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Showing 20 of 64 results by bitloud
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Board Beginners & Help
Re: Newbie signatures
by
bitloud
on 28/12/2017, 13:26:36 UTC
You can read about Levels and its requirements here :

https://bitcointalk.org/index.php?topic=178608
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Topic
Board Beginners & Help
Re: BEST WALLET??
by
bitloud
on 28/12/2017, 13:19:44 UTC
Hardware wallets are the most secure, but also the most expensive. I'd recommend investing in a Trezor OR Ledger hardware wallet. You can also go the paper wallet or electrum wallet route as well.
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Topic
Board Altcoin Discussion
Help me for creating Litecoin Paper Wallet
by
bitloud
on 06/12/2017, 05:33:31 UTC
How to Create Litecoin paper wallet ?
How to withdraw funds from Litecoin paper wallet for sending money to another person ?

Please help me..
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Topic
Board Service Discussion
Topic OP
BlockChain.info API reuest declined.
by
bitloud
on 27/01/2017, 18:44:22 UTC


I requested a API request for my website. But they declined my API request.

Anybody know the guidelines for accepting blockchain.info API request ?

Please help me..

Regards...

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Topic
Board Bitcoin Discussion
Re: Some common doubts about Bitcoin Paper wallet
by
bitloud
on 23/01/2017, 10:49:32 UTC

The second part is also correct, blockchain.info is just a company. If they ever go bancrupt, or just disappear, a lot of people using the blockchain.info wallet will potentially have problems accessing their wallets (unless they made proper backups). But this has no impact on your paper wallet. You could just import your private key into a synced bitcoin core wallet, or into an SPV wallet like electrum, and you can just use your unspent inputs to generate a transaction without ever needing the company blockchain.info

So most  secured method for storing our Bitcoins is Papper wallets. If we using paper wallet, no need to worry about online wallets going scam OR account blocked.
Quote

import your private key into a synced bitcoin core wallet or into an SPV wallet like electrum.

I dont understood this. How get "synced bitcoin core wallet". Paper wallet sync is possible?
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Topic
Board Bitcoin Discussion
Re: Some common doubts about Bitcoin Paper wallet
by
bitloud
on 23/01/2017, 10:20:32 UTC

Some more misconceptions...

First:
It has been stated before: bitcoins aren't a physical thing... You cannot hold a bitcoin.
Bitcoins exist as a number of unspent inputs, records into a decentralised database that say that address x has x BTC worth of unspent inputs.
The person holding the private key for address x can also generate a valid record that can potentially be added to the same decentralised database, that transfers the unspent inputs of address x to address y. In that case, the person holding the private key for address y can use the new, unspent inputs.
If you want to know more, i suggest using google to find more info on how bitcoins work exactly. There are tons of sites dedicated to this topic.

Second:
blockchain.info => a company that owns a block explorer and an online wallet provider
the blockchain => the ledger (database) consisting of physical files stored on hundreds of computers... The database of each and every transaction ever made.
Your transactions are stored on The Blockchain, offcourse, the node(s) of blockchain.info also downloaded The blockchain, so they also store your transaction, but they're just a company running a couple of nodes, they do not own the blockchain itself.
I know, it's confusing that a company chose a name that is the same as the technology they're using, but that's just the way it is...

Thank you for your reply. I have readed your reply carefully.
From your reply I am assuming that, no one can hold bitcoin. We can use our paper wallet bitcoin if Blockchain.info not working properly OR completely stopped. Right ?
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Topic
Board Bitcoin Discussion
Re: Some common doubts about Bitcoin Paper wallet
by
bitloud
on 23/01/2017, 10:02:06 UTC
Quote
So database is Blockchain.
Yes.

Then what is the difference between storing bitcoin in Blockchain OR paper wallet?
Database is Blockchain.
I am thinking about paper wallet seriously. Because, almost 4 months ago Blockchain had problems..
Website was not opening for 1 full day. It was their maintenence.
That time I was very worried, When blochain is back as normal, I transfered my all Bitcoin from Blockchain to Coinbase.
After that  I never used Blockchain again.
If blockchain is again getting problem, I think we cant use my Paper wallet bitcoins.
I had a bad experience with Liberty Reserve. I had dollars in Liberty Reserve when they stoped their website.
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Topic
Board Bitcoin Discussion
Re: Some common doubts about Bitcoin Paper wallet
by
bitloud
on 23/01/2017, 09:40:23 UTC
First of all please don't add unnecessary "size" to your comments it is annoying. Instead change the "zoom" level of your browser if you have trouble reading.

I'll try to explain:
What you need to know about bitcoin is that there is no such thing as "bitcoin" and you are not "storing coins" what you have is a private key which creates a public key, and record of all transactions that are stored on this public ledger called blockchain that peers hold on their computer when running a full node.

When you receive bitcoin, what happens is that some else is signing away the ownership of an output to your public key. And when you want to spend that output you sign away ownership of that output with your private key and give the ownership to another public key and all the records of these transactions between people are saved on the blockchain so your "database" is the blockchain.

What you do offline (generating a paper wallet) is that you are creating that private key to be able to receive those outputs and be able to spend them later.

For checking your paper wallet's balance, you go to that database (blockchain) and check your public key and see how many outputs were sent to your pubkey and add them up to see how much balance you've got. You do this usually by going to an online block explorer and typing in your bitcoin address (base58encrypted) starting with 1 or 3.

Thank you for your reply. Now I am understood our paper wallet bitcoin is storing in Blockchain. So database is Blockchain.
We are getting only access for entering in bitcoin  with Public key and and protecting with private key. Right?
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Topic
Board Bitcoin Discussion
Topic OP
Some common doubts about Bitcoin Paper wallet
by
bitloud
on 23/01/2017, 09:06:41 UTC


Paper wallet is a very secured method of storing bitcoins as offline.  But I have some doubts.

Bitcoin Paper wallet have any database ?

If dont have database,

How it storing as offline ? Where it storing ?

How transations working without a database ? (Sending & Recieving)

If have database,

 How it storing ? Where it storing ?

I also dont know about checking Bitcoin Paper wallet Balance.

Please Repy..

Regards....





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Topic
Board Bitcoin Discussion
Re: My Idea for Protect Bitcoin Paper Wallets from damages.
by
bitloud
on 21/01/2017, 05:34:58 UTC
What if the device is broken? No matter how safe it is. Theres still a hole that can be penetrated. But its a good idea tho. Instead you store it to usb. Why not use more secure device which ledger. I heard about ledger nano. And they said its really good hardware wallet. I think its more secure than usb.

You can keep copies in multiple devices. Dont store in one device. Store 1 copy in your personal computer, 1 copy in Pendrive, 1 copy in Micro SD card, 1 copy in External Hard disc .. etc ...
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Topic
Board Bitcoin Discussion
Re: My Idea for Protect Bitcoin Paper Wallets from damages.
by
bitloud
on 21/01/2017, 05:32:43 UTC

hmmm sorry but maybe you missunderstand what i said
i mean instead of make the paper beforehand and safe it in digital form then print it when you need, arent it better to only create the paper file and print it when you actually need it?? coz most public PC have internet conection to access BTC wallet

or is it too risky to access wallet on public??? (I never didi it, IDK is it risky or not)


Dont connect with Internet. Dont connect with any other PC. Especially public PC. I mean "If you have Printer in your home". I dont trust public PC.
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Topic
Board Bitcoin Discussion
Re: My Idea for Protect Bitcoin Paper Wallets from damages.
by
bitloud
on 21/01/2017, 04:55:29 UTC

this is my first time hearing paper wallet since my country dont approve BTC yet

but your idea for storing it on offline device maybe a bit meaningless, since you always need to print it when you need BTC
and a lot of PC in public place have internet conection, so if the PC have internet isnt it better to just go online and create the paper wallet on that time

so paper wallet in digital form is a bit meaningless  Lips sealed
hehe sorry if I offend you  Lips sealed


yes.. We need to take prints everytime if needed. But you think.. If you have large amount of bitcoins as Paper wallet and accidently it damaged..  How you feel ? In this case my idea is a as good option for you. Your paper wallet is always safe in rar OR zip file. Just take a print whenever you want.
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Topic
Board Bitcoin Discussion
Re: My Idea for Protect Bitcoin Paper Wallets from damages.
by
bitloud
on 21/01/2017, 02:59:44 UTC

Paper wallet is a very secure method of storing bitcoins offline. But its main problem is storing without damages. For that, I found a solution;

If you have Printer in your home, Scan your bitcoin paper wallet as JPG image OR PDF and save it in a new folder.
Next step is convert this folder as rar OR zip file with password. Then store in your Memmory card, Pendrive, Memmory card OR personal computer. It never become damaged.

We can extract these files whenever we want. Then we can take prints if needed.


you can still burn. step on. smash with hammer.
you can hand it to a kid who can snap off the usb end from the plastic cover


lose out of your pocket. thief stealing it. connect it to a computer with a virus.
electric shock. lightning strike, car accident,

the list goes on.

..

separate note.. having a paper wallet has its own utility.. putting it on digital media or a PC is no longer paper wallet.. emphasis on the word paper

You can keep copies in multiple devices. Dont store in one device. 1 copy in your personal computer, 1 copy in Pendrive, 1 copy in Micro SD card, 1 copy in External Hard disc .. etc..  Dont connect these things with other devices and internet.
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Topic
Board Bitcoin Discussion
Topic OP
My Idea for Protect Bitcoin Paper Wallets from damages.
by
bitloud
on 21/01/2017, 02:08:05 UTC

Paper wallet is a very secured method of storing bitcoins as offline. But its main risky problem is storing without damages. For that, I found a solution;

If you have Printer in your home, Scan your bitcoin paper wallet as JPG image OR PDF format and save it in a New folder.
Next step is convert this folder as .rar OR .zip file with password. Then store in your Memmory card, Pendrive, Memmory card, External Hard Disc OR Personal computer. It never become damaged. Hackers never get any informations from a rar OR zip files.

You can keep copies in multiple devices. Dont store in one device. Because you will lost everything if your hardware damaged. So store 1 copy in your personal computer, 1 copy in Pendrive, 1 copy in Micro SD card, 1 copy in External Hard disc .. etc ...

Remember : You dont connect with Internet. Keep it always as offline.

We can extract these files whenever we want. Then we can take prints if needed.




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Topic
Board Bitcoin Discussion
Re: Which one is better for bitcoin future? Mass adoption or huge price increase?
by
bitloud
on 20/01/2017, 05:02:24 UTC
when there will be too many users then it would become the  father of cryptocurrency and it will have maximum market capitalization, fortunately bitcoin has maximum market capitalization. So i prefer mass adoption. Without adoption bitcoin cannot go ahead but it will just keep rolling around like this, today it grows $30 higher and tomorrow it drops that amount again, so that wont make us reach higher if there is no adoption at all.
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Topic
Board Bitcoin Discussion
Re: actual number of people using Bitcoin?
by
bitloud
on 20/01/2017, 04:54:11 UTC
I don't think there is an accurate way of counting as to how many people use Bitcoin other than a compulsory survey. You take a global survey and ask each and every person in the world if they use or know bitcoin.
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Topic
Board Bitcoin Discussion
Re: Do Bitcoins have Tax??
by
bitloud
on 19/01/2017, 09:13:44 UTC
There are no tax on bitcoins as no one control the bitcoins there is no questions of tax. However small transaction fees will always required as it will be the only income for the service provider.
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Topic
Board Bitcoin Discussion
Re: Will you burn your bitcoins IF something goes wrong?
by
bitloud
on 19/01/2017, 07:37:57 UTC
I will never burn my coins and will hold them for the time when good times come. Who knows someday the price could bounce back again.
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Topic
Board Bitcoin Discussion
Re: Easiest way to convert money into BTC?
by
bitloud
on 19/01/2017, 07:29:23 UTC
you can use XAPO credit card or cryptopay.me credit card to buy bitcoin from them . Coinbase still don't support many developing countries also in localbitcoins usually deals for these countries.
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Board Bitcoin Discussion
Re: [POLL] Would you open a Bitcoin account at your local bank?
by
bitloud
on 19/01/2017, 07:22:08 UTC
I use bitcoins because I don't want to be controlled by bank, declare my bitcoin funds, pay taxes for it. Bitcoin in banks is something against idea of bitcoin.