Topic: New Ixcoin fork -> I0coin - page 36. (Read 217119 times)
"I forgot my password: the system is not user-friendly"
@Joulesbeef
Done w/ extra.
@Kano,I guess we have a difference of opinion then since I said nothing about "bypassing security".I simply mentioned about "password recovery".Considering if the Wallet.dat can hold the encryption with your password surely a password recovery can also be implemented within said system and still be considered secured.I also haven't heard seen a lot people complain to banks about such a system.
What is ultimately the point of Bitcoin as system if it is not user friendly to the mainstream user.It's like basically saying you lost your wallet so tough shit.
Done w/ extra.
@Kano,I guess we have a difference of opinion then since I said nothing about "bypassing security".I simply mentioned about "password recovery".Considering if the Wallet.dat can hold the encryption with your password surely a password recovery can also be implemented within said system and still be considered secured.I also haven't heard seen a lot people complain to banks about such a system.
What is ultimately the point of Bitcoin as system if it is not user friendly to the mainstream user.It's like basically saying you lost your wallet so tough shit.
I have the feeling that you don't understand how encryption works or the purpose of it as a whole. Do some research first and you'll see that the password itself is not embedded, so to speak, anywhere in the file. I have my entire hard drive encrypted and if I forget the passphrase (20+ characters, strong mix), ALL is lost forever. That's the point.
Difficulty just dropped to 2675!
Are miners leaving?
Are miners leaving?
At the current difficulty (3115) is it worth while to solo mine?
That depends on your hardware. You will get the same amount of coins over time as with a pool, but the variance will be decreased.
If you are going to get a block once every week on average, you might actually get four in one week and none for three weeks. (And of course difficulty could change in that one month period.)
A hash computation is like going and buying a lottery ticket and letting the computer pick the random numbers. More tickets you buy, greater your odds of winning.
A mining pool is everyone "buying" tickets as fast as they can as a group and splitting the proceeds.
With ~2500Mhash/s?
At current difficulty level, solo mining is practical and your variance will probably be measured over days. It's when it's weeks or months that it gets... very frustrating.
At the current difficulty (3115) is it worth while to solo mine?
That depends on your hardware. You will get the same amount of coins over time as with a pool, but the variance will be decreased.
If you are going to get a block once every week on average, you might actually get four in one week and none for three weeks. (And of course difficulty could change in that one month period.)
A hash computation is like going and buying a lottery ticket and letting the computer pick the random numbers. More tickets you buy, greater your odds of winning.
A mining pool is everyone "buying" tickets as fast as they can as a group and splitting the proceeds.
With ~2500Mhash/s?
Just mine bitcoin. i0coin isn't more profitable than bitcoin at this point. If you really want i0coins just mine bitcoin and buy i0.
At the current difficulty (3115) is it worth while to solo mine?
That depends on your hardware. You will get the same amount of coins over time as with a pool, but the variance will be decreased.
If you are going to get a block once every week on average, you might actually get four in one week and none for three weeks. (And of course difficulty could change in that one month period.)
A hash computation is like going and buying a lottery ticket and letting the computer pick the random numbers. More tickets you buy, greater your odds of winning.
A mining pool is everyone "buying" tickets as fast as they can as a group and splitting the proceeds.
With ~2500Mhash/s?
@Joulesbeef
Done w/ extra.
@Kano,I guess we have a difference of opinion then since I said nothing about "bypassing security".I simply mentioned about "password recovery".Considering if the Wallet.dat can hold the encryption with your password surely a password recovery can also be implemented within said system and still be considered secured.I also haven't heard seen a lot people complain to banks about such a system.
What is ultimately the point of Bitcoin as system if it is not user friendly to the mainstream user.It's like basically saying you lost your wallet so tough shit.
Done w/ extra.
@Kano,I guess we have a difference of opinion then since I said nothing about "bypassing security".I simply mentioned about "password recovery".Considering if the Wallet.dat can hold the encryption with your password surely a password recovery can also be implemented within said system and still be considered secured.I also haven't heard seen a lot people complain to banks about such a system.
What is ultimately the point of Bitcoin as system if it is not user friendly to the mainstream user.It's like basically saying you lost your wallet so tough shit.
Technically since "Joulesbeef" was accurate in "keep trying" he won the bounty
I didnt really help much though, but i figured you might have forgotten a capitalized letter and while it is nearly impossible to brute force a password when you know nothing about what it might be, it isnt that hard to brute force a password if you are yourself and know it can only be of a few combinations. I have a btc addy below if you want to donate some chicken funds. I am running quite low.
I didnt really help much though, but i figured you might have forgotten a capitalized letter and while it is nearly impossible to brute force a password when you know nothing about what it might be, it isnt that hard to brute force a password if you are yourself and know it can only be of a few combinations. I have a btc addy below if you want to donate some chicken funds. I am running quite low.
Any reputable encryption system by design cannot be broken without the appropriate passphrase or multiple-factor authentication.
The purpose of encrypting your wallet is to protect your coins from thieves. You think a "forgot my password" feature is a good idea?
Technically since "Joulesbeef" was accurate in "keep trying" he won the bounty.
On topic,for anything that has to deal with replacing anything else as a base for monetary value,absolutely.Keeping your money safe is important but having access to it is even more so,do you disagree ?
In fact it is EXACTLY the same as a Swiss bank account where you must know the account number or you cannot get the money ... (well like the ones in the movies anyway
The point of the wallet is the same:
If you lose your wallet (and don't have another copy of it) you forever lose you current balance.
However the reverse is also true if you haven't encrypted your wallet: if ANYONE gets even a copy of your wallet they can take all your coins.
However:
If you can bypass the security without the password then ANYONE else can do that also.
If you don't like that - then seriously, Bitcoins are not for you.
... and they allow what banks want but cannot have: complete security.
What you're saying doesn't make any sense,encryption is not the only thing that is important.It is like having an employer that pays you only via direct deposit and your bank says whoops just because you lost your password you can't have access to your account,are you serious ?
The bank does verification for password recovery much differently. Your computer doesn't have a slot for you to insert your driver's license, social security card, and three utility bills to prove control of address...
And even if it did, that would mean _YOUR_ computer had all the information needed to bypass your forgotten password. Which is just fine... until a hacker steals your computer or otherwise defeats its security mechanism. This is why if a hacker can break into your bank -EVERYONE- who banks there can be fucked.
Any reputable encryption system by design cannot be broken without the appropriate passphrase or multiple-factor authentication.
The purpose of encrypting your wallet is to protect your coins from thieves. You think a "forgot my password" feature is a good idea?
Technically since "Joulesbeef" was accurate in "keep trying" he won the bounty.
On topic,for anything that has to deal with replacing anything else as a base for monetary value,absolutely.Keeping your money safe is important but having access to it is even more so,do you disagree ?
What you're saying doesn't make any sense,encryption is not the only thing that is important.It is like having an employer that pays you only via direct deposit and your bank says whoops just because you lost your password you can't have access to your account,are you serious ?
Any reputable encryption system by design cannot be broken without the appropriate passphrase or multiple-factor authentication.
The purpose of encrypting your wallet is to protect your coins from thieves. You think a "forgot my password" feature is a good idea?
At the current difficulty (3115) is it worth while to solo mine?
That depends on your hardware. You will get the same amount of coins over time as with a pool, but the variance will be decreased.
If you are going to get a block once every week on average, you might actually get four in one week and none for three weeks. (And of course difficulty could change in that one month period.)
A hash computation is like going and buying a lottery ticket and letting the computer pick the random numbers. More tickets you buy, greater your odds of winning.
A mining pool is everyone "buying" tickets as fast as they can as a group and splitting the proceeds.
At the current difficulty (3115) is it worth while to solo mine?
WARNING: If you encrypt your wallet and lose your passphrase, you will
LOSE ALL OF YOUR I0COINS!
Are you sure you wish to encrypt your wallet?
...
I can't see how this could be made more clear. If it's possible to recover the passphrase, what good is the encryption at all?
You are assuming I saw that.I am guessing I wasn't able to see the warning due to a slower desktop when I was testing Cat 11.8 and pressed enter too many times.LOSE ALL OF YOUR I0COINS!
Are you sure you wish to encrypt your wallet?
...
I can't see how this could be made more clear. If it's possible to recover the passphrase, what good is the encryption at all?
What you're saying doesn't make any sense,encryption is not the only thing that is important.It is like having an employer that pays you only via direct deposit and your bank says whoops just because you lost your password you can't have access to your account,are you serious ?
The whole point of these alternate currencies are to replace THAT system......including Bitcoin,or am I mistaken ?
I can't see how this could be made more clear. If it's possible to recover the passphrase, what good is the encryption at all?
Hey, back when hitting Escape got you past the Windows login dialogue box, I couldn't get anyone to understand that concept...
Can't exactly say I'm surprised people still seem to think there's an equivalent to hitting escape to reverse strong encryption.
WARNING: If you encrypt your wallet and lose your passphrase, you will
LOSE ALL OF YOUR I0COINS!
Are you sure you wish to encrypt your wallet?
...
I can't see how this could be made more clear. If it's possible to recover the passphrase, what good is the encryption at all?
LOSE ALL OF YOUR I0COINS!
Are you sure you wish to encrypt your wallet?
...
I can't see how this could be made more clear. If it's possible to recover the passphrase, what good is the encryption at all?
^^Damn,that's definitely not good.I had quite a few coins in there that I had mined earlier as well.
I was under the impression that since the network can communicate and add coins to the wallet even though encrypted and not needing a password that the passphrase was recoverable for your wallet if encrypted.
I was under the impression that since the network can communicate and add coins to the wallet even though encrypted and not needing a password that the passphrase was recoverable for your wallet if encrypted.
Coins can be sent to addresses already encoded in your wallet whether you can read your wallet or not.
Unless you can decrypt and read your wallet, you will not be able to spend any coins locked by the keys stored in your wallet.
it's designed to keep people who dont know your passphrase out.. and think of a huge titanium safe and you forgot the combo
and actually that is easier to get into but the point is, you arent going to find that phrase
just keep trying
and actually that is easier to get into but the point is, you arent going to find that phrase
just keep trying
^^Damn,that's definitely not good.I had quite a few coins in there that I had mined earlier as well.
I was under the impression that since the network can communicate and add coins to the wallet even though encrypted and not needing a password that the passphrase was recoverable for your wallet if encrypted.
I was under the impression that since the network can communicate and add coins to the wallet even though encrypted and not needing a password that the passphrase was recoverable for your wallet if encrypted.
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