Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 638. (Read 4670673 times)

Quote from: smooth on March 16, 2016, 06:36:54 AM

Guys, i would have a technical question.
Is a newly generated wallett in 0.91 fully encrypted Roll Eyes

Yes assuming you use a password (ideally a good one).

Okidoki, thanks Grin

I would suggest

Code:

abc123

as a password. It's a good one. Wink

In all seriousness you can make a password REALLY long (like 100+ random characters) and just recover with your seed words instead as needed.

If you want to use your password in the future of course you need to actually record it.

This is not quite true any more. You will recover your coins, but the wallet data file now contains logging data about your transactions along with your per-tx keys (which can be used to prove payment) so you should now keep that file safe, and probably back it up. These can not be recovered even with the seed words.

But like I said, you can still always recover your coins with just the seed words.

That's pretty much the same as Bitcoin, right? If you have your private key, you can always recover your coins but with your wallet.dat you'll get the metadata such as labels on keys or transactions.

Similar, yes. The idea of metadata as opposed to coin recovery is the same. The main thing that is different here is that the metadata includes the tx private keys (for transactions you made). Those don't exist in Bitcoin and are needed if you ever have to prove that you made a payment.

canth

legendary

Activity: 1442

Merit: 1001

Quote from: XMRpromotions on March 16, 2016, 06:23:38 AM

Quote from: phishead on March 16, 2016, 12:32:08 AM

Guys, i would have a technical question.
Is a newly generated wallett in 0.91 fully encrypted Roll Eyes

Yes assuming you use a password (ideally a good one).

Okidoki, thanks Grin

I would suggest

Code:

abc123

as a password. It's a good one. Wink

In all seriousness you can make a password REALLY long (like 100+ random characters) and just recover with your seed words instead as needed.

If you want to use your password in the future of course you need to actually record it.

This is not quite true any more. You will recover your coins, but the wallet data file now contains logging data about your transactions along with your per-tx keys (which can be used to prove payment) so you should now keep that file safe, and probably back it up. These can not be recovered even with the seed words.

But like I said, you can still always recover your coins with just the seed words.

That's pretty much the same as Bitcoin, right? If you have your private key, you can always recover your coins but with your wallet.dat you'll get the metadata such as labels on keys or transactions.

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

Quote from: bitebits on March 15, 2016, 04:11:30 PM

Support the Monero network by hiring a pre-installed full node for just 4$ / month

I might be interested, but to be frank... I'm still trying to set up my computer to run Linux. I haven't had much time to mess with it, but when I do I'd be willing to pay for it and use that.

Cool, just let me know.

You (or anyone else) still have five days to decide before the node expires. So you can buy more time setting up your own node by extending the current one for a month Wink

.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: dealeris on March 16, 2016, 12:24:59 AM

Hello, Guys,

I'm looking for major XMR holders for the purpose of doing OTC(over the counter) deals to acquire this currency without moving market prices at exchanges.
I'll start buying April/May on behalf of my clients and continue to do so for at least a year.

If you are interested, send me a pm or an email, with these details:
Minimum amount i could buy from you, maximum amount i could buy in one operation, your preferred payment method and how to get in touch with you.

You probably have better luck asking in our speculation thread:

https://bitcointalk.org/index.php?topic=753252.14840

There is also #monero-otc on freenode.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: XMRpromotions on March 16, 2016, 06:23:38 AM

Guys, i would have a technical question.
Is a newly generated wallett in 0.91 fully encrypted Roll Eyes

Yes assuming you use a password (ideally a good one).

Okidoki, thanks Grin

I would suggest

Code:

abc123

as a password. It's a good one. Wink

In all seriousness you can make a password REALLY long (like 100+ random characters) and just recover with your seed words instead as needed.

If you want to use your password in the future of course you need to actually record it.

This is not quite true any more. You will recover your coins, but the wallet data file now contains logging data about your transactions along with your per-tx keys (which can be used to prove payment) so you should now keep that file safe, and probably back it up. These can not be recovered even with the seed words.

But like I said, you can still always recover your coins with just the seed words.

XMRpromotions

sr. member

Activity: 336

Merit: 250