This just popped up on their twitter feed: Our team found a bug in the new Mk4 VirtDisk feature
We are investigating if it could have security implications, as abundance of caution we strongly recommend disabling VirtDisk feature on Mk4
It has no affect on other Mk4 operations
Settings > Hardware On/Off > Virtual Disk And this is why you don't add features you don't need. -->This is not just about Coldcard, but all hardware wallets. Keep adding bloat and stuff will go wrong.<-- Why can't developers keep it simple anymore? -Dave |
|
|
|
|
More and more I think wallets that provide services beyond just being wallets should be avoided.
Not just the Wasabi mixing but with 'in app trading' or just about anything else. Because now they become more interested in protecting that which generates income instead of just being a wallet.
Which, can and will bring up conflicts of interest as they want to do "A" but to make a profit on the service they have to do "B" and the lawyers / management are worried about "C".
-Dave
|
|
|
|
|
As an opinion, yes from the beginning Satoshi planned at some time to drop off the radar so to speak.
For the when and how, no I think it was more along the lines of when and how would be a good time to leave and let BTC be it's own thing. Had Satoshi thought having a big going away party with a reveal as to who they were in Vegas was better then that could have just as easily happened.
Was there external influence, probably some.
Since Satoshi always maintained anonymity it mattered less.
Just my view.
-Dave
|
|
|
|
This and other amounts of users have been discussed a few times here: https://bitcointalk.org/index.php?topic=5402157.0https://bitcointalk.org/index.php?topic=5402093.0In 10 years who knows, and the other side of the discussion is what is a crypto user? If you have crypto in your IRA / 401k / whatever are you a user? If you buy low and sell high but the crypto never leaves the exchange since you are pure trader are you a user? Until a standard definition of what a user is, the number is somewhat meaningless. -Dave |
|
|
|
According to their github page yes, you need AT LEAST 16GB of RAM Hardware
client:
64-bit architecture OS and Go compiler.
File system supporting files larger than 4GB.
At least 16GB of system RAM.
Seems very excessive. Yes it does a lot but still 16GB for most people that makes it a non starter. If I'm running it on my 'main PC' that would mean I need more then 16GB so I could do other stuff. If I am running it on an older spare PC, that probably means I need to buy more RAM or just run core. Which can run fine on a much lower end system. Still nice to have more options. -Dave |
|
|
|
|
Can I comment here as a "so what".
1X and a few campaigns really don't care.
The better campaign managers like DarkStar_ , Hhampuz , Yahoo62278 , and many others would bounce out out so fast your head would spin.
It's a bit of a self correcting system. If your manager does not care, you spend money for crap posts that get you nothing, you don't generate more business so you leave.
There are of course exceptions to that, like 1X that are doing it for different reasons. They just want their name out there to scam people.
-Dave
|
|
|
|
...If you were to get cash back from the Apple card, or any other credit card, you could use that fiat to purchase crypto. This isn't something that would be automatic, and you would probably have to pay some kind of exchange fee for doing so, but it would essentially be the same.
True, but there is....gasp...work and effort involved with doing that :-) Yea, it would not be automatic. Although if you are intending to buy crypto for the long term as you describe, buying once every month, or even every two months should not affect your long-term returns. It would require slightly more work though. Thinking about it, the other side would be are there different tax implications? If spend $1000 at a restaurant and get $30 back in BTC if BTC doubles do I report it as a $30 purchase for income tax or $0 or?  There was a big thing years ago where people and businesses who spent mega amounts on credit cards and therefore got mega amounts of airline miles / other cashback actually wound up with massive tax liabilities. For us mere mortals it was not a big deal; but if you were running $1 million a month through corporate cards at 2% that's $240000 a year. Not an insignificant sum. And depending on what you do, $1 million is not a lot for a lot of businesses. -Dave |
|
|
|
Did a forum search and could not find anything about it, but I'm on mobile and remoted into my home PC so I might have missed it. https://www.qsrmagazine.com/news/chipotle-giveaway-200k-crypto-currencyChipotle Mexican Grill announced it is launching a new interactive game called "Buy The Dip" that will give away more than $200,000 in free crypto as well as promo codes for 1-cent guac and 1-cent Queso Blanco through July 31, National Avocado Day. Starting at 10am PT today, fans can access the "Buy The Dip" game by visiting: www.chipotlebuythedip.xyz. The game will be open from 10am PT to 6pm PT each day through Sunday, July 31. Crypto at Chipotle Chipotle now accepts digital currency, including cryptocurrency, nationwide through a partnership with Flexa, the global leader in pure-digital payments. Guests can use 98 different digital currencies, including Bitcoin, Ethereum, Avalanche, Solana, and Dogecoin, to pay for their real food at Chipotle with a Flexa-enabled app. Chipotle first immersed itself in the crypto space in April of 2021 when it became the first U.S. restaurant brand to launch a cryptocurrency giveaway through its "Burritos or Bitcoin" promotion, which dished out $100,000 in Bitcoin to celebrate National Burrito Day. A bit pointless, but once again anything that puts crypto out there in front of people is a good thing IMO. And if you can get a burrito too then even better. Considering the size of Chipolte $200k over a week is a rounding error in their advertising budget but it's still better then nothing. -Dave |
|
|
|
...If you were to get cash back from the Apple card, or any other credit card, you could use that fiat to purchase crypto. This isn't something that would be automatic, and you would probably have to pay some kind of exchange fee for doing so, but it would essentially be the same.
True, but there is....gasp...work and effort involved with doing that :-) ...Never used Gemini exchange myself but last time I checked they had much higher fees than Binance or FTX so you should also think about that....
They are about average for what I use them for. (BTC <-> Fiat) Why don't you move from NY to other more crypto friendly state?
Apart for crypto benefits I heard that life could generally be better all around, and you could have more freedom.
Apart from the fact that I'm comfortable here, mostly family stuff. Oh and the pizza. https://www.youtube.com/watch?v=jCgYMFtxUUw-Dave |
|
|
|
|
Although not a perfect explanation BUT
A node is what you are running on your desktop that you interact with at the desktop level.
What you are connecting to with electrum and sparrow are not the actual bitcoind software but another application that sits next to it so you can send / receive / see you balances.
Think of it in the web world, you can create a document on your desktop and email it.
For the rest of the world to see it whenever you need a web server.
-Dave
|
|
|
|
To much surprise, the top 5 mining companies have actually outperformed bitcoin since 2020. It's surprising because very few things on this planet are more volatile and bi-polar than crypto, but there is indeed a drastic difference in volatility here.
Part of this has to do with the fact that bitcoin has become less volatile over the years as it starts to benefit from the network effect. In addition, high growth stocks tend to trade off of multiples of expected earnings. It all plays into the reason why from Aug 2021 to Nov 2022 bitcoin mining index increased 1,503% while bitcoin only increased 474%. Take the 'only' with a grain of salt
Questioning whether the top 5 mining companies (Marathon, Aker, SBI, Northern, and Riot) will make for outsized returns again in the next bull cycle. Bitcoin is now up 31% from the 'local' low, while those mining companies are up 90%. Very fascinating to see these equities outperform bitcoin itself, and chances are it continues to happen.
Nov 2022? Are you seeing into the future for a real number? Also, without knowing all the facts about other money (investors) coming into the businesses you don't know how real the numbers are. And are they real or a statistical blip. Just about anyone can pick any 2 things and a specific set of dates / times / other data. To show something. But you really want to see several 3 to 5 year blocks of time at a minimum. -Dave |
|
|
|
I guess the question is how much do you understand how other things you use work? This is not a dig at you but just in general. Can you explain how an automatic transmission works vs a CVT vs a manual? How about the computer you are typing on, can you explain TCP/IP routing? And so on. None of it is simple, but we all use it every day. As @Cricktor said cryptography is hard. Other things are very simple to give a basic explanation about but digging deeper takes a lot more. A dumbed-down way of looking at a UTXO is that you are spending a very specific dollar bill with a specific serial number. A UTXO is an output that has not yet been spent in a subsequent transaction.
Is a perfect way of describing it. But if you want to know the programming and the logic behind it, it's gets a lot more complicated very quickly. -Dave |
|
|
|
I think it is best to create wallet that has function to sign message and prove ownership on desktop computer or laptop.
I think we can create two wallets.
One for important ownership and serious deal.
One for less important thing.
The first wallet should be created on desktop computer or laptop.
The second wallet should be created on mobile for convenience.
What wallet supports signing message on mobile?
It is good if it supports Legacy, Nested Segwit, Native Segwit and perfect if support Taproot too. If a wallet supports Legacy, Nested and Native Segwit to sign message, it is perfect. I do not find a wallet that support signing message from Taproot address.
I think for wallet for ownership, I will not store my Bitcoin in it. Especially the wallet on mobile.
Any wallet with any serious amounts should never be created on a laptop or desktop or phone but on a separate hardware device. I think the number I times I have wanted to / had to sign something with an address on my mobile wallet over the last 8 years or so can be counted on the fingers of one hand. There are a few that do some signing of certain types, none that do all, and as far as I know none that do taproot. -Dave |
|
|
|
|
The other issue you may have is there are a lot of people who don't want to talk about it.
I mentioned this thread to someone who is not on bitcointalk and he basically said that unless it's known and public that you had funds there talking about it even anonymously to someone is not a good idea since you never know what you might say that can identify you. I think it's a bit paranoid, but I do understand where they are coming from. People like OgNasty who were known to have funds and have no problem talking about it are one thing. Finding / getting the others will be difficult, and it's kind of bad about that because they probably have some good views.
With that being said, yes I was using them, and I got everything out long before the implosion. No real reason other then luck, was going to be traveling a lot for work back then and figured I would never have time to do anything with the BTC that was there so I pulled everything out. Just a bit of luck on my part.
-Dave
|
|
|
|
|
The biggest issue I see is that people tend to like to work with local providers.
Are you going to be putting yourself out there as a source for people who need help and then put them in contact with a local person or is it going to be one monolithic setup?
The rules here in NY are different then the rules in NJ and those are different then the rules in PA.
Some things are stricter about some things more then others depending on location. And also the amounts of crypto that will be involved.
This is why people get the "warm fuzzy feeling" going with a closer person, who admittedly may not be as good, but has a better idea of what is needed where they are located.
-Dave
|
|
|
|
|
It's actually why a lot of companies buy others that are in distress.
If they know the general cost of acquiring a customer within a few percentage points and they know how many customers the place they want to buy has it's just math at that point.
You have to figure in 'loss' which would include duplicate customers, those who don't want to use your company for whatever reason, those who will no longer consider using your or any other similar service and so on. But, it's not a bad idea in general.
The question is can they make it work if they do acquire Voyager or will that drag down FTX.
-Dave
|
|
|
|
From here: https://support.gemini.com/hc/en-us/articles/4405148512923-Product-OverviewWho can apply for the Gemini Credit Card?
Residents in all 50 U.S. states will be eligible to apply (terms and restrictions will apply). Unfortunately, the Gemini Credit Card will not be available outside of the U.S. So for now it's US only. At a guess, it's going to be like the Coinbase card. Limited to who can get it at 1st based on where you live and then add on more countries and parts of the world. Very few banks issue cards world wide and just about none of them are crypto friendly. So they will probably wind up with a bunch of different banks depending on where you are. -Dave |
|
|
|
It's becoming a fashion to use bank cards with a cashback system, I'm tempted but it's difficult to compare them to find the most advantageous. I guess with Gemini, you didn't need to lock funds in your wallet (a bit like Binance does)?
2% on groceries is not bad, you can avoid some of the inflation on food prices. I'm cheap, every penny matters LOL.
I look at it as being pro BTC. It's not 2% it's 2% fiat value now. BTC goes back to $50k It's 4+% goes to $100K even more for what I spend now. Even if BTC hits $75k and then goes to $100k it's still more then 2%. If I use some other card that is a straight cash back (or points or whatever) it's that value and that's it. So I my mind, it's for cryptp users who are pro crypto and think it's value is going to climb. -Dave |
|
|
|
|
I see this going on for a while until the next 'big thing' in crypto.
Eliminating the fact that the price has fallen so their fees on trades are worth a lot less defi and NFTs are circling the drain. New tokens coming out are down to a trickle and a lot of crypto space is in a holding pattern.
You can justify keeping people around when there is something coming, but if you can't see anything coming for new work / projects they are going to be let go.
It is a micro view of the tech industry in general. Intel / AMD / Nvidia / ARM always have a new thing coming so there is always work for engineers as there is a lot of work for programmers in places like Microsoft / Adobe / Google etc. But smaller shops that are more project based routinely have layoffs.
Now what I think is more important is the percentage. Buenbit cutting 45% of it's workforce is not a good thing. Bullish letting go 10% is not that big a deal.
-Dave
|
|
|
|
Metal card and that I think really cool, which is part of the reason why I got it.
There is no number on it. No expiration date. No 3 digit code. Just my name on back. Sounds interesting, but I never before heard there is a card without expiration date  Did you have to pay something for getting this card, and are there any fees you pay monthly or annually? I guess this card is only available in United States, and I don't have Gemini exchange account so no deal for me. It has an expiration date but it's not printed on the card. Nothing is but my name, no card number no CVV number. Not even a phone number to contact them. It's all given in the app but not printed on the card. Good security measure if you ask me. No fees outside of standard interest & late fees. US only for now. What is nice is rewards are instant, I bought dinner last night after my post about it and the BTC is already in my account. Side bit of an OT rant but I am getting really tired of crypto places not wanting to deal with NY because of the bitlicense that is required to be here. There are 30+ exchanges that have it and obviously it can be done and done profitably it's just that for some reason places don't want to open their books and put in the effort. -Dave |
|
|
|
|
Show Posts
