Posted on 09/20/2022 9:02:47 AM PDT by SeekAndFind
I love tulips !
My sentiments exactly!
I don’t understand the value of crypto currencies.
You use the internet to use the crypto so your actions can be spied on. End of story.
FT Crypto Ping List!
I’ve invested a small amount in Crypto. Waiting to see if my Etherium takes off. If not? Oh well. In another method, I’ve more than doubled my investment in a year. So far, so good.
It’s money I could afford to lose, and I’ve enjoyed seeing a return.
Haters gonna hate. I’ve known 3 people personally that got involved in Bitcoin early and became multi-millionaires. They’re smart, so they still are.
Most worrisome to me is the continued closeness of Etherium to the WEF.
Bitcoin doesn’t have that problem…
Indeed note Biden’s executive order 14067 none of your money is safe.
Investment!?
That is pretty funny.
I deal with fiat currency international TX every week and it is a huge pain in the butt. Reams of information have to be provided, transfers take hours or days, with costs ranging up to dozens of $. Errors in processing are common. By contrast I can send Nano around the world 5 times a second at 0 cost, needing just a single character string to do so. No counterfeiting, no forged checks, no clawbacks, etc. While there is a learning curve and plenty of expensive scams and mistakes for the unwary, overall it's a dramatic step forward into the future.
It means that dirt cheap GPU cards are on the way!
Recent advice I got regarding Ether: With ETH, focus on its future ‘Merge,’ not its current one.
The “merge” may not be what gets it back above $2000 per coin, but a “merge” of sorts down the road (the merger of traditional and blockchain finance) may be what drives ETH to substantially higher prices over the next few years.
Keep this in mind, when today’s uncertainties have you wondering whether now is the time to make an exit from Ether (if you own) or to otherwise avoid it (if you don’t own it yet).
Once rate hike worries clear up, the market will again appreciate the impact that both “The Merge” and “The Shard” (the last stage of the Eth2 upgrades) will have in enabling the Ethereum blockchain, and in turn, the ETH coin, to benefit the most from the integration of blockchain technology into the dollar-based financial system.
Make Ether (ETH-USD) a long-term “buy and hold” position, selling half your position each time it doubles in price.
“Exactly the opposite.”
I see the value in what you’re explaining.
I’m thinking of big brother prying. They’d know I went to a crypto site. They’d ask me what I spent or received. Could I say ‘not telling’ and not end up in jail?
With keystroke logger installed on my computer, could they tell where the money came from or went to?
Wait, let me walk that back a bit. Hardcore crypto security-minded folks advise using an offline (never connected to the internet) machine that they process their crypto transactions on. This should be absolutely secure (short of someone planting a spy camera in the room). They use the offline computer to generate a transaction and then type it into an online computer to publish the TX to the network. In this case a keystroke logger would know you've sent a transaction, but your account (private key) would be totally secure.
With traditional financial accounts the keystroke logger would have your account ID/password, but with a crypto wallet it would never see anything that could compromise your funds with this setup.
Yeah. It’s low, so buy some and hold. See where it goes. Only invest money you can afford to lose. When/if a republican administration ever gets into office again, things will change for the better.
“If they have a keystroke logger, you’re pretty much screwed”
If I’m receiving data using double-key encryption (forgot what it’s called), I generated both public and private keys and sent the public one to the other end. The other end uses the public key to send stuff to me.
Do you create the keys on your offline computer? If so, when you get an encrypted message from the other guy on your online computer, how do you get that message to your offline computer so you can decrypt it.
I’m probably missing something.
Here’s my idea to deal with hacking. Use very simple, primitive, internet software, perhaps like what we ran 20 years ago. Communicate only with text. No software downloading. The software in the computers is burned in ROM and never changes. This would not be your entertainment computer. It would be only for secure communication. The two-factor encrpytion scheme could be used.
This merge has left a void for miners. Eventally the miners will pick a few different Crypto-mining eneties, maybe Raven Coin is one.
I turned off my mining rigs; I was running 32 of my 43 GPUs round the clock. Even though my Electric and water bill was around (plus or minus) 700 USD, I was making more than the electric cost, plus the taxation too. My house is cool now and liveable. I hope anouther crypto coin can at least provide current break even or even some actual profit, but I don’t see any mining crypto worth mining at present.
Eighty percent of the miners in operation were mining Etherum/Eth. Thats billions of dollars not being created every month. Something will have to come along.
Go to Trader University for explanations of these topics.
https://www.youtube.com/c/TraderUniversity
Right, that's the idea. As far as receiving messages, that's not an issue in relation to keeping private keys safe. What I had in mind above was only for posting cryptocurrency transactions to an online blockchain, not for 2-way secure communication.
Personally if I had to communicate online with someone securely, I'd either use Signal, or send innocuously labeled ZIP files with a password shared with the recipient offline, or have us both sign up for an online game and send private messages within it, depending on circumstances. I'm sure there are better techniques than these, but they are probably "good enough" for all but the most intense scenarios.
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