Post
Topic
Board Announcements (Altcoins)
Re: IOTA
by
Anon136
on 15/10/2017, 23:00:54 UTC
I have a technical question:
Is there a danger that I will lose my Iota held on passphrase generated in early version of the wallet?
Or can I left them and eventually make a new passphrase to spend it in the future?

More than a danger. I've been dealing with exactly this problem for months now trying to get my iota back Sad


Why exactly is there an issue if you still have the seed? Why does it make a difference if you generated the seed with an earlier wallet or anytime later? Or do you mean in general it's insecure to generate it with the wallet?


thank you

They switched to a new hashing algorithm I think in response to the MIT paper debacle. Thus the same seed will now produce entirely different key pairs and addresses. Fortunately it seems that my problem (and presumably now your problem as well) will be addressed in a new version of the wallet with a "IOTA Recovery Tool" for recovering funds from old outdated seeds. At-least that is what I have been told. You came at a good time. I spent months worrying, if everything works out you will only have to spend a few weeks worrying. I'll link to the relevant post.

Those in the list #2 should watch for the news about Iota Recovery Tool in the wallet. It's expected to be released this month.

Those in the list #1 should add me on Skype. My ID is
Code:
come-from-beyond
. Upon adding my contact send your email and your new IOTA address which was sent from that very email.

PS: I hope you won't waste my time by adding me on Skype while not being in the list #1...

PPS: Make sure you add the correct Skype contact, don't reveal the seed without making sure it's really me.