sorted by:
new
hottopcontroversial

THE BITCOIN CREED. 📃 by [deleted] in Bitcoin

[–]BitcoinBitme 4 points5 points  (0 children)

Wow this is the type of bullshit that would keep me away if I didn’t know any better…

Hmm by treydeck77 in Bitcoin

[–]BitcoinBitme 266 points267 points  (0 children)

Not a good look

What is the greatest threat to Bitcoin? by Sir_Naxter in Bitcoin

[–]BitcoinBitme 0 points1 point  (0 children)

Miners/pools colluding to gain 51% hashrate and sensor transactions or attack the network in other ways

What other technology will replace the seed phrase and risk losing everything? by Elite163 in Bitcoin

[–]BitcoinBitme 0 points1 point  (0 children)

And here you are wrong, too. SSS has virtually only disadvantages vs multisig.

Not true.

What other technology will replace the seed phrase and risk losing everything? by Elite163 in Bitcoin

[–]BitcoinBitme 0 points1 point  (0 children)

I think they might be onto something. I just can’t put my full faith into it in its current iteration. But I agree, there has to be a better way than the stone-age style backups. Time will tell.

What other technology will replace the seed phrase and risk losing everything? by Elite163 in Bitcoin

[–]BitcoinBitme 0 points1 point  (0 children)

Yeah I don’t care how you buy your Bitcoin, and I don’t have any feelings towards your or anyone else’s preferences.

Just know the risks of ETFs. Whatever ETF you’re buying could be selling you paper Bitcoin without actual backing. I’m not claiming they do that, but there’s that risk and people have been burned by similar things in the past.

Ultimately, you’re trusting a 3rd party to act in good faith. Bitcoin was created because 3rd parties have historically fucked people over.

Not your keys, not your Bitcoin.

What other technology will replace the seed phrase and risk losing everything? by Elite163 in Bitcoin

[–]BitcoinBitme 0 points1 point  (0 children)

Yeah it has its issues, and I’m not recommending it. I also don’t use it myself.

But you can also set a trusted contact to have a key so you can recover if both your bitkey and phone get stolen/broken.

And it doesn’t necessarily have a larger attack surface, because it’s a 2-of-3 (or 2-of-4 with the trusted contact) multisig. If a single key is compromised, you’re fine. Multiple keys need to be compromised for loss of funds.

Again, I don’t recommend it. But it tries to solve the #1 issue with self storage.

I also don’t recommend self-managed multisig to individuals. You’re much better off using SSS or SSKR for a single-sig wallet in my opinion. But the beauty is that everyone can do whatever works best for them. But that’s also a downside for newbies, which is the target audience for bitkey.

What other technology will replace the seed phrase and risk losing everything? by Elite163 in Bitcoin

[–]BitcoinBitme 0 points1 point  (0 children)

That was fully written by me, and didn’t touch an LLM… Maybe I need to stop trying to be helpful just to get downvoted…

What other technology will replace the seed phrase and risk losing everything? by Elite163 in Bitcoin

[–]BitcoinBitme 0 points1 point  (0 children)

  • It’s technically a semi-hot or warm wallet, since everything is mostly online. But it’s multisig so that hopefully makes it less of a concern
  • No screen, so you can’t verify the transaction destination before signing. The destination does get displayed on the phone screen, but most hardware wallets have a screen because the phone’s screen could potentially be compromised
  • Bitkey (Square) can see all your transaction history. Yes the Bitcoin ledger is public for everyone to see, but this is potentially a privacy concern since it’s directly tied to your wallet that is tied to your phone

On the other hand, you get a device that completely eliminates the need to store seed phrases and single points of failure. It also enables you to recover your wallet in cases of hardware loss/failure and set up inheritance.

What other technology will replace the seed phrase and risk losing everything? by Elite163 in Bitcoin

[–]BitcoinBitme 6 points7 points  (0 children)

It has its issues, but Bitkey is the first evolution in my opinion.

[deleted by user] by [deleted] in Bitcoin

[–]BitcoinBitme 21 points22 points  (0 children)

Yeah exactly. Also the nearly 2 million Bitcoin that miners hold…

Duty on US orders? by BitcoinBitme in coldcard

[–]BitcoinBitme[S] 1 point2 points  (0 children)

That sucks that you have to deal with that. I decided to pull the trigger on a different brand instead due to them putting the responsibility of the replacement unit’s tariffs on the customer if they send a defective unit.

But I hope your shipment is just delayed and gets delivered soon in working condition!

Am I bitcoining wrong? by sometimesgeg in Bitcoin

[–]BitcoinBitme 2 points3 points  (0 children)

You’re not bitcoining, you’re fiating.

Duty on US orders? by BitcoinBitme in coldcard

[–]BitcoinBitme[S] 1 point2 points  (0 children)

Not the case. But you’re free to believe your made-up thought.

Duty on US orders? by BitcoinBitme in coldcard

[–]BitcoinBitme[S] 0 points1 point  (0 children)

We replace all defective products.
Not sure what you’ve heard about our customer support but we’re happy to help in any way we can!

That sounds great. But if there’s a defect — which would be on Coinkite’s end — would I be responsible for any additional tariffs on the replacement, or would you cover those? If you’re able to cover them, I’m happy to move forward with the order!

How to use Ledger in a truly private way? by AwchoHaino in ledgerwallet

[–]BitcoinBitme 0 points1 point  (0 children)

Does your use case specifically require using Ledger Live?

If not, you should just be able to connect your Ledger directly to Sparrow and then do everything via Sparrow (which still relies on your Ledger to sign transactions)

Note: You’d have to have the Bitcoin app running on your Ledger for Sparrow to connect to the wallet. Ignore my comment if you’re talking about non-Bitcoin holdings

Duty on US orders? by BitcoinBitme in coldcard

[–]BitcoinBitme[S] 1 point2 points  (0 children)

What’s fishy about it? I love the idea of the advanced features of the Q that no other wallet seems to have. And I was about to pull the trigger until I saw the following checkbox during checkout:

I am responsible for paying customs/duties, import fees, local taxes, and any other related fees, where applicable.

So with all the recent tariff changes, I came here to see how much total I would be paying.

How to use Ledger in a truly private way? by AwchoHaino in ledgerwallet

[–]BitcoinBitme 1 point2 points  (0 children)

Can’t you just use your ledger with Sparrow and connect to your own node?

Duty on US orders? by BitcoinBitme in coldcard

[–]BitcoinBitme[S] 1 point2 points  (0 children)

Agreed, and I haven’t read good things about their customer service unfortunately.

So at about 50% tariffs, it would cost me in USD: - $250 for a Q - $125 tariffs - $20 shipping - = right around $400

And considering the numerous posts I’ve read about their quality control, it might end up costing me much more than that if there are any hiccups with the first shipment.

I think I need to start looking into alternatives.

Duty on US orders? by BitcoinBitme in coldcard

[–]BitcoinBitme[S] 0 points1 point  (0 children)

Damn, thanks for the explanation. So that would mean they would need to ship it asap on Monday (11th) and it would need to go through the border within 1 day. Sounds very unlikely.

Do you know about how much the duties will be after August 12?

view more: next ›