There is no doubt about it at all, the bad news comes one after the other and we can only wonder what is next. I’m just wondering if they’ll finally realize that security comes first, and only then add support for various shitcoins and options to buy coins directly via Ledger Live.

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It's not just the Nano X, all models have the same vulnerability - but still, in order for someone to take advantage of this vulnerability, certain conditions must be met - and everything I read comes down to someone using a fake version of the wallet. The following comment perhaps best describes the situation:

That's right, from the beginning of 2017 all banking transactions of citizens in the country or abroad are under surveillance of the tax administration (banks send those data to tax office). Obviously some smart politician liked the idea of a big brother who sees everything - but of course that doesn't mean it's still not possible to manipulate the system if you have the right people in the right places.

The paradox is that in the same country you can buy or sell crypto worth up to 2000 EUR without an ID (physical exchange offices) daily.

Bank accounts are no longer a secret: Here are the cases in which you need to worry

A serious investor will never invest in some altcoins without meaning and purpose, especially not after what happened during 2018/2019. Only those who deal with pump dump schemes and those who think that BCH/BSV is a better choice then Bitcoin can say/speculate that price is overvalued. After 11 years, those same investors must have learned something - only Bitcoin remained a profitable investment almost all the time - and look at how many projects survive only one year after they appear on the market.

Bitcoin was cheap in 2013, it was cheap in 2015, it is cheap even today given how much potential there is for growth in the future.

corndoge, there is no doubt that 10% is a pretty nice commission for what you need to do, but as other members have already written, you are taking the biggest risk in this business venture. The risk is that you can't know the origin of the money that will be paid into your bank account, and to me this method actually looks like an attempt to launder money.

Dirty money from x sources comes to your bank account, you buy BTC for that money and forward it to the address you get - a person can then send that BTC to a coin mixer or buy a coin that has greater anonymity - a trace of money is lost in that process, only you remain as someone who bought and passed on the funds.

At best, Coinbase can block your account - at worst, you can be visited by guys from the three letters agency who might ask you some very awkward questions.

reCaptcha can sometimes be really weird to say the least, but their AI obviously still has some basic issues like recognizing a parking meter from a mailbox. This is one of the problems that AI has from the very beginning, some seemingly simple things are still complicated for them, and there seems to be no progress in the last 5 years -> Simple Pictures That State-of-the-Art AI Still Can't Recognize.

And when it comes to hCaptcha, lately (at least in my case) it all comes down to mostly a lot of clicking - because if, say, they ask to mark all the bikes, then it looks exactly like this.

In an ideal society where tax money goes in the right places, people should not object to paying taxes because that money is used for the common good. But if we take the example of a corrupt country where more than half of the state budget goes to the salaries of politicians, their expensive residences and cars, the best food and drink, and the employment of suitable instead of capable and competent people - and on the other hand children go to life-threatening schools. , they are hungry because their parents can't afford one meal at school - should someone be happy to pay taxes in such a country?

Robots will come for sure, but rest assured that they will be funded by people who will pay taxes, as well as all other nonsense that is paid with the same money.

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In my country tax office see all bank transaction, and most people do not need to do anything regarding taxes - if they need some further clarification then they contact you. With CBDC everything will be even easier for them, there is no hiding in such a system.

There is a general opinion that the real effects of the pandemic crisis are yet to be felt in early Q3 and Q4 (2020) and only then will it be seen how well (or badly) anyone has reacted to minimize damage caused to the economy during the lockdown. When there was a sharp decline in all world markets on March 11/12, many said that this was just the beginning, and that we could expect a few smaller but strong enough declines - because there was no logic for the opposite to happen - and now we have a rather strange situation if we look GDP falling almost everywhere - and on the other hand the stock market, gold or Bitcoin have their best days this year. It is logical to assume that this is the result of injecting huge amounts of fresh money into the system, but also to some extent a paradigm shift from the fact that the economy must come first, and then comes the fight against the pandemic.

I wonder if something (even Bitcoin) could be a hedge in case we are hit by the biggest recession in 100 years? Of course, anything other than fiat is a better option in this case - so there will be no better test for Bitcoin than what is being prepared.

Bitcoin is not PayPal, of course, but whenever possible it should be approached in a way that protects us as much as possible. Take forum trading, for example, no one can scam anyone if we use escrow - even if it's about Bitcoin transactions. If you are buying something online and paying with BTC and there is no possibility of escrow, then first research the seller and start with a smaller amount.

People get scammed only because they do not know what they are doing, and if they send coins to cloud mining, investments that pay 10% per day on deposit or to some Nigerian prince - then they can only cry and play that song.

And again I ask you what does the telephone directory have to do with the fact that in this particular case it is about people who bought a hardware wallet? Is there any information in the telephone directory or has there ever been information that someone bought gold, an expensive watch, a valuable piece of art perhaps?

It is really not clear to me that you are drawing a parallel between the telephone directory (which is a public database) and data that should be secret for quite logical reasons. I don't want a public directory with my information stating that I own a hardware wallet or have a safe in my apartment.

We can’t know for sure, though I wouldn’t be at all surprised if they really do that - therefore, it would be really desirable to have some possibility to determine whether all the funds of their users are really in hot/cold wallets or are being invested without their consent. Is there any external audit in the US to determine if they are really doing what they present to the public or if things are actually completely different?

 

You're right, I forgot how much the user's data is worth, and it's a public secret that no one protects that data in the way it's stated in the privacy policy. I'm glad I've never created an account there or on a similar platform, and I honestly don't like so much centralization at all - in the long run, if people don't get smart, companies like this will really have too much of an impact on Bitcoin.

A large percentage of users of this forum have certainly encountered faucet in their beginnings of interest in cryptocurrencies, which is quite natural. Faucets were created as an idea to promote Bitcoin, so one faucet gave as much as 5 BTC for one claim - if you don't believe it, we saved it for history -> http://web.archive.org/web/20100703032414/http://freebitcoins.appspot.com/

But from a fiat value perspective, faucets always paid little to their customers, but the values changed with the price increase - so 5 years ago it was normal for a claim to be between 1000 and 10 000 satoshi (no short links) and it was possible daily for 2-3 hours to collect a few hundred thousand satoshi or even a lot more with referrals. Although there are thousands of faucets even today, not only are the amounts they pay miserable, but the process itself is extremely difficult because most faucets have very awkward short links that can be a real nightmare.

Faucets can be profitable for owners in some cases, but the average user may benefit if he keeps what he has collected for several years - similar to what has happened in the past - the price of BTC was jump from $200 to $20 000 in 3 years.

It follows from the above data that a very large part of crypto owners do not want to be responsible for the security of their BTC, but shift this responsibility to in this case some kind of crypto bank. But Coinbase and similar large exchanges are very interested in users using them as wallets, not just as buying or selling platforms - which is kind of weird if we know what a delicate business this is.

Traditional banks, of course, have a financial interest in keeping their customers 'money because they charge for it through various services - but they also use clients' money for various investments. What does Coinbase, on the other hand, have to do with keeping 98% of its user funds in cold storage - other than the fact that something could go wrong at any moment?

What really worries me (although I don't know how much can be done in practice) is that the authorities of any country say that BTC is illegal and seize all funds at a crypto exchange - then maybe people will learn what it means not to own private keys.

This procedure should be mandatory for anyone who cares about their safety, because as we know, Google Play is full of malicious content that is easily placed there. I agree that sometimes it is better to use a link from the official site, but you should definitely be careful that it is not a phishing site - because hackers also use this vector of attack.

If you already use mobile crypto wallets, do not store large quantities of coins in them - and never make copies of your main wallets using seed or private keys on mobile wallets - this is wrong and dangerous.

It’s a lot easier to write that something is "gross stupidity", rather than realistically looking at the facts for which something needs to be taken into account. Like it or not, the fact is that most of the world revolves around what's going on in the US - and although I don't like it, I accept that it's a reality. If their banks have received a license for custody crypto services, this is without a doubt very positive news for them and for all global investors, after the same thing happened in Germany at the beginning of the year.

If you live in the belief that something important is happening in the world today without the influence of the US, then the US-China trade war is just a fabrication of the media, the sanctions for which hundreds of millions of people suffer are also not true.

If, by any chance, Bitcoin in the USA experienced a fate like in China, I would ask you what would happen then - progress or something else?

If we were to single out any important news that appeared recently in the media space then it would be just this -> Banks in US Can Now Offer Crypto Custody Services. We all know that in spite of everything, the USA is in a way perhaps the most important market when it comes to crypto, although some may not agree with it. Again, on the other hand, it is an indisputable fact that Coinbase (the largest crypto exchange) is located there, as well as that 80% of all crypto ATMs are in that country. If we add to this that all eyes are on the SEC when it comes to the possible approval of the Bitcoin ETF, I would say a lot of crypto related stuff revolves around the USA.

However, the real reasons may be a bit different, because the games that take place in the background are not known to us - but it is more than obvious that there is a lot of money behind everything.

Change address is part of your wallet (in this case BitGo) and funds that go to change address should be visible on your overall balance at the moment you click send button. That coins never even left your wallet, but as LoyceV says they are only the result of the distribution of your funds between all the inputs you have created over time (incoming transactions) and the outgoing transaction in which you sent 0.05 BTC.

Since it was not possible to send exactly 0.05 BTC, part of the coins had to be returned to your change address - just like when you have to pay $7 and you have a $10 bill - you get the rest of $3 back.

I may once have believed that hardware wallets are impenetrable if used in accordance with all the rules, but over time I increasingly doubt that this is the case. Technology is advancing unstoppably, but not only for the manufacturers of such devices, but also for those who are trying in all possible ways to break their protection. Attack vectors that require physical contact with the device worry me less than some possible remote attacks that could in some way seriously compromise the security of the hardware wallets. Therefore, it is only right to always doubt everything and try to minimize the risk.

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I think I was pretty clear about that, but you're obviously going in the wrong direction all the time. 9500 Ledger customers are potentially compromised because their data has been stolen (not just email, but full/last name, physical address, mobile phone number). This opens up opportunities not only for physical attacks, but also for various other methods of social engineering that includes not only e-mail spam/phishing, but also all other methods that can be performed via a mobile number or physical address.

By the way, I don't think there's anything funny here - but if it entertains you, enjoy it.

Don't be so sure about it, because if profit comes first (and that's an indisputable fact) then it doesn't matter at all how that same profit is made. It would not be justified to say that someone wanted a pandemic (although conspiracy theorists would not agree), but if it has already happened, it should be used as much as possible.

It is also more than obvious that this situation will change some business segments and greatly affect human habits in the future. Although we are already deep in the digital age, now it will be even more pronounced because in the fear of some new pandemics, social contacts will be less and less desirable and a lot of things will simply move online. Those who have already found their place in this business are already profiting, those who do not adapt will surely disappear completely.

Of course, there is a suspicion of what is happening with the donated funds, but I think that some members really tried to document every step and thus show what the money was spent on. I have also participated in some charities, and I am quite satisfied with the level of transparency they have shown - but it should be emphasized that these are members who are Hero/Legendary and also DT members with a certain reputation.

I will just say that some members of this forum have shown more professionalism and transparency than most so-called charities worldwide. If UNICEF is spent at least 50% of what they get from donations then thousands of children would not die every day from hunger and curable diseases.

Experienced investors bought BTC a few months ago when its price dropped to just $4000, or during 2018/2019 when the price was even lower than that, and they don’t care too much about the +/- 5% price change today. Of course there are those who buy only when the price goes up hoping for a quick profit, but unfortunately for them things like this happen.

Long-term investment may not make much difference if the entry point is at $9000 or $11 000, but I would not agree that now is the right time to invest - because in the short term the price may be below $10 000 in a few days. Some seem to have forgotten the pump from 2019, from April 1 to June 26 price is rise from $4000 to almost $14 000. Even then, there was no obvious reason for such a pump - as there is none now, but as always, there is a lot of speculation.