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Author Topic: IOTA  (Read 1473375 times)
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R-J-F
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August 29, 2017, 12:47:19 PM
 #10761

I have tried the android application available on the playstore. it is a joke in term of security.
Some users even complain about missing tokens with a balance equal to zero, quite the lottery.

I will not put anything more than 10 bucks on it until it is more secure.

The wallet works fine. Used it for some ping pong transaction between it and the desktop client. It now has a simple password logging system so the seed only has to be entered once.

It is always newbie accounts with less than 10 messages FUDding , a lot of jealousy around I guess. Byteballers are angry people.
First,  I did not mention that the application behave strangely for me but you can read the comments below the application section on playstore.
You cannot imagine that I forged them with multiple accounts right?

Second, from a security perspective, for example, there is just no password policy at all.
You can creat very weak password (like single space) to protect your wallet for example.
If you reply that is up to you to decide the complexity and lenght of password, then it is a dead discussion with a newbie that I will not follow.


That is just one amongst other discovered flaws after 10 minutes of playing with it with no tool.

Also I am working in IT security but hey see the reality... i have just less than 1k messages in your forum, so I am probably wrong right ?



If you are talking about the desktop, Windows wallet:

Addressing the password comment: Your seed is your password. You cannot access your funds without it nor can anyone else. I think 81 characters is quite adequate, even a little overkill, for a seed/password. IOTA may have issues but, security is not one of them. And you say you can use a single space password. Again, not correct, the wallet will complain if the password is less than the minimum required, 60 characters.

If you are talking about Android, sorry, don't use anything Android, just asking for trouble.

PS: I also work in IT security, the IOTA desktop wallet is not a risk as far as we know.

"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Ben Franklin
tasbin
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August 29, 2017, 01:32:58 PM
 #10762

I have tried the android application available on the playstore. it is a joke in term of security.
Some users even complain about missing tokens with a balance equal to zero, quite the lottery.

I will not put anything more than 10 bucks on it until it is more secure.

The wallet works fine. Used it for some ping pong transaction between it and the desktop client. It now has a simple password logging system so the seed only has to be entered once.

It is always newbie accounts with less than 10 messages FUDding , a lot of jealousy around I guess. Byteballers are angry people.
First,  I did not mention that the application behave strangely for me but you can read the comments below the application section on playstore.
You cannot imagine that I forged them with multiple accounts right?

Second, from a security perspective, for example, there is just no password policy at all.
You can creat very weak password (like single space) to protect your wallet for example.
If you reply that is up to you to decide the complexity and lenght of password, then it is a dead discussion with a newbie that I will not follow.


That is just one amongst other discovered flaws after 10 minutes of playing with it with no tool.

Also I am working in IT security but hey see the reality... i have just less than 1k messages in your forum, so I am probably wrong right ?



If you are talking about the desktop, Windows wallet:

Addressing the password comment: Your seed is your password. You cannot access your funds without it nor can anyone else. I think 81 characters is quite adequate, even a little overkill, for a seed/password. IOTA may have issues but, security is not one of them. And you say you can use a single space password. Again, not correct, the wallet will complain if the password is less than the minimum required, 60 characters.

If you are talking about Android, sorry, don't use anything Android, just asking for trouble.

PS: I also work in IT security, the IOTA desktop wallet is not a risk as far as we know.

My comments was clearly related to the Android application.(i mentionned Android) See my 1st message.
vipgelsi
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August 29, 2017, 02:55:19 PM
 #10763

Anyone know when Solarcoin will be fully integrating Iota for energy monitoring?
djamey10
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August 29, 2017, 07:25:12 PM
 #10764

I want to ask that, Can Tangle technology transaction need to conform 30 days? My one transaction is pending from 30 days. What is the main problem? Can anyone clarify?
BitcoinArsenal
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August 29, 2017, 07:48:47 PM
 #10765

Is there a reason or any news which has caused the price drop of around 20% since four days?

It is hard to get valid and honest information about IOTA. The thread is not providing much information. I have heard about the Slack channel where most communication is done. Any news from there?
SwedishGirl
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August 29, 2017, 09:02:46 PM
 #10766

Wow I never thought I would see iota at 16k again. Finally decided to open a Bitfinex account and buy some. Hopefully the price will not rise before my btc reaches finex.
kchulani
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August 29, 2017, 09:49:35 PM
 #10767

It's such a great crypto to be a part of. People might not see it yet. But IOTA will explode ounce its tech starts to become more mainstream and prominent. IOTA really compliments the blockchain well.


-Ethereal

Jacky_Chan
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August 30, 2017, 12:11:08 AM
Last edit: August 30, 2017, 12:22:31 PM by Jacky_Chan
 #10768

I want to ask that, Can Tangle technology transaction need to conform 30 days? My one transaction is pending from 30 days. What is the main problem? Can anyone clarify?

It requires some skills and a little bit of patience to use IOTA wallet at this moment. But the learning curve is very short. Basically if your transaction is not confirmed in 30 minutes, you should change the server IP address and do the reattach (clicking the show bundle in the History and clicking the reattach). 99.9% of transactions can be confirmed in 3 to 10 minutes after 1 or 2 reattach (if needed) if you do it right.

Most of the pending issue is caused by the server which you connect your light wallet to. A server is not always synced or it can be too busy because many people try to use it in the same time. you need to constantly check if your wallet is synced or not.
seyola89
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August 30, 2017, 07:34:16 AM
 #10769

IOTA looks like a solid long term investment. But why is the circulating and total supply so much (billions !!!) and why are they trading only in these unfriendly exchanges ?? why not the popular exchanges ??
well you may say bitfinex but I don't like bitfinex at all !!!
luicon
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August 30, 2017, 09:13:47 AM
 #10770

IOTA looks like a solid long term investment. But why is the circulating and total supply so much (billions !!!) and why are they trading only in these unfriendly exchanges ?? why not the popular exchanges ??
well you may say bitfinex but I don't like bitfinex at all !!!

i do like bitfinex, visually looks more advanced than kraken or others,
also, whats the problem? if you dont like it, just buy and remove the coins to your wallet, not big deal, not even ID required to trade,

bitfinex is helping other exchangers to integrate iota, looks like its difficult since there is no blockchain like all the other coins.

the supply is almost the same as the amount of satoshis of bitcoin, just a 27 vs 21 ratio,

2,100,000.000,000,000 satohis
2,779,530,283,277,761 iotas

SwedishGirl
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August 30, 2017, 10:57:16 AM
 #10771

My timing yesterday was so lucky, I managed to grab some around 17k. Very happy. Price is bouncing already but overall we seam to be on a downtrend still. Anyway I am looking forward to 2018 already.
luicon
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August 30, 2017, 12:40:21 PM
 #10772

I want to ask that, Can Tangle technology transaction need to conform 30 days? My one transaction is pending from 30 days. What is the main problem? Can anyone clarify?

try reatach
AlteregoX
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August 30, 2017, 03:30:33 PM
 #10773

Guys, what if somebody generates the same seed as i did and uses that to login into my wallet?

If i was able to generate that seed it is possible that somebody in the future generates the same one
lordoliver
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August 30, 2017, 03:41:11 PM
 #10774

Guys, what if somebody generates the same seed as i did and uses that to login into my wallet?

If i was able to generate that seed it is possible that somebody in the future generates the same one

Thats why you should generate a very complicated seed...
This is a fundamental thing in whole crypto space. You have problems with any coin (also bitcoin), if you don't create a safe private key.
But if you generate a random one (for example with the algorithm of the wallet) you are fine. Just make sure, that you don't use the random function of powershell of the lately announcment.

If this still seems unsafe for you, because you are new to this whole private key thoughts, I recommend this:
https://www.weusecoins.com/amazing-math-bitcoin-private-keys/
AlteregoX
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August 30, 2017, 06:15:47 PM
 #10775

Guys, what if somebody generates the same seed as i did and uses that to login into my wallet?

If i was able to generate that seed it is possible that somebody in the future generates the same one

Thats why you should generate a very complicated seed...
This is a fundamental thing in whole crypto space. You have problems with any coin (also bitcoin), if you don't create a safe private key.
But if you generate a random one (for example with the algorithm of the wallet) you are fine. Just make sure, that you don't use the random function of powershell of the lately announcment.

If this still seems unsafe for you, because you are new to this whole private key thoughts, I recommend this:
https://www.weusecoins.com/amazing-math-bitcoin-private-keys/

I've already generated a 81 digits key

Can i make it stronger?
lordoliver
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August 30, 2017, 06:24:01 PM
 #10776

Guys, what if somebody generates the same seed as i did and uses that to login into my wallet?

If i was able to generate that seed it is possible that somebody in the future generates the same one

Thats why you should generate a very complicated seed...
This is a fundamental thing in whole crypto space. You have problems with any coin (also bitcoin), if you don't create a safe private key.
But if you generate a random one (for example with the algorithm of the wallet) you are fine. Just make sure, that you don't use the random function of powershell of the lately announcment.

If this still seems unsafe for you, because you are new to this whole private key thoughts, I recommend this:
https://www.weusecoins.com/amazing-math-bitcoin-private-keys/

I've already generated a 81 digits key

Can i make it stronger?

hopefully not, you need letters, as all digits besides 9 are ignored...
if you ment characters and generated with the wallet there is no need to make it stronger
Kashim
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August 30, 2017, 08:18:51 PM
 #10777

when everything goes well is 1x MIOTA at 10usd by the end of the year
kchulani
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August 31, 2017, 04:50:28 AM
 #10778

That seems about right, it does have the potential for a run for 2... but I guess that depends on how far the developments come along. Which seem to be making ample progress.


collac
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August 31, 2017, 06:58:51 AM
 #10779

is there a paper wallet for IOTA ?

"You just keep pushing.You just just keep pushing. I made every mistake that could be made. But I just kept pushing" R. Descartes
carajillu
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August 31, 2017, 07:54:45 AM
 #10780

is there a paper wallet for IOTA ?

Well, you can write your seed in a piece of paper and keep it safe.
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