spudowiar 2017-01-11 10:45:26
gmaxwell: Something about http://www.coindesk.com/bitstamp-court-1-million-dispute-ripple-jed-mccaleb/?
piqure 2017-01-11 10:45:27
^^^ WARNING: any URL may lead directly or indirectly to COIN-STEALING MALWARE! ^^^
nigelfroggy 2017-01-11 10:55:11
TheButterZone, I'll be back in 10 min hopefully
TheButterZone 2017-01-11 10:55:16
k
nigelfroggy 2017-01-11 11:21:02
TheButterZone, I'll be around for at least an hour
TheButterZone 2017-01-11 11:21:17
pm sent
rapscal 2017-01-11 11:23:21
new to bitcoin, currently using offline electrum wallet, is there any advantage to making multiple electrum wallets? currently I'm on two exchanges and just sending btc to that one wallet. Is the continuously generated receive address enough anonymity/separation of transfers?
Dizzle 2017-01-11 11:25:27
There is an advantage to making multiple wallets in exactly the area you mention. Without freezing individual addresses, there's no way to ensure your Electrum wallet won't join inputs from your multiple single-wallet addresses to be used in correlating your wallet components. It does do a very good job of avoiding the joining when it can though.
fireduck 2017-01-11 11:27:02
rapscal: You might want to have an offline wallet with most of your funds and an online wallet that has less but you don't have to be as careful with, since the impact would be less
fireduck 2017-01-11 11:27:33
And then separate wallets for any funds that are separate, like accounts setup for minors
Dizzle 2017-01-11 11:27:56
Additionally, if anonymity is a big concern for you, Electrum has a disadvantage in its dependence on someone else's ledger knowledge (an Electrum server). A server could choose to log or report correlations between times, IP addresses and addresses that have been queried by your Electrum wallet.
rapscal 2017-01-11 11:28:42
fireduck: I'm using a Jaxx wallet for keeping some spending coin on, and the offline electrum for everything else. Also thank you Dizzle for your response.
Dizzle 2017-01-11 11:29:58
If you want to check what correlations can be made (without change-guessing), you could plug your addresses into https://www.walletexplorer.com/
piqure 2017-01-11 11:30:00
^^^ WARNING: any URL may lead directly or indirectly to COIN-STEALING MALWARE! ^^^
trotski2000 2017-01-11 11:33:09
rapscal: if anonymity is a big concern to you don't use electrum, it's a privacy shitshow. It send your full list of addresses to a server. You should assume that server is run by chainanalysis guys who also log your IP address and also receive lists of addresses from exchanges.
Pilate 2017-01-11 11:33:52
it may even be run by putin himself
rapscal 2017-01-11 11:34:15
Originally I had built bitcoin-core, downloaded the blockchain and generated a wallet that way, but electrum seems convenient, possibly a bit more recoverable too, I don't know. I don't intend on using my coin for anything illegal, I just dislike giving up privacy if I don't have to.
gmaxwell 2017-01-11 11:36:47
the annoying thing is that the privacy loss is forever... and also hits people indirectly. Maybe Bitcoin gets outlawed in the UK in the future... well if I transacted with people in the UK and wasn't careful with my own privacy, perhaps I'd be giving away information that leads to their bitcoin being seized..
fireduck 2017-01-11 11:37:24
You can always run your own electrum server
fireduck 2017-01-11 11:37:30
electrumx is pretty fast to sync
trotski2000 2017-01-11 11:39:25
Hopefully Core will end up rolling up a user friendlier way to manage cold storage.
mryandao 2017-01-11 11:40:04
trotski2000: it already has a user-friendly way
trotski2000 2017-01-11 11:41:17
mryandao: not really if you want to do offline signing. Furthermore, the ability to back up a 12 words seed on paper is friendlier than relying on digital wallet backups.
gmaxwell 2017-01-11 11:41:22
mryandao: you may have a different definition of user friendly than others.
rapscal 2017-01-11 11:42:03
I have to provide exchanges with KYC & AML information, so the wallet I transfer out to will always be known on the exchanges log. Right now I just want to move fiat savings to bitcoin because I believe in the technology. Besides only buying bitcoin for cash locally, and using my own locally generated wallet, what is a better alternative than an exchange to electrum offline wallet?
mryandao 2017-01-11 11:42:05
there's even a wiki guide, i cannot see how much more user friendly it can get
gmaxwell 2017-01-11 11:42:43
rapscal: not the _wallet_ but the particular addresses. There is no need to link all your other funds together. But unfortuately lite wallets and electrum (if you don't run your own server) do this. :(
rapscal 2017-01-11 11:43:15
as a new user to bitcoin, what trotski2000 said is why I'm using electrum now. offline signing and 12 seed word recovery.
gmaxwell 2017-01-11 11:43:24
mryandao: Well I offline spend with bitcoin core and am fine with it-- but I don't think it's particularly user friendly-- it has a lot of steps.
mryandao 2017-01-11 11:44:08
gmaxwell: how did you setup your offline machine in a way that convince you that it's truly secure?
mryandao 2017-01-11 11:44:25
surely, you had to start with some distribution you got from the Internet @.@
trotski2000 2017-01-11 11:44:37
rapscal: depends. If you want convenience and user friendliness probably electrum is the way to go. If you want privacy, Core. As gmaxwell said even if the exchange has your details you can mitigate the privacy impact by using a privacy friendly wallet like core.
