This all depends on your threat model. Are your back up locations more likely to be compromised by a thief, or more likely to be damaged by fire, flooding, natural disaster, etc? Do you simply need to write your seed phrase on two different pieces of paper and hide one in your house and one with a family member whom you trust completely? Or do you need to use multi-sig so that a thief finding one share gets nothing, or two (or more) of your friends/family members would need to collude to steal your coins?
This reminds me of Vitalik Buterin. I saw his interview recently in which he mentioned that he has split up his keys and given to family members in another country. He had to call up his family members and get the pair of words and attach the pair of words he had to access his funds. What do you think about this way of storing and accessing funds ? |
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~snip~
I bought some FUN token while it was at 123 satoshi and I sold them while it was around 64 satoshi (can't remember the selling price properly). FUN token price dropped more now. So, I would face more loss if I hadn't sold my coin few weeks ago. FUN token don't have utility usage and popularity like bitcoin. In the long term FUN/BTC pair may not do well. That's why I don't prefer to buy this token with BTC pair. That means you had a loss of almost 50% in BTC pair. Talking about utility, the only case I would buy FUN tokens would be to get the premium services of freebitco.in The number of Wheel of Spins are good for the amount of FUN tokens. Other than this I don't think there's a good use case for FUN tokens to be bought. |
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We all know that off-line casinos tend to take very good care of their most valued clients, that is, those who spend large sums and are more or less loyal to an specific place. Freebies, guest experience managers at their service and any other amusement they fancy. On-line is much more difficult in that sense and sometimes I also wonder what can be done for a more personalised experience on these.
It may not be possible to reach the same level as the physical casinos, but what would you like to have on these that would make you feel better treated?
Obviously those people cant get the same VIP experience as it was physical in nature but online casinos have their own VIP experience in the form of premium memberships. The premium members get their own benefits and rewards which the normal users don't get. At the same time the premium members also have to pay their fees to get those premium services. So yeah, online casinos do have their own VIP experience. |
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~snip~ I really can't afford 500k fun tokens, that is just way way out of my league, its 0.27 bitcoins right now for example. However if you are rich enough, let's say you have 100+ bitcoins or so, then doing this is a no-brainer, like who would not do this? Why would you not do this? Its literally FREE MONEY as it gets, it is incredible. ~
It was always 25%. Anyway if you buy 500k Fun tokens then it will give you 1.02% extra interest annually. Normally it is 4.08%. But there is a disadvantages of buying FUN token through bitcoin, FUN token price hasn't increased like BTC. At first each fun token value was above 100 sats at freebitco. But currently it's around 55 sats. If anyone bought FUN token at early stage and still holding it, then he/she lost significant amount for FUN/BTC pair drop. In that case it's not free, you are risking your btc to increase your interest rate. There's always that risk. This risk is not just with FUN tokens but with any altcoin anyone buys. Over a period if the price of altcoin drops in BTC pair then he would probably lose a significant portion of his gains. I remember seeing FUN token at 120 Sats and I was gonna buy some but I couldn't since I didn't have enough money at that time. Now the price has dropped significantly and there's a good opportunity to buy at such price. |
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Memorizing the seed phrase is the one of the worst possible ways to back it up. The context here is not about backing up the seed by memorizing it, instead, it is backing up through some preferred way as well as memorizing the seed. There's nothing wrong if you can memorize the seed and have it securely backed up as well. I know we might lose memory and forget the seed and in that case we can just use the backup. Just write it down on paper like you are supposed to.
It's still not secure enough. You might lose the paper in some way or get it torn. There's no proven way which can guarantee to store the seeds securely. We just have to back up the seeds with the least risk. |
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Hi this is a random question but is it possible for my seed phrase on hardware wallet to be compromised by an app using my iPhone microphone ? I was singing my seed phrase to memorize it and realized my phone was right next to me. I’m also kinda high and paranoid? I see lots of posts about ppl taking photos of their phrases and losing their coins so I didn’t know if saying my phrase out loud was a bad idea.
If Siri can keep listening to commands on your iphone why not the other apps. If you have such an app which uses your microphone then the chances of someone listening to it on the other hand is quite possible. Although unlikely as mk4 said it is still possible. But you need not worry about it much since such a scenario is highly unlikely and yeah saying out your phrase loud is definitely a bad idea for someone if not the iphone might be listening to you and you won't even know. Changing the seeds would be a good thing to start with. Memorizing the seed might be good but not having backup of the seeds is definitely wrong. You should always have multiple backups of your seeds and store it in a password protected file or encrypt it as suited. Also, taking photos is not my kinda thing since I am paranoid as well. The first thing which gets leaked from our devices are photos. So I wouldn't risk my seeds in it. |
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What's the use of such value if it has to come from one single person and not because of the product's actual worth?
The price would only increase because there's an influence over it and it would probably decrease if the influence is gone.
If the price increases because people realize that it is worth it then the chances of decreasing in price becomes very low.
That's what happened with Elon Musk. I am happy that we faced the current decline because now we know the actual price of bitcoin.
Elon Musk played a dirty game with Bitcoin. I look at the idea that people know the true value of bitcoin that day, and not just a pump. Although Bitcoin is consolidating itself by being accepted into large companies, sometimes having a star next to Bitcoin forces people to use it! Isn't that so? Yes that is true and that is exactly what we don't want. We don't want people to invest in it just because some influencial person is using it. Because that would make people to buy/sell it whenever that person says them to. Instead we would want the audience to use bitcoin for their own purpose and buy/sell based on their own research and judgement. That way bitcoin will become truly distributed. |
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That was a pretty short hype, but you can state that the NFT hype is over. This can be measured most clearly by the prices for NFT projects and NFT tokens. If you take Chilliz, for example, the price has collapsed by 75% from the high. In comparison, Bitcoin is currently valued around 45% lower from its high.
NFT hype is over, what do you think will be the next hype to prepare for?
I think NFT has more than just artistict designs to be sold at extraordinary prices. NFT has a value but the are is still unexplored. Art and drawings is just the tip of the iceberg. May be in future we might see how people bring innovative ways to use NFTs. The NFT hype may be settled for now but it's definitely not over yet. I bet PoS project maybe will be the next hype, the last mention from Elon that he need a environmental friendly cryptocurrency coin could be a clue for it.
For my bet, i pick EOS.
If PoS starts the next craze then I would place by bets on Solana. I think it's better than EOS and any other PoS coins out there. But Solana already recovered, if i have money, i wont spend much money on it. I will spare the fund to IRIS, WAN, and EOS. Both are still undervalued and not recovered yet. What exactly do you mean by Solana is already recovered ? If you mean that the price is already high then you can either way for a correction or buy it and start staking to get better returns. Anyway, that's your personal choice. Whatever you put your money in, make sure to do a good research before putting your money in them. |
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What's the use of such value if it has to come from one single person and not because of the product's actual worth ?
The price would only increase because there's an influence over it and it would probably decrease if the influence is gone.
If the price increases because people realize that it is worth it then the chances of decreasing in price becomes very low.
That's what happened with Elon Musk. I am happy that we faced the current decline because now we know the actual price of bitcoin.
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I think the most optimistic outcome for Bitcoin would be to return to its roots, which is to play to the nature of bitcoin as a currency, as the opposite of global fiat currencies, coexisting with global fiat currencies and ready to replace the declining credit of fiat currencies, such as overissued US dollars.
I personally like one factor of bitcoin and that is it's deflationary nature. Since the supply is limited it increases in price almost every year. Holding fiat is like giving away your money to someone else while holding bitcoin gives you the ability to 'own' your money while getting pretty good returns on it. I know the dumps can sometimes be devastating but it cannot be all rainbows and sunshine. I don't worry about my bitcoin's at all since I hold it for long term and price definitely increases in the long run. |
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Keep it simple. When you send bitcoin to someone your bitcoins are basically going out of your wallet.
It doesn't matter if you keep them on an exchange or lend someone. You don't have any control on those coins.
If that platform loses your coins you lose your coins. So lending bitcoins just to earn a little percent on it is a bad idea.
It's different with proof of stake where you can still control your coins indirectly but with lending it's a high risk low return strategy which we should avoid.
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The gambling casinos/websites earn a good amount of profits and hence have to pay more tax
The money received from tax is then again used for the welfare of the country.
But yeah, we can still debate with the fact that many casinos dont pay their taxes and many countries don't use the tax properly for the welfare of the country
The best question is , How much does the taxes helping the economy than the amount losses from the players? That can never be found out because every country has their own rules and regulations and most of the countries have corrupt people everywhere. Corruption can go to any extent which is why it's hard to know how much money is actually flowing into the welfare of the economy. Unless these governments use blockchain system to publicize the taxations there will be no way to know the truth. It is true that this is impossible to measure since there is simply too much information that is completely unknown to us, but at the same time this is not the only way to measure things, do we really want to live in a county that goes out of their way to regulate behavior that in its nature is not criminal? Basically do we want the government to tell us what to do and what not to do in our free time and to allow them to decide in what do we spend our money? And I certainly do not want that. Basically, every human being does not like to be controlled by anyone. Therefore, we often see violations around us, as well as related to gambling. Many people feel uncomfortable if the government interferes too much with activities that are indeed entertainment, such as gambling. But the government needs to make regulations regarding gambling, because gambling has the potential to cause negative things if left free. Because not everyone is able to control their emotions and behavior well when playing gambling, so I admit that there needs to be rules from the government for gambling. As long as these regulations do not interfere with our comfort in gambling, and prevent bad things from happening we should obey the rules applied by the government. What you say is actually correct. Even I am more interested in being independent and free but as you say not everything should be left free and unregulated. Gambling does have negative effects and so does many other things and it is for our best interest that everything is regulated by the governent. But sometimes the governments take control of certain things which is wrong. This is where things tend to get messed up. What is right for one might seem wrong to other and sometimes the government use such opportunities for their own benefits. |
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I really like this sport, besides football, rock climbing is one of the hobbies I do on holidays with my friends, I think rock climbing is a sport that is far from cheating in its competition compared to other sports that really often involved in the form of cheating, just like you, I also searched on several gambling sites but did not find any sites that made this sport a form of online gambling and it seems that rock climbing is not a sport that can be used as a bet because it has few criteria in judgment to determine winner.
I think cheating can happen in any sport and it just requires some tactics and corrupted volunteers for the competition. May be people are less interested in betting for such sports and that's why the gambling sites would not have took the burden to add this sport. But as climbing gets more traction in upcoming years may be the gambling sites would start considering to add the category for betting. |
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Now that's exactly what's happening to me in these days. I am always in a FOMO. I plan my strategy and I wait for my entry point.
But as soon as the price goes a little down after buying I exit the trade. This happened almost 4-5 times now and I have exited the trade sucking up losses.
Yeah I know it's completely my mistake but I am trying to control my fear. I know I will overcome the fear soon and start sticking to my strategies.
Thanks for making this post and motivating traders like me.
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Talking about NFTs I had recently purchases one NFT on the Solana blockchain. The Solarian NFT is the first generative NFT on the Solana blockchain and since I am fond of Solana I thought of purchasing one NFT. The team is doing great and working on the product incrementally. The marketplace for Solarian will be launched soon which might boost it's overall price. If you want to purchase one you can shoot me a PM to know the details and also I will be benefited if you use my referral  |
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After what we have been through I can only say that Musk has made his tweet keeping something in mind.
He definitely has some hidden agenda behind it. May be he is building some kind of green energy source thus creating a demand for it and then later selling it as a solution.
May be he is starting all this green energy debate because he wants to use it for his business.
Only time will tell what his actual plan was but after the recent market manipulation Elon Musk is not a person to be trusted.
But unfortunately there are thousands of fools still listening to him and following him blindly.
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There's no denying it: Bitcoin is the only DECENTRALIZED method of payment in the world. No one controls how it is operated or mined.
Neither mining nor any other council is necessary. A rich person is yet again trying to exert influence over Bitcoin. Bitcoin uses energy and it is not a secret. The choice is yours whether you want to take it or not. It is not Bitcoin that is ruining the world, it is fossil fuel plants, cutting of forests, and millions of factories. Wouldn't it be better if they addressed that?
Why not just use any other Cryptocurrency if they don't like the energy of using Bitcoin? I believe that their biggest concern isn't energy use.
What are your thoughts on the matter?
No true bitcoiner will ever like the idea of the bitcoin mining council. Elon Musk has been making tweets and use his influence to manipulate the market. He is using his influence to create a mining council and disrupt the decentralization of bitcoin and there's nothing we can do about it until the miners self realize this fact. This is one of the disadvantages of an open community. It all depends on the miners now. |
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If you are a bitcoiner, you are your own bank. Nobody has the right to control your money. You should be the one holding it.
Bitcoin solves that and enables you control your own money and be your bank.
So in a way all the bitcoiners are bankers. So they all can speak whatever they think of it. You shouldn't be the one telling us not to speak.
Besides that, making a public post and criticizing them is not a good way to portray your side of the picture.
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I posted regarding this before back in 2018. Many said couldn't be done but i followed the methodology and the picks religiously and here we are. Spreadsheet shows all the picks in the log sheet and the dashboard shows the summary. Settings sheet has details on the money management. https://docs.google.com/spreadsheets/d/15CSvrT3osJos4P-Fni102v5fvZqaqm8Q/edit#gid=644533306 Only obstacle that you will run into is you will make enemies with books and majority of the books will limit your and shut you down. If you cannot get accounts in pinnacle and betcris/bookmaker you wont be able to get far as million. Now that's too good to be true. We can't really say if you are speaking the truth but if you are then you have done a really great job. Although you have posted the spreadsheet and all the specific details and calculations required, it is still difficult to conclude if it's genuine or fake. You must either be really lucky or really wise to create such a strategy. If you have won a million dollars then you can make more millions with that amount again. |
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