@glauce is on PowPing!

PowPing is a place where you can earn Bitcoin simply by socializing, for FREE.
Never tried Bitcoin? It's OK! Just come, socialize, and earn Bitcoin.
Check out glauce's activities

BSV Basics

visit channel home
Total Economy: 4.97 USD
What is your ultimate solution for storing your Bitcoins securely, conveniently and without waffle... £1 for superbly helpful answers
"The hardware wallet in a phone" by Craig Wright... Thank you@igordomsac for the link to the article I have been looking for. https://craigwright.net/blog/bitcoin-blockchain-tech/the-hardware-wallet-in-a-phone/
Handcash Zeux Gravity Moneybutton Exodus Celsius Accordingly spread it around but I dont think any of them would be good for hoarding millions, - What wallets does Craig use !
glauce replied:
Thank you for the list! I agree with you, none of them would be good for life savings, haha Good question... I remember Craig mentioning he used a Centbee cold wallet, it was over a year ago... it would've been perfect to to link it here (will try to find it)... I wonder if he has come up with any other solution since then...
marquee replied:
He has. See my brain wallet video on@streamanity
glauce replied:
I would love to watch it... in fact, I have been wanting to watch your videos for ages, but can't use Streamanity... have all FB domains blocked and it fails when trying to send data (what for???)... am waiting for the new version to resolve this. Very glad RelayX is in charge now!
marquee replied:
Hmmm, I wonder how many other people can't use@streamanity for this reason? Not good. Hopefully a fix will come along soon.
glauce replied:
I am with you in this question and also hoping for a fix ASAP. Also feel very strongly about the nature of this problem, why would any BSV app allow their user's data to be sent "elsewhere"?... It makes me fume, specially when it happens behind your back... transparency, which transparency?
john replied:
Would bet CSW doesn't use a wallet, he would have used (in the past) the original software which acted as both miner and wallet. But he could secure the private keys any number of ways after that, most probably offline storage for extra safety. As@marquee points out CSW has famously written an entire article on "brain wallet" which is a method I use for regular website passwords. Eventually I'd bet he'll use wallets like the rest of us, but is probably more picky than we are. His bread and butter initial expertise is, after all, digital security systems. He's got more to lose than just money if he messes up!
glauce replied:
Nice thoughts John... I would love to get an answer from Craig on this matter, which wallet/s, in any, does he use right now and why... it might clarify a whole lot... yes, I agree with you, he has no choice, but being picky, veeery picky! Hummm... refreshing that... maybe he shouldn't answer this at all, maybe better to keep it out of public knowledge.
glauce replied:
*if any
glauce replied:
@marquee... the guys from RelayX are on the case and will try to fix the problem, kudos for them! Basically, it seems that blocking FB domains breaks Streamanity, as it stands.
mx1up tipped:
0.06 USD
1 year ago
igordomsac replied:
glauce replied:
Thanks for the link@igordomsac
I like the concept of volt but not clear if the trusthold members have enough shares to collude and take your money or if I, the user, hold enough shares to prevent that. Kind of like a 3 of 4 split where I hold 2 shares
glauce tipped:
0.92 USD
1 year ago
glauce replied:
Good point, I am not sure either, so prefer to take a step back... clarity is essential before embarking on anything, I think
volt replied:
users can create any n/m share with shared account feature. When more members join trusthold, users will be able to choose which ones to keep their shares with, while this combination remains secret to all trusthold members, if they want to collude, they have to broadcaset message to all members, which makes their evil intention public
glauce replied:
For me, this is a question of principle, as well as trust... if the wallet is mine, I want 51% control, minimum, ideally more... that is if the wallet is used for very small amounts... otherwise, I want total control... that is just the way I do things, so I'll stick to it, but you may think differently
volt replied:
You are right, there is no perfect solution, Volt is just a new choice for users who prefer not to put a private key on their notebook. With mnenomic words wallets, you have 100% control and the risk of losing everything when the backup is lost.
glauce replied:
I do see your point on transparency (having to broadcast messages to all members), but I don't understand the need for three members, nor the reason users have to entrust them with these kind of percentages
glauce replied:
I am in agreement with you when it comes to mnemonics, yes, it is a responsibility... but so are many other comparable things in life, people who join BSV tend to learn very quickly the advantages of being their own bank, specially when larger amounts are involved. I also agree shared responsibility may be useful for new users, but this can change very quickly as they gain knowledge, as I mentioned above. Unless the terms are favourable, users may also start looking elsewhere for better solutions... that is a concern, as an exodus may not be good for anyone.
glauce replied:
Very valuable discussion... TT bazanga
volt replied:
You are right in the sense that 'everyone be their own bank', problem is that by doing so users also risk losing everything associated with being their own bank. Majority of users don't care about technology, they always prefer simplicity, that is why NO.1 cause of asset loss is mismanagement of key storage on user end.
glauce replied:
I am in agreement with you, many users prefer not to worry about technicalities. I hope Volt listens to our concerns, so more of us can start using it... and keep using it. Trusthold membership, as it currently stands, is a big point of contention. The distribution of shares is unbalanced, I, as well as many others, believe the user should hold at least half of the shares, after all, the coins belong to them. I would also like to mention the installation process, which I think comes first in terms of technical barriers. If would be great if it could be simplified to a comparative standard of equivalent BSV wallets. Also, I would love to hear people's experience when installing Volt on their devices. Personally, I couldn't install it properly... in any of the devices I tried. The last one was an iPad (up to date)... the camera button simply doesn't fire. Without a functioning camera, I have no way to scan the QR code for the Mac installation. Mac and iPad unsuccessful. I couldn't install Volt on Android either and was told the device was too old... there are considered reasons for this, I don't buy devices with soldered battery, an iPad being the only exception (and least preferred device), so that is the end of my installation. The problem above leads to yet another, backwards compatibility, another point of contention being discussed right now, in a hot thread by Satoshi Doodles. Compatibility is essential if you want to make an app inclusive, it has to be available to all users, not matter their reasons for not updating their devices (draw a line if you must, but please specify where, so users know if they can or can't install the app). You have been very attentive and kind in your answers and I really appreciate it, thank you. I hope Volt addresses the issues we have been discussing. I wish Volt to become a success!
volt tipped:
0.66 USD
1 year ago
volt replied:
Thank you for feedback regarding installtion, Android comes with too many device models, devices with oder os version indeed have problems installing. IOS 9 or newer IOS devices can install with ease
I was hoping for the ultimate solution, but I guess it is waiting around the corner of time. As I mentioned to John in a previous answer, I am adding one more to the list, a wallet solution I have been using for a while and find to be very effective. I hope it helps a few people who are looking for simplicity without compromising safety (a problem Marquee explained nicely). The idea is very simple. MONEY BUTTON COLDISH WALLET/S: 1. Create a new (second) Money Button account with a private email, preferably an email you use occasionally only (or even not anywhere else) 2. Add a very very strong password and stay offline. Don't use it! 3. Login when you need to refill your main Money Button account, or want to send Bitcoin / Satoshis elsewhere. 4. Repeat to create a third, fourth, fifth account... or as many as you need to spread the total across wallets 5. Keep spreading, create new wallets as you buy more BSV MIGUE'S ADVICE: Before I started using this method, I discussed the idea with Miguel Duarte, developer of Money Button. Migue said is doable and safe, but not to use it for very large amounts, i.e., never for your life savings!
glauce replied:
There are some great wallets not mentioned on this thread yet, special mention goes to Centbee and HandCash. Please go ahead if you have any other favourite to add.
glauce replied:
Plus one more, maybe already mentioned, if so here goes again - RelayX
I saw a video of guide with simply.cash. Use a android phone and put it in there.
glauce replied:
Yes, it is great with Android... do you have a link for that video?
marquee replied:
baltsar tipped:
0.01 USD
1 year ago
glauce replied:
Thank for the link Marquee... now people can watch how it is done!
You can use Bip39 https://bsv.direct/bip39/ Always remember to write down the mnemonics words AND THE DERIVATION PATH Different wallets (as Moneybutton, HC, Electrum etc) use different derivation paths. Even the same wallet can use different derivation paths for different things. A few months ago they were trying to be interoperative, but wallets can have problems (and will have more if the chain grow) if they use the same derivation path. So your Handcash (or others) words will not let you spend your coins using other wallet. Not sure which one is still using standard derivation paths, but I think they will not do it in awhile, so I would remember to write down the derivation path. If you use wallets, you could need them to give you the derivation paths even if you have the mnenonics. Probably will not be ever a problem, but the true is that you need it to know which address is filled.
glauce tipped:
0.47 USD
1 year ago
glauce replied:
Interesting advice Arbusto, have to admit that derivation paths is something I haven't considered keeping records of before you mentioned it, will try to look into this in more detail. Thank you for pointing it out!
glauce replied:
Not the ultimate simple solution, but very helpful, TT Arbusto
the desk wallet:ElectrumSV
glauce tipped:
0.24 USD
1 year ago
glauce tipped:
0.23 USD
1 year ago
glauce replied:
Solid wallet, thank you! Can I ask which operating system/s you use? It would be great if you could add any information you think may help people who want to start using it, but don't feel confident to do so
maggie replied:
Either MacOS or windows Here are the official recommendations: https://bitcoinsv.io/services/wallets-and-exchanges/
glauce replied:
Thank you for the link... and one more here... a great resource from the developer of ElectrumSV, Roger Taylor: https://medium.com/@roger.taylor I was hoping to add a bit more to the existing information... personal hints and tips, for example, or any insights gained from experience... simple, concise and in plain English... the challenge is to find good solutions and present them clearly, so users at all levels can benefit and go on to ask their own questions
maggie replied:
Can't agree any more. Being friendly to all users is very important. It really takes a long time to study. I think it should be simplified
glauce replied:
You are so right Maggie, this question had simplification at heart, so anyone, including beginners, could find an answer that suited their needs and would be able to go from there
glauce replied:
Thank you for adding your voice... TT maggie
glauce replied:
+ Electrum SV was great suggestion... updating / topping... TT maggie
maggie replied:
The best app is one that mom can use. Not everyone is willing to be patient.Thank you!
To make things clearer, here is a quote from a reply to john: "I am on the hunt for simplicity, not only for us, but for new people coming in... PowPing has done an amazing job of creating a "bridge" for new people... but what happens after they join? I think we need to find equivalent "bridges" for the basics, like buying and storing Bitcoin SV Money Button already does a beautiful job of that, probably being the simplest and most intuitive way to store BSV" Can you add another user friendly solution to the list?
Get any one of these hardware secure wallets.
marquee replied:
No. These are crap. Do not get these.
glauce tipped:
0.01 USD
1 year ago
Volt wallet with USAA and Ayre Group as 2/3 trustholds. Would put $10mm in.
volt tipped:
0.34 USD
1 year ago
bazanga replied:
That would be interesting.
I wrote a guide and produced videos on this very topic. https://sym.re/SU9uFp9
glauce tipped:
0.93 USD
1 year ago
cog replied:
I recommend this method as well. It is holding 90% of my wealth for over a year with no issue.
glauce replied:
Wow that is comprehensive... I will take time to read and study the contents... thank you!
glauce replied:
Thank you Marquee... I specially like your guide on how to create a cold wallet with Simply Cash, one of my favourite phone solutions. Haven't done it yet, as I would prefer to use a phone with removable battery (physically offline)... that reminds me, I have to start searching again for a decent older phone for that purpose. Thanks again for the link, I think many people will benefit from all the information. I must say I am still hunting... I was hoping I could find something else as simple and intuitive as Money Button to add to the list, but seems we aren't there quite yet.
marquee replied:
There is inherently a trade-off between convenience and security. You cannot have both no matter what system you are talking about. Ultra secure things are less convenient because you have the friction of security. If you want convenience then Handcash or MoneyButton are great options. If you want high security then you must sacrifice convenience.
glauce replied:
Yes, it is a hard balancing act. I like the way you summarised it, I think people reading will be able to understand what their choices are a lot clearer, no matter how new they are to Bitcoin. Many thanks Marquee.
glauce replied:
Simply Cash cold wallet + great insights.. TT marquee
Also, you will need to worry more about your iPhone’s security than wallet security. This is simple— use a phone with FaceID and set your Time requirement short— the shorter the better. I do not think the offline cold storage hard wallet solutions are necessary. Trezor etc...
glauce tipped:
0.47 USD
1 year ago
glauce replied:
You touched on a sensitive point...thank you again! It is very useful to have as many perspectives as we can here. I think it would be preferable to have options of identification. Personally, I would not use an app that insists on FaceID, I view this as an intrusion on privacy.
john replied:
FaceID is the opposite of intrusion of privacy— your images are stored on a chip on your device and cannot be removed by the CIA if you bombed a school in the name of your demon lord. Look up “Secure Enclave” and then search for the shooting incident in the US which had US crime agencies demanding Apple open up FaceID. Apple did not. FaceID is probably the securest thing humans have ever used in the history of money. Also, Volt uses their own version not Apple’s, and their face recognition has a specific purpose but not closely tied with TSS signature.
glauce replied:
We differ on FaceID, which one imagines would make for a great discussion, but that would be very very short lived... my position on this is much too definitive to get this us going, we would end up stuck. As I said before, I would not use an app that imposes FaceID, I never did and never will, no matter in which form it is presented, I will simply reject said app as I have done so far. Not too bad for a short discussion, anyway... thank you for putting your views so clearly!
john replied:
Understood. I think FaceID is more secure than the photos you have of your family on your phone (whether it's an iPhone or an Android), and certainly more secure than using any paid cloud service-- especially Google (Photos) or Finstagram. So hopefully you also don't use FB products whatsoever, or at least not post pictures of any kind. Those pictures you post are sold to the highest bidder, and they read literally everything on them (so if you have a polo-event going on behind you in the photo, expect some Ralph Lauren ads coming your way if not horse-gear ads). Actually, you're FaceID photo in Secure Enclave is more secure than your Driver's License, your Passport sitting in your sock drawer (Babysitter could take a photo of it and sell to Russian hackers), and even just you walking out in public. And, FaceID isn't even a photo, it's just 3D representation of your facial features. But I hear you, it's a definite ID method, and if Apple every succumbed to the gobment, or switched to not securing it on your phone (via some underhanded deal with the gobment), and then stuck it into the fine print, you'd definitely have your fingerprints out there for people to abuse.
glauce replied:
Great! You covered a lot, thank you! Yes indeed, if you use FB, you are doomed... I never have... first look at the settings and the privacy blurb and I was out... I thought they were taking the mickey... that was a long time ago and I have never looked back... from that you might be able to gather where I stand about the rest. As for FaceID, I agree with the 3D qualities you mentioned, which for me, makes it a huge problem. I would classify it as closer to sculpture relief, or death mask, than to anything close to a photo, which is a mere 2D representation, but I don't tend to share any of that either, nor do I use face tags from this or that photo app... anything create to gather data has repelled me from the early days, so, when I say I will never use FaceID, I mean it... it comes from an informed position, for being against the data sucking frenzy that escalated as I withdrew. I am glad you hear me, that is nice. I agree with what you say and like to add I would not trust anything online, not as it currently stands, not to lose, sell or trade our data, let alone be hacked or even worse. Basically, I do not entrust sensitive data to anyone I don't have to by law.
glauce replied:
Nice discussion covering different points of view... TT john
glauce replied:
One last comment on FaceID, I hope the linked article seals that discussion... "Robocop Is Here – New Police Helmet Scans For COVID-19 and Uses Facial Recognition" https://thefreethoughtproject.com/robocop-is-here-new-police-helmet-scans-for-covid-19-and-a-slew-of-other-records/
john replied:
FaceID is an Apple product. Facial recognition is general. In my opinion Apple is doing it tge right way. As for the cops— that’s more nuanced but I share your concerns. Especially when it comes to “COVID-crime”— which is now as fully documented as absurd. Seems there will be a time when best option is to flee certain mismanaged countries, no? Einstein, Ayn Rand, Wright, Ayre, JJ Astor and many more left their countries! More on Astor here: https://sym.re/oavobE
glauce replied:
No one who demands a record of your face from all angles has the right to it. Your data is never 100% safe in someone else's hand. After you've given your face scan, why don't you also give Apple (or anyone else) your mnemonics?
john replied:
First statement true. Apple doesn’t demand FaceID. They still offer button-based phones and FaceID is optional. Do you use any privacy-security on Your smart phone? If so, your pin is likely stored in Secure Enclave— same as FaceID and FingerID. Secure Enclave is on your phone. Apple has no access to it even by subpoena. There is an infamous shooting incident highlighting this. I HAVE given certain companies my mnemonics. It’s a risk for sure, but so is my home safe. To each his own. Many many people have lost their private keys. Perhaps@volt currently does it best but certainly not risk-free either. Nothing that I know is risk-free. Now my question is— where do Android phones store pins, fingerprints and face recognition scans?
glauce replied:
Thanks John, I prefer to use data-neutral privacy-security methods on my devices, such as pin or password. As I said before, never FaceID. As for FingerID, I usually scan one finger/thumb, not the whole set, but I can do without this perk quite nicely. Unwriter's recent question on data ownership is very very timely.
mx1up replied:
re: fingerprints on android: https://source.android.com/security/trusty
glauce replied:
Nice content, thank you for the link@mx1up
In the US: A bank to Bittrex onRamp is unfortunately about the best we have. Once you have BSV, then distribute to as many mnemonic wallets as you feel comfortable. Money Button, HandCash, CentBee, RelayX, Volt, SimplyCash etc... Why so many? The more you spread the less any single attacker could get on the rare chance they had success somehow hacking the wallet. Write down you mnemonics on a piece of paper with great care, laminate the paper, and store in a safe in your home or elsewhere (your sister’s home). You can try some other spots which are even more secure but you have to determine how scared are you? What if you don’t like mnemonics? Volt wallet is made just for you— with large sums in mind. No mnemonics needed, they use Threshold Signatures which should become the future. You will have to trust@volt and@maxthon tho. They will act as “trustholds” should you lose your phone. Johnpitts@moneybutton BAEmail.me if you want more details on safety vs convenience considerations.
volt tipped:
0.7 USD
1 year ago
glauce replied:
Thank you for the great answer... you covered things nicely and extensively... also like the idea of spreading, I tend to use this method myself and think it is a must as things stand... but the problem remains, we're still depending on knowledge and effort to make this solution work... this is what I meant by waffle, I can see I wasn't clear, sorry for that. I will try to clarify it here, thanks for the opportunity... I am on the hunt for simplicity, not only for us, but for new people coming in... PowPing has done an amazing job of creating a "bridge" for new people... but what happens after they join? I think we need to find equivalent "bridges" for the basics, like buying and storing Bitcoin SV. Money Button already does a beautiful job of that, probably being the simplest and most intuitive way to store BSV, but for smaller amounts (although there is an option for a bit more flexibility, which I will share later)... back to the question... is there an equivalent simple solution for larger amounts?