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7461  Bitcoin / Bitcoin Discussion / Re: Today I helped 2 non-crypto people invest in bitcoin on: September 19, 2021, 08:01:09 AM
Otherwise, i only suggest buying a whole bitcoin.
Why? I don't understand the fixation that people have with whole numbers. I have a friend who is slowly showing some interest in Bitcoin, but he is so concerned about owning a whole Bitcoin and is not considering smaller amounts. One day he said he doesn't think he will ever have enough to purchase 1 BTC. I keep telling him how ridiculous that is, because he can purchase much smaller amounts. I tried to make a comparison with fiat and explained it to him like this:

When you get your monthly salary, you aren't getting round numbers. You aren't being paid $10.000 a month. Maybe you earn $1374/month. You didn't turn your job down because the pay isn't a nice round number. Why don't you apply the same logic to Bitcoin?


@Imran232
Can I ask what level of experience and knowledge you have about crypto and what research have you done to feel comfortable in recommending those coins to your family? Where are they storing their digital assets? What did you tell them about protecting private keys and seeds? Crypto isn't like the stock market? If Bitcoin dumps, so will the rest of your uncle's portfolio. If Bitcoin rises, so will the majority of alts.   

Very good portfolio. It is recommended by almost the majority to invest in the top 10 of the crypto market.
Recommended by whom? How profitable will that investment be long-term? Check the top 10 coins from 10 years ago, do you recognize any? Check the top 10 from 5 years ago, how many of those are still in the Top 10 today?
7462  Bitcoin / Bitcoin Discussion / Re: How many BTC users actually care about privacy? on: September 19, 2021, 07:20:01 AM
As long as the cryptocurrency exchange that I want to use is credible enough, there is no problem for me to share my private information with them.
It doesn't matter what the exchange is or isn't. One reason to be concerned is that the exchange can abuse your personal information. Another reason is that their database can get hacked, someone else gets hold of your information, and that person or group abuses your identifiable info. Don't make the mistake of thinking that an exchange values you of puts your interests and needs above theirs. They will always protect their own businesses and that means selling or sharing your data with government and law enforcement agencies if they are being required to do so. 
7463  Bitcoin / Hardware wallets / Re: A question about wallets disappearing from Ledger Live app. on: September 19, 2021, 06:54:16 AM
...and there was a message as if it was the first time I connected it saying that if I wanted to see the wallets I had to connect the ledger nano to import them.
Import them from where Huh
What about the individual crypto apps on the hardware wallet? Where those still installed on the device? If so, the simple solution is to re-create your accounts in Ledger Live with the device connected to your PC to allow it to scan your accounts and balances. Not sure what could have caused it though.

The main reason why I used it again is because with Ledger Live I can log in without connecting the USB, I can see if a payment has arrived, for example. I have the Ledger Nano safely tucked away, and I only pull it out if I have to make a transaction or sign a message. And I hadn't even thought about the firmware update, so I'll keep LL installed.
I use mine mostly as a portfolio checker as well. Do you connect your Nano when you generate new addresses? You should do that as well to be able to compare the address in LL to the one displayed on the screen of your device? It works without doing that check, but it's not recommended.

Here I agree only in a small part, because it is true that with Electrum, you can see the different directions and balances, but with Ledger Live you can use coin control, I always do it lately, and there is a trick to see what you have in the directions, which is also using coin control, but it shows you with the different inputs.
Electrum's coin control is superior. If you are interested in spending certain inputs, paying too many, etc., that should really be done with Electrum. It's easier and more user-friendly I think.
7464  Bitcoin / Hardware wallets / Re: Ledger Nano X Battery Pandemic on: September 19, 2021, 06:39:23 AM
They've mentioned before about having production lines in France and Asia [link]...
According to the link you shared, their reddit moderator mentioned that the secure element is manufactured in France. The rest of the device is surely assembled elsewhere where the labor is cheaper. That same moderator (btchip) also mentioned in a different reddit post, that the device is not manufactured in China. I have no link for that, but I believe it was said in one of the user complains that dkbit98 linked to in this thread.
7465  Economy / Gambling / Re: BetJA.com | The highest Payout among all major Bookmakers + Free BTC on: September 19, 2021, 06:31:40 AM
@Pmalek, can you share personal experience and feedback about the user experience on the casino?
There isn't much to add besides the points I made in the previous posts. I don't play a lot, but I place a few bets every now and then. I have no complaints, only the recommendations mentioned previously that I feel would make the site better. I have noticed that they often offer better odds compared to much more popular sportsbooks.
7466  Economy / Gambling / Re: [Table] Withdrawal Fees and Withdrawal Amounts on Crypto Casinos on: September 19, 2021, 06:25:41 AM
It's like those scam sites constantly raising so you can never withdraw.
I'm not saying any of these are scam tho, don't get me wrong.
The casinos make money when players lose their deposits in various games. Since that is not enough for some of them, they have introduced excessive withdrawal limits to profit even more. It's not a scam in the traditional sense, but it's certainly a model that should be criticized and called out publicly, so that the community knows what is going on. Pocketing $90 on fees at a time when the withdrawal fees are like $0.15 is plain wrong.
7467  Bitcoin / Hardware wallets / Re: Offline onboarding on latest Trezor suite update (21.9.2) on: September 18, 2021, 01:28:13 PM
Well it's obvious really, you are not leaking your IP address and you are improving your security and privacy, but you don't have to worry about that because you are stuck with ledger ticking bomb  Cheesy
I have had my Ledger long before the leak (same as you) and it fulfills many of the needs and expectations I have for a hardware wallet. The leak was unfortunate, but none of us can do anything about it now. I am not stuck with it, but I am using a product that works fine. My respect and confidence in Ledger as a company has been shaken, but that's got nothing to do with their hardware wallet or its features. If I needed a new hardware wallet today, Ledger would certainly not be my first choice. But we are now moving into off-topic territory, so it's better to stop.
7468  Economy / Speculation / Re: Next stop $85K for Bitcoin on: September 18, 2021, 12:33:51 PM
All those forecast sites and "predictors" are unreliable. I would even go as far as to call them bullshit. Enter any coin in a search engine followed by the terms 'forecast 2021/2025/X', and you will get a bunch of prediction platforms. All of them are showing incredible growths for all assets you look at. Newbies shouldn't use or trust such sources because they will get the wrong idea that you can purchase any coin you want and it will give you good returns.
7469  Bitcoin / Hardware wallets / Re: Offline onboarding on latest Trezor suite update (21.9.2) on: September 18, 2021, 10:34:51 AM
AFAICS, you're completely right and all this does, provides a safer environment for the setup process [I hope it doesn't give newbies a false sense of security].
That's the thing. It is apparently supposed to provide a safe (or safer) environment to the onboarding and seed generation setup. But that process is already safe (at least it's supposed to have been safe all this time). If it's not, have we been led to believe that it is?

It reminds me of this spiderman meme:
7470  Bitcoin / Hardware wallets / Re: Technical question about receive bitcoin on ledger nano s on: September 18, 2021, 07:33:17 AM
@cryptown
It might help if you explained what you are trying to accomplish by changing the gap limit. There might be a better and safer way to do it if you tell us what you are trying to achieve.

I agree that increasing gap limit doesn't increase security (unless the theft who have your seed words don't think to change gap limit). However, i don't understand why would increasing gap limit leads to less security?
The ease of use is affected. Unless you made it clear to your heirs that they need to increase the gap limit and check the addresses beyond gap limit 500, it's unlikely they would think of doing it themselves. Restoring a wallet from seed where the software uses a standard gap limit would return an empty wallet right? Or you simply suffer a memory loss and forget about the gap limit you used.
7471  Bitcoin / Hardware wallets / Re: Offline onboarding on latest Trezor suite update (21.9.2) on: September 18, 2021, 07:21:18 AM
The Trezor Suite onboarding process has been updated to allow you to complete the process without being connected to the internet. This means that a new Trezor device can be set up without the host machine being actively connected to the internet, improving one’s privacy, security and peace of mind.
The onboarding process exists to ensure every customer correctly sets up their wallet without needing to find help online or otherwise exposing themselves to an unsafe environment.
What's the benefit of this improvement? You can set up your new wallet without an internet connection, I get it. You can generate a new seed, maybe even test its validity (not sure how Trezor does it). But if you are using a hardware wallet, you probably don't have an airgapped system anyway. Sooner or later, that device where you set up your Trezor on will go online. It's not like the old hardware onboarding processes leaked the seed phrases because you needed an internet connection. Maybe I am not looking at it the right way.   
7472  Bitcoin / Wallet software / Re: BITCOIN WALLET on: September 18, 2021, 06:57:50 AM
Also, as I keep saying, having a hardware wallet for a hot wallet that at most is going to have $50 is just time consuming and not worth it.
I would never purchase a hardware wallet to store $50 in it if that amount is the first and last time I own Bitcoin. But if that's not the case, and you are planning to periodically increase that stash to say $100, $200, etc., it's well worth the money and the trouble. I think that if someone's first experience with Bitcoin is a positive one, that person would likely want more. Let's not forget that if Bitcoin reaches a valuation we all hope for, those initial $50 would be worth a lot more. 
7473  Bitcoin / Wallet software / Re: I have a multibit wallet and I don't see any funds on: September 18, 2021, 06:51:10 AM
It may be a good choice for selling and buying bitcoin, but it's not recommended to hold bitcoin on an exchange.
Just a small typo in your previous post. I fixed it for you Wink

Can anyone suggest a good book regarding Bitcoin?  Nothing too complicated.
I would advise you to take a look at the Bitcoin for Beginners series by Andreas Antonopoulos. The playlist consists of 45 videos of various lengths. Some are as short as 4-5 minutes but there are also video lectures as long as 1-2 hours. And it's free.
7474  Bitcoin / Wallet software / Re: Sparrow Bitcoin Wallet on: September 18, 2021, 06:44:05 AM
I was able to create a wallet with legacy addresses, which you can't do with Electrum anymore, so that's a plus.
You can, but not in a standard way. You have to first enable the console tab by clicking on 'View' and 'Show Console'. Enter the following code in the console tab:
Code:
make_seed(128,"","standard") 
Electrum will then generate a new 12-word seed for you to write down.

Here is an example of how it looks. For some reason, I had to do it twice because nothing happened the first time.


7475  Economy / Gambling / Re: BetJA.com | The highest Payout among all major Bookmakers + Free BTC on: September 18, 2021, 06:23:58 AM
They have relatively good odds also, which makes them a good choice for some sportsbettors. And they don't have any existing issue or concern from their players, so seems that they are doing good here.
They have been OK so far, but they are also lacking on certain fronts.

- The matches in their offer miss plenty of interesting betting markets. Just make a comparison and open the same match on Betja and on Sportsbet.io and FortuneJack for example. You will notice how those other two platforms have a much wider list of betting markets.
- A similar thing can be said about the live betting markets. They only offer some basic markets. Not sufficient in my opinion.
- Their betting limits are small. Highrollers can't play on Betja because of those limits.
- They have a weird restriction in live betting. I have often noticed that if you place one live bet, they won't allow you to place another one on that same match. That makes no sense and that's not something I have seen with more popular brands. 
7476  Economy / Gambling / Re: [Table] Withdrawal Fees and Withdrawal Amounts on Crypto Casinos on: September 17, 2021, 06:39:37 PM
<Snip>
Thanks for the suggestion. I noticed that they created their ANN thread today. There is an old thread about that particular platform but it wasn't started by an official representative of the casino. It's a nice way to announce yourself to the members on Bitcointalk, but since the casino is still new here, I will wait a bit before adding them in my OP.
7477  Economy / Gambling / Re: BetJA.com | The highest Payout among all major Bookmakers + Free BTC on: September 17, 2021, 06:29:39 PM
Is the faucet can be claim multiple times even though you still didn't spend the amount you get on your first claim? I don't know the minimum bet amount on this sportsbook and typically min amount on this kind of game is 1$ and above. I want to try it first before I deposit my money.
The minimum bet amount matches with the amount you can claim from the faucet. It should be around 5 cents I think. You can claim the faucet once every 60 minutes and you need to place a bet with the claimed amount before you can claim again. Sometimes the bet needs to be 1.40 or higher for you to be eligible for another faucet claim.
7478  Other / Beginners & Help / Re: Copper Membership on: September 17, 2021, 10:26:44 AM
grin is now accepted for forum payments but I don't know why I can't find the "grin payment link at the bottom copper membership pages"
Did theymos remove support for Grin or was the link never added on the purchase copper membership page? According to his post, it's suppose to be there, but it isn't.
You'll find a link at the bottom of the evil-fee and copper-membership pages.

If OP does not know, please use the Johoe website to check appropriate fee rate to use
There is nothing wrong with your suggestion, but for someone brand-new to Bitcoin transactions, it might be easier to have a look at mempool.space at first. After that he can learn how to check the mempool manually. While I am writing this, we have only around 600 unconfirmed transactions in the mempool and a 1 sat/vByte is enough for a quick confirmation unless something changes dramatically.
7479  Other / Beginners & Help / Re: What we think is a quality post on: September 17, 2021, 09:51:03 AM
A quality post is a post that is answerable to a question, and also a post that brings a solution to a question...
A quality post is also one that creates more questions, initiates a genuine conversation, makes you think and look at things from a different perspective. A good post can change your initial opinion.

Tupac once said that he won't change the world, but he will ignite a spark in the person that will change the world. A good post can do that to. It can give you the idea you needed to make something happen.     
7480  Alternate cryptocurrencies / Altcoin Discussion / Re: Am I the only one that feels this way? on: September 17, 2021, 09:33:09 AM
Most of the coins and tokens are created for the developers to make money on them as fast as possible.
Most have no use cases or valid reasons to exist. The "solutions" and benefits they promise to offer can already be taken advantage of by using Bitcoin. Many of the shitcoins are based on empty promises that an MVP will be created sometimes in the future, but it never is. Mostly, it's just a theory and a whitepaper promising to change the world.

Stick with what is know, what is working, and has a significant global userbase. Don't chase lambos and leprechauns.  
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