One of the largest wallets was compromised - what we know so far

kogmaa · 2023-06-04T09:10:29+00:00

It’s scary af but pretty rewarding.

Recommend to do a full delete-and-recover exercise with 5 dollars worth of crypto, before you fully commit. That is, transfer some bucks, make sure everything is fine in the wallet as seen from your computer, then delete everything, wipe the cold wallet etc. until the only thing you are left with is that piece of paper with the seed phrase. Then recover.

Not only will you gain confidence in what you are doing but you’ll also learn a lot about crypto in general.

kogmaa · 2023-06-04T09:02:22+00:00

This is what happens in a society with the basic sentiment that it’s ok for the strong to take from the weak: In the end everyone loses and is poorer than before.

Unless people learn that being “nice” (for lack of a better term) is not the same as being weak and doing the right thing benefits everyone, the world will go to shit. That goes for a small town in Russia as it does globally with our environment.

kogmaa · 2023-06-04T06:01:14+00:00

Sorry mate, that must suck big time!

kogmaa · 2023-06-03T16:53:02+00:00

The Daedalus software was the official thing? So, needing tons of storage and taking hours to sync?

kogmaa · 2023-06-02T15:34:42+00:00

You are welcome.

Brains are fallible, that’s just how it is. I recommend to do a full wipe and recovery test with 5 ADA in a wallet before you put more in (eg with your new Trezor). Gives ju confidence in your disaster recovery.

If it’s just the order and you have an idea what you did, there’s a decent chance to recover since the number of possible permutations will be limited.

Good luck.

kogmaa · 2023-06-02T11:48:18+00:00

Pretty good article by Messari.

kogmaa · 2023-06-02T11:30:35+00:00

If you borked a word or mixed up the order you might end up accessing a different wallet.

But as long as you have the correct seed phrase you should be fine.

You can also try to recover in a wallet that supports multiple UTXOs, like eternl. This also allows you to make an intrawallet transaction to consolidate everything into a single address, for example to use it with nami. Just make sure that you use a legit wallet.

kogmaa · 2023-06-02T11:03:40+00:00

Are you sure that you used the correct seed phrase? The same seed phrase will access the same wallet.

Note that even if a different UTXO address is generated, you should be able to see all UTXO addresses that belong to the same wallet by looking at the „controlled stake“ in the online blockchain explorer.

kogmaa · 2023-05-31T20:25:24+00:00

Creating a “coin” on Cardano is easy, no need for a contract even, since coins are represented on the chain like ADA itself, just with a different minting policy.

Learn more here: https://docs.cardano.org/native-tokens/learn/

There are thousands of coins already, have fun and add some more. If you find enough people who invest, it might be worth something. All depends on the value of your project or the hype you can create.

kogmaa · 2023-05-31T20:09:45+00:00

Congratulations! Great to see this thrive!

I still remember the first beta and all those critical voices claiming this can never fly. In a sense that’s right, it doesn’t just fly, it soars.

kogmaa · 2023-05-31T20:02:41+00:00

Great stuff!

Now it just needs to support multiple UTXOs…

kogmaa · 2023-05-31T15:49:12+00:00

You might want to fact-check this.

kogmaa · 2023-05-30T16:38:00+00:00

It’s a question of focus, I think. If you are poor you don’t have the luxury to think about how you look nor invest money or time into it.

On the other hand, if you don’t have any financial issues your mind is free to deal with health and looks.

kogmaa · 2023-05-30T12:14:27+00:00

Well, you are in the Cardano sub - so don’t expect a balanced view.

Lots of people here are also less interested in investment than the technology itself, so investment discussions are discouraged here.

That said, it’s a great investment! ;)

Seriously: Cardano is a well-built chain. Constant development, secure, easy to use, great tokenomics and decentralization. Currently scaling is a big topic in development with a number of solutions being worked on - if anything this might be a weak point. In my view however it’s got very good potential and plenty room for further improvement even in the light of it being already a great chain. So yeah, go for it, it’s only going to get better.

kogmaa · 2023-05-30T12:03:41+00:00

That’s an interesting way to put it. Yeah I guess at least those crypto folks that are knowledgeable enough to use deFi contracts (as opposed to pure investors who rarely do any transactions themselves), are finally starting to see Cardano as a chain of substance.

Going to be interesting to see what happens if also the investor types catch on. I guess for the majority of those there is only BTC and ETH. They probably won’t use Cardano either, but might change the demand for it completely.

Time for the scaling to get into gear….

kogmaa · 2023-05-29T18:40:18+00:00

Yeah, Ledger Nano S seems to be too limited hardware-wise to get the firmware upgrade for seed backup. Should be relatively safe and works well for me with Cardano.

kogmaa · 2023-05-29T18:38:01+00:00

Note to self: research keystone…

Thanks for the tip - mind reporting back how it works once it’s integrated?

kogmaa · 2023-05-29T01:41:20+00:00

Lol - Cardano is shit - total ghostchain! No, wait, it’s shit because it’s completely overrun with meme coins! Can’t even do smart contracts…. well ok, but can never run a dEx…

Make your mind up already, will you? This kind of advice is tedious. Little bit funny too, but mostly tedious.

kogmaa · 2023-05-28T16:29:46+00:00

Yeah, but not ori-calories… oracles | oricals

kogmaa · 2023-05-28T08:31:23+00:00

tl;dr - Bitcoin got NFTs now and the ledger size is about to explode.

kogmaa · 2023-05-28T08:25:14+00:00

I’m kind of like, what kind of cals? Ori-cals?!

kogmaa · 2023-05-28T08:09:04+00:00

Frankly Ethereum doesn’t have the best user experience. While it’s the number 1 smartchain by market cap by a fair margin, the user experience on other chains is much better.

kogmaa · 2023-05-28T05:40:05+00:00

Domestic abuse on international scale.

…and there are always those idiotic “she must have done something to provoke him” voices. Victim blaming is the worst.

kogmaa · 2023-05-27T16:27:52+00:00

Without knowing history and details: your husband is right. I’d also be pretty annoyed if a car ride would be seen as an uncomfortable burden on a relationship.

The real question is what makes you think that this could be a problem. Are you insecure? Explore the feeling and root it out! Did he give you reason to doubt his commitment to your relationship? Then take steps together to build that trust!

kogmaa · 2023-05-25T17:14:57+00:00

Literally all poly people I know say that poly can never be solution to mono relationship troubles.

It’s a total anti-pattern. Like someone telling you, you’ll have less car accidents by just hopping into an airplane and fly around a bit. A recipe for disaster.

OP got trolled in the worst way.

kogmaa

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