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This has just being the begining of bitcoin going mainstream, it is so promising and becoming realistic. The bitcoin first trade was in 2010 while bitcoin has been growing gradually and now institutions joined. Now NFL player is paid in bitcoin through the lightning network. This is just another good way bitcoin is getting more adopted.
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Lol, you make it sound like every decentralized coins are safe simply because they are decentralized, you even stated that 'unlike altcoins which many are centralized and shady' why did you separate decentralized altcoins that are also shady and scamming all in the name of decentralization too?
My own believe is government have warned us about bitcoin in the past, they saw it as a threat and if Nakamoto is a well known person it will be extremely hard for him, forget Decentralized for some seconds mate, bitcoin wasn't as strong as it this years ago, while the war was still tough bitcoin creator can be arrested
What makes bitcoin to be fully decentralized is the absense of Satoshi Nakamoto. What has governments done to the creator of many altcoins? If not because ripple had a shady deal, what has government done to him? So far a coin is not shady, or no evidence of shadiness, nothing can the government do. But Satoshi either he/she/they make bitcoin to be fully decentralized because he is not known unlike altcoins like I have ones said. |
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The main reason Satoshi Nakamoto have remain unknown would be because he wants bitcoin to be decentralized, unlike other cryptocurrencies. People will say bitcoin is controlled by Satoshi even if it is not controlled by him, but he just left it to make people know that he is only the creator not the owner and that it is not controlled by him.
Governments will target centralized coins because anything centralized is shady, unlike bitcoin which is decentralized with open source codes and noncustodial means of holding, this makes it known to the people that bitcoin is truly a decentralized coins unlike altcoins which many are centralized and shady. Ripple is one of them which SEC filed a lawsuit that exposed how the ripple CEO should not be trusted.
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There are many cryptocurrencies with almost or over 8000 now, most of them are shitcoins, many of them are pump and dump coins, many of them just remain stagnant.
I have seen many purposes of having altcoins.
1. It create means of centralization. Ripple is an example which has been filed a lawsuit by SEC because the centralization makes it shady and centrally controlled.
2. Hidden agenda. Many of the altcoins have hidden agenda, because they are not decentralized.
3. Scam. If there is only bitcoin, scam would have reduced. This is clear and known in ICO and DeFi scam. Many exchanges are shady because of the stupid coins they are listing that they use to scam people.
Bitcoin just remain the true decentralized coin, while those many altcoins needs attention as most are shady.
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You will need to read about bitcoin generally, on this forum you can use the search engine to search about bitcoin which will bring you bitcoin topics, but you will need to read from outside sources too, using mastering bitcoin will help you. https://github.com/bitcoinbook/bitcoinbookWhich section of the forum I go to？
I think the question is not bad at all, he may not get things in the right way so far. There are some accounts that have been opened for long but later rank up. I think all we should do now is to advice him. |
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Normally having two or more account should against the rules of any most platforms that require your identity, and this is not allowed on Twitter with what some people have already posted. Are you farming Twitter account? I think having only one account will be best for you not not to be suspended.
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Can you please elaborate -- if you lose your original Ledger Nano device can you take the private key and input on any device and retrieve your coins?
Afaik, ledger will only generate you seed phrase. You can input the seed phrase on electrum wallet (and many other bip39) wallets to generate your whole wallet with your balance. Also, the Ledger device gives you a pre-select list of words for the private key.... why is that? Why can't I create my own? Wouldn't that be safer? What if someone hacked in to all the list of private keys from the Ledger company... how is it that the pre-select list of words is really safe if it was loaded don to the device before I purchased it...?
Noncustodial hd wallets will generate you seed phrase for backup which can be used to recover your bitcoin and other funds during wallet damage or lost. HD wallets generate seed phrase which is normal, it is not according ledger company but according to how HD wallet works. You can not create your own seed phrase, wallet automatically generate that for you. how is it that the pre-select list of words is really safe if it was loaded don to the device before I purchased it...?
The seed phrase is generated after you open the wallet, not loaded to the wallet before you purchase it. You can read wallet part of master bitcoin to understand more about this by clicking the link below. The seed phrase is safe and secure provided if you store it safety and avoid hackers from reaching it. https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch05.asciidocWhat if someone hacked in to all the list of private keys from the Ledger company
The issue of a wallet to be open source or close source have to be addressed here. Normally seed phrase is safe but vulnerabilities in wallet can make it to still be reached by hackers. That is why open source codes are better than close source because of transparency. But ledger wallet is closed source, you can only trust the company not to have vulnerabilities in the wallet that can reveal your seed phrase but it can actually happen as it is close sources. If vulnerability is in open source, it will be removed because many people are willing to work on it but unlike close source that you do not know the source code, even if vulnerability is in close source, you can not know until your funds are all gone. Although, I am not saying ledger is like that, but letting you knowing how open source codes are better. |
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If you check the post history of the user, you will see nothing which is as a result of all his posts deleted. Which means it has been detected by moderators that he is a spammer and his account has been banned.
Spamming bitcointalk do not condone.
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People need to realize that bitcoin supply can not be decreased or increased, it is only 21 million. This is what Satoshi Nakamoto did and inside bitcoin white paper. I do not see how another layer protocol would increase bitcoin supply. Anything that can increase bitcoin supply can only be a bug which will definitely be fixed while bitcoin supply remain 21 million. In the future, even if some bitcoin community propose this, it will only lead to a hardfork in which another shitcoin will be created. This is nothing to be bothered about because bitcoin will remain bitcoin and the supply can not be affected but remain 21 million.
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This is not the second lockdown, it depends on the country you are from. There have been many countries that have had second lockdown since. Second lockdown has been driven as a result of the virus infecting more people after the first lock down ended. Which means for any country that has had or is having or will have second lock down or third or more, it will only be as a result to reduce the pandemic because if their is no lock down after the infection is rising in a country, it will only lead to a problem that can get all people in the country infected if their is no lock down and isolation.
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Financiers are institutional investors investors that invested with institutions that will be paid back in profit, or you can correct me if I am wrong about that. I will only focus on them, their numbers have increased in this year because many institutions are investing in bitcoin, this could be the rise of institutions that will invest in bitcoin. 2021 can be the year of more rise of institutions that will be investing in bitcoin. They have later have to know that bitcoin is a new era money and yet an asset that is not inflationary like gold, fiats and many like that, it is real deflationary unlike those. We all know how fiats is so inflationary while gold may not be left out if true value is considered. There will be no option for financiers than to invest in bitcoin because it is better, and the world have being dawning to understand this unlike the olden time.
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2FA authenticator uses software such as Google Authenticator, Microsoft Authenticator or Authy. It operates on a TOTP (time based one-time password) concept. TOTP is more reliable than SMS, however, there have been reports of hackers stealing authentication codes from Android smartphones. There are even some malwares that can copy and send authenticator codes to a hacker.
First of all, not all authentication codes are Time-based One-time Password (TOTP), some are HMAC-based One-time Password algorithm (HOTP) which depends on a counter. Also there are many other good 2 factor authenticators, like AndOTP and Aegis, they are all good too. About the malware that can steal authenticator codes, trojan is just the typical example. |
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While to know if giveaway is true or not, we should not only believe in emails, or making sure the email is from the legit site, this should be assured by making sure the email that sent such giveaway is not looking similar but exactly the same with original from binance but this can be tricky and we need to be very careful. About binance, this can be good for binance users to check the notification on their trading platform on their account, binance would have notified them from both the email and the notification message, the notification message on binance is authentic and not tricky like email which can be fake but just similar to binance emaL. People need to be careful, binance do give giveaway that require little tasks, but scammers like to take advantage of that too but creating a fake giveaway that can be used to scam people.
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I sent them to indodax, so i'll try to call their support..
This is the best you can do, your bitcoin is not lost because you sent the bitcoin to the right address. On exchanges, this kind of a thing can happen, what actually caused it is what I do not know but it can happen on custodial exchanges and wallets unlike noncustodial exchanges and wallets which it can not happen. Your address will be funded immediately you provided all necessary information that will be forwarded to you to provide to make it certain that you are the real owner of the wallet and also that the transaction actually is for you. |
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It is just true that bitcoin is already known world wide, from normal investors to institutions now and promising that bitcoin is going mainstream. But having a song for bitcoin is not bad at all, it can still help let people to know more about bitcoin. But the main issue now which I have found out is that some people even wish to invest in bitcoin but they do not yet know how to, these are the people surrounding me now. I think looking for ways to simplify bitcoin to these such people should worth more attention.
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It will be good if more institutions join in investing in bitcoin, it will be good very well and can be the main reason bitcoin will increase more in price like it did from $10000 to the price above $23000 now. While bitcoin will have more or increasing marketcap, also the price will increase while also the institutions will later have their gain if they continue to invest, this will only later lead to fomo which is normal investors that will also drive the price higher.
All what is said about bitcoin are true, it is just store of value that is not similar to fiat or stocks but bitcoin has its own unique characteristics that makes it superior.
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I do not see this surprising but it is a very good idea. I do not see it surprising because bitcoin is getting more popular day after day, there will be a time bitcoin will be used directly as a payment means and which will mmbe more common than today. Bitcoin is just what we can call money, and can be used for payment. It will be good to make use of price correction algorithm that can make bitcoin price equals to fiat price as mentioned before so to make it perfect for price fluctuations.
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Is is not only full KYC at exchanges or Bountys which is dangerous. Even if you purchase something what is relating to Crypto and your adress got leaked you can get in really danger. Just look at the Ledger hack.
You are just very right, but I believe those people do not know they were getting verified for just buying ledger wallet directly from the company, now many of the buyers are now facing even threats that are physical and also phishing that have cost many ledger wallet owners to lose their funds. In anything we are doing, no kyc is the best, we should be completely having no link of our address, email or any related things to our wallet. |
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There is back ups for every accounts you add in your google authentication app, assuming you buy a new smartphone now you can easily export all the 2FA accounts into the new phone, meaning that if someone have access to your phone they can export your 2FA settings and gave access to every websites you use 2FA on
You are right, if hackers can steal the 2fa back up, the hacker will be able to to access the 2fa code successfully, but there are many other ways to get access to the back up, and there are ways the back up is not needed at all but the time codes which is changing every 30 seconds or so will still be revealed. This can be possible through malacious codes hackers can input into devices like phones and computers. |
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