Post
Topic
Board Bitcoin Technical Support
Re: Seed phrase same as secret key?
by
jackg
on 01/08/2017, 12:30:32 UTC
Ah, thanks HCP. I assumed they'd both work of the same software (although bip91 has been implemented to make both networks replay-proof).
It's probably a good idea to try to empty private keys before putting them into another software (especially if the developer isn't known - if ThomasV is not the producer of electrum cash).
Yes, definitely... it is even recommended by ThomasV in his post about Electrum and BCC:

BCC wallets will require you to import your seed or your private keys, which can be exported from Electrum. Doing so will expose all your Bitcoin funds associated with that seed to the BCC wallet you decide to use.

Therefore, *after* the BCC fork, but *before* you enter a seed or private key in a BCC wallet, you should move all your funds to a new Electrum wallet, with a new seed. You will still be able to use the old seed or private key with BCC, because BCC has replay protection. Wait until your funds are confirmed in your new Bitcoin wallet, before you enter the old private key in a BCC wallet. This will protect your BTC funds from rogue/untrusted software.

I got confused enough by this that I just spread all of my coins across a few exchanges that said they will credit me my Bitcoin. I think this was probably the best option to do.

I can also say that if you look in the electrum subsecion or my recent posts to find it then you'll see that the software (electrum cash/electron cash) is actually a virus (just FYI).

Hmm. Thanks for the notification. I'm using a Electrum wallet but I haven't tried to claim my "free" BCC because I'm afraid that it may be a virus that will steal your seeds or private keys. In their website, they specifically not endorsing it and even put like advise about the risk.

"Electron Cash" is a fork of Electrum for Bitcoin Cash. Electron Cash
is not endorsed by Electrum. It is open source, and binaries
(executables files) are available for Windows, OSX and
Android. However, when you run binaries instead of source code, you
have no guarantee that they match the source code. This is why wallet
binaries are usually signed by developers. A digital signature engages
the responsability of the person who signs."


https://electrum.org/bcc2.txt

Can you point you the source of Electron Cash is a virus/malware though?

What do you mean by spreading your coins across exchanges? Did you do it just to claim your free BCC?



Yes exactly. I spread it across a few different sites so there shouldn't be much risk.
I sent my transactions about half an hour before they all closed (I split the coins between yobit, hashnest and freebitco.in - as freebitco.in have a high amount of coins, I thought it'd be a good idea to place the bulk of those coins there. (Although, now I don't have access to them for a few hours - but it seemed a better idea than downloading more software).