Riddle:
I can print your lifetime of income in a single second. You work so I don't have to.
Who am I?
Fed
π€£@note1sgs4y55lalp5uhsjyat3vjartzs6pwtzzh9lwumhderq9vwkvr2syqfd3a
I appreciate the β‘ #[0]
I confess I also don't know how it works in detail, perhaps it is possible to verify with an air gap!? But even then it sounds terribly centralized to me. If it was me, I wouldn't use the PIN server verification for that reason. Just use a Bip39 passphrase and you can negate much of the risk of not having a secure element. I guess in the end it depends on ur threat model and the tradeoffs you are willing to make..
PV fren π€
Yes, you can definitely use Jade fully air-gapped with the built-in cam via QR (a great feature imo).
My point is, to get the benefit of the simulated secure element using the PIN server, won't the device need to be connected via USB cable?
Not sure I like this model too much. Doesn't allow for fully air-gapped use.
Fuck Racism!
The UK Is "Rationing" Vegetables... & It's All About Normalization https://www.zerohedge.com/political/uk-rationing-vegetables-its-all-about-normalization
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Coin control is often overlooked as a tool for protecting your privacy. Anyone sending #Bitcoin transactions should practice it or at least be aware of it.
π
A good modern Bitcoin wallet will allow you to view and label individual "coins" or UTXOs (unspent transaction outputs) that together make up your wallet's total Bitcoin balance.
When sending a payment, your wallet bundles together enough UTXOs to cover the payment amount.
This combining of coins could give away secrets about you that will forever be inscribed on the blockchain - no bueno!
For example using a large denomination UTXO for a small payment would leak to the payee (and anyone else watching) information about your BTC balance. You could also accidentally DOX your non-KYC or coin-joined stash by combining their UTXOs with coins you recently bought on Kraken or Coinbase. The list goes on.
Therefore please practice coin control πand use a wallet that lets you do this. Sparrow and Electrum are good examples but there are many others.
Before making a payment, go to the UTXO tab and carefully select the UTXOs you want to use for the payment (this is where labelling comes in handy) keeping in mind the information others might glean from different UTXO combinations. The transaction input for the payment will now comprise only the selected UTXOs, ideally revealing as little information about you as possible.
πtldr: active coin controll through labelling and selecting of UTXOs for Bitcoin transaction inputs is an underused feature that has the potential to greatly enhance your privacy and security.
PVπ€
Thanks, followed
Bitcoiners moving to a new decentralized communications protocol, taking #Bitcoin history with them π§‘
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Bitcoiners moving to a new decentralized communications protocol, taking #Bitcoin history with them π§‘
Good tip thanks, will give it a try. Bisq?
I published a new macro article today: https://www.lynalden.com/broke-federal-reserve/
Since September 2022, the Fed has been operating at a financial loss. This article examines some of the ramifications of that. The main result is that money that would otherwise flow to the US Treasury now flows to US banks and money market funds instead.
Sharing it on Nostr today and Twitter tomorrow. ;)
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Good man! Made the transition from iPhone to Graphene on a Pixel a year ago and not looked back.
depends on what you want to do with ur bitcoin. If you want to spend it regularly from your mobile wallet, then watch-only is probably not for you. If you want more of a cold storage setup and use it mostly to receive only / stack sats (to generate receive addresses and check your balance), then watch-only is a great option. Better security for sure. I use watch-only mobile using Blue Wallet for a small amount of btc. Hope that helps.
PS: watch only wallets are a great way to improve your security. It allows you to monitor your coins and receive directly into cold storage. The private keys never touch your wallet so funds are SAFU.
For desktop I highly recommend sparrow wallet. Works great as a full wallet AND as a watch-only. Its a Bitcoin only wallet with great functionality and UX imo.


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