It would be interesting to know if the number of people installing a wallet like electrum is also going up as many people simply do not have enough money to justify buying a hardware wallet but they could still want to secure their coins, so this would be a good metric to see if those people are also leaving exchanges behind.
However, wanting to get complete control of our coins should not need a bear market but it is nice to know that people are striving to reach that goal and get control over their coins once again.
That is also an important point because the number of individuals' wallet usage is also a determination towards the existence of exchange storage to personal wallets with the keys. After all, those wallets are recoverable and users are in total control of their coins. But come to think of it, not that hardware wallets have it own challenges.
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I believe you are trying to build a story around Bitcoin, its evolution and development since you relate it to the manner and origin of money, but you failed to point out some facts about bitcoin. E.g it's the total supply of 21 million and its anti-inflationary nature give Bitcoin an intrinsic value that makes Bitcoin stand out among other assets and currencies.
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Those who use the exchange, those who want to exchange one coin for the other see exchanges as a bus stop and a transfer ground. But for storing Bitcoin almost every investor and holders know the vulnerability of exchange and the risk involved in leaving your coins on the exchange since you don't have the private keys to the wallet, but with a hardware wallet, one can store Bitcoin for as long as possible without fear of hack or phishing attacks.
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Bitcoin and fiat co-exist within the same financial system, if you say Bitcoin is the escape route as a store of value I will agree with you on that. But as a currency Bitcoin can not be the escape route against the centralized government since Bitcoin is not a legal tender in most countries around the world and not everybody accepts Bitcoin as payment, so your Bitcoin still depends on fiat exchange to be used to pay for goods and services.
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These same issues were faced with Bitcoin in the early days, there was quite a good number of hacking that resulted in a huge amount of Bitcoin being stolen way back. But now that is history as all the security gaps have been breezed and it has become almost impossible for hacking to happen. The same will be with the NFT network since the development is new a lot of such incidents of hack will be recorded, but with time they will learn how to protect their security protocol to avoid being hacked into.
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Thanks for your comment, but I suppose you have not read the article, otherwise you would see that it goes significantly beyond the state of the art. Otherwise I would not have invested the effort.
Ok good to see that you trust your work and that will make me want to give it a try, am going to read through the pdf doc during the next weekend when I have some time off work. I will come back to comment on the content of the writer since you already vouch for its high-quality content.
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It's terrible if this is true, it shows that the security of the crypto world is still vulnerable that must continue to be tested. There is a lot of theft going on in the crypto world which is hard to uncover, but it is a process towards the maturity of the platform with its security
We have seen so many similar hacking incidents in the cryptocurrency industry, and Omni is a big platform that has so much reserve this hacking news is a devastating one, and at this point even though the Omni team has said that clients funds are safe but this raised a lot of concerns.
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So you mean the origins of Bitcoin are not a welcome topic on this forum? I am not promoting my website, but offering a document that is free to download.
Everything one needs to know about Bitcoin and its creator Satoshi is relatively available via just a search on the internet, and even Santoshi himself made some posts on this forum in the early days of the Bitcoin journey, which any newcomers could easily get access to such information. No doubt the fact that your document contains some known fact about Satoshi and his work but the truth remains that, most information around the internet about satishi personality are just mere assumptions and unproven information.
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~snip~
you are right investors does not have access to the smart contract source code and that is where most of the hack start from, that is why I mentioned in my earlier comment on the centralized nature and the disadvantages of the open-source software network the developers always hold the keys and the can either exploit that window un a negative manner or leave it open so that other hacker can easily access and exploit such widows.
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every cycle of btc brings downfall for small or bad projects. but negative actions like phishing have made the blockchain's user file smarter. I believe the market will recover and be more civilized shortly.
You get a point there because each time the Bitcoin market makes any move the impart on altcoin will be huge and this has led to the death of many weak coins/tokens in the past, Bitcoin has been the big player in the market and Bitcoin is also the determining factors of the entire cryptocurrency market, so any time Bitcoin dropped significantly altcoin also follow the same pattern but with higher devastating results on the market cap of most altcoins.
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Quite a lot of transformations have happened over time and knowledge about Bitcoin and wallets is needed at an early stage, but also since you did not specify the age level of your students and their grade level we may not see it as necessary for them to make a transaction, giving them the basic knowledge is enough at whatever age so anyone that picks interest may indicate and go further to make a purchase and sending using the electron wallet you thought them.
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There have been one and several NFT hacks being reported lately and what I will advise is don't trust those network that claims to be 100% decentralized mean while the developer still has a strong influence on the security and they can change the protocol. Thousands of ethereum have been stolen through the NFTs network and this is raising a lot of concern most especially among the investor, so newcomers can be warned.
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i will sell everything i have and buying bitcoin and keep just a mobile device which can access internet so that I can store my bitcoins. then living as a bigger.
The best time to buy Bitcoin is now that the price is still within the range of 20k, so buying more Bitcoin is the best store of value because in the nearest future let's say 5 months from now the price of Bitcoin will make a new all-time high and there is going to be a massive bull run in 2023 as Bitcoin gains more public adoption and countries coming to term with bitcoin ecosystem. So ultimately Bitcoin may not go further deep as the correction benchmark already exists.
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This is good news for crypto adoption, but then using the post office as a channel for payment may require users to provide some form of KYC identity verification and this will be a major setback for that services. Since the post office is operating under the Spanish central government so there will be regulations that will lead to verification of citizens using the Bitcoin payment options.
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Quite a lot of currencies have died in the past, some died a natural death because of a lack of survival plain that can sustain their existence in the market, but if anyone wants to hold for long-term sake then Bitcoin is the sure coin to hold. The winter market will deal a heavy blow to the entire market and many currencies will not exist after this time but Bitcoin is sure going to see the other side even with a better ecosystem.
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Bitcoin is a limitless currency of the Internet that gives people the freedom to financial freedom, whereas fiat currency gives a limit Bitcoin will give that freedom to go. beyond, as a decentralized currency Bitcoin is a utility coin that is used for payment over the internet and that is why Bitcoin is referred to as the currency of the Internet.
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Man old projects are remodeling and cleaning up their codes and acts to suit up to the challenge of New projects. It's the way to go now. Example is introduction of NFTs and DeFi by old projects
Thank you for this reply, a lot of other users have been on negative about old projects and they have written them off as scams. But not all old projects are scams some failed due to one factor or the other, but with the recent developments in the NFTs and metaverse, a lot of remodeling is ongoing. And some projects just rebranded with new code.
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The sole responsibility of the player is to protect themself from getting addicted to games on gambling sites, even though some platforms have self-exclusion features. Even if stake blocks all your account you can still make new ones on other casinos so if you are not determined by yourself you may still fall back into your addiction.
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The market is highly volatile at the moment and investing in meme coins can easily lead to lots of losses, the better way to go at this present market conditions is to stay put to less volatile coins such as BNB, ethereum, and the rest of the other less volatile altcoins in the market.
But if you have some balls to gamble with your money then you can opt in for some of the overhyped memes on the exchangrs, if you are lucky you may make some profits off the market before their crash. Meme coins are only good for short-term investment.
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Of what important is this to the larger binance users since the zero trading zone is only peculiar to US users, so that has limited other traders from different regions and countries and I have not heard how effective this offer has been. Binance is also marketing its platform in that region since other strong exchanges are operating within the US.
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