BC CRYPTO
Saved by @CodyyyGardner

I've received many questions lately, but by far the most common question is “What's the best way to secure #Bittcoin?”

🧵So here’s a thread with my opinion on securing #Bitcoin

 The first thing to understand is that there’s no "best way", but always a tradeoff.

You can always find ways to make it harder for someone to get your #Bitcoin, but if you over-complicate it, you could end up making it even too hard for yourself - many lost their funds this way.
Your goal should be to balance usability and security the way which works best for you.

This means very different things for different people, depending on your technical experience, understanding of Bitcoin, how much you are holding, etc.
For some, that means leaving Bitcoin on an exchange.

I strongly recommend at least learn to hold your own keys before buying, but if you can’t wait, it’s better to leave it there than holding yourself if that’d make you feel like you have no clue what’s going on.
If you feel ready to take self-custody, you could start with a hot wallet on mobile or desktop. That’s a good step forward, as it means you’re holding your own keys. But this introduces some more new concepts you should get familiar with.
So before doing that, make sure first that you know the basics: how to send and receive, test out with small amounts, try deleting everything and restoring from backup, then continue with real funds, just go at your own pace and don’t rush with what you don’t understand.
Next option is using hardware wallets. This should still be manageable for most “normal” people, without great effort, but again introduces more complexity.

You should make sure to never enter your backup words on a computer, learn to verify addresses on the device, and so on.
If you got that and feel ready to go further to upgrade your security, the next step is learning to use your own node.

Using your own node is an important improvement in terms of security and privacy, as you cease to rely on 3rd parties for interacting with the Bitcoin network.
Without using your own node, you're relying on someone else to interact with the network.

That someone could:

- Know which txs you're interested in - privacy issue
- Provide false information - security issue
- Go/ get shut down - resilience issue

Using your own node fix this
If you have reached this far - using a hardware wallet with your own node, you already made enormous progress. By this point, you should already have some understanding of what’s an xpub, how to verify an address, and why those things are important.
The next step is exploring the different types of hardware devices.

Here again, there are many options and a lot to learn, like supply chain attacks, retirement attacks, and other security concerns. You might come up with different answers for your specific needs.
You should pay extra attention to the trust issue of using just a single option, especially in the case of consumer hardware wallets.

You can consider using an airgapped laptop or an old phone to mitigate that, but there are pros and cons for any choice.
That’s why the final step I could recommend to explore here is using a multisig wallet.

Multisig lets you mix different devices to reduce trust in each one of them, and in case one is compromised - you are still in control of your funds.
There are more options along this scale with different tradeoffs, you could use a hardware wallet with a passphrase, you could do a guided multisig setup with some service provider, and many other options.
My suggestion is to find your personal point where you feel the balance between usability and security matches your needs best.
I just outlined the order I would sort by the most common approaches from the most user-friendly to the most security-minded, now it's on you to choose.
So take your time to learn, read, test, and understand the tradeoff and pitfalls. Ask questions, make sure you know what you’re doing, play with small amounts, then upgrade, just go at your own pace and continuously improve your security.
And just to clarify, I'm not a security expert, just a pleb sharing some experience.

Most cases I've seen of losing funds were because holders didn't care to understand what they use or backup properly, so that's why I warn mostly on that, but DYOR.

Stay safe, stack sats.

More from Crypto

//Bitcoin \U0001d575ack \U0001f410
//Bitcoin 𝕵ack 🐐...
@BTC_JackSparrow
Slow and steady wins the race

Bitcoin is often critized for being slow in everything

But here is the thing: the more you complicate a design early on, the more you push it down a specific road

Get your assumptions wrong, and it's off-road

Thread/
CRYPTO
Dan Held
Dan Held
@danheld
1/ Fear and Bitcoin.

Whenever Bitcoin has a bull run, naysayers try to cope with missing the boat by rationalizing why it will fail through “Fear, Uncertainty, and Doubt” or what we Bitcoiners have nicknamed “FUD.”
CRYPTO , FUD
Advertisement
Ben Kaufman
Ben Kaufman
@_benkaufman
🧵Thread: 10 Rules for Verification on a #Bitcoin Hardware Wallet 👇

Rule #1: DO NOT TRUST THE COMPUTER SCREEN.

The very reason for using a hardware wallet is that your computer IS compromised, trusting it makes using the hardware wallet an expensive security theatre (or 2FA at best).
Always verify on the HWW device screen!

Rule #2: Verify your "receive" addresses BEFORE accepting funds.

A compromised computer can be tricked into displaying addresses that belong to an attacker. The only way to make sure you own the addresses is to display them on the HWW device and verify they match.

Rule #3: Verifying change address should be done by the device when sending funds, not before like receive addresses!

It is pointless at best, and misleading at worst, to verify them beforehand like receive addresses...

All hardware wallets support verifying the change address belongs to you AT TIME OF SIGNING A TRANSACTION.
Verifying before that is pointless and error-prone.

Now let's talk some multisig...
CRYPTO
LiBZ42
LiBZ42
@LiBZ42
1 - Over the years I've learnt a lot of new things that I wish I knew when I first started so I want to make this thread for all the new traders out there who wants to turn their trading into a profitable career 🔥

Will be adding to this thread over time.

17 - Because trading is a game of numbers and probabilities, whenever you see a setup that fits your trading rules and aligns with your edge, you NEED to take the opportunity!

Don't pick and choose, just religiously follow your plan and rules!
CRYPTO
Value DeFi Protocol
Value DeFi Protocol
@value_defi
We are actively working to launch on @binance Smart Chain #BSC .

To make this transition easy & understandable for everyone, we are answering most frequently asked questions here.

Ready? Go! 🔥

1/24

#DeFi #YieldFarming


Q1 - What are the benefits of holding the $VALUE token on the Ethereum Mainnet network? Give me reasons not to sell. Some are assuming that the VALUE token will be abandoned now that vBSWAP is being created. Can you clarify the use case for VALUE?

👉 $VALUE will always be a governance & profit receiving token of the whole ecosystem if staked in #vGov. With the new farming token on #BSC , gvVALUE holders will get extra rewards at BSC if they choose to bridge their gvVALUE to BSC & stake in gvVALUE-B/BUSD 98/2 pool.

Q2 - What do I need to do with my VALUE tokens that are staked in vGov? Is it OK to leave them in the vGov?

👉If you have VALUE but aren't staking in the vGov & you would like to participate in the BSC expansion, you will need to stake your VALUE in the vGov to receive gvVALUE.

If you are staking in vGov but don't see the correct gvVALUE amount in your wallet, go to vGov (https://t.co/udXn5IJtVx) to unlock your gvVALUE from the old contract. There will be a bridge from ETH to BSC to move gvVALUE and vUSD over.
ALL , CRYPTO

You May Also Like

Jeet Heer
Jeet Heer
@HeerJeet
1. Now that Stan Lee is being eulogized far and wide, it's important to remember how marginal Stan Lee and his collaborators (Jack Kirby and Steve Ditko) were in the 1950s and 1960s.

2. Marvel Comics (before that Atlas) was just a cog in the machine of a bottom pulp publisher run by Martin Goodman, the husband of one of Lee's cousins. It was the lowest of the low in the publishing world.

3. Now Mario Puzo (not yet the author of the Godfather) shared offices with Stan Lee in the 1950s and 1960s. Puzo wrote for garrish men's adventure magazines and, like Lee, dreamed of writing a novel & breaking out. But Puzo looked down on Lee.

4. Flo Steinberg, 1960s secretary at Marvel: "They were always making jokes about us. They'd come in and giggle. mario Puzo would look in and would see us all working on his way to the office and say, 'Work faster, little elves. Christmas is coming.'"

5. When JFK was killed, the whole office of Magazine Management was stunned and quiet. Except Lee. He continued working. "He was still working on the comic books," Puzo said. "Like that was the most important thing in the world."
CULTURE
Anu Satheesh \U0001f1ee\U0001f1f3
Anu Satheesh 🇮🇳...
@AnuSatheesh5
Magudeswarar Temple, Kodumudi
#Erode
#Tamilnadutemples 🚩

Situated on the banks of the river Kaveri, Magudeswarar Temple is one among Paadal Petra Shiva Sthalam. Kshetram is famous Parihara Sthala for Naga Dosham and for performing Tarpanam to the departed souls.


There are 3 sannidhi here for Paramashiva, Mahavishnu and Brahma Deva.

Sthala Puranam says that once Adisesha and Vayu Deva placed Meru parvat at the centre to decide who is stronger among them. Parvatam was held tightly by Adisesha and Vayu blew the wind to push Parvatham.


In this struggle, peak of meru  parvatham broke into 7 pieces and fell in different places as precious gems. Diamond fell at  Kodumudi as Magudeswarar. Panchamirtham abhishekam is very famous here. Vanni tree situated here is very old which contains medicinal values.


It is believed that Agasthiya Muni did Prathishta of Shiva Lingam here. As Adisesha is one of the reason for creation of the temple, this is famous Parihara Sthalam for Naga Dosham. It is believed that those who


who take a bath in the river Kaveri and worship paramashiva and mahavishnu, will be cured of diseases and will get relief from all illness.

Om Namah Shivaye
Om Namo Narayanaya
🙏🕉🙏
ALL
Advertisement
\u09a8\u09bf\u09ac\u09c7\u09a6\u09bf\u09a4\u09be
নিবেদিতা...
@NiveditaNarayan
Remembering the Bengali scientist Dr Subhash Mukhopadhyay- the Pioneer of IVF in India, the creator of India's first and world's second child using IVF on his birth anniversary. The Father of IVF in India who was rewarded with suicide was born on 16.01.1931in Hazaribagh.
#Thread


Dr. Subhash was the son of a doctor and studied at the National Medical College in Kolkata after completing his schooling. Fascinated by innovations in gynaecological surgery from his early days as a medical student, he completed his PhD in reproductive physiology +


from the University of Calcutta before going to the Edinburgh University in UK for a PhD in reproductive endocrinology. On his return to India in 1978, he started researching ovulation and spermatogenesis. Soon after, he teamed up with Sunit Mukherji, a cryobiologist +


and Saroj Kanti Bhattacharya, a gynaecologist, to work on a method of in-vitro fertilization for a patient (Bela Agarwal) with damaged fallopian tubes. +


Mukhopadhyay with a double PhDstarted work on IVF techniques in the mid 60s and created history by becoming the first physician in India and second in the world after British physicians Robert Edwards and Patrick Steptoe) to perform the In-vitro fertilisation. +
INDIA
Homestays & Villas
Homestays & Villas
@thehomestays
Best resort on the Ganga at Rishikesh
TRAVEL , TRAVELINDIA , PLACES 2TRAVEL
Adam McKay
Adam McKay
@GhostPanther
1) My Stan Lee story happened when I was in 5th grade. I was visiting NYC with my Dad and had read the address for Marvel in the comics I read constantly. I begged my Dad to take me and to his credit he did. And guess what? It was just an office.

2) We were down in the lobby and I was kind of crushed. I don’t know what I expected, The Thing and the Yancy Street Gang to be sitting around smoking cigars? Anyway, my Dad was taking a beat to figure where we were going next and a guy came up to us.

3) He was wearing a white shirt and tie and said to Dad “Is he disappointed because. The Marvel offices were just offices?” My Dad said yes and then the guy who had gray around his temples and a mustache said “hold on a second” and opened one of those office mailboxes with a key.

4) He then handed me a thick stack of EVERY SINGLE MARVEL COMIC COMING OUT THE NEXT MONTH. “Here you go. Keep reading Marvel comics” he said and then walked off. I left in a daze and about 15 minutes later it hit me “Gray around the temples, mustache... That was Stan Lee!”

5) Later when I wrote on the Ant Man movie I told Kevin Feige the story, the year, look of the guy etc and Kevin said “That’s exactly the kind of thing Stan would do and he would have been there then. That was him.” Rest In Peace Stan Lee and thank you for the comics.
CULTURE


Category Partner: Enkryptopedia