Topic: [ANN][C2.1] Coin2 | Pow/PoS | ChainOfConflict[FPS] The Future of Gaming is Now - page 131. (Read 499755 times)

I talked with Polo on their trollbox and they said it will be lowered substantially.

Mintpal will only lower it to 200 for now.

Now that PoW is over will the exchanges be lowering the deposit confirmations?

Can you please provide your address here or pm it to me so I can take a closer look?

I noticed a similar thing. The devs explained that the blockchain shows address balances not wallet balances. Do you have multiple receive addresses?

Bittzy I think its you with joels account. Can you explain the page 1 document and how they dont match up. Sorry but im not following it. Turned my brain off for the night, mondays ya know.

Another whale just moved his 2 millions C2.1 off mintpal exchange

Well put Jan. When reading some of the links I came across the following :-

The situation is made somewhat more confusing because the receiving addresses shown in the UI are not the only keys in your wallet. Each Bitcoin generation is given a new public key, and, more importantly, each sent transaction also sends some number of Bitcoins back to yourself at a new key. When sending Bitcoins to anyone, you generate a new keypair for yourself and simultaneously send Bitcoins to your new public key and the actual recipient's public key. This is an anonymity feature – it makes tracking Bitcoin transactions much more difficult.

So if you create a backup, do more than 100 things that cause a new key to be used, and then restore from the backup, some Bitcoins will be lost.

I appreciate it refers to bitcoin but as a crypto newbie I wonder is it also true for C2?

Also I wonder would it be possible to use something like google 2 factor authentication for  authenticating any outbound transactions? Would this be enough to provide reasonable protection to an unlocked wallet? I seem to remember seeing some wallets of other coins implementing this but cannot remember which.

I don't know enough about how things work to know if this would help. Perhaps the devs could comment in their spare time I appreciate that something like this if accepted would be further down the line as the devs are flat out already.

poor 42coinfever

Ok, so assuming you had a reasonable balance in your wallet and C2 price has rocketed. You are now sitting with a not inconsiderable amount in your wallet. How do you stake to help protect the network but also remain secure. In fact how would you protect yourself period. For example your house is burgled and laptop/ computer stolen with your wallet onboard. From what you are saying you are relying on getting online ASAP on another computer using the backup copy of your wallet that you keep close at all times,  create a new address and transfer the C2 to this address before the burglar has a chance to use his super duper crypto decoder program.

What do we think should be recommended "Good Practice" for folk to use when purchasing C2?
[/quote]

encrypt the shit out of your wallet, keep back ups of the wallet.dat, don't leave your wallet open if your not in attendance (laptop).

whats the big deal?
[/quote]

1 We are going to have multiple users joining the forum in hopefully the not too distant future wanting get into C2. So when they ask how to start and what is the best way to install software and secure the network it would appear that the answer we give will be "what the big deal? Encrypt the shit out of your wallet, keep back ups of the wallet.dat, don't leave your wallet open if your not in attendance (laptop) and forget about staking to secure the network unless you are sitting in front of your screen.

2 If C2 ever gets to £1 per coin then all the holders in the current top 100 (almost) and dear knows how many with their coins on an exchange will be sitting with £100,000+ sitting on their computer. That would make me want to think carefully about security.

3 I thought it might make for some intelligent discussion while we are waiting for things to start to happen.

For anyone interested a few links:-

http://www.cryptobadger.com/2013/05/guide-bitcoin-wallet-security/comment-page-1/#comments
http://www.thrivenotes.com/secure-and-backup-your-crypto-coins/
https://en.bitcoin.it/wiki/Securing_your_wallet

These are written for other coins but the principals are the same. The short story appears to be that if you stake then you are at risk. The best solution appears to be to create a wallet with multiple addresses. Encrypt it to death then take multiple backups and store them securely somewhere. Then delete the wallet and create a new one. This wallet will be your day to day wallet and once your wallet reaches a value above your comfort level you transfer some of your coins to one of the addresses in your backed up wallet. This allows you to stake at least some of your coins.

Any better solutions that allow staking?

Ps I wouldn't even dream of using a simple password on a wallet. I prefer random characters of a sensible length - considerably longer than 10 chars. I assume you have also been blessed never to have been the victim of a virus etc. The above approach would at least minimise your loss. Likewise unless you plan to implement something like this you tend to keep putting off taking a backup of your wallet until your hard disk dies when it's too late.

I agree, if you are using words maybe. I don't know a lot about hacking. yet most of the bruteforce programs are mainly words. if you have a huge string of numbers. that could take forever if impossible to crack.  the combinations are extrodinary.

Let me get this right...
let us take a computer in an Active directory with multiple users where several people share a computer on a daily basis.
With a wallet "unencrypted" I don't have to say more. With an encrypted wallet you make sure noone gets access to it and spend your coins, isn't that the whole point of encryption?
I don't want to be rude now but if you don't use encryption that's your own fault, but please do not assume everyone uses lame passwords... I doubt you crack a secure password with a bruteforce software, at least not in 5 minutes more as you point out...[maybe if you're stupid and use "password" as your password *rofl*]. But in my opinion it is bullshit that if someone just has my encrypted wallet he has "won" as you say ?!? But honestly, who the hack does not encrypt his wallet nowadays?!  
Now please explain how to lift a pvt key from a backup wallet that is encrypted?

thanks so much SoulDream   I appreciate that!

Coins2.1 is a community ... you helped , let me help u :-)

It is not big but ... enjoy !

that is if the thief even knew what crypto currencies are.  most thieves are drug addicts and will just try to unload it at the pawnshop or sell to some other loser.

encrypt the shit out of your wallet, keep back ups of the wallet.dat, don't leave your wallet open if your not in attendance (laptop).

whats the big deal?

Ok, so assuming you had a reasonable balance in your wallet and C2 price has rocketed. You are now sitting with a not inconsiderable amount in your wallet. How do you stake to help protect the network but also remain secure. In fact how would you protect yourself period. For example your house is burgled and laptop/ computer stolen with your wallet onboard. From what you are saying you are relying on getting online ASAP on another computer using the backup copy of your wallet that you keep close at all times,  create a new address and transfer the C2 to this address before the burglar has a chance to use his super duper crypto decoder program.

What do we think should be recommended "Good Practice" for folk to use when purchasing C2?

Well, that's it for PoW!  

Payouts (totals since start):


Total payouts are 194 874,343266 C2!!!


Final payouts was made for every miner who had over 0.1 C2 balance

yay I got my 9 coins for helping with the POW! oh yeah! lol 

This would only be an issue if someone had access physically to your system, if the happens, there is no reason why they couldn't just lift your private key from a backup file. So all leaving your wallet would do is save the guy 5 minutes.

If someone has access your wallet, they have already won. (yes, I know they might not have your password, but be real, is it like 8-10 letters or 50 random symbols? your password is gunna get brute forced in a few min also. After all, CRYPTO currency!)