Post
Topic
Board Announcements (Altcoins)
Re: Qortal Blockchain Project - LTC cross-chain market NOW LIVE! - v 1.4.0
by
modewei
on 13/01/2021, 08:19:02 UTC
The founder says qortal is a decentralized trading platform.
But I would like to say this: qortal does not give the private keys of btc and ltc of trade portals to users to keep freely.
How can users withdraw their btc or ltc assets if a major accident occurs on qortal one day and the project cannot proceed?
So I think it is really decentralized only if you give control of the private key of btc or ltc to the user.
In this way, when there is a major accident in qortal, they can import the private key of btc or ltc into another wallet to retrieve their assets
Please do some research or ask the Qortal community regarding items like this before you post half truths. The fact that is, if Qortal had an issue, you would still be able to access your BTC and LTC.

Presently, you are 1/2 correct, there is no built in functionality to export your BTC or LTC keys. However, please see Crowetic's statements.

"the keys are derived in a way that's tied to your Qortal account
so you can backup your Qortal wallet, and you can import into any other, and your BTC and LTC wallets will be there
so no, I don't consider export of the private keys to be a NECESSARY feature right now."

First of all, I'd like to make it clear that you can't take out btc or LTC, without qortal, because you don't have control over the private key of these two coins in your qortal wallet, which means you may lose these two coin assets.
Another qortal automatically updates the version for the user without the user.
If one day a developer upgrade hides the BTC and LTC assets in his wallet, how can the average user get their btc,ltc assets back?
More importantly: several people seem to have found that their BTC assets in the qortal trade portal have been lost.
If users have their BTC private key, they can retrieve the lost btc by importing the btc private key into other btc wallets.