Will we still be able to receive dividends if we keep our tokens in the ICO website? Or will we have to withdraw the tokens to an ethereum wallet where we hold the private key?
Call me crazy, but just about all of my crypto experience is with Proof of Stake / DPoS / brainwallet coins so I am actually quite hazy on just how ICN will actually work. (Proof of Work & Mining = Pure Evil, don't even get me started). It is a token on the Ethereum blockchain, right? So how do I use an Ethereum wallet to put a non-Ethereum token into air-gap paper storage in my bank safe deposit box? ELI5. I don't even know the name of any Ethereum wallet or even where to go to get one.
I use https://www.myetherwallet.com/ Which is a lot easier then the Mist version. MyEtherWallet have confirmed that their wallet will support ICN.
Quote from https://www.myetherwallet.com/ :
...While we have thoroughly tested & tens of thousands of wallets have been successfully created by people all over the globe, there is always the remote possibility that something unexpected happens that causes your ETH to be lost. Please do not invest more than you are willing to lose, and please be careful. If something were to happen, we are sorry, but we are not responsible for the lost Ether....
Or lost ICN, I presume.
Jesus Christ. This is why I prefer brainwallet coins like Lisk. Instead of depending on the mathematics of elliptic curve cryptography, now I gotta depend on smart contract code written by humans to secure my holdings. IMHO, the possibility of catastrophic failure by humans writing code is a lot higher than the possibility of catastrophic failure by the laws of the universe. Smart contract code is right up there with mining as a bad idea in my book.
....publicly available at https://github.com/kvhnuke/etherwallet. You can download the ZIP there and run it locally.
This^^^^. Do this^^^^. Run their software locally on a computer that has a clean, new operating system (OS) load and has never been connected to the Internet. Put the ZIP file on that computer via thumb drive. Get TWO cheap, powerful ODROID C2s and use them as your (redundant) bank vaults.
http://www.hardkernel.com/main/products/prdt_info.php
http://ameridroid.com/products/odroid-c2
