How to create a Cold watch only wallet with your phone during the wait for your Hardware wallet.

1. Download a wallet ,there are a lot of good mobile device wallets out there but since you probably wont be able to tell which one is safe just stick with any one recommended by bitcoin.org ( lets use BlueWallet for this demonstration).

2. Install Bluewallet ,Switch off data, bluetooth, wifi and then put your phone on Airplane mode ,essentially your phone should be offline.

3. Open Bluewallet app and tap the +add/Create Bitcoin wallet tab. Your 12 or 24 word seed will be displayed to you. This is the most essential piece of information for safe custody of your bitcoin. Its for your Eyes Only, never give it up.

4. WRITE IT DOWN on paper . No screenshot no picture. WRITE IT DOWN and make sure to check each word by word and exactly in the order shown on the screen. STORE IT SAFELY ,Physically. You don’t need it anytime soon. Back to the app ,Hit (ok I wrote it down ). You are done creating your wallet.

5. Hit the newly created wallet on the app and select the recieve tab ,your receiving address will be shown to you including its corresponding qr code.

6. Copy or take a screenshot of your receive address . You can use this address to receive your bitcoin from anywhere.

7. Close Bluewallet app and uninstall/delete from your phone.

8. Exit airplane mode and restore internet access to your phone.

9. Re download and install Bluewallet again ,go to add wallet bitcoin , select IMPORT and paste or scan the receiving Address you copied from step 6. Select IMPORT wallet.

10. You have successfully created a watch only wallet capable of receiving your bitcoin from any exchange whiles your seed phrase is totally offline. You can import your seed phrase into your newly acquired hardware wallet or keep it as it is or transfer it to a completely new seed generated by your hardware wallet when its delivered.

submitted by /u/shadyghxst
[link] [comments]

The Best Black Friday 2022 Deals in Bitcoin

submitted by /u/VampireVlad [link] [comments]

source https://www.reddit.com/r/btc/comments/z4ppmx/the_best_black_friday_2022_deals_in_bitcoin/

Binance Releases Proof of Reserves System. Starting with BTC (Bitcoin), every user can verify the assets they own on Binance using a Merkle tree.

submitted by /u/simplelifestyle [link] [comments]

Michigan Gov. Kathy Hochul signs nation’s first cryptocurrency mining ban

submitted by /u/Frog-Face11 [link] [comments]

source https://www.reddit.com/r/btc/comments/z4nb9x/michigan_gov_kathy_hochul_signs_nations_first/

Bitcoin: decentralized nonviolent collective revolt against the man

submitted by /u/roliasedor [link] [comments]

Daily Discussion, November 25, 2022

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

submitted by /u/rBitcoinMod
[link] [comments]

Just Do It!

I ordered the Nodl One node and spent a few hours yesterday setting it up. The set up that I’m using the Sparrow desktop wallet, a Nodl One node, and the BitBox02 hardware wallet to sign transactions. It took me a bit of frustration to connect Sparrow to my node, but now it’s all set up.

If you’re on the fence with getting your own node, do it! I did a test transaction this morning and it was oddly satisfying to send bitcoin through my own node to be broadcast out. This is how you truly don’t trust third parties because if you use the BitBox02, Ledger, etc without your own node you are using theirs.

Just sharing because nobody that I know cares sadly and I wanted to share somewhere!

submitted by /u/ElotElot
[link] [comments]

1 Bitcoin Cash

submitted by /u/1BitcoinWebsite
[link] [comments]

source https://www.reddit.com/r/btc/comments/z3umkn/1_bitcoin_cash/

Block size

Hey all :) i have a question about the Block size ( sry if my english is not the best ). While i am totaly open to increasing the Block size if needed ( like satoshi said), why exactly was it done so often with bch ? I can understand 8 MB, maybe 16 MB in theory but was it really necessary to go to i believe 64 at the moment this Quick? Was there really the need for and how expensive would the transactions be at the moment with 8 or 16 MB in comparison or are there also other reasons which i am unaware of at the moment ? Thanks and have all a great evening/day and stay safe :) greetings and already thank you for your answears :)

submitted by /u/Massakahorscht
[link] [comments]

source https://www.reddit.com/r/btc/comments/z3t0mi/block_size/

Dmitry Reaction to CZ

submitted by /u/nikarga [link] [comments]

Awkward Thanksgiving

submitted by /u/AloneDay8829 [link] [comments]

Chico Crypto: Binance is running a fractional exchange, cites various sources including Bitcoin Cash lending liabilities showing Binance doesn’t have 1:1 reserves

submitted by /u/btcxio [link] [comments]

source https://www.reddit.com/r/btc/comments/z3qbqz/chico_crypto_binance_is_running_a_fractional/

10 Thoughts from 2 weeks in St Kitts / BCH22

I'm sitting in the SKN airport right now waiting for my flight out. As far as I'm aware, I think I'm the last international conference attendee to leave, although there's nothing significant about that, it's just a curiosity.

I thought it might be interesting to make a post with a few thoughts from spending time here with a bunch of other conference attendees and exploring the island.

1. "Bad" news first. Is St Kitts 100% (merchant) adopted? No, not even close. 50% merchant adoption? No, probably not that either. If the criteria is narrowed to retail brick-and-mortar merchants in certain tourist heavy parts of the island? Yes, with those caveats (ie drawing a selective perimeter), it's probably accurate to say 50% of those places accept BCH. Silver lining: It's a non trivial area and they do actually accept BCH. Sometimes it might be more or less smooth (staff familiarity with accepting payments in BCH varies, sometimes the phone used to accept BCH isn't charged etc.), but in nearly all cases where the "BCH accepted here" stickers can be found it is possible to pay in BCH. Staff or technology issues can be managed with a little patience and the staff are happy to facilitate, it's not a hassle or something they find frustrating even if it isn't totally smooth.

2. Several BCH22 attendees spent only BCH while here - no fiat at all. Even if that was partly facilitated by sticking to the BCH accepting areas, I'd say that's very impressive and lives up to the "100% adoption" claim of the event from that person's point of view. I didn't quite manage that (read: I was willing to bend a little for convenience), I used fiat on 1.5 taxi rides (I onboarded one of my taxi drivers, and they agreed to take half payment in BCH) and three or four times at the grocery store next to the hotel, but otherwise for me only BCH for nearly 2 weeks.

3. On St Kitts, BCH is Bitcoin. It's a simple, uncontested fact. I was careful to specify "Bitcoin Cash" when I first arrived, but putting the "cash" part in meant sometimes the locals thought I was offering a choice with USD, so I stopped bothering with that and just said "Bitcoin". Everyone knows exactly what you mean. I expect this to play out similarly in other areas where BCH can build heavy, real-world adoption. I only heard a local mention any other crypto, BTC, ETH or any other, one time when telling me that he was involved in speculating in different cryptos online.

4. The locals have a spectrum of opinions on BCH adoption, but for the most part are interested and curious. No one I encountered was actively hostile to it. As mentioned in point 3, everyone knows about it at least, and many are curious and will ask questions or give their opinion, clearly they are acclimatising to the idea. I talked to a dealer at the casino and asked if they would accept BCH to buy in some poker chips and she said "No we don't take it yet, but it's just money, so I don't see why we wouldn't." Her words unknowingly echoing the "It's just money bro" commercial made me laugh, and it's very clear that people on the island understand the idea of BCH as a currency foremost (a natural conclusion from seeing the BCH accepted here stickers and people paying in BCH) and not as an investment.

5. Of course, some (a minority) of locals are regular BCH users, mostly the ones close to the inflowing tourist satoshis or local BCH accepting businesses, but I expect that to spread outwards throughout the economy over time. Many BCH tips were handed out by conference attendees, and locals who weren't interested in accepting BCH at a shop or as a tip would certainly have realised that doing so was directly costing them an opportunity they could have otherwise grabbed because those BCH politely and immediately flowed towards someone else nearby who would accept them.

6. In hindsight, the conference may have been timed very well at the bottom of the bear market. Coins spent into the economy here were set at a low price, and when the price rises whoever still has some will feel very excited they do.

7. Groups of conference attendees and local adoption forms a kind of "natural peer-to-peer DEX". At times where a venue would not accept BCH, one willing person could pay in fiat and all the conference people could pay them back in BCH, and even when the venue did accept BCH sometimes 1 person paid the tab and everyone else paid them back afterwards. This was of course smooth as butter between attendees from all around the world, and completely avoided the usual hassle of spare change, "Do you have Paypal?", "Do you use split wise?", "What's your account number?" that this kind of situation usually creates. I also saw several instances of direct BCH for cash trades being made.

8. In practice, internet connectivity tends to not be a logistical issue. I was a little worried about this, but it actually was fine. Internet on the island is pretty good, although occasionally has sudden dropouts. I had a local SIM card with phone data provided by Sunny (thanks Sunny!) but for people who didn't or had run out of data, either the BCH accepting venues had their own free Wifi (great combo for merchants accepting BCH) or someone else in the group could provide a hotspot. This combined super well with the point 7 about p2p exchange above.

9. The FTX disaster happening in the background was essentially a non factor in discouraging local adoption, because everyone is using non custodial BCH so is totally unaffected (except to the extent price was briefly down a little bit). I heard some other tourists discussing it though, with one of the group doing a hamfisted job of explaining to his party the difference between FTX and the BCH adoption they were seeing around the island.

10. I'm really looking forward to coming back next year (BCH23!) and seeing how things progress. It's hard to imagine adoption could ever go in reverse given the seeds of a circular economy and the locals overall friendliness to the concept, but who knows. I can certainly see a bit of positive price action and/or a legal tender announcement leading to a lot of buzz and snowballing adoption fast. Also, every day the people closer to the BCH economy will be getting a relative advantage that is absolutely certain and so it will become more prominent over time.

Great work by everyone involved on the ground here, I am very confident St Kitts has the highest per capita non custodial crypto adoption in the world. I think that's a fair summary and I'm sure other conference attendees can chime in with their experience in the comment section. I will also discuss some of this on an upcoming BCH Podcast episode.

submitted by /u/Shibinator
[link] [comments]

source https://www.reddit.com/r/btc/comments/z2zyzv/10_thoughts_from_2_weeks_in_st_kitts_bch22/

Alameda was sending billions of tethers to Binance, Huobi and OKEX. These 3 exchanges are likely in trouble since they likely gave credit for FTT collateral, and had agreements not to margin call Alameda. With FTX going under, these 3 are as f**ked as Coinflex. Get your funds off.

submitted by /u/bobcatjamaica [link] [comments]

source https://www.reddit.com/r/btc/comments/z2x90b/alameda_was_sending_billions_of_tethers_to/

More signs advocating for Bitcoin vs CBDCs are up in multiple locations

submitted by /u/cryptograffiti [link] [comments]

The best explanation of #bitcoin you will ever hear [6:15]

submitted by /u/adulttop100 [link] [comments]

Stop telling people to buy a Ledger when they are about to be rug pulled by a CEX

During the whole FTX debacle, I've watched normies asking how can they take their corn out of exchanges and the most common answers were "easy, just buy a ledger and transfer them there".

That is not the most useful advice for several reasons:

• it might take weeks for their ledger to arrive, it can be already too late
• in this scenarios, people are scared and fragile, they will most likely make a huge mistake in the rush of the moment (buy from a 3rd party because it's cheaper/faster, storing the seed in their computer, etc)
• using a hardware wallet is confusing and magical for normies, most of them will not heed that advice if they are scared of loosing their funds. Most people don't even understand what they are, they think their bitcoin is stored there, they don't understand it's just a transaction signing device.

There is a much simpler message to broadcast: install bluewallet on your phone, transfer your funds there, worry about getting it to cold storage later after researching the topic with more time.

As things stand right now, a hotwallet from a foss app on your phone is infinitely more secure than an exchange. Modern phones are actually extremely well hardened security wise, much better than PCs.

Doing the above is orders of magnitude easier and simpler than going from a CEX to cold storage on a whim.

1. Install bluewallet
2. Write down your seed in 2 pieces of paper.
3. Generate a receiving address.
4. Profit
5. Learn more and get deeper into the rabbit hole.

submitted by /u/MrSommerfeld
[link] [comments]

Well this could have ended badly…(Blockfi Account)

submitted by /u/OrangeMongol [link] [comments]

Harvard Paper recommends central banks to buy Bitcoin

https://www.politico.com/newsletters/digital-future-daily/2022/11/22/harvard-paper-to-central-banks-buy-bitcoin-00070552

submitted by /u/teq22
[link] [comments]

Old Romanian lady tries to sell her goat for bitcoin

submitted by /u/VampireVlad [link] [comments]

Kim Dotcom in live now discussing the Died Suddenly documentary

https://twitter.com/i/spaces/1kvKpmBdwDVGE

submitted by /u/GeneralAkAbA
[link] [comments]

source https://www.reddit.com/r/btc/comments/z2vweq/kim_dotcom_in_live_now_discussing_the_died/

Bitcoin Layer 2 projects

Does anyone know of any layer 2 projects that are built off bitcoin? I already know about lightning and liquid network.

submitted by /u/FuckRobinhood02
[link] [comments]

Prolific BCH borrower and shorter, Genesis, has hired restructuring adviser for bankruptcy proceedings. When you short crypto for dollars, then lose the dollars, you're double screwed. They said it was fine just a few weeks ago too.

submitted by /u/bobcatjamaica [link] [comments]

source https://www.reddit.com/r/btc/comments/z235fo/prolific_bch_borrower_and_shorter_genesis_has/

"Bitcoin Lake" in Guatemala. All these places already accept Bitcoin!

submitted by /u/suuperfli [link] [comments]

End the Fed

submitted by /u/BTCapsule [link] [comments]

What happened to this subreddit?

Seems the only thing being posted here is misinformation shit like:

https://www.reddit.com/r/btc/comments/z186yw/on_jan_1st_2024_all_us_citizens_become_felons_for/

I said it's fake and asked for a source and just got downvoted to oblivion.

or just poor shilling from everyone knows who.

submitted by /u/mybed54
[link] [comments]

source https://www.reddit.com/r/btc/comments/z220lk/what_happened_to_this_subreddit/

Nexo being sued in UK High Court - Cross posting this

https://np.reddit.com/r/Bitcoin/comments/z1p2u4/nexo_being_sued_would_you_trust_them_after_this/

The point is the behaviour and actions of #Nexo. The article outliunes issues of serious concern.

The papers for the case was submitted on 29 September 2022 following actions in March 2021 by #Nexo - this is a live and current case to be heard.

submitted by /u/ConsultancyUK
[link] [comments]

source https://www.reddit.com/r/btc/comments/z215at/nexo_being_sued_in_uk_high_court_cross_posting/

These signs advocating for Bitcoin vs CBDCs are up in multiple locations

submitted by /u/cryptograffiti [link] [comments]

JPM want get out? Usually they always wrong..

submitted by /u/26fm65 [link] [comments]

Binance Exchange Leads in The Number of Bitcoin Reserves

submitted by /u/Material_Manner8274 [link] [comments]

source https://www.reddit.com/r/btc/comments/z16ycj/binance_exchange_leads_in_the_number_of_bitcoin/

The self-custody war is already won.

The fact that fiat tyrants and oligarchs have not yet found a way to eliminate self-custody proves to me that doing so is impossible. They must instead resort to inefficient fiat price manipulation schemes in the hopes of scaring off the masses long enough for them to accumulate as much as possible for themselves. The problem is that making the fiat price go higher brings in more speculators while making the price go lower moves that much more supply into the hands of true believers. Either way, they are doomed to lose their control over the money.

submitted by /u/Apprehensive-Log-849
[link] [comments]

Layer2Labs is building no-KYC Lightning-native DCA which allows you to buy or sell bitcoin directly on your Lightning node

submitted by /u/KAX1107 [link] [comments]

FTX KYC Data: elephant in the room

We've all heard by now that $16 billion was evaporated by FTX, and the exchange was "hacked" for another $600 million last week, but what's happened with the customer KYC and private customer financial info databases?

​

FTX collected this KYC data for millions of users:

​

https://help.ftx.com/hc/en-us/articles/360027668192-Individual-Account-KYC

​

There are also rumors of an FTX employee database leak... that Reddit thread was deleted.

​

I guess this "trust us with your money, personal identity information, bank account details, and privacy, and we'll steal it and sell it all to governments, corporations, and hackers" business model is losing its appeal quickly.

Finally, what gives with the r Cryptocurrency sub? Can't seem to post or do anything without getting censored there?

submitted by /u/clash_is_a_scam
[link] [comments]

source https://www.reddit.com/r/btc/comments/z16rjz/ftx_kyc_data_elephant_in_the_room/

Dear Crypto & Fiat Bros

submitted by /u/2-bit-tipper [link] [comments]

Is it time to invest ?

As a newbie to crypto, is now the right time to put some money into bitcoin due to the massive fall?

submitted by /u/Cheex__
[link] [comments]

How did people buy bitcoin back in 2009 or 2010? Where did they store it?

Is it possible to have access to bitcoin that you got in 2009 or 2010 today?

submitted by /u/BigDino1
[link] [comments]

We need to talk about what DeFi's aims at financial engineering are, and what it is actually perceived as.

submitted by /u/samdane7777 [link] [comments]

source https://www.reddit.com/r/btc/comments/z0exbx/we_need_to_talk_about_what_defis_aims_at/

Btc & Basic economics

Price comes from the intersection of supply of btc and demand of Bitcoin. In my assessment, we all have lived under an artificial and inflated supply of btc for quite some time (ie no one who bought/supplied btc from ftx actually got Bitcoin).

However, now there is a fundamentally new short demand curve move. Perhaps it’s too simplistic analysis, but it still appears the actual supply of Bitcoin is far lower than is being played out in the “market”.

Please help me understand where I may be wrong.

submitted by /u/ConfidentEquipment56
[link] [comments]

Our vision is a lot more popular than we think it is because we still mainly operate within a big astroturfing bubble. But sometimes it does break out.

submitted by /u/i_have_chosen_a_name
[link] [comments]

source https://www.reddit.com/r/btc/comments/z0bg3e/our_vision_is_a_lot_more_popular_than_we_think_it/

All in or DCA?

I'm sitting on some decent cash and about to toss it into BTC and move it off the exchange. I'm curious what you fine folks think on the current state of things. BTC has been fairly sideways for a few weeks. Holding up at $16k fairly strong even after the FTX fiasco. There are things everywhere saying a few other exchanges may be in trouble as well and are trying to hide it. If there is a cascading event that takes down more exchanges could we see lower levels of BTC, say around 12-13k? The difference in buying in now vs these "potential" lower levels for what I'm putting in would be a difference of about .6 BTC. So some pretty big opportunity cost long term if it does dip further. I know many people said we'd never see this current price of BTC again and here we are. I feel as though the risk of missing out on upward momentum from our current levels is greater than potentially falling lower, since other exchanges failing is likely somewhat priced in already.

What are your thoughts? If you had a stack of cash would you just DCA right now, or would you just dump it in and secure the BTC at current levels? Interested in your thoughts!

submitted by /u/Ritopl3s
[link] [comments]

Chainalysis: Something to think about

submitted by /u/Egon_1 [link] [comments]

source https://www.reddit.com/r/btc/comments/yzmna0/chainalysis_something_to_think_about/

I see you Mr. Long BTC🤓

submitted by /u/jrb450 [link] [comments]

Trusted third parties are security holes - Nick Szabo (2001). The root problem is trust. Here's the solution - Satoshi Nakamoto (2008)

submitted by /u/KAX1107 [link] [comments]

ArtBlocks Chromie Squiggles NFT public/free Ethereum mint now live. 1000 NFTs for the first 1000 people.

So as an owner and investor in alot of crypto projects , I want you all to know there is an exciting etheruem nft project called ArtBlocks doing free mints for the Chromie Squiggles for the first 1000 people. I got the email with this information today after i waited for over 3 months, i finally got the email minting is live: -- basically its a free mint on ethereum, and now live at https://chromies.net/ and although im disappointed I only minted a crappy Chromie, it does seem to offer some real tangible benefits for us Chromies owners, such as a free starbucks entry, discounted services and some other things I haven't fully investigated yet.

​

Part of me is also disappointed in the sketch design - in my opinion it takes away from the sweeping contours and beauty that only a real photo can show, just look at a photo of something that seems like 'art' and compare to the NFT sketch, i mean yeah, one is exciting, one is.. Dull

​

On the other hand, it is a nice touch that everything is hand drawn and gives an exclusive feel, for sure.

​

Also, its really interesting to see how much the NFT space is growing, and i think the bear market has really hidden these things out of our view, and makes us think everything is dying.. sure prices are down but development is increasing, and adoption is crazy high.

​

So dont give up on your nfts guys, it is real value and will be a huge part of the world going forward.

​

Mojoan S

submitted by /u/BrokenConsole
[link] [comments]

source https://www.reddit.com/r/btc/comments/yziqoa/artblocks_chromie_squiggles_nft_publicfree/