People are constantly trading in and out of shitcoins like ethereum which generates a lot more fees for Coinbase.
Coinbase, Binance, etc. are like the Las Vegas of crypto, and gambling is a lucrative business which is why they promote it.

Unlike bitcoin, shitcoins aren't treated as a store of value that people tend to keep as a long term investment.
If Bitcoin is digital gold than shitcoins are comparable to meme stocks or penny stocks. The shitcoin market is little more
than a digital casino. No one even knows what shitcoins are good for, they just like to speculate on them for
short term gain (or usually losses).

Shitcoins should be called VC coins or Wall Street coins because that is exactly what they are.
They were created by venture capital out of thin air to dump onto retail aka the dumb money.

Good luck with that mate. This Howells guy is always good for a laugh.  

The search area has one hundred thousand tons of garbage?
Even if it was capable of digging which I doubt, one robot dog can't possibly search
through that much stuff by itself. He's going to need at least a hundred robots,
with each one costing several thousand dollars. And they all have to be
charged and maintained every day. What happens if it rains on them?

Even with all that the search would still take months if not years.

I still get scam emails or texts on occasion, most of them have nothing to do with bitcoin or crypto.
They are such obvious scams to me it's hard imagine anyone falling for them, but it's usually the elderly
that will fall for them. I tell my elderly parents to never click on any email or text links, and always
check the address of the sender.

Young people can be naive and fall for them as well, but high school and college students tend to not have
much money so scammers aren't usually interested in targeting them.

That is why you should never enter your passphrase into a hot wallet, only a hardware wallet.

You can leave a small amount of funds in the main wallet (or hot wallet) for doing smaller transactions.
You use that as the bait. If the funds in the main wallet are ever swept then you know your seedphrase has been compromised.
And it is time to move your funds (in the passphrase wallet) to a new wallet.

A fake or scam app can gain access to your phone, but it will never know your passphrase.
Which of course should only be stored in your brain and not on any devices.
You can write it down somewhere safe as a physical backup in case your memory should ever fail you.




That is true, but sometimes even smart people do careless or dumb things.
A passphrase can save someone from their own stupidity.

A couple says they downloaded a bitcoin wallet app from the Apple store that turned out to be a fake
that scammed them out of their bitcoin. So don't assume just because you got it from the Apple or Android store it is safe.
They have millions of apps in their stores, so I think it is impossible for them to fully evaluate every single one for security,
and some scam apps or even many may slip through.

Scammed Out Of 7.4 Bitcoin and Entire Life Savings
(Youtube)

Sparrow is a legit bitcoin wallet, but it is a desktop-only wallet. There is no mobile version of it.
So if you find one in the Apple or Play store you know it is a fake.

Anyone with large amounts of bitcoin in self-custody should be using the passphrase feature IMO,
so they can't steal your bitcoin with just the seedphrase alone. It is your last line of defense.

The Apple App Store is Home to Many Scam Apps

You have to manually install TOR on your client to use it with Start9, so no need to turn it off if you never installed it.
Look under System-->About to find your LAN address to connect without using TOR.

Bitcoin Knots is under the community registry menu. Click on "change" to switch to it.
For more information go to the technical support forum.


 

Often times it is caused by longs getting liquidated. When there aren't enough shorts to cover all the long payouts,
market makers will come in to "fix" the problem, the longs get liquidated and price dumps.

The opposite happens when the short side is top heavy, market makers rush in creating a short squeeze that sends the price upward.
Which is basically why playing with leverage is a bad idea either way, but fools never learn. There is no such thing as a free lunch.

People's greed will get the best of them.

With Start9 TOR is optional for accessing your server remotely, using an onion address provided by electrum.
For local network access you don't need it, a LAN address is provided to you.

I installed and run Bitcoin Knots with Start9 on a mini pc. I highly recommend Bitcoin Knots over Core.
I have no experience with Umbrel. It took me little more than 1 day to download the blockchain with a
very fast internet connection (1gbps).

I would suggest upgrading your internet speed if possible if it's anything less than 200mbps, at least temporarily.
Otherwise you could be waiting many days if not weeks, and if something goes wrong during the download you
don't want to have to start all over again.

From what I understand that's how it works for in-kind redemptions, but check with your bitcoin ETF provider or broker for details.
The SEC just approved it a few days ago. You still can't do in-kind redemptions for gold ETFs, unless you're an institutional investor,
so that is a big advantage of bitcoin over gold.

Why? Because bitcoin can be sent very easily and cheaply to anyone in the world, but delivering physical gold to someone that is
hundreds or thousands of miles away, or even in another country is very difficult and expensive.  

The other great benefit of in-kind redemptions is the potential for tax deferral.
Redeeming for bitcoin doesn't trigger a taxable event, only when or if you want sell it for cash.

 

If you aren't inclined to go through the rather steep learning curve of self-custody,
it wouldn't be a bad time to invest in spot bitcoin ETFs.

The SEC recently approved the option for in-kind redemptions in the US, so you have
the option to redeem for real bitcoin instead of just cash like before.

This gives you confidence they aren't just paper bitcoin products but fully backed by the real thing.

You don't know that, which is why it is better to be prepared as best as possible. Better to be safe than sorry.
The quantum breakthough could come at any moment. It is impossible to predict when that moment will come.
It could be 10 years from now or it could be in ten days, or it could be never.

Unless you are a psychic no one can predict the future of when or if the quantum threat will be real.




Then why are you here arguing with me? If you don't have the answer to the
very simple question that I asked then don't waste my time.

Why anyone would trust a casino is beyond me. Gambling is just stupid in general.
People who run casinos tend to be very shady, and online casinos are much worse.

When you are in a physical casino at least you can see what the dealer and other players
are doing, but with online casinos you can't see what anyone is doing. Which is probably the
main reason they are illegal in the US.

Brick and mortar casinos are still rigged against you, but much less so than online casinos.
On top of that, you have to worry about the website giving you viruses and malware.

Been using sparrow for years, never heard of it being used as a hot wallet.
Either way I have never used it as one, but arguing about it is pointless. Doesn't answer
my original question which is very simple (what does a public key look like).

Israel has targeted journalists and aid workers and is still violently preventing aid from getting
through to relieve widespread famine. Ethnic cleansing doesn't get anymore obvious and vicious than that.

Anyone who is dumb enough to use an online casino deserve what they get.

What do you call that then if not genocide? Fifty-thousand is a shockingly high number of (nearly all) civilian deaths.
Indiscriminate killing of civilian population probably qualifies as ethnic cleansing.
And the killings are still ongoing and shows no signs of stopping. It could be 50,000 dead today,
and 100,000 or more by the end of the year.

Hundreds of journalists have been murdered by Israeli forces, so no one knows the real numbers of dead.
So the current 50,000 dead figure could be much higher today given the fog of war and Israel's efforts
to suppress the news.

If this doesn't end soon, in 5 to 10 years there could be a million dead or two million.
It seems to me Israel won't stop until there is no one left alive.









 

Yeah sorry I meant public key. I mistyped.

Sparrow isn't a hot wallet. It requires a physical hardware wallet to sign transactions.
(It's just an interface and management tool).

---

If I knew how to use a block explorer I wouldn't be in the tech support forum asking the question.
They don't exactly come with instructions (but they probably should).


Let me put it very simply for anyone who knows, what does a public key look like? What is an example of one?

So simply move every UTXO in my sparrow wallet to a brand new address or addresses?
Because the new address is only receiving, hasn't been spent from yet? I think I got it.

So the private key public key that was previously exposed is useless to a hacker, since it no longer has any bitcoin?

EDIT: correction