Post
Topic
Board Mycelium
Re: Mycelium Bitcoin Wallet
by
PremiumCodeX
on 03/08/2016, 14:32:26 UTC
@TookDk, yeah, thank you for summing up your favorit features about Mycelium! As you wrote, it is not like if I use Mycelium I cannot use anything else, but I appreciate your positive feedback about the software, appreciate enough to want to try out Mycelium soon next to my current wallets.

Well, kind of. Usually when people talk about "hardware wallets" they mean some kind of device which can't be hacked due to the code it runs being very limited in scope, and uneditable without physically pressing some buttons on the device. Android on the other hand is a general purpose operating system and probably has many vulnerabilities and possibly even deliberate backdoors.

Oh I see. Hardware wallets are dedicated device. Its purposes is to keep the virtual wallet secure by limiting the possibilities of system vulnerabilities thanks to a minimalistic system and in addition it also restricts how a person ( or an other device ) can communicate with the wallet. However, according to this definition I wonder what if I bought a board with the physical controls I would want to use it with, installed a minimalistic Linux onto the board ( with the minimal software I need like Mycelium ) and set proper security rules? That also would be a  compact hardware with restricted system and minimalistic design.

If the 16 included the fee, yes, but probably it doesn't. In which case 5+5+1+5 isn't quite enough because you need to fund the tx fee as well.

You mean it is not that easy to pre-calculate the exact amount of output ( as @HCP pointed out too right above ) because the transaction size contains inexact parameters. I get that, I just wanted to point out I understood how the logical layer worked. But again, I got to know, the software displayed the exact tx parameter, at least.