In January, 1934, United States passed Gold Reserve Act which prohibited the Treasury and financial institutions from redeeming dollar bills for gold. A year earlier, in 1933, an Order had made it criminal offense for US citizens to own or trade gold anywhere in the world. In addition, the act granted US president the right to artificially jack gold value in dollar ($26 to $34) which made international gold flew to the states.
10 years later, in 1944, the #Bretton Woods system established. US dollar replaced gold and became the world reserve currency. World economy transformed from backed by gold directly to indirectly through guaranteed convertible US dollars at rate of $35 per troy ounce.
Unlike gold, #bitcoin is fully divisible and portable which doesn’t need a reserve system. However, If US or any nation wants to maintain or establish its financial power, what has happened to gold may happen to bitcoin in some sort of similarity. Be prepared and stay humble.
Correct me if I am wrong: Lightning is a network that moves/modifies multi signed transaction agreement between parties. It does not move bitcoin until a channel is closed and bitcoins are paid to parties as per the final state of agreement on bitcoin network.
Post the url of the picture if it is online. If you have the picture on your local device upload it to nostr.build or any alike service website.
a) How bitcoin transactions work:
https://www.youtube.com/watch?v=Lx9zgZCMqXE
b) How Lightning transactions work:
https://www.youtube.com/watch?v=rrr_zPmEiME
c) The Long Road to SegWit
Just random topics. I put # so I can find similar topics. Don’t know how birdapp works I don’t really use it.
Leveraging your own money is dumb, leveraging others’ money by utilizing news is smart. Don’t be manipulated by the smart.
Silvergate is not the reason of the dip. It doesn’t have the volume for such impact. Whale utilizing the news to liquidate longs is probably what happened.
We shall keep them if we want Nostr to be inclusive.
Apparently the kids have not turned 18 yet.
Yes it can happen to company for sure. My point is there is always trust. You choose open source because you trust a bigger scale of people to verify for you which is totally reasonable.
There are differences between what hardware wallet does and what security chip does to a hardware wallet. You of course can have fully open sourced hardware wallet that’s nothing wrong with it but be aware you do not have security protection against physical hack. Security can not be open sourced, I don’t know how to properly explain it, may be it is like the lock to your home that you will never open source your key pattern to people on the street. But you know even if the lock manufacturer had a copy of the key pattern they never know where you home is (if you bought with cash at store for example).
Just for discussion purposes: How do you make sure the particular download is the legitimate one? The link can be hijacked and give you a fake one at any particular time. It may be OK with famous software, but imagine a world even with tiny things being fully open sourced. How can you tell a particular thing is fully verified by an anonymous internet buddy before you can trust it? How long are you going to wait?
#opensource, do you guys literally check the codes yourself every time updating a hot wallet or cold wallet? If you are, you have my respect of true zealot of bitcoin spirit. If not, are you not effectively trusting others to verify the code?
You can check here to see what parts are open source on Ledger.
They are not entirely closed source. As far as I know only the security chip is closed source which also the reason why Ledger cannot be brute forced even with physical access to the hardware. All open sourced hardware however can.
That’s not how hardware wallets work. It is not just a flash usb that any thing can extract any information from it. It is impossible to access keys from any hardware wallet by normally connecting to a computer. A hardware wallet CAN, however, be brute forced (check Trezor hack on Youtube)
They cannot steal keys. The only way they can mess up with closed source system is generating keys not randomly but you can always roll dices and make your own keys. Open source is good but it is not the only thing important.
You can sell it and make it other people’s problem. If you don’t own then beside paying the landlord to pay the same things that you mentioned you also don’t have the right to sell.