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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (1%)
7/28 - 11 (11.2%)
8/4 - 16 (16.3%)
8/11 - 7 (7.1%)
8/18 - 5 (5.1%)
8/25 - 7 (7.1%)
After August - 51 (52%)
Total Voters: 98

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26455481 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
mymenace
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January 11, 2018, 07:29:57 PM


I'm not the one asking, but I did'n understand any of that.

What is signing, what's an online box and what exactly does broadcast mean in this case?



offline box - An absolutely secure, known and trusted computing environment.  This computer NEVER touches a network.  USB sticks never go from a networked computer to this computer, only the other way around.  Most people use minimalist hardware, old socket AM2 boxes or even raspberry pi for this.  Live Linux sessions are the OS of choice...be sure to check that MD5 checksum kids.

online box - Your day to day posting on WO, reading news, email and porn box.  Assumed to be riddled with keyloggers and zero days, may even have a tiny NSA agent living inside.

signing - Verifies that the transaction in question has been authorized by your private key.  Obviously your private key is not included in a transaction.  Signing is the process whereby you demonstrate to the network that the transaction has been authorized and is in fact valid.  This is a basic function of dual key encryption.  If you don't get this you should sell your bitcoin and store your wealth in a system with a safety net.

broadcast - the process whereby the network becomes aware of the signed transaction.  The transaction data is disseminated to your peer nodes which rebroadcast it.  The aggregate unverified transactions on the network are known as the mempool.  This is the data from which each miner will select their 1MB of choice, choose a nonce and hash.


anyone who keeps more than 1 or 2 BTC on a phone...I just don't know what to say without being rude...you are playing with fire

Ok, so box is just geek for computer, and broadcast is just geek for send, and signing is still a mystery to me.
We do not speak the same language obviously.
How a turned of phone is less secure than a computer that you geeks run all the time is also a mystery to me.
I have no problem what so ever with having my coins on a phone, you are just way to afraid of ghosts.

I tempted to explain it as clear as possible, jojo was a bit more technical but we both kindly tried to save you from complete ignorance.
You are here from 2013 and you should at least be a bit ashamed of not knowing what a signature is, I have not any tech background but these are the bases about how our hobby works.
Hope your other hobby is not rocket-science, or you could have you burned hard soon.

Model trains and coin collecting are my other hobbies, so I guess I'm safe.
Thank you for trying to explain what it is, but as I have mentioned before that doesn't help if I don't know how to do it. It would be a lot more helpful if you just said something like "it's a way of sending coins without hitting the send button live, and you do it by klicking tab so and so and type that and that and then do this and then that, done. The technical mumbo jumbo does not do it for me, sorry but thanks for trying. As I said before, we just don't speak the same language.

try
bitcoin.org
the basics of everything


asking questions on a technical board will get you technical answers


Arriemoller
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January 11, 2018, 07:32:14 PM


I'm not the one asking, but I did'n understand any of that.

What is signing, what's an online box and what exactly does broadcast mean in this case?



offline box - An absolutely secure, known and trusted computing environment.  This computer NEVER touches a network.  USB sticks never go from a networked computer to this computer, only the other way around.  Most people use minimalist hardware, old socket AM2 boxes or even raspberry pi for this.  Live Linux sessions are the OS of choice...be sure to check that MD5 checksum kids.

online box - Your day to day posting on WO, reading news, email and porn box.  Assumed to be riddled with keyloggers and zero days, may even have a tiny NSA agent living inside.

signing - Verifies that the transaction in question has been authorized by your private key.  Obviously your private key is not included in a transaction.  Signing is the process whereby you demonstrate to the network that the transaction has been authorized and is in fact valid.  This is a basic function of dual key encryption.  If you don't get this you should sell your bitcoin and store your wealth in a system with a safety net.

broadcast - the process whereby the network becomes aware of the signed transaction.  The transaction data is disseminated to your peer nodes which rebroadcast it.  The aggregate unverified transactions on the network are known as the mempool.  This is the data from which each miner will select their 1MB of choice, choose a nonce and hash.


anyone who keeps more than 1 or 2 BTC on a phone...I just don't know what to say without being rude...you are playing with fire

Ok, so box is just geek for computer, and broadcast is just geek for send, and signing is still a mystery to me.
We do not speak the same language obviously.
How a turned of phone is less secure than a computer that you geeks run all the time is also a mystery to me.
I have no problem what so ever with having my coins on a phone, you are just way to afraid of ghosts.

I tempted to explain it as clear as possible, jojo was a bit more technical but we both kindly tried to save you from complete ignorance.
You are here from 2013 and you should at least be a bit ashamed of not knowing what a signature is, I have not any tech background but these are the bases about how our hobby works.
Hope your other hobby is not rocket-science, or you could have you burned hard soon.

Model trains and coin collecting are my other hobbies, so I guess I'm safe.
Thank you for trying to explain what it is, but as I have mentioned before that doesn't help if I don't know how to do it. It would be a lot more helpful if you just said something like "it's a way of sending coins without hitting the send button live, and you do it by klicking tab so and so and type that and that and then do this and then that, done. The technical mumbo jumbo does not do it for me, sorry but thanks for trying. As I said before, we just don't speak the same language.

try
bitcoin.org
the basics of everything


asking questions on a technical board will get you technical answers




But this isn't a technical board, it's a wall speculation board.
mymenace
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January 11, 2018, 07:34:28 PM


I'm not the one asking, but I did'n understand any of that.

What is signing, what's an online box and what exactly does broadcast mean in this case?



offline box - An absolutely secure, known and trusted computing environment.  This computer NEVER touches a network.  USB sticks never go from a networked computer to this computer, only the other way around.  Most people use minimalist hardware, old socket AM2 boxes or even raspberry pi for this.  Live Linux sessions are the OS of choice...be sure to check that MD5 checksum kids.

online box - Your day to day posting on WO, reading news, email and porn box.  Assumed to be riddled with keyloggers and zero days, may even have a tiny NSA agent living inside.

signing - Verifies that the transaction in question has been authorized by your private key.  Obviously your private key is not included in a transaction.  Signing is the process whereby you demonstrate to the network that the transaction has been authorized and is in fact valid.  This is a basic function of dual key encryption.  If you don't get this you should sell your bitcoin and store your wealth in a system with a safety net.

broadcast - the process whereby the network becomes aware of the signed transaction.  The transaction data is disseminated to your peer nodes which rebroadcast it.  The aggregate unverified transactions on the network are known as the mempool.  This is the data from which each miner will select their 1MB of choice, choose a nonce and hash.


anyone who keeps more than 1 or 2 BTC on a phone...I just don't know what to say without being rude...you are playing with fire

Ok, so box is just geek for computer, and broadcast is just geek for send, and signing is still a mystery to me.
We do not speak the same language obviously.
How a turned of phone is less secure than a computer that you geeks run all the time is also a mystery to me.
I have no problem what so ever with having my coins on a phone, you are just way to afraid of ghosts.

I tempted to explain it as clear as possible, jojo was a bit more technical but we both kindly tried to save you from complete ignorance.
You are here from 2013 and you should at least be a bit ashamed of not knowing what a signature is, I have not any tech background but these are the bases about how our hobby works.
Hope your other hobby is not rocket-science, or you could have you burned hard soon.

Model trains and coin collecting are my other hobbies, so I guess I'm safe.
Thank you for trying to explain what it is, but as I have mentioned before that doesn't help if I don't know how to do it. It would be a lot more helpful if you just said something like "it's a way of sending coins without hitting the send button live, and you do it by klicking tab so and so and type that and that and then do this and then that, done. The technical mumbo jumbo does not do it for me, sorry but thanks for trying. As I said before, we just don't speak the same language.

try
bitcoin.org
the basics of everything


asking questions on a technical board will get you technical answers




But this isn't a technical board, it's a wall speculation board.


Ok So what does the wall speculation have to do with ...."What is signing, what's an online box and what exactly does broadcast mean in this case?"....

I give up



Arriemoller
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January 11, 2018, 07:36:15 PM

Thanks anyway too you all for trying to explain. I have never signed and I really don't see the need for it in my future, it seems like overkill to me.
I'll just stay ignorant and move my coins the old fashioned way.
Arriemoller
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January 11, 2018, 07:45:41 PM


I'm not the one asking, but I did'n understand any of that.

What is signing, what's an online box and what exactly does broadcast mean in this case?



offline box - An absolutely secure, known and trusted computing environment.  This computer NEVER touches a network.  USB sticks never go from a networked computer to this computer, only the other way around.  Most people use minimalist hardware, old socket AM2 boxes or even raspberry pi for this.  Live Linux sessions are the OS of choice...be sure to check that MD5 checksum kids.

online box - Your day to day posting on WO, reading news, email and porn box.  Assumed to be riddled with keyloggers and zero days, may even have a tiny NSA agent living inside.

signing - Verifies that the transaction in question has been authorized by your private key.  Obviously your private key is not included in a transaction.  Signing is the process whereby you demonstrate to the network that the transaction has been authorized and is in fact valid.  This is a basic function of dual key encryption.  If you don't get this you should sell your bitcoin and store your wealth in a system with a safety net.

broadcast - the process whereby the network becomes aware of the signed transaction.  The transaction data is disseminated to your peer nodes which rebroadcast it.  The aggregate unverified transactions on the network are known as the mempool.  This is the data from which each miner will select their 1MB of choice, choose a nonce and hash.


anyone who keeps more than 1 or 2 BTC on a phone...I just don't know what to say without being rude...you are playing with fire

Ok, so box is just geek for computer, and broadcast is just geek for send, and signing is still a mystery to me.
We do not speak the same language obviously.
How a turned of phone is less secure than a computer that you geeks run all the time is also a mystery to me.
I have no problem what so ever with having my coins on a phone, you are just way to afraid of ghosts.

I tempted to explain it as clear as possible, jojo was a bit more technical but we both kindly tried to save you from complete ignorance.
You are here from 2013 and you should at least be a bit ashamed of not knowing what a signature is, I have not any tech background but these are the bases about how our hobby works.
Hope your other hobby is not rocket-science, or you could have you burned hard soon.

Model trains and coin collecting are my other hobbies, so I guess I'm safe.
Thank you for trying to explain what it is, but as I have mentioned before that doesn't help if I don't know how to do it. It would be a lot more helpful if you just said something like "it's a way of sending coins without hitting the send button live, and you do it by klicking tab so and so and type that and that and then do this and then that, done. The technical mumbo jumbo does not do it for me, sorry but thanks for trying. As I said before, we just don't speak the same language.

try
bitcoin.org
the basics of everything


asking questions on a technical board will get you technical answers




But this isn't a technical board, it's a wall speculation board.


Ok So what does the wall speculation have to do with ...."What is signing, what's an online box and what exactly does broadcast mean in this case?"....

I give up





Nothing really, it's totally of topic, but that's what makes this thread so great, all the of topicness that lights up our visits here.

Besides, the guy who originally asked the question about moving coins from a paper wallet seemed more confused about all this than me, so I don't think this little tutorial session was in any way bad for him.
Arriemoller
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January 11, 2018, 07:49:05 PM

And why is no one amazed that we have 29 more forks to claim?
I'm blown away.
erre
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January 11, 2018, 07:49:12 PM

Thanks anyway too you all for trying to explain. I have never signed and I really don't see the need for it in my future, it seems like overkill to me.
I'll just stay ignorant and move my coins the old fashioned way.

You are signing every time you move your coins. Sorry for have been harsh, but your unwillingness and  proudness of not knowing how txs works got me mad. That's like claiming on a train forum that how trains works it doesn't matter untill they move, I suppose.
Arriemoller
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January 11, 2018, 07:57:30 PM

Thanks anyway too you all for trying to explain. I have never signed and I really don't see the need for it in my future, it seems like overkill to me.
I'll just stay ignorant and move my coins the old fashioned way.

You are signing every time you move your coins. Sorry for have been harsh, but your unwillingness and  proudness of not knowing how txs works got me mad. That's like claiming on a train forum that how trains works it doesn't matter untill they move, I suppose.

No need to apologize, I'm not that sensitive.
There is actually a lot of guys that doesn't know how the model trains work, especially not the new digital versions of engines and controls.
They just ask what to do if it doesn't work and usually get a step by step answer, not the underlying digital tech.
And if that doesn't fix the problem they just send it away to someone who can fix it for them.
erre
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January 11, 2018, 08:10:09 PM

Thanks anyway too you all for trying to explain. I have never signed and I really don't see the need for it in my future, it seems like overkill to me.
I'll just stay ignorant and move my coins the old fashioned way.

You are signing every time you move your coins. Sorry for have been harsh, but your unwillingness and  proudness of not knowing how txs works got me mad. That's like claiming on a train forum that how trains works it doesn't matter untill they move, I suppose.

No need to apologize, I'm not that sensitive.
There is actually a lot of guys that doesn't know how the model trains work, especially not the new digital versions of engines and controls.
They just ask what to do if it doesn't work and usually get a step by step answer, not the underlying digital tech.
And if that doesn't fix the problem they just send it away to someone who can fix it for them.

You probably are right, this is a toxic environment.

Anyway, If you are storing btc as you said you are not safe. Just do like this:
-Download bitaddress.org on a safe machine (I.e. Linux booting disk) and run it offline
-print some addresses offline. Make multiple backup and store them safe
-use this addresses as safe (cold) storage. Keep only a few btc as "hot" storage on your phone app.
-all you need to do to import all the money is scan the qr code with your app. Once the key is scanned, this address will never be again "cold" (safe).
-don't let do anybody do it for you Smiley


If you follow the above steps, you should be safe. And that's a lot better than sorry in btc land.
Arriemoller
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January 11, 2018, 08:27:20 PM

Thanks anyway too you all for trying to explain. I have never signed and I really don't see the need for it in my future, it seems like overkill to me.
I'll just stay ignorant and move my coins the old fashioned way.

You are signing every time you move your coins. Sorry for have been harsh, but your unwillingness and  proudness of not knowing how txs works got me mad. That's like claiming on a train forum that how trains works it doesn't matter untill they move, I suppose.

No need to apologize, I'm not that sensitive.
There is actually a lot of guys that doesn't know how the model trains work, especially not the new digital versions of engines and controls.
They just ask what to do if it doesn't work and usually get a step by step answer, not the underlying digital tech.
And if that doesn't fix the problem they just send it away to someone who can fix it for them.

You probably are right, this is a toxic environment.

Anyway, If you are storing btc as you said you are not safe. Just do like this:
-Download bitaddress.org on a safe machine (I.e. Linux booting disk) and run it offline
-print some addresses offline. Make multiple backup and store them safe
-use this addresses as safe (cold) storage. Keep only a few btc as "hot" storage on your phone app.
-all you need to do to import all the money is scan the qr code with your app. Once the key is scanned, this address will never be again "cold" (safe).
-don't let do anybody do it for you Smiley


If you follow the above steps, you should be safe. And that's a lot better than sorry in btc land.

Thanks.

I already have a bunch of paper wallets printed, but I'm not moving any coins to them until all the forking is done. Then Ill move my coins away from the Coinomi wallet and half into my paper walllets and the other half into another Coinomi wallet. I'll then get my keys from the old Coinomi wallet and claim my forks.

Until someone can actually tell my how my coins could get stolen from my Coinomi wallet in my turned of phone (that's actually stored in a metal bag in a metal safe) without my phone getting stolen I'll regard it as safe.
erre
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January 11, 2018, 08:31:01 PM

When you turn on your phone, it is exposed to os vulnerabilities. And if you don't update the os you are making your phone more and more vulnerable as time pass. And you don't need the metal box if you put on a good password.

https://androidvulnerabilities.org
JayJuanGee
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January 11, 2018, 08:33:05 PM

Now that you have more time on your hands, we'd really like to hear that country song.

No sad country song. Sorry to disappoint Sad
But but but... the Neumann thingy...
I think many of us would settle for a happy country song, or a country song about some rich cowboy who doesn't give a "ratt's ass"* about nuttin...

*TM JJGee



 Cheesy Cheesy Cheesy Cheesy   "ratt's ass" is part of the English language, so I hold no claim to it - except perhaps playing around with the spelling.   Wink    In other words, it's open source.   Shocked
Arriemoller
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January 11, 2018, 08:36:27 PM

When you turn on your phone, it is exposed to os vulnerabilities. And if you don't update the os you are making your phone more and more vulnerable as time pass. And you don't need the metal box if you put on a good password.

https://androidvulnerabilities.org

Yes, but what do these vulnerabilities do? do they have any bearing what so ever to the Coinomi Wallet?
And what are the odds that they will affect my phone in those few moments it's turned on.

Edit to your edit. The metal box/bag also protects against solar flairs and EMP:s
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January 11, 2018, 08:39:02 PM

do you have a moment?

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January 11, 2018, 08:39:39 PM

fingers crossed !
Arriemoller
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January 11, 2018, 08:40:00 PM

do you have a moment?



Yes.
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January 11, 2018, 08:51:15 PM

got me a new lambo, a fittness lambo
...bicycle.gif...
doing something for my health so I can hodl longer  Grin

True story. Went to the Porsche dealership this morning for a State Inspection, oil and filter change on my 2016 911 Black Edition Cabriolet, and drove off with a brand new 2018 C4S Cabriolet instead.

I love you, Bitcorn.

Color or it didnt happen. Nice dude! Congrats!!
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January 11, 2018, 08:53:08 PM

do you have a moment?



Bear with me while I read you a scripture  Grin

edit: awww, too young for pictures still? lol
erre
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January 11, 2018, 08:56:15 PM



Yes, but what do these vulnerabilities do? do they have any bearing what so ever to the Coinomi Wallet?
And what are the odds that they will affect my phone in those few moments it's turned on.

Edit to your edit. The metal box/bag also protects against solar flairs and EMP:s

I don't know, but the general consensus among experts (not tinfoil hats) is that you shouldn't trust a bunch of variable code/hardware we both can't understand, but instead trust math, and so printing keys is perfectly fine, even against solar flairs and emp Smiley
You can still import your paper wallet private keys in coinomi to claim forks, is even simpler than when you have balance in the wallet and is perfectly secure (if you move bitcoins from the wallet before doing it, but since you are going to trust coinomi even after is the same. But at least you trust coinomi and other stuffs for just a few minutes.
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January 11, 2018, 09:04:32 PM

Its still just only down 30% from the ATH lol
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