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LOL, love that Avatar.

Sir, i am new here so i have a question, can you answer it?

I found top 1 wallet have 48.6m XEL, who own it? And if this wallet is your, do you have any plan to burn coins?

Many thanks!

Bittrex exchange wallet... Roll Eyes

48.6 Million XEL waiting at Bittrex to be traded. That is an unusual high proportion of a coin's total supply sitting at an exchange. More so at one single exchange. Why are so many people waiting to sell it?

Nothing wrong with this.. Where else these coins should be? Not everyone want to install wallet on their PC to hold xel...

I don't know why everybody else is doing this but I can offer you insight as to why I am. Simply put I dislike web wallets and would like to have my funds in a different type of wallet. I can't put them onto a hardware wallet and I don't really know how paper wallets function so not gonna try that first time here. Is there any other options to store the coins? I would like to use a proper desktop wallet but I didn't think this was available yet. Please correct me if I got this incorrect, ty.

I would also like to keep my Elastic on a desktop wallet. If that is possible currently anyway.

I too don't care for "brain wallets" but a while back I was discussing this issue w/ EK and he actually had some pretty good arguments as to why they are preferable in his opinion. Maybe he can post similar comments here to help explain some of the benefits of a "brain wallet" vs the tradition QT wallet.

But rest assured, your coins are safe either way.

I love brainwallets, you just have to be very careful about how you use them! I have run over my trezor with my office chair, I have hidden USB sticks in shirts that I usually don't wear and they ended up in the washing machine and I have glued mnemonic phrases to the bottom of my printer ... then forgot about it and sold it on ebay. Let alone how often I reinstalled my computer without making proper backups. The only thing that has never let me down was my good old brain wallet. I could lose everything, my house could burn down, and I could end up stranded on an uninhabited island; just give me a laptop and I can recover my BTC in a blink of an eye