@crunklord420

Cryptocurrency itself through DeFi apps directly provides margin, and gate.io provides both margin and futures as well. yes it has Monero as well. It has every coin you've heard of and quite a few you havent. The list is massive, like i said bigger than monero.

@Coyote

@freemo @Coyote are you sure? It sounds like a Binance.US situation https://support.gate.io/hc/en-us/articles/360006549414-Are-USA-Canadian-Japanese-users-Supported-on-gate-io-

@crunklord420

Positive I use them almost exclusively as my exchange of choice from America and am highly diversified in all sorts of crypto including some pretty obscure stuff.

@Coyote

@freemo @Coyote I think you're either mistaken or gate.io is about to get rekt by the SEC.

@crunklord420

I dunno what to tell you, I just know I am verified on gate.io and have access to all the features I mentioned.

@Coyote

@freemo @crunklord420 Damn, went to get a beer, came back, going to take me 15 minutes to catch up on what was said.

@freemo @crunklord420 @Atlas_Khan @SADIDAS @likho @dave @PestToast @moth

@10grans makeitrain 0.25

@Coyote

Woa big spender.. Now that your in the crypto game I noticed you dropped a few leading zeros from your 10grans tips :)

@10grans @dave @moth @Atlas_Khan @crunklord420 @PestToast @likho @SADIDAS

@freemo @10grans @dave @moth @Atlas_Khan @crunklord420 @PestToast @likho @SADIDAS

@Moon tips me once in a while, I still like to pretend it's one of the things that makes fedi worth my time, so I spend it. You can thank Moon as well, without @10grans I probably wouldn't have even been thinking about it to look back into crypto at all. Been years since I looked at it.

@Coyote

I keep it in my hardware cryptowallet next to hundreds of thousands of dollars worth of investment crypto.. which makes me giggle.

@10grans @dave @moth @Atlas_Khan @crunklord420 @PestToast @likho @Moon @SADIDAS

@freemo @10grans @dave @moth @Atlas_Khan @crunklord420 @PestToast @likho @Moon @SADIDAS

What does a hardware wallet even cost? I mean, if I only have say $500 in crypto, why would I spend $500 on a wallet? (no idea how much they cost).

@Coyote @freemo @10grans @Atlas_Khan @Moon @PestToast @SADIDAS @crunklord420 @dave @likho

A hardware wallet can be as simple as a usb thumbdrive, it doesn't need to be something expensive with a display or anything.

@moth

No a usb tumbdrive cant act as a hardware wallet.. thats just a remote drive, even if you encrypt it it isnt providing you the protection a hardware wallet offers.

For example if you use an encrypted thumbdrive wallet on an insecure computer it can trivially be hacked to steal all your money. Not so with a hardware wallet.

@Atlas_Khan @PestToast @likho @crunklord420 @SADIDAS @10grans @dave @Coyote @Moon

@moth @10grans @Atlas_Khan @Moon @PestToast @SADIDAS @crunklord420 @dave @freemo @likho

"A hardware wallet can be as simple as a usb thumbdrive, it doesn't need to be something expensive with a display or anything."

That's fucking scary... I've moved so many times, and just on your average given day I open a drawer looking for a USB drive to try to pick one out of 10 I have that might work still... I trust my data on a USB drive LESS than I trust that the 3.5" floppy with the love letters from the first chick I was engaged to in the 90s are still readable emails. The temporary nature of data on a USB drive in my house... and durability (half of them have been stepped on at least twice)...

Not sure a hardware wallet is for me.

@Coyote

You dont need to rely on a single hardware wallet or thumb drive.. you can have multiple copies with no need to update them (the money doesnt actually sit on the wallet).

More over there is a 24 word seed phrase that if you save that on paper somewhere it can be used to regenerate your wallet even if you loose all data. However anyone who gets this 24 word phrase could steal all your money if you choose to save the phrase.

@10grans @dave @moth @Atlas_Khan @crunklord420 @PestToast @likho @Moon @SADIDAS

@freemo @Coyote @10grans @dave @moth @Atlas_Khan @crunklord420 @PestToast @likho @Moon @SADIDAS Armory also has/had an option to print paper wallets, which are sheets of paper with the seed code on it as well as a QR code to scan it in later.

wallets are really just encryption keys.

@icedquinn

Yea, though if you are using a hardware wallet you have to write it down by hand, and with good reason (if the seed phrase were sent through USb and ultimately to a printer then it could be compromised on an insecure system).

@10grans @dave @moth @Atlas_Khan @crunklord420 @PestToast @likho @Moon @SADIDAS @Coyote

@icedquinn @freemo @10grans @Atlas_Khan @Moon @PestToast @SADIDAS @crunklord420 @dave @likho @moth

I have a fucking Armory fucking paper wallet saved somewhere as a PDF on a dead hard drive in my closet that I need to fucking do forensics on. I keep thinking, it's a nothing... It's a nothing... It's worth, maybe $200 now, not even enough to build the computer, get the equipment, to do forensics on 20 hard drives (NO idea which dead drive I lost data on that is on...) Someday.

But yea, Armory had paper wallets back in 2014. I lost one. Good shit. LOL.

@Coyote

You might be surprised... I had 100$ worth of crypto left on a hardware wallet from 2 years ago, when i found it it was worth 12,000$

@Atlas_Khan @icedquinn @PestToast @10grans @Moon @moth @dave @SADIDAS @crunklord420 @likho

@freemo @Atlas_Khan @icedquinn @PestToast @10grans @Moon @moth @dave @SADIDAS @crunklord420 @likho

I keep hearing those rumors. But, it was 2014, to the best of my memory, I was broke, and experimenting for about a year at that point, had a USB miner I got for like $50 on ebay, had it running about a week... Had my laptop (macbook air) mining, was thinking it was worth seeing "how it worked" but was bearly able to make it stable. I rememeber being on slushpool, and have since checked that account, nothing, empty, nota... And I know I was like "oh, I think I might have actually made a dollar or to, I gues it works, but it'll take forever to get my money back out of it, rich people who have hardware budgets can make money, not me"

Dumped it all on an Armory paper wallet, think it was worth like $4, maybe. Said, Fuck this shit.

Like 2017-18 maybe saw the PDF, opened it, went "wow, like $5, won't even cover transfer fees to get my money out" or some similar thought... Don't remember, just know I checked it some time around then, and was not impressed enough that it'd be worth the cost of lunch.

So... Yea, BEST case, that's worth... $400? Not enough to build a computer to find the wallet, and then try to open it.

@Coyote same (well, the files might still be there i dunno.) but it was such an insignificant amount btc would have to be up hundreds of thousands of percent to be worth lamenting

@10grans @Atlas_Khan @Moon @PestToast @SADIDAS @crunklord420 @dave @freemo @likho @moth

@Coyote @icedquinn @10grans @Moon @PestToast @SADIDAS @crunklord420 @dave @freemo @likho @moth jesus, watch this end up being like 3 bitcoins

@Atlas_Khan

nah, he said it was worth a few bucks in 2014. At most it's like 15 mBTC.

@Coyote @10grans @Moon @PestToast @SADIDAS @crunklord420 @freemo @icedquinn @likho @moth

@Atlas_Khan @10grans @Moon @PestToast @SADIDAS @crunklord420 @dave @freemo @icedquinn @likho @moth

If, (and it's NEVER going to happen), that were true, I'd be happy to see if I could negotiate for a large enough section of land in Baja with the Mexican government to start a 2a sanctuary community on the beach?

@freemo @10grans @dave @moth @Atlas_Khan @crunklord420 @PestToast @likho @Moon @SADIDAS

"You dont need to rely on a single hardware wallet or thumb drive.. you can have multiple copies with no need to update them (the money doesnt actually sit on the wallet)."

I trust myself so little with my own ability to preserve data locally, that right now I'm reading a how-to on how to put FreeNAS on a Digital Ocean droplet, and if I can build my own VPN (maybe with wireguard).

So, I'm ok with someone of my crypto, which I won't put any money that isn't already almost disposable, into accounts online, without buying a hardware wallet, i think. Ask me again when I have over $1k in crypto. I think it's a scaling issue re-crypto-investment. ?

@Coyote @10grans @Atlas_Khan @Moon @PestToast @SADIDAS @crunklord420 @dave @freemo @likho

You can spend as much as you want on bells and whistles, there's no bottom to that pit. Don't confuse this consumer feature for technical though. Clearly I'm touching on Feelmo's nerve here though, he likes his toys.

@Coyote @moth @10grans @Moon @PestToast @SADIDAS @crunklord420 @dave @freemo @likho Their are paper wallets, though I would not recommend thoses.

@Coyote

It probably isnt worth the cost of a hardware wallet if your going to spend only 500$ and thats the end of it.

They run from about 50$ to 150$ for the two mainstream brands.

@10grans @dave @moth @Atlas_Khan @crunklord420 @PestToast @likho @Moon @SADIDAS

@Coyote @freemo @10grans @Moon @PestToast @SADIDAS @crunklord420 @dave @likho @moth They are not that expensive, Its cold. If you have a cold wallet its functional unable to be taken or fucked with. Better then a normal wallet to for other reasons.

@10grans @Atlas_Khan @PestToast @SADIDAS @crunklord420 @dave @freemo @likho @moth

So, let me see if I have some of the basics, very first off...

The crypto.com account is worth keeping open & even $50 worth of crypto (if you have a DISPOSABLE $50) is worth having right now, if you can do it?

@Coyote @moth @likho @freemo @dave @SADIDAS @PestToast @Atlas_Khan @10grans keep in mind transferring around $50 worth of BTC is hard to justify if you're paying transfer/withdraw fees. It's been expensive to do transfers for the past few days. If you pay low transfer fees it could take a week+ to confirm.

@crunklord420

This is true, but IMO thats one good reason not to invest in bitcoin in the first place. The other crypto are far more appealing IMO.

@10grans @dave @moth @Atlas_Khan @PestToast @likho @SADIDAS @Coyote

@crunklord420

This is why I wish the BCH fork had been the one that took off. I was never really convinced by any of the arguments against increasing the block size, and we'd have had an intermediate solution for scale while engineers work on something for the long-term.

@Coyote @10grans @Atlas_Khan @PestToast @SADIDAS @freemo @likho @moth

@Coyote @10grans @dave @moth @Atlas_Khan @crunklord420 @freemo @likho @SADIDAS the current bubble has the potential to be popping right now. If it were me, I'd wait. Personally just sold half of my shitcoins about a half hour ago.

@PestToast

Yeah, I don't even get why the shitcoins are shooting up in the first place. FOMO, I guess.

If your coin isn't in some way technically superior or more functional (like Ethereum and Monero), then what's the draw supposed to be?

@Coyote @10grans @moth @Atlas_Khan @crunklord420 @freemo @likho @SADIDAS

@dave

I tend to agree, long term the shit coins will die its just a question of when. But I think with the huge surge in adoption everyone is betting on coins they think (and in many cases are wrong) might surge to the top.. in the long run youll see the shit coins die and the coins that deliver on functionality hold their value.

@10grans @moth @Atlas_Khan @crunklord420 @PestToast @likho @SADIDAS @Coyote

@dave @PestToast @10grans @Coyote @SADIDAS @crunklord420 @freemo @likho @moth part of it is just speculation, literally.

@PestToast

I disagree, we arent seeing a bubble but actual value add due to recent surge in adoption along with new functionality. Ethereum's smart contracts have only recently gotten to the point where they can fill the gap along with the surge in defi apps that came from that which filled it.

@Coyote @10grans @dave @moth @Atlas_Khan @crunklord420 @likho @SADIDAS

@freemo

I guess my post wasn't clear, but I was citing all those coins as exceptions that could legitimately overtake bitcoin in the right circumstances, or at least exist in a healthy and sustainable niche.

@PestToast @Coyote @10grans @moth @Atlas_Khan @crunklord420 @likho @SADIDAS

@dave

I was replying to Pest Toasts comment not yours.

@10grans @moth @Atlas_Khan @crunklord420 @PestToast @likho @SADIDAS @Coyote

@Coyote @moth @likho @freemo @dave @crunklord420 @SADIDAS @PestToast @10grans Don't put all you eggs in one basket.

@10grans @Atlas_Khan @PestToast @SADIDAS @crunklord420 @dave @freemo @likho @moth

Seems, the "privilege" is more expensive than this white boy can afford.

@Coyote @10grans @PestToast @SADIDAS @crunklord420 @dave @freemo @likho @moth That reeks of scaming you and controlling you.

@Atlas_Khan @10grans @PestToast @SADIDAS @crunklord420 @dave @freemo @likho @moth

Yea, so far I can't get anything to work in the app. I can't buy (keeps saying payment by debit card declined) and I have some shares from 2-3 years ago worth a few hundred bucks in there in MCO, and I can't sell them. I -thought- the plan looked cool, debit card, like cash app you can keep your prepaid cash card balance in crypto with until the moment you want to spend, but... I can't get it to work.

In theory, they seem a bit ahead (VISA, trading app), but in practice, doesn't seem to be working the last few days.

@10grans @Atlas_Khan @PestToast @SADIDAS @crunklord420 @dave @freemo @likho @moth How did the "privilege" attachment go away?

@Coyote @10grans @PestToast @SADIDAS @crunklord420 @dave @freemo @likho @moth Privileges' can be taken away. Having your card directly attached like that will make it east for the IRS to come after you btw

@Atlas_Khan @10grans @PestToast @SADIDAS @crunklord420 @dave @freemo @likho @moth Yes, not ideal for primary investment maybe, or anything like that, but practical to buy a taco from a taco truck.

@Coyote @10grans @Atlas_Khan @PestToast @SADIDAS @dave @freemo @likho @moth thanks fam

@freemo @Coyote https://cryptogazette.com/gate-io-to-delist-major-coins-such-as-monero-xmr-xrp-and-eos/

Maybe you have a legacy account where they haven't categorized you as American. Their own knowledge base says Americans are limited.

@crunklord420

Not sure what the reason for the discrepancy is. My gate.io account is fairly old I think, so maybe.

@Coyote