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May 29, 2024, 11:26:21 PM *
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3261  Other / Off-topic / Re: Your information Diet on: October 02, 2022, 02:12:16 AM
What matters will somehow reach you anyhow, so I bother less with feeding mind and let what comes, comes.
3262  Other / Beginners & Help / Re: Paper can easily get ruined, fast. on: October 02, 2022, 02:10:41 AM
You can use something like this: https://www.amazon.com/Mnemonic-Metal-Private-Keys-Disassembled/dp/B08CRCBGXY
3263  Alternate cryptocurrencies / Altcoin Discussion / Exploiting the ethereum profanity vanity generator on: October 01, 2022, 05:06:34 AM
Some minds might find this interesting: https://medium.com/amber-group/exploiting-the-profanity-flaw-e986576de7ab
3264  Other / Beginners & Help / Re: Do Your Own Research - What Does it really mean on: October 01, 2022, 04:18:25 AM
It depends on individual and I wouldn't expect anyone to follow my advise what I deem right.

dyor, you alone are responsible for your decisions.
3265  Other / Beginners & Help / Re: In future when crypto is everywhere how will we protect ourselves? on: October 01, 2022, 04:10:15 AM
Problems come with solutions inherent, we'll see when it becomes widespread. Anyhow, there isn't much difference tbh, criminals can force for fiat online money transfer too. I understand the anonymity part but still.
3266  Other / Beginners & Help / Re: Crypto wallets have a long way to go on: September 20, 2022, 04:37:32 AM
It's misconception that connecting wallet drains your funds. Error lies in approvals or acknowledging random transaction that you didn't initiate.
3267  Alternate cryptocurrencies / Altcoin Discussion / Re: Don't keep connected your wallet to a Dapps for a long time. on: September 20, 2022, 03:55:24 AM
Afaik, connecting wallet doesn't give anyone access to your wallet, any transaction would have to go through you only, unless dapp was given 'approve all' permission.
...The most likely seed would be compromised after a certain period when wallet keeps connect for a long time...

That seems unlikely just because you connected wallet. Will change my opinion whenever a drain occurs just because of it.
3268  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH is always one step behind the competition on: September 19, 2022, 11:26:44 AM
~

...ethereum is highly trusted by investors so that it has a strong network that will continue to be developed by developers, although so far it has not been able to overcome the problem of transaction fees incurred...
 


Meanwhile,



And it has been so since last few months, not just rare occurance.
3269  Other / Beginners & Help / Re: A question I should have asked on my first day here on: September 19, 2022, 05:18:03 AM
Addition to what nc50lc said, when you make a swap/add liquidity, etc, exchange will ask you for approval permission to use your funds:

1) 'Approve once' mean that you give exchange to use your funds only once. After that, for next action you will have to make approve transaction separately.

2) 'Approve all' would give platform access to use your all funds for any reason without asking any further approve permissions whatsoever.

You save $ in gas fees here but were exchange smart contract to get hacked or someone to find exploit, you would lose your all particular 'approve all' fund.



All in all, stick with 'approve once' transactions, it's safer.
3270  Other / Beginners & Help / Re: 100 Questions newbies keep asking about Bitcoin on: September 19, 2022, 04:50:45 AM
Questions with speculative answers shouldn't be in list tbh
3271  Bitcoin / Bitcoin Discussion / Re: How mentally prepared are you? on: September 19, 2022, 04:49:08 AM
If you are not mentally prepared for Bitcoin investment, it can lead to mental retardation.
To start, they must learn about Bitcoin and achieve knowledge about Bitcoin. Basically, when they understand basics of Bitcoin via Bitcoin Whitepaper, Bitcoin Wiki and other resources, they will begin to have belief in Bitcoin.

That is a start of their mental preparation and as said, it should be triggered by knowledge. Without basic knowledge about Bitcoin, no one can strongly belief in Bitcoin, can not mentally prepared for their investment in Bitcoin.

Haven't read wp, wiki - might have read other stuff tho by chance and I believe in BTC. I mean you don't have to force yourself into reading if you don't want to.
3272  Alternate cryptocurrencies / Altcoin Discussion / Re: Don't keep connected your wallet to a Dapps for a long time. on: September 19, 2022, 04:41:03 AM
Afaik, connecting wallet doesn't give anyone access to your wallet, any transaction would have to go through you only, unless dapp was given 'approve all' permission.
3273  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold on: September 18, 2022, 06:06:43 AM
^ eth fees are pretty low already, mostly < 20 gwei these days, in single digit often as well.
3274  Alternate cryptocurrencies / Altcoin Discussion / Re: Will "De-Fi" platforms be subject to KYC/AML laws in the future? on: September 18, 2022, 03:27:58 AM
Dunno exactly, but there should be workarounds around that as you might be able to access these platforms with different frontends. After all, they can only censor frontend and not the smart contract itself.
3275  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH is always one step behind the competition on: September 18, 2022, 03:27:36 AM
Ethereum was first to have smart contracts afaik — being early advantage, and community matters a lot in valuing a coin. Just look at doge.

3276  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: How to attract users to the blockchain game ? on: September 18, 2022, 03:15:49 AM
Some top of my head — proper beginner's guide, p2e so player can still play despite having low player count, wide devices support, game should be lightweight on both device and Internet.
3277  Alternate cryptocurrencies / Altcoin Discussion / Re: LBRY Token (LBC) Real world valuation??? on: September 17, 2022, 06:01:19 AM
Know this project since 2017, I like to think it's out of fuel. Their Twitter is filled with politics more than project updates.

...When they started, they had like 10 users, a terrible app and no web interface. Then they built up their product. Then in 2020 they launched lbry.tv, soon to be Odysee, and it had well under 1M users/mo. Now they have over 50M users/mo and are growing fast. I'd be shocked if they weren't over 100M users/mo in 2023 and growing...


From where did you get active userbase numbers? Looking at view counts, it doesn't look 50M imho.
3278  Alternate cryptocurrencies / Altcoin Discussion / Re: LBRY Token (LBC) Real world valuation??? on: September 17, 2022, 04:16:05 AM
Know this project since 2017, I like to think it's out of fuel. Their Twitter is filled with politics more than project updates.
3279  Alternate cryptocurrencies / Altcoin Discussion / Re: Tokens/coins with insanely high inflation will not be not profitable ever on: September 17, 2022, 03:40:45 AM
...So why the hell do they keep coming back on the markets?...

Maybe cause they don't know as you do, most usually get blinded by high apy/apr(s). If price is $1, they will think, with such apy I'll get this much amount by this much time and I'll be set. I know cause I have been there.

And then you are mere bag holder, at $0.00001 price.

3280  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Governance on: September 16, 2022, 02:53:50 AM
You raise the right points, as there is saying, there is nothing perfect in the world. You mostly have to choose between lesser of evil between the two. For eth however, I like to favor the PoS as it could have significant environmental impact and community appears to mature enough to make right decisions.
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