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10401  Local / Pilipinas / Re: Reminder: WAG MAG IIWAN NG COINS SA CUSTODIAL WALLETS & EXCHANGES on: January 06, 2020, 06:51:15 AM
Salamat sa paalala. Dati halos lahat ng pondo ko nakatabi sa coins.ph dahil ito ang pinaka trusted na site sa Pilipinas. Simula ng nagkaroon ako ng ledger dito ko na tinatabi lahat ng iniipon kong bitcoin. Mas maigi na ang secured ang pondo kaysa mailagay sa risk ang pinaghirapan ipuning bitcoin.

Since may Ledger hardware wallet ka na, mukhang hindi mo na kailangan ng paalala. Tongue

Ang kelangan mo lang gawin ay i-secure ang 24-word seed mo offline, iwasan ang $5 wrench attacks[1], and good to go ka na. Happy hodling!


[1] https://bitcointalk.org/index.php?topic=5183760
10402  Other / Meta / Re: 50 merit for an non-contribute topic on: January 06, 2020, 06:29:32 AM
Yeah.. This is quite shady. That 50 merit sent is the first sent merit from the gizmoh account in the last 120 days.

It's either:
  • He's sending the merit to a friend or to a secondary account
  • The gizmoh account got hacked
  • The 50 merit is bought

There's zero way that topic deserved the 50 merit lol.

The topic in question: https://bitcointalk.org/index.php?topic=5215178
gizmoh: https://bitcointalk.org/index.php?action=profile;u=87919
10403  Local / Pilipinas / ❗ [Security] Iwasang Gumamit ng Custodial Wallets, at iba pang Security Tips on: January 06, 2020, 06:09:45 AM
Alam ko, mejo naging paulit ulit na ang pag sabi ng mga tao about this, pero naisip kong kailangan ko ulit ipaalala ito after ko nabasa tong post na to: https://bitcointalk.org/index.php?topic=5215173

Please. 2020 na. Spend a bit more effort into learning about the kinds of wallets at kung ano risks nila. Kahit gawin niyo na tong New Year's resolution niyo. Unfortunately, kahit sa sobrang daming tao na ang na sscam at nahahack since nung nag simula ang Bitcoin, wala parin masyadong nakikinig sa payo na "NOT YOUR KEYS, NOT YOUR COINS". Pag hindi mo ginagamit ung coins na pangtrade, walang rason para mag iwan ng funds sa custodial wallets at exchanges.

And yes, ang Coins.ph ay under custodial wallet/exchange.

By storing your funds sa custodial wallets at exchanges, eto ang ilan sa mga risks:


Question: "Pero.. hindi pa naman nahahack ang Coins.ph ah? Safe naman ata tong wallet/exchange na to.."

- oo. "unhacked" rin naman ung Bitfinex at MtGox dati at some point diba? Tingin rin ng mga tao sobrang safe tong mga platforms na to. Pero anong nangyari? Nawala ung mga bitcoin ng mga tao na naka store sa exchanges na to. Props to Coins.ph sa pagbigay ng magandang serbisyo saatin, pero always remember na ang mga exchanges ay mainit na target ng mga hackers dahil marami silang pwedeng makuha pag naging successful sila sa paghack nito. Wag na nating hintayin na mahack ang Coins.ph bago tayo matuto.



Security Tips:

1. Wag submit lang ng submit ng personal information sa kung ano anong website.

2. Gumamit ng iba ibang password sa lahat ng online accounts, preferably, with 40+ characters. Para hindi mahirapan, gumamit ng reputable na password manager gaya ng KeePass at Bitwarden. Also, sigaraduhing secure ang master password ng password manager mo.

3. Palitan ang passwords, lalo na ung mga finance related accounts, every few months or so.

4. Gumamit ng Linux operating system instead of Windows, para ma-decrease ang chances nagkaroon ng malware/virus ang computer mo. For beginners, go with Ubuntu or Linux Mint.

5. I-check ang email addresses sa haveibeenpwned.com once in a while.



Reading materials:

Ilang noob-friendly non-custodial wallets




NOT YOUR KEYS, NOT YOUR COINS
10404  Local / Pamilihan / Re: How I Got Tricked and Lost all my Cryptos stored in Coins.ph on: January 06, 2020, 05:59:04 AM
Lessons Learned:

1. Ingat sa mga text na natatanggap na may kasamang link  kahit galing pa yan sa official number nila.

2. Always activate the 2-factor authentication  

Most important lesson: STOP STORING ALL YOUR COINS IN CUSTODIAL EXCHANGE WALLETS. Unless active trader ka, almost no reason para magstore ng coins sa custodial wallets. Pag kailangan mong gamitin ang features ng coins.ph(load, giftcards, etc), then mag iwan lang ng reasonable amounts sa coins.ph, pero wag lahat.

Kabayan, you're putting yourself at risk. Like please, read and learn more about wallets para hindi tayo madisgrasya ulit sa future. https://cryptosec.info/cryptocurrency-wallets/
10405  Other / Beginners & Help / Re: My journey on December 2019 (Nothing is impossible) on: January 06, 2020, 05:51:58 AM
Reply
  • The sentences have a correct grammatical function and written in proper punctuation.


I just want to point this out. The replies/posts doesn't really need to be grammatically and punctually correct at all. A lot of people here on Bitcointalk understands that people here are from very diverse countries hence having different levels of fluencies of the English language, hence having not-perfect grammar and punctuation is no problem at all. All that's important is that the reply/post is understandable enough.

Anyway, I wish you the best of luck to your journey to Full member!
10406  Local / Others (Pilipinas) / Re: Maharlika Money on: January 06, 2020, 05:44:52 AM
Ito na yata yung inaalok sa akin ng kaibigan ko na maging staff member daw ako pag nakapasok. tapos sinabi pa sa akin na huwag akong maingay dahil NGO daw ito at hindi basta2x sabihin kahit kanino. kung pwede lang mag mura ginawa ko na. muntikan pa akong maloko ah. talaga naman hindi ka talaga dapat naniniwala sa mga matatamis na salita. hanggang ngayon nag rereecruit pa rin sya ng mga tao. pinipiliit talaga akong sumali mabuti nalang hindi ko tinanggap. ito nga pala ang ebidensya na niyaya nya akong sumali.

https://scontent.fmnl7-1.fna.fbcdn.net/v/t1.15752-9/77402016_607948566411017_8827125144469110784_n.jpg?_nc_cat=110&_nc_ohc=dphprpzoZTgAQlT5NcuHdPJw5DY3DdwnkWDk2zQ9MYpHV7fom8BEg50ig&_nc_ht=scontent.fmnl7-1.fna&oh=e68d703212899ee1f10bf87d32fd1724&oe=5E970E3E

yan yung gamit nilang form.

Err. Mejo neutral ako sa "Maharlika money" na to nung una, pero kung ganito pala ang paraan nila para mang alok, sobrang mukhang typical ponzi scheme lang to na "currency" ang bagong pakulo. Kumbaga ibang klaseng style lang ng pang kombinse ng mga tao. Mali pagkaintindi ko, kala ko nung una isang city local government ang nag umpisa neto e, hindi pala. Kung sino sinong tao lang. 100% Alanganin.
10407  Local / Others (Pilipinas) / Re: Maharlika Money on: January 06, 2020, 04:29:45 AM
In my opinion, unless na susuportahan ng mga bangko at ATM machines itong currency na to, ang effect nito sa ekonomiya ay magiging sobrang liit na lang na tipong halos walang effect. Masyado na tayong reliant sa online banking at ATM withdrawals na magiging turn off itong currency na to kung pang physical face-to-face transactions lang magagamit ito.

Though remember, kahit sabihin nilang gold backed ito, wala tayong way para iconfirm na 100% legitimate itong claim na to. Personally still betting on bitcoin for the long term.

P.S. Hindi ko napanood itong episode na to
10408  Bitcoin / Bitcoin Discussion / Re: If Bitcoin is a get rich quick scheme, then fiat is a get poor slow scheme on: January 06, 2020, 04:11:59 AM
That's not true, you could quickly get rich on Bitcoin around the second half of 2017 - early 2018, but now very often you can lose money in Bitcoin rather than earn it.

Sure, but I technically could get rich by gambling money on a casino too. In your example, you need to buy and sell the bitcoin at the right time frames, which I really doubt most people can do. Timing the markets is mostly a gamble.
10409  Other / Beginners & Help / Re: Paypal phishing attempt on: January 06, 2020, 04:10:07 AM
You might want to use a different email address mate. Unless you share that email address you're using on public, there's a good chance that that email address already got leaked somewhere(most likely from a past website hack). There's a good chance that this is not the last phishing mail you're going to receive this month.
10410  Bitcoin / Bitcoin Discussion / Re: Annual Proof of Keys January 3rd on: January 03, 2020, 03:23:08 PM
"For the duration of the day".  And then presumably go back to business as usual and forget about it for another year.  I mean, I don't see any other way to interpret that.  

In my view, I think they could be doing a much better job of explaining exactly what they mean on the https://www.proofofkeys.com/ homepage, because the intended message is clearly getting lost somewhere along the way.  I'm not saying it's a misguided effort on their part, but it should be abundantly clear that checking for exchange insolvency is a secondary objective and not the main purpose of the event.

Yeap. The proof of keys website really does lacks a lot of information. If you want to get a sort of more "in depth" information about the proof of keys movement though, I suggest listening to those What Bitcoin Did Podcast episodes whereas Peter McCormack(the podcast host) talks with Trace Mayer(the person who started the movement). Trace Mayer goes more in depth about the movement that isn't explained or mentioned on the website, as the website does need a lot more work.
10411  Economy / Trading Discussion / Re: Do traders spend crypto when they can? on: January 03, 2020, 03:14:43 PM
The thing is, there will always be people out there that are just here solely for the money, and there's really nothing we can do with that.

Look at it this way instead. Regardless if traders use their gains either to sell their coins for dollar profit or if they actually spend the actual bitcoin they use, I don't think it's going to matter as that's really none of our business. One of the benefits of bitcoin is financial freedom, so everyone is free to use their money however they can. One advantage though for sure, is that these traders improves the total market liquidity. Hence, making the markets a bit more "stabler", which can lead to better long-term price discovery, even if it's really obvious that the markets in general are currently still very very volatile.
10412  Economy / Service Discussion / Re: Are we going to have a profitable bounty hunting in 2020? on: January 03, 2020, 02:59:23 PM
Besides bitcoin signature campaigns, I'd say forget it. The ICO and altcoin craze in general has died out a lot and it would take A LOT more convincing for people to actually invest in ICOs or altcoins in general; hence still, most, probably 95%+ or more bounty reward altcoins are going to be very very low in value.

This is probably not what you're going to want to hear, but I suggest spending your time elsewhere instead, in other things that are a lot more productive.
10413  Economy / Speculation / Re: Does proof of key event have any effect on Bitcoin price? on: January 03, 2020, 02:51:06 PM
It doesn't have anything to do with buying or selling so I don't think it will affect the price. On the other hand, if it causes an exchange to fail, that could result in a loss of confidence in Bitcoin , which may cause the price to fall.

Just to add: the proof of keys even can significantly decrease the trading volume(as they wouldn't be able to trade their coins), assuming that a decent total percentage of people who actually trade withdraws their coins from exchanges unto their own wallets. Now how does affect the prices, I really don't know. But it could probably mean increased short term volatility.
10414  Bitcoin / Bitcoin Discussion / Re: Annual Proof of Keys January 3rd on: January 03, 2020, 02:42:00 PM
That's a reasonable conclusion, but let's also not forget that some people aren't willing to write down 12-24 words on a piece of paper and take the security responsibility to themselves.

People are not ready to be their own bank, and even if they wanted to, most are not capable of it. To be perfectly honest, a good portion of those who buy/sell or just store crypto have big problems with the basics of IT, and the importance of private keys for them is something like science fiction. All this is the result of a long-standing system that promotes as little of one's own responsibility and the transfer of that responsibility to others, of course, with a price or a violation of privacy.

*snip*

I completely agree, hence I think we should try our best to educate the masses, especially the younger demographic. And yes, A LOT of people will learn basic internet/computer security in the hard way, a.k.a. the "Darwinian" way(by getting their funds stolen). This is why I tend to think that unfortunately, it looks like decentralized cryptocurrencies like bitcoin will be for the millennial generation and onwards; as the percentage of computer-illiterate baby boomers and GenX-ers are just too much.
10415  Bitcoin / Bitcoin Discussion / Re: Bitcoin kicks off 2020 more secure than ever as hash rate hits record high on: January 03, 2020, 05:27:45 AM
Let's not get too excited. I hate to be the doomsayer, but hashrate can potentially drop after the halving if the price didn't rise as the mining reward gets cut in half, hence profitability could drop for the miners, hence lower hashrates.

I don't want to be too pessimistic, but let's just be very realistic of the potential outcomes.
10416  Economy / Service Discussion / Re: Thought I got scammed but now what? on: January 03, 2020, 04:16:17 AM
You should slapped the head of that friend of yours of causing soo much hassle and damage to you yet he do prefer a scam company to you.

I'm not defending OP's "friend", but let's be a bit fair here. There's a good chance that OP's "friend" didn't also know that it was a scam in the first place, hence the "friend" referred the service to OP. It's actually a lot common that people think. Not everyone knows about ponzi schemes in general, yet a good amount of people endorse ponzi schemes with actual passion and with the actual intent of also actually helping friends & family members earn. It's not black and white in some(or most cases).
10417  Economy / Speculation / Re: Are we getting a pump and dump for this month? on: January 03, 2020, 03:05:54 AM
However, when the same pattern occurs three years in a row at almost exactly the same time, it can be easy to question the validity of this statement.
3 years is honestly a very very short time span. Even if we had the same market movement for 10 straight years, the price can still move in a different manner the following year; especially knowing that we're talking about a very very young asset class here. Not like other assets like stocks that has existed since as far as we can remember.

Also take note that the market sentiment and the people's perception of bitcoin today compared to the past 3 years, is very very different. Remember to also always take fundamentals into account, and to not only look at charts.

I know that the market is so unpredictable now,
The markets has ALWAYS been very unpredictable.
10418  Local / Others (Pilipinas) / Re: Madalas mo bang gamitin ang report button? Mayroong gabay upang makapag-report on: January 03, 2020, 02:41:13 AM
Is there any way or a specific comment na need ilagay sa comment space before submitting a report. Usually, ang nailalagay kong comment ay 'One Liner', 'No contribution on the topic', 'Spamming' mostly ganon lang. Since hindi ako madalas tumambay sa mga boards that contains spam threads kaunti lang din yung report summary ko.

Code:
You have reported 47 posts with 94% accuracy (44 good, 3 bad, 0 unhandled).

That will do. Usually nga ako "spam" or "off topic" nga lang eh. And mostly naman is obvious kung bakit nireport ang isang post at malalaman agad ng mod/admin ung rason ng report kahit hindi indicated. Kumbaga heads up lang ung report comment para kung hindi ganun ka obvious ung offense nung post.
10419  Other / Beginners & Help / Re: So how exactly will the halving of bitcoin block reward benefit bitcoin. on: January 03, 2020, 02:32:17 AM
It doesn't automatically increase the price. That assumes that demand won't decrease or that non-mining supply won't increase. In other words, we can't view the halving in a vacuum since the inflation rate is just one factor affecting the price.

Take a huge note of this. This could actually drop the price if we assume that people already bought enough bitcoin in anticipation of the halving, and them panic selling their coins if the price didn't actually increase as they were expecting. But in the end, we're just speculating and no one knows for sure what's going to happen with the short time price. Just as always.

In the mid to long term though, this should have a positive effect on the price simply due to the supply shock(hence lower selling pressure) alone.
10420  Bitcoin / Hardware wallets / Re: [BEWARE] Chrome Browser Extension PHISHING for Ledger Wallet Users!! on: January 03, 2020, 01:59:13 AM
What is certain is that the person/s behind this project have very poor knowledge of the English language, and it is not too intelligent to at least use an online translator. Just read this : "Developpig hardare wallet echnology that provides the hihest leel of secity for crpto asets." - It is so bad like some children were writing it, which is a warning at the very beginning.

Goddamn scammers, not even spending even a bit of time to actually grammar check(or spell check in this case) the things they're displaying with their scam software. What's actually baffling is that it still managed to actually scam people. People seriously need to stop getting so careless lmao. This is what happens when people rely so much on reversing transactions with banks, and suddenly getting surprised the most cryptocurrency transactions are final.
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