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801  Other / Beginners & Help / Re: Basics of Crypto on: May 11, 2018, 02:14:44 AM
hi BQ I am tried for search general Bitcoin wallet, I decide that  I use Tezor wallet but I am confused  what the best wallet?

Hi, I can't tell you which one is the best, however, with both Trezor and Ledger Nano you can store Bitcoin.
I personally use Trezor!

I believe you'll be fine with either! Ledger Nano had a very long waiting time for deliveries, so that's why I went with Trezor. (not sure how long waiting time it is now).
Trezor is also open source which I like!

These are Hardware Wallets, as in you order and pay for a 'usb memory'(looks like one, is not one), that then has to be delivered to you.
Free and digital alternatives there's plenty of, you can find some here.

I have written a bit more detailed about wallets here!

802  Other / Serious discussion / Re: My theory: the GAMING INDUSTRY will be BTC strongest ALLY in the upcoming years. on: May 11, 2018, 02:06:39 AM
If you mean that players are going to use computer power while playing a game to mine bitcoin, they'd earn so very very little bitcoin that they'd earn far more by collecting bottles.
It'd definitely be more rewarding to use crypto to pay for items, as well as using blockchain to track inventory and items. This is already in works I think by various projects aiming to achieve just that.
I don't know who Bitcoin's strongest ally will be, but it's not going to be people playing games on their computers.
The crypto market is growing almost exponentially, and more and more projects and companies are launching and adopting crypto/btc in various ways.

I remember Digibyte were supposed to have some Minecraft server you could turn diamonds into DGB or something like that, seems like that project died.  Huh
Either way, we surely have an interesting future for crypto as it becomes more adopted and used in everyday products and as payment methods.

Perhaps, a new type of crypto could be launched, which games could somehow integrate with, where ingame actions result in this crypto, and also it'd be the only way to acquire it..
not so much for monetary gain, more as some type of intertwined gaming-payment-platform where you can sell items from one game and buy stuff in another game.
That could be cool. Although the companies launching the games wouldn't earn from that, unless they're taking some fee from each transaction.
803  Other / Off-topic / Re: Human's immortality on: May 11, 2018, 01:59:52 AM
If we could live forever, there'd not be much point to live in the first place.
Plus, at some point, all life in the universe shall die. Unless we bypass that.

But why, what's the point?
Part of life is death, so better start living!

Here's a really interesting little story
804  Other / Meta / Re: All About Merit. on: May 11, 2018, 01:31:38 AM
I see why people dislike it, since it makes it harder to earn via bounties.
But, using this system, it rewards good posts, and therefore, the content quality is raised.
That's good, since this isn't makemoneybyspam.org, it's bitcoin and talk!
I originally joined for bounties just as many other users, however, lately I've mostly been trying to discuss bitcoin and crypto in general.
I mean, this forum dates back to the birth of bitcoin, all the information is right here! It seems like it's a bit of a shame to let it all kinda decay into a forum filled with bounty-spam and people asking what merit is.
But, it is contained, mostly!

There are some really high quality content in this forum on any and all crypto-aspects, and we can all contribute in some way.
805  Other / Beginners & Help / Re: Basics of Crypto on: May 10, 2018, 11:23:22 PM
Quote
Why do people want Bitcoin?
Well, why do you want Bitcoin?
A lot of crypto value comes from Speculation.

Did you mean people want Bitcoin because it could make them rich?



I didn't mean that; I ment it as a way to consider where value comes from.
If someone wants Bitcoin, for whatever reason, there's value.
I do know many people invest soley for value, not sure what you mean with your question, it sounds like you want to imply people investing in Bitcoin are Not doing it to become rich?
Surely, you're right, but many people(atleast the recent influx) do invest to become rich?
It's a 'store of value', 'digital gold' etc  Huh
806  Other / Beginners & Help / Basics of Crypto on: May 10, 2018, 09:01:31 PM
Short intro
There's a lot for one to grasp about crypto.
Blockchains, wallets, various techniques to ensure the networks processing(PoS, PoW), privacy, ICOs, supply, coins, tokens, etc
A beginner doesn't necessarily need to know everything, and it can be overwhelming.
I, for sure, don't know everything! Probably closer to nothing.
But, I wish crypto a good future, and I want to try and do my part as I see many questions every day in this Beginner & Help category, asking what to do, how to do it, where to start etc.
I might very well be wrong on some points here, please mention it if you notice anything and I will edit it!



What is crypto?
Crypto as we define the word in here, was born with Bitcoin.
Bitcoin utilizes cryptography to prove transactions.
From a simple perspective to understand the value of trustlessness, transactions made by a user can be proven to indeed have been confirmed by the user thanks to it being possible to cryptographically prove that a transaction was verified with a 'private key', without actually knowing the private key.

This means that people can be certain that they're in charge of their crypto funds, without requiring some type of safe-keeping by a bank or other middleman entity.


Why do we not want a middleman?
A middleman such a bank, keeps your money 'safe'.
If you wish to commit a transaction, you need to inform the bank of this, and verify yourself in some way.
The bank then ensures that you have the funds, and then commits your transaction.

However, since the bank is in control at all times, that means you are not in control of your own money.
Surely, a regular person generally doesn't need to worry, but in the big perspective, it's harmful and unnecessary that a middleman is in control of everyone's money.
Remember the previous bank crashes? Banks can play outside the safe area, and if they get burned, it's the people who ends up having to bail them out.

Simply put, at all times, you need to trust and rely on whoever is holding your money, and they can at any point in time, limit you.
Thanks to law backing and general bank-lobbying, the system is not made to work for you - perhaps it should work for noone, but we can be certain, it works for the banks.
This applies beyond banks aswell, any sort of entity that is a middleman, profits from user-user, user-company transactions, without actually doing anything.

What can we do with crypto?
With crypto, we have a immutable & decentralized ledger system.
A ledger is a system for keeping economic transactions.
This is partly what a bank does.
Such as this:
You create a bank account [0 money in account]
You receive 100 money [100 money in account]
You send 50 money [50 money in account]
Other person has +50 money [+50 money in his account]

This is basically a system to keep track of funds.
WIth a bank however, this is only numbers in a centralized database.
While it's not likely, the point has to be made that they can willingly freeze, remove, or lock your funds.

Crypto works the same way.
The name 'blockchain', what does it mean?
It's a chain of blocks!  Wink

Each block contains transaction information.
Transactions made are added into each block, and then verified by nodes on the network.
When the block is confirmed, it's attached to the chain, and will forever be verifiable by anyone who cares to look at it.

There's the Genesis Block, the first block in the blockchain.
Every single node in the network, has a copy of the ledger, dating all the way back to the genesis block.
This allows every single node to look back in the history, and confirm any and all transactions, it allows anyone to see who sent what to who, and that way, it can 100% be confirmed that a transaction is valid.
The good part? Noone can edit it! Noone can freeze someone's funds, noone can edit it.

You might think, you can spin up a node and simply broadcast that your wallet has 1000 BTC and you wish to transfer this somewhere.
When this broadcast reaches the rest of the network, everyone looks back in history to confirm whether or not this is a valid transaction.
Since it's not, it'll be ignored.
The only way to pass a false transaction, is by controlling >50% of the nodes.
That's why the decentralization is very important in crypto! The bigger the network, the better the safety.
However, even if someone temporarily gained >50% of the nodes, the moment he lost power, every other node would simply drop the false blocks since the data you submitted with your >50% nodes, aren't valid back to the genesis block!

Importance of Decentralization
Anyone can (with a bit of money) start their own node, and get paid for processing the network transactions.
It's important that people do this, spread out around the world, to ensure that the network stays safe.
There's a risk that those who hold a large part of the network, could start manipulating it, or even take it hostage.
If a big part of the nodes stopped mining, the block difficulty would still remain the same, which would mean it would take days or weeks or even months before the difficulty is adjusted.
This would set a full stop for all transactions!

Crypto allows anyone to be in control of their funds, and that is truly beautiful.
If we stick to Bitcoin, it allows anyone to transact Bitcoin to anyone else in the world, without anyone having a say about it.
We can completely cut out the middleman, ensuring our own safety and peace of mind.



How to get started?
Generally, most people wants to earn money.
How do you know what to buy?

Some important concepts to understand in this market, which seem to be often misunderstood by new people, I shall try to explain:
Bitcoin was at one point worth much less than $1.
Today it's $9,100.
High point was close to $19,000.

What does this mean? Does this mean any coin can go from $1 to $19,000?
Does this mean Bitcoin will go to $190,000,000?
Maybe, maybe not.

Where does Bitcoin's value come from?
Where does any value come from?
Demand. If there's mass starvation, noone will care much about a bunch of dollar bills, right?

Why do people want Bitcoin?
Well, why do you want Bitcoin?
A lot of crypto value comes from Speculation.

People have seen what happened with Bitcoin, and many people hope it'll continue to go up.
People want to have Bitcoin, because of the trip it has taken.
What else?
Bitcoin is sometimes named as 'digital gold'.
Aslong as Bitcoin is desirable by people, we can expect the price to remain steady.
When bad news comes about regulation for example, people don't want to have Bitcoin before they know it's safe.
That's when the price drops.

Bitcoin's concept is sound, and therefore, Bitcoin has gained such traction in the world.
I can't tell you what to invest in.

How to know what to invest in?
What gain is there for anyone to tell you what to invest in?
Generally, none.

If I tell you to invest in Bitcoin, I don't gain anything from it, unless you invest tens or hundreds of millions of dollars.
Therefore, by telling you, the only thing I can gain is to have possibly caused you to lose money.

On an internet discussion forum however, it's different, since it's a discussion forum where people can discuss the potential future.
This also means that any sort of credibility is generally irrelevant, so take everything with a grain of salt!

The most important factors I find in regards to crypto investment:
NEVER invest more than you are willing to lose. There are absolutely zero guarantees Bitcoin will ever go $1 more than it is currently.
It can be likely, but it's not guaranteed. Don't play with money you need. If you do, don't complain when it's lost.

TRUST your investment, or you're in for a bad time. Crypto is very volatile. If you invest and see a -10% one day, and you have no idea what you're invested in,
you might sell off and quit and leave with 10% less money.

Regardless of what you invest in, make sure you understand:
WHAT it is you are investing, what the purpose of the investment is.
WHO or WHAT drives the project towards it's purpose.
WHERE the value comes from.

If you're investing in an early project, you shouldn't throw money on a project just because it uses 'buzz words' or because it 'sounds good'.
Make sure the team is there, that they're capable, and legit.
Make sure the project has a purpose, and a reason to exist. Do we need to count bananas on the blockchain? No!
Make sure you understand where the value comes from. If you hold a Bitcoin, how do you know the 'market cap' can't rise and yet leave you with a loss?

Market Cap
Market cap in crypto on a site such as coinmarketcap.com, shows how much every 'asset' in circulation of the crypto, is worth.
If there's 100 Bitcoin's circulating, and I pay $1 for one, then the market cap is $100.

This is very, very important for new people to understand.
Popular example:
One TRON costs $0.078289.
What prevents TRON from being worth $9,100, just like Bitcoin?
The supply.
There's 65,748,111,645 TRON-tokens in circulation.
If the price of TRON went to, even $10, that'd mean that the market cap of TRON would be:
$650,748,111,645.
That's 5 times Bitcoin's current marketcap.

I think it's important to mention, because I see so many new people fall in the trap of "what is the cheapest coin?".
It's a stupid question. If you have one banana and there's 100 bananas, you have 1/100 of the value.
However, if there's a billion bananas, people don't care as much for your banana.

Important note however, is that - even if TRON at $10 would mean 5 times Bitcoin's market cap today, in 5 years, $10 TRON could maybe be spot #10 overall.
However, be logical - at $1,000 per TRON, the market cap would be so large that we'd at that point probably have TRON as the world currency and having completely left any other currency-markets.

Summary:
Don't invest in something just because someone tells you to.
Make sure you understand what you're investing in.
Analyze the purpose.
Ensure you understand the economics of your investment

Great, what's next?
If you now feel that you understand some basic things about crypto, it's time to getting some crypto.
There's various ways, and currently, the most common way is still using a middleman. Exchanges.

Exchanges such as coinbase.com, kraken.com, and many more, allows you to give them fiat, and in return, you get some numbers on their website.
These numbers represent the money you paid them, and you trust that they'll allow you to use it to buy crypto.

If you head over to an exchange, deposit money, you can then start buying some crypto.
Generally, the largest fiat-handling exchanges, only lists the most popular coins.
Coinbase for example, has:
Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic.

If you want something else, you'll have to go elsewhere.
Binance is very popular, and I'd like to mention huobi.pro as they have a lot of listed crypto, but with much lower fees.

So, lets pretend you want TRON(I don't suggest investing in TRON; I personally despite it, but I'm just continuing on the previous example).
TRON is not on Coinbase, however, it's on Binance, which doesn't handle fiat.
What do you do then?

Why is Bitcoin controlling the market?
Currently, the #1 way for any crypto to be obtainable on the market, is by trading Bitcoin to it.
Many sites also allows Ethereum to be traded.
(Trading Pairs).
So this means that you can purchase Bitcoin from Coinbase.com and transfer it to for example Binance, and then trade your Bitcoin to TRON.

What does a transfer mean? That brings us to..
Wallets
A wallet is a pair of keys, specifically, a Public and a Private key.
Just to make it easier to understand, a Public key is basically your 'username', and the Private key is the 'password'.
If you wish to receive funds to your wallet, you'd provide someone with your public key.
Whoever has the private key, has full control of the wallet contents.
This private key is used to sign transactions, basically verifying that you are indeed the owner of this wallet.

What an exchange does, as a middleman, is generate wallets for you.
On Coinbase, they create a Bitcoin wallet when you purchase Bitcoin.
They allocate your Bitcoin wallet, with the amount of Bitcoin you purchased.
However, they are still in control - you only have the Public Key!(at most), allowing you to deposit Bitcoin aswell.
The same goes for Huobi, Binance etc - they create wallets, you get the public key.

So, continuing on the Coinbase transaction:
Register on Huobi/Binance, go to Balances, find Bitcoin, and click Deposit.
You'll see your Public Key to your Wallet, which they created for you, simply copy it.
Return to Coinbase, go to to your Bitcoin Wallet, click Send, and paste in your Huobi/Binance wallet.
Once this is sent, if you entered a wrong address - it's gone!
Hopefully, you entered the correct address, and soon, you'll have Bitcoin in your Huobi/Binance wallet, ready to trade to TRON.

Once the funds arrive, head on over to the Exchange-part of the Exchange.
Find the TRON/BTC page. Generally, you can place an order, to buy at a LOWER amount than current price, basically hoping that the TRON price drops in relation to BTC.
You can also simply market-buy(buy at current price).
In the future, you can sell your TRON the same way - either at market price, or on a higher amount than current price, hoping it'll go up and you make a profit.

Once you've bought your TRON, you should be able to see them under the Balance view on Huobi/Binance.
Here comes the interesting, and very important part.

Keeping your funds safe
You can leave your crypto there on Huobi/Binance, in their control.
This is just the same as a bank - probably less credible. You hope that they'll keep your funds safe.
if they are hacked, or simply take it and leave, you're out of luck(generally, laws might hunt them).
You are also promoting the middleman-aspect.

What else is there?
You can create your own wallet, and with that, you'll be in charge!

There are multiple types of wallets.
Paper Wallets - generally what you say when you print out the wallet information on a piece of paper.
Hardware Wallets - like an USB-stick, with it's own little computer inside, that ensures your private key stays safe, and makes it easier to handle.
Software Wallets - a software you run on your computer to do your transactions.
Web Wallets - a web version.
Other alternatives - such as using MetaMask(a web browser plugin for Ethereum).

Depending on what crypto you have, you need different wallets.
You can't send Ethereum to your Bitcoin wallet.
You can send TRON to your Ethereum wallet. Why?
TRON is a token on the Ethereum blockchain.

Generally:
A coin = depending on context, means Bitcoin, or any coin running on it's own blockchain.
An altcoin = depending on context, it could be a coin running on it's own blockchain, or a fork of another coin.
A token = 'lives' on another coins blockchain, basically serving no purpose except being an asset to whatever project it's tied(like TRON).

Either way, security is important.
If you wish to print out a wallet, you need to be certain your computer is completely safe of viruses, or you can assume, that you've already lost your funds.
(I have written a guide about wallet-safe keeping in general here)

For this guide, I'll continue with the TRON example.
If you wish to hold your tokens yourself, you'd need a wallet.
A hardware wallet(look my wallet thread for options)  is purchased by a company such as Trezor or Ledger.
Since this takes time, I will continue with the most simple method:
MyEtherWallet. (the same concept works for Bitcoin, you can look at: https://bitcoin.org/en/choose-your-wallet)
www.myetherwallet.com will guide you through generating your first wallet.

Whatever you do, ensure you keep your Private Key safe.
If you misplace it, the money is gone, forever.

To make this easier, there's Seed Phrases, basically a set of words that combined make up your private key.
This is part of the myetherwallet.com guide.

I cover Wallet-generation in my other thread which I linked up there, so I won't go through the steps, since it's also clearly written on myetherwallet.

The concept is simple:
You generate your wallet, you see a Public + Private key.
Enter your Public Key on Huobi/Binance, and withdraw your TRON.
A few minutes later, you should have your TRON in your wallet.
Now, noone on earth can do anything with your TRON, without your Private Key.
So, again! Ensure you have the private key safely stored somewhere.

If you wish to send your TRON back to Binance, or somewhere else, to sell it, you simply login via MyEtherWallet, click Send, enter your ETH-Wallet adress from the Huobi/Binance Balance-view, and send it.
A few minutes later, it's there!

A few links:
Some tips regarding analysing ICOs(which would also apply any crypto project)
General Crypto Safety + Wallet Guide
Choosing your Bitcoin wallet
Coinbase
Huobi Exchange
Binance Exchange
A good collection of Bitcoin information
807  Bitcoin / Bitcoin Discussion / Re: Can we remove @Bitcoin on twitter on: May 10, 2018, 07:13:44 PM
I think bitcoin cash will be real bitcoin in near future..I don't think BTC will hit $100000 but BCH will hit it definitely..what you think about that...just wait and watch the drama bitween BTC and BCH..... Grin Grin Grin

You should elaborate as to why you believe this!
It's a discussion forum!
I'd be very interested to hear why you believe Bitcoin Cash will overtake Bitcoin, and even reach $100,000 per coin.
808  Other / Beginners & Help / Re: Is it a good way to start earning coins by doing Airdrop & Bounty ? on: May 10, 2018, 07:08:04 PM
A good thing to know when using the forum is to search!
There's already a thread much like this one, on the first page of this category!
https://bitcointalk.org/index.php?topic=3693561
it contains alot of good stuff! Smiley
809  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Main information about the most popular exchanges! on: May 10, 2018, 06:48:58 PM
Great guide!
I'd just like to add in huobi.pro as an alternative to Binance, much lower withdrawal fees, but big volume and many coins.
810  Other / Beginners & Help / Re: Whats the first thing to begin crypto with As A Newbie? on: May 10, 2018, 05:56:38 PM
As everyone else has said HCP gave you a solid starting point for sure. Everytime someone asks me how they should get their start in cryptocurrency, the first suggestion I give to them is to read the original Bitcoin whitepaper. You can go here to read it - https://bitcoin.org/bitcoin.pdf . Now something else that I always suggest to people is to go back and read through the original email threads that Satoshi went back and forth with developers and interested parties; they've asked just about every question you can think of and it will save you a lot of time in understanding Bitcoin. https://satoshi.nakamotoinstitute.org/emails/cryptography/ That website in general is a wealth of information to get some fundamentals down. I can't stress enough how important it is to understand the original intentions, principals and plans.

Could you by any chance link the email threads you are referring to? I tried searching 'satoshi email threads' but didn't find anything,
sounds very interesting, and thank you for those links!
811  Other / Beginners & Help / Re: Whats the first thing to begin crypto with As A Newbie? on: May 10, 2018, 01:56:05 PM
I think doing bounty would be the best option. Most of the airdrops are trashcoins, plus it'll just waste your time, or possibly get your info in exchange for a trashcoin. ICO would be a great option if you can and want to put out some cash, but most newbies don't really want to since they're new. They still need proof if crypto is legit or not. Bounty would be the best option if you don't really want to put out some cash. Besides, while you're doing bounty, you'll be reading posts, threads, and topics from here. Not only you'll gain profit, you'll also gain knowledge.

Is everyone specifically talking about bounty here because we are on this forum, or why? I mean, OP didn't say he didn't have money or could invest.
To start earning in crypto is hardly done by relying on bounties? (It's a question!)
812  Bitcoin / Hardware wallets / Re: Ledger Nano Lost Seed Words on: May 10, 2018, 03:06:46 AM
Not much to be done in hindsight, sadly (and possibly thankfully since it would jeopardize crypto if one could just bypass all security of a physical device! Lips sealed)
To mention on earlier topic, there was actually some guy with a Trezor a while back who lost his pin and somehow (with help) managed to get the PIN-code out of the device after alot of work.
But this was patched, and we can assume that any active exploit isn't common knowledge, since it requires a lot of knowledge in the first place.
And also, it's Trezor, not Nano Ledger.
Nano Ledger is Closed-Source so it'd seem much more difficult to "reverse engineer".

With a seed phrase, you can recover your private key, but that obviously doesn't help much in this case.  Undecided

However, hopefully you only uninstalled something and didn't lose actual access.
If you do get your access back, send your BTC somewhere, generate a new wallet, send it back, and keep that seed phrase safe and in multiple locations!
(online is fine if you make sure you encrypt it, or jumble it with a dictionary or something along those lines).

A few months old discussion about someone losing his seed phrase
Long and interesting story of the guy with his Trezor
813  Alternate cryptocurrencies / Bounties (Altcoins) / Re: Phantom Airdrop Nano + Monero Hybrid on: May 10, 2018, 02:45:58 AM
I really like the idea of distributing 95% evenly, as that's very important and a reason why many new coins will never be "the one", simply due to the consequences of a small amount of people holding a large amount of the supply!
This sounds very interesting and I hope I can check it out.
Could there be some more information?
814  Other / Beginners & Help / Re: Whats the first thing to begin crypto with As A Newbie? on: May 10, 2018, 02:23:03 AM
I think what HCP said is good! Make sure you understand what crypto is about, don't just see it as some investment.
Crypto is the next big thing! First we had computers, then the internet, and then came crypto(decentralization, trustless, no single entity).
Investing time into learning and understanding it, will give you a head start for the future.


And finally, "Airdrop, ICO and Bounty" are the three least important things!
Airdrops are just a generally small amount of tokens tied to a newly started project, which means it's not worth much, might be in the future - however, an airdrop likely won't mean much anyway.
ICOs are like investing in a company startup, and in return, you get tokens. This is a gamble, because 90% of startups fail, and that surely applies in crypto aswell. (get the odds on your side by doing your research)
Bounties is the same idea as airdrops, but you have to do stuff to get the tokens. I hear people can earn a fair share of money on that.

ICOs also logically will take a good while to take off, since they're in their startup phase when you invest.
Either way, it's your research that matters - if you trust what a random person says about an ICO/coin/an investment in general, then you are bound to lose sooner or later.
Research everything, the project, the team, is the team legit? is the project good? is there a reason for it to exist (as a coin/token)?
What's the coin economy like, how many coins are created, how many are held by the team, when are new coins put in circulation,
where does the value come from, etc etc - the more you research, the better you can trust your investment.
(this applies to all investments, not only ICOs)

If you have a small amount of money to invest, ICO's could be a good way to go about it,
or find an already launched, but early stage project, and invest in it.

Whatever you do, be certain you are 100% trusting your investment, otherwise you will likely end up panic selling or making a bad decision in general related to your investment.
If you are just holding, you need to be able to hold through the bad times.
You can try trading, but it's easy to lose.

If you have a good amount of money, you could put it in to one of the larger and more established crypto's, for a smaller risk.

Either way, there's literally thousands of various coins/tokens/blockchain-related projects out there.
(a bit like the IT bubble), sooner or later, the large majority of those projects will be gone.
Who'll be the next (crypto equivalent of) Google, Microsoft, Amazon, etc? do your research and you might find out!

Ultimately, it's up to you -
assume that when a stranger on the internet tells you about a project, he is in some way gaining from it, otherwise, why would he take his time/why would he want to give the knowledge away, instead of accumulating himself?
Referring to people saying buy this ICO, buy this superlow market cap coin, and such
Sure, people saying "buy btc" won't gain anything from a couple of hundred/thousand bucks going in, so those you could trust.
Still, make sure you know why you invest in bitcoin, don't just do it because someone told you it's cool and good.


You are in charge of your crypto(if you hold it in a wallet), therefore, you are the only point of failure(99,9%).
No bank can help you if you lose your funds. It's up to you how much time you put into ensuring you understand what you're doing.

You are in charge of your investment, if you give away your money to a bad investment, it's gone.
If you lose access to your crypto, send it to someone wrongly, give away your private key, get hacked etc - it's gone.
(I have some tips for security in my link at the bottom)

That's the beauty of crypto in my opinion!

and really, do look up crypto in general - don't just put some money in Coinbase and buy ETH and go afk -
read about it, understand why it exists, what it enables - it's very fascinating.

I also made a guide explaining some wallet/safety stuff, but you probably don't understand much if you read it right now, you need to learn the basics (wallets, blockchains etc as HCP said)
https://bitcointalk.org/index.php?topic=3576100
815  Bitcoin / Bitcoin Discussion / Re: Keep safe your Bitcoin from hacker on: May 09, 2018, 10:48:54 PM
Here is a thread containing some more tips:
https://bitcointalk.org/index.php?topic=3576100
816  Other / Beginners & Help / Re: (eth) wallet + general safety tips on: May 09, 2018, 08:12:22 PM
Yeah they can use USDT but that's just really another cryptocurrency and I certainly do not trust USDT although sometimes I'm forced into using it. I definitely think it's not safe to have a lot of USDT because it can collapse at any moment. Personally if I want to hold fiat for long periods of time I use bitstamp or any other exchange that supports real USD.

I see, about trusting USDT, are you referring to the idea of having one pegged to USDT or do you mean the company backing USDT isn't trustworthy?
I know there were lots of discussion about USDT in the start of the year, but seems like nothing bad came from the audit?
also isn't there a couple of new various real-world currency pegged crypto? I think so, like DAI is one.
although I'm not qualified to say which one is better of anything like that, what is your opinion?
817  Other / Beginners & Help / Re: Which wallet should i send my bounty rewards to? on: May 09, 2018, 08:07:53 PM
No reason to not just use one of your Ledger addresses?
You can login @ myetherwallet using your Ledger, so it's safe as far as private key exposure goes.
And, you should be able to generate as many wallet addresses as you want in the MEW UI once you're 'logged in'.

Here is some useful information on various wallets and safety: https://bitcointalk.org/index.php?topic=3576100
818  Other / Beginners & Help / Re: REGULATION OF CRYPTOCURRENCY on: May 08, 2018, 11:37:25 PM
A lot is going on regarding the regulation of cryptocurrency. Consequenly, a lot of questions are bugling the minds of crypto lovers and even new adopters.
1. What does regulation mean for cryptocurrency?
2.Do you think this will have positive or negative impact on the cryptocurrency world?
3. With regulation, will the aim of the founders of Bitcoin be defeated?

Give your take on this issue as a way of encouraging people who are still skeptical about cryptocurrency.

Recently, we have been seeing a lot of news regarding the regulation of the cryptocurrency but can cryptocurrency be truly regulated or essentially wiped out of its existence? I don’t think so. Cryptocurrency is designed to be decentralized, which means there will not be any central authority which could have total control over it ( in contrast to your day to day currencies issued by the government ). There isn’t any central location that the government could simply shutdown ( unless every single country in the world agree to crackdown all crypto-related entities and business at once which is highly unlikely ) Even if a country decided to ban all crypto related activity (like what China did), all it takes is just a VPN and you will be able to continue transacting on other international platforms.

Besides, tracking a specific crypto wallet although is not impossible, would be very difficult when it comes to connecting a particular address to an identity in the real world. Not to mention a simple VPN or a proxy server could be used to obfuscate the location of an individual.

One of the ways that governments will use in their attempt to regulate cryptocurrency is to make the process of converting cryptocurrency to fiat currency extremely difficult. But this would probably require a global endeavor. If a particular country is banning the conversion of cryptocurrency into the country’s currency, its citizens could simply bypass the restriction by converting their cryptocurrencies into other fiat currencies and then back to their home currency. It will be troublesome, but not impossible. In the short term, this could be some unpleasant experience but in the long term cashing out might not be a problem at all.  If we were to reach a point where all major merchants start accepting transactions in cryptocurrencies and you could essentially purchase almost everything with crypto, why would you need traditional currencies anymore? 😉

That is the ultimate revolution that we all dream of!

Just something I'd like to mention in regard to your post:
as Satoshi said, in 20 years Bitcoin would have alot of volume or no volume, which probably applies to crypto in general too
sure, Bitcoin started out small, but if more and more countries made it very difficult to obtain crypto legally, that'd block a very big portion of potential adoption.
this would probably mean that in the end, Bitcoin would be as it started - a small group of people use it to pay eachother, and the value could still slowly creep down and at some point people could just stop using it completely?

I mean, if Bitcoin is to reach a lot of volume, it'd require adoption, which won't happen if many countries end up banning crypto, even if VPN is an option.

And, tracking crypto is also something which would be rather easy as long as people don't use a privacy coin I think, again with reference to "the average user" incase of adoption, they would probably not want to go through difficult channels just to sell/buy crypto, that'd mean going through an exchange = generally have to provide private info, especially for when cashing out.

the other option, like localbitcoins, incase it was "outlawed", there'd probably be many 'sting operations' and such.. really, it does seem quite easy to severely wound crypto in general, if this was wanted by the (first) world,
however as you say, it can't truly be killed, but at some point it'd just be so few users that there'd be little reason to continue.

(my uneducated opinion)
819  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: The Problem of Ether on: May 08, 2018, 11:29:50 PM
isn't this more relevant to Bitcoin?
820  Other / Beginners & Help / Re: Bitcoin is a bubble or not ? on: May 08, 2018, 11:08:32 PM
Considering the entire crypto marketcap is lower than HALF of Apple's marketcap, I think the answer is no! ("Apple has a Market Cap of 909.89B")
See all the projects built around crypto, in a few years there'll be many new Apple-level companies operating on blockchain technology.
if you specifically mean Bitcoin, still no, since all crypto still so far is kinda tied to Bitcoin!
See how few projects actually has released, or atleast finished, any products. This year, it's starting.
And the next years to come, we'll surely see a gigantic growth of crypto overall.

But for Bitcoin's faith, who knows what'll happen, if crypto in general untethers from Bitcoin, Bitcoin might slowly but steadily fall behind.
(unqualified opinion)
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