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BitcoinArsenal
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August 12, 2017, 10:50:04 PM |
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I've got a question before doing the transition of my balance. I just installed the new version (2.4) on my machine and I am going to following this tutorial https://blog.iota.org/new-gui-transition-phase-explained-b536ed80f412Is it a problem to use the old seed as the new seed? My old seed already meets the requirements of 81 characters with only capital letters and number 9. I am asking because I stored the old seed on several secure places and if I choose a new one I need to update each place with the new seed. Thanks in advance for your help! |
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John_Paul
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August 12, 2017, 11:14:05 PM |
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I've got a question before doing the transition of my balance. I just installed the new version (2.4) on my machine and I am going to following this tutorial https://blog.iota.org/new-gui-transition-phase-explained-b536ed80f412Is it a problem to use the old seed as the new seed? My old seed already meets the requirements of 81 characters with only capital letters and number 9. I am asking because I stored the old seed on several secureplaces and if I choose a new one I need to update each place with the new seed. Thanks in advance for your help! Yes, it is required to use a new seed. You must use a new seed. |
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ngin-x
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August 13, 2017, 03:48:18 AM |
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I read the entire article but still can't figure out why he is mad at IOTA. |
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djamey10
Newbie
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Activity: 34
Merit: 0
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August 13, 2017, 06:00:18 AM |
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I think IOTA sucks......................I login into my IOTA wallet after 9-10 days and there is zero IOTA in my Wallet. What the hell happened I don't know.
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HmmMAA
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August 13, 2017, 06:09:22 AM |
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How long it takes to see my balance after transition process ? Do i have to create new adresses like last time after the upgrade ?
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"It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong." Thomas Sowell |
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quasimodo
Legendary
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Activity: 2692
Merit: 1175
Reflinks und User die solche posten sind Scheisse
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August 13, 2017, 06:19:48 AM |
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How long it takes to see my balance after transition process ? Do i have to create new adresses like last time after the upgrade ?
When you read the instructions, you know everything. |
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HmmMAA
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August 13, 2017, 06:33:40 AM |
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How long it takes to see my balance after transition process ? Do i have to create new adresses like last time after the upgrade ?
When you read the instructions, you know everything. I have read the instructions , from the blog post " Once you’ve done that, you will be preparing and making the transaction which involves doing the Proof of Work. After that is completed, you can now login with your new seed and your balance will most likely be confirmed within a few minutes." I've done the process almost half hour ago and still see zero balance , is it normal ? |
"It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong." Thomas Sowell |
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achimsmile
Legendary
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Activity: 1225
Merit: 1000
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August 13, 2017, 07:28:45 AM |
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IOTA sucks...
I'll to tell you how ro recover your iotas, once you change your attitude. |
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achimsmile
Legendary
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Activity: 1225
Merit: 1000
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August 13, 2017, 07:30:47 AM |
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How long it takes to see my balance after transition process ? Do i have to create new adresses like last time after the upgrade ?
When you read the instructions, you know everything. I have read the instructions , from the blog post " Once you’ve done that, you will be preparing and making the transaction which involves doing the Proof of Work. After that is completed, you can now login with your new seed and your balance will most likely be confirmed within a few minutes." I've done the process almost half hour ago and still see zero balance , is it normal ? Go to "History" in the wallet. You should see your balance as "pending". Click "show bundle" -> "reattach". Wait for 30min and it should get confirmed (usually after 1-2min). If not, reattach agsin. |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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August 13, 2017, 07:32:09 AM |
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No it's one of the worst crypto articles I've ever read. |
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PoorLad
Member
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Activity: 70
Merit: 10
Coinhoarder
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August 13, 2017, 08:09:06 AM |
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I think we're entering a time when Crypto's will be regulated to death  ... It's almost impossible to cashout BTC without an IRS audit. Dont know how it works here you live, but if this will get in the same line as stocks(Maybe not a bad idea for now, but utterly retarded if it become a widely used currency to buy stuff and price stabilize), if you pay taxes on earnings, you are also eligable for less taxes(36% of the loss back) if you sell before new years. |
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djamey10
Newbie
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Activity: 34
Merit: 0
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August 13, 2017, 08:55:08 AM |
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ngin-x
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August 13, 2017, 09:24:15 AM |
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Well buy a computer. Who the hell does not have a computer in this day and age? You can get a used one for 200 bucks. |
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ngin-x
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August 13, 2017, 09:31:08 AM |
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I think we're entering a time when Crypto's will be regulated to death ... It's almost impossible to cashout BTC without an IRS audit. Dont know how it works here you live, but if this will get in the same line as stocks(Maybe not a bad idea for now, but utterly retarded if it become a widely used currency to buy stuff and price stabilize), if you pay taxes on earnings, you are also eligable for less taxes(36% of the loss back) if you sell before new years. I think we have to start using Localbitcoins more and more in future to do offline cashouts from BTC. Exchanges are being monitored by the tax man looking for people who do large bank transfers. It's not safe anymore. Better to find some guy on LBC, meet up some place and exchange BTC in return for cash. |
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klf
Legendary
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Activity: 1344
Merit: 1000
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August 13, 2017, 09:53:03 AM |
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I also didn't login into my wallet for more than two months and when I checked today balance was showing zero and bit worried about it. I followed the instruction given in this post and get back my balance within 10 minutes ( https://blog.iota.org/new-gui-transition-phase-explained-b536ed80f412 ). In the old version, it used to take a lot of time to recover our balance but in this new version, the complete process took less than 10 minutes for me. Thank you. |
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BitcoinArsenal
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August 13, 2017, 12:41:05 PM |
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What was the reason of the transition? Was there a security hole of the former seed generation or usage? I really wonder because I use several seeds to spread my stake. It is quite an effort to change all of them and store them savely. Nevertheless, thanks for your help! I've got a question before doing the transition of my balance. I just installed the new version (2.4) on my machine and I am going to following this tutorial https://blog.iota.org/new-gui-transition-phase-explained-b536ed80f412Is it a problem to use the old seed as the new seed? My old seed already meets the requirements of 81 characters with only capital letters and number 9. I am asking because I stored the old seed on several secureplaces and if I choose a new one I need to update each place with the new seed. Thanks in advance for your help! Yes, it is required to use a new seed. You must use a new seed. |
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GMK
Member
Offline
Activity: 61
Merit: 10
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August 13, 2017, 01:29:58 PM |
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Please Iota team if you read this message make a version with the option "allow LONG seed login" (and convert too)
removing 9 chars from a 90-chars seed doesn't solve the issue
thank you
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John_Paul
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August 13, 2017, 01:30:41 PM |
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What was the reason of the transition? Was there a security hole of the former seed generation or usage? I really wonder because I use several seeds to spread my stake. It is quite an effort to change all of them and store them savely. Nevertheless, thanks for your help! I've got a question before doing the transition of my balance. I just installed the new version (2.4) on my machine and I am going to following this tutorial https://blog.iota.org/new-gui-transition-phase-explained-b536ed80f412Is it a problem to use the old seed as the new seed? My old seed already meets the requirements of 81 characters with only capital letters and number 9. I am asking because I stored the old seed on several secureplaces and if I choose a new one I need to update each place with the new seed. Thanks in advance for your help! Yes, it is required to use a new seed. You must use a new seed. Read What is the Transition Phase in the link above. |
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