For security reasons, I would always advice buying directly from the company's website.
Official local resellers can often times be better than official website because you can buy them directly with cash not exposing all your name, address or phone number, you don't have to wait for long delivery or pay shipping fees. I am obviously not talking about buying wallets from random dudes on internet or on flea market.
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The truth is I'm a bit surprised to see the community relying the storage to private companies
Nobody here is storing Bitcoin in any private companies, because bitcoin is stored on blockchain and hardware wallets are only keeping keys offline with no direct internet connection. We are not promoting any hardware wallets, they are just simple and better way for holding coins than using regular hot wallets. I found the offline (original) wallet method to be the most reliable and after reading you, correct me if i'm wrong, it still is. I'm referring to having and offline PC or liveUSB with your cold wallet there.
For most people it is not enough because they are sloppy, they make mistakes with offline wallets and they don't care about privacy at all, but you can do as you like.
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Interesting read. The flaw in this study however is that bitcoin had such a stellar performance during the last years, that even if you add it to a shitty portfolio, the overall risk/reward is stellar. So, as you said, the point is to assess the probability of future performance: bitcoin is going to stay a powerful inflation hedge only if will continue to exhibit a meaningful drift.
Don't worry so much about that because Biden and all other governments will take care of that with their new budget packages starting with United States 6 Trillion dollar budget and they plan to increase it to 8.2 trillion dollars by year 2031. Other countries will soon follow what America is doing and some of them will do even more printing, so we can simply do the math and follow stocks-to-flow model by PlanB. Bitcoin will still have volatility and price manipulation but I am sure it will beat inflation more than any other asset like gold and precious metals.
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Can yoy help me to find out a Best exchange for trading?
There are several centralized exchanges that have good trading volume and you can check them out on Coingecko, but there are few problems with using them and they can be hacked at any time like it happened before. You also need to pass kyc verification and send them all your information, so I prefer using decentralized exchanges like Bisq, and p2p trading websites like LocalCryptos, HodlHodl or LocalCoinSwap. They may have lower trading volume and limited offer numbers but you can trade freely with anyone in the world, or with cash in person.
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Huh... so they're generating P2SH-P2WPKH addresses... but instead of using m/49'/0'/0'... they use m/44'/0'/0'... and they're also using some funky "number seed"
They sure have some mambo jumbo tech for inventing warm water all over again, and after looking at all their previous security issues I would say that this is probably one of the worse hardware wallets someone can buy today. There are other hardware wallets with credit card format like BitHD that is based on Trezor open source code, or Hashwallet and Ecomi, but I don't see why anyone would carry them in their wallet like regular cards, and they don't offer anything special compared to other hardware wallets.
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Any ideas of how I could accept crypto payments outside of Clover without making it too difficult on the baristas?
There are many payment processors that you can use for accepting crypto payments and adding them on your website but I think there is a way to add crypto payments directly for your Clover device. You can try contacting this guys who can add a Bitcoin or Litecoin payment buttons to your Clover POS like you can see in video below. I didn't try doing this myself, it looks like it's only available in United States and you can contact @jonnylitecoin on Twitter or on their website for more information. https://www.youtube.com/watch?v=FDRGjiVaooE
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Why would you need to do a test transaction when you know if you are sending to the correct address, the funds will get there safely?
People are not concerned about blockchain issues but they worry of possibility that they made a mistake entering address for sending their coins. When sending to other people and friends there is no reason for doing this, but when using centralized exchanges people tend to be extra careful to avoid losing their coins and getting scammed. Nothing strange about this, but best thing is double checking addresses before sending any coins.
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I was reading one interesting ecoinometrics report showing that long term Bitcoin has proved to beat inflation, in one year period Bitcoin beats inflation 85% of the time, in two years period 89% of the time, and 100% of the time in four years time period. We can't know for sure what is going to happen in future and long term but it's safe to say that fiat money at some point with inevitable hyperinflation as we can see in history.
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I am using a very very old versions of Electrum. On my cold storage I am running Electrum 2.x and my watching online Electrum is 3.0.x. They still work. Rather not go thru the hassle of having to upgrade to a newer Electrum because then I need to upgrade the dependanices and those I also need to verify to make sure they are not tampered with so I rather just leave everything as is. I'm old school.
I don't understand why would you still use old Electrum that is proven to have some security flaws, it's like continuing to use old Commodore64 and Windows XP and claiming it's safe and good because you are ''old school''. Updating Electrum literally takes few minutes with all downloading, verification and installation.
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E da, glasanje na Discordu za onu pizzu je pocelo, pa navratite i glasajte za koga mislite da je napravio najbolju, ima par zanimljivih ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Vidim da si trenutno prvi na listi da dobiješ nagradu sa 7 glasa, ali Nionio ti je blizu sa 5 glasa, a glasanje se završava sa nekoliko dana pa molim sve da ispune svoju građansku dužnost ako nisu do sada ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Kad smo kod pizze i Bitcoin-a, evo Index-a sa novim prevedenim tekstom koji je pozitivan, Kupio 2 pizze za 10000 bitcoina, danas bi imao 2 milijarde kuna: Nisam znao... https://www.index.hr/magazin/clanak/kupio-2-pizze-za-10000-bitcoina-danas-bi-imao-2-milijarde-kuna-nisam-znao/2278696.aspx
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I forgot to mention one important thing about CoolWallet device unusual way of generating seed words that are converted to numbers, and they have specific derivation paths. That means that if you lose your device and you want to restore your seed words in different hardware of software wallet, it could be much harder than you think and you may need to use iancoleman tool and follow their guide. CoolWallet S is an HD (Hierarchical Deterministic) which uses BIP44 (proposed) derivation path to derive the public keys, then we use BIP141 (SegWit) to convert the public key to a SegWit address, thus, your SegWit accounts (BTC/LTC) may not be detected when you recover the seed on BIP49 (draft) supported wallets or vice versa. https://help.coolwallet.io/article/58-can-i-recover-my-coolwallet-s-seed-to-another-wallet
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While the network will always be accessible through an internet connection
Nobody can directly shutdown Bitcoin, but they sure can for sure shutdown internet for some time and that could greatly affect how Bitcoin network is working and it would create big changes in hashrate. Before I was thinking this is impossible to happen but I see that some crazy people like Claus Schwab from World Economic Forum are preparing for this scenario and they are training and preparing for this. They are calling this event cyber pandemic or cyber polygon and they claim it will have much bigger effect than corona pandemic. Russian hackers could be blamed again, like we saw with Colonial Pipeline, and I even saw that Russian Prime Minister Mikhail Mishustin was part of this cyberpolygon show in 2020. Purpose for this would be to have full control over internet (only place to find some free information) and I think this can have big impact on Bitcoin and everything else.
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But if electricity isnt cheap in other countries where the Chinese miners migrate to then this makes mining unprofitable right so chinese miners will ditch bitcoin mining right? If chinese miners ditch btc mining then wont this affect the security of the btc network?
Many countries have cheaper electricity than in China and I don't know why everyone thinks that everything from China is cheaper than in rest of the world without doing any actual research. It's so funny to think that China can take over Bitcoin network despite the fact that they are banning Bitcoin every year, and same thing could happen in United States or in any other country in the world. There is however a issue with microchip manufacturing needed from miners that are coming mostly from China but they could also be created in US, India, Japan, Korea or other asian countries if needed.
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I would not waste any money for purchasing CoolWallet hardware wallets and there are several reasons for that, main one being that everything is closed source like you said. You can't connect CoolWallet with any third party wallets like Electrum so you are forced to use their mobile app for this, and Kraken Security Labs found several serious flaws and vulnerabilities with them. CoolWallet app was storing PIN, pairing password, and hardware seed in plaintext, there was no PIN verification on device and seed was unprotected despite having secure element. CoolWallet is also not supporting BIP39 passphrases and that means that anyone could extract everything they need from this device. You can read the full Kraken report, and even if this flaws are maybe fixed, I would stay away from using this wallet. There was also an Bluetooth Vulnerability with their older versions. They also released new and more expensive CoolWallet Pro device that has new version of secure element but I don't see any major improvements or any reason to use this wallet especially with $149 price.
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As I said before, there are so many other countries that have similar or even lower electricity prices than China and miners will eventually move there or simply go underground in China. We also know that youtube, twitter and some other platforms (who are now banning and censoring regular people btw) are banned in China but they use this services with vpn, and government can't do anything about that. I heard latest news that Iran is also banning Bitcoin mining during this summer season to save electricity and reduce chances for restrictions, but they will continue as normal after that in autumn. Chinese electricity is not cheapest in the world as you can see, but they are the source of asic miner chip production, that will still continue normally and easiest thing for miners would be to move to other neighbouring countries. Even South American countries like Mexico and Argentina are very interesting for bitcoin mining but you can pick any country from list below showing prices for September 2020 for kWh per USD: https://www.globalpetrolprices.com/electricity_prices/
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Also, we have no connections with 1xBet, it is seen via Curacao license: web archiveDoes 1xbit have any betting licenses at all, because I can't find any information on your website? I registered on your website to test it and I talked with your terrible customer support who can't answer simple questions I asked them, so I wonder are they just stupid or you teach them to ignore some questions? Another problem is that you hired and accepted all members with negative trust who promoted adkinsbet scam, and they are all controlled by one guy, or maybe you are part of the same crew as adkinsbet.
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PayPal black hole is finally opening slightly, maybe because lot of people asked them for Bitcoin withdrawal option, but they are probably still worse than average centralized exchanges, and I think they are doing this only because they want to attract more crypto users as there are some rumors that they are working on their own centralized stablecoin, maybe called PayPal coin. I can't find more information about this and how much are fees going to be for withdrawing Bitcoin, but I am sure they will be premium high and this option will only be available to citizens of United States. Better read their terms carefully before using your PayPal account for anything crypto related.
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Well, American prisons are notorious for contrabands so there's no surprise there since almost anything can be smuggled in the prison. Pretty sure he has a lot of money left and connections to keep him more than afloat. The Tweet about bitcoin being the last hope is a pretty bold claim for my taste but it is a welcoming one since it implies that bitcoin is doing something great.
McAfee is still in Spanish prison fighting against extradition to United States, and they confiscated everything he has in fiat currencies but they can't confiscate all of his Bitcoin and cryptos. He may be a crazy man who was not paying his taxes but there is some truth in things he was saying for years.
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What are my alternatives?
Except Binance.us you can use Kraken exchange that have very good volume and they support many coins, and you have other option to use Gemini or FTX exchange. If you don't want to pass kyc verification you can try using decentralized exchanges like Bisq or some P2P trading websites like localcryptos. Does Electrum Support Ethereum?
Electrum is wallet only used for Bitcoin, so if you want to use other altcoins from one wallet best and safest thing would be using opensource hardware wallet like Trezor. There are other wallets but most of them have closed source software and I would avoid them.
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Hello, I need help from experienced user. I am using Safepal wallet app for a while and binance dapp with its feature.
Did you connected your safepal wallet directly with your Binance exchange account or not? Make sure you are using correct eth chain and not their own bsc network that can have exact same 0x address with zero coins. I noticed some people started to complain more about Safepal hardware wallet issues especially with alternative chains, and I would never trust this closed source wallet for holding my coins. I am not saying this is the case here, but there is a problem with safepal encoded QR codes so in theory someone could use that to find exploit and change receiving address without you even knowing it. One last thing you can try if nothing else works is to enter and restore your seed words in other hardware wallets like Trezor.
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