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4541  Bitcoin / Bitcoin Discussion / Re: Recent events should make everyone withdraw all their coins to their own wallets on: February 26, 2022, 11:56:40 AM
Then comes the Canadian truckers.
~snip~
Then comes the Russian invasion.

Binance freezing the funds of Nigerian customers may also worth mentioning.

You left out the point of "So long as you know what you are doing and practice good security"

While you are completely right, I feel that properly securing the wallet (and usage) is another topic. A very important one, still, a different topic.
4542  Other / Beginners & Help / Re: Linux Vs windows OS security on: February 26, 2022, 11:14:43 AM
Linux OS is not for everybody, if you want to be a Linux user then you should be a smart fellow, I find Linux OS a very frustrating thing to use compare to windows OS, scammers find windows OS more easier to target because it has more users than Linux and it's also closed source.

I think that your information is greatly outdated. Nowadays one can use a Linux Mint, for example, getting the look and feel pretty close to what's on Windows.

I read online that Linux OS is much more secured than windows OS so how about running a crypto wallet on Linux OS instead? Anyone running wallet on Linux OS on here? .

I won't answer to the direct question, but I'll tell something else: no matter how safe an OS is, if you are not used with it you have good chance to make bigger mistakes than on an OS you're used with. So if you are doing great on Windows, my advises are:
* stay on Windows for now (I really hope - for your security - that you have a proper key for it or no key at all and you didn't install a crack for it)
* if you have the time and patience, start taking a look how this and that Linux works for you
* get a hardware wallet (but never forget to pay attention on what software wallet you install and to pay attention against clipboard malware too)
* don't click onto any and every page, link, ad, image, e-mail and so on; don't install everything from any source; don't install cracks
4543  Bitcoin / Bitcoin Discussion / Re: Using BTC vs. Using Credit / Debit cards and purchase tracking and privacy. on: February 26, 2022, 10:45:23 AM
Those rewards are not free money. They are paid by the merchants who must then increase the prices that you pay.
It's not the merchants that gives the reward. It is the CC issuer. Every time you make a POS transaction the merchant has to pay a small fee. They share the fee with you.

There are many cases the CC issuer and the merchant strike a deal to give you those rewards.
There are many cases the CC issuer has CC branded under the merchant's name - again, part of a deal that should end up with some benefits for you if you use that CC, compared to the rest of the buyers.
4544  Other / Beginners & Help / Re: How can I get over clip board malware attack? on: February 26, 2022, 10:42:37 AM
I suggest you use a hardware wallet. I even have a habit of always double-checking the address on the hardware wallet when sending coins.

While hardware wallet is not a bad advice, one has to carefully double check the addresses whether he's using it or not.
What I also mean is that HW may give a false sense of security, while it doesn't actually help (directly) against clipboard malware.
4545  Economy / Services / Re: LoyceV's Avatar for Rent [first 🦊🦊2 YEARS🦊🦊 (153 weeks) rented out] on: February 26, 2022, 10:35:58 AM
My head hurts like hell, and I seem to turn my bed into a swimming pool, but I can still breath so that's good.

Woah  Sad
Get well soon, man. Beat that little bugger!
4546  Other / Beginners & Help / Re: Basically do something to improve this forum on: February 25, 2022, 02:46:06 PM
So what to do to improve this forum.

* Read a lot. (One possible starting point could be this.)
* Don't spam. Don't plagiarize. Actually obey the rules.
* Be helpful.


...Did I miss anything?
4547  Other / Beginners & Help / Re: How can I get over clip board malware attack? on: February 25, 2022, 02:39:19 PM
Some of the articles I read

You seem to have missed the spot-on resource for this: How to lose your Bitcoins with CTRL-C CTRL-V
All in all, as usual, the best protection is you: check thoroughly if the copied address and the pasted address are indeed identical. As simple as that.
4548  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2022, 11:33:47 AM
Whenever you see this insignia/logo from mainstream media coverage

Wasn't the propaganda belonging to P&S? Why at WO?!
4549  Bitcoin / Hardware wallets / Re: Problem setting up Ledger to connect through Bitcoin Core on: February 25, 2022, 10:38:01 AM
Anyone else experienced this problem?

I've tried very shortly some months ago use my Ledger with Bitcoin Core. I pretty quick gave up and instead I've installed locally an Electrum server (well, also a block explorer, but that may not be important here) and since then I use Electrum connecting to my local Electrum server connecting to my local Bitcoin Core. And it's a setup just fine for my Ledger.

In case it interests you, here's what I've done (under Windows + WSL). If you have a Linux it should be even easier.
4550  Bitcoin / Bitcoin Discussion / Re: Ukraine - Russia war crisis. Will Bitcoin be legalized soon? on: February 25, 2022, 10:22:39 AM
With Bitcoin, they can avoid traditional sanctions against them. To do this, will they legalize Bitcoin in Russia soon?

I would not hold my breath for this.

Russia's traditional customers - Germany and Italy - have blocked the decision of getting Russia out of SWIFT. So they'll keep pumping fiat there in exchange for gas.
Russia's new laws may be on halt for now while the focus is on the war.

So again, I would not be so sure this will happen too soon. And really, I'm not sure I am looking for Bitcoin get the blessing of the terrorist of the year.
4551  Economy / Economics / Re: Why Coinbase Admitted Apple Calls The Shots on: February 25, 2022, 09:59:13 AM
No matter it's Apple Store, Google Play or Microsoft Store. They do check the applications - some more often than the others, as we know - and if they find anything they don't like in that application, they take it down.
It's the same as in any moderation: some rules are 100% clear, some others may be somewhat fuzzy. The company I've been working at some years ago had an application removed from Apple store and it took quite some time (after removing the culprit feature) until it was re-accepted.
I guess that Coinbase will be super careful to avoid any virtual issues, since most probably each day of not being on Apple store would cost them big bucks.

Of course, most users are not aware of this and of course, it's also easier to blame others for this and that Wink
I also think that bitcoin users and especially the Americans do overrate Coinbase.


PS: "Cryptocurrency has relied on points of centralization since the days of Mt. Gox." <-- you don't see anything wrong with this statement?! (I do.)
4552  Bitcoin / Hardware wallets / Re: How safe is hardware wallet for real on: February 25, 2022, 09:43:22 AM
Hello everyone I want to know what we considered hardware wallet as the safest option to keep your crypto safer because to use hardware wallet you need to insert them to a computer and connect to the internet, secondly you need to write down your backup file somewhere...

Hardware wallets are imho not perfect, however the best combination between safety and convenience.
I have a Ledger Nano S and I will compare to that, but there are nowadays better/safer hardware wallets too.

1. In order to have your hardware work properly it may need flashed to newest version, it needs the correct applications installed for the coins you want it to support. At least in theory, malicious actors can impersonate the official application (ledger live in my case) and make you install parts that won't work as you'd expect, making you lose money. Nowadays there's safety checksum available, although I find it incorrect/incomplete measure.

2. In order to actually make and sign transaction you need a companion software wallet (in my case that's Electrum). If you get the wrong software (a malicious copy) you may be tricked (at least in theory, maybe together with you not checking everything properly) into sending your coins to unwanted address (hacker's).

3. Hardware wallets were sometimes sent out tampered, or initialized with others' seed. That's again a possibly big problem, especially for inexperienced user.

4. If other actors can get your hardware wallet into their hand, it doesn't matter you have complicated PIN, it can be hacked into.

5. Users may recover their hot wallet seed into the HW thinking that they're safe.

6. Users may save their backup seed online and no matter they did all the rest correct, one can still steal their money.

7. Users may be careless about their backup seed and the HW can malfunction.

8. [later edit] I forgot to add clipboard malware. But it was already said previously. If one has the computer infected with a clipboard malware (that will change the address you think you're sending money to) and doesn't verify thoroughly the address on HW whether it's the intended one, he will get his money stolen.

So there are plenty of point of failure, but I still recommend hardware wallets because the chances for these bad things happen are fairly low if the user pays a bit of attention. And again, there may exist safer HWs too than mine.
However, I also think that no matter what, life changing amounts should stay completely offline (paper wallet or cold storage), because offline is the safest.

But if one knows a bit more about computers and not afraid to check and install a Live Linux onto an USB stick and boot from there now and then making sure that booting always happens offline, and also that one doesn't care about the small inconvenience of rebooting, and that one can follow the tutorial for installing a companion watch only wallet (maybe to the phone), and that one can look out how to use all that system correctly, then cold storage is a much safer option imho, simply because the user has full control over all the steps.
4553  Economy / Economics / Re: Gold is the new gold... or the old gold... or both on: February 25, 2022, 08:40:17 AM
It is with sadness that I see how bitcoin has dropped (nothing new really) in sync with the global markets around 11% last week while the old gold, AKA simply "gold" has made a rush to 6.5% in the last month. Needless to say that this is related to the war in Ukraine and the prospects of instability, not that it was unexpected, tend to draw people towards gold.

My take is that both markets have their whales and manipulators.
When the war has started gold was rising like crazy because old big wealthy entities tend to still use gold as reserve asset. On the same time Bitcoin and stocks were plunging.
After Biden's announcement, suddenly, both have reversed. Bitcoin is like the war didn't start, gold is even lower, hence those believing in gold did a bad business by buying/FOMO-ing when the war started.

As usual, there's no really good and bad, there's diversification and calm decisions vs FOMO/rushing everything.
I hope that OP didn't buy gold  Grin

I wonder if bitcoin can still be considered a reserve of value when is following and correlating this much with stocks markets.

Bitcoin was never a good reserve of value for short term. Even Saylor wrote it: investing into Bitcoin is for at least 4 years. Then you can take a look whether it's a store of value or good investment. For now it is.
4554  Economy / Gambling discussion / Re: F1 Formula Sports Racing - Sportsbet.io promotions & discussion thread on: February 24, 2022, 01:42:11 PM
Seb was the first mover in relation with the new war:

Vettel will boycott Russian GP: “It’s wrong to race in that country”

Sebastian Vettel has challenged Formula 1 bosses not to go ahead with this year’s Russian Grand Prix, saying he will not take part in the race following the country’s invasion of Ukraine.

For myself, my own opinion is I should not go, I will not go. I think it’s wrong to race in that country. I’m sorry for the innocent people that are losing their lives, getting killed for stupid reasons. A very, very strange and mad leadership.

Some of the other drivers were asked too, but they didn't really point out a clear stance of their own.
4555  Bitcoin / Bitcoin Discussion / Re: Using BTC vs. Using Credit / Debit cards and purchase tracking and privacy. on: February 24, 2022, 01:09:16 PM
Side note, but worth mentioning. Big cities for the most part are actually better for facial recognition privacy then smaller more rural areas.

Yes and no. If you live in a big city you'll probably either buy online, either go to supermarket, where's not that crowded. And China has shown that face recognition AI doesn't get scared off by big crowds.
The crowd may hide your face 10 times, or 100 times, but one day it simply won't.

Big cities might have more cameras and more people keeping track of them but there is so much information overload that it's actually easier to not be seen.

VERY small out of the way places are even easier. Since there are so few people it's easier to keep track of who is where doing what.

I completely get your point, just my point was out of town, i.e. off-grid. They may know where you are in general, but won't be able to track your life details.
And excepting the owner of one grocery store, the rest of the world won't know what you are buying.
4556  Economy / Economics / Re: Russia - Ukraine | War imminent? on: February 24, 2022, 11:08:27 AM
But what resources and goods other countries have, that Russia dont have or feel the need?

Well, take a quick look: https://tradingeconomics.com/russia/imports
From machinery, equipment, trucks and cars to clothing, medicines, raw materials (metals) and food.

The only thing is that they can probably still import most of those from China...

From school program, I remember that Russian territory has all the resources from periodic table.

I can't tell, the periodic table seems to have widened since I've been learning about it.
Rare metals - do Russia has those? Lithium for batteries - do they have those? I see that even ferous metals are imported big.

They have resources to produce everything. If we start to dream about alternative future, then Russia can isolate themselves from other world and survive or live for a very long period.

They don't have the factories nor the technology to produce absolutely everything they need. And even if they build that up, it may end up worse quality (or look) then the western similar products and also much more expensive.

P.S. I meant that they dont eat cheap gas, but will make it cheap for their people. If no one buys, they will be forced to sell it for a low price for themselves.

It's not feasible. The population's consumption cannot match all they can sell abroad for the industries. They would have to build factories producing stuff off that gas. The fact that they didn't do that in the past many years, it means that it's probably not a good business for them.
Probably it will be more feasible to reduce the production and sell as expensive as they can.
4557  Bitcoin / Bitcoin Discussion / Re: Lightning Labs (LND) associated with WEF? on: February 24, 2022, 10:55:27 AM
look deeper and you will find alot of ethereum devs got involved with the BIS m-bridge/CBDC of many countries too.

Developers are not necessarily enthusiasts or people/companies with strong beliefs. Some of those devs may be just people with skills working for money.
Just saying that's (too) easy to jump to conclusions or throw stones...
4558  Economy / Economics / Re: Russia - Ukraine | War imminent? on: February 24, 2022, 10:42:54 AM
About the gas - does Europe has an alternative source? If I am right, then main gas providers in the world are US, Russia and Qatar. Are there other gas connections for Europe except Russian?

Without Russian gas, Europe will be hit by another crisis. And without export and gas surplus, Russian people will simply get a cheaper gas for themselves, or be in more winning situation.

They claim they have some reserves and also alternative sources - LNG from US, new deals with Qatar (I don't know how it'll be transported), and I also have this rather complicated map: https://mondediplo.com/maps/gas-pipelines
Some European countries do produce gas too.

But is that enough? I also don't think so, hence my point about the future strange politics on the energy side.

What I don't agree with is that if gas from Russia is no longer accepted, then the Russians would win. Win what? Will they be eating that cheaper gas? Clearly no. So I don't think so.
4559  Economy / Economics / Re: Russia - Ukraine | War imminent? on: February 24, 2022, 10:02:29 AM
Well there are news that Russia might circumvent US and West sanctions by going to bitcoin.

Most big international companies won't accept Bitcoin for their goods.
The financial institutions who have lent money to Russia may not accept Bitcoin.
All this should make the Ruble fall greatly, hence each and every Russian will suffer.
Russia still needs money and goods from international markets and that money will become expensive.

What I don't know is whether Europe will still buy Russian resources (especially gas), especially at the current prices, or will afford to hit Russia where it hurts them the most, especially as European industries also won't be happy without the Russian gas.

The politics will be strange on the energy side, and I guess that this is also what Putin is counting on.
I fear that the European green deal was the best help/ammo Putin has gotten for this war...
4560  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2022, 09:41:56 AM
My comment on the situation: fuck Putin!  Angry

There was the saying "buy when there's blood in the streets". Well.. sadly... there we go....  Angry
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