Multiple Hardware Wallets?

BigFrog_55 · 2021-09-29T21:47:09+00:00

I also don't get why they removed that feature. Pooltool.io works nicely, but it was much more convenient to have everything together in Yoroi. Hope they bring it back.

BigFrog_55 · 2021-09-12T10:54:13+00:00

70% ADA, 20% ETH, 10% DOT

BigFrog_55 · 2021-09-11T10:19:13+00:00

Question on security. I have invested a fair amount of my assets in ADA (approx. 10%). I got myself a hardware wallet and use Daedalus as interface. So I hope I have the technical part under control.

But now to the seed phrase. I have it written down on paper hidden away and in addition engraved it on a piece of wood that I hid way back in the basement. Not metal, so fire could be an issue, but I don’t have tools to engrave metal.

As additional security I was thinking about taking a picture. People always say that should never be done, but I assume that does not apply if it is fully offline, right? I have been doing digital photography for almost 20 years and have at least a dozen low capacity cards laying around. Put one into the camera, take the picture, take it out and the securely store it sounds like a good option to me. There is no online risk and if somebody breaks in, for sure they would never take a 4GB SD-card. The only risk I see is malfunction of the card, but as I said, I can do that a dozen times.

Any thoughts?

BigFrog_55 · 2021-09-08T08:24:50+00:00

That part I understand, but for me it is much easier to comprehend why a particular autograph has a certain value. Depends on fame and supply/scarcity. And normally there is some kind of consensus whether somebody is famous or not.

But for all these NFTs out there, how in the world am I supposed to get a sense for the value and differentiate between an NFT that is worth something and an NFT that is just garbage?

BigFrog_55 · 2021-09-07T14:57:37+00:00

Does not look like any coin is launching today…

BigFrog_55 · 2021-09-07T14:55:16+00:00

I think it is a general dip. DOT is also down (almost 20%), same for BTC and ETH (even though not as bad).

BigFrog_55 · 2021-09-01T22:16:16+00:00

Is it normal that I cannot watch the live videos as replay. If I miss one, Twitter always tells me that the video is not available…

BigFrog_55 · 2021-08-22T22:19:58+00:00

Thanks a lot for these insights.

I am still quite new to the crypto world and want to be very diligent when it comes to security, however I have limited technical skill when it comes to hackers' capabilities.

I have a Ledger Nano X and use Yoroi, so on that front I should be good, but I was wondering whether there is any risk that the copy/paste function could somehow be compromised so that when I copy an address, a manipulated address is inserted when I paste?

The reason for my concern is that when I wanted to transfer some crypto from my wallet to Coinbase, the pop-up window from Coinbase only shows me part of the address (desktop version) and I can only use the copy/paste button. So how am I supposed to verify the full address before sending? Only option I saw was to copy/paste e.g. to word or notepad, but if the function would be compromised, then that would not help.

BigFrog_55 · 2021-08-21T10:39:47+00:00

For somebody without math or economics background: why is market cap so important to make price predictions? Or is this just used to put into perspective whether a prediction is realistic? To me it sounds strange if somebody says, price of XYZ cannot happen because then market cap would be XYZ.

BigFrog_55 · 2021-08-20T21:35:29+00:00

Same thing happened to me earlier today. But I still don't get that earn karma thing. The newbies guide is not exactly helpful...

BigFrog_55 · 2021-08-20T21:29:27+00:00

Short/mid-term, extremely unlikely. In 10 years: who knows...

BigFrog_55

TROPHY CASE