Another good thing about crypto, since you only carry the keys in any way shape or form you like it's easy to "take it with you" when crossing a border, if you ever have to escape the country. Meanwhile anything else can be confiscated at the border.
It depends, a hardware wallet is always good to have, it protects your keys encrypted with a password as well. The alternative would be a so called memory seed, which is essentially just a long password sentence. Memory wallets are not very secure bey default, but if you have to cross a border with the risk of having your keys confiscated it's one good way to do it.
For instance, let's remember the following sentence: "Joe Biden is a puppet who stole the election", now you can generate a public key from that, store crypto in it and use that sentence to regenerate your wallet. It's a very safe way to smuggle crypto over the border as long as nobody knows you own crypto. Tho, this particular sentence itself is not very secure, if you where to use it now, fellow patriots would know your secret key, so would fbi and leftie trolls lurking this site and that's not good ;-)
A hardware wallet on the other hand store your keys encrypted and adds a password/phrase on top of that. So it would not only be hard to guess your private key, whoever tries to access your funds would also need to get their hands on your hardware wallet device. Tho if you lose that device and doesn't have a backup your funds are unreachable.
But without the passphrase it's useless to them, and I still have the seed.
Bingo, it's essentially just an extra layer of security.
What you're talking about is a 'paper wallet' right? I don't fully understand what those are yet, unless it's a piece of paper with your private key. But the electronic address has to be located somewhere?
Yea, paper wallet, memory wallet... it's all essentially the same thing, i.e a very long password or sentence which can be transformed into a public and private key pair. Keys are essentially just very large numbers, like 2^256 bits, not even a quantum computer could crack that in combination with AES encryption, and that's just 32 characters.
The principle is the same as a 12/24 random word seed used for backup in most wallets, a few characters from each word is used to restore the key, but the word is only there to make it easy to memorize. Basically, it's easier to remember: "Joe Biden is a puppet who stole the election" then it's corresponding key which would look something like: "jobiis0a00puwostthel".
And the usage areas are many, just imagine all possible ways a sentence or a bunch of words could be hidden. The possibilities are endless.
In all seriousness tho, Bitcoin and other truly decentralized cryptocurrencies are the only digital asset you can actually own. You own your key pair, the network is worldwide, the software is open source and anyone can setup a node and become a part of the network.
Build protocols, not centralized proprietary shit. Even the globalists know this, just look at where they plan to store the data for their new social credit system. That's right, the Bitcoin blockchain, because obviously they don't want people to cheat with their social credit.
If guns and weapons where the answer then why hasn't anyone killed the banking cartel yet? they are responsible for most of the evil in this world and they've killed millions of people, including good people who discovered ways to become self sustainable.
Power goes out -> I find another power source, if it's worldwide we got bigger problems then money anyway, that's where guns and canned food comes in.
Not your keys, not your coins. Backup your keys, it's a protocol not a bank, that's the whole point, if a third party could restore access for you they could also control your funds.
International banks literally use crypto for international transfers because their swift network sucks and money disappears without trace. Banks want reliable ways to transfer money internationally, of course they'll use whatever protocol that could actually do that.
and will someday control the market just as they do cash.
Cash was initially a receipt for gold, then it became a fractional reserve of gold. Crypto is under your control as long as you use the protocol directly. If you exchange it for "convenience" via any centralized service, like a bank, well then it's you who gave away the control.
I wish you well, and best of luck in your financial dealings, but for now I'm sticking with bullets, beans, and gold...and TP.
Never put all the eggs in the same basket, been buying guns and canned food for years using crypto. I wish you best of luck too, but whatever you do don't store large amounts of money in a bank.
bitch, better get GOYA.
great idea have some of those black beans already
I forgot extra hog meant extra bacon.
Bullets, beans, and band-aids.
You can get vegetables like corn and peas and carrots, too. I've been stocking myself. Plus there's rice in bags and ramen.
Another good thing about crypto, since you only carry the keys in any way shape or form you like it's easy to "take it with you" when crossing a border, if you ever have to escape the country. Meanwhile anything else can be confiscated at the border.
It depends, a hardware wallet is always good to have, it protects your keys encrypted with a password as well. The alternative would be a so called memory seed, which is essentially just a long password sentence. Memory wallets are not very secure bey default, but if you have to cross a border with the risk of having your keys confiscated it's one good way to do it.
For instance, let's remember the following sentence: "Joe Biden is a puppet who stole the election", now you can generate a public key from that, store crypto in it and use that sentence to regenerate your wallet. It's a very safe way to smuggle crypto over the border as long as nobody knows you own crypto. Tho, this particular sentence itself is not very secure, if you where to use it now, fellow patriots would know your secret key, so would fbi and leftie trolls lurking this site and that's not good ;-)
A hardware wallet on the other hand store your keys encrypted and adds a password/phrase on top of that. So it would not only be hard to guess your private key, whoever tries to access your funds would also need to get their hands on your hardware wallet device. Tho if you lose that device and doesn't have a backup your funds are unreachable.
Bingo, it's essentially just an extra layer of security.
Yea, paper wallet, memory wallet... it's all essentially the same thing, i.e a very long password or sentence which can be transformed into a public and private key pair. Keys are essentially just very large numbers, like 2^256 bits, not even a quantum computer could crack that in combination with AES encryption, and that's just 32 characters.
The principle is the same as a 12/24 random word seed used for backup in most wallets, a few characters from each word is used to restore the key, but the word is only there to make it easy to memorize. Basically, it's easier to remember: "Joe Biden is a puppet who stole the election" then it's corresponding key which would look something like: "jobiis0a00puwostthel".
And the usage areas are many, just imagine all possible ways a sentence or a bunch of words could be hidden. The possibilities are endless.
Cigarettes and alcohol.
BUSH beans taste better...
Don't forget guns & ammo.
Better stock up while you can.
A shotgun is a must have.
https://www.youtube.com/watch?v=qsMc-IswG3w
hahaha
In all seriousness tho, Bitcoin and other truly decentralized cryptocurrencies are the only digital asset you can actually own. You own your key pair, the network is worldwide, the software is open source and anyone can setup a node and become a part of the network.
Build protocols, not centralized proprietary shit. Even the globalists know this, just look at where they plan to store the data for their new social credit system. That's right, the Bitcoin blockchain, because obviously they don't want people to cheat with their social credit.
If guns and weapons where the answer then why hasn't anyone killed the banking cartel yet? they are responsible for most of the evil in this world and they've killed millions of people, including good people who discovered ways to become self sustainable.
Power goes out -> I find another power source, if it's worldwide we got bigger problems then money anyway, that's where guns and canned food comes in.
Not your keys, not your coins. Backup your keys, it's a protocol not a bank, that's the whole point, if a third party could restore access for you they could also control your funds.
International banks literally use crypto for international transfers because their swift network sucks and money disappears without trace. Banks want reliable ways to transfer money internationally, of course they'll use whatever protocol that could actually do that.
Cash was initially a receipt for gold, then it became a fractional reserve of gold. Crypto is under your control as long as you use the protocol directly. If you exchange it for "convenience" via any centralized service, like a bank, well then it's you who gave away the control.
Never put all the eggs in the same basket, been buying guns and canned food for years using crypto. I wish you best of luck too, but whatever you do don't store large amounts of money in a bank.
You can have all three, you know...