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31
An old article i like - just re-posted it.

The question we keep hearing everywhere – Have you Invested in Bitcoin yet?

It doesn’t just stop there. Cryptocurrencies like Ripple, Ethereum and Litecoin are instant follow ups in such conversations.

The whole world seems to be driven towards the financial revolution that Satoshi Nakamoto (the alleged founder of Bitcoin) once dreamt of. But as we gear up for this exodus from fiat money to virtual currencies, we need to really halt and introspect – how much do we understand about the world of cryptos?

On one hand, it goes without saying that investments can be highly lucrative, but on the other, you can end up losing all your funds overnight, even when the market is at a high

Sounds abrupt, doesn’t it?

Security is a majorly growing concern that the cryptocurrency community faces today. The brave new wave of hackers, malware, ransomware and scams has converted the virtual world into a war zone that is brimming with financial threats.

The scenario is simple in essence. If you don’t know what you are doing, you’re leaving your money on the table.

This blog aims to bridge the knowledge gap between cryptocurrency security and what is required to invest responsibly in these tokens. Here are some crucial weapons that you need to have in your arsenal before you begin flashing around your hard earned money on the crypto trading platforms!

Security Guide for Crypto Baby Boomers:

1. Password Manager


Security depends on passwords. Since there are a lot of cryptocurrencies that one can choose to invest in, you might also end up using multiple wallets at the same time. Or at least keep your coins on an exchange which requires a password as well.

Why do I have multiple sources to invest in the same commodities? That is because it gives me a range of rates and hence, a chance to go for the best ones. People also use multiple exchanges to earn through positions of arbitrage, that is, making profits through the price difference of tokens at different exchanges.

Whatever may be your reason, managing multiple accounts means having multiple passwords. You just cannot have the same password for all accounts. That is a rookie mistake even a 10-year-old won’t make in today’s day and age.

Additionally, the need to remember multiple passwords may cause one of them to slip through your mind. Consider the case of Mark Fraunfelder from Wired who lost $30,000 worth of Bitcoins when he forgot the password to his wallet!

It is situations like these where a password manager comes into the picture. It requires you to remember only a single password – known as the master password. All other passwords are randomly generated, are strong in nature, and hence, highly secure. They can even be changed in an instance in case your wallet or exchange has been subjected to data theft via a cyber attack.  More over, your data is encrypted and only you can access it with your master password.

You can go with Dashlane here, since it is a powerful choice for the purpose. It integrates with your browser to enter passwords directly on websites with the click of a button. They also offer iOS and Android app and all your passwords are in sync. Of all the password managers I have tried over the past couple of years, Dashlane clearly stands out.


After installing Dashlane, you can also import existing passwords from your browser. Another cool feature of Dashlane is secure notes storage. Since a lot of crypto websites require us to copy-paste the private key for login (which is not the best thing to do but we have limited options for now), you can store those on Dashlane instead of using Evernote or Google Docs. There are few other features that make this app worth having. However, I’d let you find it out yourself.

Get Dashlane

2. Two Factor Authentication


Although having a strong password is a must, it may not prove to be enough in the case of sophisticated cyber attacks such as Brute Force.

Two-Factor Authentication (2FA) helps combat such scenarios by adding another layer of security to the login process. The act of entering the password is clubbed with a piece of information that only the user would have. This can range from a token number that they can see on their smartphones or a one-time password (OTP) sent to their email.

This makes it much harder for potential attackers to steal your data since they also need to have physical access to your smartphone or login details to your email address.

There are 3 types of authentication factors that can be used:
  • Knowledge Factors: Something that is known only to the user (assuming he/she has not shared it with someone else). These can include a password, PIN or an answer to a secret question.
  • Possession Factors: Something that is physically present with the user, such as an ID card, smartphone, or a token number.
  • Biometric Factors: Something that the user is. Also known as Inherence Factors, these are personal attributes that are unique to the user such as a fingerprint, face or voice. It can also include behavioral patterns such as keystroke dynamics.
You can also watch this video to gain a deeper insight.


Here’s how you can implement Two-Factor Authentication or 2FA with the help of Google Authenticator. Follow these steps:


  • Log in to your cryptocurrency wallet or exchange account and enable two-factor authentication from the respective option in settings.
  • Download the app ‘Google Authenticator’ on your smartphone from Google Play or the App Store.
  • Launch the app and click on the Red Plus sign at the bottom right corner.
  • Choose from the option of scanning barcode or manually entering a provided key. Select the appropriate option that is in tandem with the option you see on the website of the wallet or exchange.
  • Enter the 6 digit token number that you see in the app on the exchange/wallet’s website or app.
  • 2FA Authentication has now been set up for your account. Follow this procedure every time you log in.


In case you’re looking for an alternative, Authy is another great 2FA app that is available for both Android and iOS app stores.

3. Cryptonite Google Chrome Extension

If you are not aware of phishing websites yet, it is time you do your homework.

A Phishing Website, also known as a Spoofed Website, is a fake website that tricks you into believing that you are on a legitimate website. It has all the features of the website that you intended to visit, including the design and the login feature.

Do you see where I am going with this? I hope you do!

As soon as you attempt to log in to such websites, you are handing out sensitive information to cybercriminals on a platter. Same is the case when you visit fake social media accounts of acclaimed wallets, exchanges or cryptocurrency experts.

A dedicated Google Chrome extension known as Cryptonite can give you round the clock protection from such fraudulent websites. It comes with a MetaCert icon that is installed on the browser’s toolbar and turns from black to green every time you visit an authentic cryptocurrency website or social media account that has been verified by MetaCert. This gives you complete peace of mind and saves you the trouble of conducting the background check yourself.

In case the icon does not turn green, this indicates that the particular website or social media account does not exist in the database of Cryptonite and hence, you should be extremely wary of proceeding any further.

This extension is highly secure and reliable to use since it has been developed by the same set of engineers who developed the official Google Chrome extensions for Yahoo, Paypal, eBay and Google.

One important point to note here is that this extension works only for cryptocurrency related websites and social media accounts. Any regular website would not trigger the icon. On the other hand, it also maintains a database of known phishing websites and automatically blocks them.

All these features make it a one of a kind and dedicated browser extension that is a must-have for both newbies and experienced cryptocurrency enthusiasts.

Here is a quick demo on how you can install and use this extension:


4. Adblocker chrome extensions


Do you know about Segwit 2X, the proposed hard fork which gathered momentum back in November but was eventually canceled?

I recently saw an advert which claimed that the fork is being resumed and will take place on Dec 28, 2017. Like any other crypto investor who understands the market, I expected large investments in Bitcoin to follow the news since the hard fork would create a new virtual token which would be handed out for free to bitcoin holders at the block where the Blockchain splits, just like at the time of Bitcoin Cash.

Excited about the news, I jumped at the opportunity and invested some of my savings in Bitcoin.

What’s the takeaway? The news turned out to be fake and a paid PR stunt from a team of random developers. Even if they succeeded at creating a new token, the whole exercise eventually felt like a huge sham, especially with mainstream media not covering it.

I lost 16% of my investment within a couple of days.

What does this tell you? There are a lot of scams going on out there and you need to close the doors on them as soon as possible. One wrong click or misleading trading information can cost you a huge chunk of your investment overnight.

The Internet is full of fishy advertisements and this makes it mandatory to install an Adblocker on your browser. You are bound to see unending adverts related to bitcoin investments and wallet sign-ups if your browsing history consists of visits to authentic online cryptocurrency resources.

The Adguard Adblocker is one of the most highly rated Google Chrome extensions that can be used for the purpose. It works not only with search engines, but also blocks advertisements on social media platforms and YouTube.

Thus, this gives you a higher sense of security as well as a better user experience.

If you want to level up your security, you can switch your browser and start using the Brave browser.


Brave is one of the most reputed browsers that respects our privacy. It comes in-built with adblocker, HTTPS everywhere and few other features that make it the best for your cryptocurrencies related activities.

5. VPN or Tor Browser for staying anonymous

So far you have learned about password management, saving yourself from trackers, ads and phishing sites. Now, the next and most important thing is securing your IP. Even the smartest of people don’t really focus on this and becomes a victim of a smart hacker. Your IP address is one of the first things a hacker will require when trying to hack your system. Using a tool to hide or randomize your I.P is one of the best things you could do for yourself, especially for people like us who travel a lot and use public wi-fi to connect to the Internet. Using a VPN or Tor browser will help you hide the websites you are browsing. This way, you stay safe from the preying eyes of a hacker who is perpetually on the look out for ignorant crypto users.

Tor is the best browser/network in the world when it comes to maintaining anonymity on the Internet. While a Virtual Private Network also does a satisfactory job of hiding your IP address, the VPN provider knows your IP address at the end of the day and can point to your Internet traffic on the VPN Server.


Tor, however, takes the game to a different level altogether. It routes your signal through a number of nodes. Each node knows the IP address of only the adjacent nodes. Hence, at no point can someone exploit the details of the whole chain and reach your IP address.


Let’s look at a complete comparison between TOR and VPN in the table below which will help you make the correct choice as per your requirements:

Although transactions on the blockchain are anonymous, the IP address of the computer through which the transactions are carried out can give away your details. VPN or Tor helps combat this by masking your IP Address and making you completely anonymous on the Internet.

You can visit the official website of Tor here to download the browser package.

If you are looking for a reliable VPN,IPVanish,  ExpressVPN and NordVPN are great options to go for.

6. Hardware Wallet for storing cryptos


If you have been using built-in wallets provided by cryptocurrency trading platforms and exchanges, you are making a grave mistake. Such wallets are always susceptible to cyber attacks.

Take the recent breach of the popular cryptocurrency wallet NiceHash, where cyber thieves stole $63 million dollars worth of Bitcoins in a single heist! And there was nothing that their users could do apart from watching their investments vanish within seconds.

The Solution

First things first – let’s look at the basics.

There are mainly two types of crypto wallets:
  • Hot Wallets
  • Cold Wallets
The wallets on crypto exchanges and trading platforms are the hot ones. Although they are easy to transact with, they are also highly insecure and you don’t have access to your private key. If that exchange gets hacked or they decide to shut down, you lose all your crypto assets stored on that particular exchange.

What makes me say so? Statistics!

The total value of cryptocurrency hacks and fails as of January 1st, 2018 stands at a staggering $1 billion in valuation.

I’m sure you don’t want your cryptocurrency portfolio to add to this mayhem.

Cold wallets come to your rescue here as they are not connected to the Internet. And something that cannot be marked on the map cannot be stolen.

Although there are different types of cold wallets, hardware wallets are the most popular ones. A hardware wallet is a tangible physical device that is kept offline but can be connected to the Internet and used whenever needed. They are completely hack-proof since each transaction requires you to press a button on the device. I have never heard of a hardware wallet being hacked.

If you are looking out for the best hardware wallet, Ledger Nano S is the most popular choice in the market. It supports multiple currencies such as Bitcoin, Ethereum, Dogecoin, Ripple, Litecoin, Dash, New, Ethereum Classic, Zcash and few others. You can see the complete list here.

The device is known to be completely tamper-free and water-proof, and also comes with a sturdy design. It uses some powerful cryptography standards to give you round-the-clock protection.

You can also check out our resource on the best Bitcoin wallets to make a more informed decision.

7. Anti Virus


Let’s wrap up the post with the basics – using an antivirus! You will be surprised to know how undervalued this step is among traders.

As discussed earlier, the virtual world is plagued with powerful malware and ransomware that can steal your coins before you know it. Even a basic key logger can track your keystrokes and figure out the password to your email or cryptocurrency wallets.

Thus, having a proven antivirus to back you up can do more than just saving your portfolio. It can protect you from an entire identity theft altogether.

Kaspersky and BitDefender are leading choices when it comes to paid antiviruses. Their databases are constantly updated to provide cover against all the latest vulnerabilities.

Conclusion

When it comes to the volatile market of cryptocurrencies, mere investments are not enough, however ingenious they seem to be. You have to be smart. It makes no sense to build a pile of fortune if it can be taken away in a second, literally.

The future of cryptocurrencies is brighter than the sun and the tale is just getting started. This is the perfect time to get into the market and an opportunity that, if missed, can render you remorseful for the rest of your life.

After all, in the words of Bill Gates, “The future of money is digital currency.”


32
Bitcoin SV / Is bitcoin SV all about cult of personality ?
« on: July 01, 2019, 12:40:53 AM »
What makes bitcoin SV special?
even if the claim of being satoshi vision is real ...
what makes other than fan service ?

33
Bitcoin SV / 101 reason why Craig Wright is NOT Satoshi Nakamoto
« on: June 04, 2019, 11:10:10 PM »
Craig Wright claims to be the infamous Satoshi Nakamoto, however, many experts and early people involved in bitcoin refute his claims.

for one, many believe the late Hal Finney to be the real satoshi : https://www.altcoinstalks.com/index.php?topic=119758.0

But now let's see why Craig Wright is NOT Satoshi Nakamoto.

The below points prove that Craig Wright has been found lying and deceitful on multiple occasions.

I am going to collect information from around the web, thus credit goes to original posters.

1- The PGP keys which allegedly tie Wright to Nakamoto are not convincing and fake according to many. Reference

First, they are alleged to have been created at a certain point in time, but there are good reasons to think not.  No one has found a source for the key in logs from that time, and the ciphers used to create the key were either not common at the time or not in existence at the time.  It is trivial to forge the creation date on a PGP key (just set the clock on your computer back).  So if you were trying to fool an unsophisticated reporter, this would be a good trick to try.

Second, one of the keys is linked to an address very similar to a known Nakamoto email address [email protected] , but which is generally unknown to have ever been used by Nakamoto [email protected].
Also, It's also possible to create a PGP key with a fake date from an email account you don't control.


2- Craig Wright's blog posts from 2009 that supposedly contained key pieces of evidence confirming he was Satoshi Nakamoto were shown to have been created or edited afterwards between 2013-2014 but deceptively dated as 2009. Reference

3- Craig registers the copyright for the bitcoin whitepaper, a copyright can be registered by anyone! And then he uses that to claim to the media again that he is satoshi.

Feel free to add any more weird, fraudulent and inconsistent behavior by Craig Wright!


34
Bitcoin Forum / Who is the Real Satoshi Nakamoto ?
« on: June 04, 2019, 08:59:24 PM »
Followup to Satoshi Nakamoto and the Origins of Bitcoin

The man who disrupted the financial system for good, simply disappeared.
But why then?


His moving away from the project in 2010 and then coming back in 2011 to state that he will no longer be involved means that Satoshi knew he can no longer be involved, either due to terminal disease or due to becoming extra wealthy or due to being imprisoned.

Becoming extra wealthy, does not prevent him from seeking the billions he has!
Quote
Satoshi’s bitcoin address contains about 1,000,000 bitcoins. In December 2017, when the price peaked, he had more than 19 billion dollars. For that short moment, Nakamoto was 44th richest person in the world! And to this day he hasn’t cashed a single bitcoin.


Being imprisoned does not prevent him from cashing out some of them, we all know that computers are available in prisons.
The only possible outcome is that he is dead!

Hal Finney is the probable person behind bitcoin.
Finney was diagnosed with ALS in 2009 and he fought the disease until his death in 2014.
He started the financial revolution but had to retreat when the disease progressed.

When you see his bio in 2011 he mentions his 2009 ALS diagnosis:
https://web.archive.org/web/20110531173653/http://www.finney.org/~hal/

his 2007 bio, shows his interest and skills in cryptography and interest in politics and digital money:
https://web.archive.org/web/20071222202212/http://www.finney.org/~hal/

There are many other clues that point to Hal Finney:

- He was involved in the early crypto community
- He was a computer scientist, libertarian and cypherpunker
- He created his own digital money in the 1990s called CRASH (CRypto cASH)
- He created first reusable proof of work system
- He was advocate of decentralization after the fall of DigiCash
- He posted the first affirmative message about Bitcoin on the forum, he was the first one on the bitcoin network, first one to mine bitcoin, and he received the first bitcoin transaction
- He lived in the same town as Dorian Prentice Satoshi Nakamoto, which name he used to conceal his own

35
Bitcoin Forum / Satoshi Nakamoto and the Origins of Bitcoin
« on: June 04, 2019, 08:40:15 PM »
Satoshi Nakamoto published a White Paper on the cryptography mailing list http://metzdowd.com.

- On October 31, 2008, In his nine-page document proposed “a new electronic cash system that’s fully peer-to-peer, with no trusted third party”.

He then created the bitcointalk forum and posted the first message under the pseudonym satoshi. He also made a website with a domain name bitcoin.org and continued to work on a bitcoin software.

- On 3 January 2009, Satoshi mined the first bitcoin block called the “genesis block”.

- Throughout 2010, Satoshi collaborated with other developers to modify the bitcoin protocol, and was involved in the bitcoin community and corresponded with them frequently. Then all of a sudden he gave keys and codes to Gavin Andersen and transferred domains to members of the community. By the end of 2010, he stopped working on the project.

Then,

- On Saturday, 23 April 2011, Nakamoto emerged once again only to post his last message. When developer Mike Hearn asked him if he is planning to rejoin the community, Satoshi replied:

“I’ve moved on to other things. It’s in good hands with Gavin and everyone.”


Furthermore, Satoshi’s bitcoin address contains about 1,000,000 bitcoins. In December 2017, when the price peaked, he had more than 19 billion dollars. For that short moment, Nakamoto was 44th richest person in the world! And to this day he hasn’t cashed a single bitcoin.

The man who disrupted the financial system for good, simply disappeared.
But why then?


Check the answer in my next post

36
There are several sites that allows you to create a wallet for bitcoin offline- for extra security
How is this possible? If you are offline then you are not interacting with bitcoin blockchain ...
Does anyone knows how this work ?

37


 This has been stated to be a 3 white soldier candle pattern. It clearly does not fit the definition and pattern is invalidated.

What is Three White Soldiers >> https://www.altcoinstalks.com/index.php?topic=85725.0

If you define the upper shadow should not be longer than 20% real body length, so the candlestick 3 will not meet the demands.

So if its not 3 soldiers what it is?

Its an advanced block pattern

If the second and third candlestick or just the third candlestick showed the rising weakness, then it forms an advance block. The progressively smaller real body or relatively long upper shadows on the last candlestick is the sign of weakness. This does not indicate a bearish reversal. The following candle would have to be confirmation of a bearish signal.



38
Cryptocurrency Trading / Three White Soldiers - Dowtern Reversal
« on: December 23, 2018, 04:09:16 PM »
Quote
- Three white soldiers is a bullish candlestick pattern that predicts the reversal of a downtrend.
- The pattern consists of three consecutive long-bodied candlesticks that open within the previous candle's real body and a close that exceeds the previous candle's high.
- These candlesticks should not have very long shadows and ideally open within the real body of the preceding candle in the pattern.

BREAKING DOWN Three White Soldiers



The three white soldiers candlestick pattern suggests a strong change in market sentiment. Without any significant shadows, the market opens slightly lower, the bulls take over the rally all session and close near the high of the day. The pattern may appear during periods of consolidation or following a prolonged downtrend, but the latter represents the most attractive opportunity for traders to take long positions. In addition, the pattern may be preceded by other candlestick patterns suggestive of a reversal, such as a doji.

When trading the three white soldiers pattern, it's important to note that the strong moves higher could create temporary overbought conditions. The relative strength index (RSI), for example, may have moved above 70.0 levels. In some cases, there is a short period of consolidation following the three soldiers pattern, but the short- and intermediate-term bias remains bullish. The significant move higher could also reach key resistance levels where the stock could experience consolidation before continuing to move higher.

For these reasons, traders use the three white soldiers, and other such candlestick patterns, in conjunction with other chart patterns and technical indicators. For example, traders may look for areas of upcoming resistance before initiating a long position or look at the level of volume on the breakout to confirm that there was a high amount of dollar volume transacting. If the pattern occurred on low volume with near-term resistance, traders may wait until there is further confirmation of a breakout to initiate a long position.

The opposite of the three white soldiers is the three black crows candlestick pattern.

examples:






source

39
Reputation, Scams & Phishing / Support Chain Scam ! Listing fake advisors
« on: September 21, 2018, 11:13:07 AM »
Today an ICO advisor posted on LinkedIn about Support Chain listing him as an advisor without his knowledge or approval.

This is a clear sign that the ICO in question is a scam!

"Aly Madhavji 穆亚霖"
Posted:

Quote

ICO Scam Alert for Support Chain.  It has come to my attention that I am listed as an advisor on their site.  I have never heard of them until now.

Alexey Pavlidi please remove me immediately from the website.



Update: another advisor came forward as well with denying being involved in that project.


It is safe to say not to expect any of the members of that team to be involved in the project.

40
Banks & Cryptos / How the central bankers create depressions
« on: September 11, 2018, 07:53:21 AM »

41
Banks & Cryptos / The banking system is a scam, European MP
« on: September 10, 2018, 11:48:13 PM »
Not related to crypto but worth watching


42
Quote
In an interview with Bloomberg at an Ethereum and blockchain conference in Hong Kong, Vitalik Buterin, co-founder of Ethereum and Bitcoin Magazine, commented on the growth of Bitcoin and cryptocurrency in general and says the adoption strategy is just not working anymore.

Bloomberg speculates that the days of “explosive growth” in the crypto markets have likely come and gone, and Vitalik seems to agree:

“The blockchain space is getting to the point where there’s a ceiling in sight. If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.”

Despite his sentiment, Vitalik does provide a glimmer of hope, and calls on those who are already interested to get involved in a more in-depth way.

“Go from just people being interested to real applications of real economic activity.”

Following Buterin’s comments, Ether hit a low of $199 at press time, and many are speculating that the price may fall another 25%.

Although Ethereum remains the most popular platform for startups to build blockchain-based applications, many are speculating that the continued downward pressure on Ether’s price is due to companies who hosted ICOs selling off the Ether they raised.

One thing is certain, the demand for Ether is nowhere near what it was during the ICO-mania of 2017 which caused the price to spike to over $1400 in the very beginning of this year.





43
Cryptocurrency Trading / Ethereum price correction ? Community and platform
« on: September 08, 2018, 11:56:14 PM »
An opinion worth sharing

Quote

There is too much negativity around the price of Ether right now. Let’s talk about some facts.

In January, the price of ether dropped from its all-time high of approx. 1300 USD and it is currently trading in the range of 220 USD losing approx 83% of its value FROM ITS ALL TIME HIGH. Many people are complaining about this huge price drop and areloosing faith in the Ethereum ecosystem.

However, the ETH bull run started around the beginning of 2017. On Jan 1st 2017 the price of ether was 8 USD. From Jan 2017 to it’s all-time high ETHER increased in value of approx. 16250 % ( during this period of time bitcoin increased approx. 650% ).
Such an increase of 16250% leads to price correction and the time has come for ether to correct. How much low will it go? No one knows but one thing is for sure: if you believe in the ethereum community (one of the largest community in the world) and in the technology just hold and buy more if you can afford to do that.

At the moment, there are two working smart contract platforms: Ethereum and EOS.

EOS is said to handle hundreds of thousands of transactions per second. Maybe yes. However, in order to create one EOS account you have to pay 2–20 USD which is unacceptable. Besides, on EOS if you want to run a DAPP (decentralized application), you have to buy RAM, stake some money on CPU and bandwidth. In simple terms, at the moment EOS is too expensive for DAPPS which have to handle millons of users. Hence, EOS is not ready to scale up due to the network high costs.

I would still stick to Ethereum because the community proved to be mature and again, it is the largest crypto community in the world.


44
Cryptocurrency discussions / Opinion : Ethereum is the life of crypto
« on: September 08, 2018, 11:51:00 PM »
I am sharing an opinion below, what your thoughts ?

Quote
Mark my words, the existence/survival of crypto depends on the existence/survival of Ethereum(ETH). To all those ETH haters out there who think ETH -> $0. If that's true then all of crypto dies and BTC will revert back to its old day usage for buying drugs/gambling. 

ETH remains the most mature and widely used platform out there in the crypto world. And I am willing to bet on its survival as a bet on crypto as a whole.


45
Forum Crypto-Monnaies / Les ICOs Francais, Belges ou meme Québécois
« on: September 08, 2018, 11:36:50 PM »
Faut faire une liste a mon avis, vous connaissez des ICOs Francais, Belges ou meme Québécois ?

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