If that's your only worry you can update the ink every ten or so years, verify that the newly created paper works, and that should do it. Of course, that's assuming that stays your only worry. I wouldn't convert to metal, at an additional expense if that's your only concern. It doesn't even have to be ten years, it could be less. It really does depend on what you want to do, but changing to metal seems quite extreme if you don't need that. If you think that it could be exposed to certain elements, I'd say go for it.
You should probably have multiple backups in different places anyway, which could actually defeat the point of metal backups, as long as the paper versions are all secured.
Have multiple backups is good and checking usability of backups is good too. If a wallet on our device is still usable but our backups were damaged and can not be used when we check backups, we can make new backups to replace old ones. If we think backups can be used forever and don't check them regularly, when we need backups for recovery, we can have nightmare. Multiple backups are good to protect our funds when our device is broken and one of backups is damaged too. |
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- First layer wallet: 10% - 15% of my BTC in my mobile hot wallet (I love BlueWallet)
- Second layer wallet: ~30% of my BTC in a hardware wallet that connects to the internet via USB
- Non-circulating BTC: ~60% of my BTC in a cold storage air gapped device
You can classify it by your wallets for trading with Bitcoin and using Bitcoin for getting cash or buy goods, items and wallets for hodling. I don't think classifying them to first and second layer wallets is good and correct in technical terms. Hot and cold wallets are more correct. Hot wallets can be used for trading and regular using for payments. Cold wallets are safer and more relevant for hodling. With hardware wallets, you can use them for trading and holding too. [Guide] Secure air-gapped crypto wallet storage method |
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Some people, including myself, bought large amounts of Luna, taking advantage of the significantly low price with an extremely low budget and without having any expectations. I knowingly bought them, knowing that they were a lost cause, and because I anticipated that people would rush to buy them for whatever reason.
It is gambling if you catch a falling knife when it has yet touched the ground. It is good enough if you catch it at the ground but it is so challenging to know when to catch it safely. However, how are Luna and FTT not dead coins? Both have failed, and their developer is long gone; just because their price might be increasing and there's a possibility of taking advantage of it doesn't mean that it's still alive. There definitely is a possibility to yield large amounts of money, but from my perspective, it's way too risky.
LUNC Terra Classic is becoming a community led project and I think it will be fine. Separating it from UST and having support from community, nodes, exchanges to burn it, time will help it recover. LUNC won't be a dead coin and it will recover when people are greedy again. FTT is better than LUNC and I believe at the end of this fiasco, FTX exchange will be acquired by some entity and FTT will fly again. Last few days, rumours that FTX can retrieve enough capital to be solvent for users. People were greedy again and they gambled with FTT token. Today Bitcoin has a correction as predicted, altcoins will be bleeding today and tomorrow. |
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https://kycnot.me/ is a site with exchangers without KYC requirement on users. I have yet used Bitcoin ATMs but as I know you don't have to KYC to use Bitcoin ATMs. Some ATMs will require you to provide your phone number and that's it, no more personal information. Fortunately, with phone number, you can use 'burned' phone number for Bitcoin ATMs. You can buy and sell Bitcoins with Bitcoin ATMs so you can deposit your Bitcoins to the address given by Bitcoin ATM to sell your bitcoin. Sending it from Electrum wallet is easy.
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CBDC tracker from AtlanticCouncil.orgCBDCs no matter what technology governments want to and actually use, they will try to convince their citizens that they are applying blockchain for their CBDCs. It can be true or a lie and citizens will know about that. The interesting point is even if governments lie, they still promote blockchain technology. CBDCs will contribute to blockchain adoption in generally by exposing more people to that technology.
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I think my main issue with "Proof of Stake" is this : People with a lot of money, can derail a whole project ...if they use that toilet paper (Fiat) to get a big enough Stake.. to influence the outcome of decisions that are made with that project. It gives Fiat rich people or governments an easy opportunity to attack that technology. It is way more difficult to convert FIAT into a whole mining operation and to pay for the electricity to get enough hashing power to do the same with Bitcoin.  Who are rich enough to derail Proof of Stake PoS coins? Founder teams Developer teams Exchanges. Newbies can surprise if they know exchanges derail PoS coins a lot with their staking pools. The fiasco of FTX exchange, Terra Foundation Guard, Celsius, Three Arrows Capital and some big projects, ventures in 2022 are very red flags for PoS coins and risk of their centralized powers in operations of exchanges. With centralized power, Terra team successfully biased the vote for community to reach a solution for their fork from Terra to Terra Classic and now we have LUNA and LUNC. Even big altcoins like Ethereum and BNB (Binance token) are centralized too. Undoubtedly the only one cryptocurrency that has decentralized network is Bitcoin. |
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It is untrue for deterministic wallets because with them, if you have a master key or seed, you can have many child or grandchild keys from it. So your main task for security is secure your master key or seed. If you lose your master key or seed, you lose that wallet and all keys inside. Mastering Bitcoin, WalletsThe second type of wallet is a deterministic wallet, where all the keys are derived from a single master key, known as the seed. All the keys in this type of wallet are related to each other and can be generated again if one has the original seed. There are a number of different key derivation methods used in deterministic wallets. The most commonly used derivation method uses a tree-like structure and is known as a hierarchical deterministic or HD wallet.
See explanatory graphics for HD walletsWhen you open your account on a centralized exchange, they will assign one public receiving address for you that is derived from a likely grandchild private key. You don't own that key and your grandchild key belongs to a big wallet owned by that exchange. |
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Mostly my portfolio was in altcoins and many times I had 100% in altcoins. After learning my lesson many times, I realized that Bitcoin is the best and if you invest in cryptocurrency, Bitcoin should be your only one asset or a main asset for your portfolio.
Altcoins in bull runs or dead cat bounces can give higher profit but they are risky in downtrend. They can lose 90% to 99.9% of their values that you won't see in Bitcoin. In this bear market, I stored my capital in Bitcoin mainly (70%), stable coins (20%) and fiat currency (10%).
I need to have fiat currency for expenses or emergency. Stable coins help me to easily buy Bitcoin and cryptocurrency when I see opportunities.
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The data coincides largely with a 2020 table in this comparison. Now the interesting thing about this comparison is how these time references get shattered year after year, or using different equipment. This is Hive System’s 2022 equivalent table: Notice how, for example, a 12 character password maxed-out in complexity, takes 34K years to crack according to Statista’s chart, but the time goes down by over a factor of 10 in Hive’s 2022 table (3k years). Brute force password and time to break it depends on the complexity of a password and the calculation power of an equipment. A more powerful equipment, a shorter time o break a password with same complexity. You noticed a very good point that with same method but different equipments in calculation powers, a table would be different. It is reason for differences in two tables from Statista and Hive System. They are only one year different. So using a little bit longer than 12 characters for password with good complexity can help us have better password. I don't like to use password generator softwares but will try to use a long password with good complexity created by myself. I know advantage of password generated softwares but I'm more worrying about their data leaks. |
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Don't use websites or services that tell you to have paper wallet services for everyone. They can have backdoors on their websites and they can have your private keys or seeds while you're creating your wallets. Use high quality and trusted wallet softwares like Bitcoin Core, Electrum wallets. Download them, verify their PGP signatures. If you verify successfully, you can continue to use downloaded softwares and generate your wallets. When you create your wallets, do it offline. After that, make your backups on paper and you will have your own paper wallet. It is very safer than using website-based paper wallets. Verify your downloads [GUIDE] How to Safely Download and Verify ElectrumBitcoinCore.org |
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Bitcointalk Username: tbct_mt2
Bitcoin address: bc1qu7gx7msv7x46my7zma95tjs7neu3rws4nrj9cp
Merit earned in 120 days: 17
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I am still building my long term crypto portfolio and I've add almost all available crypto genres to my wallet including
• Play to Earn
• Move to Earn
Project developers and early investors will earn from late comers. You will have serious losses by holding Play to Earn, Move to Earn tokens. • Layer 0, 1, 2
I only know of Layer 1, Layer 2 projects. What is Layer 0? Invest in Layer 1 projects is better than Layer 2 projects. • A.I Projects
• Storage & Data etc
AI projects are hot lately but with Storage & Data projects, they are not new. I would like to choose Storage & Data projects with Proof of Work algorithms, not Proof of Stake algorithms. But I have not add any gambling token to my list at all, I went on coin market cap and I saw many gambling tokens, I never knew they are that much in number.
FUN token from Freebitco.inOWL token from Owl.games |
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The failure of centralized exchange only prove that centralized system aren't they way to go if the industry want to go far. Instead of we fighting for adoption through us giving up what makes the industry unique (which is it been decentralized) then to hell with their adoption.
Exchanges are so scam especially centralized exchanges but they have contributions to cryptocurrency ecosystem. There are scammers with decentralized exchanges too. Project teams can rug pulls on decentralized exchanges and people like projects that are listed on big centralized exchanges. They have more belief in CEX listed projects than only DEX listed projects. We can achieve adoption through peer to peer, it just might take longer to achieve but we can wait. The world isn't ending tomorrow and we have lots of time to build and strength the industry.
It is future but CEX and DEX will grow together and people will use both CEX and DEX. Who knows maybe the government are the ones sponsoring this centralized exchange to strengthen their fight against Bitcoin as all this centralized exchange do is to sell our data to the government so they can monitor our every move.
Governments receive tax from centralized exchanges and maybe lobby things from CEX teams too. |
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With only $26 is capital, you should not trade. Hold it and take profit when Bitcoin increases 20% or 30%. Trading with only $26 is wasting your time that can be used to learn more about Bitcoin, blockchain and hunt cryptocurrency jobs. When you get jobs in cryptocurrency, you can receive salary from your jobs and use it to buy Bitcoin. Learning, working and buying more Bitcoin is better than trading with $26. 0% trading fee won't be applied forever. [Information] Online Job Websites about Crypto and that pays in Crypto |
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The adoption in the country is partly driven by the pursuit to bypass sanctions and inflation. Although thier country has changed its stance in banning crypto since 2018, there is still no clarity of laws about BTC.
Like South Korea that run hacker teams to hack cryptocurrency projects and use it to fund their army programs. They did not publicly say that and did not make cryptocurrency, Bitcoin legal tender but they did it for their governments. Governments do not openly say BTC is free to be used by its citizen but there are growing merchants and users in the country afaik. There are also exchanges operating in the country but despite all these, using BTC will still be risky. You do need the government's clarity of their laws.
I agreed that governments in those countries are not stupid to say it is legal to use Bitcoin, cryptocurrency to their people. They want to fear as many citizens as possible. If all of citizens access Bitcoin and cryptocurrency, their central bank fiat currency will have less demand from citizens. |
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Bitcoin adoption in Iran can benefit their government than their citizens. Iran can avoid international sanctions and have income for their nuclear power, weapon development and trial programs.
Their announcement does not mean anything because they can accept Bitcoin silently.
Their citizens can use Bitcoin without acceptance from government and announcement of adoption or legal tender in future.
You don't need government allowance to use bitcoin.
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I completely agree that logically, we cannot blame Bitcoin and it's unfair for Bitcoin to suffer reputational and/or financial losses when a centralized exchange failed. Bitcoin is not a company managing exchanges and exchanges aren't managing Bitcoin either. They are causally unrelated.
Bitcoin is only one of cryptocurrencies on a centralized exchange. A collapse of any centralized exchange does not relate to Bitcoin. Bitcoin has its market, has its price and volatility. If a centralized exchange has bad fund management for themselves and for users, they are responsible for bank run, collapse anytime. They collapse usually not because of Bitcoin but because of tokens. Tokens are more easily to have dumps like Terra $LUNA, $UST, $FTT token from FTX exchange. Who will be able to dump $BTC from $17,000 to $1,700 in 24 hours? I believe we don't see it with Bitcoin nowadays and in future. With altcoins, we see a lot of dumps by panic sells, liquidations, rug pulls. |
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Its supply is only 21M bitcoins in total circulation in 2140. People lost their private keys, lost their bitcoins so total circulation, total supply would be smaller than 21M.
Will it come up and make new all time highs?
It depends on demand and supply. Supply is not change or if has changes, it will be lower supply by lost bitcoins. Demand will be bigger or smaller but I believe it would be bigger in future.
When demand is bigger, supply is the same or smaller, price must make new all time highs.
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