> On Sep 28, 2017, at 4:25 PM, juan <[email protected]> wrote: > > On Thu, 28 Sep 2017 19:42:11 +0000 (UTC) > jim bell <[email protected]> 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’ve been using electrum on android and Linux for the past 18 months or so, and can only second Juan’s recommendation - it’s worked quite well for me. There’s even a “bitcoin atm” near my house where you can deposit cash and specify a wallet address (or scan a qr code) - although I haven’t used the atm since prices got above 1k/btc, so it’s been a little while ;) > >> 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 >> <[email protected]> wrote: >> >> On Thu, 28 Sep 2017 07:19:26 +0000 (UTC) >> jim bell <[email protected]> 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 >>> >> >
