Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15091. (Read 26713218 times)

the moon...it has mountains and valleys...who knew?

We're spoiled brats, that's what.

We got Bitcoin at record highs above $10k and anyone in Alts saw his estate rise twofold this December/January alone and you speak about a bear market?

I am confused  

The WO thread today:

I tempted to explain it as clear as possible, jojo was a bit more technical but we both kindly tried to save you from complete ignorance.
You are here from 2013 and you should at least be a bit ashamed of not knowing what a signature is, I have not any tech background but these are the bases about how our hobby works.
Hope your other hobby is not rocket-science, or you could have you burned hard soon.

LOL, "the leap of the dead cat" is also known as a "dead cat bounce" in English.

two things;

You actually think a phone is ever turned off?

And no, an online computer is no more secure than a phone...that is what the offline computer is for.

Signing, as jojo69 and erre explained, is the process of adding your key to the transaction. The key is the "owner's seal of approval" for each address that is being charged (only 1 address for the simple, most common transactions).

When you add the key, it gets mixed up with the transaction by crypto magic, so that anyone can easily check the owner's seal, without being able to look at it (in other words: unable to steal it). So a signed transaction is safe to broadcast (that's not just "send"- it's "send for the world to see").

While you sign, the key is exposed. If someone gets hold of it, they can sign any transaction in your name (with ALL your coins from that key's address). So the signing process is best done offline, in a safe box, which a phone generally isn't. What's more, if the key just lives in the phone (which it must if you can sign from it!), when the phone gets compromised you risk losing every single satoshi on it.

I do hope you are right on this since it looks like if the bears hybernate the market we are going back to 2014/15 patterns. I mean good to buy more but 2017 bull run was amazing to say the least

Bitcoin price is being manipulated indeed. I'm sure absolutely sure that the price will do what known as ''The leap of the dead cat''. That mean it will go up near the historical maximum price and then go brutally below 10K $. Meanwhile not happens, the price will oscilate between 12K and 18K$.

Nice ride dude..like the colors.


LOL'ed


Do you even bitcoin brah?

Ok, so box is just geek for computer, and broadcast is just geek for send, and signing is still a mystery to me.
We do not speak the same language obviously.
How a turned of phone is less secure than a computer that you geeks run all the time is also a mystery to me.
I have no problem what so ever with having my coins on a phone, you are just way to afraid of ghosts.

Coinomi/bither apps are a good simple way to cash your fork coins, just empty your wallets from btc before importing the private keys.

Here how a btc tx works:
When you send btc you are simply "crafting" a transaction and broadcasting it online.
For the crafting process you need a private key to "sign" a tx, in other world you need the proof that you are the owner of the coins you want to send, and you can do it by signing a message (the  tx itself) with your private key. You can do it offline, and later send the tx to the network (broadcast).
It's like a rubber stamp, you don't give the rubber stamp away with the document but only the ink stamp (the signature), and you can't reverse engeniering the key from the signature.

you can not maintain a node on an offline computer, by definition

offline box - An absolutely secure, known and trusted computing environment.  This computer NEVER touches a network.  USB sticks never go from a networked computer to this computer, only the other way around.  Most people use minimalist hardware, old socket AM2 boxes or even raspberry pi for this.  Live Linux sessions are the OS of choice...be sure to check that MD5 checksum kids.

online box - Your day to day posting on WO, reading news, email and porn box.  Assumed to be riddled with keyloggers and zero days, may even have a tiny NSA agent living inside.

signing - Verifies that the transaction in question has been authorized by your private key.  Obviously your private key is not included in a transaction.  Signing is the process whereby you demonstrate to the network that the transaction has been authorized and is in fact valid.  This is a basic function of dual key encryption.  If you don't get this you should sell your bitcoin and store your wealth in a system with a safety net.

broadcast - the process whereby the network becomes aware of the signed transaction.  The transaction data is disseminated to your peer nodes which rebroadcast it.  The aggregate unverified transactions on the network are known as the mempool.  This is the data from which each miner will select their 1MB of choice, choose a nonce and hash.


anyone who keeps more than 1 or 2 BTC on a phone...I just don't know what to say without being rude...you are playing with fire

I think we are in a bear market already. There's a feel of hybernation, of freezing winds.

not FUD anymore, but outright lying

That's why I suggested he "burns" the address completely, by sending the remains to a change address. So the security of the old key is not an issue anymore.

Well you do as you want, but I will keep my coins in my phone until the forkathon is over and then make a bunch of paper wallets for half my stash and move the other half to another Coinomi wallet. I will then use the seed from Coinomi to extract my private keys and claim all the coins that I couldn't claim in Coinomi using Bither and Bitpie instead.
Coinomi is non custodial if that makes you feel any better.
Personally I don't see how a wallet on your computer is any safer than a wallet on your phone (maybe except for a full node on an ofline computer).
It should be noted that the phone I use for crypto is only used for that and only gets started when I need to do something with my stash. On my everyday phone I have very little crypto.

very nice...good for you!