Bitcoin Thread

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Dimpie (COMPUTEK) said:

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Agreed. Hardware wallets are the best. Your coins are 100% under your control. Not subject to other people's or company's issues. Also, your coins stay hidden from anyone or everyone.
 
Dimpie (COMPUTEK) said:

Takealot.com: Online Shopping | SA's leading online store

South Africa's leading online store. Fast, reliable delivery to your door. Many ways to pay. Shop anything you can imagine: TVs, laptops, cellphones, kitchen appliances, toys, books, beauty & more. Shop the mobile app anytime, anywhere.
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I bought mine directly from Ledger.. with all the shipping and duties. I read somewhere that buying from third party sellers is risky because the device can be tampered with. I don't know if that's true if you set up the device yourself. I have heard of devices being sent with a printout of the keys (already set up) - this would obviously be a problem.
 
humbledryer said:
I bought mine directly from Ledger.. with all the shipping and duties. I read somewhere that buying from third party sellers is risky because the device can be tampered with. I don't know if that's true if you set up the device yourself. I have heard of devices being sent with a printout of the keys (already set up) - this would obviously be a problem.
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Yes, buying from third parties do have that risk, best is always to buy directly from the manufacturer. But, you never have the guarantees that it will not be opened by Customs officials when being imported.
 
humbledryer said:
I bought mine directly from Ledger.. with all the shipping and duties. I read somewhere that buying from third party sellers is risky because the device can be tampered with. I don't know if that's true if you set up the device yourself. I have heard of devices being sent with a printout of the keys (already set up) - this would obviously be a problem.
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You're supposed to generate your own and then set a pin when you get it.
 
rvZA said:
Yes, buying from third parties do have that risk, best is always to buy directly from the manufacturer. But, you never have the guarantees that it will not be opened by Customs officials when being imported.
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The box should be factory sealed
 
Snyper564 said:
Another energy issue

https://twitter.com/x/status/1393530570739748866

Might be heading into crypto winter if this continues.

Hodl tight all. Dropping as we speak
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Bitcoin has been taking a massive hiding and it continues. However, I am not so sure about a Crypto winter though. Take a look at Cardano, it has been climbing while all others were falling. If you want a cleaner carbon footprint, Cardano is probably at the top of the list with their tech.
 
rvZA said:
Bitcoin has been taking a massive hiding and it continues. However, I am not so sure about a Crypto winter though. Take a look at Cardano, it has been climbing while all others were falling. If you want a cleaner carbon footprint, Cardano is probably at the top of the list with their tech.
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Thanks will do, regret not looking into it earlier when I heard about it back in 2019, we live and learn with crypto
 
rvZA said:
Bitcoin has been taking a massive hiding and it continues. However, I am not so sure about a Crypto winter though. Take a look at Cardano, it has been climbing while all others were falling. If you want a cleaner carbon footprint, Cardano is probably at the top of the list with their tech.
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I'm still very skeptical of Cardano. There don't seem to be any popular applications on it or much enthusiasm from developers. Seems like the hype has come from Charles Hoskinson speaking about it.. which isn't to say other projects are perfect or fairly priced but other layer ones already have a lot of functionality.. solana, polkadot, ethereum etc.

Cardano reminds me a bit of EV startups with only a protoype and renders vs. Tesla pumping out vehicles in the 100s of thousands
 
humbledryer said:
I'm still very skeptical of Cardano. There don't seem to be any popular applications on it or much enthusiasm from developers. Seems like the hype has come from Charles Hoskinson speaking about it.. which isn't to say other projects are perfect or fairly priced but other layer ones already have a lot of functionality.. solana, polkadot, ethereum etc.

Cardano reminds me a bit of EV startups with only a protoype and renders vs. Tesla pumping out vehicles in the 100s of thousands
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Yes, at the end of the day, Cardano is a proof of stake, instead of a proof of work, like Bitcoin. Cardano currently uses Ouroboros, which is way more energy efficient than Bitcoin.

Cardano is being developed by IOHK in conjunction with the University of Edinburgh, the University of Athens and the University of Connecticut, and their system is based on actual research.

Their long term goal is to establish a decentralized banking system and related services, which means they are targeting the DEFI segment of Crypto. Currently, this is the segment with the most interest, fastest growing and probably will be the future of Crypto.

Just my opinion, but Cardano is still in its infancy. Its research and development is currently done by the right people.
 
humbledryer said:
The whole thing is weird.. as if Elon and Jack didn't do their research and had no idea

Also that monologue from Bill Maher and now Kevin O'leary pretendig he doesn't buy anything that's made in China.
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Its not that they did not know. Everyone knew it. You, I, miners, there is no way anyone could have thought BC mining was energy effecient. Thing is, I think everyone is jumping now that some states in the US are actually thinking about banning mining in total.

There were other cryptos, who for many years advocated more energy efficient platforms, one of which was Cardano. Thing is, no one cared because BC was going to the moon making money.
 
humbledryer said:
The whole thing is weird.. as if Elon and Jack didn't do their research and had no idea

Also that monologue from Bill Maher and now Kevin O'leary pretendig he doesn't buy anything that's made in China.
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Elon and Jack might be the CEOs, but they have heavily invested executive shareholders and influencial board members to answer to who know very little about crypto, and why seemingly outdated and impractical proof of stake is #1 for a digital gold.

Elon only owns less than 25% of Tesla. Jack owns less than 15% of Square. They still have to do what they are told much of the time.

They are puppet masters in the crypto space , but they are still corporate puppets.
 
rvZA said:
Yes, at the end of the day, Cardano is a proof of stake, instead of a proof of work, like Bitcoin. Cardano currently uses Ouroboros, which is way more energy efficient than Bitcoin.

Cardano is being developed by IOHK in conjunction with the University of Edinburgh, the University of Athens and the University of Connecticut, and their system is based on actual research.

Their long term goal is to establish a decentralized banking system and related services, which means they are targeting the DEFI segment of Crypto. Currently, this is the segment with the most interest, fastest growing and probably will be the future of Crypto.

Just my opinion, but Cardano is still in its infancy. Its research and development is currently done by the right people.
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I'm pretty sure the others are doing actual research and not just winging it. I would love to see some execution from Charles and not just the names of Universities and big promises.
 
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Sensorei said:
Elon has been caught lying, the scaly bastard.

https://twitter.com/x/status/1392974251011895300

https://twitter.com/x/status/1393687876144148493

www.trademoneta.com

"Elon has never contacted us," says Breaking: Dogecoin lead developer

Bruce Fenton, Dogecoin's lead developer, announced today that Elon Musk has never contacted the Dogecoin team. The billionaire inventor tweeted a few days ago that he was working with dogecoin…
www.trademoneta.com www.trademoneta.com
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You might want to read the first comment on that post
 
Elon has been trying to at least seem to be manipulating the markets but so clumsily that I almost wonder if he is trying to get more people to see how it works.
 
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