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Old 06-05-2017, 07:46 PM   #1
moxieman99
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Who do you use for your bitcoin wallet, and who do you avoid?


I set up a bitcoin wallet with blockchain.info and wished I hadn't. I cannot access my wallet, and blockchain.info's support is non-existent when it's not lying to me. I cannot access my bitcoin wallet even after I have allegedly "successfully logged in."


So my questions are: Who do you use for your bitcoin wallet? and; Who would you recommend for creating a wallet?, and; Who would you recommend avoiding?

Any websites rating bitcoin wallets?

For what it's worth from me -- do not use blockchain.info as your wallet, you money will be lost and support will lie to you.

Moxieman

Last edited by moxieman99; 06-06-2017 at 06:12 AM. Reason: corrections
 
Old 06-06-2017, 09:41 PM   #2
sundialsvcs
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I don't waste my time with bitcoin.
 
Old 06-06-2017, 10:33 PM   #3
frankbell
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What sundialsvcs said. Any "currency" that costs more in electricity to "mine" than it is worth is not worth my while.

Last edited by frankbell; 06-06-2017 at 11:07 PM. Reason: clarity
 
Old 06-07-2017, 01:03 AM   #4
quiplash
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@moxieman99

I have no clue what bitcoin really is. But I found this nice article on

Your guide to avoiding Bitcoin fraud
https://www.bitcoin.com/guides/your-...etting_started

My prefer method of payment will always be cash in the form of paper or plastic.

I once read we should invest some of our money in gold because one day cash will be worthless.

But who knows if this is scare tactics to invest in gold or something that is possible.

Too bad we can't see into the future :/

Last edited by quiplash; 06-07-2017 at 01:13 AM.
 
Old 06-07-2017, 08:15 AM   #5
sundialsvcs
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"Bitcoin" is a peculiar form of barter currency, implemented using cumbersome mathematical algorithms with curious and interesting properties – namely, the ability to participate in a de-centralized and not-real-time authentication scheme. Governments do not recognize it as "money" or (as in the case of, say, a credit-card number) an equivalent to it. Like any other system of barter, participants simply choose to accept it.

The current scheme has many fatal (IMHO) weaknesses. The tokens themselves are very computationally-expensive to develop – which has created a market for very-expensive machines to do so. ("... and two to take him." ) But also, as soon as a token is used, it is invalidated. (Unlike a dollar bill which simply passes from one pocket to another.)

The mathematics, though, are interesting. We're just waiting for someone to develop a computationally cheap algorithm which has the same characteristics. That would be an innovation. It would wipe-out the idea of "mining," but it could have a dramatic influence on fraud prevention in the conventional clearinghouse systems (which "lose" billions of dollars each day to fraud and human error).
 
Old 06-07-2017, 10:01 AM   #6
moxieman99
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Quote:
Originally Posted by quiplash View Post
@moxieman99

I have no clue what bitcoin really is. But I found this nice article on

Your guide to avoiding Bitcoin fraud
https://www.bitcoin.com/guides/your-...etting_started

My prefer method of payment will always be cash in the form of paper or plastic.

I once read we should invest some of our money in gold because one day cash will be worthless.

But who knows if this is scare tactics to invest in gold or something that is possible.

Too bad we can't see into the future :/
Oh, I'm not "investing" in bitcoins or anything, and I know that bitcoin's blockchain technology is antiquated, but I wanted to experiment with bitcoin because I had heard so much about it and similar non-government monies. My problem is that I now have one-tenth of a bitcoin in a wallet with blockchain.info and I can't reach it. Blockchain.info won't help, has promised to help, and does nothing. I just want to find out if anyone else has a wallet source that actually works, and I want to warn people away from using blockchain.info. I don't want others ripped off like I was.
 
Old 06-07-2017, 01:56 PM   #7
sundialsvcs
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There are lots of myths about money, including that "cash will be worthless" and that "gold is somehow intrinsically valuable." Neither is the case.

Also – there is no such thing as "non-government 'money.'" The problem with systems like bitcoin are that "currency units are hard to come by," and, "they are not fungible." Every token is unique and may be used once. And, it is only acceptable as payment by those who choose to accept it, knowing that it cannot be freely converted to other types of money.

But money passes freely from hand to hand, and any dollar-bill is as good as any other until it finally gets chopped-up and pulped.

As an illustration: try to buy a "bitcoin mining machine" using bitcoin to pay for it. Strangely, or not so strangely, the vendors always want do-re-mi.

But, if someday someone develops a mathematical algorithm which allows tokens to be generated by the millions which have the unique mathematical attributes of these tokens, then that would be a Big Win. I think that such a thing would revolutionize Automated Clearing House (ACH) systems.

Last edited by sundialsvcs; 06-07-2017 at 01:59 PM.
 
Old 06-08-2017, 10:02 AM   #8
rtmistler
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Quote:
Originally Posted by sundialsvcs View Post
I don't waste my time with bitcoin.
Quote:
Originally Posted by frankbell View Post
What sundialsvcs said. Any "currency" that costs more in electricity to "mine" than it is worth is not worth my while.
My thoughts echo these as well as having the term Caveat Emptor come to mind about all this.

Every time I choose to google this topic I find just about what quiplash has found.

@moxieman99: Thanks for the warning about blockchain.info. Not needed in my case, however perhaps this thread will help some other person who hasn't yet evaluated whether or not they would like to use bitcoins, and how they'd go about it.
 
  


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