Yeah, unfortunately that is true. Most people don't want to learn and while centralized exchanges are losing "volume" in short term, after a little while (maybe 2 or 3 months from now) everything will go back to "normal" and they all re-deposit their coins on the same exchange forgetting what happened today!

There is no script preventing these outputs from being spent since they are normal P2PKH scripts. What prevents them from being spent is that because of the way these addresses are created. The user creates the hash which can not be reversed to get the public key which also can not be reversed to get the private key that is needed to spend the coins.

If you send any coins to the public key used in Genesis blocks, the coins may never move but they are not lost because Satoshi created that key and may have the private key still stored somewhere so that he can spend those coins in the future if he chooses to.

This is one of those projects that are only cool to watch from afar not something you'd do yourself.

I'm curious about the sustainability of such thing though. The phone has to run 24/7 connected to power and processing transactions constantly. That means heat and also the battery life could be a concern too.

The checksum is not meant for you and your eyes. It is meant for the application so that whenever a user enters the checksum incorrectly into that tool's textbox it can automatically detect if there were any mistakes in the input so that the application can inform the user that something is wrong.

Things are definitely getting interesting regarding "countries" buying up gold. As I said a while ago there are multiple countries that have been increasing the amount of gold they have (Russia, China, India and Iran are a few of them). Rulers of other countries with half a brain have been joining this trend too but they are trying their best to keep it under wraps.

Part of it is because fiat currencies (namely US dollar) are getting weaker and part of it is because of the fear of a worsening global conflict in which case gold could be a good option to have.
Another reason is that many countries have been moving to a new parallel economy (with the new World Order) where they no longer use USD as international trade currency. There are a couple of replacements and gold (and surprisingly bitcoin) are among the options..

This is not new either. It has been going on for a couple of years. For example the 5 oil tankers we sent to Venezuela in 2020 while Trump was shitting his pants over their content were sold mainly for gold.
AFAIK China has also been accumulating gold for a couple of years.

That is exactly the reason why a large number of countries have been moving away from US in the past couple of years. The new World Order is already in place and is going to significantly decrease the effects of that collapse every day. In the end it will only be countries that heavily depend on US or are US colonies that will go back to the "stone age" as you put it.

I believe the rumor part is the only reason why people are panic withdrawing their coins from centralized exchanges otherwise events similar to FTX have happened in the past and the users reaction weren't like this. But the fact that media and some "celebrities" got behind the story that others are also insolvent got them moving.

It depends on where you look! It is like going to a bar and complain about everyone being drunk...

There has been always a lot of legitimate negativity about crypto (read altcoins) for good reasons. They are useless and majority of them are scams.

That's already old news.

You should care about bitcoin as the only decentralized currency not something to get rich quick from

Which has nothing to do with bitcoin!

Just replace the ~ part with any arbitrary number and search the same term you will find people say the same thing when price was $0.001, $0.01, $0.1, $1, $10, $100, $1000, $10000 and you will see the same when it reaches $100000 and $1000000

You should have educated yourself about this decentralized censorship resistance currency before you converted your other currencies to this one! You should have also converted what you could afford to lose.

LOL.

This type of scam is too obvious because it is pretty simple to debunk them. If there existed a method of investment that could give such a massive return they would never accept YOU as an investor! They would simply invest their own money and become billionaires in a short time...

It is both easy to find the scammer and arrest them and to prove this whole operation is a scam.
The real problem is whether the law enforcement going to do anything about it. Someone has to file a complaint and go through all the legal work to bring them down. In Ponzi schemes people don't do that until it is too late and the scammer has already ran away with their money.

If that's the main reason why you are making this suggestion then it is terrible an you are misleading beginners.

There is a lot of choices between a custodial account that you have no control over and a hardware wallet that you have to purchase! Like a simple SPV desktop or phone wallet like Electrum.
The only way this particular advice (using custodial wallets such as Coinbase) is valid is if you explicitly explain the risks and all the problems that this type of "accounts" have and also you must follow it up with explaining other wallet types.

P.S. Cold storage is not just hardware wallets.

1. No one should even though every high in bitcoin is the future low
2. Yes but they can't know where the high is, when the rise is happening all everyone sees is the rise without being able to predict when it is going to end.
3. I wasn't talking about ATH. Before halving date there is always a lot of hype in the market with countdowns and whatnot and people are generally excited and are FOMO buying bitcoin hence causing a rise or even a mini-bubble!

That is pretty much the expected behavior from the corrupt banking systems in different countries. We haven't forgotten how the US banksters outright called bitcoin "fraud" while they were buying it in the dip themselves! They will continue their FUD spreading campaign for years to come.

On top of that we should expect more FUD about bitcoin coming from EU in the near future, specially if their energy crisis worsens and their need for something to pin the problem on grows. There is already talks about bitcoin mining energy consumption FUD in EU...

You are forgetting the first step of this process where the increasing number of people believing in the pattern start buying bitcoin because they think price is going high and at the same time they are seeing the signs of it going up. Just like what happens every 4 years in the weeks leading to halving where a lot of people panic buy bitcoin!

Not necessarily. The previous world order where 2 super powers (US and Soviet Union) each controlled half the world didn't go away with a world war. It was replaced when one of the super powers (ie. Soviet Union) fell apart from within.
This new world order is being introduced in a very similar fashion where the United States is weakening from within and possibly completely falling apart in the next 5 to 10 years.

I thought there was some stories about a person who had a lot of money in bitcoin and was "taken" by the bad guys and had to be rescued by Liam Neeson in a daring and dangerous mission
It turned out to be sad but disappointing stories about random natural deaths...

This is not an "analysis" you just made a bunch of guesses without giving any actual reason and analysis on why you think your guesses are correct. In other words your post lacks the mandatory logic.

This is nonsense because when you say "altcoins" you are talking about over 10000 different coins and tokens. Obviously they are not all moving the same way, for example when everything is falling there is always a handful of shitcoins that get pumped. So you have to be a lot more specific than that.

It is understandable that shitcoins start getting pumped now that bitcoin price is stable and isn't making a big move. But you can't predict which shitcoin the pumping teams are going to choose for pump in advanced. It can only be seen and analyzed when the pump is happening.

This is yet another sign of the new world order that has been established a while ago.
A couple of years ago I mentioned the fact that some countries are abandoning US dollar and the Unipolar World is over but some people didn't believe me. Now we are seeing more countries, even tiny ones like UAE are jumping on the wagon of abandoning US dollar and joining the New World Order in the new MultiPolar world.

I disagree with calling what happened a "downtrend" or a "bear market". If you look at the charts this was a quick crash that took less than 48 hours. And from November 8-9 till today price is stable so there is no "down trend" going on just a sudden crash which unlike 2017 was a small crash (about 20%) since we used to see 30 to 40% crashes whenever such bad news came out.

There has been lots of positive news this whole year but the problem was the global economy that entered inflation + recession mode ever since February. That could not really be predicted which is why I don't see any logical way anybody could have predicted the 2022 bear market.
In fact if you look at the predictions of those times some people were expecting a bear market for WRONG reasons such as the cycle that had been already broken.

In any case I don't see any change in December either. We may go back above $20k but not a big change in the side ways market can be seen until the global economy reaches a stability or crashes hard enough to push people towards bitcoin.

You should avoid using such tools that can not process upper case bech32 addresses because that is a bug in their implementation as the said encoding is not case sensitive and should only reject mixed case strings.

The "bitcoin:" part is a URI scheme (BIP-21) that not all wallets support. These are supposed to be a clickable link and after clicking them the information will be sent to your wallet which would fill the "payto" textboxes for you automatically. However, this may be obvious but it should not be entered manually in the address field since that would be rejected.
The reason why it is lower case is because it is not encoded as part of the address nor in the QR code. It is just part of the URI scheme.

There should not be any workarounds available since the whole point of designing bech32 encoding like this was to allow QR codes to be created using upper case letters as @nc50lc pointed out.

If you are willing to spend money on a computer it may be more convenient to purchase a hardware wallet instead. It is also cheaper.

Another method would be to use a live Linux which you could burn on a DVD to run offline without any network connection or access to hard disks, etc. and then creating the wallet in that environment and writing down the seed phrase on a piece of paper. Of course securing this wallet is harder and spending from it is more complicated compared to using a hardware wallet.
Also: https://bitcointalk.org/index.php?topic=853288.0

That's right. It is always best to keep multiple backups so that you can reduce the risks of losing funds. Make sure to protect those backups though.