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Showing 20 of 77 results by mikeauerbach
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Topic
Board Economics
Re: Is there subject to study Cryptocurrency ?
by
mikeauerbach
on 16/04/2021, 03:21:45 UTC
Currently there are different online courses about crypto or blockchain at all. You can also study crypto as a part of Economic studies.
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Topic
Board Economics
Re: I think Bitcoin is the biggest bubble and ponzi in the universe or it isn't?
by
mikeauerbach
on 16/04/2021, 03:15:47 UTC
Quote
A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. The scheme leads victims to believe that profits are coming from legitimate business activity (e.g. product sales and/or successful investments), and they remain unaware that other investors are the source of funds.
from wikipedia.org
Bitcoin wasn't created to generate profit. It isn't a tool to generate money, Bitcoin is deflationary medium of exchange.
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Topic
Board Bitcoin Discussion
Re: Bitcoin legit or not
by
mikeauerbach
on 16/04/2021, 02:49:22 UTC
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Its time to hear if bitcoin is legit or not!! Someone with good and legit reputation need say here if bitcoin is secure safe and legit!
Isn't Bitcoin white paper enough to make sure that it's worthy and reliable?

Quote
We Trust USA dollar because its Federal reserve are legit guys!!
Hah, do you trust the dollar?
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Board Altcoin Discussion
Re: Which coins are good for investing?
by
mikeauerbach
on 15/04/2021, 09:34:02 UTC
EOS is 100% good investment. It almost doubled its price in a month. Buying it via Ownr this February was an excellent idea.
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Topic
Board Economics
Re: Investment the way to economic stability
by
mikeauerbach
on 15/04/2021, 09:22:07 UTC
I can't agree more. It took me more than 25 years to understand that being rich isn't about spending a lot of money. Luckily, I changed my mind.
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Topic
Board Wallet software
Re: 5 Best Bitcoin Wallets for Android
by
mikeauerbach
on 15/04/2021, 09:09:20 UTC
All mentioned wallets are widely known. What's about wallets that emerged recently?
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Topic
Board Bitcoin Discussion
Re: bitcoin problems that need to be solved
by
mikeauerbach
on 15/04/2021, 08:58:40 UTC
Quote
#1. security.  When you make a bitcoin payment; that one payment address then forever connects you to your wallet thus allows the receiving person to see all your previous receives/sends, and, all your future receives/sends.  Any payment you received, or spent, then crushes your anonymity.  You are forever outed; fully exposed.  Really, it's no different than everyone in the world watching your bank account; seeing all the payments coming in and going out.  Bottom line is you can never send or receive a payment to anyone in the real world.  Your bitcoins/activity will forever be linked to you.  Chainalysis perfectly lays out the problem.
This problem is already solved. Some wallets let you generate multiple Bitcoin addresses. And one can use mixers to enhance your privacy.
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Topic
Board Altcoin Discussion
Re: Do you trust USDT?
by
mikeauerbach
on 15/01/2021, 06:05:32 UTC
I hold some Tether on Ownr to use it as a crypto fiat gate. I know USDT is only 74% backed, but I don't think it's a scam and an average hodler has something to worry about.
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Topic
Board Bitcoin Discussion
Re: How much btc do you need to secure your future?
by
mikeauerbach
on 15/01/2021, 05:52:54 UTC
It's a pointless question. Like how much money do you need to live a good life? It depends on your needs. And our needs are never fulfilled as we know, so one can't have too many Bitcoins.
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Topic
Board Altcoin Discussion
Re: In which token i invest?
by
mikeauerbach
on 25/12/2020, 09:17:13 UTC
What's wrong with having $200 in ETH? It's already a good investment.
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Topic
Board Bitcoin Discussion
Re: Is Bitcoin at risk of regulation?
by
mikeauerbach
on 25/12/2020, 09:08:59 UTC
Crypto regulation is inevitable if we want the huge adoption.
Quote
Will the government be able to take all control measures and ultimately make bitcoin centralized?
But how could you imagine centralized Bitcoin?
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Topic
Board Service Announcements
Re: OWNR wallet. Buy, exchange and store crypto. Licensed service.
by
mikeauerbach
on 21/12/2020, 08:18:03 UTC
As I read on your site, a prepaid card is available for customers all around the world. So is the list of those who can apply for the card similar to Ownr's list of supported countries?
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Topic
Board Services
Re: You lost the password of your Bitcoin Wallet ?
by
mikeauerbach
on 21/12/2020, 08:01:12 UTC
I have only one question. How is it possible? You've been in crypto related business for 9 years, but you're a newbie on the forum.
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Topic
Board Bitcoin Discussion
Re: Do you fear the most about crypto
by
mikeauerbach
on 21/12/2020, 07:50:47 UTC
One of my greatest fear is that I won't be able to buy it anonymously in few years. The crypto industry becomes more regulated from day to day.
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Topic
Board Bitcoin Discussion
Re: What do you think is the biggest disadvantage of bitcoin?
by
mikeauerbach
on 05/12/2020, 03:01:55 UTC
High transaction fee is the biggest disadvantage of Bitcoin, but it isn't the only one. What's about high volatility? It makes Bitcoin a worthy investment and not so cool medium of exchange. And the network is so slow. Sometimes it takes up to a couple of days to get Bitcoin transactions approved. 
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Topic
Board Altcoin Discussion
Re: Mobile wallet is more important
by
mikeauerbach
on 05/12/2020, 02:49:56 UTC
I understand what you mean. I had been experiencing such a problem with EOS. When the crypto was in its infancy stage, there were EOS desktop apps only. This factor made EOS not so "handy" and easy in use. That's why when some mobile wallets (Atomic, Lumi, OWNR) added support, the crypto became more demanded.
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Topic
Board Wallet software
Re: A question concerning: Bitcoin wallets, and the bitcoin bull run
by
mikeauerbach
on 14/11/2020, 10:11:39 UTC
What lightning wallet will be better for iPhone users? Now I use ownr wallet, but want to try a LN wallet too. Unfortunately, Éclair, the first LN wallet is available on Android only.
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Topic
Board Bitcoin Discussion
Re: Why Satoshi created Bitcoin
by
mikeauerbach
on 14/11/2020, 09:53:07 UTC
Bitcoin white paper was realized soon after the 2008 financial collapse. I don't think that Satoshi had an aim to replace fiat. Creating Bitcoin was more like an attempt to show that there is an alternative to fiat.
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Topic
Board Bitcoin Discussion
Re: Follow your mind!
by
mikeauerbach
on 30/10/2020, 04:05:10 UTC
Quote from: hossamdz on October 29, 2020, 08:23:15 PM
my most important tips in trading :
dont put  all your eggs in one box .
invest only what you are ready to lose.
dont trade using your emotions .
follow those if you wanna make money in trading.
+ Always make your own research and read a white paper before making an investment.
Post
Topic
Board Wallet software
Topic OP
Why do people avoid using closed source wallets?
by
mikeauerbach
on 29/10/2020, 15:12:35 UTC
I've noticed that experienced crypto enthusiasts recommend not to use closed source wallets like Coinomi and Ownr. Open source ones are supposed to be more trustworthy. Why? Only a small number of hodlers can read the code in fact.