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- Use an onscreen keyboard
- Use a separate device for your wallets, where you don't download and install programs frequently
- Only use software wallets for a minority of your funds. For your long-term investments, use a Ledger/Trezor hardware wallet
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I think it is better for binance to remove the following coins since most of them like TORN and YFII are really risky coins. It will just affect the performance of binance if they will accept trash coins like those that are listed above.
Binance have always accepted trash coins unto their platform I mean, have you seen how much coins/tokens they have on their platform? Binance mostly only delist trading pairs if there's little to no trading volume. |
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But one thing I noticed is that many people spend hours upon hours here, like really long hours, which made me think, like how come?
Maybe they really just want to? People spend hours and hours using social media everyday. Bitcointalk is slightly similar it's just that 95% of conversations are concerning Bitcoin/crypto and not some celebrity gossip or something. Bitcoin/crypto is at least far more interesting in my opinion. Do you guys make a living commenting and being here or are you really that passionate about web3/ crypto and blockchain?
Some people the former, some people the latter. In my case both. |
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Your seed phrase is for instances where you lose access to your wallet; it's not something you should really be bringing everywhere. Imagine your belongings getting stolen and poof your crypto gets stolen with all your other stuff you brought.
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Maybe we need a guide here that shows how to use this exchanges and also some funding for advertising etc. it is hard for a non cex exchange to compete if they dont have the advertising.
The problem with DEX/P2P exchanges: harder to use/far less convenient --> far less users --> far less revenue --> far less money for advertising --> little to no advertising --> little to no users |
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Both are in the same industry, so what's the difference?
Not because they're in the same industry doesn't automatically mean they're the same. The former is a totally custodial platform, while DeFi platforms are non-custodial. |
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On the bright side, I've heard that it's highly more likely for FTX.US users to gain back their money sometime in the future compared to FTX users. So probably don't give up just yet. On the other hand why the heck did you leave your hard-earned money on an exchange? FTX/FTX.US ain't a bank. Low-paying job...$14 an hour?
Dude, are you sure you chose the right place to be pitied?
As far as I know $14/hr is pretty low if you're from the US. Sounds pretty high if you're from a poorer country, but don't forget that expenses in the US are significantly higher as well. |
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People should start to boycot CEXs.
Aren't a lot of Bitcoiners advocating for this for years and years already? Unfortunately, the fact is, people will continue to use CEXs as long as they remain a lot more convenient than using peer-to-peer no-KYC exchanges. It'll always be difficult to change people's minds through ideology it'll need to be through better UX. |
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So.. how did you lose your money exactly? You sent the funds to the wrong address because of the first 4 characters?
If so, sorry for your loss but maybe you need to be more careful when sending that high of an amount. Always remember that taking extra 5-10 seconds doublechecking the address wouldn't hurt.
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If the wealthiest and most successful stock traders in Warren Buffett is currently unhappy with current market conditions and trading behavior. Is there much hope for average investors having profitable runs in stocks, bonds or traditional finance?
Of course. If only people were actually patient and waited for a better entry. But as we saw in 2020-2021, stocks were the "thing" and even your dumb neighbor became an "investor" buying stuff that gets hyped on social media. Is it accurate to say that investment has come to more closely resemble casinos or gambling parlors than areas of investment?
It'll always depend on how a person does it. Buying things randomly? Gambling. Actually doing analytic research and making highly educated decisions? Investing. |
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You can't just create a stablecoin out of thin air and expect it to stay at $1. Look up Law of Supply and Demand it's one of the most basic laws concerning economics/markets.
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Interesting proposal from an interesting person, but let's be honest the chances of this happening is next to zero. Even if Elon wanted it, it would be a regulatory nightmare for him.
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Expectation: you purchase a bot, you turn it on, and you make profit forever while relaxing at the beach in the Bahamas
Reality: trading bots (at least the long-term successful ones) are used by active traders to automate some of the trades, and is constantly updated to fit the traders' needs
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@MK4 If this is true then not even open source is 100% safe, I thought the transparency of the code is everything that's there to it, so it's possible not to spot a backdoor even if it's open source? Mehn I don't know that, this shit just keep getting wider and scary everyday, buh thanks for the knowledge been shared.
Something being open-source never meant that it was 100% safe. It's the same reason why DeFi protocols get exploited despite being 100% open source since open source means even the hackers can see if the protocol has bugs that can potentially be exploited. |
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In summary:
- Your funds on Binance and Stake (or any centralized custodial platform) are salvageable
- Your funds on TrustWallet is gone because you didn't have the backup
^ Make this an expensive lesson to not take your security for granted. How someone with $78k just uses a software wallet(and not a hardware wallet) boggles my mind.
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I think you need to learn more about open source, it's pure transparency, how can a project be open source and still have a backdoor? And no one sees the back door? What's the open source then?
Open-source projects have nothing to hide, you can easily see all their codes and what they are running, with no hide-and-seek like Closed source, what you just defined sounds exactly like Closed source projects.
That's mostly true, but knowing how complex code can be depending on the project, the developer can easily have an obfuscated backdoor in the source code. It'll take a very competitive developer or a developer that's specifically looking for such an exploit/backdoor to spot it. |
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No idea if this thread was made as a joke but yesterday many of DCG coins were having a massive dump. They own large amounts of coins like FIL, ETC, ZEC and if you look at those coins you will see massive dumps especially on FIL.
Its hard to confirm for real because everything went down during those late Friday hours but those coins in particular were hit hard.
Yep. We have no direct proof, but the fact that their coins are dumping significantly harder is quite telling. Funnily enough though, the coins they're holding are total utter dogshit. I'm actually quite confident that I can pick better coins/tokens than them, and they're an actual company lmao. |
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Of course a lot of the suits are using the FTX debacle and other platform insolvencies as an excuse to aggressively regulate cryptocurrencies. I doubt they're that dumb to not be able to differentiate 2 separate categories.
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Double or triple your money scam isn't only on Bitcoin, but many scammers can use fiat and stock about this scam.
For people who think with Bitcoin they can easily double or triple their money, they don't have any logic. If Bitcoin is really easy to get or mine, it will not have a big value right now because it's will become worthless due to unlimited supply. Also if there's people who can double or triple their money in short time, why they're not double or triple their money using their own money? they can become a billionaire in short time and they can donate as much as they can.
Unfortunately a lot of people aren't using enough brainpower to make sense of the schemes being advertised to them. In the bull run of 2017, I couldn't count how many of my IRL friends had apps installed on their phones that are apparently "generating free bitcoin" despite mobile phones not even close to having enough power to mine BTC. |
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People hate on Binance, but as far as I know they're doing really great as an exchange in general.
Did you provide accurate information on account registration? I doubt you'd have any problems if you do everything right. Can't you just use the "forget password" option?
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