I took a look at VF and saw a thread about it..
Is it a good investment?
Which cryto currencies are best?
Any of the top ten except Ripple and Bitcoin Gold.
Quote from: "Dinky Dianna"
What makes them bad investments?
Quote from: "Fashionista"
Quote from: "Freud"
What makes them bad investments?
Ripple has a huge number of issued coins not all of them in circulation and it's centralized-meant for cross border settlements between banks. Buy some but don't expect it to go anywhere for many years.
Bitcoin Gold is a forked coin with no clear purpose.
Some news about Bitcoin Gold.
Bitcoin Gold Wallet Download File Hacked
On November 26, Bitcoin Gold's development team posted a "Critical Warning" revealing that for four-and-a-half days — from November 21 to November 25 — users who downloaded the official Windows wallet from the Bitcoin Gold website or GitHub repository also received two suspicious files of unknown origin.
Presumably, these files were created to steal user funds or information, so the developers strongly advised anyone who downloaded the Windows wallet client during this period to take extreme caution to protect themselves and their funds — even going to far as to wipe any machines that downloaded the malicious files.
https://www.cryptocoinsnews.com/hackers-infiltrate-official-bitcoin-gold-wallet-repository/
I would like to know more about crypto currencies if we decide to invest..
And even then it would be a small amount..
Are they any other advantages besides possibly increasing in value?
Paying people anywhere in the world instantly and for pennies.
Buying things anonymously like VPN subscriptions or items from overseas that may be regulated or banned where you are.
Keeping your money away from banks and governments.
Quote from: "Dinky Dianna"
Buying things anonymously like VPN subscriptions or items from overseas that may be regulated or banned where you are.
Keeping your money away from banks and governments.
You mean the transaction fee is cheap?
If you buy something that is banned in your country, how would you get it delivered?
Customs agents would seize it.
Quote from: "Fashionista"
Quote from: "Dinky Dianna"
Buying things anonymously like VPN subscriptions or items from overseas that may be regulated or banned where you are.
Keeping your money away from banks and governments.
You mean the transaction fee is cheap?
If you buy something that is banned in your country, how would you get it delivered?
Customs agents would seize it.
Transaction fees are cheap for most, except BTC. (2-30 dollars)
Lot of companies cater to sending things incognito so it's less likely to get flagged.
Quote from: "Dinky Dianna"
Quote from: "Fashionista"
Quote from: "Dinky Dianna"
Buying things anonymously like VPN subscriptions or items from overseas that may be regulated or banned where you are.
Keeping your money away from banks and governments.
You mean the transaction fee is cheap?
If you buy something that is banned in your country, how would you get it delivered?
Customs agents would seize it.
Transaction fees are cheap for most, except BTC. (2-30 dollars)
Lot of companies cater to sending things incognito so it's less likely to get flagged.
But if custom finds out and seize the parcel, they most likely have your whole family blacklisted. Just isn't worth it IMO and best to just be a good lawful citizen.
Quote from: "Zetsu"
Quote from: "Dinky Dianna"
Quote from: "Fashionista"
Quote from: "Dinky Dianna"
Buying things anonymously like VPN subscriptions or items from overseas that may be regulated or banned where you are.
Keeping your money away from banks and governments.
You mean the transaction fee is cheap?
If you buy something that is banned in your country, how would you get it delivered?
Customs agents would seize it.
Transaction fees are cheap for most, except BTC. (2-30 dollars)
Lot of companies cater to sending things incognito so it's less likely to get flagged.
But if custom finds out and seize the parcel, they most likely have your whole family blacklisted. Just isn't worth it IMO and best to just be a good lawful citizen.
Not with a made up name and no financial records of you ever purchasing the goods.
Quote from: "Dinky Dianna"
Quote from: "Zetsu"
Quote from: "Dinky Dianna"
Quote from: "Fashionista"
Quote from: "Dinky Dianna"
Buying things anonymously like VPN subscriptions or items from overseas that may be regulated or banned where you are.
Keeping your money away from banks and governments.
You mean the transaction fee is cheap?
If you buy something that is banned in your country, how would you get it delivered?
Customs agents would seize it.
Transaction fees are cheap for most, except BTC. (2-30 dollars)
Lot of companies cater to sending things incognito so it's less likely to get flagged.
But if custom finds out and seize the parcel, they most likely have your whole family blacklisted. Just isn't worth it IMO and best to just be a good lawful citizen.
Not with a made up name and no financial records of you ever purchasing the goods.
But then how do they recieve the parcel? I'm sure there's gotta be a delivery address where the cops could start investigating.
It either arrives or it doesn't. If it doesn't, then customs nabbed it and they're looking for that naughty person (Richard Hadcheez) who tried to use a random family's address.
Quote from: "Dinky Dianna"
But if the suspicious name of the buyer doesn't exist under the household address and the parcel contains a prohibited item, wouldn't the police file an investigation?
Quote from: "Zetsu"
Quote from: "Dinky Dianna"
But if the suspicious name of the buyer doesn't exist under the household address and the parcel contains a prohibited item, wouldn't the police file an investigation?
Depends on the item. Hardcore street drugs or some guns, yes. Other stuff, not so much. They can't enter your home without good reason.
Quote from: "Dinky Dianna"
Quote from: "Zetsu"
Quote from: "Dinky Dianna"
But if the suspicious name of the buyer doesn't exist under the household address and the parcel contains a prohibited item, wouldn't the police file an investigation?
Depends on the item. Hardcore street drugs or some guns, yes. Other stuff, not so much. They can't enter your home without good reason.
Point taken. ac_drinks
Quote from: "Dinky Dianna"
I have watched Border Security, both the Australian or Canadian versions..
They give the impression that contraband is always detected and the person who ordered it is apprehended..
But, I would like to know more about crypto currencies and any potential downsides of owning them too.
I just purchased some BitCoin tonight. First time buyer.
Quote from: "Angry White Male"
Make sure to put it on a hard wallet not connected to the net (if the value is great) and back it up with a recovery key or phrase.
Printing out the QR codes both public and private works too though you'll need somewhere to securely store them.
And if you want to drop a few bucks into this also (you know how volatile this investment can be, so be forewarned), I can provide some info on an exchange...
After registering on a couple of exchanges (on in the US, the other in the UK), I had issues with both of them, in one form or another, so didn't use them and closed accounts.
Ban Pellegrino mentioned coinsquare.io, which is a Canadian based exchange, and I liked what I saw. Very easy to register (no mailing pics of any personal documents), so was almost instantly up and running.
Interac Online provided easy money transfer (I'll assume you have online banking). The limit is $300 per transaction though, at first. However, you can just keep doing $300 transactions in a row until you reach your daily limit, which is set by your bank. Mine is $2,000. Will have to wait until midnight I guess, if I want to dump another $2,000 into bitcoin holdings.
After second $300 transfer, my banking accounts were put on hold by bank fraud detection, but a quick call to my bank cleared this up with ease, and I was able to continue.
Would certainly recommend coinsquare, for its ease of use and relatively fair trading fees. They have a three day "hold," before I can transfer my holdings into my own personal 'wallet.'
Quote from: "Dinky Dianna"
Make sure to put it on a hard wallet not connected to the net (if the value is great) and back it up with a recovery key or phrase.
Printing out the QR codes both public and private works too though you'll need somewhere to securely store them.
Yup. I think they have a three day hold, so I'll have to wait until then to transfer over to wallet.
I have a usb drive that I can backup my info on, and store in safe place. Will also print out hard copy, and throw in my mini-safe.
Quote from: "Angry White Male"
Quote from: "Dinky Dianna"
Make sure to put it on a hard wallet not connected to the net (if the value is great) and back it up with a recovery key or phrase.
Printing out the QR codes both public and private works too though you'll need somewhere to securely store them.
Yup. I think they have a three day hold, so I'll have to wait until then to transfer over to wallet.
I have a usb drive that I can backup my info on, and store in safe place. Will also print out hard copy, and throw in my mini-safe.
Ledger or Trezor is ideal for the top ones. They're purpose built and can connect physically to a computer or mobile device.
If you're speculating on Shitcoins, you'll have to either research and download numerous wallets which support some but not all and differently at that, lean on exchanges to hold your stuff (not advisable: you don't have the keys), or generate a wallet for ECR-20 type coins and backup-print out both keys for each of them.
Do you homework. Don't trust online people completely.
Any old USB drive can work, no? That way, if my computer takes a shit, I can buy new computer, install new wallet, and transfer my shit back, no?
But yes, will print out hard copy of keys also.
I'll assume BitCoin's own wallet is more than adequate...
Why isn't bitcoin's wallet downloading the blockchain?
I can't even encrypt and password protect this shit? I originally downloaded litecoin, but decided to go with bitcoin, and their wallet is a lot different.
Think I may go with another one.
Bitcoin "core" is the version I want.
Quote from: "Angry White Male"
There is no bitcoin sanctioned wallet. All the app wallets (Android, Windows, and iOS) are third party developed even if they have former/past bitcoin starts-officianados on their team.
Bitcoin blockchain is congested at 90% something to 100% plus (often at 104-105%). That means that you'll have long confirmation times 6+, and high fees (2-3 dollars is low, 3-10 dollars is the norm, and it can go as high as 20-40 dollars for a fast confirm).
You can choose priority in the settings of some of them. Not all of them.
Also means that it can take 10 minutes to days for your transactions to be confirmed.
Bitcoin (BTC, AKA Core) is one of the least responsive cryptos for trading unless you're going through an exchange but there are huge risks with exchanges.
Make sure your receiving address is perfectly QR scanned/typed in (Letters and numbers exactly typed upper and lowercase).
Lock your program or app with added security if possible. Keep the private keys offline, hardware or paper wallet.
Do your own homework. Don't rely on one person or currency. HTH
Bitcoin core is now downloading the blockchain.
I'll see if it works OK. If not, I'll switch out to another...
Quote from: "Angry White Male"
I'll see if it works OK. If not, I'll switch out to another...
What is this Bitcoin Core wallet you speak of?
There isn't to my knowledge an official "Bitcoin Core" wallet, hard or soft. There are Bitcoin Core developers allegedly being paid to run BTC into the ground as a store of wealth instead of a deregulated medium of exchange as envisioned by Satoshi N.
https://bitcoin.org/en/download
I'll throw another couple grand into BitCoin after midnight, provided that's when my bank re-sets the daily limit...
Quote from: "Angry White Male"
Nasty people. I wouldn't touch anything they offer. Segwit's happened because they wanted to keep low tech, high fees, and I say that as someone who continues to mine it but constantly transfer those profits elsewhere.
Rumour is that they were bankrolled and started paying their team off heaps(AFTER THEY kicked out the original team)
Yeah, but one only uses the wallet to get the keys, and to update the blockchain, no?
I mean, it's completely decentralized, right?
I don't know all the terms correctly, but wouldn't one decentralized wallet follow the same protocols as another decentralized wallet?
I mean, aren't the protocols set in stone by the very design?
Quote from: "Angry White Male"
I mean, aren't the protocols set in stone by the very design?
Having both keys and ensuring nobody else can have both keys is the only way. The math is the only thing which preserves.
That's what I thought. As such, BitCoin Core should then be just as "good" as anything else...
I wanted to throw ten grand in there. 'Logistics' makes that difficult with BitCoin.
With my "normal" investment accounts, I can throw around unlimited funds, instantly, with just a few clicks...
Alright, managed to get another couple grand in there.
The site itself said I'd reached my daily limit of $4,000 (nothing to do with my bank)...
I should have hit it sooner...
And GOD GIVE ME THE POWER to know when to sell this investment, that has ZERO backing in reality... Fonzi scheme.
http://bitcointicker.co/