Unfortunate. But I don't think accounts getting locked/closed due to funds coming from/to gambling sites is really nothing new. Anyway, since you can't use Coinbase now, take this opportunity to try out the more decentralized exchanges we have right now like Bisq[1]. You probably can't instantly buy/sell bitcoin on decent prices, but you won't have any problems like what you had with Coinbase. If you aren't in a rush, just set buy/sell offers yourself.
[1] https://bisq.network/ |
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Regardless if this is the forum's actual logo or simply just the forum's Favicon, I'd say this should be the logo even if we already move to the new Epochtalk forum. The logo might be very dated compared to today's modern logos, this is the logo that we've been seeing on our Bitcointalk browser tab as far as we can remember. |
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The way I read on the news is that this phone is soon coming to the market. I think we have the same reaction. I was assuming that running a full node can benefit someone who owns the gadget with this program option but there is nothing to be gained there. Maybe it is just the idea that you are now part of something trendy like the blockchain and Bitcoin and therefore what you are holding in your hands can be very valuable.
There are actually advantages of running your own full node. When you run your own full node, you are literally your own bank. When you use most common wallets like Electrum, though they're trusted, you're merely trusting a third party in some way. You have more security(assuming you store your private keys in a secure manner) and privacy when running your own full node. Not because they don't pay you, it doesn't automatically mean there's nothing to be gained. Again, check this out: https://www.youtube.com/watch?v=oX0Yrv-6jVs |
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So the article has failed to point the impact on bitcoin in case of a recession! We all know there are only two ways, either it goes up or down! Chance is, that bitcoin will see new height in case there is a recession! Recession usually impacts the trust of the mass! In case the trust factor comes to play, precious metals and bitcoin are expected to see heavy demand!
Well, let's be honest here. What did you expect? It obviously failed to point out the impact simply because nobody knows until it actually happens. I'd rather have an article being neutral and accepting that there's really no way to know for sure that's going to happen rather than an article claiming that X is guaranteed to happen. Also, you're assuming that the masses actually trusts bitcoin. The masses still looks at bitcoin as an investment vehicle instead of an hedge in economic uncertainty. |
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If Im a regular bitcoin user with a bitcoin wallet on my phone installed that can be use everyday to pay for my friends and to online stores that accepts bitcoin do I have to purchase another phone like this that can run a node? Is there any importance or advantages of using it? I think its not so practical using this kind of phone in my point of view, just a waste of money.
If you want to run a node, just run a node on your computer and store only a small amounts on your mobile wallet. Just like pooya87 said, running a node on your mobile phone is taking it a bit too far unless you find it ok for your phone to be frequently syncing, as it's going to drain your data limit and battery. As for running a node, take it from the man himself, Andreas Antonopoulos: https://www.youtube.com/watch?v=oX0Yrv-6jVs (P.S. There is no financial incentive to run a node if that's what you're thinking). |
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A better 'con' for Binance is that they're in a sort of gray area in terms of regulations; hence Binance has different versions(e.g. Binance(international), Binance Jersey, Binance US).
That grey area is tightening every month that goes by, where the end result will be that a whole lot of no-kyc users will be trapped inside Binance's ecosystem. The only way out is to hand over Binance your ID and whatnot, but after what happened with their third party kyc desk, I'm not sure if that's smart to do. I'm sure that Binance has taken some extra security measures, but nothing guarantees you that they don't still use a kyc desk somewhere in India or other third world country. I put much more confidence in Coinbase in that regard, and they haven't ever been hacked as far as I'm aware of, and they are less likely to hire a third party kyc desk. Oh I definitely see it coming in the future. Might be in more than a year, but that day is probably coming. New Jersey and the United States are the first pieces of the domino, and the other dominoes are up next to fall in the future. But yea, thankfully Binance is announcing AML/KYC restrictions ahead of time(a month in advanced I think?), so the effect isn't that bad compared to some exchanges that require AML/KYC information all of a sudden. |
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From your post I understand that Jaxx is not recommended. What about other wallets?
Coinomi should do fine. I haven't tried using and I haven't researched about other wallets like the Trust wallet so I really can't comment on it. Just go with Coinomi if you don't have much, and go with hardware wallets like Trezor[1] and Ledger[2] if you have a significant amounts of money invested into cryptocurrencies.
[1] https://trezor.io/[2] https://ledger.com/ |
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Storing my funds on something that's in my pocket/hand every single day? That's a no for me dawg. This is ridiculously unnecessary in my opinion. Also, what's the advantage of this compared to just using ABCore?
Also, it's funny how media news sites are calling this a "blockchain phone".
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- Collect users data such as IP addresses
To be fair, I'm pretty sure every exchange does it for security reasons; as for them to get notified if your account was logged in from an IP address of a different country. A better 'con' for Binance is that they're in a sort of gray area in terms of regulations; hence Binance has different versions(e.g. Binance(international), Binance Jersey, Binance US). |
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Ayun! maraming salamat kabayan, ngayon ay naliwanagan na ako tungkol sa risk ng pag-backup ng 2fa codes pero dahil sa sagot mo mas naramdam kong safe yung mga accounts ko kasi mismong ako hindi ko kabisado mga password ko sa sobrang haba at iba-iba. never pa kasi ako nakapag backup ng 2fa codes kaya ingat na ingat ako sa phone ko.
You're welcome. I suggest na kung gagawa ka na ng backup, probably store mo nalang sa encrypted flash drive. Try mo nalang mag research kung paano gamitin ung VeraCrypt pero simple lang naman: https://www.veracrypt.fr/en/Home.html |
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If I were to hold a small amount of various non-bitcoin cryptocurrencies on my mobile phone, I'd use Coinomi wallet. Why? Well, it simply does the job; and I'd say it's better than Jaxx(vulnerability issues in the past, and that devs aren't willing to fix stuff).
Though of course, I'd only store a small amount of funds on Coinomi or on any other mobile wallet simply due to security reasons. For bigger amounts, I'd still stick with a Ledger or a Trezor.
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Binance is a more advanced cryptocurrency exchange compared to Coinbase Pro as Binance has more cryptocurrencies to trade.
Not saying that Coinbase Pro is superior to Binance(because I have no idea what's going on in their back-end software), but more coins =/= more advanced. Coinbase Pro is a very small cryptocurrency exchange with fewer crypto trading pairs compared to Binance. Binance trading volume almost triple the Coinbase trading volume.
Coinbase Pro has a lot less trading volume compared to Binance(obviously, because Binance supports a lot more coins/tokens), but Coinbase Pro is definitely not a "very small" cryptocurrency exchange. |
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Liwanagin ko lang yung tanong ko kabayan tungkol sa 2fa risk, ang pagkakaalam ko kasi ay 2nd layer ng security lang siya dahil nagagamit ko lang siya para sa confirmation. halimbawa mag-login ako sa gmail account ang kailangan ko munang gawin ay i-input yung username at password bago ang 2fa. ang tanong ko ay kung may chance ba na mapasok yung gmail account ko na ang gamit lang ay 2fa?
Nope. Kakailanganin parin ng tao ung username at password para makalogin sa account mo. Though syempre, pag nakuha na nung hacker ung 2fa backup codes mo, mas madali na siyang makakapasok sa account mo kasi user/pass nalang kelangan niya. Makukuha nalang niya to through leaked user credentials(pag pare pareho user/pass ng mga logins mo sa mga online accounts mo), or through bruteforcing(pag madaling hulaan at maiksi user/pass mo). |
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The advantage of bitcoin's pseudo-anonymity. You can stay anonymous as long as you you know what you're doing.
If 6 and 7 isn't an exchange as well, chances are, probably some custody holding wallet like probably from Barry Silbert's Grayscale. Anyway, don't spend too much time guessing and trying to find who these wallets belong too as your time is better spent doing something else more productive.
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I dont have much experience on using up Coinbase pro but pretty sure that they are much more heavily regulated.
Definitely. You don't even have to do research to come to a conclusion that Coinbase is a lot likely to be more regulated compared to Binance. Coinbase is operating in the United States which is obviously a lot stricter with it's laws, whereas binance had to hop countries and ended up in Malta for them to be able to continue operating. https://support.coinbase.com/customer/en/portal/articles/2689172-coinbase-regulatory-compliance |
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So possible talaga na yung authenticator sa phone at pc ay iisa lang? halimbawa mag-withdraw ako sa coins.ph vie web tapos lowbat yung phone ko kaya ang gagamitin kong authenticator ay yung nasa pc, pwede yun?
Yes. As long as iisang database lang naman ang gamit mo. ungkol naman sa 2fa risk if ever na may makakuha ng backup database, need pa din naman nila malaman yung username at password bago nila magamit yung 2fa, tama ba?
Need nila ung password para ma-decrypt ung database, yes. Kaya make sure na mahirap i-bruteforce ung password na gagamitin mo para i-lock ung database. Follow the usual account password requirements for better security(40 characters, with numbers and symbols, etc). |
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Binance if you trade a wide variety of cryptocurrencies. Coinbase Pro if you only trade a small number of cryptocurrencies(Coinbase has like 20+ in contrast to Binance's hundreds). The advantage of Coinbase is that it's more regulated hence a scamquit sort of move is a lot less likely to happen. Regardless of choice, do not store funds on exchanges unnecessarily. Why? Because this: https://cryptosec.info/exchange-hacks/ |
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Neither. The only thing that's going to be worth doing is signature campaigns in my opinion. It's the one that mostly pays decently, and is pretty much almost the closest thing to "free money", assuming you're going to read and post on Bitcointalk in the first place.
Airdrops and most bounty campaigns though? I personally think they're a waste of time. I'd rather do gigs online instead.
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If you're trading cryptocurrencies in general, not bitcoin only, probably Binance[1]. Just to let you know, majority of traders lose money. Hopefully that information scares you enough to not deposit a huge amount and go mindlessly gamble through your trades. Do a lot of research first before attempting to trade; and always start with small amounts of funds. Best of luck. Also, move this to the Trading Discussion[2] section. The move option is on the bottom left side of this page.
[1] https://binance.com/[2] https://bitcointalk.org/index.php?board=8.0 |
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Tanong ko lang kabayan kung nasubukan niyo na o kung pwede ba na yung authenticator na naka-install sa mobile phone at emulator (desktop computer) ay iisang account lang? may katagalan na kasing naka-install yung google authenticator sa phone ko at hindi ko maalala paano ko nag log-in, sinilip ko din yung app wala naman sign-out. balak ko kasi kung pwede na may authenthicator parehas sa pc at phone ko na same account lang din.
Walang login ang Google authenticator. Naka store lang ung backup codes sa phone mo mismo. Kung gusto mong phone at pc(though mas prefer ko phone-only), backup mo ung 2fa database mo through Aegis, tapos transfer mo dun sa emulator. Nasayo na kung gagamit ka Google Drive, Dropbox, etc. As always, security first. Take into consideration ung risks pag sa ibang tao napunta ung 2fa database mo. |
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