We don't get to decide which country dominates the financial scene and as for other countries being wary of the intention of China, it's not any different from that of other countries which want more power.
Reaching a moral stand on which is a better option is not an easy decision to make.

Personally I don't see how a CBDC would help accelerate China's bid for more dominance, they would get early bird privileges but other nations would be able to successfully replicate it in their own States and create a more decentralized network.

This is what you see on the recovering hacked and lost accounts thread; "Often, you need to prove ownership of the account with a PGP or Bitcoin signature."

Also, it's not the only address which has been posted by the account in question. The first signed message in the op is from a reply made a couple of years ago, which contains a Bitcoin address. And that Bitcoin address has been used multiple times by the account Piesel.

You claim the account was hacked, but you say here you made the password change via email and did not make a complaint of being hacked, despite there being a huge gap from the password reset to the last password change.

I don't think it does. Besides the reason you pointed out, I believe only Bitcoin signed messages are accepted for account recovery and doesn't include addresses from other networks.

Scammers usually have two themes that all their attempts take; Greed or Panic.

With greed, they lure victims with the possibility of crazy returns if they only risk a relatively small amount. And if they do get hooked, they keep tempting them with more while asking they pay some amount to get it, till it doesn't work anymore.

Wit panic, which is what was used here, they scare you into making an urgent action or risk losing something. In such State of panic, you can easily enter limbic mode and not think logically, leading one to make a mistake.

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Always stay sharp and vigilant. Treat everything as a scam until proven otherwise.

An ideal solution would be siting it away from residential areas so it doesn't affect those living around, but this is not accessible alternative for most as they need to be able to acquire property in an area away from dense population.

If that's not possible, exploring noise reduction devices is an option. I have not run a mining farm yet, but with research you can discover efficient ways to reduce the noise emitted to the barest minimum.

If you've been exposed to scammers at any point in time or have had your details and personal information shared with untrusted third parties, it is safe to consider that you have been compromised and can be accessed by random scammers who could get your information over the dark web.
You friend should have taken some precautions after their previous scam and should consider doing it now, if they failed to do it then.

Your friend is likely going to get more scam attempts with increasingly more clever techniques. They should consider doing more research on how stuffs work and how best to protect their online identity.

This problem would not exist if people simply stored their assets on non custodian platforms and kept backups in secure locations. Suffering from account lockouts means one is using a centralized exchange or platform, which does not give control over the assets stored on them.

I believe there has been such a service offered by a forum user, where you can share as much information as you know about your account and they try to decipher the other information. Never paid much attention to it, but there's a market for it and it's possible in some situations.

Never invite or convince someone to invest in Bitcoin; you rather give them enough information with which they can reach their decision for themselves.

I have had friends and family ask me about the potential of Bitcoin and everytime I send them data they can use to do their own research, if they cannot focus enough to go through the not so extensive stuffs, then they probably shouldn't be acting as their own bank and I don't pressure them at all.

Always allow people to reach the decision to be use a decentralized asset on their own and based on their knowledge of using it.

I am a much older Bitcoin holder in relation (not that old, in reality, as there are those that have been here since the early 2010s), and I still get excited a bit when here is a market pump, even though I have no plan of selling.

About your emotion, you would never actually become immune to the market changes, or at least, I haven't. But you would develop a lot of insensitivity to it and would not react in anyway.

You don't need to educate critics, that are aware of how it works and the flaws in their comments but spread fud regardless to attempt to limit the growth of Bitcoin either cause they don't hold any or want it to get cheaper so they can buy more.

Rather than trying to educate them, point out their misinformation to the public so they are not swayed by misleading articles and publications. Ignore them and don't give them more publicity if their posts is not malicious, but if it is then be aggressive with pointing out their contradictions.

I am not most people who have lost money, but we cannot call this a bull run yet. We are at a similar value we were at 3 months ago and that's indicative of a market recovery, but it's not yet a bull market.

You should also try to separate your emotions from the market actions if you intend to be a long term holder. The market could change anytime and if you react to any movement on the chart you would be reacting a lot and maybe sell at a loss or sell too early.

You are not making money, you still have the same exact amount of BTC. You onuy profit when you sell.

As long as there are those who are looking for some mythical prediction to decide whether or not to buy, there would always be self acclaimed experts who would give random predictions in the hope that it turns out well.

There are also those who try to predict within the ambits of what is feasible and would always put a disclaimer that their prediction can go wrong if the market doesn't react as anticipated.

Not to sound like those experts  , but I don't think we're there yet

And there's a huge amount of money being traded daily in the crypto market, not necessarily by a specific group of holders, but a cumulative of the total demand and supply.

• Where institutional holders store their crypto? Possibly in multiple hardware wallets with secure backups in vaults of banks. They could also use multi sig to secure their assets.
• Over The Counter traded are the most ideal for them as it does not reflect on the price.
• Benefits and disadvantage of using centralized exchanges? Pretty much what risks and be efits everyone else gets. Binance and other too CEX have a select option for those trading very high amounts, but they are still exposed to risks of data theft et al.
• OTC as mentioned above.

2-3 years is still a decent time frame and you would be able to forsee any possible damage to the paper or visibility issues. Paper is more durable than most think and can last quite a long time if kept in a suitable location.

The chances of the other outcomes (fire, water etc) leading to losses are much lower considering that OP has dual backups in different locations. The possibility of both backups simultaneously getting damaged is infinitesimal.
With the risk of theft; paper is far more inconspicuous than a metal backup.

You would check up on your backed up seed phrases more frequently than a couple of decades and would identify any wear in the ink or paper before it becomes unreadable.

Welcome to The forum, hope you do enjoy your stay here. Consider moving this thread as suggested above to a more appropriate board. I could report it, but I prefer newer members going about the process themselves than just discovering their thread has been moved and not understanding why.

The forum does not have an inbuilt scam regulation system for this exact reason; you are not safe here on the forum or anywhere on the internet.

I doubt Bitcoin has had any significant effect on the rate of crimea or fraud in Nigeria. It's a great technology, but it has limits to its effects.

I am from Nigeria and I believe I have also received similar messages containing some sort of file for download from unknown numbers. They were of course promptly ignored and I blocked the number IIRC. I don't think I ever got a repeat of the message.

Your friend's loss is unfortunate and I hope he can recover from it. He should consider moving any left over assets on the device to a new one and wipe the device clean to prevent a reoccurrence.
Also advice him on having a separate device specifically for holding assets to prevent falling victims to malwares or phishing links.

I actually assumed it was an email to know if you can whitelist their account and lift some of the newbie member rank restrictions.

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OP, you'll have to find some other way to contact the user in question, maybe go through their profile for any additional contact which is still active now.

This doesn't count as credible evidence an no proof was suggested in the little part I watched on both videos.
This of course doesn't mean I am dismissing the possibility or the threat that such could happen, and the journalist is believed by some to be one that shares credible information.

I guess there would need to be more evidence, which I don't think would exist even if the story is true. We just don't have to mux Bitcoin up in all the conspiracies.

Sounds like some iRobot scene or out of some other sort of fictional movie.
Mind sharing a source?

I also believe Bitcoin would play a major role in the future, but not for this reason. Fiat is already digital and can function in such a system easily, but Bitcoin would likely have achieved lots of adoption by then to serve as a viable alternative.