So I dipped my toe into crypto by buying some ETH. Right now it's sitting on ShakePay. While ShakePay appears quite safe from what I read it's not recommended to keep your crypto on exchange/online wallets like these. I am looking at Ledger Nano S as a hardware wallet, while that looks fine, but if I lose that or if it damaged in some way and I am also out of luck. It doesn't seem much safer than keeping it on ShakePay. So the question I have is if I can have two wallets holding the same ETH? Like one wallet on my PC and the same ETH in a Ledger Nano S. Pretty sure this works the for BitCoin but not sure about ETH.
Be careful moving it. As far as I know the current ETH gas (transfer fee) is quite high. Supposed to change soon correct?
Be careful moving it. As far as I know the current ETH gas (transfer fee) is quite high. Supposed to change soon correct?
Thanks for the warning, didn't even think of the transfer fee. Did some reading on how it works and it's interesting on how it's done. Complicated and annoying, but interesting. It doesn't change based on the amount of ETH your transferring so you don't want to be sending small amounts around.
This seems big to me as well but the market is more or less flat on this news. I'm fairly new to crypto but it is strange to me that the market hasn't reacted positively to this news.
This seems big to me as well but the market is more or less flat on this news. I'm fairly new to crypto but it is strange to me that the market hasn't reacted positively to this news.
because Paraguay doesnt matter as much as China moving against crypto
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Also I don't see how a centralized government acknowledging a decentralized monetary system moves the needle at all.
It's just a big "who cares?"
Not at all almost every Latin American country had officials signing on today.
This is how it starts in places like Africa or Latin America and spreads from there.
What’s it’s current price and what’s it worth are two very different things.
Bitcoin is “crypto” everything starts and stops with it,that should be painfully spelled out to you this last down turn.
Anyone else wondering how the US government managed to get the key to the Colonial Pipeline ransom wallet so quickly?
No, anyone that thinks anything is actually secure from the Government, be it crypto or anything else is an idiot.
When the Government wants something it can have it in the time it takes to make a cup of tea, most times though they are happy to let us live in our fantasy world, the point of making it public was to let everyone know they can access your crypto any time they want, that was the real message.
Anyone else wondering how the US government managed to get the key to the Colonial Pipeline ransom wallet so quickly?
My guess is they stupidly transferred the BTC over to an exchange that the FBI quickly leveraged and got the private keys. Alternatively someone came forward and gave them the private key to a hot wallet.
The key issue with crypto is most people would need an exchange to monetize which is where the government still has leverage. At the end of the day they still need to launder that money as the FBI was able to trace everything going to and from that address. As more and more businesses adopt crypto as payments, its possible we see more vanilla laundering occurring. However, by being able to publicly track the movement of funds, it almost makes it easier to track.
Think following marked fiat USD bills after a bank robbery one by one versus just being able to run a program over the blockchain and do that for you with a click of a button.
My guess is they stupidly transferred the BTC over to an exchange that the FBI quickly leveraged and got the private keys. Alternatively someone came forward and gave them the private key to a hot wallet.
The key issue with crypto is most people would need an exchange to monetize which is where the government still has leverage. At the end of the day they still need to launder that money as the FBI was able to trace everything going to and from that address. As more and more businesses adopt crypto as payments, its possible we see more vanilla laundering occurring. However, by being able to publicly track the movement of funds, it almost makes it easier to track.
Think following marked fiat USD bills after a bank robbery one by one versus just being able to run a program over the blockchain and do that for you with a click of a button.
The FBI just made a huge worldwide series of arrests using an encrypted messenger service they set up just to pull in criminals, essentially they created a highly secure encrypted service just for criminals they had complete access to, it wouldnt surprise me if many of the currant crop of crypto are backdoored by the feds from day one,
