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I would say that a successful scam requires at least two people, one who is behind the scam, and the other who will believe in it and invest in it. I remember when some on this forum questioned the legality and risks of the platform mentioned by the OP, and unfortunately many did not understand how stupid it was to believe that such a literal Ponzi scheme could last forever.
It's not just the fine print, expensive lawyers and sleazy CEO that we have, it's the millions who have no idea what they're doing - because every concept of banks and interest in the world of cryptocurrencies is completely wrong, especially if it's Bitcoin. It's too late for some things now, but it seems that even after everything, people have learned almost nothing - millions of BTC are in the possession of various CEXs, and their clients are exposed to the risk of being left without everything.
But you can't force someone to act smart if he insists on being stupid, right?
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Sorry but is Trust wallet really open source?
Who says that is so? It is a well-known fact that this wallet is not open source, and even that is clearly stated in the second post of this topic.
I knew about android phones since version 1.0 but till this day I have never seen a n android phone getting infected with malware, I don't think it's possible but correct me if I am wrong.
It is quite possible, Android is not immune to malware and viruses. I have personally seen some smartphones infected with very vicious malware that at that moment could not be removed in any way, not even a factory reset. I can't remember what that malware was called, although we mentioned it on the forum. If you are interested in more, there are good articles that describe in detail some of the most dangerous malware that attack the Android OS, and how to prevent them - use the search engine and keywords. |
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...Can seed phrase be memorized? It's advisable to memorize seed phrase?
Why don't you try and see if it is possible to remember 12 or 24 words? Of course it is possible, but if you use your brain as storage, then you have to take into account that this storage can be damaged at any time, whether it is due to an accident or some disease that causes memory loss. In addition, keeping such things in your head is not smart for another reason, because someone can use it to find out about them while you are not completely conscious (under the influence of alcohol, drugs).
Why don't you consider uploading it to the cloud?
That is what I did with metamask phrases. I remember the password of my email. And in fact, all I need to remember is the password of my email, I synced everything, so when I log in to Gmail, everything automatically gets synced, and I have the doc where my seed phrase is saved.
I'd recommend that, it is convenient, easy.
Don't come here to cry if someone hacks you, and you won't be the first one to have it happen because he thought such things should be kept online. It's one of the worst ways to store seed/private keys, and I hope no one listens to your advice. |
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I've also heard that it was possible to hack, with physical access to the equipment, a Trezor. But there is no record that anything ever happened to a Ledger.
When you write it like that, it looks like it's a rumor, but the truth is that it's a proven fact and that any Trezor HW that is not protected with a passphrase or SD card can be hacked in 5 minutes with equipment worth $100. Of course, it is a physical attack, which means that the HW should be stolen/lost. Ledger had its vulnerabilities, but as far as is known, they have all been patched, although the Ledger Leak is something that definitely seriously damaged the company's credibility. Someone who is in such a serious business should not allow such situations. |
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If you want security, then forget all desktop/mobile/online or hardware wallets and focus on cold storage. Of course, the whole thing boils down to the fact that you need a device that is not and will never be connected to the Internet, and a little knowledge about how to make cold storage in the correct way. It's just advice, of course you do everything at your own risk.
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Someone copied part of my post. Does this count as plagiarism? Original: I can make a deal per post, per week, per month or per year, payment in Bitcoin. Payment can be fixed in Bitcoin or dollars, but has to happen in Bitcoin. I prefer to be paid upfront, but I'm flexible if you're trusted enough. Copy: I can make a deal per post, per week, per month or per year for all the three above separately or together. Payment to be made in Bitcoin. We may agree to a fixed payment in dollars but the payment mode will be bitcoin. Of course it is plagiarism, part of the post or the whole post does not matter at all. The user in question produced a bunch of garbage on the forum just today, and in order to prove that he is a very active user, he obviously doesn't mind using other people's posts. |
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As many as 12 threads so far today, and 90% of them are low-value and zero-effort copy-pasting. If you continue like this, you will not achieve anything of what you have planned, but the exact opposite - some members will put you on ignore, and others will often use the "report to moderator" button.
Being active and being active with quality content are two different things.
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Is there a good format for deploying a stablecoin or altcoin that improves on loan advantages gained by inflation being high? Coupled with interest rates being lower than inflation?
Do you still think that every problem can be solved with a new coin, token or stablecoin? You've been talking about it for years, and I've never seen any of your ideas turn out to be anything other than empty talk. What about the idea that firewood is the new bitcoin - have you looked at the temperatures in Europe this winter? |
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If we were to compare the total value of all cryptocurrencies, then according to the CMC market cap, it would currently amount to a little more than $800 billion - and for comparison, the US defense budget for last year was about $780 billion. I think that this speaks more than enough about the importance of crypto-currencies on the global economy, and the so-called CDBC should not be mixed in, because apart from the digital aspect, there is nothing different about it from money as it exists today.
As for the petro-dollar, I think that project is far from any success, and I doubt that anyone will copy it, but China and its CBDC are a different story because they are forcing it without asking the opinion of their residents. In some further development, that currency could be accepted by some other countries that are politically and economically close to them, but it is more likely that it will still serve them for even greater control over their residents with all the measures they are already implementing.
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I can only copy opinion of one member who recently, when asked about those who sell various crypto courses on trading, wrote that only those who sell it actually make money - and I think it is similar with those so-called AI bots. If someone has a trading bot that is special and makes a profit, he will certainly not sell it if he can make a profit with it.
I advise less YT and all the possible magic that is presented there, which will result in a smaller number of fairly meaningless questions on the forum.
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~snip~
And maybe this is going to be the one that will push Bitcoin to it's new high in 2024 or at least 6 digits minimum when President of a country backing up it up as legal tender.
I don't know how old you are, but some of the comments look like they were written by elementary school kids, who also have no idea about Bitcoin or economics. To think that one man's opinion will cause some massive bull run that will launch Bitcoin above $100k is childish to say the least, because if we should have learned anything from the example of El Salvador, it is that "legal tender" means almost nothing if people they don't want to use Bitcoin as a currency. I really don't understand what is so attractive about the idea that politicians give some kind of approval for Bitcoin, when it basically functions without any permission from the Genesis block until today. |
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I don't know why anyone engages in a discussion with such characters and gives importance to their ideas at all. However, until the new alt terrorist, this discussion is over because the OP got permanent cold storage -> https://bpip.org/Profile?id=3521140 |
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I remember that over the years I have read so many positive news when it comes to politicians from Argentina and when it comes to Bitcoin, but I have not noticed that anything has changed until today. It remains to be seen whether the current presidential candidate is serious about what he is saying or just a populist looking for additional votes, but somehow it doesn't seem to me that Milei can get away with his radical ideas. Bitcoin is the natural reaction against the Central Bank scammers and to make money private again. […] In economies with high inflation, the scam problem is bigger. That’s why, as I suggest, you can propose to close the Central Bank.
7 years ago, the same story, only with a different name, very interesting  Argentina’s New President Might Just be a Bitcoin Supporter |
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~snip~
But I'm not talking about the living conditions of the people. It's one thing for a country to have nice GDP figures; it's another to have a high standard of living. China also has a dragon economy. But how's the millions of Chinese at the bottom? They're living in dire poverty.
That's what I was talking about, because numbers are one thing, and what really happens at the level of an ordinary person is something completely different. I have watched several documentaries about these mega factory-cities in China and I cannot say that it is anything other than a modern version of slavery where people live and work in very difficult conditions for very little money, and suicides and serious injuries at work are an everyday occurrence. I have no doubt that those at the top and the upper middle class have great benefits from all this, but I do not see it as a success for the country as a whole, but only for a part of the privileged. |
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I hope this happens, as with the Dubaian account.
The third case of plagiarism was carefully copied from various sources. I ask the moderators to be fair. It seems that you will have to find at least one more plagiarized post from @fennic, because all the reported posts have been deleted, and the moderators only recognize the direct post in reports, the archived and the quoted content are not credible evidence. |
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A question for the mods if they happen to peek into this thread - why are you deleting the plagiarized posts from this member instead of doing the same as in other cases? |
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If you truly believe you can make great money, then you will probably WIN. Best wishes to the winners!
What does believing in something have to do with what will happen in real life? Everyone who starts dealing with crypto trading thinks that they can make a lot of money, they don't do it because they are bored in life or have excess money that they want to lose. Those who will eventually say that they have profited are in very small numbers, and their success does not depend only on what they truly believed would succeed, but also because they invested a lot of time, money, and were persistent in what they were doing - with of course a certain talent that is always a part of success. The negativity in this thread is both amazing and somewhat encouraging for the rare people destined to do great at trading.
It is not a negativity but a reality supported by statistics that show how difficult it is to be successful in this type of trading. However, at the end of the day, everyone is free to invest their money however they want, and cryptocurrency trading is just one of the ways to lose money quickly (if you don't know what you're doing). |
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That won’t work… we need more something like posting in WO allowed only for Sr. Members or above
Like we have in Serious Discussion and Ivory Tower… theymos can do it if requested.
Did I suggest this in Meta not so long ago or it just seems to me that we had such a discussion? In any case, I think it would be a good idea, although the admin might think about it only if it had the support of the majority of members who regularly post on this board. |
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