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Topic: wallet help (Read 1240 times)

legendary
Activity: 1470
Merit: 1001
Use Coinbase Account almosanywhere with Shift card
October 24, 2013, 07:19:38 PM
#23
MYCELIUM Wallet for android allows you to add/delete private keys. Can scan them in from a QRcode or copy from clipboard.
newbie
Activity: 42
Merit: 0
October 24, 2013, 07:10:53 PM
#22
i recomend you think twice
before you be put your money/bitcoins to some web site


how i load cryptsy

this some 4 or 5 times
be proublum

or

1. script lags or ddos atacks any weeks some shit hapens

2. damage .dat server hosting or domain etc

3. upgrate or fix 3 or 4 hour this is minimum

4. phisical walet is beter

5. i not know combinations situations

This your energy+nervous+morale compinsations who be pay



but maybe peers broke or file damage


to much way how you lost or be use your walet

 Huh


i rusia
say you how true
legendary
Activity: 1092
Merit: 1000
nahtnam.com
October 24, 2013, 07:06:13 PM
#21
If you are new, I recommend you use coinbase, because it is very simple yet secure, and also it pays the miners fees for you if your amount sent is over 0.001 BTC. This can save you a lot of money over time. Also you send any amount (even less than the block chain minimum) to another coinbase account without fee and instantly. Finally you can easily buy bitcoins or sell them very quickly and efficiently!
legendary
Activity: 4466
Merit: 3391
October 24, 2013, 12:50:33 PM
#20
Then you should take an offline wallet.
Correct.

Well, let's be clear here. The distinction is whether or not you control the wallet (more specifically, the private keys).

If you have an inputs.io account or you have BTC at an exchange, you are storing your money in somebody else's wallet, and you are taking an unnecessary risk. If the BTC is lost or stolen, or the website goes down, then you will lose all of your money. People are constantly losing money because of this. Don't think it can't happen to you, too.

If you want a wallet that you can access from anywhere, get a blockchain.info wallet. Even though it is accessed through a website, you still have exclusive control over the wallet and the private keys.
legendary
Activity: 3472
Merit: 4801
October 24, 2013, 12:23:50 PM
#19
Then you should take an offline wallet.

Correct.

I don't think the comparison is accurate, since you can always access your wallet instead of having to go somewhere.

Ok, fine.  Give the guy on the corner a burner mobile phone.  Now you trust him to hold your $1000?

Inputs.io is really reliable and well known amongst the btc community.

Right up until it isn't.  Just like Bitcoinica, Bitfloor, Instawallet, etc.  All of them were reliable, well known, and trusted.

No matter how well known and reliable it is, it isn't immune to:

  • Human Error
  • Unexpectedly disguntled or greedy employees
  • Death of the controlling individual
  • Confiscation and seizing by governmental agencies

It also depends on the amount of btc you own. I would store 5+ BTC on a online wallet. I use inputs.io for smaller transactions only.

So, what you're saying is that you'd be ok with giving that "corner banker" $1000, but not $5000?

I just don't understand why people think a pretty web page is more trustworthy than a folding table on the corner of a street intersection?
legendary
Activity: 3472
Merit: 4801
October 24, 2013, 11:45:17 AM
#18
I would recommend inputs.io. It's a really safe wallet.

That's not a wallet.  That's a bank account.  Don't let anyone tell you differently.

If you don't have the private key, then you don't have the bitcoins.  It's as simple as that.  You have generously given away your bitcoins to a complete stranger based on a promise that they've given you that they will send those bitcoins anywhere you like anytime you like whenever you ask them to.

Imagine.  You're walking down the street with $1000 in your pocket.  You come to a corner where someone has set up a folding table and put out a sign printed on a piece of cardboard.  You're curious so you ask them what they're doing. They explain to you that they are operating a corner bank.  They tell you that if you give them all the cash in your pocket, they will hold on to it for you.  Then at any time in the future, you can just ask them to spend it for you and they will deliver the cash wherever you like.  They are not insured by the FDIC (or anyone else). They do not go through any sort of audit or submit to any oversight. You are not allowed to know how much total cash they are holding right now.

Do you hand them your $1000 and walk away, hoping that they'll still be there with their folding table tomorrow when you come back to ask for some of that cash to be sent somewhere?  If not, why would you do the same with your bitcoins?
full member
Activity: 180
Merit: 100
October 24, 2013, 07:56:54 AM
#17
blockchain is absolutely the best
sr. member
Activity: 420
Merit: 250
★☆★777Coin★☆★
October 15, 2013, 10:18:37 AM
#16
I used mostly blockchain  in start I have some problem but now all set and enjoying this and I sure its one of best wallets around here
b!z
legendary
Activity: 1582
Merit: 1010
October 15, 2013, 05:23:25 AM
#15
Personally, I use a cold wallet (paper wallet) to store the majority of my BTC. I keep the rest in an online wallet for immediate use, so I can access them quickly, no matter where I am.
full member
Activity: 195
Merit: 100
October 15, 2013, 02:55:19 AM
#14
can someone point me towards some info on wallets?
-safe and simple
-paper vs. other?

Paper wallets are very secure if created on offline computer. Make sure you test how paper wallets works with very small amounts first, just in case  Smiley
legendary
Activity: 1456
Merit: 1081
I may write code in exchange for bitcoins.
October 15, 2013, 02:49:47 AM
#13
MultiBit works nicely for me.

I like the plain old Satoshi client as well.  The only problem there was downloading the entire blockchain was a bitch.
sr. member
Activity: 406
Merit: 286
Neptune, Scalable Privacy
October 14, 2013, 04:22:50 PM
#12
Use a paper wallet to sit on and use a web wallet (blockchain.info) for transactions. And then accumulate bitcoins on your paper wallet. There is no reason to use a desktop wallet in my opinion.
legendary
Activity: 3472
Merit: 4801
October 14, 2013, 04:19:31 PM
#11
I dont believe there is much difference if you have the private key together with online wallet operator, because the online wallet can transfer the funds anytime leaving you with private key to 0 ballance. There must be big trust to online wallet operator, eighter input.io or blockchain.info if you want keep coin there

blockchain.info does not have your unencrypted private key, nor do they have the password necessary to decrypt your private key.  Therefore, they cannot "transfer the funds anytime leaving you with private key to 0 ballance".

If you don't have the private key, then you don't have bitcoins.  All you have is a promise from some unknown person that they will allow you to spend their bitcoins.

If you and someone else both have the private key, then you at least have control over the bitcoins while they are associated with that key.  You have shared ownership and can send them anywhere you like any time you like as long as the other owner doesn't send them first.  But you have to trust that the other owner won't steal from you or release the private key to others.

The best wallets are the ones where you have sole control of the private keys.  The wallets that I'm aware of that fit this description are:

Armory
Bitcoin-Qt
Electrum
MultiBit
blockchain.info

If you know of any others, let me know and I'll consider adding them to my list in the future.
full member
Activity: 129
Merit: 100
October 14, 2013, 04:12:44 PM
#10
I dont believe there is much difference if you have the private key together with online wallet operator, because the online wallet can transfer the funds anytime leaving you with private key to 0 ballance. There must be big trust to online wallet operator, eighter input.io or blockchain.info if you want keep coin there
legendary
Activity: 3472
Merit: 4801
October 14, 2013, 04:00:26 PM
#9
This is a good point, but I think it applies to most online wallets, correct?

Correct.  Which is why blockchain.info is the only web hosted solution that I'm aware of that I'd be willing to call a "wallet".

It certainly applies to any site, like the gambling sites, where you choose to keep a balance or the trading sites like Mt Gox or Bitstamp.

Agreed, which is why you should not store any more at any of those sites than you absolutely must to accomplish your goal.  Furthermore, you should be financially, mentally, and emotionally prepared to have the entire balance that you store at any of those sites simply vanish in the blink of an eye.  If you feel it would be devastating to lose the amount that you've stored there, then you should have that much there to start with.

Regardless caution is always warranted. 

Absolutely

My concern with inputs.io is not so much that the owner isn't trustworthy, he's more walking up to a big imposing building

A big imposing building suggests an investment of several million dollars in establishing a presence.  It is very difficult for a building to simply vanish in the blink of an eye.  It is also very difficult to purchase a big imposing building without leaving a significant paper trail that would subject you to capture and prosecution if you should fail to deliver on the contracts that you issue.

I just don't see that sort of investment or permanence in a website like inputs.io.  A website (like a folding table on the corner) can easily vanish in the blink of an eye and tracing and prosecuting the owner of the site can be extremely difficult.
legendary
Activity: 1022
Merit: 1000
October 14, 2013, 03:49:42 PM
#8
inputs.io (online)

That's not a wallet.  That's a bank account.  Don't let anyone tell you differently.

If you don't have the private key, then you don't have the bitcoins.  It's as simple as that.  You have generously given away your bitcoins to a complete stranger based on a promise that they've given you that they will send those bitcoins anywhere you like anytime you like whenever you ask them to.

Imagine.  You're walking down the street with $1000 in your pocket.  You come to a corner where someone has set up a folding table and put out a sign printed on a piece of cardboard.  You're curious so you ask them what they're doing. They explain to you that they are operating a corner bank.  They tell you that if you give them all the cash in your pocket, they will hold on to it for you.  Then at any time in the future, you can just ask them to spend it for you and they will deliver the cash wherever you like.  They are not insured by the FDIC (or anyone else). They do not go through any sort of audit or submit to any oversight. You are not allowed to know how much total cash they are holding right now.

Do you hand them your $1000 and walk away, hoping that they'll still be there with their folding table tomorrow when you come back to ask for some of that cash to be sent somewhere?  If not, why would you do the same with your bitcoins?

This is a good point, but I think it applies to most online wallets, correct?  It certainly applies to any site, like the gambling sites, where you choose to keep a balance or the trading sites like Mt Gox or Bitstamp.

Regardless caution is always warranted. 

My concern with inputs.io is not so much that the owner isn't trustworthy, he's more walking up to a big imposing building than a guy with a card table on the corner, but that so many inputs.io users want an email address rather than a btc address.

Good Luck and welcome!
legendary
Activity: 3472
Merit: 4801
October 14, 2013, 11:29:46 AM
#7
inputs.io (online)

That's not a wallet.  That's a bank account.  Don't let anyone tell you differently.

If you don't have the private key, then you don't have the bitcoins.  It's as simple as that.  You have generously given away your bitcoins to a complete stranger based on a promise that they've given you that they will send those bitcoins anywhere you like anytime you like whenever you ask them to.

Imagine.  You're walking down the street with $1000 in your pocket.  You come to a corner where someone has set up a folding table and put out a sign printed on a piece of cardboard.  You're curious so you ask them what they're doing. They explain to you that they are operating a corner bank.  They tell you that if you give them all the cash in your pocket, they will hold on to it for you.  Then at any time in the future, you can just ask them to spend it for you and they will deliver the cash wherever you like.  They are not insured by the FDIC (or anyone else). They do not go through any sort of audit or submit to any oversight. You are not allowed to know how much total cash they are holding right now.

Do you hand them your $1000 and walk away, hoping that they'll still be there with their folding table tomorrow when you come back to ask for some of that cash to be sent somewhere?  If not, why would you do the same with your bitcoins?
sr. member
Activity: 434
Merit: 250
October 13, 2013, 08:35:33 PM
#6
can someone point me towards some info on wallets?
-safe and simple
-paper vs. other?

I'd like to have 2...one for sitting on and one to use for learning how to do transactions.

inputs.io (online)
bitcoin-qt (download)

Those 2 are good.
hero member
Activity: 602
Merit: 500
October 13, 2013, 05:53:57 PM
#5
Always search up a issue before opening another thread about it.
member
Activity: 118
Merit: 10
October 13, 2013, 05:29:14 PM
#4
can someone point me towards some info on wallets?
-safe and simple
-paper vs. other?

I'd like to have 2...one for sitting on and one to use for learning how to do transactions.


You can do both with armory client
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