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Your Username: Nathan047
Position to Apply: Full Member
Your Current Post Count: 299 +1
Your BTC Address: 1NatejAr4eduuNcegaoy1onupGL9rNzYXv
I was a previous member of this campaign before there were insufficient funds; I'm re-applying now. Please notify me if I'm re-accepted or not.
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I just realized how vague my post was, so I have edited it to reflect my question better. Basically it is a LiteCoin wallet and I am looking to either decrypt the private key (Electrum LTC doesn’t support BIP38), or find wallet software that is compatible with BIP38 encryption.
Since you used walletgenerator.net to create the private key, you can also use it to decrypt the private key. In the wallet details tab, if you enter a BIP38 encrypted key in the "Private key" box, another box will appear for your password so you can get the decrypted private key to import into your wallet. Alright, that was what I was looking for. I will give it a try in just a moment. Update: Just tried it, it works fine. Thanks! |
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You will need a wallet that supports importing BIP38 encrypted private keys. When you import, you will be prompted for your password by the wallet software so that it can decrypt the key.
I just realized how vague my post was, so I have edited it to reflect my question better. Basically it is a LiteCoin wallet and I am looking to either decrypt the private key (Electrum LTC doesn’t support BIP38), or find wallet software that is compatible with BIP38 encryption. |
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I sure hope so. As I stated I was going to do, I just bought a fair amount of XMR. Whether this will be a short day trade or a long time hold I'm not sure, but I do feel somewhat certain that XMR will be getting a decent pump sometime (even if it takes a while).
-if you keep it the short day trade, you'll have less profit in less time. -if you keep it the long day trade, you'll have more profit in more time. That's how I see the current scenario of Monero. Yup, which is why I’m waiting to see exactly what happens. If we hit 40$-50$ then I’ll be jumping on the opportunity to make a quick buck, otherwise I’ll probably hold onto it and try to make some cash in the long run. |
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All this "stability" lately and slow-bleed really does kinda sorta feel like it ought to be a set up for a nice punchy fast spike rally, maybe quick POP to $50...? Soon TM...? ? ? ? ? ? ?  I sure hope so. As I stated I was going to do, I just bought a fair amount of XMR. Whether this will be a short day trade or a long time hold I'm not sure, but I do feel somewhat certain that XMR will be getting a decent pump sometime (even if it takes a while). |
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I generated a BIP38 encrypted paper wallet with an offline copy of WalletGenerator.Net. I have the password and encrypted private key, is there a way to decrypt it so I can import it into electrum, and if not what wallet software would support BIP38?
*Edit: I should clarify that this is a Litecoin wallet. I've used BIP38 on bitcoin wallets before, but I'm unable to find wallet software that is compatible with BIP38 for LTC.
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A lot of governments accept Bitcoin already as it is. However, I’m sure a lot of them would enjoy adding a backdoor, as that would probably help the more totalitarian governments accept it.
The government just kept quiet at this time. They have not taken action to make bitcoin better. Government should provide support for bitcoin development. Today japan and russia became one of the countries that have appreciated the use of bitcoin in the country. The whole Russia part was kind of surprising to me. Wasn’t it like a year ago when they threatened to imprison anybody who used Bitcoin? |
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all crypto coins at this time speculation and dumping .
Actually, I feel like Monero is (partially) an exception to that rule. I think there are a lot of people who use Monero because of it’s anonymity features and not as a run-of-the-mill speculation. --- Seeing at the past history of Monero, that stability is the sign of an upcoming pump.  Hmm… I guess I never made that connection. Thanks for the Tip, I will have to purchase a bit of Monero soon. *edit: grammar error |
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But the serious reason I have a fear of joining the train is because I fear that as soon segwit is activated, there might be a small pump, but ultimately Litecoin is not so different from Bitcoin and the main goal of the community is get segwit on Bitcoin, so that will make Litecoin unfortunately obsolete again.
I understand what you’re saying, but I feel like the logic of “Litecoin is doomed because it’s a Bitcoin knock-off” is somewhat flawed since all altcoins are more or less knock-offs of Bitcoin. I know that some altcoins offer little perks or tweaks, but overall they are generally Bitcoin alternatives. |
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No, I don't trust them. Every company is susceptible to be hacked, and Poloniex exchange is no exception. I trust my cold storage better than their servers constantly attacked/ddsoed by hackers.
One thing is certain, if they get compromised, they won't refund your coins. It has happened to other bigger exchanges and it can happen again. I would not use any exchange as a secure wallet.
I would like to point out that when I (and probably most people) say that I trust Poloniex I mean I don't think they are a scam, not that they are invulnerable or should be used as a web wallet. |
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More 1346 blocks signaling SegWit and it gets "locked_in" status in this activation period, we can get can SegWit activated in the next 18 days or so.
Hodl your hands!
I sure hope so. If SegWit is activated than I am sure we will all have a few extra bucks worth of LiteCoin. It does really look like we’ll get SegWit, but then again those whales are tricky. |
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A lot of governments accept Bitcoin already as it is. However, I’m sure a lot of them would enjoy adding a backdoor, as that would probably help the more totalitarian governments accept it.
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Seriously I don't get it why Monero seems to get so much negging by the media and etc, compared to how much other coins much closer to clear scams (*cough* Dash *cough* ZCash *cough*) are given a clear benefit of the doubt (totally undeserved)...
A big part of it is that many of the media companies have an ownership stake in those coins. For example, Coindesk has a disclaimer saying that they have an ownership stake in Zcash, which goes a long way in explaining why they post so many favorable articles about Zcash and why they'll help to spread FUD about Monero.
Welcome to the world of Crypto-Currency politics. Luckily, regardless of the big companies and recent pumps in other altcoins, Monero seems to be able to hold it’s own and remain popular in it’s user base. That’s all that really matters when it comes to a crypto currency, right? |
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If this mess gets sorted out and we get a little less manipulation then I think we could very easily see 25$ to 50$. I’m glad I stocked up at around 4$ and then again at about 8$.
Train or crash warning? There's still tickets available but you better get them fast. Well, yes; there’s plenty of tickets. The question is just will those tickets get you far or will the train crash? The only way to know is to wait it out and either be glad about your decision or kick yourself about what you did/didn’t do. |
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Now we need to wait for Jihan to accept SegWit for BTC.  Yep, until LiteCoin gets pumped up and he suddenly sells all his coins and changes his mind about segwit followed by a sudden drop in price. I think that there will be plenty of manipulation between now and when the segwit situation is sorted out  . |
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Offline wallets if possible. Store your stuff on a USB flash drive or external HDD which never leaves your house. Always keep backups too.
Don't use USB, it's not safe. Wait, how is USB less secure than a hard drive? Perhaps I'm being dumb, but unless somebody physically steals your thumb drive it is just as secure (and don't forget they can physically steal your PC or paper wallet too). |
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I was wondering what your suggestion to holding multiple cryptos is?
Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download seperate wallets for my computer, synchronize everything and.... well, yeah.
What's your strategy on this?
My strategy is to download an offline copy of walletgenerator.net and create paper wallets for each currency (use a safe environment to make it a cold wallet if you’re going to hold a lot in the wallet). This way there’s no wallet software needed until you need to spend. |
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If this mess gets sorted out and we get a little less manipulation then I think we could very easily see 25$ to 50$. I’m glad I stocked up at around 4$ and then again at about 8$.
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They are still really close right now. I definitely dont see any real competition thought between monero and ethereum classic. Both of them are definitely fighting against fiat, btc, and eth.
Quite honestly, I don’t see Monero fighting much against any currency. Monero seems to stick mainly to the Darknets and those who in need of anonymity (and then of course speculation too). Everyone needs anonymity. Most just haven't realized it yet. When they finally figure it out, look out ... And I don’t disagree, I value anonymity too (that’s why I like Monero, even though I’ve never been to a dark net). I guess I was just saying that Monero has it’s own little niche and doesn’t fight tooth and nail like most altcoins. |
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Thanks everyone, it’s an interesting concept but I didn’t realize it was so risky. Thanks for the input, guess I won’t be using them.
Also, to clarify, I was looking to loan out BTC, not get a loan.
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