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08-10-2021, 05:45 AM
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#3376 | | Where's my RS Christmas Lobster?!
Join Date: Sep 2002 Location: PoCo
Posts: 803
Thanked 1,232 Times in 197 Posts
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| Quote:
Originally Posted by mikemhg  Why would someone use an exchange over themselves?
I guess in case their PC/Phone crashes, it's an external source to access their funds? | Probably people that are new or don't have a lot invested in crypto?
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08-10-2021, 10:46 AM
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#3377 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,734
Thanked 792 Times in 394 Posts
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| Quote:
Originally Posted by donk. 5. Exchanges shut down when the owners "die" and millions are lost
6. Once you lose your keys on many exchanges, GG
6.1 Many exchanges, once you break your phone, and the 2FA can only be verified by the original phone, your entire account is gone.
7. 0 security, its the wild wild west for getting your coins stolen
8. Transfers sometimes take up to several days to process
9. The majority of coins, are shitcoins, just like the stonk market, theres way more people losing money, than making it | get a hard wallet.....people need to learn this.
i've been very lax in getting mine set up but atleast i have one. just need to move everything over
plus with options line wealthsimple you can now buy at alot of the coins most people will have heard of. pretty safe bet i would have to think buying and storing on there (WS won't let you move your coins it seems, that's why i only put in a $1000 then i realized this)
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08-10-2021, 11:55 AM
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#3378 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 13,278
Thanked 33,647 Times in 7,944 Posts
Failed 226 Times in 174 Posts
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What’s the negative of having it in your wealthsimple and not being able to move it? Seems like it’s a secure way to have it. I have very little understanding of it, not trying to debate it just genuinely curious what you mean?
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
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08-10-2021, 12:16 PM
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#3379 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,868
Thanked 7,950 Times in 3,736 Posts
Failed 1,510 Times in 648 Posts
| Quote:
Originally Posted by westopher What’s the negative of having it in your wealthsimple and not being able to move it? Seems like it’s a secure way to have it. I have very little understanding of it, not trying to debate it just genuinely curious what you mean? | Not your keys not your coin. If wealth simple ever goes down you lose all your crypto, but I don't think that's going to happen with them.
One problem I had with Wealth simple is they didn't have limit orders so you could not set a price. Just checked the app and it looks like they now have limit orders. Great news!!!
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Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
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08-10-2021, 02:27 PM
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#3380 | | in the butt
Join Date: Aug 2016
Posts: 2,985
Thanked 3,843 Times in 1,385 Posts
Failed 190 Times in 103 Posts
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People are cheap
why am i gonna pay 200$ for a wallet when this exchange does it for free
Cue exchange going down
Dont know if hard wallets now accept shitcoins, i rememeber when the first nanos came out, it was like btc, eth, and maybe 10 other coins
bro i cant store my moonsafe and shibainu in there its garbage
__________________ Quote:
Originally Posted by Mr.Money
i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?
Originally Posted by BIC_BAWS
pretty clean looking car tho... Kinda gay
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08-10-2021, 04:31 PM
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#3381 | | My homepage has been set to RS
Join Date: Mar 2004 Location: East Van
Posts: 2,160
Thanked 854 Times in 422 Posts
Failed 22 Times in 18 Posts
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I still don't have a hard wallet because I literally cannot wrap my head around them. Bad, I know. Is it just storing the code of my coins?
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08-10-2021, 05:19 PM
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#3382 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,483
Thanked 3,359 Times in 1,479 Posts
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Your hardware wallet has crypto addresses with a private key that is secured by a seed phrase.
In order for someone to obtain your crypto they have to either physically obtain access to your hardware wallet and unlock it or they somehow have your seed phrase due to lack of proper handling.
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | |
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08-10-2021, 05:42 PM
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#3383 | | Willing to sell body for a few minutes on RS
Join Date: Jul 2001 Location: Cloverdale
Posts: 11,597
Thanked 3,825 Times in 1,357 Posts
Failed 83 Times in 42 Posts
| Quote:
Originally Posted by Razor Ramon HG Your hardware wallet has crypto addresses with a private key that is secured by a seed phrase.
In order for someone to obtain your crypto they have to either physically obtain access to your hardware wallet and unlock it or they somehow have your seed phrase due to lack of proper handling. | The youtouber Stevewilldoit had his bitcoin stolen by a hacker fairlyrecently, was probably a pretty significant amount. He said it was theough his phone, maybe they got the seed phrase?
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“The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I don´t care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. That´s how winning is done. Now, if you know what you worth, go out and get what you worth.” - Rocky Balboa | |
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08-10-2021, 08:02 PM
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#3384 | | I only answer to my username, my real name is Irrelevant!
Join Date: Oct 2002 Location: CELICAland
Posts: 25,676
Thanked 10,394 Times in 3,917 Posts
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Ur hardware wallet, if its your phone, shouldn't be your daily use phone, cuz it's prone to hacks, or even accidentally losing/breaking it
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08-10-2021, 08:04 PM
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#3385 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,868
Thanked 7,950 Times in 3,736 Posts
Failed 1,510 Times in 648 Posts
| Quote:
Originally Posted by StylinRed Ur hardware wallet, if its your phone, shouldn't be your daily use phone, cuz it's prone to hacks, or even accidentally losing/breaking it | If your phone breaks you can restore your wallet on another phone with your phrase keys.
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Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
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08-10-2021, 08:07 PM
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#3386 | | I only answer to my username, my real name is Irrelevant!
Join Date: Oct 2002 Location: CELICAland
Posts: 25,676
Thanked 10,394 Times in 3,917 Posts
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Oh that's cool, I used to keep a wallet thru my phone, but I've switched to just cashing out often, so there hasn't been a point, but had been meaning to keep an actual hardware wallet
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08-10-2021, 09:19 PM
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#3387 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,868
Thanked 7,950 Times in 3,736 Posts
Failed 1,510 Times in 648 Posts
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Originally Posted by StylinRed Oh that's cool, I used to keep a wallet thru my phone, but I've switched to just cashing out often, so there hasn't been a point, but had been meaning to keep an actual hardware wallet | Why are you cashing out? price has still a long way to go up. Hodlgang!!!
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Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
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08-10-2021, 10:02 PM
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#3388 | | Hacked RS to become a mod
Join Date: Feb 2002 Location: Sunny Hong Kong
Posts: 54,126
Thanked 25,123 Times in 8,757 Posts
Failed 1,552 Times in 700 Posts
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I think people are getting exchanges and wallets mixed up
Unless mining yourself, you have to use an exchange to ... exchange your currency to bitcoin
The key is to not keep it there for savings or spending. Transfer to a wallet for that.
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08-11-2021, 09:33 AM
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#3389 | | I contribute to threads in the offtopic forum
Join Date: Jun 2013 Location: Burnaby
Posts: 2,524
Thanked 2,987 Times in 803 Posts
Failed 412 Times in 112 Posts
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I never understood how the 24 word seed phrase worked for my ledger nano.
If I lose my ledger, I just have to buy another ledger and input the 24 seed phrase and my wallet is restored?
If so, can't a bot just input random 24 word seed phrases all day until something hits?
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08-11-2021, 11:22 AM
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#3390 | | My dinner reheated before my turbo spooled
Join Date: Apr 2005 Location: Vancouver
Posts: 1,771
Thanked 582 Times in 173 Posts
Failed 54 Times in 23 Posts
| Quote:
Originally Posted by PeanutButter I never understood how the 24 word seed phrase worked for my ledger nano.
If I lose my ledger, I just have to buy another ledger and input the 24 seed phrase and my wallet is restored?
If so, can't a bot just input random 24 word seed phrases all day until something hits? | Quantum Computing could do it.
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08-11-2021, 11:23 AM
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#3391 | | My dinner reheated before my turbo spooled
Join Date: Apr 2005 Location: Vancouver
Posts: 1,771
Thanked 582 Times in 173 Posts
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Originally Posted by Manic! Why are you cashing out? price has still a long way to go up. Hodlgang!!! | Yea!!! dont sell yet. ETH is on the rise!!!!
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08-11-2021, 11:27 AM
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#3392 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,483
Thanked 3,359 Times in 1,479 Posts
Failed 246 Times in 65 Posts
| Quote:
Originally Posted by PeanutButter I never understood how the 24 word seed phrase worked for my ledger nano.
If I lose my ledger, I just have to buy another ledger and input the 24 seed phrase and my wallet is restored?
If so, can't a bot just input random 24 word seed phrases all day until something hits? | Your seed phrase is selected out of a pool of 2048 words. So not only do they have to get the 24 words right, they have to put it in the correct order.
If someone accesses your wallet by guessing your seed phrase or a bot brute forced it, it was probably meant to be.
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | |
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08-11-2021, 11:43 AM
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#3393 | | I STILL don't get it
Join Date: Feb 2004 Location: Vancouver
Posts: 464
Thanked 262 Times in 83 Posts
Failed 116 Times in 33 Posts
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might cop an EtherRock
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real recognize real.
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08-11-2021, 12:30 PM
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#3394 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,868
Thanked 7,950 Times in 3,736 Posts
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Copied from reddit. Quote:
Seed phrases use the BIP39 standard which has 2048 words.
Since the order of the words matters we are looking for permutations not combinations.
Number of permutations for 12 words seed:5,271,537,971,301,488,476,000,309,317,528,177 ,868,800
Number of permutations for 24 word seed:25,892,008,055,647,378,700,916,274,834,106,65 1,525,738,683,598,033,725,572,049,016,676,308,484, 096,000,000
Source:https://www.calculator.net/permutati...alculator.html |
__________________
Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
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08-12-2021, 02:35 PM
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#3395 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,734
Thanked 792 Times in 394 Posts
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Originally Posted by Manic! Copied from reddit. | that's a lot of permutations.....
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08-13-2021, 12:18 PM
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#3396 | | I contribute to threads in the offtopic forum
Join Date: Jun 2013 Location: Burnaby
Posts: 2,524
Thanked 2,987 Times in 803 Posts
Failed 412 Times in 112 Posts
| https://finance.yahoo.com/news/carda...183159575.html
WHATTT???
Cardano Smart Contracts coming Sep 12? No way!
I'm not going to believe it until I see it.
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08-13-2021, 12:32 PM
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#3397 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,483
Thanked 3,359 Times in 1,479 Posts
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ADA is my best performing crypto this year by far. 
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | |
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08-13-2021, 10:48 PM
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#3398 | | I contribute to threads in the offtopic forum
Join Date: Jun 2013 Location: Burnaby
Posts: 2,524
Thanked 2,987 Times in 803 Posts
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Ok, let's see how this goes.
Cardano Smart Contracts are coming Sept 12, 2021.
Just bought 1200 ADA at $2.12 USD, let's see if I can ride this momentum into September for a nice little flip. I'll update in a month.
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08-13-2021, 10:54 PM
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#3399 | | I contribute to threads in the offtopic forum
Join Date: Aug 2002 Location: Vancouver
Posts: 2,641
Thanked 634 Times in 260 Posts
Failed 12 Times in 9 Posts
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Hodling my ADA bags since 2018....
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08-14-2021, 08:56 AM
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#3400 | | I contribute to threads in the offtopic forum
Join Date: Jun 2013 Location: Burnaby
Posts: 2,524
Thanked 2,987 Times in 803 Posts
Failed 412 Times in 112 Posts
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Originally Posted by BlackV62K2 Hodling my ADA bags since 2018.... | Sigh, the good ol days when ADA was $0.03.
I wish I invested more!
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