On Thu, 28 Sep 2017 19:42:11 +0000 (UTC) jim bell <jdb10987@yahoo.com> wrote:
My immediate concern is that I am not sufficiently confident in my ability to reliably maintain such a wallet on a small, ordinary personal computer, 24 hours per day, etc.. Obviously a crash could be a disaster.
You could also use a light client like electrum. Such clients don't need to be online all the time. You only connect to a server if you want to make a payment. And you can backup all your keys by writing down a bunch of words on paper (The only risk would be your computer being stolen and the thief spending your coins before you can move them to a new 'wallet') (on the other hand if you also want to use ethereum I don't know how their clients operate)
I have decided that at least for a few months, placing this on Coinbase is a reasonable compromise. I am not aware of of an impending liquidity problem with Coinbase. There are other considerations.
I don't know about coinbase's liquidity, but it is a fact that they close accounts whenever they feel like it. But maybe they won't close yours since spying on you is valuable to them. Anyway, best of luck! Jim Bell
On Thursday, September 28, 2017, 12:27:47 PM PDT, juan <juan.g71@gmail.com> wrote:
On Thu, 28 Sep 2017 07:19:26 +0000 (UTC) jim bell <jdb10987@yahoo.com> wrote:
I am trying to test three digital cash addresses, BTC, LTC, and ETH. They are set up in the Coinbase system,
Jim, I strongly suggest you close your coinbase account ASAP. https://blog.coinbase.com/kathryn-haun-joins-coinbase-board-of-directors-65b...
"We are excited to announce former federal prosecutor Kathryn Haun has joined our parent company Board of Directors."
"federal prosecutor with the U.S. Department of Justice and its first-ever Digital Currency coordinator."
"She also held a significant role in the case of two federal agents’ role in the investigation into Silk Road."
https://cointelegraph.com/news/coinbase-is-tracking-how-users-spend-their-bi...
Jim, coinbase is THE ENEMY.
but I have found that system to be very confusing:
Also, you are NOT using bitcoin if you use any middleman. You must use a bitcoin client and you must have control of the private keys. If you use coinbase or any service like that THEY OWN your bitcoins, not you.
Lots of pitfalls and booby-traps. Can some one send me a tiny amount of each currency to the following addresses. I will only need one try to tell me if it's successfull, so if you are intending to do so, call it out, and that will alert others that they need not follow. --------------------------------Bitcoin (BTC) Address: 12QM4GU2WSjGiKacCKhsY4LJGf6rrtdBty -------------------------------- Litecoin (LTC) Address: LKFu2gAaRitruUgJeeVUeWobbE8dMwVQfK
-----------------------------------Ethereum (ETH) 0xDB39D5f16645892AF9be93ddcF8e5d6E74BC2b83
For BTC, 0.0001 seems to be the smallest number represented in the Coinbase system, at least with an empty account. (It shows 0.0000)
Similarly, LTC and ETH are shown with a last-digit resolution of 0.0001. Thanks, Jim Bell