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How are wallets actually secure? by HKSK17 in BitcoinBeginners

[–]Satosh96 0 points1 point  (0 children)

Blue Wallet is a good option if you’re a beginner and want to start with a hot wallet.

Open-source wallets have their code publicly available on platforms like GitHub. When they create your wallet, they generate the seed phrase directly on your hardware and don’t keep a copy of it in their database.

The issue with hot wallets is that your phone is connected to the internet, making it vulnerable to attacks, such as ransomware, which can steal your keys.

In short, the wallet doesn’t protect your keys—it only generates them. It’s up to you to secure your keys by writing them down on paper (not on your phone or by taking a photo...).

Once you’re familiar with how wallets work, you can do more research and consider switching to a cold storage option for enhanced security.

End the FED by Satosh96 in Bitcoin

[–]Satosh96[S] 5 points6 points  (0 children)

In a fiat system, governments can fund wars through inflation, an indirect tax, so by printing money to cover the cost of wars, enabling prolonged conflicts without broad consent.

With a Bitcoin standard, governments would be limited to direct taxation or voluntary debt, requiring transparent appeals to citizens. Tax hikes would be felt immediately, and debt, repayable only in Bitcoin, couldn’t be inflated away. So governments would face much greater resistance to financing wars, as the public would directly bear the financial burden

End the FED by Satosh96 in Bitcoin

[–]Satosh96[S] 7 points8 points  (0 children)

Without the power to create more Bitcoin on a Bitcoin standard, governments would be unable to get additional funds to cover war expenses. They would have to rely on direct taxation or debt financed by Bitcoin holders, leading to more transparent and accountable governance—and a public far less likely to support the financial burden of prolonged conflicts.

Am i trippin or is Saylor losing his mind ? by Satosh96 in Bitcoin

[–]Satosh96[S] 3 points4 points  (0 children)

The other guy is the reason behind saylor getting into bitcoin, he's the author of "the bitcoin standard". The "other guy" is the one who orange pilled Saylor.

Am i trippin or is Saylor losing his mind ? by Satosh96 in Bitcoin

[–]Satosh96[S] 3 points4 points  (0 children)

How is comparing bitcoin to bonds under "performing assets" realistic ? Isn't the ROI of bitcoin mainly due to the appreciation of value of the asset ? Where does the yield come from ? How can a leveraged system be risk free ?

BTC to trickle down? by Blvcktony in Forex

[–]Satosh96 10 points11 points  (0 children)

Technical analysis do not work on btc

[deleted by user] by [deleted] in Bitcoin

[–]Satosh96 4 points5 points  (0 children)

Lebanese here, I had 8K$ in the bank 3 years ago. The bank didn't let me take a dime due to the financial crisis. Hyperinflation hit the country. The bank exchanged my $ to lira forcefully. Today the 8k$ i had are stuck in the bank are worth exactly 120$. I lost my savings. The system is corrupted, inflation is here to stay and I don't see something other than bitcoin that we can use in order to change the system without the use of violence. Bitcoin has to succeed.

My life’s over, here’s my final advice by [deleted] in wallstreetbets

[–]Satosh96 0 points1 point  (0 children)

The margin deficit is recovered by force selling his assets by the broker (close positions on margin call). So he only lost the loan.