This is my first post and by the title of my topic you can probably tell that I am a little challenged.
I set-up an PPC address and have the private keys and now I need to go ahead and learn how to send my coin from the cold storage address to my Peerunity wallet.
I have about a year and half experience with crypto but have never created a cold storage address offline before until now. But now that I have my PPC on the blockchain, how do I move it into my wallet?
I hope I’m getting you correctly… I’m assuming you’re having this private key stored as a QR code.
You could try scanning the QR code (if you have one) with the android wallet for Peercoin.
Then you would have it directly in your android wallet.
Or you could scan the QR code with any application you have on your mobile device and import the private key over the console with “importprivkey.”
Last not least… If you’re having the key as plain text, just import it via the console like in the step above.
If you are not in a hurry to send your coins, you can use the latest peerunity to check how many coindays your stash has accumulated (to be precise, how many coindays the transactions in your stash have accumulated ) with the “mint” “minting” page. Then you can use the POS calculator http://poscalculator.peercointalk.org/ to see if your coindays have a good chance to get POS reward quickly.
Note that if an transaction does find a block, the associated coins will be locked for 520 blocks (~3 days) during which time you can’t send them.
I confess I am pretty fickle when it comes to alt coins. Its hard to know where to be. I have about 6000 PPC. I bought it at around $1.50 each. Nubits pulled me in. Now I am officially a bagholder. I figured out I am not much of a day trader. I got lucky with Bitshares and made a big profit.
I think now … the “custodial” label on Nubits as not being truly de-centralized and having some risk exposure if the custodians bailed out is what is unclear.
“Hedgy” … a new Bitcoin idea interesting that trys to stabilize Bitcoin price. They too, make the distinction that they are not a “custodial” model.
As a bagholder, now … (please don’t be offended by my attitude) …
how do you respond to those who do not look at the “custodial model” in a favorable light?
… since I am not a coder … I am not able to appreciate crypto design … I am just a speculator …