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Showing 20 of 32 results by charrles
One of the top security tips for holding bitcoin is not to let anyone know you are holding it as it will endanger both your life and your coins. Then this taught comes in, what if your holding is no longer a secret, how do you manage such condition? How do you secure yourself and your coins?
Well, I composed this as suggestion to help vulnerable members who failed to take precaution of one of the most important security tip. I will divide this into two sections;
1. Wallet security
2. Physical/Personal security
1. Wallet security: Since people are aware you hodl bitcoin you should be strict with your wallat security. The following suggestions should help;
a. Use Multisig Wallets: Of course you know that in multisig wallets, multiple private keys are needed to sign transactions before the coin can be used or spent. This will help prevent prevent a single compromise or coercion from draining all your bitcoin asset.
b. Segregating Holdings: splitting holding can also be of help. Store large bulk in cold, hidden storage and then keep a small portion on a hot wallet for day to day transactions this way, if you are ever forced to send some coins only a small portion of it will be at risk.
c. Diversify Brands of Hardware Wallets: Some coins can be stored in Trezor while the remainder can be stored in Bitbox as the case maybe. This way, bug or an exploit in one type will not compromise everything.
2. Physical/Personal Security: As we all know, robbery is always associated with physical assault, so here are some suggestions that may reduce the possibility of such occurrence.
a. Install security devices such as CCTV cameras, alarms, motion sensor, etc as this will help you track strange activities around you.
b. You can also employ trusted security personnel or bodyguard if the threat level justifies this, especially if you are a public figure.
c. Also ensure to keep you location and travel plans undisclosed in order to reduce profiling by potential attackers.
d. Should there be any need to relocate from your existing neighbourhood? Please do, your potential attacker might just be your next door neighbour.
Note: These are just suggestions and not exhaustive as well. Feel free to contribute your ideas as well.
Please stay safe and be guided.
Well, I composed this as suggestion to help vulnerable members who failed to take precaution of one of the most important security tip. I will divide this into two sections;
1. Wallet security
2. Physical/Personal security
1. Wallet security: Since people are aware you hodl bitcoin you should be strict with your wallat security. The following suggestions should help;
a. Use Multisig Wallets: Of course you know that in multisig wallets, multiple private keys are needed to sign transactions before the coin can be used or spent. This will help prevent prevent a single compromise or coercion from draining all your bitcoin asset.
b. Segregating Holdings: splitting holding can also be of help. Store large bulk in cold, hidden storage and then keep a small portion on a hot wallet for day to day transactions this way, if you are ever forced to send some coins only a small portion of it will be at risk.
c. Diversify Brands of Hardware Wallets: Some coins can be stored in Trezor while the remainder can be stored in Bitbox as the case maybe. This way, bug or an exploit in one type will not compromise everything.
2. Physical/Personal Security: As we all know, robbery is always associated with physical assault, so here are some suggestions that may reduce the possibility of such occurrence.
a. Install security devices such as CCTV cameras, alarms, motion sensor, etc as this will help you track strange activities around you.
b. You can also employ trusted security personnel or bodyguard if the threat level justifies this, especially if you are a public figure.
c. Also ensure to keep you location and travel plans undisclosed in order to reduce profiling by potential attackers.
d. Should there be any need to relocate from your existing neighbourhood? Please do, your potential attacker might just be your next door neighbour.
Note: These are just suggestions and not exhaustive as well. Feel free to contribute your ideas as well.
Please stay safe and be guided.
Most important thing is that you should not connect your wallets to untrusted platforms. There has been so many instances of wallets getting hacked because of this. Because if you have all the offline security to protect keys and wallets and you do this one mistake, everything will be ruined.
Obviously Bitcoin price; the amount Bitcoin is worth at a particular time, and Bitcoin usage; the rate at which Bitcoin is adopted and used. The above phenoms surely has implications, one may be tempted to as; which is more important? The interesting fact is, price affects usage both positively and negatively. An increase in price attracts high usage, and vice versa. Conversely usage also affects the long term pricing of Bitcoin. Price has short term implications, usage and acceptance has long term implications. From the aformentioned, I can conclusively say; Price and Usage are phenoms that can influence the volatility of Bitcoin
Both are related.
If there is high usage, price will rise. It is simply like demand and supply game in economics. Usually, it will follow this trend only. However, sometimes there can be exception also like there are many other factors affecting bitcoin price as well so usage remaining same, price can still change.
Does Bitcoin’s fixed supply cap create inequality over time?
Those who acquired bitcoin in early days got larger share in less price. Later when there are very less bitcoins left to be mined and prices are astronomically high, it will be hard to acquire even fractions of bitcoins. Where is equality concept associated with bitcoin then ?
Is Bitcoin truly decentralized if mining power is concentrated in a few regions
I heard that most of the miners are located in China. Thus we can say that most hash power is controlled by some regions. Can we still call Bitcoin decentralized if its backbone infrastructure is so centralized?
It's easy to invest.
It's harder to hodl properly.
It's harder to hodl properly.
The hardest thing is to avoid greed. Like suppose someone bought bitcoin at $10000 and now price is $20000 in one year. What investment option could offer 100% return in one year ? It is impossible for majority not to sell at this moment. This will think that I should book profits now. That is why it is not easy to hold bitcoin for long duration like 5-10 years.
Re: Should we be concerned big firms and countries are hodling more bitcoin?
It is definitely a big concern.
If countries or powerful people accumulate too much power, it defeats the purpose of bitcoin. The real purpose was to empower poor and weaker sections of the society. But if powerful have most of the bitcoin, they will become powerful and weaker section will suffer more. There is an additional concern that rich might be accumulating with different identities.
If countries or powerful people accumulate too much power, it defeats the purpose of bitcoin. The real purpose was to empower poor and weaker sections of the society. But if powerful have most of the bitcoin, they will become powerful and weaker section will suffer more. There is an additional concern that rich might be accumulating with different identities.
Re: What happens when there is no more Bitcoin available to buy?
With so many people around the world buying Bitcoin, it’s like a city’s power supply system suddenly collapsing. I can’t imagine it. What do you think?
Those who are holding bitcoin , some of them will always be looking to sell some also depending on their needs. Think it of this way. There is lot of gold held by people. When they need money like for their children marriage and education, they sell it. Same way, there will always be people looking to sell bitcoin also based on current price and their own needs.
Can someone provide an explanation?
May be asking too obvious questions.
Sure. You can put a link in your profile or forum signature.
He cannot have a link as per his current status in the forum. Well, I tried using Firefox, and it works just fine—no freeze or slowdown.
What are your current device specs? It might just be a RAM issue; that's why it takes long to load or it freezes because you don't have enough RAM memory.
If you have a laptop with a Celeron CPU and 2GB of RAM, then expect to see slowdown when browsing.
What are your current device specs? It might just be a RAM issue; that's why it takes long to load or it freezes because you don't have enough RAM memory.
If you have a laptop with a Celeron CPU and 2GB of RAM, then expect to see slowdown when browsing.
To confirm whether there is really a issue with this forum, OP should check the behavior with this forum compared to other sites. If his system freezes for all sites including bitcointalk, your response might be valid for him and he should act as per the suggestion offered.
Re: From Newbie To Legendary: The Case For Early Opportunities
The signature campaigns will employ people suited for the campaign. It is based on the selection criteria of managers and the company which is running the campaign.
It can never be other way around that those who are employed in these campaigns decide the terms of participation or approval in campaign.
It can never be other way around that those who are employed in these campaigns decide the terms of participation or approval in campaign.
I think that is possible. It is a coin where whales might so interest, they will first accumulate slowly at low prices and then inflate to high levels. There are lot of beginner type users involved with pi coins who do not believe in the coin , they will sell at whatever good profit they see. But whales have all the patience to absorb the coins first and then slowly increase the price to $10 or more.
Hello! I just wanted to post a Thank You to theymos and everyone who voted for my art contest submissions.
I really appreciate all the support. Thanks!
I have added a Top 100 Leaderboard to the BitcoinTalk 10th Anniversary DASH!
BIIIIG shout out to actmyname who ran the blockchain for a whopping 24 Years and 39 weeks! Wow!
The link to the game and how to play are included below in case anyone missed it in the art contest thread.
The BitcoinTalk.org 10th Anniversary DASH!!!
TOP 100 Leaderbord:
https://coolstorage.org/BitcoinTalk10/Top100
YOU ARE SATOSHI! HOW LONG CAN YOU "RUN" THE BLOCKCHAIN?
https://coolstorage.org/bct10ad.jpg
The BitcoinTalk.org 10th Anniversary Dash is an HTML5 game that is compatible with most desktop and mobile devices.
GAME LINK:
https://coolstorage.org/BitcoinTalk10
How To Play:
Press [SPACE] -or- Left Mouse Click -or- Tap your touch device to make satoshi jump!
The longer you HODL the SPACE/Mouse/Tap, the farther satoshi will jump!
It is your mission to help satoshi "run" the blockchain for as long as possible!!
Don't forget to enter your username if you want to save your high score to the Leaderboard!
If you have any issues please let me know. Thanks again everyone, I hope you all enjoy the game!
What do you mean by he ran the blockchain for 24 years ? What activity did it involve from him ? I really appreciate all the support. Thanks!
I have added a Top 100 Leaderboard to the BitcoinTalk 10th Anniversary DASH!
BIIIIG shout out to actmyname who ran the blockchain for a whopping 24 Years and 39 weeks! Wow!
The link to the game and how to play are included below in case anyone missed it in the art contest thread.
The BitcoinTalk.org 10th Anniversary DASH!!!
TOP 100 Leaderbord:
https://coolstorage.org/BitcoinTalk10/Top100
YOU ARE SATOSHI! HOW LONG CAN YOU "RUN" THE BLOCKCHAIN?
https://coolstorage.org/bct10ad.jpg
The BitcoinTalk.org 10th Anniversary Dash is an HTML5 game that is compatible with most desktop and mobile devices.
GAME LINK:
https://coolstorage.org/BitcoinTalk10
How To Play:
Press [SPACE] -or- Left Mouse Click -or- Tap your touch device to make satoshi jump!
The longer you HODL the SPACE/Mouse/Tap, the farther satoshi will jump!
It is your mission to help satoshi "run" the blockchain for as long as possible!!
Don't forget to enter your username if you want to save your high score to the Leaderboard!
If you have any issues please let me know. Thanks again everyone, I hope you all enjoy the game!
I will vote for Trump coin launch. When the coin shattered after 2-3 days, most of the trust on altcoins was lost among millions of crypto users. The scar is not going to go away easily.
10/10
I thought the winner would receive a better reward. If you are Satoshi Nakamoto how would you fix today's current landscape?
That ia not Satoshi's job. I will be more focussed on crypto as real Satoshi because I am damn good at it. Thank you for making me feel so much influential for a moment.
Add a dedication page as "Staff" with list of all staff members on bitcointalk
I am a member on many other popular online forums and I have seen that all of them have a dedicated page listing all the staff members on that forum. The purpose of this can be if a member is having some issue using the forum, he can go to that list and see which staff if online ( if they are showing that in their profile) and then contact him.
The downside to this feature is that staff can be spammed with lot of messages. This can be handled by allowing only certain rank and above to be able to have access to that page or the option to message mods.
Do you find such a feature useful for bitcointalk also?
The downside to this feature is that staff can be spammed with lot of messages. This can be handled by allowing only certain rank and above to be able to have access to that page or the option to message mods.
Do you find such a feature useful for bitcointalk also?