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Showing 13 of 13 results by Ducker Smith
Re: Anyone else notice that when share market down, crypto price goes up?
I have been in the cryptocurrency market for almost two months, I observed that when the market fell, the percentage of BTC always increased. The current percentage of BTC has accounted for more than half of the market. What does this mean? Can anyone give me an explanation, and why is BTC? not another Coin? Because in my opinion, BTC is affected by market volatility more than the Altcoin!
Some data to back this will help bring more clarity. I have not noticed any such correlation and I'm not sure that's the case. Should hardware wallets use secure elements for max security?
Your crypto is particularly vulnerable to physical attacks if your hardware wallet doesn't have a secure element. Physical attacks or a lost device are always going to be a threat to Hodlers, but all the more so if your hardware wallet doesn't have a secure element.
Any thoughts?
Any thoughts?
Re: Cobo Tablet_Finally a recovery seed backup solution that's worth the $$$
This is slightly safer than a paper...
But if you make some different back ups of your paper wallet, there is no need to have this
It is beautiful and interesting, but not worth 40 bucks imo
If you make multiple copies, it just increases the chances of others finding your recovery seed. Plus, I wouldn't trust a piece of paper to last as long as steel....wear and tear, damage, fading ink...all possible with paper. Somehow having something like this is better. I have a Billfodl and that so much more expensive that this one. 40 bucks is really worth it.But if you make some different back ups of your paper wallet, there is no need to have this
It is beautiful and interesting, but not worth 40 bucks imo
Re: Did Satoshi steal other people's ideas for Bitcoin and one reason why he left?
David Chaum - He visualized a token currency which could be transferred between individuals. Chaum developed a so-called "blinding formula" to encrypt information passed between individuals and later, founded DigiCash.
Wei Dai - In 1998 Wei Dai proposed an "anonymous, distributed electronic cash system" - In the B-money system, digital pseudonyms would be used in order to transfer currency through a decentralized network. Satoshi referenced elements of B-money in his bitcoin whitepaper.
Nick Szabo - Bit Gold came with its own proof-of-work system that in some ways is mirrored by today's bitcoin mining process. Bit Gold aimed to avoid reliance on centralized currency distributors and authorities. Szabo's aim was for Bit Gold to reflect the properties of real gold, thereby enabling users to eliminate the middleman entirely.
Adam Back - He published a paper detailing his protocol in 2002, named: Hashcash A Denial of Service Counter-Measure. Hashcash used a proof-of-work algorithm to aid the generation and distribution of new coins, much like many contemporary cryptocurrencies.
I have had many silent thoughts on this matter and I contemplated the outcome of this experiment, if Satoshi decided to reveal his true identity. How many people would actually take him to court for intellectual copyright infringement? Companies like PayPal revolutionized person-to-person payments online and they might even find a reason to sue him.
Is this not one of the reason why Satoshi Nakamoto never revealed his true identity?
Sources :
https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/
https://btcmanager.com/the-history-of-bitcoin-part-1-what-is-hashcash/
https://en.bitcoinwiki.org/wiki/B-money
https://en.wikipedia.org/wiki/Nick_Szabo
That's not stealing, he referenced some of them. What he did was put more thought and came up with something that's a lot better.Wei Dai - In 1998 Wei Dai proposed an "anonymous, distributed electronic cash system" - In the B-money system, digital pseudonyms would be used in order to transfer currency through a decentralized network. Satoshi referenced elements of B-money in his bitcoin whitepaper.
Nick Szabo - Bit Gold came with its own proof-of-work system that in some ways is mirrored by today's bitcoin mining process. Bit Gold aimed to avoid reliance on centralized currency distributors and authorities. Szabo's aim was for Bit Gold to reflect the properties of real gold, thereby enabling users to eliminate the middleman entirely.
Adam Back - He published a paper detailing his protocol in 2002, named: Hashcash A Denial of Service Counter-Measure. Hashcash used a proof-of-work algorithm to aid the generation and distribution of new coins, much like many contemporary cryptocurrencies.
I have had many silent thoughts on this matter and I contemplated the outcome of this experiment, if Satoshi decided to reveal his true identity. How many people would actually take him to court for intellectual copyright infringement? Companies like PayPal revolutionized person-to-person payments online and they might even find a reason to sue him.
Is this not one of the reason why Satoshi Nakamoto never revealed his true identity?
Sources :
https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/
https://btcmanager.com/the-history-of-bitcoin-part-1-what-is-hashcash/
https://en.bitcoinwiki.org/wiki/B-money
https://en.wikipedia.org/wiki/Nick_Szabo
So, guys, I think it's a small but a win. A win of our crypto community! I hope there will be more such examples of accepting crypto in 2020. We will start with small countries and then go to global powers. What do you think?
There's the news https://bitcoinist.com/crypto-payments-now-legal-in-ukraine/
This is good news, and I hope more and more countries begin to see the benefits of accepting crypto.There's the news https://bitcoinist.com/crypto-payments-now-legal-in-ukraine/
I'm working on an idea and it might sound a bit far-fetched but it is a 'virtual currency' made to be stored offline much like a paper wallet. But I'm not storing any bitcoin private key. I'm creating what is called a ticket. Each ticket has a unique set of codes and the whole idea is that it must be easy for people to write down these codes so you can create your own set of money or complementary currency. A long story short, my plan is to use Bitcoin as an "intrinsic value". Since the whole point of this project is mimicking physical cash in a cashless society 
it can't be backed by fiat.
Another point to make is that the idea is that small or large communities can run their own server backing their 'community currency' and it doesn't have to be that powerful. It is not a decentralized solution, so it will be built on trust, but there is no way to trace or log transactions, just like cash.
I'm currently running in beta ( 52blocks.net ) with focus on testing it out and doing hand-to-hand transactions. But in near future I'll add some new features .
My current issue is how to give each ticket it's own value. I would like to hear your opinions on this project and what would be the best way of assigning value by using bitcoin.
As a community currency you don't need to trade your ticket for bitcoin for each transaction, but if you don't want to create your own set of cash, you can burn a ticket for a new one and also (in the future) collect it's value ..
Sounds like an idea, but people use hardware wallets and paper wallets to store their bitcoin, and these are relatively the safest options available today. it can't be backed by fiat. Another point to make is that the idea is that small or large communities can run their own server backing their 'community currency' and it doesn't have to be that powerful. It is not a decentralized solution, so it will be built on trust, but there is no way to trace or log transactions, just like cash.
I'm currently running in beta ( 52blocks.net ) with focus on testing it out and doing hand-to-hand transactions. But in near future I'll add some new features .
My current issue is how to give each ticket it's own value. I would like to hear your opinions on this project and what would be the best way of assigning value by using bitcoin.
As a community currency you don't need to trade your ticket for bitcoin for each transaction, but if you don't want to create your own set of cash, you can burn a ticket for a new one and also (in the future) collect it's value ..
Cobo Vault users only need to update the Cobo Vault Mobile App to V1.3.0
https://cobo.com/hardware-wallet/download
https://cobo.com/hardware-wallet/download
Quote
What's New:
- Support multisignature of BTC
- Add fingerprint lock and face lock
- Improve QR code scanning efficiency
- UX improvement
- Support multisignature of BTC
- Add fingerprint lock and face lock
- Improve QR code scanning efficiency
- UX improvement
Why Cobo Tablet only allows to store 4 letters of each words?
I received my Cobo Vault yesterday. I am just confused why the tablet only allows us to store 4 letters of each word. Most of my mnemonic words are over 5 letters.
Cobo Vault---Protecting From Replay Attacks After Recent BCH Hard Fork
I pre-ordered a Cobo Vault on Indiegogo and its supposed arrive in one weeks. It supports BCH.
I asked customer support how they will support BCH after the hard fork and they said both ABC & SV will be supported. They suggested using replay protection with their software wallet Cobo Wallet before a transaction.
I can deposit BCH into Cobo Wallet and the replay protection will automatically occur and the balance of ABC & SV addresses will synchronize. Then I can use both ABC & SV separately.
If I don't want to do the replay protection via their softwallet, is there any other methods?
I asked customer support how they will support BCH after the hard fork and they said both ABC & SV will be supported. They suggested using replay protection with their software wallet Cobo Wallet before a transaction.
I can deposit BCH into Cobo Wallet and the replay protection will automatically occur and the balance of ABC & SV addresses will synchronize. Then I can use both ABC & SV separately.
If I don't want to do the replay protection via their softwallet, is there any other methods?