Not clear on the use of a hardware wallet.. ??

[Covertibility]

Yeah looks like I had it wrong, I was deciding on a wallet over the summer and didn't quite understand the whole recovery seed process. I think at the time I was hooked on the Nano and just looked for any reason to avoid the Trezor.

https://twitter.com/x/status/926649590354530305

What else is new.

 

[Hoi]

This thread it just enforces my belief that BTC has a VERY long way to go before it even comes close to being accepted as modern day currency. The very people who champion it can not even agree on the transactional process or security protocols.

Yes indeed: as I wrote it many times before: we are still in 1995 Internet times.
Only a few (about 20 million around the world) are using it and no applications yet like Google, Amazon and Facebook. But the potential and the road is clear, as well as the gains for early adopters and VC's.
Just like it wasn't easy at all to drive the first horseless cars in 1905, and buy something on the Internet in 1995. It all changed dramatically over time.

 

[henry76]

Changed your mind Scatty?

 

[Scataphagos]

Changed your mind Scatty?

Well, of course.... a few times every day. But what are you talking about?

 

[henry76]

If I remember rightly you always seemed rather sniffy about Bitcoin etc ?

 

[Scataphagos]

If I remember rightly you always seemed rather sniffy about Bitcoin etc ?

I'm not into chasing BTC at high prices... but might drop a quid or two on some other someday.

 

[henry76]

Well good luck , I'm neither for nor against , I was just pointing out to those suggesting it had no value that it can be exchanged for hard cash , I do think it's very hard to determine (without hindsight) what is a high or for that matter a low price .

 

[vanzandt]

Scatman lookin at the intricacies of crypto's....
Hmmmm....
I smell a top.
When SOES buys in for a few BTC's........ go ahead and short the farm.

 

[Scataphagos]

Well good luck , I'm neither for nor against , I was just pointing out to those suggesting it had no value that it can be exchanged for hard cash , I do think it's very hard to determine (without hindsight) what is a high or for that matter a low price .

I don't think I ever said "BTC "had no value"... as it clearly does even if only until the mania about it runs out. I did say it has "no backing" other than some people willing to keep paying up to buy it. Glad to know you're concerned about me, though.

 

[Scataphagos]

Scatman lookin at the intricacies of crypto's....
Hmmmm....
I smell a top.
When SOES buys in for a few BTC's........ go ahead and short the farm.

I'll probably never have any real interest in cryptos unless I can get in on an ICO, get a "million or two" for <$.01, then dump them shortly after they go live. I was looking at that with the new Electroneum, but it ended up being a mess with the tokens not being released to the ICO investors on time.

I'm likely not a good indicator of anything... especially a crypto top.