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addy boy
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September 08, 2015, 03:47:03 AM |
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Bitcoin payments are not that much complexity bro.suppose you send some coins to your friend then it will be recorded in a ledger which will be brodcasted to public in blockchain.info and bitcoin miners will conferm it and as soon as it gets conformed your friend can use those coins
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AceBitcoin (OP)
Newbie
 Offline
Activity: 18
Merit: 0
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September 08, 2015, 11:48:34 AM |
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Regarding Coinbase,well I am glad to learn that they are finally accepting my country Singapore. However I also hear that they don't allow you to store your own private keys.So essentially they have total control over your Bitcoin? And their privacy policies, like their KYC rules demand all kinds of verification documents to qualify as a Level 2 buyer/seller of Bitcoin on their exchange.Any truth to these? Thanks!  |
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AceBitcoin (OP)
Newbie
Offline
Activity: 18
Merit: 0
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September 08, 2015, 12:10:00 PM |
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yes I am using the blockchain.info on my computer but I have been told to try the wallet at https://greenaddress.it/ which many have said have safer privacy and security mandates. Blockchain.info in theory should be quite secure. They offer pretty good security features, allowing you and only you to be able to access the private key thus no one else can spend it. However, they have incredibly bad reliability due to their recent downtimes and several security vulnerabilities which could have been avoided. Greenaddress.it is quite a good choice but the android app is slightly buggy for me. I would recommend either Multibit or electrum for the best ease of use as you can easily forget your mnemorics on greenaddress.it. Thanks ranochigo.I am quite apprehensive on hearing about their security vulnerabilities. Hopefully such vulnerabilities have since been patched and fixed.Do you recommend Multibit as a viable hot wallet? |
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ranochigo
Legendary
Offline
Activity: 2954
Merit: 4163
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September 08, 2015, 01:32:34 PM |
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yes I am using the blockchain.info on my computer but I have been told to try the wallet at https://greenaddress.it/ which many have said have safer privacy and security mandates. Blockchain.info in theory should be quite secure. They offer pretty good security features, allowing you and only you to be able to access the private key thus no one else can spend it. However, they have incredibly bad reliability due to their recent downtimes and several security vulnerabilities which could have been avoided. Greenaddress.it is quite a good choice but the android app is slightly buggy for me. I would recommend either Multibit or electrum for the best ease of use as you can easily forget your mnemorics on greenaddress.it. Thanks ranochigo.I am quite apprehensive on hearing about their security vulnerabilities. Hopefully such vulnerabilities have since been patched and fixed.Do you recommend Multibit as a viable hot wallet? Those vulnerabilities has indeed been fixed. I still wouldn't trust them considering that both could have been prevented by pentesting the script before updating the website and the another vulnerability actually existed for quite a long time. Multibit is quite a user friendly hotwallet, its quite simple while offering all the basic features. |
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Blazr
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September 08, 2015, 01:35:27 PM |
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yes I am using the blockchain.info on my computer but I have been told to try the wallet at https://greenaddress.it/ which many have said have safer privacy and security mandates. Blockchain.info in theory should be quite secure. They offer pretty good security features, allowing you and only you to be able to access the private key thus no one else can spend it. However, they have incredibly bad reliability due to their recent downtimes and several security vulnerabilities which could have been avoided. Greenaddress.it is quite a good choice but the android app is slightly buggy for me. I would recommend either Multibit or electrum for the best ease of use as you can easily forget your mnemorics on greenaddress.it. Thanks ranochigo.I am quite apprehensive on hearing about their security vulnerabilities. Hopefully such vulnerabilities have since been patched and fixed.Do you recommend Multibit as a viable hot wallet? I used to use multibit a lot but I don't like anymore. It has had some concerning issues in the past that caused people to lose money and the developers didn't seem so interested in getting to the bottom of it, it really damaged my trust in them. It's free wallet software written mostly by volunteers, they don't have the resources to properly deal with serious issues like that. I would highly recommend electrum however, it's an absolutely great piece of software which I've had very few issues with ever. It's a very quick, lightweight, simple and secure bitcoin wallet which can be used for almost any situation. The developers have a clear vision for what they want to make and have simplified things that used to be very difficult for new users to do. |
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Herbert2020
Legendary
Offline
Activity: 1946
Merit: 1137
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September 08, 2015, 02:16:58 PM |
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yes I am using the blockchain.info on my computer but I have been told to try the wallet at https://greenaddress.it/ which many have said have safer privacy and security mandates. Blockchain.info in theory should be quite secure. They offer pretty good security features, allowing you and only you to be able to access the private key thus no one else can spend it. However, they have incredibly bad reliability due to their recent downtimes and several security vulnerabilities which could have been avoided. Greenaddress.it is quite a good choice but the android app is slightly buggy for me. I would recommend either Multibit or electrum for the best ease of use as you can easily forget your mnemorics on greenaddress.it. Thanks ranochigo.I am quite apprehensive on hearing about their security vulnerabilities. Hopefully such vulnerabilities have since been patched and fixed.Do you recommend Multibit as a viable hot wallet? I used to use multibit a lot but I don't like anymore. It has had some concerning issues in the past that caused people to lose money and the developers didn't seem so interested in getting to the bottom of it, it really damaged my trust in them. It's free wallet software written mostly by volunteers, they don't have the resources to properly deal with serious issues like that. I would highly recommend electrum however, it's an absolutely great piece of software which I've had very few issues with ever. It's a very quick, lightweight, simple and secure bitcoin wallet which can be used for almost any situation. The developers have a clear vision for what they want to make and have simplified things that used to be very difficult for new users to do. i confirm that, i have been using Electrum for over a year now. never had any problem with it. there is always servers that you can connect to and it is fast and secure. on top of that the developers are active on the project and you can find ThomasV (not sure about the spelling) on the Electrum section of forum helping and checking out users problems. |
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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ranlo
Legendary
Offline
Activity: 1974
Merit: 1007
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September 09, 2015, 03:37:29 AM |
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yes I am using the blockchain.info on my computer but I have been told to try the wallet at https://greenaddress.it/ which many have said have safer privacy and security mandates. Blockchain.info in theory should be quite secure. They offer pretty good security features, allowing you and only you to be able to access the private key thus no one else can spend it. However, they have incredibly bad reliability due to their recent downtimes and several security vulnerabilities which could have been avoided. Greenaddress.it is quite a good choice but the android app is slightly buggy for me. I would recommend either Multibit or electrum for the best ease of use as you can easily forget your mnemorics on greenaddress.it. Thanks ranochigo.I am quite apprehensive on hearing about their security vulnerabilities. Hopefully such vulnerabilities have since been patched and fixed.Do you recommend Multibit as a viable hot wallet? I used to use multibit a lot but I don't like anymore. It has had some concerning issues in the past that caused people to lose money and the developers didn't seem so interested in getting to the bottom of it, it really damaged my trust in them. It's free wallet software written mostly by volunteers, they don't have the resources to properly deal with serious issues like that. I would highly recommend electrum however, it's an absolutely great piece of software which I've had very few issues with ever. It's a very quick, lightweight, simple and secure bitcoin wallet which can be used for almost any situation. The developers have a clear vision for what they want to make and have simplified things that used to be very difficult for new users to do. i confirm that, i have been using Electrum for over a year now. never had any problem with it. there is always servers that you can connect to and it is fast and secure. on top of that the developers are active on the project and you can find ThomasV (not sure about the spelling) on the Electrum section of forum helping and checking out users problems. It's also worth noting that you can recover wallets of you remember the passphrase, which is awesome. |
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luciann
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September 09, 2015, 04:12:54 AM |
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yes I am using the blockchain.info on my computer but I have been told to try the wallet at https://greenaddress.it/ which many have said have safer privacy and security mandates. Blockchain.info in theory should be quite secure. They offer pretty good security features, allowing you and only you to be able to access the private key thus no one else can spend it. However, they have incredibly bad reliability due to their recent downtimes and several security vulnerabilities which could have been avoided. Greenaddress.it is quite a good choice but the android app is slightly buggy for me. I would recommend either Multibit or electrum for the best ease of use as you can easily forget your mnemorics on greenaddress.it. Thanks ranochigo.I am quite apprehensive on hearing about their security vulnerabilities. Hopefully such vulnerabilities have since been patched and fixed.Do you recommend Multibit as a viable hot wallet? I used to use multibit a lot but I don't like anymore. It has had some concerning issues in the past that caused people to lose money and the developers didn't seem so interested in getting to the bottom of it, it really damaged my trust in them. It's free wallet software written mostly by volunteers, they don't have the resources to properly deal with serious issues like that. I would highly recommend electrum however, it's an absolutely great piece of software which I've had very few issues with ever. It's a very quick, lightweight, simple and secure bitcoin wallet which can be used for almost any situation. The developers have a clear vision for what they want to make and have simplified things that used to be very difficult for new users to do. so long story short, just go with the reputable desktop wallets like the bitcoinqt lol. also while were on the topic of wallets, I sugges to avoid blockchain as well since they have past history with losing btc. |
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ranlo
Legendary
Offline
Activity: 1974
Merit: 1007
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September 09, 2015, 04:48:00 AM |
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yes I am using the blockchain.info on my computer but I have been told to try the wallet at https://greenaddress.it/ which many have said have safer privacy and security mandates. Blockchain.info in theory should be quite secure. They offer pretty good security features, allowing you and only you to be able to access the private key thus no one else can spend it. However, they have incredibly bad reliability due to their recent downtimes and several security vulnerabilities which could have been avoided. Greenaddress.it is quite a good choice but the android app is slightly buggy for me. I would recommend either Multibit or electrum for the best ease of use as you can easily forget your mnemorics on greenaddress.it. Thanks ranochigo.I am quite apprehensive on hearing about their security vulnerabilities. Hopefully such vulnerabilities have since been patched and fixed.Do you recommend Multibit as a viable hot wallet? I used to use multibit a lot but I don't like anymore. It has had some concerning issues in the past that caused people to lose money and the developers didn't seem so interested in getting to the bottom of it, it really damaged my trust in them. It's free wallet software written mostly by volunteers, they don't have the resources to properly deal with serious issues like that. I would highly recommend electrum however, it's an absolutely great piece of software which I've had very few issues with ever. It's a very quick, lightweight, simple and secure bitcoin wallet which can be used for almost any situation. The developers have a clear vision for what they want to make and have simplified things that used to be very difficult for new users to do. so long story short, just go with the reputable desktop wallets like the bitcoinqt lol. also while were on the topic of wallets, I sugges to avoid blockchain as well since they have past history with losing btc. I haven't heard of them losing BTC, just being offline due to things like DDoS. And BitcoinQT is definitely the most reputable wallet. |
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