Bitcoin and Crypto Thread

Do not post borderline pornographic pictures/memes, especially without warning.
scorpion said:
I just regard the flaws of Bitcoin as much more serious and worrisome.


Do you realize how crazy this sounds to the average person?

"Ok, so what you really need to do to be secure is share the passwords to your life savings with people in Russia and Iran."

You seriously regard this as the future of finance? You think this is going to catch on as anything more than a speculative asset?
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In a nutshell yes. This is the future of finance. You can get cold storage with no passwords like tangem. Very safe, and it has backups so it can never be lost or stolen and does not require a seed phrase like a hot wallet .

I will not say it’s too Late to get into this cycle but I wouldn’t wait around.

Something like

$1k aitech
2k alph
2k tet
1k Chrp

Looks solid
Or cut the amounts in half if you have less cash to put in

And just for lols
 
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scorpion said:
This is a company based in Bermuda that receives your Bitcoin payments and promises to pay your heirs a greater amount of Bitcoin when you die? Given zero legal precedent for this sort of thing, and zero reason to believe that this company will be around in the future, is anyone actually dumb enough to be using this service? Or any of these other weird Bitcoin financial services you promote?

Also, the issues surrounding the inheritance of Bitcoin demonstrate some of the problems of immutable blockchain transactions. There is every incentive for fraud and theft, and very few remedies available to rectify it when it occurs. Who can you actually trust to custody your Bitcoin besides yourself, given how high the stakes are? If my entire life savings could be irrevocably stolen from me - with zero recourse - with just a few keystrokes, there's no way I'm trusting ANY third party with that information.
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The same can be applied to any life policy, so many people I know including my own wife were cheated out of their inheritance
 
So far the best and most basic advice I got here on the forum about Bitcoin is to download the app called STRIKE and link a bank account to it and start buying and selling Bitcoin, very very easy to use, you can monitor all the charts, buy and cash out your bitcoin in seconds. I set the app to send me notifications whenever there are big changes happening with Bitcoin, no you dont have to stare at screens all day long you just leave the bitcoin alone and carry on with your life. This is the first step for beginners (like me).
 
GoodShepherd said:
Putin talks about Bitcoin

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If I recall correctly, Russia will freeze your bank account if you're caught converting crypto into rubles, or at least that was the case a few years ago. I asked Brave AI if crypto is illegal in Russia and go this concluding paragraph:

In summary, while Russia has not entirely banned cryptocurrency, it has implemented restrictions on its use, particularly as a means of payment. The use of security tokens, utility tokens, and NFTs for payment purposes is now prohibited. However, the overall regulatory environment remains complex, and the situation may continue to evolve as Russia navigates its relationships with the global financial system and international sanctions.
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scary_robot_music said:
If I recall correctly, Russia will freeze your bank account if you're caught converting crypto into rubles, or at least that was the case a few years ago. I asked Brave AI if crypto is illegal in Russia and go this concluding paragraph:
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In Canada they froze the bank accounts of people protesting against the lockdowns, In ISA the banned Andrew Torba from 5 banks because he created GAB a free speech platform
 
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