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Bitcoin proponent: Users’ lack of technical expertise has a higher chance of making them lose their crypto than a hack

Andreas Antonopoulos, a well-known Bitcoin proponent and the author of Mastering Bitcoin, spoke about one of the most controversial topics in the space at present, secure storage of Bitcoin [BTC] and other cryptocurrencies, during a Q&A session on Youtube. Here, the author elucidated Trace Mayer’s statement that a user required Bitcoin Core for network validation, Armory for managing the private keys, the Glacier Protocol for standard operating procedures and a Purism laptop for hardware. He also spoke about the gold standard for the storing cryptocurrency, which would apply for non-technical investors as well. On Trace Mayor’s pre-requisites, the author exclaimed that different groups have its own risk model and tolerance for technical complexity. He added that the important factor is that the technical complexity is a part of the risk model, adding that a user would be at “serious” risk of losing their cryptocurrency is the technical complexity is above their skill level. He went on to elucidate on the reason: “Not because it is stolen, but because your ambition for technical excellence exceeds your current skill level, and you messed up [on the execution]. This applies to every level of technical expertise. There is always a ‘higher level’ of security to achieve, by adding a bit more complexity. Security is not an on / off thing, “it is secure” vs. “it is not secure”.” He further affirmed that the is “no gold standard” that applies to everyone. However, a user can reduce the risks faced by identifying and understanding who could be after their crypto and under what circumstances they could access it. He added: “[…] Whatever else the risk model might [include], then you must balance that against your technical skills. Find which of these risks you can eliminate, in a way that you and anyone designated to help your loved ones… recover your crypto if something happens to you, can execute flawlessly. That is the sweet spot.” This was followed by the author stating that there Trace Mayer’s sweet spot turned out to be Bitcoin Core for network validation, Armory for managing keys, Glacier Protocol for operating procedures and a Pursim laptop for hardware. Andreas further stated that other people have higher standards in comparison, like that of Coinbase, which uses a Faraday cage for cold storage – a room lined with an electromagnetic shield to ensure that it does not leak radio frequencies. However, others don’t have anything that protects their storage room. He said: “Trace is identifying his sweet-spot based on his level of technical expertise […] For 99% of users, this is not right, because 99% of crypto users do not have the technical expertise to execute on a plan of this complexity. As a result, what they will do is over-extend and underachieve on technical execution, standing a much bigger risk of losing their crypto due to key loss than having it stolen by an external adversary.” He continued to say that a user’s lack of technical expertise, over-ambition in execution can result in them losing their cryptocurrency instead of losing them to “some nefarious hacker”. The post Bitcoin proponent: Users’ lack of technical expertise has a higher chance of making them lose their crypto than a hack appeared first on AMBCrypto.

Recent ‘Satoshi’ Tweet From Infamous Bitcoin Inventor Deemed Fake By BTC Developer Jimmy Song

One of the recent causes of conversation lately in the crypto industry after a tweet from pseudonymous Bitcoin inventor Satoshi Nakamoto was posted online. Thought to be authentic, both sides of the Bitcoin Cash split were discussing it, even though it quickly was erased from Twitter, along with the whole account. The original text said, “I do not want to be public, but there is an issue with SegWit. If it is not fixed, there will be nothing and I would have failed. There is only one way that Bitcoin survives, and it is important to me that it works. Important enough, that I may be known openly. He then provides a signature which, on the surface, appears legitimate.” Based on individuals that have more information on this topic, the signature was not real. Jimmy Song, a developer for blockchain that has experience on the Armory Wallet and Paxos, quickly jumped in to discuss this false signature, even creating a forgery to prove it. Song commented, “The Tweet is equivalent to someone that’s ‘proving’ that they ran a marathon in under 2 hours while allowing us to only observe them at the finish line. The nonsense signature is equivalent to someone ‘running’ a marathon in under 2 hours by starting close to the finish line.” He added that Calvin Ayre seems to be assuming that Satoshi still lives as a result of the tweet. Ayre posted to Twitter as well, saying, “Signature from Key 9? ….Satoshi Lives…likely upset at Bitmain and for attacking Bitcoin.” He linked the message to the now-deleted tweet from the Satoshi impersonator. With a little research on the Satoshi Twitter handle, it seems that the account has been around almost as long as Twitter itself, though it only recently began tweeting about the topic of crypto. The account was private still in 2013, and it had less than 50 followers at the time. The sale of Twitter accounts is not new, though the value depends largely on the account and those who follow it. There are even sites that have been specifically created for this purpose. Based on this fact, there’s a strong chance that the writer of the tweet on this account was simply the buyer of the handle.
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Top Bitcoin Desktop Wallets: Exodus, Jaxx, Electrum, Armory, Copay And BTC Core

Bitcoin wallets are essential to keeping your cryptos safe and secure. Without the, you would literally lose them. Scratch that, there really would be no way to store those coins. Your choice wallets will often determine the level of security –of course this is in tandem with other things- you enjoy. But still, you need to be careful about the wallets as they are the first step in keeping your precious cryptocurrencies safe. They serve as custodians of your private keys –these are the passcodes you’ll need to access your wallets at any time. Without those passkeys, retrieving your bitcoins will be an almost impossible task. Top Bitcoin Desktop Wallets In this short article, we’ll be looking at the best desktop wallets for 2018 and beyond. With these wallets, you should improve your chances of keeping your cryptos secure and put of the reach of hackers and criminals. The reality is that desktop wallets, when properly secured are an almost foolproof security measure. That said, let’s jump right in and check out these popular and best bitcoin desktop wallets. Exodus Bitcoin Wallet Exodus is one of the best bitcoin desktop wallets in the industry. Of course, its functions aren’t just restricted to being a bitcoin wallet alone, it also supports the storage of many other altcoins in the industry –30 altcoins as at last count. It has very user friendly interface and features, all of which are designed to help make it incredibly easy to use. Using the wallet is pretty straightforward as it requires no KYC process or anything else. The only necessary detail is an email address. So, if you don’t want to use your personal email ID, you can always create a throwaway email for the purpose. This works on all operating systems and while free, users can unlock some extra features by paying a token. Jaxx Bitcoin Wallet Another popular bitcoin wallet, Jaxx boasts of a wide array of features, many of which you’ll find useful for storing and keeping your bitcoins safe and secure. It supports both bitcoins as well as other cryptocurrencies. Users can store their coins and secure their wallet using its unique PIN feature. Even better, the wallet provides an internally hosted crypto exchange called ShapeShift, where you can trade up to 40 different altcoins. While the wallet doesn’t have the most user friendly interface, its parent company is working hard at improving that. It is compatible with all operating systems and doesn’t cost anything to use the base version. Upgrades and unique features can be gotten at an extra cost. Electrum Bitcoin Wallet Electrum is one of the oldest and most popular bitcoin desktop wallets. Developed in 2011, this wallet doesn’t need the whole blockchain downloaded in order to work. With the wallet, you can effectively determine how much you’re willing to pay for every transaction carried out on it. This customization makes it a favorite for people looking to differentiate between faster bitcoin transactions and the slower ones. This also uses the PIN feature, which means that you are in total control of your wallet. This is why it is called a self-hosted wallet, as it is not hosted anywhere else. Electrum is available on all operating systems and is best suited to users who have a little more knowledge and experience with bitcoin wallets and cryptocurrencies. Armory Bitcoin Wallet Primarily suited to advanced users, Armory is a more secure self hosted bitcoin desktop wallet. Unlike some other desktop wallets that can store other altcoins apart from bitcoin, this one is solely dedicated to bitcoin storage. Users would have to download the entire blockchain to use the wallet. While the aforementioned can be considered as downsides of using the system, the system is also super effective at various other things. For instance, transactions can be self-verified, as against waiting for other nodes to do that for you. There’s also the added perk of creating cold storage wallets as well as multisignature security measures. Thus, providing your coins with multiple security layers that will keep your bitcoins safe and secure from the grubby hands of hackers and cyber thieves. It is available on all operating systems, provides a custom fee feature and is segwit enabled. If you have a large amount of bitcoins to store, and are experienced in crypto storage, this is about the best bitcoin storage wallet you can have. Copay Bitcoin Wallet Created and released to the public by BitPay, Copay is the company’s version of a bitcoin wallet. As a HD multisig wallet, this is a highly user-friendly wallet that everyone, regardless of their experience, can use. Even better, it provides an option for connecting with testnets, without necessarily involving the use of your bitcoins. This makes it a great option for developers looking to run testnet protocols without risking their bitcoins. This is a secure wallet, thanks to its multisig features and is available on all operating systems. Using this wallet attracts zero cost and doesn’t require that much expertise. The only downside appears to be its non-compatibility with segwit. So, if that’s important to you, you might want to check out wallets. BTC Core Wallet Another one that’s meant for advanced users, this has a wide array of features that beginners would find very hard to use or understand. It is currently the official wallet for bitcoin, and is heavy, meaning you’ll have to download the entire blockchain to use it. As a result, you’ll need a pretty solid PC with decent specs to use this as it can be quite the resource hog. BTC Core wallet is not as user friendly as the others –another reason why it’s for advanced users- but it compensates for this by the abundance of features not found in other wallets. This is available on all operating systems, has a custom fee option, is segwit compatible and costs nothing to set up and use. Top Bitcoin Desktop Wallets Conclusion All of the aforementioned desktop wallets are all self-hosted and put you in complete control of your cryptos. Therefore, if you’re looking to completely secure your bitcoins and other cryptocurrencies, these are the best options available to you in our opinion. If you’ll be using them, make sure to secure your computing equipment too. Install anti-malware, anti-spyware and antivirus programs. Avoid visiting shady websites that often serve as a gateway for hackers’ keyloggers and other malicious software. Even better, secure your networks and plug every loophole that hackers can use to infiltrate your network and hack your wallet. Don’t ever take your security for granted and keep your private keys and seed phrases in highly secure areas. This way, you can easily retrieve your bitcoins whenever you want.
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Maximine Coin Surge, eToro Adds TRON, Rakuten and Yahoo, Boss Crypto - Cryptocurrency News

Maximine coin is up more than 700% within the past 30 days. eToro also announced yesterday that they will add Tron TRX to its platform with more than 10 million registered users. Mattie will also talk about Rakuten and Yahoo continuing Mainstream Progression Towards Cryptocurrency as well as Boss Crypto, a crypto investment and education platform. ----------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: Facebook: Telegram: ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: CoolWallet S: Trezor: Ledger Nano S: KeepKey: Read about them here: --------------------------------------------------------------------------------- References: BossCrypto – Crypto Investment and Education Platform Boss Crypto Yahoo and Rakuten Continue Mainstream Progression Towards Cryptocurrency Rakuten Wallet Launch Announced for March 30, 2019 Here’s Why Crypto Maximine Coin (MXM) Jumped 754.5% in March eToro adds Tron TRX to its Platform with More than 10 Million Users -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding

In a continuous declining market, there’s one coin that stood out higher. Maximine Coin or MXM Coin broke a new record of entering into the graph of Top 40 cryptocurrencies with a spike of 30 percent over the past 24 hours. Why MXM Coin Pumped Higher? The value surge is quite surprising because the top crypto assets including Bitcoin, Ethereum, XRP, Litecoin, EOS, Bitcoin Cash, Binance Coin, and many other cryptos are on the way out. Nevertheless, the major concern comes after the spike of MXM Coin trading volume on CoinBene exchange which suspects to have wash trading activities. Despite this decline drive, Maximine Coin’s MXM token is ruling with rising volume among the top 40 cryptocurrencies. At the moment, the MXM’s average trading value counts $159,653,386 which has gained 30.11 Percent over the last 24 hours. Moreover, the coin is trading at $0.096818. Maximin Coin or MXM is presently available at a handful of crypto trading platforms including CoinBene, HitBTC, Coinbit, and Livecoin. Among these exchanges, the highest trading volume is split among CoinBene and HitBTC with pair of USDT, ETH, and BTC respectively. Is there anything Related to CoinBene’s Suspected Wash Trading? Looking closer at the coinmarketcap, the highest trading volume of MXM coin can be seen on CoinBene, the exchange which was once noticed of involving with wash trading activities as reported by Bitwise Asset Management. Reports further revealed that the volume is faked by the exchange itself that results to inflate actual numbers to catch user’s attention. Moreover, the exchange registered in Singapore and doesn’t need KYC for a user to have an account with. To note, the Bitforex exchange where MXM Coin will soon be listed is also based out in Singapore – moreover, Maximine Coin is reportedly registered in the same country. Additionally, recent reports reveal that the coin had gained mainstream concern from Bitforex, a Singapore based trading platform. The firm announced to list MXM coin on its exchange which many speculate and relate the coin’s significant performance with. Heard the news? 👂🏼 Seen the papers? 👀 If you haven't, keep your eyes glued to the screen and your ears wide open because @maximinecoin is coming to @bitforexcom ! 🍻🙌🏼 Details in link below! 👇🏼 — MaxiMine (@maximinecoin) March 26, 2019 What do you think about CoinBene and its trading contribution to Maximine Coin? share your opinion with us  The post Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding appeared first on Coingape.
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