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Thread: Bitcoin....who's gotten into it?
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01-01-2022, 09:19 PM #6801
Really depends on which coins you plan to own. Ledger supports the most coins. Definitely recommend buying with a method and address that are not linked back to you. Ledger doxxed a ton of their own customers a little while back. FWIW, unfortunately the UX is still pretty poor these days. Feel free to ask more questions here or DM.
This is a good key management guide. Give it a read to familiarize yourself with best practices. It has some information on owner and active keys which are specific to eosio blockchains, but essentially they are just 2 private/public key pairs for extra security rather than a single private/public key pair used by many blockchain softwares.
https://waxsweden.org/private-key-ma...t-for-dummies/
Casa has been my favorite storage solution by far. But it's BTC only.
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01-01-2022, 09:32 PM #6802
there were always dealers willing to scam parvenu like you by selling them fake shit. there are now dueling bored ape fakes
https://www.theverge.com/2021/12/30/...yc-copycat-nft
just classic rubes in the art market scamming bullshit. Real artists get their art stolen every day to sell as NFTs and get fuck all from it; but the dealers make money. Same as it ever was. “Line go up!”
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01-01-2022, 09:49 PM #6803
I've said it before, but art NFT's are the fad, but the use case for the token is authentication broadly. That has immense potential. Think inventory, identity, property, intellectual and real, and so forth.
Is it radix panax notoginseng? - splat
This is like hanging yourself but the rope breaks. - DTM
Dude Listen to mtm. He's a marriage counselor at burning man. - subtle plague
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01-01-2022, 10:21 PM #6804
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01-01-2022, 10:25 PM #6805
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01-01-2022, 10:27 PM #6806
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01-02-2022, 06:16 AM #6807
I think it's worth saying that wrt metamask, ETH gas (transaction) fees are not worth it for small value transactions and choosing the proper amount is an atrocious UX. Setting gwei too low and losing all your money when your transaction fails sucks.
For software wallets I'd say start with something like Phantom on Solana or the Wax Cloud Wallet.
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01-02-2022, 10:46 PM #6808
So, why shouldn’t I just keep everything in my Coinbase Pro account? Only talking about a few grand here. At least until BTC at ETH go to $100k.
Sent from my iPhone using TGR ForumsHowever many are in a shit ton.
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01-02-2022, 10:54 PM #6809
The most fundamental rule in crypto is not your keys, not your coins. You can certainly leave coins on an exchange, but there is an arguably higher risk of losing your shit. Coinbase could be hacked or your account could be hacked, especially with a weak password or phishing attacks. Coinbase could freeze your funds or any number of things. If you must leave coins on an exchange, at least use 2FA with Google Authenticator or similar and enable withdrawal address whitelisting.
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01-03-2022, 01:18 AM #6810Registered User
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Yeah not good to lol MTM's post. All of this stuff is leading to the fractionalization, tokenization, and financialization of everything. W/ modern technology entities can perfectly optimize for consumer preferences in ways they can't right now. Could be kind of dystopian, but could also be nice.
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01-03-2022, 06:51 AM #6811
This threads 7 years old. What’s crypto brought other than line go up wealth, scams and a flood of shit news? Some of which converts people into crypto shitposting zealots.
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01-03-2022, 08:30 AM #6812
Sorry, I know this is dense, but can't overstate how important:
https://www.youtube.com/watch?v=YShbzR7mlog
I feel a bit giddy, really.
In this 2022 kickoff presentation, Chainlink Co-founder Sergey Nazarov discusses the fundamental need for deterministic cryptographic truth over the current system of probabilistic paper-based guarantees, and how Chainlink is facilitating this crucial societal transition.
Nazarov explains how Chainlink has come to secure over $75 billion by providing secure and reliable off-chain data and computation services to dApps, and then details plans for cross-chain interoperability using CCIP, the upcoming release of staking, and the use of Chainlink as an abstraction layer by Web 2.0 and enterprises.Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
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01-03-2022, 08:32 AM #6813
SN=SN
jk
kekLive each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
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01-03-2022, 10:10 AM #6814I drink it up
- Join Date
- Oct 2002
- Location
- my own little world
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- 5,866
Bitcoin....who's gotten into it?
Not to pile on, but any wealth gains have necessarily come at the expense of somebody else. It isn’t actually adding anything to any economy in any meaningful way. It’s just picking some new winners, and I’m at a loss to understand why that’s a good thing unless you’re one of those winners (and good for you if you are).
It burns time, natural resources, and a lot of bright minds. Which, I’m fine with the latter. We have to spend time finding solutions to problems we haven’t identified yet; that’s what progress looks like.focus.
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01-03-2022, 10:38 AM #6815
There is data showing that a very large % of world gdp is skimmed by folks that contribute nothing. Hopefully that can change.
Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
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01-03-2022, 10:40 AM #6816
But honestly I don't care what you think.
Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
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01-03-2022, 10:56 AM #6817I drink it up
- Join Date
- Oct 2002
- Location
- my own little world
- Posts
- 5,866
Bitcoin....who's gotten into it?
Right. That isn’t a good thing, right? Even if it isn’t the worst thing you can point to, it isn’t exactly positive. Coming up with new ways to do it isn’t positive either, the fact that it’s already happening notwithstanding. Not in overall benefit-to-society terms. For you, it’s great. And that’s cool. You ride that gravy train until it crashes. But philosophically…..
What? Nothing says you don’t care like telling me you don’t care.focus.
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01-03-2022, 11:33 AM #6818
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01-03-2022, 11:40 AM #6819
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01-03-2022, 11:43 AM #6820
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01-03-2022, 01:07 PM #6821
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01-03-2022, 01:57 PM #6822
I regret to inform you that the "crypto is a ponzi because I am too stupid to understand it" crowd is out today. Again.
https://twitter.com/BullyEsq/status/1478087726385741826Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
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01-03-2022, 01:58 PM #6823Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
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01-03-2022, 02:05 PM #6824
A fucking cult.
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01-03-2022, 02:11 PM #6825
I mean that 99.9% of the people on teh TGRs will never know what it's like to not have access to banking services that we all take for granted. A cheap smart phone in a developing nation gives instant access to the very same decentralized Bitcoin network everyone else uses. It really is game changing.
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