Topic: Mycelium Bitcoin Wallet - page 82. (Read 586368 times)

Just the way Mycelium works.


I don't see how this is difficult or even "impossible". Mycelium asks the server for the amount in XYZ address. Simple.

Central server? What is this referring to?

I'll be impressed if you get it to work! I would have thought that the architecture of Mycelium, where the central server keeps track of your "savings", made this impossible. How could the server know which addresses to track? It might be possible, just difficult, but that's a challenge for you guys..!

Actually there are a few benefits that HD gives besides just privacy. There are a few features we haven't been able to add until we got this HD thing implemented. But we're getting there!

Not at all. I just started using an HD wallet willy nilly without thinking about it at all. I often do this kind of thing when dealing with important things such as finances or important life decisions.

This!

I recently discovered the benefits of barbed wire.  Because of that I had to move to another house, which is surrounded by a barbed wire fence.

I mean, did you think about what these benefits would actually give you and whether they would apply in your case?  Sure, using an HD wallet means one doesn't have to think and worry about possible loss of privacy due to address reuse, or face the inconvenience of maintaining tons of non-HD keys.   And all the hard work that wallet developers put into delivering BIP32 to their users is truly commendable.  But all too often people read flashy headlines like "address reuse considered harmful" or "USB is fundamentally broken" and rush into action.

Very soon. It's basically functional in testnet at this point, but still has some bugs to iron out, and to be implemented in LocalTrader correctly. It will probably be out by the time Mycelium Entropy devices ship.

When can we expect to get the HD mycelium? I just recently discovered the benefits of using an HD wallet. Because of this I had to switch from using mycelium to another mobile wallet. I really like the mycelium UI and would like to switch back.

Thanks for your kind words and the suggestions!
I get your point with the backup. In the upcoming HD wallet, when you create the first account, you get asked whether you want a brand new master seed, or restore from a backup (either mycelium, or a wordlist, for example from a Trezor). I guess it's more clear that way.

An option allowing you to select the Change address would allow you to enter the address of an Entropy generated paper wallet whose private key has never been on an online device.

I guess it is a trade-off between keeping the app simple and eliminating an additional transaction where you sweep all your coin into a new paper wallet. This of course is an issue only for those among us who are uncomfortable reusing the same paper wallet after a Cold Storage spend.

Thank you Rassah for your reply earlier.

That makes sense. How would it send the change to a brand new paper wallet automatically, though? It seems like you'd need to print a new paper wallet with your Entropy device ahead a time, and then it would have to prompt you for the that paper wallet's public key at the time of your transaction.

What I meant to say is this: Currently Cold Storage spending sends all change back to the same paper wallet. The private key of this paper wallet has now been touched by an online device (though Mycelium have explained that their process keeps things quite safe).

My request, and I remember a similar request elsewhere in this thread, is that we be allowed to send change to a different paper wallet-- a brand new paper wallet-- whose private key has never been exposed to an online device. If this were possible, I would feel very comfortable.

Good idea. We have had the question of "how do I restore my backup" a few times. We are finishing up the HD functionality, where all addresses will be restored from a single seed, so this would be good to add as a separate specific option.


I'll let Jan comment on this one. The idea of sending change to a new Entropy wallet is an interesting one, but I don't know if that would make the cold wallet feature too complex.

It is very comforting, or it isn't very comforting? Not sure what you meant here.

This wallet app is just great. I fully expect to use it as my regular mobile wallet app. I started out using the Blockchain.info Android app but quickly realised that it was just a “window” into Blockchain’s web wallet with merely a sub-set of the features available via the web interface.

Regarding Mycelium, there are just two points I would like to make:

Firstly, a very minor observation regarding Restore of backups. While it is probably obvious to most users, some may actually be  expecting a specific “Restore” function instead of using the import private key feature in Expert mode. Note also that the text on the “Add Address or Private Key” screen does not mention anything about importing Mycelium encrypted private keys (unlike the text on the “Verify Private Key Backup” screen).

Secondly, if Mycelium feels that there is little use/demand for a Send to Multiple addresses feature, then please consider including the option to select the change address in Cold Storage spending. I realise Mycelium have great faith in the security of their cold storage spending feature and I am sure for good reason. However the idea of sending all change back to an offline generated paper wallet (using my soon to arrive Mycelium Entropy device) that has never touched an online device is very comforting.

I want to thank the Mycelium team for the support they have provided through this thread. This was a major factor in my initial decision to try out the app.

Why, they are still there on the Indiegogo page: https://www.indiegogo.com/projects/mycelium-entropy.

I missed the fundraiser but would like to buy an Entropy. I can not find those links anywhere

Local Trader still doesn't work.

Edit: Both domain and Local Trader works for me now.

Why don't you folks sign critical information with PGP? Should be rather simple, and if done right, it's quite secure.

Onkel Paul