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at3n

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  1. But, the point is that you can keep the word list fully locked away, and never remove it, and still be able to transact. With a paper wallet you need to take the secret out of storage every time you create a transaction, and with that comes potential vulnerabilities. Not if you sign the transaction offline. You can use a fully offline computer to sign transactions, and send the signed transaction sent to an online computer using a QR code. That is one of the best solutions, if you can actually keep the offline computer truly offline. Many wallets support offline signing.
  2. Many possible reasons depending on your circumstance. Have you considered that with a Nano, no-one needs to see the secret key (even in encrypted form) in order to use it? There's much less of a need to worry about cameras, and no need to worry about keyloggers, or leaving the piece of paper lying around by mistake, for example. If an unencrypted paper wallet is stolen, then game over. If a Nano is stolen, they're not going to guess your PIN in three tries. Different people have different preferences, there is no "best" in my opinion. Totally depends on how much you have to put in it!
  3. at3n

    Questions about using Bithomp

    "Generating" a wallet doesn't actually interact with the ledger, it's simply creating an address/secret key pair to use as you wish. It does not need to be funded in this case. The transaction fee is set every time a transaction is made, and is only linked to that transaction, it's not a commitment to continue using that fee in the future. That 1200 drops was paid to set up the multi-sig wallet. It could have been much lower, and would probably have worked, but I guess he was just playing safe. When there's a lot of ledger activity, the required fee will be higher. That makes sense to me! No need under normal conditions to go as high as 1200, unless you're extremely desperate for the transaction to go through first time. In theory yes, but in practice no. It's not something to be worried about, unless you use malicious code which generates pre-defined or predictable wallets. I don't know the numbers, but there was discussion here, among other places: theworldexchange.net was a good one, although it no longer seems to be hosted online, but you can download it and run yourself. ripplerm is a flexible web-based wallet as well.
  4. Ah, I didn't realise that was Toast, I've never used it. Yes, personally I'm impressed so far with the process, Allvor's progress is encouraging.
  5. It's easy to imagine how this process could be sped up, for example give the user the option to use a fingerprint instead of a password. Or to make it really streamlined, there could be an option to "pre-authorise" the transaction, for example allow fingerprint authentication even before the app sees the QR code, and then allow the app to send the transaction immediately as soon as it does see the QR code. So you could be unlocking the app with a finger as the cashier is entering the price, then scan the QR code, and 4 seconds later the transaction is complete. I think it's much more important at this stage to get the actual transaction time reduced, which means simply reducing the amount of time it takes for the terminal to notice that the transaction is complete. Then the user experience can be improved, which I don't think will be a serious hurdle.
  6. Not sure where you're getting 25 seconds from. The transaction was initiated at 0:29 in the video, the phone reported that the transaction was sent about 4 seconds later, and the terminal picks it up 6 seconds after that. So it seems like the terminal is a ledger or two slower than it could be, presumably it could be optimized to make it more responsive.
  7. at3n

    Premium Domains For XRP

    For you, special price:
  8. at3n

    How to tell if someone is scamming you?

    A scammer is not necessarily a hacker, nor vice versa. A scam site will likely not display verifiable information about their business (registration numbers, information about employees, business address), may present "reviews" that seem dodgy, offer a product that seems too good to be true... If you're uncertain about a particular site, try to find out as much info as you can about it, and hopefully by the end of that process you'll have a good idea if you can trust them. Ultimately there's no one method to work it out, even seemingly legitimate and well publicised businesses can be scams (Bitconnect...). To avoid hackers, keep as much information about yourself private as possible, don't click on unverified links, protect your secret keys as much as possible (cold wallet, hardware wallet, dedicated PCs etc.). Be wary of unsolicited contact from random people on the internet. Use 2 factor authentication where possible. Be aware of your email addresses or phone numbers that could be used to reset exchange passwords if compromised and protect them. Not an exhaustive list but hopefully helpful.
  9. at3n

    If you lose Ledger Live Password for Nano S?

    Yes, you just reset Ledger Live and need to connect the Nano to load your accounts into it again. That password doesn't protect the contents of your wallets in any way.
  10. One reason could be that if they used XRP they couldn't have done the giveaway, which was probably very significant in terms of marketing the platform. Also, people with existing stacks of XRP might be reluctant to start spending it on day to day items; think of the potential tax liability for people who got in early and once the price goes up again. This will also apply to ALV if the price ever gets off the ground, but to most people it will be free money to begin with anyway, and hopefully that usage will help attract real users who will buy ALV in order to purchase things with it.
  11. This seems to be the transaction in the video: 12B90FCB582C125447BE2244C8DDEAB328632975EEC45D12E879D86FD76CA823 Cool to see a demo of a POS device and the realistic speed that one could expect to achieve with XRPL.
  12. at3n

    wallets

    The biggest difference is: With Toast on a USB stick, you still need to load all of the secret data (keys) from it into a computer's memory in order to be able to use the wallet. There are many security reasons why you might not want to do that. A real hardware wallet doesn't transmit the secret key to any device, it uses its on-board computer to sign transactions and only sends the completed transactions to the PC. A good hardware wallet also has a screen and buttons on the wallet to allow the user to verify that the transaction that it's signing is the correct one.
  13. This has been discussed to death multiple times, e.g. Very polarizing topic.
  14. at3n

    Help

    Some earlier version(s) of Ledger Live were very buggy and there could be problems sending payments, are you using the latest version?
  15. There's no destination tag required for sending to a Nano S, and it wouldn't make a difference if you put one in for some reason. A destination tag is just a number to help the receiving wallet identify your deposit, if there is some reason for it to need to. Sounds like the problem was with Bitit, did it get resolved? In any case, until it leaves the exchange, there is no way to track it, unless the exchange provides some tracking mechanism within their own site. Only once the exchange sends the transaction on the XRP Ledger, then you can track it using the transaction ID (hash), which the exchange would have to provide to you.
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