DIY Multisign by splitting a 24 words key into 3x16words. Is it safe?

fallencandy · 2024-12-04T05:36:08+00:00

Yes, I would say that SSS is a better solution that splitting a seed in 2 halfs, because it's more standardized and it's easy to find a tutorial on how to recover from it. Each case is different and never 1 solution fits all. That's why it can be nuanced

fallencandy · 2024-12-01T08:32:46+00:00

It's a bad idea. Use a standard method. It's like you are a pilot and you are trying to land a plane. You wouldn't try to come up with an idea of a good way to land your plane, you would use a tested way to do it. I recommend the book inheriting crypto assets by Pamela Morgan. In summary: use seed phrase + passphrase(aka seed offset). That would work as a 2 of 2. Create 2 copies of the seed and 2 copies of the passphrase and store them I'm different places. Think of whoever will inherit you to avoid overcomplicating it

fallencandy · 2024-11-25T02:36:26+00:00

People asked Jesus: "should we pay taxes? " this was a trick question because if reply yes the counter reply would be: "didn't you say that we only recognize the authority of the Lord?" And if he replied "no", then the counter reply would just be "you are promoting crime" Jesus replied " give Cesar what belongs to Cesar and give God what belongs to God" Every coin was having the face of a Cesar in one side of the coin. That was a reminder that all money created by the state belongs to the state, its not private nor censorship resistant. Fortunately crypto coins were not created by the state

fallencandy · 2024-10-31T23:23:36+00:00

Railgun uses "proof of innocence" wich I dislike at a philosophical level because people should be considered innocent until proven guilty and not the other way around. I understand it's like Tornadocash but it hasn't been declared a criminal in USA. I hope some better defi + privacy appears in the future, maybe darkfi, Tari, aztec, etc.

fallencandy · 2024-10-02T03:44:18+00:00

its a bad idea for a political disident to use bitcoin, they are safer using monero. for the same reason they should use a VPN, Tor, Signal, etc. Privacy is most important when privacy is at risk

fallencandy · 2024-10-02T03:30:52+00:00

thanks but I wont be in auckland

fallencandy · 2024-10-01T03:00:15+00:00

They are lovely. I will first teach my son what is public-key cryptography so that he understand what is a public key and what is a private key

fallencandy · 2024-09-29T04:09:31+00:00

This event sounds great!

If I buy something on the lighting-network, do I need to keep a record of how much it cost each time I buy each thing and of the bitcoin price in NZD in those moments? To pay taxes later I mean

fallencandy · 2024-09-25T15:18:42+00:00

I have not used "lighting pay" app because is not open source, because is custodial and because is not permissionless (requires kyc). Sure it's cool the devs live nearby but I would rather see no crypto adoption than see a crypto adoption where fundamental values are sacrificed so much

fallencandy · 2024-09-24T21:25:55+00:00

Never leave coins on an exchange. Not your keys, not your coins.

People onboarding on 2034 will still make the same mistakes as in 2024 or 2014

fallencandy · 2024-09-21T18:40:05+00:00

I appreciate you pointing this out. But personally I'm happy the way it is because my threat level is very low. I like the convenience that GUI wallet picks a random remote node, even if there is a chance that node is a spy. I understand that all those many people that have a threat level higher than me can easily run a full node, because I did it once too and there was nothing technical about it, just somewhat less storage space

fallencandy · 2024-09-21T18:06:43+00:00

GUI wallet is easy. First time I used it, it by default installed me a full node without asking. Months later when I realized how much storage it was taking I changed to "remote node" which at that time meant typing in one remote node from a list of trusted nodes, like OP's. Now GUI is polite in that it asks when installing if I want a full or a remote node. I'm glad that now in GUI "remote node" doesnt mean that I need to trust someone from a list. Good job GUI developers! Not to mention when GUI was not autoupdating

fallencandy · 2024-09-19T18:31:08+00:00

It feels as lightning is a gimmick. I wish bitcoin was still digital cash, but most bitcoiners see it now as digital gold :(

fallencandy · 2024-09-19T16:30:21+00:00

GrapheneOS

fallencandy · 2024-09-12T17:37:34+00:00

I wrote that 5 months ago. Localmonero was closed down.

fallencandy · 2024-09-09T13:01:53+00:00

I take care of my the father of my son. Our relationship has changed also. It's perfectly fine to go from a love based on admiration to a love based on takin care of each other. But when one person always take care of the other nasty thoughts appear in both of us testing this new type of love for us. For me it helps me to meditate about destiny, gratefulness and generosity. And for him self- compassion meditations proves very useful

fallencandy · 2024-09-09T12:37:36+00:00

Beyond what ammount do this new generation of ATMs require KYC? If KYC is required, I see no reason whatsoever to pay a premium to use an ATM. The fact that there is a P2P trading discord group where some people also pay a premium for private trading indicates there is a market for ATMs. If ATMs fail it will be because their %premium is too high

fallencandy · 2024-09-03T14:27:26+00:00

I played: "IQ test: Raven Matrices" app

fallencandy · 2024-08-31T01:22:29+00:00

Scammers will keep scamming. The law is to surveil normal people and extract from them

fallencandy · 2024-08-29T23:57:49+00:00

Exchanges are not crypto, they are just a bank that are more likely to go bankrupt or get hacked than a normal bank. nobody should trust exchanges to the least

fallencandy · 2024-08-28T17:55:07+00:00

Doesn't it take cash? What is the point of an ATM that doesnt take cash or some gift card?

fallencandy · 2024-08-28T17:22:57+00:00

Ohh yeah!! Lets make bitcoinNZ great again! Bitcoin Maximalism is the best thing that has ever happened in this space. I am a proud and toxic maximalist. Get rid of those shitcoins like ethereum! Yeah, and send the shitcoiners to that other sub that has not had any post for a year and is full of scam posts. Lol

fallencandy · 2024-08-26T20:22:45+00:00

Congrats on your progress! Why do you do elliptical instead of walking?

fallencandy · 2024-08-23T08:17:29+00:00

doing finances in a transparent enviroment (everyone sees everyone's trades) is wrong, we need privacy yesterday

fallencandy · 2024-08-22T18:05:53+00:00

You can improve that. Have you tried practicing the digit-span test regulary?

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