r0ach
Legendary
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Activity: 1260
Merit: 1000
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March 13, 2017, 09:35:15 AM |
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I'll buy a steel physical private key wallet as soon as someone manages to get bitcoin over 4 TPS. Until that happens, I'm not sure if it feels right trying to secure Bitcoin against Noah's flood and nuclear attacks. |
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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March 13, 2017, 10:48:21 AM |
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With the hardware wallets like Trezor, I would just ask. What happens when my Trezor dies down the road and the company that creates them no longer exists? Is there a way to recover my bitcoins from the seed in such a case?
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olseh
Jr. Member
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Activity: 128
Merit: 9
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March 13, 2017, 10:51:22 AM |
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With the hardware wallets like Trezor, I would just ask. What happens when my Trezor dies down the road and the company that creates them no longer exists? Is there a way to recover my bitcoins from the seed in such a case?
Yep, you don't need to recover your seed in another Trezor, you can use something like Mycelium to do the same |
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Mervyn_Pumpkinhead
Legendary
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Activity: 876
Merit: 1000
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March 13, 2017, 11:12:24 AM |
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You guys are still excited about a crypto, that has risen less then 10% in the past 3 years.. extremely interesting things going on with ETH and DASH, and the same faces are still here, still hoping for a miracle... religious people are weird...
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becoin
Legendary
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Activity: 3431
Merit: 1233
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March 13, 2017, 11:15:36 AM |
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With the hardware wallets like Trezor, I would just ask. What happens when my Trezor dies down the road and the company that creates them no longer exists? Is there a way to recover my bitcoins from the seed in such a case?
Just keep your 24 words seed safe! You can use dozen of other HD HW wallets or other BIP 39 and BIP 44 compliant solutions to recover your privkey as long as you have those 24 words. |
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becoin
Legendary
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Activity: 3431
Merit: 1233
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March 13, 2017, 11:17:59 AM |
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You guys are still excited about a crypto, that has risen less then 10% in the past 3 years.. extremely interesting things going on with ETH and DASH, and the same faces are still here, still hoping for a miracle... religious people are weird...
As soon as pumps on those altcoins finish dump will start and bitcoin will shoot up! |
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Mervyn_Pumpkinhead
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Activity: 876
Merit: 1000
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March 13, 2017, 11:40:53 AM |
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You guys are still excited about a crypto, that has risen less then 10% in the past 3 years.. extremely interesting things going on with ETH and DASH, and the same faces are still here, still hoping for a miracle... religious people are weird...
As soon as pumps on those altcoins finish dump will start and bitcoin will shoot up! One can hope.. but even if it happens, then people will still probably make less in a year with BTC then people with ETH and DASH made in a week.. but.. at least everyone are happy and excited..? :/ |
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becoin
Legendary
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Activity: 3431
Merit: 1233
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March 13, 2017, 11:49:07 AM |
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You guys are still excited about a crypto, that has risen less then 10% in the past 3 years.. extremely interesting things going on with ETH and DASH, and the same faces are still here, still hoping for a miracle... religious people are weird...
As soon as pumps on those altcoins finish dump will start and bitcoin will shoot up! One can hope.. but even if it happens, then people will still probably make less in a year with BTC then people with ETH and DASH made in a week.. but.. at least everyone are happy and excited..? :/ Eth fork is a scam pumped up by banks. Better invest in eth classic if want to have eth exposure as investor. |
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stompix
Legendary
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Activity: 3374
Merit: 6780
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March 13, 2017, 11:55:14 AM |
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With the hardware wallets like Trezor, I would just ask. What happens when my Trezor dies down the road and the company that creates them no longer exists? Is there a way to recover my bitcoins from the seed in such a case?
If it dies in a ditch by the road and you're lucky it might bloom into a beautifull bitcoin tree from the seeds in it. |
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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March 13, 2017, 12:13:11 PM |
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If it dies in a ditch by the road and you're lucky it might bloom into a beautifull bitcoin tree from the seeds in it.
I will plant this money tree and become rich. |
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Mervyn_Pumpkinhead
Legendary
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Activity: 876
Merit: 1000
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March 13, 2017, 12:18:32 PM |
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No, because no one in their right mind uses crypto for it's utility other then gambling by trading  Only the religious people, or poor people, whose only wealth is in crypto are actually paying for things in BTC. One of the important rules with crypto is that never believe your own bullshit sales pitches  All the cryptos are currently pretty useless outside of speculative play. Maybe in the future, we will have a crypto, that is convenient enough to actually be used a practical form of payment!  I have hoped for many years already. |
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0xfff
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March 13, 2017, 12:20:44 PM |
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No, because no one in their right mind uses crypto for it's utility other then gambling by trading Only the religious people, or poor people, whose only wealth is in crypto are actually paying for things in BTC. One of the important rules with crypto is that never believe your own bullshit sales pitches All the cryptos are currently pretty useless outside of speculative play. Maybe in the future, we will have a crypto, that is convenient enough to actually be used a practical form of payment! I have hoped for many years already. I agree. Bitcoin is the only remotely useful crypto. All the other ones are just speculation. |
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European Central Bank
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Activity: 1288
Merit: 1087
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March 13, 2017, 12:24:42 PM |
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No, because no one in their right mind uses crypto for it's utility other then gambling by trading Only the religious people, or poor people, whose only wealth is in crypto are actually paying for things in BTC. One of the important rules with crypto is that never believe your own bullshit sales pitches All the cryptos are currently pretty useless outside of speculative play. Maybe in the future, we will have a crypto, that is convenient enough to actually be used a practical form of payment! I have hoped for many years already. weird. i just paid to rent a holiday house in america with bitcoin. these assholes didn't take cards. i would've had to create a dollar check and post it to america. including post, check creation and cashing it, it would've taken several weeks. instead i told them to go to bitpay and sign up. one hour later it was fully paid for. |
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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March 13, 2017, 12:28:43 PM |
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No, because no one in their right mind uses crypto for it's utility other then gambling by trading Only the religious people, or poor people, whose only wealth is in crypto are actually paying for things in BTC. One of the important rules with crypto is that never believe your own bullshit sales pitches All the cryptos are currently pretty useless outside of speculative play. Maybe in the future, we will have a crypto, that is convenient enough to actually be used a practical form of payment! I have hoped for many years already. If you have to keep your money in a currency that is specifically created to lose value as a feature, you're doing it wrong. Hopping back and forth between currencies is the source of most problems when it comes to crypto. |
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Lauda
Legendary
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Activity: 2674
Merit: 3004
Terminated.
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March 13, 2017, 12:32:20 PM |
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Maybe in the future, we will have a crypto, that is convenient enough to actually be used a practical form of payment! I have hoped for many years already. You sound like one of the followings: 1) Employed by someone; 2) Altcoin bagholder; 3) Someone who is butthurt from missing out on Bitcoin. You have zero argument to refute that Elwar presented to you, as is, the other currencies have near-zero useful usage. Bitcoin's infrastructure is actually much wider than people think. It is missing a few key points (e.g. Amazon & Ebay), but the current TPS wouldn't be able to handle them anyway. The demand is much higher than the block supply already.
That put aside, Bitcoin is about to test >1250$ again on Bitstamp (currently $1244). |
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savetherainforest
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March 13, 2017, 12:44:13 PM |
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Maybe in the future, we will have a crypto, that is convenient enough to actually be used a practical form of payment! I have hoped for many years already. You sound like one of the followings: 1) Employed by someone; 2) Altcoin bagholder; 3) Someone who is butthurt from missing out on Bitcoin. You have zero argument to refute that Elwar presented to you, as is, the other currencies have near-zero useful usage. Bitcoin's infrastructure is actually much wider than people think. It is missing a few key points (e.g. Amazon & Ebay), but the current TPS wouldn't be able to handle them anyway. The demand is much higher than the block supply already.
That put aside, Bitcoin is about to test >1250$ again on Bitstamp (currently $1244). When we see if bears get bludgeoned with a spiked hammer or not... |
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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March 13, 2017, 01:04:00 PM |
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It is missing a few key points (e.g. Amazon & Ebay),
Amazon is one of the best use cases of Bitcoin. Why would you want Amazon to accept bitcoins when you can buy anything on Amazon at a discount using bitcoins? You can also buy anything on eBay at 3% off via Gyft, egifter, etc. |
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Lauda
Legendary
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Activity: 2674
Merit: 3004
Terminated.
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March 13, 2017, 01:06:52 PM |
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It is missing a few key points (e.g. Amazon & Ebay),
Amazon is one of the best use cases of Bitcoin. Why would you want Amazon to accept bitcoins when you can buy anything on Amazon at a discount using bitcoins? You can also buy anything on eBay at 3% off via Gyft, egifter, etc. It is not about the discount, and I'm well aware of the options. However, I'd like to have the option to directly pay with Bitcoin on those two websites; that's why I mentioned them. Going through that method requires an additional step that some people may not be willing to take. This is a divine intervention moment! ... When we see if bears get bludgeoned with a spiked hammer or not... Plenty of beartards panicking right now. Looks like a lot of people sold at the bottom after the ETF denial. |
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