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Author Topic: The Bitcoin mentorship experience.  (Read 183 times)
Ummsha (OP)
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September 21, 2024, 06:53:46 AM
Merited by Porfirii (1)
 #1

Good day everyone.

I want to share my experiences we had in occasion with my friend,I checked my friend's phone and I saw a bitcoin wallet in his phone though he doesn't know how to use it and he  has the prevelage to ask me how to use it then I went ahead and explained in details to him from the little experiences I have here.

Here are some comprehensive tips I gave him on how to use it.

Firstly:
I consider on highlighting him on:

>Wallet types (software, hardware, mobile, web) and there being used
>Wallet security measures (such as: encryption, cold storage e.t c)
> Transaction fees and confirmation times which is very important
>Bitcoin units (BTC, mBTC, satoshis) and more...

Then explained all these in details:
Create/restore wallet
Set password/PIN
Enable 2FA

Receive Bitcoin
Go to Receive
Copy Bitcoin address
Share with your sender

How to send Bitcoin
Go to [Send]
Enter recipient's address
Enter amount then you
Confirm it

  Note:
Use strong passwords/PIN
Enable 2FA
Update software
Backup regularly
Use secure internet

Keys terms
Private key
Public key (Bitcoin address)
Transaction ID (TXID)
Blockchain.

Please my good members of Bitcoin Forum,hope I have shared a well comprehensive quides with him?
Please if there's any additional guides from you am also eager to learn.
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September 21, 2024, 07:16:43 AM
 #2

In addition to what you wrote above, you should tell your friend to keep his seed phrase save where no one will have access to it. He should also have the three duplicates of his seed phrase by writing them on a piece of papers and keep them in three different locations far from each other so that if there is any natural disaster in his environment he can have access to his wallet.

If someone sees his see phrase, they can use it to access his wallet and steal his coins.

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PrivacyG
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September 21, 2024, 07:35:36 AM
 #3

If you are unsure yourself whether you taught him all you could, I really believe a better idea is to hand him out some comprehensive guides instead.  Particularly considering he is new to Bitcoin and he may need to read up multiple times on various subjects before he finally understands and remembers.  Giving him advice and instructions while being uncertain yourself could lead to a painful mistake.

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SatoPrincess
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September 21, 2024, 07:53:15 AM
 #4

OP you saw something that you probably shouldn’t have. You should teach your friend the importance of privacy. If you use a hot wallet, your device should not be accessible to everyone. Recent events have taught me to keep my bitcoin activities private because you never know what people’s intentions may be.

Please my good members of Bitcoin Forum,hope I have shared a well comprehensive quides with him?
My advice: Newbies stop teaching when you need to learn

Please if there's any additional guides from you am also eager to learn.
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September 21, 2024, 08:12:59 AM
 #5

I don't think it's a good idea to regularly backup your wallet because there's a risk someone will find your backup. One copy is enough, but if you want multiple copies, make sure to create a wallet with an extra word or passphrase as an extra layer of security. Make sure the passphrase is not included in your seed backup so that if it is compromised they cannot find your exact wallet. Two or three backups should be sufficient. As they mentioned, make sure to advise your friend to have a seed backup on the piece of paper.

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September 21, 2024, 08:27:00 AM
 #6

Well You missed #DYOR and not listening to bloggers
Most are the carrier of FUD.
Your friend needs to learn how to feed himself to prepare in case of a wind.
The thing is he can't learn everything once,  important thing is understanding privacy, security and what itself is Bitcoin.
You can't trust what you know nothing of
And won't hold or use what you don't trust. Don't forget to let him know about collections.
There are quite alot if things but both of you just have to research more and build your repository.

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September 21, 2024, 08:59:15 AM
Merited by hugeblack (4), Lucius (1), SquirrelJulietGarden (1)
 #7

Well You missed #DYOR and not listening to bloggers
Op might just be fishing merits. not much proof but op's post is more of the work of an Ai than his claims here (though all these are common knowledge for most people here, just the pattern of pf arrangement seems off). Search for the term using any ai Explain in detail, what is a bitcoin wallet and how to use it and you will get a similar design of ops post same pattern of arrangement...  Just little tweek from his end.



Well aside that, if what op claims is true then he also has to tell his friend that investing in Bitcoin without proper knowledge on how to secure it is risky. And his friend should try to make his own research before using his wallet. I don't think he had some plans with it in the first place. If not he would have made some research himself.


I don't think it's a good idea to regularly backup your wallet because there's a risk someone will find your backup. One copy is enough, but if you want multiple copies, make sure to create a wallet with an extra word or passphrase as an extra layer of security. Make sure the passphrase is not included in your seed backup so that if it is compromised they cannot find your exact wallet. Two or three backups should be sufficient. As they mentioned, make sure to advise your friend to have a seed backup on the piece of paper.

It's mostly likely the best practice to have more than one backup of your seedphrase. That's because just a copy can be lost to physical damage. For example haven written your seed on paper and then after a long time the ink starts to fade off. You don't even have to worry your self much as you have other copies kept somewhere.  You just have to make sure you keep these copies in places that are hidden and not know by anyone but you. Also places that aren't prone to natural disasters..

R


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September 21, 2024, 09:09:31 AM
 #8

Although the OP is asking whether he taught his friend good, and we all agree that he could've done it better, let's prevent the tree from letting us see the forest.

The guidelines he gave to him are correct, and although missed some crucial points related to security, newbies don't usually start holding a great portfolio, but enter slowly in the rabbit hole, so for a few satoshis it is ok.

He encouraged him to go from zero to something, to take the first step toward personal adoption. For more detailed knowledge, his friend still has a long way to go; a path that one has to walk oneself.

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September 24, 2024, 10:13:54 AM
Merited by SquirrelJulietGarden (1)
 #9

Good day everyone.
I want to share my experiences we had in occasion with my friend,I checked my friend's phone and I saw a bitcoin wallet in his phone though he doesn't know how to use it and he  has the prevelage to ask me how to use it then I went ahead and explained in details to him from the little experiences I have here.
~snip~


First of all, it's not polite to take someone's phone and see what someone has in it (at least not here where I live), and secondly, why would your "friend" have a BTC wallet on his smartphone if he doesn't know how to use it?



Op might just be fishing merits. not much proof but op's post is more of the work of an Ai than his claims here (though all these are common knowledge for most people here, just the pattern of pf arrangement seems off). Search for the term using any ai Explain in detail, what is a bitcoin wallet and how to use it and you will get a similar design of ops post same pattern of arrangement...  Just little tweek from his end.
~snip~


It seems he succeeded in that. Although the AI ​​detectors do not give a positive result, it seems that the post is the result of a combination of AI and, as you say, a little adjustment to make it seem more human.

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September 24, 2024, 10:57:02 AM
 #10

First of all, it's not polite to take someone's phone and see what someone has in it (at least not here where I live), and secondly, why would your "friend" have a BTC wallet on his smartphone if he doesn't know how to use it?

Finally, someone is having the same thought as mine. It baffles me how everyone is ignoring the part Op said he checked his friend phone and focus on adding to what he puts up there. Checking someone's phone is invasion of privacy that we should frown at. You don't just check people's phone to the extent of going to their wallet. What exactly are you looking for? It's not peculiar to where you live alone, it's a general ethic everywhere at least, for sane people.

 Grin Grin Maybe his friend is keeping the BTC wallet for fancy purpose or probably got the phone from someone who forgot to wipe out his wallet. That would be stupid of both of them thou. Some people choke their phone storage with unknown apps that they neither have no use of it, I'm not too surprised.











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SquirrelJulietGarden
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September 24, 2024, 11:14:49 AM
 #11

secondly, why would your "friend" have a BTC wallet on his smartphone if he doesn't know how to use it?
This point shows this story is unreal, it's Bitcoin mentoring fiction.

Quote
It seems he succeeded in that. Although the AI ​​detectors do not give a positive result, it seems that the post is the result of a combination of AI and, as you say, a little adjustment to make it seem more human.
I read that there are softwares, tools to humanize AI-generated content.

https://www.humanizeai.io/
https://www.humanizeai.pro/
https://stealthwriter.ai/

From AI, we have AI detectors and with Humanized AI, we will have Humanized-AI-detectors. What's next?

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Lucius
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September 25, 2024, 08:42:32 AM
 #12

First of all, it's not polite to take someone's phone and see what someone has in it (at least not here where I live), and secondly, why would your "friend" have a BTC wallet on his smartphone if he doesn't know how to use it?
Finally, someone is having the same thought as mine. It baffles me how everyone is ignoring the part Op said he checked his friend phone and focus on adding to what he puts up there.

People understand/protect their privacy in different ways, so maybe for some it's quite normal to take someone's phone and see what's in it, but I think that all today's smartphones have the ability to lock with a password or fingerprint and even if you take someone's phone, you won't be able to access it to nothing. For example, I always have a locked smartphone, and even if someone manages to unlock it, all important apps are additionally individually protected and the contents of all files are encrypted.



@SquirrelJulietGarden, there is always a chance that the story is real, but it must be admitted that some of the stories that can be read in this board are a little strange. However, it is up to each individual to decide whether they want to believe in something or not.

I honestly didn't know that such AI tools existed, but I'm not surprised that someone wants to "humanize" AI - honestly, the whole story has already become so repulsive and gloomy to me considering the direction in which it is developing.

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September 25, 2024, 08:55:23 AM
 #13

Please if there's any additional guides from you am also eager to learn.
[General] Bitcoin Wallets - Which, what, why?
This thread was last updated since 2020 and some of the information contained in it is no longer accurate or needs to be updated, so it is best to avoid relying on it.

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September 25, 2024, 11:29:11 AM
 #14

I am worried for your supposed friend for making his device accessible to anybody to see the contents of his phone without his permission. Owning a wallet goes beyond just knowing how to send and receive bitcoins, the owner of such wallet should be able to protect his private keys and even his device containing the wallet from third parties irrespective of the relationship he has with the third party.

I don't know how he was able to download a wallet when he does not know how to use it. In addition to what he's been taught so far, he should also be aware that he is a potential target for scammers now, therefore he should be careful of who he carries out transactions with and the kind of information he gives out to strangers

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SquirrelJulietGarden
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September 25, 2024, 12:20:32 PM
Merited by Lucius (1)
 #15

This thread was last updated since 2020 and some of the information contained in it is no longer accurate or needs to be updated, so it is best to avoid relying on it.
Lauda, author of the thread, left the forum years ago. Goodbye, world!

JeromeTash made his proposal with an example is the Lauda's inactive thread but theymos' response to this proposal with some explanations on editing, updating is not responsibility of moderators.

Pinned threads that have outdated information, what's the best way forward?

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