There is no problem with this device, which is not actually a hardware wallet but an encrypted flash drive, but the problem is that the person in question was not able to save his password properly, which is very strange for someone who calls himself a programmer. If you lose the backup for any hardware wallet and enter the wrong PIN x times, the device will reset to factory defaults. The problem is not in the devices but in the people who use them.


The article claims that there is a person who says he can do it in 6 months with a 10% commission, but I do not know if the owner accepted the proposal - I did not find the news that he managed to get his BTC back.

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If you have not deleted something irrevocably, there is always hope that you will find it. I was convinced that I had lost several hundred altcoins I had collected by solving a captcha (Nano), but then I found a seed that was stored on an old USB stick - the value at the time was a few thousand $.

Probably because they managed to get a very large number of users for all the time when they did not have a mandatory KYC, and although some data say that the number of users is declining, habits (good or bad) are difficult to change. In addition, one average user who knows how to send fiat from their bank to crypto exchange and buy a BTC is certainly not familiar with what LN is and how to use it.

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Maybe I'm wrong, but I got the impression that the Electrum LN is not very user-friendly, and I remember that the Phoenix wallet is perhaps the best for beginners in this regard.

If you want a mobile wallet, you have to create it somehow, and this is not a problem if we are aware that such a wallet is extremely vulnerable and should not be used to store any major values. Given how the average user treats the security of their computer, smartphones are even lower on that list of priorities, and this should always be kept in mind.

HWs that can be connected to smartphones (wireless or via cable) is one of the choices as we can further protect ourselves while on the go and we need a crypto wallet. Of course, the question will always be whether it is smart, but with the fact that we can have two independent HWs, we can have multiple protected accounts on the same device in case a physical attack occurs or we lose the wallet.

It would be illogical for governments not to think about such things, it is in their interest to try to collect as many taxes as possible, but even more to control the flow of money. All this, of course, in order to prevent money laundering, terrorist financing, and various crimes, but in many countries also due to anonymous donations to various anti-government organizations that fight against bribery, corruption, and nepotism.

Given that most crypto transactions have their source in centralized crypto exchanges where clients have already made KYC, it is not difficult to come up with data that would create some kind of common database. After all, most countries in the world exchange data on the bank accounts of their citizens, and it was difficult for any ordinary person to hide anything from the authorities.

So I don't see a problem with a government going in that direction, and anyone who buys and sells crypto legally pays taxes anyway - but the question is how well the government will protect that data, because it would be very inconvenient for someone to hack it and make it public.

From day one, I thought it was important to keep all private keys or wallet.dat files, even if I stopped using them at some point. I didn't do it because I thought someone would send me something by accident, but because I considered it my personal property. I use one of these addresses even today after 7 years and let’s say it has sentimental value for me.

Some others would certainly like to have thought similarly, because there are a lot of them who have lost their private keys and everything that those keys controlled.

It's an old story that has been mentioned many times on the forum, so although GA later distanced itself from his statements, it's still amazing that he even concluded that CW is really Satoshi. For some he has lost his credibility since he went to the hornet's nest, for others it happened in 2016 - for me personally he became completely irrelevant in the whole Bitcoin story - and it will never be clear to me why Satoshi ever let him work with him at all.

Here I am referring primarily to GA’s personality in the sense that he was too curious about who Satoshi was, as well as that he criticized him in the sense that he made too many decisions on his own. After all, it doesn't surprise me that Satoshi decided to leave.

I am not at all surprised by such posts, because in some parts of the world this forum is nothing but a platform for making money. People just hear from someone that they have made some money here, and I can say that I understand their behavior because in some parts of the world people live very hard and try to get out of poverty in all possible ways.

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Some members know, but I'm sure there are a lot of those who don't, so I hope that this thread will be helpful to some. We cannot blame those who do not know, but we can blame those who know and are warned but continue to behave in the same way.

This would only apply to those merchants who receive direct payments in BTC, and we know very well that almost all of them use payment processors that serve as intermediaries, so merchants have no risk because they receive fiat in their bank accounts. Price conversion is already automatic when it comes to online sales, and it makes sense to point out a price in BTC in a physical store only if it is then displayed in digital form and automatically updated.


That is why people do not prefer to be paid in Bitcoin, and those who use such an opportunity do so because of long-term investment and that part of the salary is mostly a small percentage (5-10%).

Some of the answers to your questions exist on another forum, and they are allegedly part of an interview that Martti Malmi gave back in 2015, and some questions also touch on this forum and why he decided not to be active anymore. I will not post a link to that forum because it is part of Roger Ver propaganda - although I am personally surprised that Martti has been active in various places and still avoids this forum.

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Saylor supports Bitcoin, but does it support it in the right way? Bitcoin is conceived as a decentralized digital cryptocurrency - not as a store of value. 100 people who would think like him would have together 10 million Bitcoins in their possession who would sit in cold wallets, which would be good for those who want to profit and forget that Bitcoin exists.

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If he has done something good in the past, then he threw it all in the mud when he supported Faketoshi in his senseless efforts to prove he was Satoshi. For someone who has worked with Satoshi, it’s really weird that he can believe such nonsense. I place him in the same category as Roger Ver, and these are ordinary Judas who never understood the vision Satoshi had.

You don't need to have millions in BTC to understand how transactions work, so although you will understand something much better from practice, theory is very important. As it is never too late to invest in Bitcoin, it is also never too late to learn some basic things.

We often read on the forum how people complain that fees for Bitcoin transactions are too expensive, but this is far from the truth. Of course there are exceptions when someone has a lot of dust transactions and then tries to spend them, which creates a very large transaction in size - which is then expensive even with a minimal fee. In other words, if you know what you're doing, you won't have such problems.

If you are interested in more on this topic -> https://en.bitcoin.it/wiki/Miner_fees + https://mempool.space/

According to what exists online, Sirius - Martti Malmi was one of the first to contact Satoshi and offer his help, which resulted in Bitcoin evolving to what it is today. Just as Hal Finney went down in history as the person to create the first Bitcoin transaction with Satoshi, Malmi went down in history as the first person to make a BTC -> fiat transaction.

I would have a hard time deciding that I have to choose between Hal and Malmi, although most people have great sympathy for Hal Finney who unlike Malmi remained on the forum until his death. Without diminishing Malmi's merits in the very beginning for Bitcoin, I think it's a shame that he distanced himself from the forum he actually created.

Maybe Malmi was a lot more like Satoshi when he decided to move away from Bitcoin, which is somewhat understandable.

I will only agree with others that YT and social networks as a source of information are quite unreliable and create a lot of misinformation and confusion, especially when it comes to beginners who absorb it all without any filtering. These so-called experts are nothing but influencers who use all these platforms to make as much money as possible, and it doesn't matter that they are aware that they are releasing a lot of nonsense to the public.
 

How much ATH will be in a bull run is not easy to estimate, it all comes down to speculation - but large numbers always attract more visitors, so many deliberately exaggerate. Some do it on purpose to persuade others not to sell, while they slowly take profits all the way up.

As for the similarities after each bull run, I would say that there are similarities that are manifested by a certain percentage of correction, and then over time a certain stability in price as is the case right now. I remember 2015 when the price slipped even below $200 (before that $1100), as well as 2018 when we slipped down to $3000 (before that $20 000).

I wouldn’t say it’s any different now on that issue, we’re in a period of about 2 years after halving, and about 2 years until the next halving - some might say we’re positioned in the eye of the storm, so while everything seems calm I would say that it is only an illusion.

There is no doubt that this is true, we all know it and it is a fact from which we cannot escape. But on the other hand, stocks are also volatile and serious investors like the old master Buffett lose several billion dollars in just one night, which is not strange.

In the context of Bitcoin vs. stocks, we need to consider that the average investor understands investing in gold or stocks much better than something like Bitcoin. When we look at all the famous world faces who have a negative or restrained attitude towards Bitcoin, then it is quite clear that their opinion is largely reflected in the general population.

If we add that investing in stocks is relatively simple, all you need is a broker and money - while for Bitcoin you still need to understand some things, which is a big obstacle for many. The argument that Bitcoin is volatile stands, but that's not why people prefer stocks, gold, or real estate - the excuse is in the end just an excuse, and in this case a very bad excuse that stems from ignorance, fear, and the influence of the mainstream media.

Maybe the question is a bit off topic, but when you mention Firefox I noticed that over a long period (at least 1 year) I have problems with some sites that Firefox and Opera refuse to open and give me the error :



On the other hand, all those pages work without any problems in Tor. I thought there was a problem with my security software blocking individual sites, but wouldn't that be the case with Tor? A specific example -> https://bitcoinelectrum.com/

I don't think we are going into a conspiracy if we say that Gensler also has his boss, and that he is placed in his position by political suitability and willingness to carry out what that policy represents. It is not disputed that the Bitcoin spot ETF would be profitable, the SEC and investors know that - but the main problem in the whole story is that Bitcoin is not something they can control because it is still decentralized and extremely volatile, which is a very bad combination for the SEC.

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I would not agree that they are happy with the current situation because in that case there would not be so much pressure on the SEC to finally approve something they have been refusing for years. To make matters worse, the same instrument has been approved by Canada and Australia, and some other countries, and US investors and companies are not used to being in a subordinate position when it comes to profit opportunities.

Some things are clearer considering the posts that shed light on some things, but sometimes it is not easy to figure out how the laws are formulated and what exactly they refer to. Panama is definitely a very interesting case and an environment in which Bitcoin will be in a position to show what it can offer in relation to fiat currencies.

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For me quite expected, because if you do not have your own national currency, it is very easy to add Bitcoin as one of the options. However, I emphasize as one of the options - because Bitcoin is only an alternative, even in the ES, which imposes it as a legal tender, but with the choice of everyone to use the USD.


I wouldn't say that this kind of news is not good, but people have realized that it is no longer something that can move the market in a positive direction. On the other hand, a war that could escalate into anything more than a conflict between the two countries at any moment, and unstoppably rising inflation certainly affect the way investors think when it comes to investing in Bitcoin.

I agree with that, but spelling and punctuation are still another category that we can hardly influence, especially if we take into account that a good part of the members come from a non-English speaking area. It is quite easy to show someone how to reduce the image to an appropriate size or how to properly quote post, while not using punctuation is not something we can influence.

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It has happened to me several times, but everyone can have their moment of inattention and overlook the date - it is important that this does not happen often

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In the context of what @Fivestar4everMVP mentioned in his post, I agree that everyone should use the search option of the forum or even some search engines outside the forum (because it can be a much faster way to search). However, I would point out that in some cases it is better to open a new thread than to bump a couple of years old - although of course it depends on whether someone got an answer to their question by reading an old thread, or still needs extra help.

Using the search option is far better applicable to current topics that are duplicated in different boards - just look at the Bitcoin discussion and Economics and you will understand what I am talking about.

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This is an interesting thing and I admit that it is a bit strange that someone who has just come to the forum gives advice on how to get merits - but people use all sorts of tactics in an effort to get it.

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He is the last in a series that has been annoying WO members lately, one has been permabanned (he has a thread in Meta), and some have calmed down a bit at the moment because they realized that instead of merits there are other "awards".


Laziness and ignorance of how to properly use quote are certainly part of it, but a lot of those who participate in signature campaigns obviously think that their one or two line posts look better if they add a wall of text in front of them.

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I will answer some other posts in the next post, because no matter how hard I tried to make the post readable - too long posts are not something that most people appreciate

Given that there are a lot of beginners who have obviously never used the forum, or used it in the wrong way - I would like to warn them of some things that are not strictly against the rules of the forum, but are quite irritating and definitely reduce your contribution to the forum, regardless of your good intentions. Some members will ignore you for this, others may report you to moderator - but you can change all that if you apply the tips below.


Posting images to the forum

There's nothing wrong with that, sometimes a picture speaks more than a thousand words and we all love to see an interesting photo - but the thing is that some really overdo it with sizes that are inappropriate for the forum. It should be taken into account that some users of this forum have limited data internet traffic or very slow internet, which in combination with browsing the forum on smartphones can be quite frustrating. As an example, look at what the post history of one of our artists looks like. (archived)

The solution is very simple and consists of simply placing a link of your image in this code, and adjusting the width + check by clicking on the preview how the image looks.


Using the quote option

Another thing that we all use more or less and that makes it easier for us to communicate on the forum. The problem is that some members abuse this option to make their posts look longer and more meaningful, when in fact they make them completely uninteresting. Quote exists for a reason, and if you want to refer to someone's post or part of a post, simply click on "quote" when you are in the menu for writing a post and then edit the post (delete the part you don't need). You can also use more than one quote in your post by simply scrolling and selecting the post you want to respond to.

Examples of how this should not look : 1 2

Posting multiple posts in a row

This is actually something that is against the rules of the forum, and I noticed that some older members are still making that beginner's mistake. As I explained above, you can reply to multiple posts in one post by adding multiple quote posts, or simply address each member by their name.

If you see posts that have a moderator note printed in red font then it means that the moderator has merged the posts. If we use the forum correctly, there will be less work for moderators.

It was just a question of when this Judas will appear after Faketoshi made small waves with his interview - so this board becomes the place where we discuss Faketoshi, Roger Ver Judas or Mr. Mars? All of them are completely irrelevant to Bitcoin, and as far as I'm concerned, they can all sit together in a rocket and launch on Mars, no one will miss them

@Mosharafhh, you have chosen to be a bounty hunter as can be seen from your post history and the fact that in just under 3 years you have made over 800 posts, which are validated with only 1 merit. I don't know if you earned anything during that time (I mean something more than just crypto dust), but you obviously harmed your health by spending so much time online.

Your problem is that you came here to work (like many others), and this has its negative consequences as you yourself have detected. Therefore, I suggest a complete turnaround in the sense that you begin to perceive the forum as a place for discussion and acquisition of knowledge, and only then as a place where you can make some extra money.