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1741  Other / Beginners & Help / Re: Best 2 Factor Authorization for Coinbase and Gemini on: December 30, 2021, 07:10:43 AM
Yes you're meant to write down your secret key when you use authenticator apps. The exchange (if well known and regulated) will probably let you reset your account with 2fa enabled (especially if you have done kyc with them in the past or something indisputable - maybe phoning them or getting them to send something to your address might work too).
1742  Bitcoin / Bitcoin Technical Support / Re: Recovering wallet with .dat files (no key phrases) on: December 29, 2021, 09:46:22 PM
Should I back it up after I synch?

Do it before (as soon as possible) just in case. The syncing process is quite intense on drives and may cause problems. I'd recommend shutting down core first too if you're still syncing and waiting for the shutdown box to go before fiddling with copying the wallet.dat in case core keeps a lock on it until it's completely finished shutting down.
1743  Other / Meta / Re: Is raffling an NFT for free breaking any forum rules in the collectables section on: December 29, 2021, 02:12:05 PM
I don't think it will but it might be moved to the altcoin section because you're raffling off an NFT. Although if you plan on making the raffle free, it'll probably experience less moderation anyway.

It might be one of those things you'll just have to try and see what happens to it (unless a mod confirms either way here).
1744  Economy / Trading Discussion / Re: A Newbie Needs some help :D on: December 29, 2021, 02:06:32 AM
You're probably not going to get exclusively genuine responses by asking how to make profit and then linking two social media accounts, you'll get a lot of scammers that way or people just wanting extra Web traffic with not much useful on their site.

You're going to be better off trying to work out things by yourself and asking the forum more specific targeted questions based on what you find interesting (also, if you're just here for making profit you might want to go somewhere more stable, the crypto market has quite large movements in both directions).
1745  Other / Off-topic / Re: Futile settings of google? on: December 28, 2021, 11:58:22 PM
I did think those settings were much more of a user experience type thing of either: "show you're tracking me" or "I want to forget you're tracking me".

I doubt they'd actually let you use them, and not track everything they're able to get.
1746  Economy / Speculation / Re: What about 2022? on: December 28, 2021, 08:59:47 PM
I don't think we've done much since April this year so I doubt we've run out of steam for if we make a decent move upwards at some point again.

If the move comes in, I can't decide whether it'll be quite quick or if it'll take quite a while and be a bit slower (I could imagine a few moves that ser new aths though at this point).
1747  Economy / Trading Discussion / Re: It is possible to make a profit by trading on: December 28, 2021, 07:49:02 PM
I have been trading for a long time. However, it is not always possible to benefit. In some cases there is a possibility of loss. After facing huge losses, I have benefited again after a long time. Bought 3k$ from a seller with current price of k 10k$. However, the dollars have not been set at present. Currently using trading. So I think the most beneficial. What do you think?

I'm not sure what quantity "huge losses" are but if they're more than 10-30% (depending on your strategy) you might want to look at changing up how much you're risking on each trade (unless you're buying an underlying asset you expect to grow - and don't have to sell for a loss at a certain price/date).
1748  Bitcoin / Legal / Re: Binance Received Regulatory Approval From Canada and Bahrain on: December 28, 2021, 05:21:03 PM
This makes the Canadian financial services (and potentially many other countries' services too) look A LOT less hostile towards cryptocurrency.

Many countries came out all at once and said they couldn't regulate binance based off what it was doing but they didn't issue an outright ban on it - they've given them a certain amount of time (likely) to make the changes they need without just banning them and expecting them to grow back again (there might be an argument for things being unbannable on the Internet too).
1749  Other / Beginners & Help / Re: Best offline portfolio tracker? on: December 27, 2021, 06:50:12 PM
I think blockfolio used to do most of these. I'm not sure whether the data is stored on your pc though or whether it's stored on their servers too. (so it has 1, 2 and 3 and you could also link it to exchanges if you wanted).
1750  Bitcoin / Hardware wallets / Re: Ledger Nano X Passphrase: Attach to PIN versus temporary Passphrase on: December 24, 2021, 04:12:49 AM
Temporary passphrase normally allow you to generate a new wallet and a new set of addresses. Both of these may help improve your privacy if done in certain ways (for example: using a vpn to export your public information to the servers you're using to get the transaction record - often ledger).

There may be other reasons you'd want multiple accounts too, for example if you were mining and getting paid by a pool every day, it looks a lot clearer if it's sent to a different wallet before being consolidated to your main one (or to itself).

Temporary passwords themselves might also be helpful for mixing coins, sending coins straight from a mixer address might look suspicious to a company but sending them to an address and doing other transactions with them first might help them lose their trace.
1751  Economy / Economics / Re: U.S. Contemplating Isolating Russia from SWIFT Banking System on: December 23, 2021, 10:09:47 PM
Apparently Russia is a net exporter of agricultural food (from a few random Internet sources, not sure on how accurate they are).

At minimum a country's population needs: food, water, shelter, education and human relationships - Russia should be able to provide all of these for itself and manage quite well at it.

Also Russia is one of the largest producers of oil in the world, why wouldn't they use something backed by oil as a currency internationally (or something that can stably be made with oil that doesn't have as large a price fluctuation).

I think Russia, like China, went imperialist though recently which might be something that could cause issues for a lot of other countries - imperialism may be more efficient than capitalism and socialism under certain circumstances.
1752  Alternate cryptocurrencies / Altcoin Discussion / Re: Besides BTC and ETH what coins would you invest in long term? on: December 22, 2021, 05:28:02 PM
If you're going for high cap coins only, I'd just invest in bitcoin.

For low cap, you could make a few tiny picks of things that seem good and see if you're any good at working out what might grow (but don't put too much into it).

Everyone's heard about bitcoin, a lot get hyped about ethereum around points like these (so not a good time to buy now - especially since the staking stuff).
1753  Bitcoin / Bitcoin Discussion / Re: BTC as "every day" spending currency vs. 10 min Block Confirmation/Mining time on: December 22, 2021, 01:12:43 PM
Actually, only physical cash is what you can spend immediately. If you pay by card, the card issuer promises to pay the company within 3 days of the transaction but the funds are just somewhere between your two accounts and are pending in both so that's not very instant (when compared with an average for bitcoin of 10-30 minutes).

As was mentioned above, there's the lightning network where transactions normally take less than 10 seconds to go through (they just use contracts in the wallets thst can be broadcast to the blockchain at any point to redeem the btc owned by that node).
1754  Economy / Trading Discussion / Re: Stop or continue trading on: December 22, 2021, 01:08:29 PM
If you do decide to go back to trading, use less risk.

Don't put everything into one trade, put less than 10% in and if you're still learning or overconfident - go even lower than that, you can do 1% and still make decent profits without much risk if you lose it - but don't use that as an excuse to spam trade.
1755  Bitcoin / Bitcoin Discussion / Re: Do you think crypto is going to replace the dollar? Jack: Yes, Bitcoin will on: December 21, 2021, 11:10:12 PM
It won't anyway ...
it might just end up being backed by crypto
= replaced

Store of value is important.

Many currencies have been backed by gold? What happened to those...

It'll probably be the same that happens if anything does get backed by crypto - it'll either drop it or start inflating its value... Governments already don't publish information on how much currency they produce, they'd probably do the same regardless of what it was backed by.
1756  Bitcoin / Bitcoin Discussion / Re: Do you think crypto is going to replace the dollar? Jack: Yes, Bitcoin will on: December 21, 2021, 08:50:34 PM
It won't anyway, both are quite different and there'll likely still be a need for the dollar (and other currencies, even if they're just pegged to an asset).

Even if crypto does become valuable enough to replace state issued currencies, they'll likely offer solutions for people to still carry around paper money or use debit card systems from their own issued currency - it might just end up being backed by crypto but I wouldn't consider that a replacement.
1757  Economy / Web Wallets / Re: Question about receiving addresses on: December 21, 2021, 07:48:57 PM
You can use and reuse bitcoin address, but not recommended as it will significantly make you (your transaction) not private. I mean no privacy by reusing an address as the bitcoin can be tracked on blockchain to only single address you are reusing.

As well as this, using blockchain.com might also make your privacy worse and op should consider moving to a different piece of software.



Bitcoin addresses are reusable though and it's possible to keep using the same address for similar things if you need to/for example an address per customer.
1758  Other / Archival / Re: Own confession of ban evading on: December 21, 2021, 02:40:01 PM
Just chiming in here on the trust thing. We probably have 5 global mods that hand out most of the bans, whereas we'll have a few thousand members on dt 1 and 2 that can hand out negative trust (negative trust is going to be a lot more likely then and potentially less lenient).



If the admission was indirect (eg posting an address related to the other account) and the user was banned, they could always appeal the ban too and might win their appeal if it was something quite slight.
1759  Other / Beginners & Help / Re: A newbie has honest reasons for being involved with crypto on: December 21, 2021, 02:32:53 PM
I joined a few years ago from interest in cryptocurrency and just kinda stayed here and tried to advance with it a bit - I've used it as a form of guided research before now too in certain aspects of crypto.

If you're here for noble reasons and will actually interact positively with discussions/or try to advance yourself in them then you should do quite well here (also don't try to force stuff - everyone here is relaxed or a troll).
1760  Bitcoin / Bitcoin Discussion / Re: Is bitcoin legal tender in UAE (Dubai) ? on: December 21, 2021, 02:27:43 PM
It doesn't have to accept crypto as legal tender in order to do this it just has to not make it illegal.

Legal tender normally means it's a currency legislation will recognise (eg you can pay courts in that currency).

Bitcoin or cryptocurrency being accepted somewhere might be like larger currencies being accepted in some other places (for example if the euro is accepted by certain shops in Europe without that country having the euro as its legal tender).
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