbles" Made Bitcoin Stronger
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on: November 26, 2017, 01:30:26 AM
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Bitcoin grows in bubble-bursts cycles because it's a very disruptive technology. The most disruptive invention ever in fact. The road to $1,000,000 isn't a smooth one, but an exponential one with big sell offs from scared panicsellers that will not make it to the top- Sp just hold and buy any dips, since it's impossible to time them. The only thing you know is that they will happen, but you don't know if it will be $10k, $20k or $100k before the next big pop.
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43
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Alternate cryptocurrencies / Altcoin Discussion / Re: Vitalik Buterin Lays Roadmap for Ethereum Visa Levels Quadratic Sharding
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on: November 26, 2017, 01:06:56 AM
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The point is that OI think there are already platform which are much faster than Ethereum. I think Stellar is, for example. Probably Byteball as well.
All of these models have weaknesses compared to PoW. For starters, Byteball is just trusting that the russian dev guy keeps delivering the airdrops... Ethereum has a stupid coin distribution with biggest holders being ICO founders. Sharding is vaporware and was criticized lengthily by cryptography in the field. I personally still see nothing new under the sun compared to what we have to be frank. If you have information about upcoming eth pos, can you please tell us? I think you're an experienced user. I wonder the pos requirements really. I want to be an eth pos participant, do we need certain amount of eth for this? I don't know the details, but Ethereum is supposed to finish his PoW period soon, maybe next year? it should be easy to google this and find the info. As far as participating in the staking process, I guess it will be the regular PoS behavior, namely, you just need to have as much ETH as possible on your wallet to raise the chances of getting income. It's like PoW but instead of hashrate, you need a bigger stake of coins held. |
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44
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Alternate cryptocurrencies / Altcoin Discussion / Re: Vitalik Buterin Lays Roadmap for Ethereum Visa Levels Quadratic Sharding
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on: November 25, 2017, 06:43:50 PM
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The point is that OI think there are already platform which are much faster than Ethereum. I think Stellar is, for example. Probably Byteball as well.
All of these models have weaknesses compared to PoW. For starters, Byteball is just trusting that the russian dev guy keeps delivering the airdrops... Ethereum has a stupid coin distribution with biggest holders being ICO founders. Sharding is vaporware and was criticized lengthily by cryptography in the field. I personally still see nothing new under the sun compared to what we have to be frank. |
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45
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Alternate cryptocurrencies / Altcoin Discussion / Re: Best masternode to invest ?
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on: November 25, 2017, 05:00:30 PM
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I was looking into Poswallet masternodes. Anyone knows when they will be released? I think it was going to happen this month but im not sure. I would like to know what amount of POSW you need to run a masternode and what kind of gains would you make with one depending on how much stake you got.
I like the idea of Poswallet, if they can make it work it will be an huge coin. It is highly undervalued if it can fulfill its potential, specially when ETH goes PoS soon.
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46
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Alternate cryptocurrencies / Altcoin Discussion / Re: How to keep track of all of the bitcoin fork prices?
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on: November 25, 2017, 03:33:05 PM
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The trick of keeping track of all of these bitcoin fork prices, is that you don't.
If you have been hoping to get tons of free money off of these than, yeah, free money is nice but is it really worth your time?
Shouldn't you be putting more effort into truly profitable alts?
Out of all the forked coins, there is only one that registers a blip on the radar, and that is BCH.
And the only reason why it registers is because it is being pumped in the shadiest ways imaginable.
So all these other "bitcoins" really don't have a chance.
If you are looking into stocking up on btc to get free coins from forks then I would imagine that is just a stressful endeavor with very little reward.
You are wrong to be frank. Just look at how if you monitored BCash after the crash, you could have been prompted by a portfolio's alarm to dump the shitcoin at the $2000+. Same goes for the rest of the forks. BTG will keep going up in my opinion. The question is how high? who knows, and I don't have time to look at charts, that is why I just wanted a portfolio to prompt me when my price target is meet so I just have to dump it. I know they don't have a chance, I just want to dump them at a good deal for more BTC. |
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47
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Alternate cryptocurrencies / Altcoin Discussion / Re: How to keep track of all of the bitcoin fork prices?
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on: November 25, 2017, 01:17:56 AM
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What are you guys using to keep track of so many altcoin bitcoin forks? it is driving me crazy with so many different ones, and I can't simply ignore them when im getting free money..
Bitcoin Cash
Bitcoin Gold
Bitcoin Diamond
Bitcoin Silver
Bitcoin Platinum
and we are still going to get a lot more through 2018. Most of those don't even exist yet. Cash and Gold are already traded on major exchanges, so they are very easy to track. It's not even clear that the others will happen... isn't Bitcoin Silver a joke? In any case, Blockfolio is very quick to add coins.... Blockfolio app spies on your portfolio, so I can't trust that.
I'm not too worried about that, personally. But here's a thought: why not just add coins in "watch only" mode? That way, you can see the ticker in your portfolio and also set alarms/notifications. But as far as Blockfolio knows, you don't "own" any coins. Blockfolio only acts as "watch-only" to my knowledge. Who would be stupid enough to put their private keys on an android or just any other type of phone anyway? But that's the problem, the problem is, you don't want Blockfolio reporting your portfolio to the IRS or whoever the fuck is getting their reports, because call me paranoid, but im sure that's exactly what they are doing, so I need some alternative to do this. |
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48
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Bitcoin / Bitcoin Discussion / Re: Coinbase CEO Brian Armstrong Says: Bitcoin & Cryptocurrencies are the new stock
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on: November 25, 2017, 12:39:37 AM
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I mean of course he is extremely pro bitcoin and optimistic it is his entire business to be so.
What are your thoughts on their new "Coinbase Custody" hedge fund program? I can understand why he would want to create that service. It is a service that will have high demand, like it or not. All that institutional money isn't going to download Bitcoin Core and have an airgapped machine to store private keys (as they should) so they will resort to a counterparty. If Coinbase is ready to deliver this level of security ready to be such a counterparty of risk (we are talking about billionaire portfolios) it's another story. Armstrong may be punching out of his league here. |
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49
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Alternate cryptocurrencies / Altcoin Discussion / How to keep track of all of the bitcoin fork prices?
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on: November 24, 2017, 07:43:37 PM
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What are you guys using to keep track of so many altcoin bitcoin forks? it is driving me crazy with so many different ones, and I can't simply ignore them when im getting free money..
Bitcoin Cash
Bitcoin Gold
Bitcoin Diamond
Bitcoin Silver
Bitcoin Platinum
and we are still going to get a lot more through 2018.
I like to use cryptofolio.info, it's a good and simple portfolio, the problem is, it takes so much time for coins to be added.
Blockfolio app spies on your portfolio, so I can't trust that.
Any other programs or sites to keep track of coins?
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50
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Bitcoin / Development & Technical Discussion / Re: does operating a fullnode favourize my transactions?
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on: November 24, 2017, 05:41:02 PM
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It's more safe
In what way is it more safe? Safe is a relative term, and what is safe for one person is not always safe for another. For many people, a light wallet such as Electrum is MUCH safer than a full node such as Bitcoin Core. it has some functions that light wallet don't have (replace-by-fee for example)
I'm pretty sure Electrum has Replace-by-fee. and also if you're skilled in crypto you can compile your own wallet with functionality that you need.
What functionality do I need that Electrum doesn't already supply? Isn't Electrum an open source project? Can't I change the code of Electrum for my own purposes if I want to? You have the full blockchain and you validate your own transactions, your BTC addresses do not leave your wallet and so doesn't your tx. In an SPV wallet, they are sent to someone else's node. Luke Dash JR has very good critiques on SPV wallets and how using your own node to transact is the only way to be using 100% bitcoin.
If you're not using a full node for your wallet, you're not using Bitcoin, and won't get the benefits Bitcoin provides over fiat currency. You might as well be using PayPal in that case, except with a random anonymous person in place of a regulated company...
So, always use a full node. Luke-Jr
If you only scan the blockchain then you don't know it's actually valid, and you are not secure. You are then trusting the random anonymous person to have validated it for you, and if they haven't, you may be trusting invalid blocks and not actually receiving payments you think you are. Having the wallet keys locally doesn't help if those keys don't really control any bitcoins. So sorry, you're wrong: a full node you control is absolutely needed to be secure and get Bitcoin's benefits. Luke-Jr https://bitcoin.stackexchange.com/questions/52148/should-i-use-a-full-node-as-my-main-wallet/52238Im not saying SPV aren't a good way to start for newbies, but consider running a full node eventually. |
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51
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Bitcoin / Bitcoin Technical Support / Re: Bitcoin and raspbery !!
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on: November 24, 2017, 04:31:33 PM
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A raspberry pi is going to be slower than a modern computer these days with over 4gb of ram and a modern operating system. But the good thing about the raspberry pi is it's pretty nippy and doesn't need a lot of storage space for the operating system.
Well if he wants a raspberry pi to run brainflayer he may just be looking forward to bruteforcing brainwallets, so he would need to calculate the amount of electricity consumption in relation to the computing power and thus chances of breaking into an existing seed. So hey may be better of staking raspberry pi's than using fewer faster computers. If you dont know what brainflayer is: https://rya.nc/cracking_cryptocurrency_brainwallets.pdfThis is why you never use wallets that can be spawned with seeds. |
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52
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Alternate cryptocurrencies / Altcoin Discussion / Re: Another Bitcoin Hardfork
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on: November 23, 2017, 07:21:58 PM
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I just heard a news that there will be another bitcoin hard fork all info here : http://www.btcd.io/index.html what do you think about it ? will this hardfork have a higher value from the old hardfork of bitcoin or it just another free money ? It's just another fork. There's also Bitcoin Platinum, Bitcoin Silver, Bitcoin Diamond, it's pretty funny actually. Don't stress about these, just enjoy the free dividends as a Bitcoin holder. We will have thousands of forks by the end of 2018, at that point it will be even more clear than ever the fact that there is only Bitcoin, and we will own tons of altcoins for free (probably some you will not even know that they exist and you own). |
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53
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Bitcoin / Bitcoin Technical Support / Re: bitcore core shut down my internet
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on: November 23, 2017, 06:37:36 PM
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And if you should also not store your coins in a windows machine. If you want to be serious about your money, get Linux and install Electrum there. You have to get used to using Linux if you want to be safe from propietary software.
Get an easy to use distro like Ubuntu and you should be good to go, learn how to install Ubuntu and Electrum on it just look for Youtube tutorials about it it's pretty easy.
I have experience in Linux, have played around with it enough in the past. Should I actually create a VM for it? Or just dedicate a computer/laptop to it? I would buy a laptop that can be librebooted, which means you are going to be using one of these old Thinkpads and not much else. You can also buy a computer and install Coreboot on it, but Coreboot doesn't get rid of most of the ME stuff, Libreboot gets rid of it all as far as I know. All advanced users in Bitcoin know that CPUs have spyware on them, so if you want to be serious, research the subject. If you aren't ready to do that, then at least install Linux in a partition or buy a separate HDD for it. VM is good for testing but I wouldn't run VM for anything serious. |
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54
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Bitcoin / Bitcoin Technical Support / Re: bitcore core shut down my internet
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on: November 23, 2017, 04:03:24 PM
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So either get electrum or simply get a better internet deal with no cap.
I'll have to do some more research, but is that a personal preference over say Mycelium or are there benefits to having electrum over mycelium? AFAIK, mycelium is an android SPV HD wallet, while electrum can be installed on linux, windows, mac, android,... The only popular platform they don't support seems to be the iphone. I wouldn't put all my BTC on a mobile wallet to begin with, just because a mobile phone can be lost/stolen quite easily... But that's just my personal opinion And if you should also not store your coins in a windows machine. If you want to be serious about your money, get Linux and install Electrum there. You have to get used to using Linux if you want to be safe from propietary software. Get an easy to use distro like Ubuntu and you should be good to go, learn how to install Ubuntu and Electrum on it just look for Youtube tutorials about it it's pretty easy. |
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55
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Bitcoin / Bitcoin Technical Support / Re: bitcore core shut down my internet
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on: November 23, 2017, 01:57:35 PM
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bitcoin core. I downloaded it using the link at this site. I have used torrent software before with no problems, but never downloaded or uploaded a lot. Ya I'm sure something is up with the provider. I just talked to one of the reps in a chat window.
She told me 180GB is my cap.
It's over. For someone that has an internet data cap (I haven't heard of that for years.. only in phone internet providers) you simply can't run a full node, unfortunately. You will have to resort to SPV, that's Electrum. It's the only SPV wallet I would trust if I couldn't run my own node. So either get electrum or simply get a better internet deal with no cap. |
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56
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Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin is officially dead
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on: November 22, 2017, 07:10:28 PM
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...
how can it be successful when the confirmation times for bitcoin haven't changed? and the fees are still quite high....
This isnīt really true. The mempool only has a few thousand transactions most of the time these days - since the spam attacks on the Bitcoin blockchain stopped. Therefore even very low fee transactions with a few cents are getting processed in 1-5 blocks. The reason why the average transaction fee is still so high is, because some users just donīt have a clue that they could get away with a much lower fee and the fact that many wallets use terrible standard settings for fees (and the average user is lazy and doesnīt bother to customize the settings). We still get spammed from time to time, but until all the big wallets, exchangers and so on provide segwit address for newbies to use, we will not see a big decrease in the mempol. Right now you can get a transaction for $0.2 with a segwit transaction, but until it isn't as easy as "click" to send it, the mempool can't go down. U hear that more and more exchangers are adding segwit support, so it will soon get better. |
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57
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Bitcoin / Bitcoin Technical Support / Re: Question about shared wallet
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on: November 22, 2017, 05:39:07 PM
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If I copy my wallet.dat to another computer and generate new address on old computer and then send to new generated address 1 BTC,
will the wallet.dat on another computer be updated with new address and btc?
If yes - why its possible ?
It depends, depending on your wallet, you may not see the new address or the Bitcoin. The Bitcoin Core wallet (and most other wallets) have this thing called the keypool. The keypool is just several (Bitcoin Core defaults to 1000) keys and their addresses that are pregenerated. When you get a new address, you are given a key from the keypool and a new key is generated and placed into the keypool. This is useful for encrypted wallets where you can get addresses and public keys without needing to decrypt your wallet first. So if your wallet has a full keypool, then yes, you would see the new address and the Bitcoin on your other computer as it would see the transaction for a key in your keypool. However your keypool may not be full. You could have taken all the keys from the keypool. If your wallet is not an HD wallet (so Bitcoin Core wallets made prior to Bitcoin Core 0.13.0), then once you have retrieved the keys from the keypool, all keys after that will not be the same (aka any newly generated keys are not the same). This is because they are randomly generated. If your wallet is an HD wallet (Bitcoin Core wallets make with Bitcoin Core 0.13.0 and later) then you will be able to get the same keys after the keypool is exhausted. This is because the wallet generates keys in a deterministic manner from a given seed that is stored in the wallet. So you will generate the same keys when the keypool is refreshed. Is there any command that will give me the amount of used keys from the keypool? I don't know if i have passed 1000 yet or not. What happens when you pass 1000 then? can I keep using the same wallet.dat file because it will automatically create another keypool inside the same file so it generates batches of 1000 each time you use 1000? how many keypools can be generated? Its not clear to me how this works. I never updated to HD wallet so im using the same old wallet.dat for ages, im worried in case there is any problems if I pass 1000 addresses. |
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58
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Alternate cryptocurrencies / Altcoin Discussion / Re: Confido ICO raises $340K vanishes
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on: November 22, 2017, 04:37:24 PM
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I read there was an "announcement" by Confidos CEO stating that there are "legal issues". Facebook and twitter accounts all gone, devs nowhere to be found. This is very bad press for cryptocurrencies that will put off a lot of potential investors.
It looks like a classic exit scam, but who knows, maybe they felt threatened by something, and they had to choose to either run with the money, or face jail time and stay poor as feds confiscate all the money. Eitherway, they are criminals on the run, and thank god I didn't fall for it. It is becoming increasingly harder to let go any BTC into any other project. Just hold BTC and enjoy. |
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59
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Alternate cryptocurrencies / Altcoin Discussion / Re: 0.01 BTC reward for help - How to claim Bitcoin Gold with Coinomi
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on: November 22, 2017, 03:57:10 PM
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Hey guys,
so I just exported my Private Key List for my (now empty of BTC) Offline Wallet with Armory, having the keys in PrivBase58, that should be the same as WIF.
Now I downloaded Coinomi and created a new wallet. Added Bitcoin Gold, clicked on sweep wallet.
Now I typed in the first key in PrivBase58, looking like this:
5Ke9An xfTEan y8HABR STux3V aekb33 PJjGtS D7YCsu cEVz2N PPg ( do not even try, I am not THAT technically uneducated)
When I did this, Coinomi is telling me, that the format was no recognized.
What I did wrong?
The one who is helping me to get my BTG claimed is getting 0.01 BTC(!) from me.
According to what i've read, Coinomi as of now supports these formats of keys- WIF, BIP38, Mini private keys. If PrivBase58 is the same as WIF... then it should work. Have you tried sending them to a paper wallet, then exporting the private key of the paper wallet into Coinomi? maybe Coinomi is being annoying about Armory's private key format or something. Edit: oh well, just saw the edit. |
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60
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Alternate cryptocurrencies / Altcoin Discussion / Re: Would any of you guys buy Bitcoin Gold or Bitcoin Cash?
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on: November 21, 2017, 11:59:13 PM
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Not really. Im tired of seeing Bcrash taking hashrate out of the real Bitcoin that could be used to get the actual blockchain with higher security. Roger Ver is a damn scammer investing so much money into trapping noobs with this shitcoin by pumping it and investing on marketing.
BGold... I don't really care. They use another hashing algorithm.
I wouldn't gamble with any of them. I guess BCash will pump eventually but I would hate to be contributing to Roger's pump n dump.
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