Help me test BTC, LTC, ETH addresses
juan
juan.g71 at gmail.com
Thu Sep 28 13:25:45 PDT 2017
On Thu, 28 Sep 2017 19:42:11 +0000 (UTC)
jim bell <jdb10987 at 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 at gmail.com> wrote:
>
> On Thu, 28 Sep 2017 07:19:26 +0000 (UTC)
> jim bell <jdb10987 at 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-65b4d4c4e65f
>
> "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-bitcoins
>
>
> 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
> >
>
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