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21  Bitcoin / Bitcoin Discussion / Re: Is it possible to generate existing BTC private & public key pair? on: November 28, 2015, 02:20:59 PM
that number is certanly impressive but there are more atom in the universe than the possible private key, so this lead me to think that in a very distant future sha256 will be broken

for the OP... it was asked already and it is not possible
SHA256 is already broken.
There is currently no weakness in SHA256 and ECDSA. SHA1 however, is weak and has collisions. Private keys can be calculated if quantum computing can break ECDSA. This means that private keys can be derived from public key. Public keys are broadcasted with a transaction. This isn't a huge threat since a fork can be done easily.
22  Other / Beginners & Help / Re: What is the safest and simplest way to keep bitcoins? on: November 28, 2015, 01:15:55 PM
Use the paper wallet.
It is secured.

I agree that paper wallet is the safest, I don't know if it is most simple. From the physical aspect paper alone could be dangerous. It needs to be covered in plastic to avoid damage.

Yup, lamination can help. But, you need to keep multiple backups for redundancy.

A safe and cost effective wallet is a paper wallet but you need a clean android phone to scan qr code and spend it. If you want cheap but very secure storage, get raspberry pi and install electrum on it. Download raw transaction on online computer and sign it on the offline raspberry pi.
23  Other / Beginners & Help / Re: what about scammer ? on: November 28, 2015, 11:23:24 AM
Being scammed will always depend on you, as a bitcoin holder. It will depend on your carelessness and stupidity. If you're scammed, then it is not bitcoin's fault.

What about Mt-gox? There was no way to know before hand and it can happen to more exchanges, even the most trusted ones taking in count that mt-gox was basically THE exchange for bitcoins. Bitcoins make it easier for people to scam because they can open a business, scam and then run away with almost no possibility of being traced
Mt Gox was not trusted at all. They had a few security issues including one which crashed the market. The problem with them is that they aren't solvent for a long time. The solution here is pretty simple, have a publicly verifiable hot and cold wallet so that the general public can at least be assured that the exchange is solvent. If not, audit it regularly. Many exchanges such as kraken have audits.

All in all, putting large amount of money in an exchange for a long term is a no no.
24  Other / Beginners & Help / Re: Best bitcoin wallet on: November 28, 2015, 11:20:45 AM
I see have several wallet sites. My opinion: blockchain.

But in my experience, desktop wallets are better than web based wallets. But blockchain.info is unique by the way it provide access to our private keys and you can access your bitcoins via internet from anywhere.

Both online wallets and desktop software wallets have many pros and cons. We must choose a wallet which lets us to access private key and easy set up based. Any wallet we can use but we need to have strong password or phone verification enabled are better ways to have secured wallets.
Xapo wallet seems to have all of those except the access to private key part. It has high security level as you mentioned and has a debit card that enables the user to withdraw bitcoins which is a bonus to many.
Haven't used it myself just bringing up some points that I have seen from their site and other btc news sites.
Xapo is a relatively good online hot wallet but that's all. If a service have knowledge of your private keys, it shouldn't be safe at all since a hacker can steal them easily. In terms of privacy, Xapo has none. They require users to verify their phone number before using which is a huge turn off for many users. It's required since they probably have to comply with the local regulatory measures.
25  Economy / Web Wallets / Re: 5M wallets created on Blockchain on: November 28, 2015, 08:53:27 AM
Blockchain.info is the safest web wallet you can use. It is perfectly secure if you enable your 2FA security feature. I have been using it since ever and never had any troubles.
You might want to change your statement now
http://blog.blockchain.com/2014/12/08/blockchain-info-security-disclosure/
http://blog.blockchain.com/2015/05/28/android-wallet-security-update/
https://bitcointalk.org/index.php?topic=875805.0
There should be more but I can't really be bothered to put all of them right now.

Blockchain.info is definitely one of the more popular wallet services right now. Even with the security issues, many newbies are using it due to it's interface and user friendliness. They don't require captcha for creating an account so I wouldn't say that there's a real growth in adoption rate.
26  Economy / Web Wallets / Re: What if blockchain.info's server crashes!? on: November 28, 2015, 08:44:36 AM
Last I checked there was an option to backup your wallet so you still have the private key, in case BC gets crashed/locked etc. Feel free to prove me wrong though
Yup they provide you an option to backup your wallet.dat
But not all of us do this.And sometimes backing up increases the chances of getting your coins stolen.
If you leave it out in the open and transfer it everywhere, yes. Blockchain.info wallet.aes.json backups are encrypted by the user's password and would take an attacker sometime to bruteforce it. You can keep it out in the open and you won't get it stolen immediately with a strong password.

If you have a wallet on their server, then you might lose it.  The network would go on because all of the users with the right type of wallet downloaded would carry on the blockchain.  Imagine if every person on Facebook downloaded and served the website to more people.  If the facebook server dropped, the site would go on because there servers all over the world.
Running the network won't be a problem.We are concerned about our coins.Do they have the copies of encrypted wallet at every location(of all the user's)?
Yes. They don't have the user's unencrypted copies in the first place.

If you don't have backup for your wallet, then say goodbye for your bitcoin or sue blockchain.info in court and ask them to give back your bitcoin.

But, i'm sure they have encrypted backup for their users wallet.
Maybe they should advice their users to backup their wallet in case blockchain.info is down or gone Roll Eyes


Does block chain have any insurance policy?
Has anyone read there T&C? Huh
No. They do not have any obligations to refund customers or claim responsibility for any damage. Just for the record, its's on their TOS:
Quote
6. ASSUMPTION OF RISK
Company takes no responsibility for and will not be liable for any losses, damages or claims arising from
the use of our Services, including, but not limited to, any losses, damages or claims arising from (a) wallet
data being "Bruteforced", (b) server failure or data loss, (c) forgotten passwords, (d) corrupted wallet
files, (e) incorrectly constructed transactions or mistyped Bitcoin addresses; or (f) unauthorized access to
mobile applications, (g)"phishing," viruses, third-party attacks or any other unauthorized third-party
activities.

They do have a history of refunding users that were affected in their security incidents however.
27  Economy / Service Discussion / Re: Armory vs Trezor on: November 27, 2015, 01:24:21 PM
What amount of bitcoin do people think it's worth to buy trezor the keep their investment secure. It's tough to swallow that price if you only have 1 or 2 coins

From 10+ Bitcoins it make sence to buy trezor, especially if you use the coins (not just hold) because it is fast, easy and secure to send coins using trezor. For someone who just hold the coins, paper wallet generated securely is probably easiest way even for 10+ Bitcoins (and up to point before you want to spend your Bitcoins, paper wallet can be very secure if generated the right way)
Paper wallet is a good option but it is rather difficult to spend it. It can be very secure only if you spend it the right way too. Mycelium cold storage spending is a good choice but is nowhere perfect. Even though private keys are deleted after spending from cold storage, it can be hacked in the process of scanning too.

The ultimate best choice would be to buy a raspberry pi and install armory or electrum. It is much safer this way and no compromises are made if you sign it securely offline.

Trezor and ledger are definitely the way to go only if you're spending it frequently.
28  Economy / Economics / Re: Does the Price of Bitcoin Matter? on: November 27, 2015, 01:18:37 PM
Price of Bitcoin does matter a lot for now. Many merchants and sites uses fiat to base the amount of Bitcoin to pay and fiat is definitely the most accepted form of currency in the world right now. If the price drops, Bitcoiners would have to pay more and would be at the losing end. This would be the case till Bitcoin becomes widely adopted and people aren't using fiat as a reference.
29  Bitcoin / Bitcoin Technical Support / Re: Is there an "how to create a double spend"? on: November 27, 2015, 11:16:42 AM
To be honest, I would just try to stop the wallet from rebroadcasting and reset the blockchain on wallet afterwards and send it when the transaction drops out from mempool. It's much simpler.

Can you explain what you mean?
Broadcasting means that you are relaying the transaction throughout the network. Rebroadcasting means you're doing it again. Transaction usually drops out of mempool in a day or two and to get them in again for chance of miner picking them up, you have to rebroadcast the transaction.

If you do not rebroadcast, the transaction would eventually get forgotten by the network. You can then create a new transaction. Miners and nodes will then relay your transaction and include it into a block. That is unless someone else rebroadcast it again. Nodes can refuse to relay your transaction if any of the output has less than 2730 satoshi or has a very low fee. If that happens, wait for sometime and try to reset blockchain in your wallet. Some wallets rebroadcast it automatically. For Bitcoin Core, you can stop rebroadcasting and delete the transaction from wallet by using -zapwallettx as a flag when starting it up from CMD in windows or terminal in linux. Do still need to wait for network to forget about it though.
30  Bitcoin / Bitcoin Technical Support / Re: Is there an "how to create a double spend"? on: November 27, 2015, 10:52:13 AM
It now has confirmations. However, I'll just say out the criterias to make a double spend of an unconfirmed transaction. You must find a miner that has forgotten your transactions and relay it OR you need to find a miner which uses RBF (replace by fee) patch which takes the higher fee. You need to relay directly to it. If majority of the network has forgotten about it, you can create a new one to replace it. If you want to create a replacement transaction, go to https://coinb.in/#newTransaction and input your transaction. Go to inputs and select input, at output, place the outputs, one destination and one change if applicable. The remaining will be your change. After that, sign it by going to https://coinb.in/#sign, input unsigned TX, private key and copy the signed TX.
It's going to be a bit tricky after this:

If the majority of network has forgotten about it, go to coinb.in/#broadcast to broadcast your transaction if it doesn't succeed, try others like http://blockr.io/tx/push.

If the miner has forgotten about it or have RBF patch, make sure the new transaction has a higher fee and try to find a place to broadcast to them directly. Alternatively, install Bitcoin Core and add their node to your conf. Next you can relay the transaction to them by going to help, debug window, console and use this:
Code:
sendrawtransaction [Input signed raw TX]
.

To be honest, I would just try to stop the wallet from rebroadcasting and reset the blockchain on wallet afterwards and send it when the transaction drops out from mempool. It's much simpler.
31  Other / Beginners & Help / Re: Best bitcoin wallet on: November 27, 2015, 03:16:16 AM
I use xapo wallet.
I like to use this wallet because free for received and sent btc. No fee and You always received full amount

xapo is only good for storing small amount of bitcoins for your daily use but if you are storing large amount then you should switch to desktop wallet as it is more safe than using 3rd party wallets

i save 0.4 at my xapo wallet and im never get any bugs Smiley
i think Xapo is professional company , and he would keep the trust of the customer


No matter how trusted they are, it is centralised and they can say that you violated their TOS and freeze your coins. With desktop wallets, you have the control of your coins and there is no need to worry about it being down. Xapo only insure coins stored in their vaults which means that they won't be held liable for any losses on your normal xapo wallet. If someone manage to gain access to your Xapo account, they can steal all of it.

basically xapo wallet use 2fa defaulted and the 2fa only can acces from your android device or you can use sms verification with your number phone
i think it's a strong system, im use xapo more than 1year and i never get any issue and my account was never frozen
Previous experience doesn't mean that your future experience would be the same. Coinbase had a 2FA vulnerability before which affected those who had 2FA. If they one day gets hacked, server side, not client side, they will not reinburse you or at most up to $100 with their vault. For vault, you have to wait for 48 hours to receive your coins. SPV Clients like Electrum does not have a central authority and is independent. Can you sign a message with Xapo?
32  Bitcoin / Bitcoin Discussion / Re: Storing money on Smartphone is far more secure than desktop or laptop on: November 27, 2015, 03:01:08 AM
Being on you smartphone is more hazardous because of the use of unsecured wifi connections when you are out and about.
you can still use a vpn service to make it secure or you can make your own proxy server just to make sure
the main thing that make android is unsecure when your friend just opened your phone and suddenly uninstall your wallet lol, it'll give pain in my ass
For browsing unsecured websites, without ssl, you would need one. If not, Bitcoin transactions are fine, private keys aren't sent over wifi.

I'm pretty sure most wallets have HD features already, you only need to backup your seeds and you don't need to worry. I'm pretty sure you don't give out your phone randomly to your friends or them uninstalling anything.
33  Bitcoin / Bitcoin Discussion / Re: paypal or bitcoin? on: November 27, 2015, 02:57:57 AM
Absolutely i will choose bitcoin for shopping.

No need to verification for register, fees is very small, and transaction is very fast.

Paypal can do this.

You mean paypal can't do that right?
the only things that make bitcoin better than paypal are we dont need to upload our identity and of course low cost even with the high amount of transaction
I have never needed to upload my proof of identification and just needed to link my bank account. Even though you don't have to do it when creating Bitcoin addresses, most exchanges require users to submit identification for KYC and AML purposes. Most user probably needs that to start using Bitcoin. There's an exception for over the counter trades but it isn't fast and reliable.
34  Other / Beginners & Help / Re: Best bitcoin wallet on: November 27, 2015, 02:55:23 AM
I use xapo wallet.
I like to use this wallet because free for received and sent btc. No fee and You always received full amount

xapo is only good for storing small amount of bitcoins for your daily use but if you are storing large amount then you should switch to desktop wallet as it is more safe than using 3rd party wallets

i save 0.4 at my xapo wallet and im never get any bugs Smiley
i think Xapo is professional company , and he would keep the trust of the customer


No matter how trusted they are, it is centralised and they can say that you violated their TOS and freeze your coins. With desktop wallets, you have the control of your coins and there is no need to worry about it being down. Xapo only insure coins stored in their vaults which means that they won't be held liable for any losses on your normal xapo wallet. If someone manage to gain access to your Xapo account, they can steal all of it.
35  Bitcoin / Bitcoin Discussion / Re: paypal or bitcoin? on: November 26, 2015, 12:20:37 PM
Paypal is accepted by more sites but bitcoin is safer and easier because no chargebacks or freezing of accounts like paypal.
Bitcoin is safer for the merchant, chargeback is not possible or at least easily achieved and the fees are next to none. For users, if we ignore the freezing of accounts, goods are usually mostly covered under their buyer protection program. The site has to be reputable before I would consider using Bitcoin with them.
36  Economy / Exchanges / Re: BTCC Ceo Bobby Lee lied officially. on: November 26, 2015, 11:10:35 AM
If I understand correctly, your second transaction is from Blockchain.info, going to BTCC. As you said, the network propagation is very low, hence the mining pool might not have even seen your transaction. They may very well be prioritizing their customer's transaction but there is nothing they can do if majority of the nodes do not want to relay it and it won't reach their pool. Most nodes are refusing to relay your transaction as it can't be considered as a free transaction and has a fee below the network relay fee. What they can do is to offer a page for users to directly broadcast raw transactions to the pool.
-snip-
the question is not about delays of relaying it to the mining pool's mempool.. its about how often the mining pool wins the blocksolving game before other pools in the world do.

which based on 13% hash power is only about one block an hour

i just grabbed the last 30 blocks from 385395 back to 385365

out of 30 blocks (5 hours) it should average 5 blocks solved..
. i count 4
block 385394
block 385388
block 385386
block 385377

so lets just realise that its not like BTCC will confirm your tx every 10 minutes guaranteed..
Might be wrong on that but it is certainly weird no matter how you see it.

BTCC even though controls only a small portion of the hashrate, they have mined many blocks after OP broadcasted his transaction. Many of the blocks are not even half full, some even at 0.1MB which means that they can still mine OP transaction without difficulty and confirm it. Unless the service has not yet launched or the mining pool hasn't seen it, there is no reason that it is still unconfirmed.
37  Economy / Exchanges / Re: BTCC Ceo Bobby Lee lied officially. on: November 26, 2015, 07:05:38 AM
If I understand correctly, your second transaction is from Blockchain.info, going to BTCC. As you said, the network propagation is very low, hence the mining pool might not have even seen your transaction. They may very well be prioritizing their customer's transaction but there is nothing they can do if majority of the nodes do not want to relay it and it won't reach their pool. Most nodes are refusing to relay your transaction as it can't be considered as a free transaction and has a fee below the network relay fee. What they can do is to offer a page for users to directly broadcast raw transactions to the pool.
38  Economy / Service Discussion / Re: Armory vs Trezor on: November 26, 2015, 05:02:22 AM
A hardware wallet is considered much more safer than a software wallet, so i would not move from Trezor to Armory, you are good staying at Trezor, but if you want to experiment with wallets then why not.
Yes if you want to avoid the hassle of moving the unsigned transaction back and forth but I wouldn't mind it. You can easily install Armory on a offline raspberry pi and a online computer. Create a unsigned transaction on the online computer and sign it using the offline raspberry pi and transfer it back to broadcast. There is no security risks unless a virus is designed to go into the USB and to the offline raspberry pi and back to the online computer. I highly doubt it would happen since linux itself is quite secure.

Most importantly, it cost only ~50USD compared to 100+USD for trezor.
39  Bitcoin / Bitcoin Discussion / Re: What will happen with bitcoin mixers, etc. if bitcoin becomes truly anonymous? on: November 26, 2015, 04:54:39 AM
The miners will know the IP used to propagate the transaction.

And exchanges and other online services will associate your coins with your identity.

Bitcoin will never be anonymous, so Bitmixers always will be needed
If you perform a sybil attack and the user uses a SPV client, there's a good chance that you can determine which it originated from. It isn't fully accurate however, anyone can broadcast the transaction from anywhere. The transaction does not state which IP it proporgated from.
Mixers can also keep logs of the IP info and coin origin, you would not be anonymous in anyway.

40  Other / Meta / Re: How many posts are needed for the different member ranks on: November 25, 2015, 11:10:11 AM
Actually, I've decided that I'm right when I say it depends on where you post.
One user has 59 post and 59 activity, while another user has 24 activity but 78 posts.
I win.
It is more of a when. Potential activity is gained once per 2 weeks. Hence, User A has more potential activity than post and thus can post to make it appear as activity. User B has more post than potential activity hence he needs to wait till he has more potential activity for it to increase.
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