Chainlink on Binance

Let's talk about the proper way to hold your stinky linkies. First and foremost, do NOT store them on a centralized exchange (IDEX is probably fine because even if their server goes down you can pull your tokens out of the smart contract. Its a hybrid exchange). Centralized exchanges can get hacked. No one is responsible for your money except you.

The other reason NOT to hold your stinky linkies on binance is that there is a btc trade limit. When the singularity hits, you may find yourself unable to get anything above that limit off for days and weeks. Then you have lots of LINK wasting away on binance, unable to be staked or stashed.

BUT, more importantly, you should not be selling your links at all because you can make passive income from staking them. Do NOT sell to the Jews. Hold on to your linkies and only cash out returns on staking. This will allow you to pocket money from the buying and selling of data indefinitely.

Finally, store your tokens in a hardware wallet (ledger is probably the best). A $200 investment to keep your linkies safe. Write down two sets of the 24 word phrases and hide them in safe places that are extremely hard to become compromised.
????
Profit

We're all gonna make it.
t. LTG Link Marine

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Other urls found in this thread:

medium.com/market-protocol/market-protocol-and-chainlink-team-up-to-enable-off-chain-asset-trading-on-the-ethereum-network-72c3ff4a3e1c
medium.com/linkpool/linkpool-the-first-network-of-chainlink-nodes-backed-by-a-smart-contract-9dc34593c4d
twitter.com/SFWRedditVideos

we're literally going to make it

godspeed

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>lose my hardware wallet

then what

ill stick with the place that keeps my funds safe.

ok, then where would i put them? is coinbase just a meme

This has to be bait.
If you lose your hardware wallet, you just buy a new one and reenter your 24 words...Just buy two if you're really paranoid and load them with the same words.
>the absolute state

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You literally can't store them on coinbase. Store them in a hardware wallet. Jesus.

Poor brainlet


Is it safe to put them and hold them using Mycrypro ETH Wallet

Just make sure your private key is backed up. MEW has a great walkthrough when creating a new wallet.

Send your linkies to your coinbase ether wallet address

Don't lead your fellow linkies astray.

Enjin
>/Thread

Hardware wallet if your unaware of OPSEC.

But otherwise if you feel like your up for it, definitely generate a key pair offline with myetherwallet. Then print the paper wallet on a USB printer. You can do all this within a secure linux distro.

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The thing with link tho is that yes, the funds are most likely safe on binance because they keep like 99% in cold storage. BUT if the singularity occurs link marines might not be able to move their funds off because of the limits. Since you shouldn't sell anyways (staking will generate passive returns) then moving them off early is probably a good idea.

>your unaware
>your up for it

Is that you Steve?

I'm a 4k linklet and cannot afford a hardware wallet, if I could spare another 100 euros now I'd just buy more link, is mew the best alternative?

Also I don't understand much about the node thing but from what I understand, I should just put my 4k into link pool whenever they open registration again, correct? Does anybody know when they will, I assume when mainnet releases? From what I understand the sooner you get on, the better the nodes you will get as the first movers will get more traffic and build better reputation? Now I regret missing out on the beta.

25% is a lot and I assume with only 4k even if I get like 10% annual link return, it won't be much, but I'm too brainlet to run my own node, and from what I understand the concept of linkpool means they will probably have better nodes than if you ran one on your own, and the 25% also cover the potential penalties. Is there any reason not to use linkpool and keeping it in wallet instead?

So help a brainlet out, for now move my linklet stack to mew then move it to linkpool as soon as they open, is what I should do?

You’re right on a lot. Make sure to send small test amounts to understand what’s happening. Don’t want to store your link, have it moon, and be unable to access it because of a forgotten or lost password.

I’m only going to invest a small part of my stack initially with linkpool to see how the network functions and what people are saying about it. Once it’s up and running too, competing staking pools may emerge with better returns than linkpool so I’m gonna watch the network closely after it launches.

I’m also not going to put all of my link in a pool so I can store it safely in my wallet until the space matures.

Can someone post a step by step on how to store link on a ledger? Im pretty much brainlet and i dont know how

Op is giving good advice here, listen to it linkies. Back in November when I started buying link I had my stack stolen because I just wasn't think and didn't use a hardwallet. Don't let this happen to you

>buy nano s
>Plug into computer
>go to mew (my ether wallet)
>go to open wallet
>go to open wallet using hardwallet, nano s
>five different ether addresses should come up, click one to open
>send link to that ether address

It's pretty simple, just google 'how to send erc20 token to nano s'

>le delphi meme
Kill yourself op

If a better competitor emerges, you could just move your stack or half of it to the other pool whenever you want and easily, right? Linkpool has no fees attached. I'm not sure what are the drawbacks or 'traps', the reasons not to go all in Linkpool unless you plan on running your own? Is there really a chance Linkpool could make you lose your links, when they actually use smart contracts for deposit and withdrawal?

contracts need to be audited, otherwise if not verified you risk someone exploiting the code and making off with your linkies

medium.com/market-protocol/market-protocol-and-chainlink-team-up-to-enable-off-chain-asset-trading-on-the-ethereum-network-72c3ff4a3e1c

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>To ensure complete security and confidence in what we’re providing, our smart contract will be audited prior to any main-net operation.
medium.com/linkpool/linkpool-the-first-network-of-chainlink-nodes-backed-by-a-smart-contract-9dc34593c4d

This. Always be vigilant

I'm in the linkpool slack and Jonny said hes got in touch with both QSP and Zeppelin for their audit. He's also said he's updating the PoolOwners contract so people can sell their shares easily and he's spotted an issue himself.

What issue?

You also can cerify your account on Binanace and get a 100 btc/day withdrawal limit.

Thanks and checked

Is Enjin wallet any good?

This as well.

How many linkies do I need to be able to stake?

more than you have

10+
Might even be 1 when they launch it

> I've spotted an issue with a 3rd party library `ItMap` that is used in the contract. There's no vulnerability, rather the sending of ownership can fail intermittently for a single person at certain times.
Doesn't sound anything bad, but good to see that he seems to have a good grasp on contracts. I bet he's salty that he has to pay like 5 figures for some neets to audit the contracts when he knows he can do it himself and probably knows more than the chinks reviewing it.

I'm scared of where to hide my key phrases though. All it takes is one robber to take them and that is it, all gone. Is it safer to hide a normal key written down on a certain page of a book, but make it so that the wallet it is for is also BIP32 password protected? I'd also keep one buried somewhere off site too. That way if someone finds the key they still can't open it, whereas if someone finds your ledger pass phrase you are fucked.

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But how many more? I have 8k right now.

Download dictionary.txt with all english words.
Disconnect from network
Scroll manually to all words and write a number next to them (if your third seed word is faggit scroll to faggit and write 3 next to it), do not use ctrl-f in case you have a keylogger in your computer.
use 7-zip AES 256 to encrypt the dictionary.txt with a strong password.
Upload to google drive and other drives.

1- No one will be able to decrypt it even if your drive accounts are hacked
2- if by some miracle you're a S o y b o y and use an easy password there is no way they'll know what the file holds
3- you'll have multiple copies

Fuck this is good dude. I might write down the password somewhere just as a complete total backup, but overall this sounds perfect. Makes it a lot easier to access the wallet anywhere.

Just send them to your Coinbase accounts eth adress. They won't show up on the app but if you check the adress on eherscan you will see that the links are accepted at Coinbase coinbank addresses. Send one the test, confirm on eherscan then send the rest when you see that the adress is accepting link token type.

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You don’t control the keys. You could never send them
>the state of biz

Link $9999 eoOctober 2017

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Seems your a bit off $5000 timeline bregh

Off by one!

thats off by 8

do i store them on myetherwallet??? u got me sweating

no

The absolute state of biz, never change

>buy good safe
>secure key phrases in safe
>drill hole in ground
>put safe in hole
>cover hole

explain why not

you might lose your json parser

What makes a hardware wallet "better" exactly?

Isn't everyone at the end of the day just a private key regardless?

Surely just generating a new wallet, and keeping it offline is just as secure?

Paper wallet has security risks when its created, and when its used to transact on the network.

Hardware wallet you could transact on a computer loaded with viruses, and as long as you verify the addresses on the wallets screen, you are still safe.

its going to zero, dont waste your time and efforts. the beauty of link is you can store where ever you want like trash

hardware wallets are essentially hsm's, how ssl private keys are stored in large organisations, storing keys in software is insecure, this is a private key that has never seen anything with the potential to be network connected, infected or compromised in any way.

the same is achievable with offline, live linux boot with no network, and ok for long hold. but if you want to interact with the wallet regularly, the hardware is much more convenient while still secure

Yeah until mew is hacked (or you use a phishing mew) and shows you one address then sends fundu to another address.

with a ledger you confirm the address on the display. if you arent a brainlet, you actually check

OP, what should I do if I only have 238 link on binance and 26 in my wallet?

Could I still stake? My goal was to invest just enough to pay off all my debt and have cash to spare for travel, but if I can still generate real passive income off this pittance of a stack I would bare the debt a while longer

Yeah forgot about that.
Upvoted for visibilitits

>and as long as you verify the addresses on the wallets screen, you are still safe.

> and as long as you verify the addresses on the wallets screen, you are still safe.

I said that fren

kek, in your place I'd go suck dicks to accumulate more, don't forget to lick the balls user.
though my dca is just 0.34$ and I've been accumulating for 11 months now, 2 part time jobs and failed my masters (free where I live), desu I would think of getting fucked in the ass for money if I didn't accumulate enough to make it (have 28K now).
no homo

if you signed up for linkpool you can, if you run your own node (costs involved) you can, if you wait till more pools come out you can.

the up side is rewards are paid in LINK. so more accumulating for the first year or so from rewards, before the price goes properly crazy

You can’t store link on ledger

Or if it says Ethereum it means all erc20’s?

Anyone know if its to late to sign up for linkpool, and what the advantages are of doing this instead of running a node? Was thinking about looking into running a node however not real technically savy so link pool might be better for me

cool, thanks. Another question, does anyone think exchanges like binance will stake nodes and then give %s out to the people who own them on the exchange?

yup too late to sign up but they're having a crowdsale that you can try and get into if you have family in a foreign country or foreign addresses if you're down to do something in a moral gray area (plenty of US citizens with resources to do so are doing this I would guess)

Yeah, good point about the withdrawal limit actually. I've got my stack in a brain wallet - hack that bitches. I am one with my Linkies and they're always with me now.

bummer I had a feeling it was to late. Unfortunately I do not know anyone outside the US. Not sure what I could do now.

...

>IDEX is probably fine

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Or just memorise them. Nothing written down, nothing on disk to be stolen. Don't know why you'd go to all that effort, especially since it's still vulnerable to a key logger. For the truly paranoid, only access the wallet using TailsOS so that short of the NSA there's no chance of anyone compromising you (nothing is ever installed or even written to disk).

Old smartphone in airplane mode is best wallet.

I'm outside the US fren – send me your links. I'm looking to get into the crowdsale too.

Crowdsale ended 31 july already. I am a contributor user. Just stake your link on linkpool when they go live. Or get a naas if you want to find your own datafeeds

Crowdsale ended 31 july. Just stake them on op when they go live or get a naas

Alternatively if you forget the words, you can just brute force word combinations until you find the one for your wallet. Just be nice and don't take funds out of a wallet if it isn't yours, systems like this couldn't exist without honesty.

Thanks user - I was away when it ended. Will have to be satisfied with staking.