Bitcoin and many altcoins are treasures. And the longer you HODL them the higher their value gets. Because of this, they should be stored and kept in the best way possible in terms of safety. There is no other wallet or storage safer than hardware wallet. In terms of the most trusted hardware wallets, Ledger and Trezor are the two ruling wallets. They have built a great reputation as the most secure hardware wallets for your cryptocurrencies. They are adding more and more altcoins to their compatible lists.
But the hardware can't be used without internet. You still need internet to move it which makes it still prone to attack if one has a malware on his machine.Decentralized wallet is as well safe so long the P.Key is kept safe and quite tough and almost impossible to decrypt P'key without user's activity. Both are cool. but for the value giving, decentralized wallets are cool hence why i decided to use Atomic wallet only. |
|
|
|
For now, I use Ledger nano s to store bitcoin and ethereum (with all of its erc20s). And I save the mnemonic phrase in the paper provided by ledger. It is very safe from the reach of the internet. And for the mobile wallet, I use Trustwallet, which is convenient and easy to use. There are also many wallet tokens available such as bch, tron, xlm and many more.
Atomic added extra functionalities such as instant swapping of cryptos via the atomic swap exchange at very low fee, buying cryptos with your card and few others. |
|
|
|
i really like Coinomi for my phone, im not a whale tho, SIM swap is REAL : / I lost coins to Quadriga, what a weird situation that one was, i might get them back in 6-12 months tho it's looking like Don't trust exchanges for long term or high amounts thats the only given in this scene anymore haha Nice read  Coinomi is cool. i used it once or twice to store MRO but I wish that you try out Atomicwallet and give me feedback. |
|
|
|
Isn't it atomic wallet a centralized wallet? I have made by a party, and i thought that it couldn't be considered as a decentralized wallet. There's not such truly decentralized wallet. As far as i know, i haven't seen any points from your explanation that explains why atomic can be considered as a decentralized wallet.
Do you know what centralized mean? It's a functional wallet but i can't define that as one of the decentralized wallets. I see that wallet and for me rather than it and cold storage always become the best choice.
I'm feeling curious about can i take my private key from there if I'm willing to use it in the future?
I just try to think about any wallet has been made by the developer, and it's not suitable to call that as decentralized when there will always be at least a single party or someone who created the wallet.
Lol @Legend, Even the hardware wallet is made by human. And if we are to compare the risks involved in using both methods, i am of no doubts that decentralized wallet is better. Hardware only gives the benefit of keeping your coins offline same as decentralized. You will need internet to use your hardware wallet which means it is still at risk especially if you have malware installed on your machine. over time we have seen and researched that decentralized has proved safe to use. Its quite hard to decrypt private keys except they're mishandled. I am not against the use of cold storage either. Atomic wallet is decentralized because it is a non-custodian wallet meaning it doesn't have the knowledge of your key(s). Only you does. it makes you anonymous and free of surveillance except for the blockchains. |
|
|
|
A hardware wallet is worth buying when you have a large amount of money . Because it is really quite expensive and it should be used justifiably.
But have we to consider the risk involved is justifiable? such as theft or misplacement or accident or any external factors beyond our control such as the act of God or other? |
|
|
|
Yes hardware wallet is the safest option but not all coins are supported by these devices.
There are other very safe ways to store your coins. You can download a multi coin wallet like coinomi and hold it there on a device that is kept offline most of the time. The most danger comes from downloading files especially compressed ones and opening email.
If you don't send your coins to the wrong address, don't invest in a scam, and don't hold on exchanges, you are already doing more than most investors.
Pretty cool. I have infact used coinomi once but not to compared to the services and benefits that Atomicwallet gives users. I earned some free coins, I can buy BTC other cryptos and perform trade right within my wallet without leaving the space to trade it elsewhere. Also, each asset of tokens is assigned a distinctive private key which mean i do not need to always import my overall private key if i need to perform a simple transaction. |
|
|
|
Considering hardware wallet is an expensive thing is awful because it only cost about somewhere $100 to $200 so spending this amount for securing coins worth in millions is something deserves.
Agree with other risks of using hardware wallet but this is what we have the best even compared to the other online or paper wallets.
Yeah I didn't dispute it either but comparing Hardware wallet with Decentralized wallet is the advantage that the latter has over the former. The risk associated is higher in the former that the latter. Besides you are right about spending such minimal amount to protect one's fortune isn't a big deal but at a low level even in some medium level, most cannot afford it. |
|
|
|
Original Post: https://bitflate.org/post/2019/10/25/market-is-not-ready-for-libra.htmlFacebook CEO, Mark Zuckerberg, recently appeared in front of the United States Congress for a hearing about Libra cryptocurrency. The hearing lacked substance. Most congress members did not inquire deeply about Libra. They instead delved into smearing Facebook and its credibility. Both sides point fingers at each other. Crypto aficionados laments the lack of openness from regulators to new technologies. Regardless, there is deep misunderstanding and distrust between the public and the tech community. Emerging markets of cryptocurrenciesSince the birth of Bitcoin, crypto builders have been developing the wrong solutions. The first generation of cryptocurrencies were hard forks of Bitcoin. They tried to create so called better versions of Bitcoin. Then there were efforts to generalize Bitcoin to blockchain technology. These trends continue. But we still end up with no cryptocurrency that we can use for everyday transactions. It’s time to resolve the ideological debate between centralization and decentralization. Historical trends in technology told us that we swerve between these two polars. We cannot completely settle into one place. That would be utopia or dystopia. We went from mainframe (centralized) to personal computers (decentralized). Then we made the transition to cloud computing (centralized). There is now effort to decentralize the cloud computing stacks. The cycles never end. Each cryptocurrency makes their own design tradeoff. It it useful to think about monies in a spectrum.  As we move from Centralization and Decentralization, we get different kinds of currencies. Each comes with their own advantage and disadvantage. The potential of semi-centralized cryptocurrencies like LibraLibra is a semi-centralized cryptocurrency. It is a better version of centralized cryptocurrencies like Tether or USDC. These coins are issued by a single entity. There is no way to audit their record. We rather have a stablecoin issued by an association of companies. The Libra Association has a governing charter. It is beneficial for consumers having member companies audit the Libra record. These member companies have competing agenda. They serve as check and balance for consumers. Libra is too earlyUnfortunately, Facebook initiated the Libra project. The company was involved in many data and privacy scandals. Consumer’s trust in Facebook is low. Another hurdle for Libra adoption is the public’s misunderstanding. Bitcoin is difficult to understand. Most people don’t have time to dive into its details. Its price fluctuates wildly. They don’t see benefits of cryptocurrencies. Bitcoin has as many critics as believers. The public has not accepted a crypto future. To normal people, Libra is another effort by big corporations to intrude and control their lives. Filling the gap with Bitflate, a decentralized stablecoinBitflate is a cryptocurrency with constant inflation rate of 7%. The project’s goal is to create a digital native and decentralized stablecoin. By adding inflation, Bitflate price will not rise forever. It will have less price volatility. Bitflate can be a gentler introduction for people to the world of cryptocurrency. Cryptocurrency FutureA cryptocurrency future is inevitable. There will be many cryptocurrencies. Each will have a different design and tradeoff. Instead of thinking about zero sum games, we need to look forward to this future. We will have greater financial freedom. We can choose the best currencies for our financial goals. Governments and companies will soon join this vision. At the end of the day, we the people, are in control. The source of Libra face off is the fact that facebook has been involved on many privacy scandals. I am still on my stand that Libra is targeted at having world power rather than solving what it displays. Apps like Vid.camera, others, refrains itself from being a custodian of users data and so, in future, it won't be in such mess as Libra by FB. |
|
|
|
Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent
Don't let them invest in what they don't know about
how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??
Funny dude. Sarcasm. |
|
|
|
A lot of crypto users still get it confused hence they loses their ha rd earned cryptos to either scam exchanges or ignorance of how wallets work. It is important that we sensitize the crypto community every now and then. Centralize Exchanges
In 2018, the pretty bad boy "Scam" made away with millions of dollars in hundreds. Also, in the early 2019 to date, there has been reportedly exit scam and exchange hack associated with exchange such as Cryptopia, DragonEx, Coinmama, Bitrue and even Binance wasn't an exception. QuadrigaCX exchange collapsed as well. See news here... https://www.coindesk.com/exit-scams-swindled-3-1-billion-from-crypto-investors-in-2019-reportHardware/cold storage/ledger
It is pathetic seeing such huge funds being parted away with whereas it could have been prevented taking the right step. Undoubtedly, centralized exchanges rank zero where crypto storage is concerned. To be factual, hardware/cold storage is practically safe but with limitations which seem to be the exceptional strength of decentralized wallets. - Cold storage or ledger may lost and that's the end.
- in case of fire accident or theft, it is gone.
- The time required in decryption might be used for other productive activities.
- it is expensive.
A desired and effective wallet should have the following: A desired wallet should be : - Safe and secure.
- Easily accessible.
- Flexible (i.e even if host is misplaced or stolen, funds can be retrieved without recourse to the actual host)
- Simple and efficient (i.e should provide for easy transferability and exchange of assets).
- Give value back to the user among others.
Decentralized walletSince 2017, I have been in crypto, I use only decentralized wallets with different functionalities but of recent, I discovered ATOMIC WALLET which is why i write this article being a satisfied user.. If you are reading this, I am pretty sure wallet isn't a new word to you and there are couple of them out there you can get on your mobile or PC. But ATOMIC WALLET has cool features perfect for both an average and PRO users. It is: - a non-custodian wallet that neither stores your credentials nor can it assess your funds
- a multi-currency light wallet that lets you conveniently manage your crypto assets and portfolios (Bitcoin, Ethereum, XRP, Litecoin, XLM, BCH, Doge and over other 500 coins) in one pack
- a value-giving (option of earning reward through of ATOMIWALLET native coin -Atomic Wallet Coin(AWC)
- comprises of basic and advanced functionalities such as Storage, Swapping asset with another through the Atomic swap functionality -an advance feature that facilitates easy exchange of assets within the application thereby eliminating third party interference
- has inbuilt exchange services (in partnership with external exchanges such as Changelly, Changenow
- has feature to purchase crypto with bank/credit card
I have personally tried out atomic Wallet hence I can recommend it to anyone craving for security, value and reliability. If you need to participate in the airdrop, You will need this code YXRJ8 as given me by a friend. Atomic wallet Coin -AWC is listed on BinanceDex and IDEX. See detail on Coinmarketcap.com or atomicwallet.io |
|
|
|
It depends on the market situation, if in a Bearish situation then I think it is not suitable for daily trading because it is difficult to get profit, But if the Bullish market situation is suitable for daily trading because with volatile prices it will be easy to get profits. Long term investment suitable for the Bearish market situation.
Some even says it is better to trade in bear market. but I think it is better buy and hodl in bear market. It depends on where one entered during the bear market. |
|
|
|
|
It's been over a year since I found out about Appics. I dug a lil about the CEO -Tony Winchester. His strengths as a go-getter together with the efforts of his team members is an indication there will sure be a morning no matter how the night lingers.
APPICS is the next generation social media that rewards users for their time spent -passion rewarder.
APPICS is the first ever proposed Smart Media Token (SMT) on Steem Blockchain. If you know Steemit, then Steem Blockchain shouldn't be strange. Steemit is a social media platform built on Steem Blockchain and has been rated over other top blockchains to have surpassed them economically and in transaction execution speed even over EOS. Steem has a fee-less near-instant transaction time of about 2sec which makes it above so many of its counterparts.
The delay in release of SMT protocol by Steemit incorporation slowed down Appics launch which led the team to improvise. Nevertheless, SMT testnet is live and full release to happen in early 2020.
In the face of SMT uncertainty/delay even while the APPICS team holds strongly faith in SMT. A decision to operate on dual chain model was made (Steem and EOS). And Appics mainnet launches shortly.
Things to give encouragement are in the amount of APPICS Influencers all around the world. Swapping is ongoing as at now and should be complete in short time.
|
|
|
|
Brave Browser has a crypto rewards program which pays $5 to $10 a month in BAT (basic attention token). https://brave.com/ Their browser is open source with an emphasis on out-of-the-box adblock, greater speed, privacy and security. Its rewards program is a small advertisement that opens on the bottom right hand corner of the screen. Its a purely text based ad similar to google ads. Example:  I switched to using brave after reports emerged about google chrome not being reliable in terms of security. There have been many bugs and vulnerabilities which chrome devs strangely never got around to fixing. Don't know much about BAT token. I would +merit for any useless tips or tricks anyone could share with BAT. This type of innovative support for crypto in brave's rewards program could be a solid platform that could help to further mass adoption. It doesn't deviate from what people normally do online with a browser and some of the ads are interesting and worth clicking. Undoubtedly, Brave browser is better than Chrome but the latter has better features than the former. Meanwhile , I don't like Brave browser even for a step. The reward program is not it. |
|
|
|
If I could remember, few weeks or months ago, I participated in BLoC Platform's bounty program. After distribution, 400 MDAB token given hovered around $15 until after few days it dropped to below $3 and went as low as $2 worth. I forgot it in my wallet and accepted it would worth less than a penny some day.
Few days ago about 6, a friend brought the news on my group of MDAB did over 12,000% increase in price. With speed, I hastened to my wallet and found over $240 worth of 400 MDAB. For me, I would not wait for morning to come cos when I checked and sold on BinanceDex, it had receded to 8,300%. Oops! I missed 4k% already.
The next morning, it fell by 7500% and all my friends waiting for $1 before sell regretted they ever waited such. Shocking side is that MDAB statistics was no more on COINGECKO the next day.
Till now, I still find it shocking what could have really been the cause of the pump and sudden disappearance from Coingecko May be because Binance added a support for it on Binance.com with other tokens like MATIC, others. Also, the Team has been very inactive for sometime on the group.
These kind of bumps known as whales price manipulation or bull trap and actually it won't last longer so if you placed order and able to sell that then you are very luck as winning a jackpot or even a lottery. Why people doing this? Its just to create attention about that token and convince people to invest on it later profits will be taken out all of a sudden and then the coin will be nowhere like what happened. I actually didn't invest. Got token from bounty. I can say it's investment as well cos I invested my time. |
|
|
|
I've checked both on Coinmarketcap and Coingecko but they are not showing, they have no data to show, you are lucky to made a profit out of it, I wouldn't recommend people to participate in a pump and dump coins, if you made a profit, many people lose on that occasion.
It's a pump and dump scheme, I've been a victim on that several times when I was a newbie, they are selling the news and you are buying it and it's too late to find out, you now have their bags.
it seems that the coins already removed from coingecko because if you try to search on google about "MDAB coingecko" you will see the results but if you try to click the result/link it will show as the page removed Yes it's removed. On CMC, also no data anymore. |
|
|
|
I am irritable at the same time felt amazed by these sudden movements on just one Altcoin, I think it is really a manipulative strategy for some to buy it and make a profit out of it or we are seeing another Bitconnect propaganda if they can get a higher sale they will leave without warning, I am irritable because we can not detect if this coin really is legit if we would search the teams they are inactive but the price is suddenly pumping out of nowhere.
Pretty much it is just victimizing unaware victim or new to the market of cryptocurrency because they will think this is a fair amount of coins surging up but without further research about it, we can not know for sure if there are whales behind this or there are just many people that the developer had to seize for the price of increase like that.
I am pretty sure there is a problem or error somewhere cos now MDAB don't show price anymore on Trust wallet. That means Binancedex gonna delist soon. |
|
|
|
I've checked both on Coinmarketcap and Coingecko but they are not showing, they have no data to show, you are lucky to made a profit out of it, I wouldn't recommend people to participate in a pump and dump coins, if you made a profit, many people lose on that occasion.
It's a pump and dump scheme, I've been a victim on that several times when I was a newbie, they are selling the news and you are buying it and it's too late to find out, you now have their bags.
Lol that's funny. I've got a lotta bag laying bunch idle in my wallet. All because I couldn't find out while pumping. |
|
|
|
I am not surprised, there are pumpers lurking in the shadows and they only select coin or token they want to pump so any coin can be a victim, since the teams are not active anymore it means the project is bad, you know what that means so the choice is yours to make
I think there was a purpose for doing that. Maybe some fuuders. |
|
|
|
I've seen some tokens pump like that before. It's either some group wants to play a pump and dump or some noob bought a lot by mistake. It happens to a lot of tokens with low volume. You are lucky you got out with over $200 because the price might never pump that high again.
Sincerely you're right. Even now, I'm skeptical if Binance won't delist it. |
|
|
|
|
Show Posts
