You can just give them the SEED (12-24 words) and suggest them a few wallets to access their coins.
I disagree with it. They should learn to open an non custodial wallet since they are already teenagers. Sending them SEED wouldn't a good practise. If they aren't encouraged now then they will face problem near future to use of bitcoin and wallets. I think giving them the seed will force them to do some research and search the wallet on their own. They will choose the wallet that fit their needs. Giving them the seed is the same of giving them a paper wallet. For small amounts there is no problem at all. I have gave a few gifts to friends like this. Like 10 usd in bitcoin... I just gave them the seed which have addresses with balance. It is a nice and good practice imo, as it will incentive people to make research about it and learn more interesting aspects of bitcoin Additionally, as electrum has no iOS support there might be problems for many of those teenagers. Coinomi or Samourai might be a better choice. |
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Thanks for the advise I will try them . and as I said local exchanges only work in big amounts and I don't want to go through the whole process for something small (not sure if you get what Im saying sorry for the bad english) . no its not illegal to buy but there are some laws (and the whole idea is not to deal with anything that the government has its hand in it .) however mining recently became illegal
Why don't you try a bigger amount? Bitcoin is not that risky anymore. I believe that with 50 usd , or maybe 100, you can use an exchange. It is safer for you, and you will have a better experience. Just buy and move your coins to your wallet. You can try electrum.org |
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In a twist of fate, Youtube was sued by Ripple's Brad Garlinghouse. The lawsuit was filed Northern District of California. And it alleges that Youtube did not prevent those fake "The XRP Giveaway" that made rounds in their social media resulting to lost of millions of XRP to those cyber criminals. Here is the official documents: https://ripple.com/wp-content/uploads/2020/04/ECF-1-Complaint-20-cv-2747.pdfTo be honest, I really don't know if this will hold on court. But what we all know is that Youtube as of late is trying to clean up their mess by banning a lot of crypto channels. I don't think it will hold on court either. But it is good to see cryptocurrencies open lawsuits against google. Google is acting like a dictator, banning at will. Bitcoin and other cryptocurrencies and the blockchain technology may be a threat to google in the future, so there is a conflict of interests here. youtube is gonna point to the millions and millions of banned videos and accounts per year as evidence of their responsiveness. many well-known crypto youtubers such as tone vays have been recently caught in the web of bans. Google will probably win, but it will spend some money and time defending itself. If other companies do that as well, google might act different in the future. |
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unspendable means that you don't hold the private keys. This is wierd, because the seed should have returned them and blockchain.com should have recognized it.
I suppose you have a legacy address.
I suggest that you Downlaod iancoleman.io/bip39 website , run it in private mode and offline.
insert your words there and look for your address, in the bottom of the page.
You will find its private key there.
insert that private key in Electrum.org word, it will work (if you did everything correctly)
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With "saving wallets" where you deposit and gain interest over time. (5% interest per month at launch!.
Well, obviously it is some type of ponzi or scam. Maybe you are just dumb and you think that you can give people 5% a month. But you can't. The risks are enormous, and even if you don't plan to do this, you will end up running away with other people' money. I advice everyone to stay away from you and your projects and ideas. Any tips then to gain user trust?
Being trustful, what ofc you are not. You should study and understand the risks of what you are doing before asking for other people's money. |
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I believe you can try to buy peer to peer without KYC (Know your customer). You can try localbitcoins.com , if you find someone. alternatively, you can try to buy in this forum. You can try in the board Currency Exchange. Maybe you can find someone from Iran there. take a deep look in their trust profile, to see if the guy can be trusted or not. Can't you really give your documents to some reliable exchange to buy bitcoin? Is it illegal to buy bitcoin in Iran? |
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There's a hate to them but we can't deny that they can really pump the market especially bitcoin.
Um, how? They don't have any exchanges. Isn't binance a chinese exchange? There must be some exchanges in Hong Kong as well. Ofc there are chinese clients all over the world as well, like the miners for example. But anyway, I don't think there will be a huge price spike in a few days after the halving. Halving is already priced in. I expect some volatility, and maybe in long term (about 1-2 years) a price spike due to the smaller supply. But the market won't "fell" that smaller supply in day 1. Imo. |
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@OP
What kind of cold wallet do you want? How frequently do you transact?
Do you want the private keys to be stored on an offline computer? Or is a paper wallet a better option for you?
I think that if the OP is asking for information about which wallet should him use, he is not experienced enough to make a proper paper wallet. There are so many reports of users losing their funds because they didn't make a paper wallet properly. The best wallets for newbies and intermediate users is a hardware wallet, in my opinion. I will suggest Ledger Nano or Trezor. They are the best hardware wallets out there and both are pretty safe. You will not lose your funds and you will spend less than 100 usd. Instructions are pretty straight forward. |
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I started organising online sport quiz and the prizes are in Bitcoin for winners. Muy problem, only first priz goes with ledger nano harware but the other 6 winners are to be distributed via soft wallets.
You don't need to distribute Bitcoin with the software. You can just give them the SEED (12-24 words) and suggest them a few wallets to access their coins. I would suggest mobile wallets, as any teenager will have a mobile phone. Electrum, Mycellium, Samourai and Coinomi are easy to use and they have a mobile version for both Android and iOS. |
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How much does the community trust crypto banks? So if we look at how many people use P2P exchangers and through different methods, but could use a Bank account and buy and sell through a crypto Bank, when do you think people will give up exchangers in favor of crypto banks?
Can you give an example of a "crypto bank"? Never heard of them. Exchanges are the closest thing we have to a bank here, especially coinbase which has its custodial wallet. They are basically a bank, holding your funds for you. Exchanges are, imo, a necessity. We need them to buy and sell cryptocurrency with high volume and security. The problem is when people start using them as a bank, storing their coins. The risk is enormous, as those exchanges lack regulations they often run away with clients money. There were many exit scams in the past, and we will see more in the future. none of them is 100% safe imo. But there are better ones and worse ones,... |
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If you are looking for a smartcontract developer, you must post in the services section. Please be careful of anyone about the script code, at least you should know basically how the smartcontract script works.
You need to follow the advice of the guy you mentioned. Services board is the right place for this. You need to pay with BTC for that job. Someone is running a script on a ETH address1 where in any ETH received is immediately sent to another address. The address1 has some tokens inside as well, but they need ETH to be moved (gas fee). There in lies the challenge....
This is not a challenge, but a rule. Address1 must have some ETH to fuel its transaction. This cannot be changed. ETH is the gas that fuels ethereum network. |
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In my opinion, very high leverage on such small markets with low liquidity is like asking for disaster,
-snip-
Of course, all these problems don't help BTC to be a safe haven, but still, I personally think that volatility caused by high leveraged trades on the small BTC market is the key here. Wait man you are thinking the wrong way. Btc has no liquidity problems. Volume in the last 24h was 43 billion dollars. How can you say that it has low.liquidity? This makes absolutely no sense, as it is bigger than many stock exchanges around the world. It is bigger than Brazil stock exchange daily volume. Much bigger. Small bitcoin exchanges doesn't affect the market , you can just ignore them, as they don't play a big role in determining btc price or volatility Bitcoin capitalization should not be compared to stock market like this imo. London stock exchange was created in 1801. Sp500 is also very old and many others. There are thousands of companies there. Companies that have pretty high profits. Bitcoin will never have profit, because it is not a company. . Volume and market share of the largest companies of the world will always be higher than any safe haven |
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Acho que a maior vantagem do Bitcoin é a descentralização.
Esse lance de velocidade e escalabilidade é só marketing.
Olha ethereum por exemplo. Rápido e barato, etc..
Mas é a blockchain do Vitalik. Ele até já reverteu transações lá.
Nano iota etc são rápidos mas centralizados. E daí? Melhor usar visa então se v não se preocupa com descentralização.
De nada adianta sair da mao de governos pra empresas..
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BTC is highly concentrated and data show that almost 95% of BTC resources belong to a relatively small number of addresses. Such conditions give the market a 'kick' and increase greed. I don't fully agree. Ofc it is bad that there are addresses with high amount of coins, but most of those coins belongs to exchanges. Those coins do not belong to the same person, they are only custodial. Like GOLD etfs for example, which one custodial, like GLD or IAU, hold billions and billions of USD in Gold. To answer the question: can BTC really be a safe haven? we'll have to find out what is the main problem that keeps it far away from being one?
In my opinion, this is VOLATILITY.
Gold also has high volatility, not as high as btc ofc But I think volatility is not the major problem. As long as its volatility is not correlated to stock market, it can be somehow a safe haven. |
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Why would someone who knows how to get a fixed 200% return ask for someone else's money?
He might not be a scammer, but a complete idiot. Anyway it is a risky person to deal with. Flag supported.
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Might generate good % in 1-2 years if remains the same liquidity...
The problem is that "a good %" over 2 years is what? something like 8- 15% i guess. This is nothing if the coin price's drop 80% over 2 years. Imo, everyone should ignore characteristics such as staking and speed. Look for more important and less superficial fundamentals of a project. |
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Sure, you can send them to whatever address you want, but why? You'll use gas for no good reason... I have about 10 dead tokens, i really don't care. I just ignore them.
I believe he is talking about Meta Maska or MEW or some other wallet interface. I found a tutorial here about how to hide the tokens you don't want to see anymore. https://github.com/MetaMask/metamask-extension/pull/4482There is no need to spend gas sending them.  |
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The most reputable members of this forum, who would deserve a wiki page, would the first ones imo. Satoshi, Finn, maybe theymos. All those already have a page in the official forum wiki or in Wikipedia itself.
Personally I don't see much use in your wiki. If you start talking about less known members, but popular members here, it will be like Reputation board. a lot of drama, forum polictics, nobody like each other... etc
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Nunca levei fé nenhuma nessa moeda e por tabela eu já sabia que um dia ou outro ela ia pro ralo, junto dela também vai a miota que a algum tempo atrás estava todo mundo falando e hoje ta em decadência.
Não são todas assim? Não duvido nada que até ethereum suma daqui a um tempo... Não acho que sejam scams, mas projetos muito ousados que não conseguiram ser realizados conforme a equipe previu. |
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Can you send me a link about that. I didnt know that such big blockchains can just rollback because of some unsuitable situation. What was the amount hacked/stolen during dao hack?
You can read about it here https://medium.com/@ogucluturk/the-dao-hack-explained-unfortunate-take-off-of-smart-contracts-2bd8c8db3562By the time, the amount of Eth stolen was about 150million USD, it was the biggest ICO until its time. A group which was lead by Vitalik decided to fork Ethereum blockchain, adding an smartcontract which would allow holders of the private keys who had their funds stolen to get their amount of ETH back. (I couldn't find details about this in the website I linked you, but a google search can give you more details about how users recovered their coins) |
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