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Author Topic: Lets say they upgrade bitcoin will my public and private key still work  (Read 1384 times)
tot-o
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September 08, 2018, 02:58:55 PM
 #41

most online account will have the same account with the same password, the wallet and the site maybe upgrade their feature but I believe it will not affect your account password since it will stay the same as long as you don't change it.
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xena2
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September 08, 2018, 03:01:14 PM
 #42

i created a wallet form web wallet
and an keeping safe 12 words and a bitcoin address public key and private key
and that single public address has all bitcoin now i m never going to use that wallet as i m going to hold bitcoin till 2025


my question is what if community tries to upgrade bitcoin and is it possible that that private key wont work because of upgrade.....as i see back in 2011 people use to keep bitcoins on a hard drive ....

i just want to know would i be able to recover my funds as long a i have my private key whatever happens to technology....
Programmers and developers study first the effects of the before they plan upgrade so before they launch the upgrade they will secure the perfect flowchart or algorithm so that there will no inconvenience to all the users. Planning and analysis comes first before the implementation.

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Kusnechik
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September 08, 2018, 03:07:41 PM
 #43

I think you should not worry about changing the parameters of the entrance to your wallet. As a rule, they remain unchanged or you will be notified in advance about the changes.

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September 08, 2018, 03:32:30 PM
 #44

First of all you need to include what update you were trying to say. For example, stores are now accepting bitcoin. Then, that case, it will not affect the whole scenario.

 
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crypt0monarch
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September 08, 2018, 03:42:45 PM
 #45

If bitcoin keys generated than it will work forever and if u are planing to hold till 2025 than u can assured ur bitcoin is safe if community will upgrade bitcoin and behind its technology than most of bitcoin holders will affected with this decision so upgradation chances is less. but still u are confuse than u can try hardware wallet for store ur bitcoin but bitcoin is the technology and no one can predict what will happen in future so take ur decision according to your strategy and thoughts.
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September 22, 2018, 12:29:39 PM
 #46

I usually do not update until the release is a few months old to avoid errors, just in case. Be flexible and willing to sell if market conditions call for it before your expiration date. Even if there is a change in the overall system and code of blockchain, your keys may remain the same, otherwise it will create a catastrophic situation for many Bitcoin owners and developers. I would not want that.
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September 22, 2018, 12:47:53 PM
 #47

if at this time your key is a wallet maybe you just need to keep it in a safe place micro flas disk or hard disk that is important You know that and away from viruses or cleaners but if there are new changes from the wallet application i don't understand and don't know ??
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September 23, 2018, 01:19:34 PM
 #48

if at this time your key is a wallet maybe you just need to keep it in a safe place micro flas disk or hard disk that is important You know that and away from viruses or cleaners but if there are new changes from the wallet application i don't understand and don't know ??

yes just keep the private keys and other important information of your wallet in safe place if bitcoin network will do some upgrades I think that all of them will work the same way or if not you have to migrate you assets

sd
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