Thank you Danny for all your advice.
Regarding hardware wallets do you perhaps have any preferences.?. I've just been looking at the Ledger Nano S.
Danny had great advice (as is usually the case). A hardware wallet can be another good option. |
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Thank you for your quick reply.....I think I'll wait for the next version to see if moving to HD is any easier...:-)
Makes sense. Just keep backing up. 😀 |
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I think I might know the answer to this but wanted to make sure.
I am running the latest Core wallet and have been making regular encrypted back ups....now if I were to change my encryption password and then make a new backup would that render my old backups non assessable and usable to someone who found them but only knew the old password and not the new one ?.
I hope that makes sense...:-)
If someone already had a copy of the wallet (or obtained an old backup of that wallet) that was encrypted with the old password and you changed the password to a new password, they would still be able to access the old encrypted wallet if they had the old password. |
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Ah that's good news thank you for the replies....
I'm using the latest version of Core and have been backing up after *every* transaction which is obviously taking the ''back up regularly'' mantra a bit too far...!!.
Thanks again.
Did you create the wallet with the latest version of Bitcoin Core or a previous version? Be aware that if you created the wallet with, say, 0.10.x or 0.11.x or whatever, just updating to 0.13.x won't change your wallet to a HD wallet. You are right though, backing up after every transaction is probably overkill. I'm sorry I'm afraid I'm a bit confused ...the Bitcoin Core wallet I have is... V 0.13.1 ... and I have been updating this for the last few years whenever a new version comes out. So do I need to change to a HD wallet..?...and if so where do I obtain one from please ?. If you created the wallet with something below 0.13.x just updating to 0.13.x won't change your wallet to a HD wallet. It will remain the old wallet without the HD component. If you want to use a HD wallet, Bitcoin Core 0.13.x and higher will provide one, but you have to move to the one. There are some instructions here: https://bitcointalk.org/index.php?topic=1610647.msg16176943#msg16176943If you wait until 0.14.0 then the process for migrating to the HD wallet *may* be simpler. |
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Do you think the price may reach $2000 a piece. I will not believe that until we reach the all time high. We almost reach the all time high the last time we pump. And the PBOC started to do some actions to regulate. But we really cant say whats the outcome of price and i dont see the connection of this political tentions between this two country that will directly influence the price of bitcoin.
People didn't think dollar parity would be reached, and then didn't think it would stay. And didn't think $10 was sustainable. Or $30. Or $100. Or $500. :-) Time will tell. |
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Nigeria: An In-Depth Look at Using Bitcoin in a Currency CrisisThis case-study will focus on Bitcoin’s rise in Nigeria. It was partially inspired by a question from Bloomberg’s Joe Weisenthal about what benefits does Bitcoin bring to people living amid a currency crisis. http://bitcoinist.com/bitcoin-currency-crisis-nigeria/ Interesting...not to mention using bitcoin to preserve your wealth from being inflated away. |
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Ah that's good news thank you for the replies....
I'm using the latest version of Core and have been backing up after *every* transaction which is obviously taking the ''back up regularly'' mantra a bit too far...!!.
Thanks again.
Did you create the wallet with the latest version of Bitcoin Core or a previous version? Be aware that if you created the wallet with, say, 0.10.x or 0.11.x or whatever, just updating to 0.13.x won't change your wallet to a HD wallet. You are right though, backing up after every transaction is probably overkill. |
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authorities in Venezuela busted a huge bitcoin miner farm recently and this arrest is just the continuation of the witch hunt
this country pays the price for resisting the NWO and trying to be an independent state
with raging inflation,lack of goods and food and coup attempts,Venezuela adopted bitcoin as their secondary currency (unofficially) so the goverment is trying
to prevent another orange revolution or "arabic spring" happen in their country
Resisting the NWO? The same philosophies that the so-called NWO want, Venezuela has implemented: an all powerful, totalitarian government, law that is flexible for some, staffed by cronies who are willing to sell their people down the river to line their own pockets with money and power. Venezuela is a look at what awaits the world if the people who want "free stuff" at any cost win out over the people who want freedom. If you want worthless a currency, no freedom, a despot who can arrest you for practically any reason, people dying in hospitals for lack of antibiotics, little food, chaos and violence, then Venezuela is showing the way to get there in a decade or two or less for countries that can't rely on oil money to help them for the first 10-15 years. |
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Well I guess he is happy now. Time he spent mining (from 2012 to 2014) earned him a lot more than few thousands of dollars that he is fined with that servers, especially since that was not time of ASIC miners (first was here in 2015)
Just FYI, the Avalon ASICs arrived in early 2013, so for most of 2013 and 2014 he was competing with the ASICs. They arrived within a few months of the Nov 2012 halving. |
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Bitcoin Core Dev’s Blocksize Reduction Proposal Draws Ire from ViaBTC FounderHaipo Yang, ViaBTC’s founder and former employee at the Chinese internet giant Tencent, expressed strong criticism in a brief interview with CCN towards Luke-Jr, a Bitcoin Core developer and Blockstream contractor, regarding his proposal to reduce the blocksize to 300kb or, alternatively, for the network to wait another 7 years before an increase of the current 1MB transaction capacity. Yang says:
“If we change the block limit to 300KB now, the bitcoin system will crash. He, as the core developer of Bitcoin, [is] very irresponsible to do this.”
Luke-jr did not respond to our requests for comments in time for publishing.
Yang further stated that Bitcoin Unlimited is winning and despite a recent bug that created a forked bigger than 1MB block, ViaBTC will continue to support BU as “every software has Bug. We have bug too and lost some money.”https://www.cryptocoinsnews.com/bitcoin-core-devs-blocksize-reduction-proposal-draws-ire-viabtc-founder/ BU as “every software has Bug. We have bug too and lost some money.”
I am just guessing, but if he can't even get basic English right, I'm not surprised they have bugs. |
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Thanks! It was Electrum. Now I can retire on the $8 he sent me.  Thought it might be. Hopefully by "retire" you mean spend or move to a new address 😀 |
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Short summary: socialists hate letting people have freedom with their own lives and money. |
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Avoidance is legal and recommended. Evasion is illegal and not.
A flat tax or something like the Fair tax would remove these loopholes. And remember who put the loopholes in there - the same people who then demagogue about them, politicians.
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Do you get the same error when building from the GitHub repo? I didn't see in the quotations above, but which version of bitcoin is in the debian testing repo?
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Hi,
Is there any way that I can get my previous wallet private key?
Thanks
Yes, restore a backup of your wallet and export it. If you don't have a backup and can't get recover it from your hard drive (e.g. by scanning the drive etc), then no one here can recover it. If you just recently formatted your drive shorena's advice should be followed. |
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Also, what command did you run to get that error? or was that just in building it.
If it was in the build, I think the wallet first creates the "debug.log" if you could navigate to that (in the "bitcoin" directory and can post it here that might add a greater insight).
tried with sudo and su didnt work also does the debug.log ever go by a different name? as i cannot find a file by that name This looks like an error created during compiling. The debug.log is not created until the software is compiled and then run. What commands have you done to get to this? What software are you building? What version of that software? cross compile on ubuntu linux with mxe, i managed to compile one wallet and am trying a different one now and it is qt4 Which different wallet is this? What command did you use to do so? |
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If a person has millions of Bitcoin and he die one day and no body can hack his Bitcoin wallet than what will happen with those Bitcoin? Considering this situation is this possible that Bitcoin will not exists for use in the world any day since limited numbers of Bitcoin can be generated?
What is your thought on this?
The only person (or group of persons) who potentially has even close to one million bitcoins is Satoshi, so a person having "millions [plural] of Bitcoin" as of now is impossible. Someone could purchase one million bitcoins, but that would disturb the market so much that by the end they might have paid many 10s of billions of US dollars for them, but it is of course possible. As far as what happens if he were to die, did he have his private keys somewhere others could access it/them? If so, someone else (his heirs) can access them. If not, then they are lost, probably forever*. * I say 'probably' because we don't know how the private keys were generated. Perhaps the PRNG was bad, he used a brain wallet and someone discovers it or something else. |
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