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Topic: [LTCD] LitecoinDark.com ★ Scrypt ★ Difficulty Shield ★ Multipool ★ Fast - page 98. (Read 368578 times)

full member
Activity: 241
Merit: 100
if the wallet is encrypted they would have to know your password to send the coins to another wallet so you should be ok . Back up the wallet dat and encrypt it you should be fine. Smiley

True. However the drawback is then you cannot stake the coins to get interest.

Now if the devs could do a POS with an encrypted wallet; that would be awesome.

Do you mean that I won't be able to encrypt my wallet after POS is applied?
Is my encrypted wallet going to work after POS is applied?

Your encrypted wallet will still work. 

What I meant to say is that I would like to see a wallet where we can still stake even if it is encrypted.
sr. member
Activity: 686
Merit: 320
if the wallet is encrypted they would have to know your password to send the coins to another wallet so you should be ok . Back up the wallet dat and encrypt it you should be fine. Smiley

True. However the drawback is then you cannot stake the coins to get interest.

Now if the devs could do a POS with an encrypted wallet; that would be awesome.

Do you mean that I won't be able to encrypt my wallet after POS is applied?
Is my encrypted wallet going to work after POS is applied?

Yes you'll be able to encrypt your wallet.  And yes the wallet will work after PoS.  Not sure why people are asking these sorts of questions when there are a lot of coins out there that are PoS.  You just can't stake while the wallet is locked so you have to unlock it when you want to stake.  Pretty standard stuff.
sr. member
Activity: 462
Merit: 250
if the wallet is encrypted they would have to know your password to send the coins to another wallet so you should be ok . Back up the wallet dat and encrypt it you should be fine. Smiley

True. However the drawback is then you cannot stake the coins to get interest.

Now if the devs could do a POS with an encrypted wallet; that would be awesome.

Do you mean that I won't be able to encrypt my wallet after POS is applied?
Is my encrypted wallet going to work after POS is applied?
member
Activity: 98
Merit: 10
Litecoindark Reddit Moderator
Nice buys are like 4-1 sell keep holding firm
full member
Activity: 241
Merit: 100
if the wallet is encrypted they would have to know your password to send the coins to another wallet so you should be ok . Back up the wallet dat and encrypt it you should be fine. Smiley

True. However the drawback is then you cannot stake the coins to get interest.

Now if the devs could do a POS with an encrypted wallet; that would be awesome.
sr. member
Activity: 241
Merit: 250
What will happen when all the coins are mined soon?

The next update will have a fork to drastically reduce the block reward to keep the coin minable for a longer period of time.
member
Activity: 98
Merit: 10
Litecoindark Reddit Moderator
also ltcd mention on b1b13.com nice to see this exposure
member
Activity: 98
Merit: 10
Litecoindark Reddit Moderator
ltcd on crytpscout.com nice didnt know that nice  Grin
full member
Activity: 126
Merit: 100
What will happen when all the coins are mined soon?
member
Activity: 98
Merit: 10
Litecoindark Reddit Moderator
if the wallet is encrypted they would have to know your password to send the coins to another wallet so you should be ok . Back up the wallet dat and encrypt it you should be fine. Smiley
newbie
Activity: 44
Merit: 0
But I have heard of more accounts of people having coins stolen out of their local wallets than on exchanges...
legendary
Activity: 1764
Merit: 1000
plus if the exchange is hacked they are after one thing btc  Grin

Its not only BTC but with other potential high valued altcoins.. have you heard the thing happened on cryptorush.in where they also stole blackcoins? , NXT on bter.com and then Vericoin on Mintpal.com

As always just leave any amount of coins you can take risk on an exchange and leave the rest on your local wallet.

member
Activity: 98
Merit: 10
Litecoindark Reddit Moderator
plus if the exchange is hacked they are after one thing btc  Grin
sr. member
Activity: 462
Merit: 250
I have been leaving most of my coins on bittrex because I have heard of people loosing their coins from their wallets, but only heard of one instance with Mintpal and Vericoin... I think... anyway why is it unsafe to leave coins on bittrex? or where is it safest to leave coins... in idiot terms please  Grin
Never leave your coins online. Leave only the amount your are willing to risk.

Keep them at your wallet at your computer and encrypt it.
member
Activity: 98
Merit: 10
Litecoindark Reddit Moderator
I find cryptsy is safe they are the oldest and has the most user accounts with over 250,000 plus I 2fa and email confirmations for withdrawls  Grin
newbie
Activity: 44
Merit: 0
I have been leaving most of my coins on bittrex because I have heard of people loosing their coins from their wallets, but only heard of one instance with Mintpal and Vericoin... I think... anyway why is it unsafe to leave coins on bittrex? or where is it safest to leave coins... in idiot terms please  Grin
sr. member
Activity: 336
Merit: 250
Twitter: @Steven_McKie
EcoChavCrypto,

Thanks!! I did not have the time to go back to read all pages & find your post. I just recall ? posted that once, then nobody replied. (I had assumed they wrote privately.) Linux wallet is pretty big to have, because  it is a true encryption avenue of communication!!
If we don't have it, we lose ALL of those LINUX aficionados as potential users/investors, which is not so good.

Thank you for your contribution to the team here!!

~darylluke.

I would recommend everyone in crypto switch to Linux, I hear horror stories from Windows users all the time loosing coins.  My advice would be to chose the distro that best suits your needs (Mint and Ubuntu are good for beginners).  Make sure to encrypt your hard disk, set up your firewall and as an added layer of security a 256 bit AES encrypted VPN which will keep all communications safe, secure and your IP hidden from people wanting to steal your coins (especially people IP grabbing from IRC channels).  ALWAYS encrypt your wallets.  I had some bitcoin hijacked because I forgot to.  A virus was injected into the blockchain and was monitoring transactions.  Bitcoin was sent off within 5 seconds of a transaction clearing, this happened in Linux because the virus was in the blockchain.  Its worth virus scanning every now and again despite 90% of viruses being built for Windows.  

Many excellent points EcoChav! And yes! Crypto is great because it blends many different knowledge bases together under one room. If there is one skill we can all learn from each other, that would definitely have to be using your devices as securely as possible. Although loading a Linux Distro onto a virtual machine or a separate drive partition may be difficult, at first -- it is in fact a finite number of steps and procedures that you can surely master in time; and you will be glad you took the time to learn later on when someone you know is hacked, but you were not due to taking the proper initiative.

And yes, always encrypt your wallets. VERY IMPORTANT!

sr. member
Activity: 448
Merit: 250
EcoChavCrypto,

Thanks!! I did not have the time to go back to read all pages & find your post. I just recall ? posted that once, then nobody replied. (I had assumed they wrote privately.) Linux wallet is pretty big to have, because  it is a true encryption avenue of communication!!
If we don't have it, we lose ALL of those LINUX aficionados as potential users/investors, which is not so good.

Thank you for your contribution to the team here!!

~darylluke.

I would recommend everyone in crypto switch to Linux, I hear horror stories from Windows users all the time loosing coins.  My advice would be to chose the distro that best suits your needs (Mint and Ubuntu are good for beginners).  Make sure to encrypt your hard disk, set up your firewall and as an added layer of security a 256 bit AES encrypted VPN which will keep all communications safe, secure and your IP hidden from people wanting to steal your coins (especially people IP grabbing from IRC channels).  ALWAYS encrypt your wallets.  I had some bitcoin hijacked because I forgot to.  A virus was injected into the blockchain and was monitoring transactions.  Bitcoin was sent off within 5 seconds of a transaction clearing, this happened in Linux because the virus was in the blockchain.  Its worth virus scanning every now and again despite 90% of viruses being built for Windows. 
full member
Activity: 137
Merit: 100
good things are coming no doubt for this crypto and community Grin

Truer things are rarely spoken Cheesy
member
Activity: 98
Merit: 10
Litecoindark Reddit Moderator
good things are coming no doubt for this crypto and community Grin
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