Topic: blockchain.info & BIP101 (Read 687 times)
It is my opinion and that of security experts that you shouldn't keep your private keys online like that, but them being in blockchain shouldn't affect what happens with BIP 101
Fork or not, you shouldn't hold a penny on blockchain.info. They have shown to be incompetent several times in the past and should not be trusted with your bitcoins.
I don't think they will let themselves on the wrong side of the chain (BIP101) when the right one wins. I mean this would be suicidal. So you don't have a problem here. In my opinion your problem is that you are still using online wallets. Even though they say that blockchain.info online wallet is the most secure out of them all, I would never use one when you have so many great lite clients like Electrum or Multibit where you can backup your coins and be a sole owner of your private keys.
That blockchain.info entertained the idea of exponential bloat for one second (or similarly devastating, that the didn't understand what Hearndresen was up to) is very bad news.
I'll be taking the BTC I have with them off when I get around to it and not using them any more.
Does anyone else know of an on-line service which works on the same basic principle? That is to say, UCE (User Controlled Encryption) where a verifiable script is used to perform crypto functions locally?
Or can anyone produce compelling info that blockcahin.info's position was mis-represented. Or point to discussions involving the principles of the operation where they explain their position?
guys, guys, listen to me
...
calm the fuck down.
Nothing is decided. Just wait, what will happen in the next months. Nobody has to take any precautions, yet.
...
calm the fuck down.
Nothing is decided. Just wait, what will happen in the next months. Nobody has to take any precautions, yet.
I trust we'll know in advance if we have to quickly move coins to other wallets etc?
Hopefully there is no fork & it's agreed across the board that bigger blocks are needed. Oh & XT dies.
Maybe lay a little bit down, on your use of Bitcoin, IF there is still a controversy in January 2016.
There is time enough if you look into the topic in December to decide, if you have to take precautions or not.
guys, guys, listen to me
...
calm the fuck down.
Nothing is decided. Just wait, what will happen in the next months. Nobody has to take any precautions, yet.
...
calm the fuck down.
Nothing is decided. Just wait, what will happen in the next months. Nobody has to take any precautions, yet.
I trust we'll know in advance if we have to quickly move coins to other wallets etc?
Hopefully there is no fork & it's agreed across the board that bigger blocks are needed. Oh & XT dies.
guys, guys, listen to me
...
calm the fuck down.
Nothing is decided. Just wait, what will happen in the next months. Nobody has to take any precautions, yet.
...
calm the fuck down.
Nothing is decided. Just wait, what will happen in the next months. Nobody has to take any precautions, yet.
I don't think they will let themselves on the wrong side of the chain (BIP101) when the right one wins. I mean this would be suicidal. So you don't have a problem here. In my opinion your problem is that you are still using online wallets. Even though they say that blockchain.info online wallet is the most secure out of them all, I would never use one when you have so many great lite clients like Electrum or Multibit where you can backup your coins and be a sole owner of your private keys.
90% of my stash is in cold storage on paper wallets but is it advisable to move any remaining coins off blockchain.info?
I read that they support BIP101 & it's looking like XT & BIP101 has no chance of being backed by the majority. I don't want a load of useless shitcoins so shall I move the small amount I have away from blockchain.info?
I read that they support BIP101 & it's looking like XT & BIP101 has no chance of being backed by the majority. I don't want a load of useless shitcoins so shall I move the small amount I have away from blockchain.info?
Rule #1. If you do not have your private keys, you do not have any bitcoin.
Beyond that, XT will work fine unless a supermajority was activated, it became the norm, AND a larger than 1MB block was mined. Otherwise it works just like Core alongside Core. So nothing to worry about.
Unless blockchain.info has changed or has been cheating, they do NOT have your keys. You (alone) should have them if you followed their instruction, or the ability to re-generate them if you know your password.
So, blockchain.info could induce you to spend your coins into a chain which is not in your best interest, but they (in theory) cannot take your BTC. In the worst case (which seems to be the case) they are dupped into something obscene like XT/101, it should be possible to re-claim your funds from your hard-copy backup and spend them as you choose.
Or, better yet, just keep some pocket change via their platform and walk away with a laugh if they go to the dark side.
90% of my stash is in cold storage on paper wallets but is it advisable to move any remaining coins off blockchain.info?
I read that they support BIP101 & it's looking like XT & BIP101 has no chance of being backed by the majority. I don't want a load of useless shitcoins so shall I move the small amount I have away from blockchain.info?
I read that they support BIP101 & it's looking like XT & BIP101 has no chance of being backed by the majority. I don't want a load of useless shitcoins so shall I move the small amount I have away from blockchain.info?
Let the coins be on blockchain.info and download your private keys from their dashboard in WIF format. That way, those coins will be usable in both chains after the fork. If XT chain win, you may use them directly from blockchain.info. If core wins, you may import your already downloaded private keys on bitcoin core to use them.
Thanks boss.
First of all, even if a fork occurs (which is doubtful), you'll have coins on both chains.
Second of all, the fact that they support Bip 101 has nothing to do with your wallet being there.
MKAY?
Second of all, the fact that they support Bip 101 has nothing to do with your wallet being there.
MKAY?
Thanks
legendary
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
First of all, even if a fork occurs (which is doubtful), you'll have coins on both chains.
Second of all, the fact that they support Bip 101 has nothing to do with your wallet being there.
MKAY?
Second of all, the fact that they support Bip 101 has nothing to do with your wallet being there.
MKAY?
i would use blockchain.info only for pocket change, not for "big" amounts.
you can use a hardware wallet, that is safer.
you can use a hardware wallet, that is safer.
90% of my stash is in cold storage on paper wallets but is it advisable to move any remaining coins off blockchain.info?
I read that they support BIP101 & it's looking like XT & BIP101 has no chance of being backed by the majority. I don't want a load of useless shitcoins so shall I move the small amount I have away from blockchain.info?
I read that they support BIP101 & it's looking like XT & BIP101 has no chance of being backed by the majority. I don't want a load of useless shitcoins so shall I move the small amount I have away from blockchain.info?
Rule #1. If you do not have your private keys, you do not have any bitcoin.
Beyond that, XT will work fine unless a supermajority was activated, it became the norm, AND a larger than 1MB block was mined. Otherwise it works just like Core alongside Core. So nothing to worry about.
90% of my stash is in cold storage on paper wallets but is it advisable to move any remaining coins off blockchain.info?
I read that they support BIP101 & it's looking like XT & BIP101 has no chance of being backed by the majority. I don't want a load of useless shitcoins so shall I move the small amount I have away from blockchain.info?
I read that they support BIP101 & it's looking like XT & BIP101 has no chance of being backed by the majority. I don't want a load of useless shitcoins so shall I move the small amount I have away from blockchain.info?
Let the coins be on blockchain.info and download your private keys from their dashboard in WIF format. That way, those coins will be usable in both chains after the fork. If XT chain win, you may use them directly from blockchain.info. If core wins, you may import your already downloaded private keys on bitcoin core to use them.
90% of my stash is in cold storage on paper wallets but is it advisable to move any remaining coins off blockchain.info?
I read that they support BIP101 & it's looking like XT & BIP101 has no chance of being backed by the majority. I don't want a load of useless shitcoins so shall I move the small amount I have away from blockchain.info?
I read that they support BIP101 & it's looking like XT & BIP101 has no chance of being backed by the majority. I don't want a load of useless shitcoins so shall I move the small amount I have away from blockchain.info?
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