Wallet for bounty | Bitcointalksearch.org

boranes

sr. member

Activity: 644

Merit: 253

Change Your Worlds Build a New Era!

Quote from: batang_bitcoin on November 07, 2017, 05:35:57 PM

[2] As most of the ICOs are scams and it's not really worth to put that much money. If you are planning to spend big amount on ICO's better forget that plan and go with bitcoin.

Excuse me, but where did you read I need investment opinion? Where did I said that?

Quote from: batang_bitcoin on November 07, 2017, 05:35:57 PM

[3] Just like in bitcoin, it's better to scatter most of your token's / alt coins and don't store it on a single place cos' an attack might happen and you can lose all of them and that's a really sad thing if it will happen.

I asked WHY and your answer is "it's better to scatter then store" Huh

What kind of attack can happen?

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But the decision still goes to you, these are guidelines so that our life will become safer and easier.

Why do you keep repeating word "decision"?
Question was very simple.

@bitsat

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because if by mistake you enter private key then..

I thought it was because of this, but I was curious maybe someone knows something more or any other technical reason.
Locking this topic.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: boranes on November 07, 2017, 12:06:08 PM

I've read this in bounty topic and I couldn't find anything about it:

Quote

General Guidelines for Wallets and using them in Bounties

1. Never put your private key in the spreadsheet, instead only use the public key.
2. Never use the wallet you use to store your investments for Bounties.
3. Never use the same wallet for more than one project if you are using it for Bounties.
4. Do not use exchange wallets or any third party wallets.

Can anyone explain 2 and 3?
Why is it not safe to use the same wallet for bounties?

[2] As most of the ICOs are scams and it's not really worth to put that much money. If you are planning to spend big amount on ICO's better forget that plan and go with bitcoin.
[3] Just like in bitcoin, it's better to scatter most of your token's / alt coins and don't store it on a single place cos' an attack might happen and you can lose all of them and that's a really sad thing if it will happen.
But the decision still goes to you, these are guidelines so that our life will become safer and easier.

BitSat

sr. member

Activity: 700

Merit: 251

Quote from: boranes on November 07, 2017, 12:06:08 PM

I've read this in bounty topic and I couldn't find anything about it:

Quote

General Guidelines for Wallets and using them in Bounties

1. Never put your private key in the spreadsheet, instead only use the public key.
2. Never use the wallet you use to store your investments for Bounties.
3. Never use the same wallet for more than one project if you are using it for Bounties.
4. Do not use exchange wallets or any third party wallets.

Can anyone explain 2 and 3?
Why is it not safe to use the same wallet for bounties?

Its just guideline for users nothing else because if by mistake you enter private key then some one can steal this all and its can create problems for you better try to use myetherwallet for bounties and put your investments in other wallets I am personally using just one address for some time and never have any problem with this

olushakes

sr. member

Activity: 476

Merit: 254

Quote from: boranes on November 07, 2017, 12:06:08 PM

I've read this in bounty topic and I couldn't find anything about it:

Quote

General Guidelines for Wallets and using them in Bounties

1. Never put your private key in the spreadsheet, instead only use the public key.
2. Never use the wallet you use to store your investments for Bounties.
3. Never use the same wallet for more than one project if you are using it for Bounties.
4. Do not use exchange wallets or any third party wallets.

Can anyone explain 2 and 3?
Why is it not safe to use the same wallet for bounties?

In my opinion, I think the crux of what its being said there is to avoid compromise because if you have your investment and bounties in the same wallet if by mistake you compromise the private key which then everything is gone. Also, using the same wallets for several projects still boils down to compromise because I personally would not subscribe to opening several ETH accounts because I want to participate in bounties of several ETH tokens which after it has been distributed, you will need minimum balance in your ETH wallet yo transfer to whatever exchange site you want to use.

boranes

sr. member

Activity: 644

Merit: 253

Change Your Worlds Build a New Era!

I've read this in bounty topic and I couldn't find anything about it:

Quote

General Guidelines for Wallets and using them in Bounties

1. Never put your private key in the spreadsheet, instead only use the public key.
2. Never use the wallet you use to store your investments for Bounties.
3. Never use the same wallet for more than one project if you are using it for Bounties.
4. Do not use exchange wallets or any third party wallets.

Can anyone explain 2 and 3?
Why is it not safe to use the same wallet for bounties?

Topic: Wallet for bounty (Read 179 times)