Author Topic: !!! Stupid Questions Thread !!!  (Read 154192 times)

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Offline xeroc

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Re: !!! Stupid Questions Thread !!!
« Reply #1005 on: February 26, 2017, 04:33:50 pm »
In the top navbar ypu can click your account name to unfold a dropdown that shows all accounts in your open wallet .. if you created a new wallet you can switch over in settings - wallet
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Offline Voyager_8

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Re: !!! Stupid Questions Thread !!!
« Reply #1006 on: March 04, 2017, 09:44:33 am »
Question: Openledger is a company who runs OpenLedger.info which looks same as how everything looks in the Bitshares Light client in terms of UI etc. Is the Bitshares light client just connecting to Openledger to display a UI? What happens if Openledger.info is hacked and brought down, then nobody can use their Bitshares clients anymore?

Why arent there more alternatives for 'visualising' this decentralised exchange because currently I just see some company running a website (openledger.info) which if it went down we are all screwed? Is it openledger that decides what assets to trade and display in the light client?

Thanks !

Offline George_Bitspark

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Re: !!! Stupid Questions Thread !!!
« Reply #1007 on: March 04, 2017, 09:54:49 am »
What are 'Seed nodes' ? http://status.bitsharesnodes.com/ Are these like bitcoin nodes in that they just route transactions around the network?
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Offline nmywn

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Re: !!! Stupid Questions Thread !!!
« Reply #1008 on: March 04, 2017, 07:54:16 pm »
Question: Openledger is a company who runs OpenLedger.info which looks same as how everything looks in the Bitshares Light client in terms of UI etc. Is the Bitshares light client just connecting to Openledger to display a UI? What happens if Openledger.info is hacked and brought down, then nobody can use their Bitshares clients anymore?

Why arent there more alternatives for 'visualising' this decentralised exchange because currently I just see some company running a website (openledger.info) which if it went down we are all screwed? Is it openledger that decides what assets to trade and display in the light client?

Thanks !
You have your backup. It's a key encrypted by your password. All your actions must be signed with that key. You can load that key into any wallet that runs on top of BitShares.
Openlegder's GUI, like many  web wallets is just tweaked light wallet, hosted on website. When you enter that site, you're downloading javascript code that allow you to interact with BitShares blockchain in your browser. If they're down, you can use other wallets, for example:

https://bitshares.org/wallet
https://secure.freedomledger.com
https://bit.btsabc.org

Or you can load your key into light client, which is best option imho.

There are some projects with different aproach:
https://www.btsbots.com - here you can load your key and run a trading bot, which is awesome.
https://steemit.com/bitshares/[member=43367]steemalf[/member]/microsoft-excel-openledger-dex-wallet
Totally new chinese GUI:
https://github.com/xiangxn/btsgo

More projects:
https://bitkapital.com/index.html
https://bitgate.no/
https://blockpay.ch/

Very good Android wallet: https://play.google.com/store/apps/details?id=de.bitsharesmunich.smartcoinswallet&hl=en

I would say, all above, including Openledger,  are just another doors to the same room, where all magic happen.


Offline Voyager_8

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Re: !!! Stupid Questions Thread !!!
« Reply #1009 on: March 05, 2017, 10:00:53 am »
Thanks for the reply nmywn, so looks like as you say, there are many doors into the same room and that openledger is just one of them which copies the UI of the light client.

Offline xeroc

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Re: !!! Stupid Questions Thread !!!
« Reply #1010 on: March 05, 2017, 06:57:57 pm »
What are 'Seed nodes' ? http://status.bitsharesnodes.com/ Are these like bitcoin nodes in that they just route transactions around the network?
Seed nodes are only the entrance points to the P2P network .. once you connected to the network, you build up your own database of nodes in the network and no longer need the seed nodes.
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Offline rex

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Re: !!! Stupid Questions Thread !!!
« Reply #1011 on: April 21, 2017, 10:46:05 am »
Hi Folks, I am totally new to this and maybe already to old tounderstand this stuff: I opend a account with openledger, transferred funds, backed up my wallet.
1.when  i closed the browser and return the next day to the page do I have to upoload my wallet every time? or just after transactiotions took place ?
2. and I am confused with Password and the use of these keys: ...Password to unlock my wallet ? when do i have to use the private key? and the public one?
can someone pls shed a bit of light on this for a possible better understanding what i am up to ?
thanks


Offline xeroc

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Re: !!! Stupid Questions Thread !!!
« Reply #1012 on: April 21, 2017, 11:13:51 am »
1. you wallet is stored in your browser in an encrypted form - if you come back with the same browser, you only need to provide the passphrase to unlock your account.
2. depends how you created your account. If you chose "WALLET MODE", your password is to unlock your wallet that is stored in your browser. If you chose "ACCOUNT MODE", your browser doesn't store anything, but your password is used to regenerated your private keys.

It is important to keep the *PRIVATE KEY* as private as possible!! while the public key is derived from it in a one-way-only way and can be public.
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Offline rex

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Re: !!! Stupid Questions Thread !!!
« Reply #1013 on: April 21, 2017, 11:22:53 am »
thank you xeroc
for what do I need the private key, or the public key ?
 if I have access to my wallet through a pw ?

Offline xeroc

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Re: !!! Stupid Questions Thread !!!
« Reply #1014 on: April 21, 2017, 12:03:11 pm »
thank you xeroc
for what do I need the private key, or the public key ?
 if I have access to my wallet through a pw ?
the privatekey is required to authenticate your transactions on the blockchain.
It allows you to digital signatures
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Offline nmywn

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Re: !!! Stupid Questions Thread !!!
« Reply #1015 on: April 21, 2017, 12:08:17 pm »
Public key is the safe, Private key is the key.  Anyone can see what's in the safe, but only you have private key to open it. Backup is container for your safe and key,  locked with password.

Offline rex

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Re: !!! Stupid Questions Thread !!!
« Reply #1016 on: April 21, 2017, 12:36:14 pm »
thank you nmywn,
so in the case of a backup I don't store my Value(funds) i just backup the means to access them,
conclusion: if I have a backup of my wallet it contains my PW & Private KEY, with that backup I can reload my browser (with my wallet from the chain) and from anywhere to Access my funds ....that correct ?
does this private key never Change ?

Offline nmywn

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Re: !!! Stupid Questions Thread !!!
« Reply #1017 on: April 21, 2017, 01:20:29 pm »
Download Bitshares client: bitshares.org/download and import your backup there. As an exercise. This should answer your question and give you some more confidence.
Public key is derived from Private. That pair can't change. My example is just simplification to give you idea how backup works.
Minimum backup required to get back your account is just Private key written somewhere on paper ( in case you forgot your password).
Private key is a key.

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Re: !!! Stupid Questions Thread !!!
« Reply #1018 on: April 21, 2017, 01:52:01 pm »
conclusion: if I have a backup of my wallet it contains my PW & Private KEY, with that backup I can reload my browser (with my wallet from the chain) and from anywhere to Access my funds ....that correct ?

With your backup AND your password.

You can't restore your backup without your password!

Offline rex

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Re: !!! Stupid Questions Thread !!!
« Reply #1019 on: April 21, 2017, 01:55:48 pm »
thanks a lot to everyone