I think it would be more advisable to do so. Firmware updates don't only provide security updates, but also fix bugs and add new features.
If you want to set up your cold wallet setup only once (i.e. install all necessary wallets and never update them), then you wouldn't need any firmware updates. But updating the firmware doesn't really do any harm. It might be possible that once in a while an update will create some problems, but those are usually fixed in a relatively short timeframe.
Additionally, if you keep installing more wallets (for additional coins) or need to update those wallets, they might require an up-to-date ledger.
If you have a backup of your seed (which you always should have), i'd say just update it once in a while. It has more advantages than disadvantages.
I could always reset my ledger before plugging it into an online device to update it (idea that just came up in my mind), the point I was trying to make is that as soon as I'm only plugging it into an offline device, security risks are 0 (excluding physical security exploits, of course). Ledger always made their updates great, especially the last few ones that brought some features I always wished for. It's in my best interest to update it, of course.
In rare case, your Ledger might be reset and you need to restore your wallet with your word recovery phrase backup though. Not harmful if you actually store your word recovery phrase, but it might be inconvenient.
Had it happen about two or three times. Besides the scary idea that you might've stored the wrong words somehow or that you might've lost the paper, all went fine. As soon as I'll experiment with an airgapped PC + a Ledger, I'll possibly write a "review" of my experience in case all goes well. Haven't seen a single post anywhere on the internet yet about it ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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I don't think there is a single service I have used that promised something unreal and delivered their promises without scamming. The golden saying that begins with "If it seems too good.." is gonna stay golden.
No comments about the design - these scams are getting better at it every day. But learn not to be fooled by a good design and just be skeptic. 1.5% per day is just unrealistic and even if they pay you in the beginning, they may go for a scam at any point.
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Why not, at least it works for BTC via Electrum, and it cost you nothing, just some extra time. Only problem I see there is that at some point Ledger will release new firmware, and I think only way for upgrade is to go online. I never try to use my Ledger with some Electrum forks (DASH, LTC) but maybe some of them would work with Ledger.
~ I'll go for it, thanks. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) There are actually quite a lot of alts from the top 100 cryptos that have HW-supported core wallets so it could be an option. Do you think firmware updates would even be needed anymoe as soon as my PC is completely airgapped? ~ Not a bad idea, it would definitely simplify things for you considering what you want to do. BTC is for those serious, altcoins are for beginners ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) True. But I have some out here I've been a very long time hodler of and it feels kinda bad to think about selling them! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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It completely depends on the path we take as soon as the real problems come up. I still believe we haven't entered the worst timeline yet. I mean, it depends on what the most significant part of traders think - their way of doing economics is going to show the most significant change. If the majority of the market players will have no savings and will need to sell their assets, the market takes a negative turn. It can't really be predicted imo with much accuracy. I'm going to just let it be and whatever happens, I'll be right here shilling BTC 'till the end. ~ 2. The psychology of fear that if we die by Virus and die, investing in Cryptocurrency will not bring anything when we die ~ No offense but this one sounds kinda stupid. We obviously don't bring anything with us upon death.
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To be honest, a coin that creates a great p2p exchange with decent fees and proves its success deserves to have its name taken through the top cryptocurrencies out there. We're in grave need of a high volume DEX in my opinion, and the only thing that needs to happen is people to realize that decentralized is the future. I'm hopeful. For now, I have very few DEXs on my watchlist and I'm waiting for the first one to launch off as a p2p exchange. Once that happens, let them get to the top. Having a fully functional and heavily used decentralized exchange has been my dream for years now. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) One reason they have a big chance to get to the top is that they bring something new & unique to the crypto sphere. Again - if it's a proven success, I guess it's commmon sense that its value increases.
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You need to use a wallet for each altcoin which allows you to sign and export transactions (just as electrum for bitcoin). This most likely won't work without such a wallet. Especially shitcoins altcoins which are only accessible via ledger live.
I mean.. you probably could write your own application to communicate with your ledger, but this would mean quite some additional work.
Alright, will look for such wallets and experiment with them. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
I think you're a little too paranoid, because Ledger hardware wallets are designed to protect you not only because they use secure element, but every action you take must be confirmed by the push of a button. If you are a person who knows how to use hardware wallet, then at this time you have no reason to seek some extreme ways of additional protection. I don't know how to precisely describe the reason I'm willing to go for a Ledger on an airgapped PC to be honest, but I'll give it a try. Let's say I would never want any server to communicate in any way with my HW directly without my knowledge and accept. For 100% ensurance that nobody could ever get in touch with any data from my HW, I'll use my Ledger to sign and export a transaction on my airgapped PC. The broadcast will happen over Tor from a smartphone (or from Tails) and the only data my smartphone/Tails ever receives is the transactions to broadcast. This is honestly a new side of the cryptocurrencies that I've never explored. I'm willing to explore it now, and this idea came up in my mind. In other words, my Ledger would only communicate with an offline computer and the only information that could ever get leaked online is the transactions I sign offline. I have Electrum and AFAIK I can do this through it, but the problem pops up when I have to do it with any altcoin. Makes sense? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
After all, this might be a sign to move everything to the King of cryptos and stay with it from now on. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Theoretically, purely based on its structure, it is decentralized. But as all members above said, the reality says the opposite. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I never really liked that much the way ETH even works. I dunno - it gives me a weird vibe as if I am not under complete control of my wallet. It's sad how a coin can be promoted as decentralized when there is a huge manpower laying over the entire coin and willing to conquer it even more. If one has the power to do such a large & full-of-consequences move, run away.
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Call me paranoid, crazy or whatever you will - I'm looking for a method to use my Ledger to sign transactions on a completely airgapped PC.
As far as I know, using a crypto wallet on an airgapped computer means signing a transaction from it and broadcasting it from an online device. In my case, I can't find a way to do this by using my Ledger without having to go online on the computer I want to sign & broadcast my txs from.
I think I can do this for BTC by using Electrum. But what if I want to do this with all the altcoins I'm holding too? I've been looking for weeks already for ways but I still can't find one.
If anyone can find me a way to somehow make use of my Ledger on this airgapped computer, I'd be more than thankful.
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Well, even if a suspicious host changes their IP and tries to attack again, the most logical idea is that their new try of an attack gets rejected again and added to the file. Once the first attack gets blocked, no matter what other IP they switch to, the block will occur for the second, third (and so on) try too.. Someone with a more advanced technical knowledge about BTC could correct me if I'm wrong. I'm just going for the common sense. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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I guess the first crypto platforms were some of the most unique ideas on the Internet era. It's quite hard right now to come up with something unique that could attract a lot of people. Freebitco.in was one of the first BTC websites I have ever used and they honestly deserve their success because it's one of the reasons I'm still on Bitcoin today. The gambling semi-addiction made me push my interest more towards BTC so even today it's my favorite subject and asset. We all know that casinos earn a ton of money by doing nothing other than letting people come in and play their chances. Well, while some casinos offer you nothing even if you lose all your money, there are some platforms out there that let you at least have a little fun with free faucet claims. Using the earnings to entertain your customers even more is a smart tactic to make your customers deposit even more. I don't think Satoshi is/was behind any of the existing platforms.. it just doesn't look to me like Satoshi had much of a financial interest when he created cryptocurrencies. He launched BTC and just let it grow like a little child. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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I just wanted to say THANK YOU! Damn it, I've been having issues with the shitty Google Captcha for months and had no idea this existed! Google's captcha thingy gets annoying at one point, especially if you're using browsers set up to delete any history, cache etc upon exit. I honestly thought there was no way around it. Is this link under the login form? I've never seen it before..
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Theoretically, as more money enters the market, its value grows. But this one is different and I'm really wondering what the consequences of this free money giveaway will be.
There are two things going on: 1. USD will lose its purchasing power 2. BTC will have new investors with out-of-nowhere printed USD.
What happens if we combine the two? The purchasing power loss of USD leads to an increase in BTC, right? Just like gold booms when a recessions is coming in for the same reason. So let's say BTC goes from $7k to $10k due to purchasing power loss. When new USD is printed out of nowhere and given to American citizens, those who will use the stimulus checks for BTC purchases will add value to BTC. Let's say BTC now grows from $10k to $13k.
Am I missing something? If this happened infinitely and we printed money out of nowhere continuously, would that make BTC extremely valuable or am I missing something..?
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If Elon Musk sending all those 5G satellites into space to beam to earth 5g frequencies then what use are the 5G towers down on earth then?
Yes its possible to overcome the ban with wi-fi then that means you cant spend bitcoin outdoors at the shops then right?
AFAIK, Musk's satellites will not beam 5G frequencies. It's something similar to the 5G technology, but not the same thing. The 5G towers will be available in cities of developed countries. Musk's satellites are brought up in the sky to get internet connections even in areas that have never seen internet connection coverage before. If Bitcoin would ever be banned, it is common sense that you won't be able to pay at any point of interest. It'd only then become the "criminal's favorite coin", but if authorities ban it, don't they ever call me a criminal because they banned it. A BTC ban seems more and more realistic to me though - the authoritarian way of leading a country is on the rise while privacy is shrinking to the point where it'll be just an idea. Just a theory and a definition.
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Teaching someone about BTC by telling them how their investment will boom in a few months is not teaching them about BTC - it's like telling a kid why Trump should be voted when they have no idea what politics are.
If one wants to educate somebody about Bitcoin and blockchain, they should start from the bottom: how Bitcoin was constructed and why. Why you can free yourself at least partially from the enslavement of our system.
Moreover, convincing someone to get in BTC through praising its supposed price boom might not only go wrong as an investment but as a relationship between you two. I've been there, during my early years of cryptocurrencies. Could go bad very easily.
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Problem is in fact that most Electrum users do not use preview button before they click send button ~
I haven't used Electrum for sending BTC, is preview non-mandatory? If so, then it should be mandatory to avoid this issue from occuring, just like verifying the address is mandatory on Ledgers. Although it doesn't avoid the issue completely as one can simply ignore the preview window, it does pop up to subconsciously remind you "hey, check the address again!". Same thing goes for seed backup upon wallet creation. All wallets should impose a mandatory seed backup and verification without the possibility of taking a screenshot of the seed or copying it to the clipboard for extra protection. I have seen too many wallets letting their users skip the process. It's a crucial step for any of us, not only for newbies. I have ignored the seed backup step many times recently although I am aware of how important of a step it is! Now that I'm using HWs only, it feels pretty scary to think about using a wallet without having to confirm a tx by pushing the buttons of an external device ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Few happen to win large jackpots in gambling, but the chances are there and anyone could win it one day if that's their destiny. However, it's sad that too many people gamble more than they should because their mind says the more you bet, the higher chances are to win. Most of the time, things we wish for come at the most unexpected times. Has it ever happened to you? Why would it be different in gambling? I just feel like greed leads to more losses, like some kind of karma for desperately trying to hit the big one.. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
Isn't that the reason most people view gambling as bad/wrong? When initially, it was just a game that involves money. Sadly, a lot of people try to profit off of not on the game, but rather the people playing the game, making them go under debts and the like by basically tricking them to thinking they could win big bucks. You could actually try and see if some gambling casinos record the winners in their gambling games. I found one with Cloudbet here and their pretty interesting games as well as situations. Education. Lack of proper education can be easily noticed just anywhere, especially now with the pandemic, and no - it's not our fault but the education system's for teaching us the wrong things. Hitting big wins through gambling goes wrong most of the time because while I'd take at least two thirds of that money and invest it in something, most others will gamble it all in a matter of days, weeks or just months. Different perspectives lead to different outcomes. For example: I think my largest win was somewhere around 0.2BTC. When I won it, I took 0.19BTC and invested it all while gambling the remaining 0.01BTC. Guess what happened to the latter within hours... poof! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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I'm surprised no one has recommended switching from centralized to decentralized exchanges yet. I'll be the first one to say it. Do not use any centralized exchange. If you need to buy cryptocurrencies with fiat, go to Binance, get some BTC and transfer it to your personal wallet. If you have the possibility, buy coins from local ATMs. Then, switch to peer-to-peer exchanges such as Bisq or, my favorite one, Komodo's Atomic DEX. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Decentralized exchanges are amazing: no KYC, no rules! If you have a non-custodial wallet such as Mycelium and you use a fully decentralized exchange, you are in complete control of your own assets. Feels nice not to be worried about anything, trust me!
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~
I don't get it. How is a virus going to help in microchiping people? If Bill Gates had such a vision he could do it through his technologies as it would be much more easier to do so via smartphones, tables or laptops.
It's simple. You generate the problem and once people start feeling threatened by it (by the virus in this case), you come up with the solution: a vaccine! Read my post above and you'll see how this is not a "coincidence" or a so-called "conspiracy" anymore. We're already being tracked by smartphones. Google, Facebook, Instagram, Microsoft (Alexa, Cortana, Mixed Reality, HoloLens etc), Apple, Amazon etc.. We're already being tracked but they do not know what we think yet. That's the next and final step they need to conquer us: conquering our minds and thoughts too so you can't think freely anymore. If he would've done microchipping outside the context of a virus, the entire planet would've rebelled and protested against him. They know how the human mind works, they know what we like and what we don't. This is the perfect opportunity for him to step in and give us his microchip vaccine because his plan is finally working: we requested the lockdowns, we requested something to be done, we requested the army to stay on the street and protect us, we want a vaccine ASAP. Like what the hell were the chances to have the patent I linked to above named WO/2020/0 60 60 6 out of ALL patent codes as the man who only "supposedly" wants to implant microchips under our skin? Let's be honest here.. But the atmosphere all around the world will not look nice when their real plan begins.
Bill Gates is a saint. I really hope this Bill Gates created Corona virus hoax is a joke meme.
Gates shill much? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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~ Accepted! Welcome to the Campaign. Please update your Signature & Avatar ASAP. ~ Thank you, Hhampuz! I'm more than pleased to work with you again. I have updated everything needed. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I checked the spreadsheet and it looks like my address has not been added to it yet - if there's a problem with it, please let me know.
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This is a very different halving for us, imagine halving in the middle of Pandemic, I don't expect much I'm just happy to see that Bitcoin is stable at this pandemic but will be very grateful if we have another big lift after the halving, I hope this pandemic will solve this year and so we can see the market to stabilize.
Once the pandemic ends, the real face of the economical crisis that is now trying to be kept hidden from us will arise. So we're not really going to see stability in the near future imo. We'll only put the pandemic to sleep and wake up yet another hard time. Harsh year it looks like we're going to have. I just don't get why some people expect Bitcoin to make waves immediately once the halving happens. It's not like some BTCs will fly away or anything, BTC will be just like it used to be before but it's going to reward us less every block mined.. what's the deal with this "are you ready" thing like the first rocket ever is going to take off? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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