what happens if you hold x amount of a stable coin in one of the many lending crypto platforms available (crypto.com, youhodler, nexo, etc)
Stable coins are and that coin fails and goes Kaput? Do you loose it all? or are your assets moved to another token or FIAT?
It depends. As consequences from their inflation schedules, their values can fall to lower than $1 for 1 stablecoin (1 USDT, ie.) or to zero. Initial stable coin can be swapped to another stable coin or another token, if the company want and still be enable to do so (without lawsuit or prison charge from governments). Whatever the scenario is, any of which will be terrible. |
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I've created a bech32 segwit paper wallet using this generator: https://segwitaddress.org/ . Everything was done in a new computer, with a live Ubuntu OS installed on a USB stick, and no internet access of any kind. I got a private key instead of a seed. Another wallet that gives you Bech32 address is Electrum: https://electrum.org/#download and verify it.
The purpose when you want to claim forked coins is to get extra money from your initial bitcoin amount. So please - Protect your bitcoin amount first. Don't lose it when you use its private key to claim forked coins!
- Move your initial bitcoin amount to a new address in a new bitcoin wallet. It is a way to protect it
- Wait for confirmation(s) for that transaction. If you are more careful, wait for 3 confirmations at least
And follows the guide LoyceV's Bitcoin Fork claiming guide (and service) |
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I've worked with @wwzsocki in 3 projects as a translator for Vietnamese language and I can confirm that he is a professional service provider. Few notes - Pace of work: Very quick. You can trust him with the pace of work, your orders will be done quickly by him or his partners.
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- Payments: As the leader of this service, he sends payments quickly after works are done. If you are good translators and hesitate to cooperate with him, please don't. He is trusted
It is a great service for your projects if you need to find best translators in multiple languages, exclusively as follows: - Africans
- Arabic
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- Portuguese
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- Many more
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Thanks guys. It was the lack of gas in my wallet. That was a nightmare of an experience, because I was rushing to get rid of my Polymath before it tanks. I suppose it could moon, but yeah. I calmed the fuck down and was able to think more clearly. I assumed the gas was taken out of the wallet when I send it automatically like how it happens with Bitcoin. Learned something new today and happily got my money.
Happy to hear so. You should set appropriate Gas price but the Gas Limit need to be high when you join Swap. Smart contracts for Swap usually require high Gas Limit. Not all Gas Limit you set up will be used so you won't lose more than what will be paid if you set a high Gas Limit. If you set it up too low, your transaction might be failed. |
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I am using Metamask.
I am guessing your problem for failed transaction is from your low Gas limit. |
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If each of these tens of billions of wallets creates billions of addresses, is there a possibility, however remote it may be, that a certain wallet is generating exactly the same address being generated by another totally independent wallet?
It is impossible with current computation power of this generation of computers. It is the reason for the advice that you should check your very first and last and a few middle characters of bitcoin addresses when you need to make deposits or withdrawals. It is for lazy people but I always check all characters in my bitcoin address. It won't save me much significant time when I skip a few characters for checking. The screenshot is for Vanity address but I think it is good to give you an example Source: https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch04.asciidoc |
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Offline means turn off your Intenet connection or use an air-gapped device to create your wallet and addresses. After you finish it & already have back up and test the validity of backup files, totally delete them on your computer if you will use that device online again.
This is not enough to create an airgapped wallet. Whenever you delete something from your hard drive, all your operating system does is assign those memory regions as free to be written over by new data. The data stored is not actually erased until some new data is written over it. If no new data is written, then the old data can be recovered. This is the basis for how file "undeleters" or recovery software works. If you go offline, create a wallet on your normal OS, delete the wallet, and then go back online, your private keys are very much still on your hard drive and could be accessed by malware. This is why people use permanently airgapped devices instead, which will never go online again. If you can't use a permanently airgapped device, then you should create your wallet using a live OS which does not write any data to your hard drive (even better, disconnect your hard drive entirely while doing this). Thank you for the explanation. This step is only to help people who can not have a separate device for their wallets AND not all people care to use Tail OS. At least, it plays as preventive barrier (somewhat) for bad hackers to steal your bitcoin. It is an alternative and of course is not the best method. The same goes as many people don't care to verify a wallet software before using it. |
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The data shows how important for a trader to stay longer. In short, preserving capital will result of staying on the run longer.
Here’s Why 99% of People Fail to Replicate Warren Buffett’s Strategy When Investing. They fail with their strategies and don't have clear intention on what they're doing and will do. Flips between investment and tradings as they want to get rich very quickly. One day, Jeff Bezos, the founder of Amazon, asked Warren Buffett in person about this point:
“Warren, your investment thesis is so simple, and yet so brilliant. Why doesn’t everyone just copy you?”
The question asked by Jeff Bezos is the question everyone is asking. So the answer is important to many people.
Warren Buffett simply replied:
“Because nobody wants to get rich slow”.
The chart is extremely true, that's why some successful traders keep saying how important risk management is and preserving the capital.
The game is likely how you will survive in the long term.
In crypto market, you can get rich quickly, double, tripple, x10, x20 but you will face with quick losses as well. Everyone who enjoyed the bull market in 2017 and early 2018 and witnessed the bear market from 2018 to very late of 2019 do know how it goes. A trader will not have a happy ending if don't know how to protect capital. How? - Exit positions with a draw or even minor losses
- Split these parts for initial capital and temporary earned profits. The second part can be used with more risky taste but the first part should be kept as much safely as possible.
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Congratulations to bitcoin holders and I am sorry for people who lost their bitcoin because of carelessness (except death calls or accidents). For people who don't know where to find details if they are curious about this, here they go: |
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Does the wallet software interact with the blockchain to create an address?
NO. If you need to connect your wallet to a blockchain to create your addresses, what is sort of privacy and security you will have? A good wallet is a wallet that can be used offline and with air-gapped machines.Airgapped wallets or offline wallets or cold wallets are the best because the private key is generated not online but offline. But online wallets also neither have to connect to blockchain before generating private key or addresses, all wallets, be it online or offline have algorithm intrinsically embedded in them to be able to generate private keys and addresses, nothing like blockchain needed regardless of any wallet. You misunderstood it. I meant about the method you use to create your bitcoin wallet from a wallet software. It can be an application that you need to install on your computer or a browser extention. Online or offline is the condition when you create your wallet and it is important. Connecting your computer to the Internet means you allow your device potential exposures to threats that can steal your bitcoin. Offline means turn off your Intenet connection or use an air-gapped device to create your wallet and addresses. After you finish it & already have back up and test the validity of backup files, totally delete them on your computer if you will use that device online again. |
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In my opinion, it is better (if not always) begin and stick with reading. Reading books (even with ebooks) can help you more easily to bookmark important points for your need. You can search and re-read them later. This can not be done with videos that have their own advantages with some visual guides and steps if you need something to follow. Especially, if you fail with few attempts after reading and apply guides from books. |
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First and only wallet so I'm not sure how the trading fees compare to other wallets for swapping coins.
If your plan is to swap coins from one to another in order to save fees (transactions, withdrawals), you are in the incorrect direction. Swapping always have bigger charges on you. - It is true for swapping in wallets (as in Myetherwallet)
- It is also correct for swapping on exchanges (Binance or Peer-to-peer martketplaces)
Another problem after the swap is, if you are planning to move your coins, tokens on the same chains. Examples: - Swap from one ERC-20 token to another ERC-20 token, or from a ERC-20 token to ETH, you will be charge fees in ETH for your ERC-20 transactions.
- Swap from BTC to USDT on OMNI layer and vice versa. You will get expensive transaction fee on bitcoin network in bad days.
You will get double expensive loss: one for a swap, and another one for transaction. The best way to save transaction fees with a same coin is try to choose the chain which gives you cheapest transaction fees: as switch from ERC-20 to TRC-20 or BEP20 or BSC (Binance Smart Chain). Forget about swap if you want to save fees! |
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Grabbing popcorn as this is going to be interesting, there is already no gear on the market so those miners (who make insane profits right now) will try to relocate as fast as they can. Interesting, since the hashrate is almost flat and they are forced to move out of in less than one month we will finally get some clues on exactly how much gear was in that region, especially since one of Bitmain's farms was there near Ordos. Wind or fossing fuels are not sort of power to use for bitcoin mining farms in my opinion.
Coal energy is the cheapest energy you can get constantly (not alternating seasons) in China, that's why they have built those farms there is a region full of coal and coal powerplants, you can see that every drop is immediately followed by a spike as the equipment is relocated, without coal there would be no blue lines for the whole year. I don't dig for details on the locations of big mining farms and their power resources (coal, fossil fuels, hydro, etc.) but your theory can be right as the chart shows difficulty adjustment probably has a seasonal pattern (probably by floods, winter, etc.) like a sinusoidal pattern with ups and peaks in middle of years whilst bottoms at the end and begin of years. Hydro power is the second biggest energy sources in China. [2] but in [3], it is the third biggest source, after coal and natural gas. I guess in the [2], both coal and natural gas are considered as Thermal category. Sources: |
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The biggest reason is cheap electricity. Hydroelectric power, wind farms, and energy produced from burning coal. The electricity produced by these facilities is more than the supply demands. A lot of it would have been wasted if the produced energy wasn’t directed towards mining bitcoin.
Wind or fossing fuels are not sort of power to use for bitcoin mining farms in my opinion. The hydro power is used for farms and it is affected by seasons. There is a theory that mining farms are mostly built in areas with available hydro power facilities and can provide cheap electricity costs. As seasonal effects, hydro power facilities can be shutdown or minimize activities in serious winter seasons. The difficulty adjustments on bitcoin network often are corrected most seriously in December or January of each year. Notes: - The chart is taken from The history of Bitcoin difficulty adjustment (in percent)
- The spike with value at 300% is replaced to 16.42% (by my mistake as it should be replace to ~ 93%) to make the chart more readable for eyes. To get the original chart, please take it at OP of that thread.
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Bitcoin and crypto markets are the most energy-consumed one as it operates 24/7, without a second of break. It is different than stock market in each nation. The more time you see the chart, the more time you read news from any source, and the more time you spend with groups (trading, signals, discussion), the higher probability for wrong decisions you will make.
I understand what you mean, but I don't necessarily agree. Second guessing your decisions isn't necessarily a bad thing. IMO, having more information can help you make better decisions. This does mean you should never take anything at face value though; you'll need to identify which pieces of information are actually worth taking into consideration. It may even be worth reading some negative press just to help you see things from a different perspective, since most crypto groups are overwhelmingly biased towards one side. I understood your implication. News can be real or fake and crypto market is manipulated through news. I don't say that read news is bad but good or bad it depends on how a person read it and what (s)he interpret from the news. Verify validity of news based on data you can have with the bitcoin's public ledger and some blockchain analyses. If after a verification, you conclude that news you read before is a fake one and fits with the point for something big on the price chart should happen. You can draw a conclusion and make decisions for coming days. News are not the reasons of price rise or fall, the things behind the news are. News are tools to satisfy curiosity and give people the answer they try to look for. Newbies should not read too much news and being overwhelmed by news. |
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OP lost password and did not back up so the bruteforce is a way to go with. Brute-force process will be easier if OP can remember some characters for that password. If the password is very long and OP don't remember any character, brute-force might take too much time. I am curious as to how did you forget your blockchain password with that much amount of bitcoin in it, I want to know the story behind it because this could be a story that will help other newbies in what shouldn't be done to lose their password.
Such story mostly comes from old wallets when bitcoin was cheaper than now. A long time you don't log in one wallet, the bigger probability that you will forget its password. If you log in it every day or once in a few weeks, you might still remember the password. https://www.youtube.com/watch?v=rMtW8vIHHekOP, do you have access to your email that was used to register your blockchain.info ~ blockchain.com (now) account? |
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Please check and update the page to buy / sell crypto, especially for Dogecoin. The Dogecoin has not yet been added to the list of available cryptocurrency, both in Vietnamese and in English versions. I guess the team forgot to add a row for Dogecoin.  Check the images at the bottom right (at the column for Learn / Tìm hiểu) About the BTM, the official page has this information. It implies BTM can be used to sell Bitcoin or altcoins. - Have the team integrated Dogecoin for BTM or planned to do this in the future?
- I am thinking this sentence should be revised to Buy or Sell, not only Sell.
Sell Bitcoin or altcoin (Start the process online & pick up cash without waiting)
Source: https://btm.bitcoinvn.io/I think it is integrated on BTMs after I checked farther. |
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Can I get an explanation of how addresses and keys are generated?
Private key - Public Key - Address: All two steps are irreversible. Does the wallet software interact with the blockchain to create an address?
NO. If you need to connect your wallet to a blockchain to create your addresses, what is sort of privacy and security you will have? A good wallet is a wallet that can be used offline and with air-gapped machines. Is the balance of an address held forever since it can be referenced in the blockchain record?
A blockchain is a public ledger. All transactions are recorded and shown publicly. Everyone who has internet connection and is not restricted (by governments) to use Bitcoin explorers can check it. Balance, in its meaning, is a temporary value that can be changed with deposits or send outs. It is not a static balance and can not be held forever on the blockchain record. Of course, except cases like death accidents, lost of private keys, or intentionally untouch your bitcoin for years or forever. If I were to create a new address how would that affect my Bitcoin if I lost my original address?
No, you won't lose it if you back up private key for that address previously. Would a Bitcoin address always produce the same private key?
No. A private key produces a bitcoin address. |
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Bitcoin prices continue to change 24 hours for 7 weeks.
You like to make profits it is not necessary to look at the bitcoin price all the time, when you wake up, morning, afternoon, in the shower.
Bitcoin and crypto markets are the most energy-consumed one as it operates 24/7, without a second of break. It is different than stock market in each nation. The more time you see the chart, the more time you read news from any source, and the more time you spend with groups (trading, signals, discussion), the higher probability for wrong decisions you will make. Your mind will be affected by the others and you will no longer believe in your initial thoughts and give up your original plans. You need to stop. Good profit does not happen overnight.
Stop tracking prices take a break for several days, and you will find some good profits.
Sure it is a thing to do. Furthermore, leave unnecessary crypto groups (Telegram, Facebook, etc.) to keep your thoughts as most unbiased as possible. I left all groups since 2018.  |
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