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1  Bitcoin / Wallet software / (Advice Needed) Running A node and getting paid into your Hardware wallet on: June 10, 2024, 09:47:30 AM
First the first time in a long time, I was stuck in a decision making with my hot wallet and hardware wallet.

This days we all know that running a node to earn passive income is becoming a thing, while majority of the nodes are profitable for the early buyers, I decide to take this risk after seeing a pal of mine making good amount of money running few nodes.

I decide to buy a node, and I was left with an option to connect wallet to start receiving the node payouts, since this payout can keep going on for years I doubt that my hot wallet can always be with me in few more years since they are more likely to get compromised.

My brain went straight to my hardware wallet, I trust it more than my hot wallet, but here is the thing, I don't want to connect my hardware wallet to pay for the Node and start receiving the payment.

Is this the right calling? Because I always know that not interacting with any platform using your hardware wallet is a good safety practice.

How will you go about this if you are in my shoe right now?
2  Other / Beginners & Help / Make this an habit on: May 31, 2024, 01:04:59 PM
Extra security precaution is not bad at all, if you are with me on this one then let's go.

For all hot wallet users, this advice is a plus and if you carefully think about it you will see how helpful this can be..

We are used to importing Recovery seeds typing typing the words using the keyboard on our phones but how about using the screen to fill the complete words instead?

Even if your keyboard is spying on you this will prevent it from happening.



As you can see from the image, you don't need to type out Guard or Guitar, all you need to type using your keyboard is the first and second alphabet, select the rest using the wallet words guesses to complete the words.

Your keyboard won't know the full words as many words start with the letter G and U, and also other words.

Make this an habit.
3  Bitcoin / Bitcoin Discussion / If this is doable what will you add or remove? on: May 21, 2024, 12:10:21 PM
Let's all pretend to be a developer for today, and I have a question for you all.

If you are to add 1 thing to Bitcoin what will it be? And also if you are to remove just one thing from Bitcoin what will it be?

4  Other / Beginners & Help / A known enemy can easily be defeated on: May 21, 2024, 06:36:52 AM
I have a younger brother who lives in the US and yesterday he told me about a call he received saying that he can get his lost coins back and all he needs to do is submit his wallet address.

Before saying that I am a fool, I know this is a scam, but I need to ask about what could possibly go wrong if he submit a wallet address? I did told him to submit a random wallet address that is empty with no single transactions in the past though but I can't stop thinking what this could lead to.

If you know their trick you can always be ahead of them and possibly be able to Warn others too, I am just wondering what they could possibly have in mind, I think they will track his transactions to know his worth. Or there is more? What do you think?

5  Economy / Gambling discussion / Peoples expectations about casinos free spins on: May 09, 2024, 09:31:06 AM
What do you guys think that free spins are supposed to be like?

Have you ever used free spin to make money? At least a noticeable amount and withdraw it?

If you are running a new online casino will you feel good to give money away for free through free spins?

Here is my own believe, I hardly believe in free spins, because even if it turns out fine it's free money, and free money without breaking a sweat feels wrong with me, I believe this path is for the greedy people.

Free spins are not supposed to enrich you, take them as a demo to see how the online casino feels like.

What about you ? How do you feel about about free spins?
6  Bitcoin / Bitcoin Discussion / What I experienced since the past two days now on: May 09, 2024, 08:21:24 AM
To cut this story short, it turned out that my trusted neigboir whom I have few times vouched for to be a bitcoin investor is a online scammer who collect Bitcoin from his victims, until he was bursted 2 days ago, it was around 5am in the morning when the raid happened in our compound, I couldn't say anything about this since there is no concrete information about what he did yet until later.

I was so shocked because I don't look at him like this, I was still planning to go to a nearby secondary school with this neigbour of mine and teach students about bitcoin, I have already talked to their principal and he said he will give me a date when I can come.

My neighbour have been scamming some foreigners for the past years as per the information I got from one of the hunt squad and he is storing the Bitcoin in a hardware wallet, funny thing is I was the one that gave him the idea to store Bitcoin in hardware wallet so keep it safer.

Now I sat back and think about a few arguments we had in the past, remember when the forum stop supporting mixers? It was in that period, he was so supportive of mixers like it is a must but I kept saying that I have no reasons to use mixers, I could have been suspicious of him then but I trusted him.

Many people are going to hate me for this but I don't blame the law for going after mixers and privacy featured wallets in crypto space, if you believe that you are clean it is only to yourself, the other users might not, you really can't tell who to trust or not.

Many people are criminals in disguise and they are ruining bitcoin name by scamming people using Bitcoin as if it is a safe pass to scam people for free and get away with it, so no wonder that the government hates Mixers and privacy in this space, who is to be blame if not for our people who are criminals in disguise?

Not all Bitcoin investors are real investors, some are just hiding and pretending to be Bitcoin real investors, even if they are close to you, it doesn't mean they are clean, many good people want privacy and mixers to prevail but I wonder how when bad people are taking advantage of these features to steal from others.
7  Other / Beginners & Help / Learn a skill instead, you will be set for life. on: May 07, 2024, 06:46:53 AM
Hi everyone, here is another example why you can't and shouldn't launder money using cryptocurrency.

https://crypto.news/heir-to-cartier-empire-arrested-for-attempted-money-laundering-using-usdt/

Many newbies and beginners believe that crypto is a way they can move funds without the government knowing, you are wrong, in fact crypto is a very bad way of laundering money, everything you do can be traced.

This guy is charged with drug trafficking and laundering of funds using USDT, I can't stop laughing when I read this news, USDT that's even wired to clap on illegal funds, it is centralized in and out.

If your source of money is not clean, crypto is not your home, where you should feel safe.

Some people might say why USDT, but let me tell you, even with Bitcoin and others you can still be traced, you will leave some footprint behind, it could take longer but one day, you will make a mistake.

Abstain yourself from illegal ways of making money, learn a skill and you will be set for life.
8  Bitcoin / Mining / If you can't afford to pay for electricity don't do mining on: May 04, 2024, 06:49:45 AM
I have a friend in an African country called Ghana who is a crypto trader, days ago he called me to ask about Bitcoin mining and I am pretty sure that he is very interested and ready to spend a hefty amount of money, I was happy to be a part since he wants my advice on how to go about it.

What I don't like about the plan is how he wants to set up 20 Asic miners using illegal electricity, I told him to drop the idea, there is no way he won't be caught sooner or later, we are still on the matter, and I do hope he listens.


Fast forward to Yesterday, I saw this online, happening in Thailand right now, this wasn't the first time, months back, some illegal mining farms in Thailand were bursted, 40 Bitcoin miners here and another 50 in an underground area in different locations, now it is becoming a tug of war for Thailand government.




https://english.alarabiya.net/News/world/2024/05/03/thailand-police-raid-illegal-bitcoin-mining-operation-

I don't understand why people are becoming so greedy with Bitcoin mining.

How can you have the money to buy 690 Asic miners, thats millions of dollars and you plan to plug all these miners using illegal electricity? There is no way the electricity association won't know that something is up, it is only a matter of time.

Also, if one can have millions of dollars to invest in Asic miners, one won't be spending this much to buy lots of Solar panels at discounts from companies directly, maybe six figures in buying panels and it will do, then use the grid power at night and Pay For the Grid.

If you are doing this it is better to stop, or you might end up in the prison and you will lose a lot of money, your Asics will be destroyed or seized not never exist again,  it is not a must to start mining Bitcoin and if you want to do it, please do it the right way.

Abstain from illegal mining operations.

9  Bitcoin / Bitcoin Discussion / Would you advise a friend in the same way? on: April 05, 2024, 09:10:33 AM
Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.

I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.

Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.
10  Other / Beginners & Help / Why beginners must consider burner wallet on: March 13, 2024, 06:42:38 AM
I believe that many newbies that are coming into crypto today are not all well funded, many can't afford to DCA into any crypto projects, and they are left with a choice to hunt for free tokens through testnet tasks and airdrops, I started this way too and damn, it was a great time to be alive in 2017.

If you are new to crypto and airdrops and testnet are a must for you, please consider a burner wallet, or name it anything you want, e.g spare wallet, trash wallet etc.

This wallet must be use as your shield on the battle field, whenever you plan to join some tasks online, claim tokens or use a new Dex, it's smarter to consider using your burner wallet, whatever will happen happens to the burner wallet.

Someone very close to me got his wallet drained because of an NFT mint, the mistake he made was using his main wallet to do the minting, main wallets are meant to stay offline, even if you have to sell your coins in your main wallet I recommend moving some part into a burner wallet first and use the burner wallet to connect to the likes of PancakeSwap and Uniswap, today we have so many Dexes, just to be safe its better to go this route.

Let your burner wallet do the trades, the mint, and the free claims for you, this simply keeps you a step away from losing the digital assets in your main wallet.
11  Economy / Gambling discussion / If a addict lives within, which method would you choose to help them on: January 30, 2024, 10:20:31 AM
As a member of a family and there is a gambling addict within, which method do you think it's the best to rip off the addict from your family member?

1. Talk to them and don't leave their side for too long, show them some love and make sure they don't have anything to do with gambling ever again, be soft and gentle with them.

2. Be harsh about it, force them to quit, let them know that gambling isn't this safe, bounce on them all the time because you love them, don't go any soft on them, because been soft won't make them see reasons why it's bad to be a gambling addict.

Which do you think it's best? Some people do think that been soft and gentle will be more effective and some people think that been harder on them is the real love here, they need to make them stop by force.
 
What do you think?
12  Bitcoin / Bitcoin Discussion / There is nothing like it since the past 12 years on: January 27, 2024, 01:33:18 PM
I don't know who needs to hear this, I had no job when I started gathering some Bitcoin for long term hold, I looked wreteched for few years, I eat single meal per day, I looked old at a young age, like those who don't want me to carry on my BTC journey used to tell me, but in the end it all went well, where did I get my conviction? I had no other means to have a better future than this, it was like a do or die something for me then, something inside me just appreciate the existence of BTC, like I know something like it was coming to safe me, which I can't advice anyone to do the same today.

What I am saying here is that it's still doable if you have the conviction to make things happen, if you crave for changes you will go any lent to make things happen in the right manner and ways, but having a source of income will make things more easier for you, I still considered my story as a easy one because I had my father then, I had a roof over my head in my parents home, and also I don't pay any bills, it was just me and my stomach to feed and my BTC wallet to fill up.

For someone who came from poor home it will become a very big battle to conquer poverty, and for those who come from average or rich home, it becomes easier for them to have a better future because they will have more money to take risks, if you are from a home like mine, you need to strive hard, my battle took me three years, if I have never know Bitcoin and I decided to take the path that everyone in my country was into it would have been harder for me, judging from the present conditions of those who almost stopped my Bitcoin journey, I am not shaming anyone, I am just saying that Bitcoin is worth every shot.

Because since the past 12 years, there is no investment that does it better than Bitcoin, you can't find anything like this anywhere else, it's worth every fight and hustle, but your journey will be way easier if you have a source of income, don't give up, always give your best short, you are on the right path.
13  Other / Beginners & Help / Anyway to be smart about this? on: January 09, 2024, 09:22:33 AM
It's strange that I have never seen anyone ask me this question before until now, and I even try finding answers on here but with no luck.

A friend's crypto wallet was drained and there is a particular token he is staking, using this wallet, he already abandoned the crypto wallet but I am curious if there is anything I can do to help him?

What can someone do if a crypto wallet is compromised but the wallet owner is staking on such wallet still? The APY is coming in but we both curious how possible it can be to get the staked token after the period of staking is over, without ending with the hacker or whatever is fit for the drainer to be called.
14  Other / Beginners & Help / Safety first before accumulation, a lesson I learnt the hard way on: December 30, 2023, 10:20:45 AM
It feels so good when one is obsessed with gradually getting hands on sats every week for future Bitcoin holdings, I used to believe that this is the most important thing to do, but I was wrong.

I was able to remember how I have lost some crypto assets to scammers because of my crypto wallet private keys revealing one way or the other, I still remember losing $300 worth of Bitcoin in 2018 and also something similar happened in 2020 and even 2022.


The mistake I made


Every small $$$ was so damn important to me that I only care about buying Bitcoin, i ignored going for a hardware wallet, until I lost $2000 using a software wallet, this was so painful that I got mad and took out some money to purchase my first Hardware wallet, something that I should have bought right from the start.

Do not let the same thing happen to you before you know the importance of having a hardware wallet, I have always known that hardware wallet is the safest but I ignored it, thinking I can't afford it, and I could, but I don't want to leave my accumulation of Bitcoin behind and spend hundreds of dollars on a hardware wallet, few open source hardware wallet are not even up to hundreds of dollars.

If you can accumulate Bitcoin every week or months, brothers and sisters you can afford a hardware wallet, I know you have a goal, to reach 0.3 BTC but mind you, making sure you hold the 0.3BTC securely is the most important thing, don't work hard for scammers to reap your reward, safety first.

I repeat, safety should comes first, if you are a beginner, start saving up for a secured open source hardware wallet now, we are heading into 2024, add this up to your plans if you don't have the money now, the safety of your Bitcoin is what will count in the end, not how much you have accumulated and lost.

15  Bitcoin / Bitcoin Discussion / Risk only what you can afford to lose on: December 10, 2023, 10:14:18 AM
Let's talk about the king solution of keeping your Bitcoin safe, which to me is the airgapped hardware wallets but is it safe to say that they are 100% safe? I think the answer is no..

What and what is likely to go wrong with airgapped hardware wallets?

1. Cord connection: data can still be transmitted when connecting the hardware wallet to your PC.

2. SD Card: some comes with Sd card option for updating the hardware wallet, but I am not sure that using Sd card can always be safe either, I remember those days where I use to buy lots of Sd card because they have issues easily and also they get viruses easily. Old Symbian and Android users here?

3. QR Codes: honesty, QR codes are not readable by the eye, they comes with blocks like figures, there is no way to know what's written in that QR code anyway, there is no way to read it and know what kind of data is inside it.

4. You still have to rely on the company for future safetiness of the hardware wallet in terms of software updates, if someone hackers find a way to alter the upcoming update file you know what could happen.

The only healthy solution is to understand that there is no guarantee in crypto, risk only what you can afford to lose, even after every thing, something can still always go wrong.

You can limit the risk by choosing to not connect your hardware wallet to your PC or any PC for updates, use sdcards instead, but make sure you use a brand new Sdcard for your updates, once you use one for update today, store in a safe place simply for your hardware wallet updates only, do not use for saving files or downloading.

Do not scan QR code you find online, only scan when paying to another crypto wallet or you want to sell your BTC on an exchange, QR codes can come with malicious things too.

As for the software update from the companies, pray that nothing bad comes up from their side, I still strongly believe that they are the only thing that can easily messed up hardware wallet security.

Stay safe out there kings and happy holiday 🎅




16  Economy / Gambling discussion / Not this guy on: November 28, 2023, 09:41:55 AM
There is some certain amount of money that you will lose and you will be so pissed and probably quit, but not this guy.

I've been talking a lot about how people should learn to be a responsible gambler but there is a crazy gambler that I just meet, from a friends friend, the crazy thing about this person is how about how much he has lost in gambling, enough to go south in the ear of others and he has never made any big gains to cover what he has lost, the crazy part is...

This guy is giving me a weird vibe, like a different gambling breed, he knows he have the gambling addiction problem but he just doesn't care, like for real, he doesn't care, the amount he has lost is in six figures but very weird how he is able to handle it.

Some gamblers are different breed to be honest, they don't care about what their present situation is, if they are breathing they are good, anyone know crazy gambler who don't care if they lose big amount of money and they still gamble?

I've get to know that not all gamblers need to be a responsible gambler, some knows, they are not hypnotized by gambling, they are fully awake and they still choose to be a reckless gambler.
17  Economy / Gambling discussion / Is this a good advice? on: November 20, 2023, 11:42:12 AM
I keep seeing gamblers advising themselves that you are one step closer to winning the jackpot when you quit too early,  it's sad that they strongly believe this.

Is this true?

This advice is actually making gamblers believe that they can win when they spend a lot of more time in the casino, they strongly believe that not stopping or taking break will bring them closer to their jackpot.

One of em told me that this is why I don't win, that I only gamble when I feel like, he said constantly gambling is a must if you want to win, but I disagree, because I have seen too many people not knowing when to quit until it was too late.

To me, gambling is a theater, a form of entertainment that I pay for, not a way to get rich quick, for them it's a must to win by force, one question seem to change his mood though.

I asked him why he isn't rich yet if he is actively gambling everytime since all this while, this changed his mood and I took a turn.

18  Economy / Gambling discussion / Can loneliness make one addicted to gambling on: October 30, 2023, 06:51:14 AM
I'm confused and looking for answers

If you are lonely, can you have interest in gambling simply because of your loneliness?

How would you judge someone who says they don't gamble because it's fun, is that a sign of a gambling addiction?

If you are making $600 a day, that's $20000 in a month, and because you are only you start having interest to gamble, what do you think this is?

All these questions is been asked because someone close said all these and I think he are losing money and losing himself too, of all the discussions we had, these are the points I held unto.

Later he open up to have been using $500 for gambling per day, he said all these started when his wife left him, that he isn't into gambling at all, but I can't ask why his wife left him in the first place, but does loneliness make people become addicted to gambling or it's something else.
19  Economy / Gambling discussion / It's a strategy to lose on: October 10, 2023, 07:21:11 AM
Gambling is based on luck for real but that doesn't mean you should be dividing your attention into poker, soccer, horse racing, or roulette all at once, you need to choose a side and learn everything you can about the game. This is the mistake that many gamblers are making, they believe since it's all about luck they should expand the possibility to get lucky and it always end up badly for them.

It's no doubt that Poker for example is all about been cunning, logical and deception to gain power over your opponent, it's called upper advantage, this is way different from games like Blackjack, roulette or Slots.

So imagine doing all these together, most gambling games needs your understanding of the odds and taking them into account, especially when wagering, so how can a gambler get involved in all games at once just to increase their chances of getting lucky? Stop this as it's not a strategy to win, it's a strategy to lose.
20  Economy / Gambling discussion / Before you take sides on: October 02, 2023, 09:37:30 AM
We all know how people used to be protective when trying to explain how someone treated them badly, they always want to be the winner and if you are not smart you can fight the wrong war for them, later you will find out that they are the problem.

Gamblers are telling stories about how they got banned because they are winning too much, I will like to tell you not to believe everything people tell you, these stories typically have another side of the story, there is a high probability that these gamblers have broken some rules along the way.

For reputable casinos, banning players that have won a lot of money legally is bad for their business, the casinos knows that the word of the mouth spreads faster than anything, so I believe that a reputable casino do their strong research before they use their ban hammer.

Before you take sides with gamblers claiming they get banned for winning too much, remember that casinos are good at monitoring and preventing fraudulent behaviors, you break some rules you are out, and no cheater want to admit that they cheat.
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