Did I just lose half a million dollars?

Re:Did I just lose half a million dollars? by SilasX on Sunday January 30, 2022 @10:56AM (#30138235)

Also, in ten years you won’t know what to do with the 12 words because the application was abandoned and when you try to install it you get some error messages from npm about certain dependencies being deprecated.

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Re:Did I just lose half a million dollars? by topranks on Sunday January 30, 2022 @06:50PM (#30142580)

It’s fairly easy to derive the keys yourself, don’t expect any single piece of software going dead would cause a problem.

https://github.com/nilcons/crypto-key-derivation

Crypto currencies will be worth jack shit in 10 years in all likelihood though..

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Re:Did I just lose half a million dollars? by SilasX on Sunday January 30, 2022 @09:19PM (#30143738)

You have a different definition of easy than I do! You have to figure out which of those your client was using at the time, and then how to convert it into a currently functional client’s private key format. Most people need to hire a specialist to figure that out.

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Re:Did I just lose half a million dollars? by Rastonbury on Monday January 31, 2022 @01:43AM (#30145254)

There are standards for seed phrase generation and the big providers mostly use the same one called BIP-39 I think. That's why they advise writing the standard and wallet and some other info down with the seed phrase, a layperson likely won't

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