Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
Thanks for the suggestions and valuations on the ledger story 
Now, i had a few accounts (wallets) with relatively minor shitcoin balances on it as well. According to the ledger docs, i will have to restore all balances on the new device using the old seed, send all tokens to intermediate exchange or local client wallets, reset the new device, set it up as new, reinstall the bitcoin app and transfer Bitcoin from sold shitcoins (exchange wallet) and recovered Bitcoin (local client) to it.
Yep, seems i got some extra things to do
Now, i had a few accounts (wallets) with relatively minor shitcoin balances on it as well. According to the ledger docs, i will have to restore all balances on the new device using the old seed, send all tokens to intermediate exchange or local client wallets, reset the new device, set it up as new, reinstall the bitcoin app and transfer Bitcoin from sold shitcoins (exchange wallet) and recovered Bitcoin (local client) to it.
Yep, seems i got some extra things to do
Don't use the ledger generated seed, I highly doubt their random number generator is actually random, true randomness is very hard to achieve. Create your own with dice then send all you coins to the addresses from that new seed directly from you old restored seed. Then wipe the device and restore with your new seed. No intermediates required and more secure. Or maybe I'm just over the top.
The real problem here is: There are three accounts on the (old) ledger. BTC, shitcoin1 from chain split, and shitcoin2. To send these anywhere, i have to restore the ledger in the first place. Then i can wipe/initialize it again. Now, i wouldn't call myself a Bitcoin maxi, if i would hold the shitcoins for longer, i just didn't feel the urge to sell them for BTC yet. These are small balances, too.
Of course, you could buy two ledgers, and/or other kinds of wallets.. and sure the extent to which various shitcoins are supported will vary from device to device... or even kinds of wallets, if you might want to move some kinds of coins to a temporary location until you set up your new device (presumptively your sticking with ledger.. sorry for your loss.. again - meaning the fact that you use ledger)
I am not that stubborn, i try to be open as well. What's your preferred ways?
I have nothing against wallet.dat filse but i think storage of them is not ideal, and the ledger and almost any hw wallet has a slight disadvantage (because not connected to the internet, for example).