Chasing tails and taking trails 🐾🐾
#SiamStr #ThaiNostrich
A slice of history: The first Bitcoin transaction was 10,000 BTC for a couple of pizzas in 2010. 🍕🪙 #BitcoinPizza
Why #Bitcoin is considered as the future of money:
₿ - Decentralization:
No central authority, enhancing trust and security.
₿ - Limited Supply:
Fixed maximum supply of 21 million, potential hedge against inflation.
₿ - Borderless Transactions:
Fast and low-cost cross-border payments.
₿ - Security:
Blockchain technology ensures transparent and tamper-resistant transactions.
₿ - Financial Inclusion:
Access to financial services for the unbanked.
₿ - Store of Value:
Seen as a potential store of value, akin to gold.
₿ - Programmable Money:
Allows for smart contracts and decentralized applications.
₿ - Growing Adoption:
Increasing acceptance by businesses and institutions.
Carbonara Udon with Bacon
📍 Tsuru Udon, Bangkok, Thailand
Is password manager necessary?
While a password manager is not absolutely necessary, it is highly recommended for most individuals due to the numerous benefits and advantages it provides. Here are some key reasons why using a password manager is considered essential:
🔐 Enhanced Security:
Password managers create and store strong passwords, reducing the risk of hacking and unauthorized access.
🔐 Convenience:
You only need to remember one master password to access all your accounts.
🔐 No Password Reuse:
Unique passwords for each account minimize the impact of a breach on other accounts.
🔐 Secure Sharing:
Password managers enable safe sharing of passwords with trusted individuals.
🔐 Phishing Protection:
Some password managers detect and warn against phishing sites.
🔐 Backup and Recovery:
They often offer backup options in case of data loss.
🔐 Trustworthy Data Storage:
Reputable password managers use strong encryption to protect your data.
In the list of the most valuable assets in the world, Bitcoin moves up to position 12.
#bitcoin
Decentralized money for a decentralized world. 💱🌍
#Bitcoin
#DigitalEconomy
In Satoshi we trust 🙏
#hodl
#bitcoin
Tips to store bitcoin private key safely
Storing your Bitcoin private key securely is of utmost importance to ensure the safety of your Bitcoin holdings. Here are some tips to help you store your Bitcoin private key safely:
฿ - Hardware Wallet: Consider using a hardware wallet, which is a physical device designed specifically for securely storing private keys offline. Hardware wallets are considered one of the safest options as they keep your keys isolated from internet-connected devices.
฿ - Paper Wallet: A paper wallet involves generating your private key and Bitcoin address on a piece of paper. Make sure to create it offline and store it in a secure location, such as a safe deposit box or a fireproof and waterproof container.
฿ - Encrypt Digital Storage: If you choose to store your private key digitally, ensure that the file or document is encrypted with a strong, unique password. Use reputable encryption software for added security.
฿ - Offline Storage: Keep your private key and backups offline as much as possible. Cold storage, where your private key is stored on a device not connected to the internet, significantly reduces the risk of hacking or unauthorized access.
฿ - Multiple Backups: Create multiple copies of your private key and store them in different secure locations. This practice ensures that you have redundancy in case one backup is lost or damaged.
฿ - Avoid Cloud Storage: Avoid storing your private key on cloud storage services or internet-connected devices, as they are more vulnerable to hacking and data breaches.
฿ - Beware of Scams: Be cautious of phishing attempts, scams, and fraudulent schemes that may try to trick you into revealing your private key or recovery seed.
฿ - Keep Software Updated: If you use software wallets or other Bitcoin storage solutions, ensure that they are regularly updated with the latest security patches and features.
฿ - Use Multi-Signature Wallets: Some wallets offer multi-signature functionality, which requires multiple private keys to authorize transactions. This can add an extra layer of security.
฿ - Educate Yourself: Continuously educate yourself about best practices for storing Bitcoin securely. Stay informed about potential threats and vulnerabilities in the cryptocurrency space.
Remember that the security of your Bitcoin holdings ultimately depends on the precautions you take. Safeguarding your private key is essential to prevent unauthorized access and potential loss of funds.
#bitcoin
#notyourkeynotyourcoins
#privatekey
#hardwarewallet
