Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17620.

Mervyn_Pumpkinhead

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Activity: 876

Merit: 1000

Quote from: Elwar on March 13, 2017, 06:53:12 AM

Can I use ETH or Dash at these useful sites?
Buy items on Amazon

http://www.purse.io

Send SEPA transfers

http://www.bitwa.la

Buy airplane tickets

http://www.cheapair.com

Hotel rental

http://www.expedia.com

Video game purchases

http://www.steampowered.com

Buy and sell bitcoins locally

http://www.localbitcoins.com

Gift cards for hundreds of places

http://www.gyft.com

Gift cards for hundreds of places

http://www.egifter.com

More gift cards

http://www.cardpool.com

Gift cards for other countries

http://giftoff.com/

Domain and hosting service

http://www.namecheap.com

hosting service

http://www.bitronictech.net

Food delivery site

http://www.takeaway.com

Bitcoin debit card

http://www.bit-x.com

Prepaid cell phone refiller

http://www.bitrefill.com

Pay bills in EU

https://cashila.com
Pay bills in Australia
https://www.livingroomofsatoshi.com

No, because no one in their right mind uses crypto for it's utility other then gambling by trading Cheesy

Only the religious people, or poor people, whose only wealth is in crypto are actually paying for things in BTC. One of the important rules with crypto is that never believe your own bullshit sales pitches Tongue

All the cryptos are currently pretty useless outside of speculative play.
Maybe in the future, we will have a crypto, that is convenient enough to actually be used a practical form of payment!

I have hoped for many years already.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: stompix on March 13, 2017, 06:55:14 AM

If it dies in a ditch by the road and you're lucky it might bloom into a beautifull bitcoin tree from the seeds in it.

I will plant this money tree and become rich.

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

Quote from: Killerpotleaf on March 12, 2017, 09:46:02 PM

The Bears will come.

[...]

QUICK!!! KILL IT WITH FIRE!!! BEFORE IT LAYS EGGS!!!

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: Elwar on March 13, 2017, 05:48:21 AM

With the hardware wallets like Trezor, I would just ask. What happens when my Trezor dies down the road and the company that creates them no longer exists? Is there a way to recover my bitcoins from the seed in such a case?

If it dies in a ditch by the road and you're lucky it might bloom into a beautifull bitcoin tree from the seeds in it.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: Mervyn_Pumpkinhead on March 13, 2017, 06:40:53 AM

Quote from: becoin on March 13, 2017, 06:17:59 AM

Quote from: Mervyn_Pumpkinhead on March 13, 2017, 06:12:24 AM

You guys are still excited about a crypto, that has risen less then 10% in the past 3 years.. extremely interesting things going on with ETH and DASH, and the same faces are still here, still hoping for a miracle... religious people are weird...

As soon as pumps on those altcoins finish dump will start and bitcoin will shoot up!

One can hope.. but even if it happens, then people will still probably make less in a year with BTC then people with ETH and DASH made in a week.. but.. at least everyone are happy and excited..? :/

Can I use ETH or Dash at these useful sites?
Buy items on Amazon

http://www.purse.io

Send SEPA transfers

http://www.bitwa.la

Buy airplane tickets

http://www.cheapair.com

Hotel rental

http://www.expedia.com

Video game purchases

http://www.steampowered.com

Buy and sell bitcoins locally

http://www.localbitcoins.com

Gift cards for hundreds of places

http://www.gyft.com

Gift cards for hundreds of places

http://www.egifter.com

More gift cards

http://www.cardpool.com

Gift cards for other countries

http://giftoff.com/

Domain and hosting service

http://www.namecheap.com

hosting service

http://www.bitronictech.net

Food delivery site

http://www.takeaway.com

Bitcoin debit card

http://www.bit-x.com

Prepaid cell phone refiller

http://www.bitrefill.com

Pay bills in EU

https://cashila.com
Pay bills in Australia
https://www.livingroomofsatoshi.com

becoin

legendary

Activity: 3431

Merit: 1233

Quote from: Mervyn_Pumpkinhead on March 13, 2017, 06:40:53 AM

Quote from: becoin on March 13, 2017, 06:17:59 AM

Quote from: Mervyn_Pumpkinhead on March 13, 2017, 06:12:24 AM

You guys are still excited about a crypto, that has risen less then 10% in the past 3 years.. extremely interesting things going on with ETH and DASH, and the same faces are still here, still hoping for a miracle... religious people are weird...

As soon as pumps on those altcoins finish dump will start and bitcoin will shoot up!

One can hope.. but even if it happens, then people will still probably make less in a year with BTC then people with ETH and DASH made in a week.. but.. at least everyone are happy and excited..? :/

Eth fork is a scam pumped up by banks. Better invest in eth classic if want to have eth exposure as investor.

Mervyn_Pumpkinhead

legendary

Activity: 876

Merit: 1000

Quote from: becoin on March 13, 2017, 06:17:59 AM

Quote from: Mervyn_Pumpkinhead on March 13, 2017, 06:12:24 AM

You guys are still excited about a crypto, that has risen less then 10% in the past 3 years.. extremely interesting things going on with ETH and DASH, and the same faces are still here, still hoping for a miracle... religious people are weird...

As soon as pumps on those altcoins finish dump will start and bitcoin will shoot up!

One can hope.. but even if it happens, then people will still probably make less in a year with BTC then people with ETH and DASH made in a week.. but.. at least everyone are happy and excited..? :/

becoin

legendary

Activity: 3431

Merit: 1233

Quote from: Mervyn_Pumpkinhead on March 13, 2017, 06:12:24 AM

You guys are still excited about a crypto, that has risen less then 10% in the past 3 years.. extremely interesting things going on with ETH and DASH, and the same faces are still here, still hoping for a miracle... religious people are weird...

As soon as pumps on those altcoins finish dump will start and bitcoin will shoot up!

becoin

legendary

Activity: 3431

Merit: 1233

Quote from: Elwar on March 13, 2017, 05:48:21 AM

With the hardware wallets like Trezor, I would just ask. What happens when my Trezor dies down the road and the company that creates them no longer exists? Is there a way to recover my bitcoins from the seed in such a case?

Just keep your 24 words seed safe! You can use dozen of other HD HW wallets or other BIP 39 and BIP 44 compliant solutions to recover your privkey as long as you have those 24 words.

Mervyn_Pumpkinhead

legendary

Activity: 876

Merit: 1000

You guys are still excited about a crypto, that has risen less then 10% in the past 3 years.. extremely interesting things going on with ETH and DASH, and the same faces are still here, still hoping for a miracle... religious people are weird...

olseh

jr. member

Activity: 128

Merit: 9

Quote from: Elwar on March 13, 2017, 05:48:21 AM

With the hardware wallets like Trezor, I would just ask. What happens when my Trezor dies down the road and the company that creates them no longer exists? Is there a way to recover my bitcoins from the seed in such a case?

Yep, you don't need to recover your seed in another Trezor, you can use something like Mycelium to do the same

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

With the hardware wallets like Trezor, I would just ask. What happens when my Trezor dies down the road and the company that creates them no longer exists? Is there a way to recover my bitcoins from the seed in such a case?

r0ach

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Activity: 1260

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Quote from: bitserve on March 13, 2017, 12:44:06 AM

I bought a few of these:
http://insidebitcoins.com/wp-content/uploads/2015/05/cryptosteelfeaturedimgbitcoinist1-640x480.jpg

I'll buy a steel physical private key wallet as soon as someone manages to get bitcoin over 4 TPS. Until that happens, I'm not sure if it feels right trying to secure Bitcoin against Noah's flood and nuclear attacks.

BTCtrader71

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Activity: 784

Merit: 1001

Quote from: Elwar on March 13, 2017, 12:37:04 AM

I verified that the private keys were legit on a cheap laptop that I never connected to the Internet. I then pulled the hard drive and destroyed it down to tiny pieces. I will be burning the rest of the laptop in a fire just to be sure.

You can do that with a ledger s nano, no need to sacrifice a laptop.
1. Set it up, and record the 24 words in cryptosteel.
2. Write down the first receipt address.
3. Wipe the ledger.
4. Go to recovery mode and re-enter the 24 words.
5. Check to make sure the first receipt address is the same. If it is, you know you've recorded them in cryptosteel without error.

You can do something similar with a Trezor but you have to type the words into a connected laptop. If compromised, the bad guys will know your 24 words (although they won't know which order to put them which means they won't be stealing your coins). It's the one thing that ledger has over Trezor.

If you really want to stick with Trezor, I'd say it's worth getting a nano just so you can verify the 24 words.

bitserve

legendary

Activity: 1932

Merit: 1610

Self made HODLER ✓

Elwar, I have been reading a bit more about that "Case" hardware wallet. Definitely it's something I wouldn't recommend:

It uses a multisignature requiring two of three keys, one is the case itself, another one is stored in their servers, and the third one is in a vault they have.

So... They are in possesion of two of the two needed keys to access the funds. That's a no-no. I supposse I don't need to explain why.

That is unless you opted to be the own in custody of the third key (as you should):

Quote

Who holds the third key?

During first time setup for the device, you can choose where you want your recovery key stored. The default option is to store it in a secure vault operated by Third Key Solutions. If you wish to store your own third key, you will be prompted during the setup flow to scan the public key of your recovery private key. Please note that you will be responsible for signing a transaction with this private key if your device is lost or stolen, and we recommend this only as an advanced option for expert users.

Really, recover that 1btc and buy a proper hardware wallet. Play with it and then I bet you will like it as much as I do now

bitserve

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Self made HODLER ✓

Quote from: Elwar on March 13, 2017, 12:48:23 AM

Quote from: bitserve on March 13, 2017, 12:44:06 AM

I supposse you use it for storing the seed/s of a hardware wallet and not for using ever in a software wallet, right?

I'm not very sold on the whole hardware wallet concept. Especially after my Case wallet didn't work as I had hoped. I have the seed but am not sure how I would get my bitcoin back.

I have always relied upon just storing the full private key (mixed in a way that only I know).

I also was skeptical until a few weeks ago that I started doing my research and was sold on the concept. And now that I have personally tested it, I am more than sold.

I didn't know about that hardware wallet you have, but I don't see any signs of a scam, so sure it must be something that can be solved.

First, that hardware is different than Trezor/Ledger in that it seems to use some sort of multisignature:

Quote

Case is extremely secure because it is built on top of a multi-signature, multi-factor architecture with no single point of failure. Your bitcoin wallet has three keys and two of them are needed to complete a transaction. One key is embedded on the device so it is secured by the possession factor. No one can gain access to this key without having possession of the device. However, this key isn’t enough to complete a transaction. A second key is stored on our servers and transactions are only signed by the server key if the fingerprint scan is a match so this key is secured by a biometric factor. That means even if your device is lost or our servers are compromised, your bitcoins are safe. A third key sits in an offline vault and is only used if you ever lose your Case to help you recover your bitcoins.

So, I am not sure if I would recommend a device like that (sound too cumbersome... I want to control the seed MYSELF) but it looks like there are ways for you to recover your bitcoin. In the worst case they say they have "a third key in their offline vault".

Maybe you should recover that bitcoin and invest 10% of it in a proper hardware wallet

Elwar

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Viva Ut Vivas

Quote from: bitserve on March 13, 2017, 12:44:06 AM

I supposse you use it for storing the seed/s of a hardware wallet and not for using ever in a software wallet, right?

I'm not very sold on the whole hardware wallet concept. Especially after my Case wallet didn't work as I had hoped. I have the seed but am not sure how I would get my bitcoin back.

I have always relied upon just storing the full private key (mixed in a way that only I know).

bitserve

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Self made HODLER ✓

Quote from: Elwar on March 13, 2017, 12:37:04 AM

I am not so sure about this one. I put 1 bitcoin on it last year, checked it later and never saw the bitcoin.

You say you put 1 bitcoin and never saw the bitcoin and your not sure so about it?

I would be soooooo fucking sure if that happened to me.

bitserve

legendary

Activity: 1932

Merit: 1610

Self made HODLER ✓

Quote from: Elwar on March 13, 2017, 12:37:04 AM

Quote from: gembitz on March 12, 2017, 07:26:02 PM

Quote from: marcus_of_augustus on March 12, 2017, 07:05:42 PM

Quote from: spiderbrain on March 12, 2017, 06:35:13 PM

I think a factor in the high price is that people who thought it would be safer to wait until an ETF was available to get in because of institutional protection, their lack of tech knowledge, whatever, have realised they don't get that luxury and have starting buying directly. This is a bit of a silk road v2 situation IMO, everyone thought the value was due to X and then X vanishes and it retains the value = collect jaw drop and then FOMO.

Yup. Hardware wallets are selling out fast.

Why use an ETF when you can hodl your bitcoins at home on a Trezor? (If you can find one to buy).

^paper wallets a thing of the past? :\

I bought a few of these:

I am quite impressed.

Dude tries to destroy one:
https://www.youtube.com/watch?v=u1hLFsBuDT0

That's one of my next buys... I find it quite expensive for what it "does" though. I mean I can engrave the seed on some metal plate myself. But the coolness factor of cryptosteel is impressive

I supposse you use it for storing the seed/s of a hardware wallet and not for using ever in a software wallet, right?

Elwar

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Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: gembitz on March 12, 2017, 07:26:02 PM

Quote from: marcus_of_augustus on March 12, 2017, 07:05:42 PM

Quote from: spiderbrain on March 12, 2017, 06:35:13 PM

I think a factor in the high price is that people who thought it would be safer to wait until an ETF was available to get in because of institutional protection, their lack of tech knowledge, whatever, have realised they don't get that luxury and have starting buying directly. This is a bit of a silk road v2 situation IMO, everyone thought the value was due to X and then X vanishes and it retains the value = collect jaw drop and then FOMO.

Yup. Hardware wallets are selling out fast.

Why use an ETF when you can hodl your bitcoins at home on a Trezor? (If you can find one to buy).

^paper wallets a thing of the past? :\

I bought a few of these:

I am quite impressed.

Dude tries to destroy one:
https://www.youtube.com/watch?v=u1hLFsBuDT0

I verified that the private keys were legit on a cheap laptop that I never connected to the Internet. I then pulled the hard drive and destroyed it down to tiny pieces. I will be burning the rest of the laptop in a fire just to be sure.

I also bought a Case hardware wallet.

I am not so sure about this one. I put 1 bitcoin on it last year, checked it later and never saw the bitcoin.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17620. (Read 26713296 times)