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A hardware wallet is going to be... tricky. If you want to use the convenience of account names rather than opaque public keys, I think you would need the hardware wallet to validate the entire blockchain (or at least block headers the same way a lightweight client would).
Quote from: testz on September 13, 2014, 05:20:46 pmQuote from: MeTHoDx on September 13, 2014, 04:34:44 pmGoogle Authenticator is a 2FA option but if you lose your phone you'll never be able to log in again so it's not a very practical solution.Using 2FA without backup 2FA security key it's a bad idea, I use WinAuth for this, and can always restore 2FA on new phone, or pass 2FA using code from WinAuth.can you expand please?
Quote from: MeTHoDx on September 13, 2014, 04:34:44 pmGoogle Authenticator is a 2FA option but if you lose your phone you'll never be able to log in again so it's not a very practical solution.Using 2FA without backup 2FA security key it's a bad idea, I use WinAuth for this, and can always restore 2FA on new phone, or pass 2FA using code from WinAuth.
Google Authenticator is a 2FA option but if you lose your phone you'll never be able to log in again so it's not a very practical solution.
Quote from: xeroc on September 13, 2014, 03:26:22 pmQuote from: bitsharesrussia on September 13, 2014, 02:35:28 pmcold storgae is great but defeats the point of yield ofcourse..... then again if i take my dosh and burry in under the ground on an isalnd i wont get yield too.... in any case i think that 2FA is a great idea. Is there a way to put 2FA into the programm (ofcourse for those who want it)/ Id go further an implement an email request after 2FA like on btc-e right nowIt's not gonna work with 2FA .. because the system needs to check the token against their "database" which forces the database to be available for the wallet and thus if you computer is hacked you will also loose the database with the 2fac tokens ..Is there a system similar to 2FA based on blockchain tech? Or at least email notices would be great (again, if an owner wishes)
Quote from: bitsharesrussia on September 13, 2014, 02:35:28 pmcold storgae is great but defeats the point of yield ofcourse..... then again if i take my dosh and burry in under the ground on an isalnd i wont get yield too.... in any case i think that 2FA is a great idea. Is there a way to put 2FA into the programm (ofcourse for those who want it)/ Id go further an implement an email request after 2FA like on btc-e right nowIt's not gonna work with 2FA .. because the system needs to check the token against their "database" which forces the database to be available for the wallet and thus if you computer is hacked you will also loose the database with the 2fac tokens ..
cold storgae is great but defeats the point of yield ofcourse..... then again if i take my dosh and burry in under the ground on an isalnd i wont get yield too.... in any case i think that 2FA is a great idea. Is there a way to put 2FA into the programm (ofcourse for those who want it)/ Id go further an implement an email request after 2FA like on btc-e right now
It's better to have a custom Trezor or hardware wallet. This way you can make transactions, vote for delegates, but not store your private keys on your computer.
I was the victim of a rather large btc heist. Once bitten twice shy.I would love to throw some serious coin at btsx, but until cold storage or Bitshares answer to armory comes along I just cant do it.Too stressful holding the coins online.If you have not been a victim of a crypto hack, then you just dont realize how easy and painful they are.Judging by the other posts in this thread, paper wallets while not the sexiest thing in the world could be a real short/easy step to another doubling of market cap.I would love to push the dev team in that direction. Anyone else?
Quote from: bitmarket on September 13, 2014, 04:58:49 amI was the victim of a rather large btc heist. Once bitten twice shy.I would love to throw some serious coin at btsx, but until cold storage or Bitshares answer to armory comes along I just cant do it.Too stressful holding the coins online.If you have not been a victim of a crypto hack, then you just dont realize how easy and painful they are.Judging by the other posts in this thread, paper wallets while not the sexiest thing in the world could be a real short/easy step to another doubling of market cap.I would love to push the dev team in that direction. Anyone else?Yes, me. Cold storage is a very important feature.
Something similar to bitaddress for creating paper wallets (any bitAsset... imagine having a mix of BTSX/bitUSD/bitGLD in the safe) would be a great short-term solution.I have many of the same concerns as CLains and in fact have had password trouble already. Very, very stressful.As BTSX appreciates in value these concerns will become more and more pressing.Dev team definitely is going to need a few clones.
Yes, valid points. Assets in cold storage would have to be rotated periodically.A watch-only set up would not really work because a transaction needs to be made.This is going to need to be addressed before serious money starts to move in.A permanent hot wallet is not going to cut it for any substantial amount of wealth.Hate to see it go third party/centralized/fee based. ie. SecureCo charging fees slightly less than inactivity.
Quote from: OldMan on September 12, 2014, 04:26:29 pmWould love to take 80-90% of my holdings offline for next two or three years.not recommended due to:- missed yield (1 year max)- inactivity fee of 5% every year after 365 days
Would love to take 80-90% of my holdings offline for next two or three years.
Quote from: OldMan on September 12, 2014, 03:02:20 pmQuote from: xeroc on September 12, 2014, 02:41:08 pmQuote from: CLains on September 12, 2014, 02:37:52 pm1. I forget/lose my password.2. I lose my wallet/PC crashes.3. The download was malicious.4. The download was intercepted.5. Keylogger records my password.So we need a dedicated device to handle your private key which can be backuped with a seed .. pretty much a bitcoinTreZor for BitShares :-)We are still some months away from that (really nice) solution :-(But it should be able to develop this more quickly when compared to bitcoin .. bigger parts of the source code are already availableSomething similar to bitaddress for creating paper wallets (any bitAsset... imagine having a mix of BTSX/bitUSD/bitGLD in the safe) would be a great short-term solution.I have many of the same concerns as CLains and in fact have had password trouble already. Very, very stressful.As BTSX appreciates in value these concerns will become more and more pressing.Dev team definitely is going to need a few clones.Best solution: buy a dedicated laptop running Linux and only use it to run the BitShares X app. If this can be done with a live boot even better.
Quote from: xeroc on September 12, 2014, 02:41:08 pmQuote from: CLains on September 12, 2014, 02:37:52 pm1. I forget/lose my password.2. I lose my wallet/PC crashes.3. The download was malicious.4. The download was intercepted.5. Keylogger records my password.So we need a dedicated device to handle your private key which can be backuped with a seed .. pretty much a bitcoinTreZor for BitShares :-)We are still some months away from that (really nice) solution :-(But it should be able to develop this more quickly when compared to bitcoin .. bigger parts of the source code are already availableSomething similar to bitaddress for creating paper wallets (any bitAsset... imagine having a mix of BTSX/bitUSD/bitGLD in the safe) would be a great short-term solution.I have many of the same concerns as CLains and in fact have had password trouble already. Very, very stressful.As BTSX appreciates in value these concerns will become more and more pressing.Dev team definitely is going to need a few clones.
Quote from: CLains on September 12, 2014, 02:37:52 pm1. I forget/lose my password.2. I lose my wallet/PC crashes.3. The download was malicious.4. The download was intercepted.5. Keylogger records my password.So we need a dedicated device to handle your private key which can be backuped with a seed .. pretty much a bitcoinTreZor for BitShares :-)We are still some months away from that (really nice) solution :-(But it should be able to develop this more quickly when compared to bitcoin .. bigger parts of the source code are already available
1. I forget/lose my password.2. I lose my wallet/PC crashes.3. The download was malicious.4. The download was intercepted.5. Keylogger records my password.
Yes, this. BTSX is still a high-risk investment. It is true that many wealthy investors became that way by betting big and winning big. But you will find that the wealthiest investors always, always hedge.There will be at least one more big BTC pump; Wall Street and private capital won't pass up the opportunity. OpenBazaar may also have a substantial impact on market cap.So perhaps it is wise to hold a percentage of the crypto portfolio in BTC through BTSX's infancy. If the stars align, BTC will add a zero or two just in time for BTSX to find its legs.Once BTSX is more stable/resilient/liquid profits from BTC can be secured in BTSX or other bitAssets.Should BTSX fail for some unforeseen reason at least the investor has some crypto-holdings to fall back on.My $.02 bitUSD.
this summer
Quote from: CLains on September 12, 2014, 12:40:42 pmNobody is going to input a password into a client they downloaded and then put all their savings into that Bank. There needs to be a lot of focus on private security if we want people to use BitShares X as a bank.we could force the user to print out a backup sheet paper which states the private code of their account key in QR code, HEX format and WIF format ... possibly BIP38 encrypted ..
Nobody is going to input a password into a client they downloaded and then put all their savings into that Bank. There needs to be a lot of focus on private security if we want people to use BitShares X as a bank.
Quote from: merockstar on September 11, 2014, 05:28:35 pmI'm torn on this subject. I am holding like 1/4 of my crypto in bitcoin and alts. Lately I've been thinking about cashing out to supplement my btsx, or maybe to invest a little extra in music.I was also thinking about buying some PTS, and waiting until the next big snapshot announcement and selling off before the snapshot while the price is high.but it's hard to leave all these alts, because I know from experience that a rising bitcoin tides carries all boats. All the main cryptos are going to bubble up the next big bitcoin snowball, and it's anybodies guess which will be the most profitable. Remember 25 dollar LTC?It's also hard to leave bitcoin. I know it has a future, there's billions invested in it. There's an ETF in the works. The price is inevitably still going to rise.so divided.Stay divided (diversified). It's the smart play.
I'm torn on this subject. I am holding like 1/4 of my crypto in bitcoin and alts. Lately I've been thinking about cashing out to supplement my btsx, or maybe to invest a little extra in music.I was also thinking about buying some PTS, and waiting until the next big snapshot announcement and selling off before the snapshot while the price is high.but it's hard to leave all these alts, because I know from experience that a rising bitcoin tides carries all boats. All the main cryptos are going to bubble up the next big bitcoin snowball, and it's anybodies guess which will be the most profitable. Remember 25 dollar LTC?It's also hard to leave bitcoin. I know it has a future, there's billions invested in it. There's an ETF in the works. The price is inevitably still going to rise.so divided.
I have been diversified to every shitcoin that was coming out and obviously lost...I have then decided that I should just stick with the only coin that has some economic fundamentals... Today I just sold my last NXTs which I bought when it was at 60-70 mil market cap (I am pretty sure NXT will double by tomorrow...)
so .. what will happen to POS altcoins ... peercoin/peershare ... mintpal .. blackcoin?! ... medium term??
I got out of Bitcoin many months ago.I only use them to get into and out of BTSX, when needed, holding them for as short a time as possible.I did take a significant flyer on Ether genesis, hoping to possibly duplicate the significant profit we got from getting in on the BTSX genesis block, but I'm not holding my breath, and expect to move all that back to BTSX, as soon as I can, for as long as ether is pushing towards mining/POW.
same here ... it's a shame I have an EMPTY metallic trezor lying around :-)
haha ya I think for many of us portfolio diversification went right out the window
Quote from: MrJeans on September 11, 2014, 07:12:59 amhaha ya I think for many of us portfolio diversification went right out the windowDiversification seems like a reasonably good idea... until you find the gold mine. Then you sell all of your belongings and continue digging {is mining a good term in this regard?}.
Quote from: bitsharesrussia on September 11, 2014, 06:25:45 amQuote from: donkeypong on September 10, 2014, 11:48:20 pmQuestion for the BitShares faithful: Is anyone still holding Bitcoin or other cryptos? Why? And if so, what percentage of your crypto assets are you holding outside of BitShares? I hold bitBTC. Also have some coins that i believe will soon have a god rise (short term investment). The only other coin i hold for long apart from btsx is Devcoin
Quote from: donkeypong on September 10, 2014, 11:48:20 pmQuestion for the BitShares faithful: Is anyone still holding Bitcoin or other cryptos? Why? And if so, what percentage of your crypto assets are you holding outside of BitShares? I hold bitBTC. Also have some coins that i believe will soon have a god rise (short term investment). The only other coin i hold for long apart from btsx is Devcoin
Question for the BitShares faithful: Is anyone still holding Bitcoin or other cryptos? Why? And if so, what percentage of your crypto assets are you holding outside of BitShares?
Betamax is, in theory, a superior recording format over VHS due to resolution (250 lines vs. 240 lines), slightly superior sound, and a more stable image; Betamax recorders were also of higher quality construction. But these differences were negligible to consumers, and thus did not justify either the extra cost of a Betamax VCR (which was often significantly more expensive than a VHS equivalent) or Betamax's shorter recording time.
Question for the BitShares faithful: Is anyone still holding Bitcoin or other cryptos? Why? And if so, what percentage of your crypto assets are you holding outside of BitShares? I sold all my junk coins for AGS and PTS. Since BTSX has come out, I realize that I've done what was once unthinkable: sold out (almost entirely) of Bitcoin. I just have nickels and dimes remaining in my BTC wallets at this point. So I would say that 99% of my crypto 'portfolio' is now in BTSX, a little BitUSD, and other BitShares commitments. Am I wrong to believe in this so strongly? I don't think so. Every dime I keep in Bitcoin is one dime that won't double, triple, or tentuple nearly as fast as it should in BitShares. Yes, there are risks, but as long as you are in crypto, risks are par for the course. I'm not interested in balancing or diversifying anymore; this is not money I need to eat or pay the mortgage. The (very realistically possible) potential rewards here vastly exceed anything else.
Question for the BitShares faithful: Is anyone still holding Bitcoin or other cryptos? Why? And if so, what percentage of your crypto assets are you holding outside of BitShares? I sold all my junk coins for AGS and PTS. Since BTSX has come out, I realize that I've done what was once unthinkable: sold out (almost entirely) of Bitcoin. I just have nickels and dimes remaining in my BTC wallets at this point. So I would say that 99% of my crypto 'portfolio' is now in BTSX, a little BitUSD, and other BitShares commitments. Am I wrong to believe in this so strongly? I don't think so. Every dime I keep in Bitcoin is one dime that won't double, triple, or tentuple nearly as fast as it should in BitShares. Yes, there are risks, but as long as you are in crypto, risks are par for the course. The (very realistically possible) potential rewards here vastly exceed anything else.