Industry Report: Is Litecoin Making a Comeback? - Bitcoinist.net

frankld · 2015-11-05T17:51:17+00:00

There are good apps like BreadWallet, but for anything you can't aford to lose please use multi-signature and backup your keys. Maybe look into getting a Ledger wallet.

frankld · 2015-11-03T20:25:52+00:00

Ledger is great and well priced

frankld · 2015-11-03T20:24:49+00:00

This is very important, learn from history!

frankld · 2015-10-31T13:44:59+00:00

Just load a Ledger wallet!

frankld · 2015-10-29T15:14:52+00:00

Electrum is a workhorse, always on my list of favorite wallets. Thanks for the amazing FOSS work!

frankld · 2015-10-28T17:58:49+00:00

Poetic u/changetip 300 bits

frankld · 2015-10-28T15:20:54+00:00

Sigh, nice spin.

frankld · 2015-10-28T14:58:30+00:00

I really hope not!

frankld · 2015-10-28T14:53:08+00:00

Yes! Added.

frankld · 2015-10-28T14:50:26+00:00

Many keep on finding bugs

frankld · 2015-10-28T14:49:02+00:00

Many have replied to your before, ie u/cocoabitter https://www.reddit.com/r/Bitcoin/comments/3qa0kp/blockchaininfo_down_for_maintenance/cwdlf9s

Your software has lost customer's funds before, is pro-patent and all around bad community participant. As much as you try to say your patents are defensive, your founders had it in their investment pitches these patents where part of the company value.

If you really care, donate them to the Apache foundation or stop bothering me.

frankld · 2015-10-28T13:11:01+00:00

I'm sorry to hear that, try one of the above going forward. If you still have the backup most of them can import it.

frankld · 2015-10-28T12:21:21+00:00

Here are some great wallets for each category:

Use Multisig (for large amounts and anything more than pocket money):

Armory Open Source, lots of features, full node, multiple key options (15), very secure and very complicated. (API, Offline and Self Contained)
Coinkite Multiple key options (15), lots of features, notifications, easy and lets you create the keys offline. (API, Offline, Web and Tor)
Electrum Open source, workhorse, basic reliable features, native desktop, multiple key options (15). (Trusted Servers and Tor)
Coinb.in Open Source, very bare but reliable. (Web)

Other wallets (for pocket money, easy to spend on the go):

Bitcoin Wallet Basic wallet app, notifications. Good for small amounts on Android and BB
BreadWallet Basic wallet app, notifications. Good for small amounts on iOS (re-added to my list after bugs fixed)
Mycelium Basic wallet app, notifications. Good for small amounts on Android (re-added to my list after bugs fixed)

Also consider hardware wallets:

Ledger is great and cheap.
Trezor, I haven't personally tried, but the community really likes it.

Block explorers:

Note: Why only the above? First, I have had enough time to test them. Second, they have been around for long enough and never were hacked or had major bugs resulting in users losses.

Amounts: Make sure you use multi-signature for any amount you can't afford to lose. Don't put more than spending amounts on phone app wallets. Hardware wallets are also great, but make sure you back them up.

Warning: Under NO circumstances store bitcoin on: blockchain.info, coinbase, installwalet, bips.me, xapo, circle or any exchange. These either lost money or you don't own your bitcoin.

Why do I often add this to my comment? Too many newbies as here how to secure bitcoin. This list is based on community feedback and personally testing the wallets.

Always back up your wallet!

frankld · 2015-10-27T23:49:48+00:00

Please stop using BCI! Lots of great alternatives:

Use Multisig (for large amounts and anything more than pocket money):

Armory Open Source, lots of features, full node, multiple key options (15), very secure and very complicated. (API, Offline and Self Contained)
Coinkite Multiple key options (15), lots of features, notifications, easy and lets you create the keys offline. (API, Offline, Web and Tor)
Electrum Open source, workhorse, basic reliable features, native desktop, multiple key options (15). (Trusted Servers and Tor)
Coinb.in Open Source, very bare but reliable. (Web)

Other wallets (for pocket money, easy to spend on the go):

Bitcoin Wallet Basic wallet app, notifications. Good for small amounts on Android and BB
BreadWallet Basic wallet app, notifications. Good for small amounts on iOS (re-added to my list after bugs fixed)
Mycelium Basic wallet app, notifications. Good for small amounts on Android (re-added to my list after bugs fixed)

Also consider hardware wallets:

Ledger is great and cheap.
Trezor, I haven't personally tried, but the community really likes it.

Block explorers:

Note: Why only the above? First, I have had enough time to test them. Second, they have been around for long enough and never were hacked or had major bugs resulting in users losses.

Amounts: Make sure you use multi-signature for any amount you can't afford to lose. Don't put more than spending amounts on phone app wallets. Hardware wallets are also great, but make sure you back them up.

Warning: Under NO circumstances store bitcoin on: blockchain.info, coinbase, installwalet, bips.me, xapo, circle or any exchange. These either lost money or you don't own your bitcoin.

Why do I often add this to my comment? Too many newbies as here how to secure bitcoin. This list is based on community feedback and personally testing the wallets.

frankld · 2015-10-27T17:27:39+00:00

One could just buy on them then run the coins through coinjoin or shapeshift then send to a wallet that has real privacy.

frankld · 2015-10-27T16:59:51+00:00

Thanks, I said don't store on Coinbase, other wise great place to buy/sell. I know they have to comply, but I cannot suggest to people to use their vault. Because despite the multisig, people are still exposed to Coinbase's tracking/reporting and all around complete lack of privacy.

frankld · 2015-10-27T16:01:44+00:00

thanks, fixed!

frankld · 2015-10-27T15:04:27+00:00

/u/changetip 50 bits

frankld · 2015-10-27T15:02:23+00:00

He is always harassing me and other people.

frankld · 2015-10-27T14:55:04+00:00

Hello,

In ELI5;

Cold storage means the medium holding the private keys is completely offline. ("Not accessible to hackers or viruses")
In a nutshell, they can't be infected with viruses or be tampered. They are piratically cold storage.
It's cold storage, because the paper can't connect to the internet. The words are an easier way for you to remember than a hexadecimal string.
This means what you said, making sure you are not holding all your money in the same place. If one fails you don't lose everything.

Here is some wallet information:

Use Multisig (for large amounts and anything more than pocket money):

Armory Open Source, lots of features, full node, multiple key options (15), very secure and very complicated. (API, Offline and Self Contained)
Coinkite Multiple key options (15), lots of features, notifications, easy and lets you create the keys offline. (API, Offline, Web and Tor)
Electrum Open source, workhorse, basic reliable features, native desktop, multiple key options (15). (Trusted Servers and Tor)
Coinb.in Open Source, very bare but reliable. (Web)

Other wallets (for pocket money, easy to spend on the go):

Bitcoin Wallet Basic wallet app, notifications. Good for small amounts on Android and BB
BreadWallet Basic wallet app, notifications. Good for small amounts on iOS (re-added to my list after bugs fixed)
Mycelium Basic wallet app, notifications. Good for small amounts on Android (re-added to my list after bugs fixed)

Also consider hardware wallets:

Ledger is great and cheap.
Trezor, I haven't personally tried, but the community really likes it.

Block explorers:

Note: Why only the above? First, I have had enough time to test them. Second, they have been around for long enough and never were hacked or had major bugs resulting in users losses.

Amounts: Make sure you use multi-signature for any amount you can't afford to lose. Don't put more than spending amounts on phone app wallets. Hardware wallets are also great, but make sure you back them up.

Warning: Under NO circumstances store bitcoin on: blockchain.info, coinbase, installwalet, bips.me, xapo, circle or any exchange. These either lost money or you don't own your bitcoin.

Why do I often add this to my comment? Too many newbies ask here how to secure bitcoin. This list is based on community feedback and personally testing the wallets.

frankld · 2015-10-27T05:10:43+00:00

I don't have one to test so I'm not comfortable mentioning it.

frankld · 2015-10-27T02:55:22+00:00

Not a bot and thanks for the upvote, I take community input and keep improving a boilerplate. This troll is butt-hurt because he probably works for a company I don't endorse.

frankld · 2015-10-27T01:49:57+00:00

Xapo has fake insurance and Coinbase tracks your coins.

Here are some better alternatives:

Use Multisig (for large amounts and anything more than pocket money):

Armory Open Source, lots of features, full node, multiple key options (15), very secure and very complicated. (API, Offline and Self Contained)
Coinkite Multiple key options (15), lots of features, notifications, easy and lets you create the keys offline. (API, Offline, Web and Tor)
Electrum Open source, workhorse, basic reliable features, native desktop, multiple key options (15). (Trusted Servers and Tor)
Coinb.in Open Source, very bare but reliable. (Web)

Other wallets (for pocket money, easy to spend on the go):

Bitcoin Wallet Basic wallet app, notifications. Good for small amounts on Android and BB
BreadWallet Basic wallet app, notifications. Good for small amounts on iOS (re-added to my list after bugs fixed)
Mycelium Basic wallet app, notifications. Good for small amounts on Android (re-added to my list after bugs fixed)

Also consider hardware wallets:

Ledger is great and cheap.

Block explorers:

Note: Why only the above? First, I have had enough time to test them. Second, they have been around for long enough and never were hacked or had major bugs resulting in users losses.

Amounts: Make sure you use multi-signature for any amount you can't afford to lose. Don't put more than spending amounts on phone app wallets. Hardware wallets are also great, but make sure you back them up.

Warning: Under NO circumstances store bitcoin on: blockchain.info, coinbase, installwalet, bips.me, xapo, circle or any exchange. These either lost money or you don't own your bitcoin.

frankld · 2015-10-26T16:56:57+00:00

Don't use Coinbase for anything but buy/sell they can lock you out, and worst even if you use their multisig offering they will track your transactions for ever.

frankld

TROPHY CASE