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1  Bitcoin / Bitcoin Discussion / Re: Simple and undeniable proof that Bitcoin is a scam on: December 04, 2018, 01:12:01 PM
Bitcoin is the most advanced value storing and transferring technology ever developed, making a sovereign store of value possible - no government or bank can censor your money - and it can be moved within minutes to any place on the planet, essentially making it a free alternative to offshore banking available to anyone. When you look at bitcoin as a technology within a certain socio-economic context it is obvious that bitcoin is greately underpriced, whether it is 3,000$ or 15,000$ for a bitcoin it is still underpriced.
2  Bitcoin / Bitcoin Discussion / Re: CoinDesk says - Crypto Winter Is Here and We Only Have Ourselves to Blame on: December 04, 2018, 01:08:41 PM
"Letís quit this ugly obsession with price. After all, it simply validates the notion that the benchmark that matters is not bitcoin or some other cryptocurrency but the U.S. dollar."

This is quite common sense and a position that has been presented for a very long time by lots of influential developers within the community. Personally I find this to be natural for anyone who's not here to just scrape some small amounts of fiat. The goal should be accumulating bitcoin and being obsessed about the USD pairing valuation is just high time preference.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: How can we protect ourselves from scam? on: November 18, 2018, 10:42:23 PM
Do your own research and if you are not qualified to do a research properly just stay away and don't take the risk. Generally don't trust random people online and verify everything by yourself. Applies also to basic stuf like not keeping funds on exchanges or only using fully open source wallets (Electrum, HODLER, Armory etc.) to be 100% sure what happens to your private keys.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: How safe is it to put everything in one cryptocurrency? on: November 18, 2018, 07:11:38 PM
Putting everything in Bitcoin is MUCH safer than putting some of it in altcoins. You can make money with altcoin trading but none of them comes nowhere near the store of value aspect of bitcoin. When it comes to long term investment bitcoin is the safest crypto option by a long stretch. Of course one cryptocurrency doesn't mean one wallet, you should it spread in many wallets (only open source wallets of course like Armory, Electrum, HODLER or running your own node with Bitcoin Qt), securing backups and so on.
5  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is it too late to start investing in cryptocurrency now? on: November 16, 2018, 03:10:01 PM
I'm bitcoin investors from 2012 and every bubble someone make the same question: is it too late? my anwer was and will be always no.

This technology is going to value trillions and not billions as it is now.

This. I 100% agree. We are still EXTREMELY early on the timeline of bitcoin adoption and the current price is hilariously low. People thinking it's too late to invest in cryptocurrency in 2018 are like people thinking it was too late to invent in car industry in 1910.
6  Economy / Speculation / Re: Bitcoin is going to either $10k or $3k by the end of 2018 on: November 16, 2018, 03:07:45 PM
"The bitcoin price will go either up or down".

That's a great observation and I definitely agree. The price will either rise or fall, and at the end of the year bitcoin will be worth either more or less dollars than it is now.

On another note, it really speaks volumes on how most people here have no prior experience in investment. Bitcoin goes down like 10% everyone freaks out and starts saying about how it's the end of cryptocurrency. Meanwhile the stocks of Activision Blizzard lost 40% in a month and I don't see investors freaking out and saying it's the end of video games.
7  Bitcoin / Bitcoin Discussion / Re: Simple Tips Keeping Your Bitcoin from Hackers. on: November 16, 2018, 01:50:00 PM
All the tips in this topic are great and very informative, should be compulsory for new crypto users to read and apply it. I would add one more tip:

Don't use closed source wallets, and especially never store large amounts of money in closed source wallets

This is not that much of a problem for people who only use bitcoin, because bitcoin has been around long enough so that most of the popular and established wallets like Armory, Electrum etc. are fully open source. But if you're like me and also use other coins and tokens, there's not that many options. The popular multiwallets are all closed source. There is never full source code for the current version on github, if you check it it's just pieces of code, or maybe code for some old release. I personally don't trust wallets like that, because I can never have 100% confidence in what happens to my private keys, where are they send, who can see them and so on. I currently use HODLER wallet because it was the only multiwallet I could find that you can go to github and compile the application from the source code by yourself.
8  Bitcoin / Bitcoin Discussion / Re: Will bitcoin be the currency of our future? on: November 16, 2018, 01:41:17 PM
Bitcoin already IS the currency of the future, and the future is now. But even most of the people who already own bitcoins don't use its full potential. Keeping money on exchanges, or using centralized KYC/AML exchanges at all, thinking about bitcoin only in terms of it current fiat price, worrying about bitcoin "regulations" and so on. The technology of the future is already here, but the minds of most people are still in the dark ages of fiat currency and it will take some time to fully understand the revolution we are living through.
9  Bitcoin / Legal / Re: How is bitcoin supposed to be? on: November 16, 2018, 01:34:24 PM
If you search at the google about bitcoin for criminals, there is a lot.
For example at this link https://www.thesun.co.uk/tech/5092224/criminals-use-bitcoin-for-dark-web-illegal-activity/amp/.
So if there is nothing correct regulations, maybe a lot of countries will be block this payment system.
And as the effects, price of BTC will be drop soon.
So let's start to discuss, what it the right regulations to avoid Bitcoin used as a payment for crime. 

Bitcoin is not a "payment system" like paypal. Bitcoin cannot be "blocked" by the governments. Bitcoin is designed to be sovereign money independent from the governments. OF COURSE bitcoin is used by criminals, by boy do i have a news for you: criminals use money and bitcoin is money.

As for what the right regulation would be is this: ZERO regulations, absolutely none regulations at all. But since the regulations won't work anyway, the governments can come up with any silliness they want.

10  Economy / Economics / Re: Bitcoin, Gold or Money? on: November 16, 2018, 01:18:17 PM
"Bitcoin or Money"? What does this even mean? Bitcoin IS Money. It is money that is not issued by central banks and backed by government. It is energy based and secured by mathematics. As long as you keep thinking about bitcoin as opposed to "actual money" I think you're still missing the point. Money is a technology that has specific goals. Storing value and exchanging it for goods and services. Bitcoin is able to fulfill these goals incomparably more efficient than both fiat and gold.

Bitcoin is The Actual Money.

Fiat is government issued numbers that can be used like actual money... until the country goes into hyperinflation because of the decisions of politicans and bankers... or until your bank, card company or payment service decides to block your account for any reason at all... and not before half of the fiat you earn is taken away from you through taxes.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: The End of Anonymity and the Start of Tax Hell for Crypto on: November 11, 2018, 11:04:16 PM
Just don't be lazy! Don't use KYC/AML centralized exchanges, don't use centralized & censorable shady crypto projects and only decentralized blockchains with long history of adoption like bitcoin or monero, stay away from closed source wallets and only use open source alternatives like HODLER, Electrum or just Bitcoin Qt, and how is the government or anyone else gonna stop it? Bitcoin was designed to not need government for permission.   Cool
12  Alternate cryptocurrencies / Altcoin Discussion / Re: Are you ready to use cryptocurrency in everyday life? on: November 11, 2018, 10:51:57 PM
Of course that I use cryptocurrency in every day life, why wouldn't I ? A lot of people are getting paid in cryptocurrency so it's natural we use it to buy stuff, tons of mainstream services and shops accept bitcoin, you can easily order a pizza or burger with it. The best part of using crypto is that as long as you pay attention to security (never keeping anything on exchanges and staying away from KYC/AML centralized exchanges in general, safely securing private keys, only using open source wallets like Armory, HODLER, Electrum etc) you can really sleep tight and don't have worries about your savings. With fiat you never know what the banks and governments can do, but with bitcoin your money is sovereign and backed by pure energy.  Cool Cool Cool
13  Other / Beginners & Help / Re: Which is the best online wallet for bitcoin? on: November 11, 2018, 10:37:41 PM
None! Don't use online wallets they are not safe. Someone mentioned Electrum, this is a good option if you only want to use bitcoin, if you also plan to use ETH, erc20 tokens or other altcoins HODLER is a good multiwallet option because unlike other multi wallets it is fully open source.
14  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Multicoin wallets on: November 06, 2018, 12:22:15 PM
I'm not a fan of closed source wallets as you can never know what's going on behind the scenes but I want to give them a try since I'm not planning to hold large amounts anyway.

I've managed to find Atomicwallet, Exodus and also Coinomi which is not out yet but from the screenshots they posted, it looks very promising. I want to know your thoughts on these wallets and others If you have as well.
If you not intent to hold big amount in those coins then you may try one of those,I believe that Coinomi wallet is better than other because which is considered as reputed multi coin wallet and it supports huge number of multiple cryptos as well but any way do it as your own risk.

By this logic it's okay to keep your cryptocurrency on Binance or Coinbase because they are "reputed". Closed source wallet like coinomi is no different than keeping money on exchange, you can't fully verify what happens to the private keys. You can lose funds any time and you just decide to believe in good intentions of some people you never even seen.

I've personally been very happy with Exodus, but I'm afraid that it's not fully open source.
Parts of the wallet are open source though and they're transparent about that fact.

Source:
https://support.exodus.io/article/89-is-exodus-open-source

I do want to check out Hodler, since it seems to be fully open source.

Exodus is a wallet that looks very nice and has a nice interface but I checked that link you provided and it says there: "If open source is a major source of impact for your choice in software, Exodus is not for you. " For me it means, "if you intend to use cryptocurrency, don't use this wallet".  Grin Maybe it's good for people who just started getting interested in cryptocurrency and want a nice looking app... but if you own more crypto you don't care about flashy looks, you just want to be able to 100% verify every aspect of security of your coins. People already learned to understand why you should never keep funds on an exchange, it's about time to start feeling the same about keeping funds on a closed source wallet.
15  Other / Archival / Re: Be Safe on: November 04, 2018, 03:58:29 PM
If you want to secure your funds then you have to be careful about hackers and scammers. You may surf random websites throughout the day but cannot be safe for your overall security. You need to take the proper protection of your assets, passwords, and wallets otherwise hackers will snatch your everything! So, everyone should learn how to be safe and sound. Buying a hardware wallet can be a good solution but still, people need to learn how to keep safe hardware wallets!

You say hardware wallets, but most people don't even care about choosing a good software wallet. I don't understand how people can not care about the security of their money so much as to choose closed source wallets? They can't verify what happens to the private keys and who sees them. When they import private keys to a closed source wallet essentially they can be giving them away to some random stranger. I believe that software wallets can be as secure as hardware wallets, but only if you use fully open source wallets with FULL source code for the current version available on GitHub, like Bitcoin Core, HODLER mulitwallet, Electrum etc. I don't get it how people can use a closed source wallet like Exodus just because it looks fancy...  Huh
16  Alternate cryptocurrencies / Altcoin Discussion / Re: Worried about Crypto currency future on: November 04, 2018, 03:30:51 PM
I have absolutely no worries concerning the very idea of cryptocurrency and its underlying fundamental of blockchain technology. The only worrying evolution is the expanse of centralized exchanges and close sourced applications. Crypto will have to go back to its cypherpunk roots - focus on privacy, censorship resistance, decentralization, open source. Unfortunately the spread of closed source, censorable and centralized solutions poses a significant danger that in the worst scenario people might get all their funds blocked or stolen. Personally I don't worry about the future of crypto currency, I only worry about the security of my funds and I try to minimize threats by staying away from centralized exchanges and closed source wallets, and using open source alternatives like HODLER multiwallet and decentralized exchanges.
17  Alternate cryptocurrencies / Altcoin Discussion / Re: Does making investment right now is still safe? on: November 04, 2018, 03:20:32 PM
All cryptocurrency fundamentals are still extremely bullish, and the the long term chart is also very optimistic. As long as you stick to projects with strong background - decentralized, established team, long history and so on - you will be fine. One thing that's making investing more dangerous than anything else is the fact that people neglect their security and use centralized exchanges and closed source wallets to hold funds there. If you don't own your private keys, or can't verify the source code of your wallet to see if you are the ONLY person to access the private keys, you can make the greatest investment decision ever and later find yourself with your account zeroed. Never store your funds on centralized exchanges and only use open source wallets (Bitcoin Qt, HODLER, Electrum etc) and you'll be safe. And always look for when wallets (especially multiwallets) market market themselves to be open source but really they are closed source.
18  Economy / Exchanges / Re: Coinbase opens a department in NY on: November 04, 2018, 03:00:53 PM
Most of the people would be excited by such a news but I'm not. I'm actually against everything that Coinbase does, they might be facilitating access to crypto and trading but from the way I see it, it seems like they are turning into a bank and that's something that shouldn't be found in the bitcoin scene.

Exchanges are exactly like banks. You don't own your private key and just depend on third trusted party, coinbase is a good exchange since they give good service for buying and selling. But it is not a good idea to store in exchanges since you don't have the full control over your fund. Even an exchange has a good reputation to trust with we are missing the point why Bitcoin is made which is to free us from thrid trusted party. It still best to choose a hardware wallet or an open source wallet like HODLER which also has retail feature to offer. Still, coinbase is good as exchange but not as a bank.

I also agree with this. Coinbase require you to subvert your privacy by enforcing KYC/AML. It goes against the principles of cryptocurrency, where the whole point is to provide sovereign, decentralized, censorship resistant money. With Coinbase, even if it is not compromised, your funds and account can be locked for any reason, and we've seen instances of it in the past. To ensure maximum security I would stick to using decentralized exchanges like Bisq or Localbitcoins and keeping your funds only in Open Source wallets like Bitcoin Qt for Bitcoin or HODLER for multiple coins and tokens.
19  Economy / Economics / Re: If you had 10000$ on: October 30, 2018, 02:50:59 PM
10,000 USD is not that much. I'd invest it in Bitcoin. At this price you can have 1 full bitcoin for 6,300 which is cheap. Remember that only 21 million people on the planet at most are theoretically able to own one full bitcoin. The remaining 3,700 I'd invest in bitcoin mining companies stocks to diversify a bit and give me some shorter time advantage, since stocks like that can short time go up more than bitcoin itself. GPU companies and energy companies are also good longer time investment.
20  Economy / Web Wallets / Re: What are the best bitcoin wallets? on: October 30, 2018, 02:28:32 PM
If you only use Bitcoin the best option is Bitcoin Qt (Bitcoin Core) and running a full node, if you hold large amounts of bitcoin running a full node is your best option to 100% verify all transactions by yourself. If you don't hold large amount or have bad internet connection that doesn't allow for downloading a full blockchain, choose smaller wallet like Electrum but always remember to only consider wallets that are fully open source. If you plan or using other cryptocurrencies and not only Bitcoin, HODLER Wallet is a good option since it is the only fully open source multiwallet.
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