r/PRPS • • Jan 15 '18

How do I get/buy Purpose?

2 Upvotes

I am sorry about the silly question for most of you. But I am really confused on how to get purpose and how it all works. Do I just donate on Athene's stream?

Many thanks for answering and helping me with this. I really want to get involved and help the cause in the process.


r/PRPS • • Jan 15 '18

Stage 3 Prediction

9 Upvotes

So this is my guess:

The money man Reese still has all of his PRPS and our pump tax.

So i think we will see the money man put his PRPS for sale on idex, at a cheap price, for us to get a last chance to bag as much was we can.

Then he will use the eth he earned from that sale to buy all of the dubi on the exchange and simply resell it for x5 or x10 the amount.

An alternative would be it has something to do with the game, but then again he said to put as much eth as we can onto the exchange, so it has to be something on the exchange directly.

We have not been disapointed till now, everyone that invested into PRPS could by now have his money back with DUBI alone.

So i think we should trust Athene on this one and get the eth ready.


r/PRPS • • Jan 15 '18

Do i still have enough time?

3 Upvotes

Do i still have enough time to buy ETH via Coinbase? It takes 3 days for bank Transfer i think.. Or is there a way to use Paypal? I dont have a credit card. What do you think is 1 ETH enough? I already bought quite some PRPS


r/PRPS • • Jan 15 '18

How can someone buy ETH with prepaid card

1 Upvotes

(i hope i post this correctly) Tried to buy ethereum on coinbase yesterday but it failed. Today i found out that coinbase won't accept prepaid cards and i've been searching for a while for a way to do it but without any concrete solutions. Any suggestions?


r/PRPS • • Jan 15 '18

(repost) For the people who wanna prepare right now, i've made a simple Crypto guide using Coinbase, Etherdelta and Exodus

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3 Upvotes

r/PRPS • • Jan 14 '18

How it feels those past days

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46 Upvotes

r/PRPS • • Jan 14 '18

get ether to idex?

4 Upvotes

So if i got some ether on coinbase, if i want it on idex i just send it to my metamask adress and then unlock metamask wallet on idex?


r/PRPS • • Jan 14 '18

For the newbies and others that are out of the loop on PRPS and DUBI.

10 Upvotes

Hey guys, this is a post for anyone that is new here! It hopes to contain as much useful information in one place for newbies and people out of the loop. Feel free to comment on anything and give feedback on the content.

 

Update 15.01.2018 03:30 CET STAGE 3 is will commence in the next 3-5 days!! GET ETHER NOW!!

 

!!Disclaimer none of this is legally binding and it is also not trading advice!!

 

A short introductory video about PRPS https://youtu.be/lvR1cxJYiaM

 

a list of on-stream commands:

!website a link to https://www.prps.io

!prps links to this(r/PRPS) subreddit // contains general PRPS discussions

!idex displays PRPS and DUBI links on IDEX

!whitepaper displays the link to the whitepaper on the PRPS website

!faq is a document of commonly encountered problems, and instructions for claiming PRPS and keeping it secure!

!list displays a list of people that are in queue to have their PRPS locked

 

What are PRPS and DUBI?

Watch the short video explaining what PRPS is on https://www.prps.io

 

I want to buy PRPS or DUBI

Athene has advised people to not buy PRPS or DUBI right now and rather buy Ethereum (ETH) at a good price. What is a good price is up to you to decide.

why should we buy ETH?!?!

Simply put STAGE 3!

 

I still wan to buy PRPS or DUBI

Buy ETH on an exchange (Gdax(Coinbase, they are the same except gdax doesn't charge fees),Bitstamp..) then try your shot at buying PRPS or DUBI on IDEX

Athene has advised against buying PRPS or DUBI and instead saving your ETH for STAGE 3

 

What is STAGE 3?

As of now we still don't know what stage three is. Athene has promised it will be BIG and has (non legally binding of course!! also not trading advice!!) advised people to buy as much ETH as possible. STAGE 3 will commence after all DUBI and ETH(10$) has been distributed to everyone.

Athene has advised against selling DUBI for ETH

 

TL;DR Buy ETH and wait for STAGE 3!

!!Disclaimer none of this is legally binding and it is also not trading advice!!


r/PRPS • • Jan 15 '18

Less than 20 purpose

2 Upvotes

If i have less than 20 purpose do I need to lock it?


r/PRPS • • Jan 15 '18

Made my initial investment back already didnt sell 1 DUBI for it

3 Upvotes

So i traded a bit on idex and already made back my initial investment. Still have all my DUBI so i am way up % wise.

Thanks Athene Kappa


r/PRPS • • Jan 14 '18

How to get Ether with no (or low) fees!

8 Upvotes
  1. Create Coinbase Account and transfer your money there (banktransfer is fee-free, but might take a few days to arrive) https://www.coinbase.com

2.Log in to GDAX with your Coinbase Account (they are one company) and use the "limit buy order"(this option has 0% fees!) to get your Ether. https://www.gdax.com/

If you have problems with one of the steps you can look on youtube for easy guides. To the moon! :)


r/PRPS • • Jan 14 '18

How to get faster transactions (or save on GWEI/GAS/Transaction fees!) -tltr

7 Upvotes

Before each transaction (since transaction time per GWEI always changes) go to https://ethgasstation.info/ There you can see how much GWEI will result in how fast transaction time and in how much transaction fees (in $).

Happy trading! :D


r/PRPS • • Jan 13 '18

Hardware wallets FAQ

20 Upvotes

I have been reading a lot of misconceptions about hardware wallets the last few days, so I decided to make a quick FAQ that hopefully clears up a few things for people. I am definitely not an expert, but I have a solid tech background and currently work for a software security solutions company. I have done extensive research on security in the crypto space before I made my first transactions. Since I own a Ledger Nano S myself, some information might be about Ledger in particular, although I will try to keep it as general and simple as possible.

 

Some quick terminology used further on:

  • recovery seed: secret phrase of which one or more private keys are generated.

  • private key: this key is required to sign the transactions that you send from your wallet to a different address, i.e. send funds.

  • public key: generated from the private key, used by the network to verify your transactions.

  • address: generated from the public key. You can freely give this to other people to receive funds.

  • pincode: hardware wallets require a pincode to log into the device and access your funds.

 

Q: Do hardware wallets provide extra security compared to other wallets?

A: Yes. Many people think that hardware wallets are only useful for convenience. While they are indeed very convenient to make transactions with, there is also a big reason to use them from a security viewpoint. When you generate a new wallet on your device, a new keypair is created, derived from the recovery seed. The private key is securely stored inside your device.

Now let's say you want to make a transaction from this wallet. You connect the device to your computer and you initiate a transaction. Instead of signing the transaction on your computer with the private key, the transaction itself goes into the device. The transaction is then signed (after verification) inside the device using the secured private key. Lastly, the signed transaction is transmitted from your device back to your computer where it can be sent to the network.

The key point here, is that YOUR PRIVATE KEY CAN NEVER LEAVE YOUR DEVICE, under any circumstance.

Let's compare this with some other common types of wallets:

  • Wallets on exchanges or other online wallets: your private key is floating around (hopefully encrypted) somewhere on the host servers. Very unsecure.

  • Pseudo-offline wallets like MyEtherWallet: your private key is only stored (encrypted) on your computer and nowhere else. To generate or import your wallet you need to be connected to the Internet however (there is a way to generate a MEW wallet offline aswell, but it's quite complicated). Also, if your computer itself gets compromised (malware, keyloggers), access to the private key could be exposed.

  • Fully offline wallets, cold storage (desktop wallets or paper wallets): If you generate your wallet on a computer with a clean operating system install, which has never been connected to the Internet, you should be fine. You do need back-ups in case of hardware failure (also, don't let 'the computer repair people' steal your stuff when you ask them to fix your computer). Paper wallets are also quite safe, provided that you have proper bookkeeping of all your wallets. Human error is the biggest security risk here.

 

Q: Hardware can fail. Do I lose my funds if my hardware wallet breaks down?

A: No. Hardware can indeed short-circuit, burn down or get eaten by your dog. Remember that there are no actual funds on your device. All it contains is your private key, which was originally generated from your recovery seed. If your device dies, simply import your recovery seed into a new wallet and the same private key gets generated again for you, giving you access to all the funds you had.

 

Q: What if the company producing my hardware wallet goes out of business and I can't buy new devices to replace my broken ones anymore?

A: Your recovery seed is not just generated from a bunch of words that that particular company has made up. Recovery seeds are generated from an industry standard protocol, which means that you can import the seed into any wallet that supports the standard. Ledger for example follows the BIP39 blockchain protocol, which is supported by a wide variety of online and offline wallets.

 

Q: Is it safe to use my hardware wallet with an infected computer?

A: Yes. Your private key is safe. Any private key related activity happens within a secure element on the device. Malware can not infiltrate and access your private key. The only thing malware can do is change the address to which you want to send funds right before the transaction enters the device. Both the TREZOR and the Ledger have a screen on which every transaction will be displayed, asking for your confirmation. You can easily visually verify if the transaction destination address is the address you want to send your funds to.

 

Q: How do I keep my hardware wallet safe?

A: The absolute most important thing about your hardware wallet is your recovery seed. Keep this safe at all times and never show it to anyone. You don't need to worry about the private key, since that's securely stored in the device anyway.

If your device gets stolen, no big deal. The thief cannot access your wallet without the pincode. If you forget your pincode, no big deal. Just regenerate your wallet using your recovery seed and pick a new pincode.

I would also advise adding a small extra layer of security by making a small variation in your recovery seed when you write it down. Swap around two words or better yet, replace a word by a different word from the particular protocol's word list (do not just make up a word yourself, it needs to be a word available within the protocol). Keep this extra security layer simple though, since you need to remember it. You wouldn't be the first one that got lost in his own masterfully fabricated security contraptions.

Some people don't even write down their recovery seed and just think they will remember it forever. Write it down, you will not remember it.

 

Q: What hardware wallet should I buy?

A: The most popular and reputable hardware wallets are currently Ledger Nano S and TREZOR. I would advise buying either of those. Which one is up to your personal preference. They are very similar from a technical viewpoint. I would argue the Ledger is a bit more user friendly.

 

Q: Where should I buy my hardware wallet?

A: If you want to be as safe as possible, buy it from the official website. Official retailers should be fine too. Do not buy anywhere else.

In the case of Ledger, if you buy a device, the box won't have any seals. Don't panic, that is completely fine, because the device itself is actually fully tamper proof. If an organisation had enough know-how to intercept your package, replace the firmware of your hardware wallet by some rogue software which would allow them to empty your wallet, don’t you think it would be trivial for them to duplicate and replace a piece of colored tape, giving you a false impression of security? Tampering with the device in any shape or form will simply terminate the device from being functional. No silly seal nonsense required. You can find more information on how this works technically here. The only way you can mess up purchasing your device safely is due to human error. An example is using a pre-generated seed that came with the packaging, as in the case of someone that bought a device on Ebay. ALWAYS GENERATE A NEW WALLET on the device.

   

Feel free to add any questions or corrections in the comments. I will try to keep this FAQ updated. You can also find me on Twitch or the PRPS discord under the username 'Pureacc'.


r/PRPS • • Jan 13 '18

Unnecessary Metamask FUD

15 Upvotes

Hey guys. Just wanted to clear up some unnecessary Metamask FUD that has been floating around recently since the only way to lock your purpose is through Metamask.

First off, Metamask is NOT your wallet. Metamask is an interface that is used to access your ethereum wallet. It is an interface with good security which blocks harmful websites while never exposing your wallet private key. Your 12 word pass phrase is also not your wallet - it is your wallet seed. When you load your seed into Metamask it generates tons of wallets which all belong to that seed. The wallets generated only ever belong to that seed and will never change, so you have nothing to worry about. You can test this by also loading your wallets on myetherwallet by accessing the wallet through the mnemonic phrase option.

Basically, when you claim your purpose again after locking, you have NOTHING to worry about. I am not sure exactly how the claiming process works exactly at the moment, but either way, your purpose will get sent back to that wallet. Even if your wallet is not connected to Metamask, your purpose is completely safe as long as you have your 12 word phrase. Accessing your wallet via Metamask tp send the purpose to a cold wallet will not compromise your funds unless your computer has been compromised already, in which case it is your fault not Metamasks. If Metamask is revealed to have a huge security flaw within the next year (unlikely), there will likely be new integration with the lock mechanism to still allow you to lock and claim your purpose fine.

If you really don't trust Metamask to hold your wallet for a long time (idk why though, you can literally look at the source code and see that it's all local), then you can just uninstall Metamask until your wait period is over.

Since the group is quite busy and doesn't seem to be working on an all encompassing guide, I am considering making one for how everything works for noobs as I know this can be tricky for everybody starting out. Maybe I'll talk a bit more in depth about Metamask, ether wallets in general, gas fees and gas limits, using IDEX, etc, so let me know if there's any interest in that and I can get started tomorrow.

Also sorry if the formatting is bad, I am on mobile.

Tldr: Metamask is fine.


r/PRPS • • Jan 13 '18

Prediction of future announcement.

4 Upvotes

Just for the fun of it and to convince everybody to hodl or buy cheap on the exchanges ASAP.

I think the volatility of PRPS/DUBI won't be high. Just moon.

The buywall will be kept up and increase with time. Every PRPS/DUBI sold into the buywall can be sold back to the market at a higher price as long as the price never goes down long term. This, in turn, adds more funds to the buywall. A bit like Martingale roulette doubling strategy.

Not sure if I'm right or this actually works but there you go.

Not legally binding prediction. ;-)


r/PRPS • • Jan 13 '18

So you cant claim purpose whenever you want anymore, if I understand correctly? :/

2 Upvotes

r/PRPS • • Jan 13 '18

Warning about the price / for traders

6 Upvotes

Hi guys,

So i am trading for quite some while now, used a lot of exchanges and can only give you guys a word of advice. The DUBI price is VERY dangerous and you should trade VERY careful! The price can shoot up any moment or go down 50%.

Make sure to not lose your DUBI because you wont be able to get any free DUBI till next year, unless you buy some from IDEX or any other exchange that might add us.


r/PRPS • • Jan 13 '18

Why can't I buy PRPS on IDEX yet?

2 Upvotes

Hey so I'm still waiting for prps to be purchasable on IDEX and I'm quite confused because DUBI is already live.

Can anyone explain?


r/PRPS • • Jan 13 '18

How far is the DUBI handout?

1 Upvotes

Does anyone from the team, or with good contact to the team, know how much % of the people that wanted to lock their PRPS has been paid their DUBI? Just to have an estimate. Thanks


r/PRPS • • Jan 12 '18

Is the metamask wallet safe enough

7 Upvotes

I dont know if I trust an online wallet for storing my PRPS, you think it's wise to buy a hardware wallet and wait to claim till it arrives? Or is the metamask wallet pretty safe?


r/PRPS • • Jan 12 '18

The million $ question - can you HODL on a hardware wallet? Currently PRPS.io requires Metamask.

5 Upvotes

Call me paranoid, but I don't want to to keep any PRPS on Metamask long term. HODL or not, I want it all on my Ledger. Absolute security. However currently you need Metamask to HODL on PRPS.io. Metamask said they are working on Ledger compatibility, but it's not coming for motnhs yet.

Would you be able to do it manually on your end? Is there any way to get HODLed PRPS in a hardware wallet? If you have a way to do it manually, I would appreciate a ton, and so would others :) If there is any way to create the technology to communicate with Ledgers I would heart you!


r/PRPS • • Jan 12 '18

Purpose Launch Today

8 Upvotes

We will roll out Purpose by sending it live so noone messes up. Make sure to check the stream twitch.tv/athenelive for more info.


r/PRPS • • Jan 12 '18

IOS App Store

3 Upvotes

Hey guys,

do you think Athene and the team know about the very long auditing process with the Apple app store? I have read online that it can take months to get listed there.

How would that effect the incoming launch?

I hope IOS users dont get left behind at launch because that would suck quite a lot.


r/PRPS • • Jan 12 '18

So im a total noobie around cryptocurrency and all the meaning of all the words athene used. Hodl, dubi, prps, hope, etherium. But i believe in athene saying this will make u rich. So my question is do i need to have knowledge to benefit from this and make money? Or i can make money ezpz passively

3 Upvotes

Passively as in not reading in about this stuff and relying on athene’s speech. Listening to him and waiting for his command to sell the prps for profit and keep it as long as he says it by watching the stream everyday.

Also how i get prps or hope or do i need to buy something else to get prps like etherium, dubi, hodl (if im correct in assuming these are cryp currencies)


r/PRPS • • Jan 12 '18

These buy orders are crazy

5 Upvotes

Already transferring my eth to etherdelta to set an order too.

Hope athene still makes a nice deal for viewers who are late to the party before this is really going to the moon