/biz/ - Business & Finance

[Anonymous No.6950531]

>he doesn't use a hardware wallet in 2018
>he unironically trusts the exchanges which are run by money greedy chinks and poor pajeets

[Anonymous No.6950571]

>>6950531
Not using an airgapped computer with multiple devices encrypted with keys wrapped in tinfoil along with 5 different cryptosteel wallets come on man get with the times

[Anonymous No.6950621]

>>6950531

>he doesn't use a paper wallet in 2018
>he unironically trusts proprietary hardware which may contain a backdoor implemented by money greedy chinks and poor pajeets

[Anonymous No.6950638]

>he doesn't day trade everything in 2018 to stay green

Do you hate money?

[Anonymous No.6950640]

I keep about 20% in a paper wallet.

[Anonymous No.6950652]

>>6950531

TY OP I SOLD 100K OF THOSE DEVICES JUS' NOW

[Anonymous No.6950670]

>>6950531
Call me when they support more than 10 coins.

[Anonymous No.6950673]

>has 73 XRP and 0.074 LTC
>spent hundreds on hardware wallets

[Anonymous No.6950707]

>>6950621
> puts all of his money in a piece of paper that will burn down with your house/gets stolen from a bank safe deposit box by a kike clerk
> doesn't also have access to his funds via the most trusted, open source airgapped hardware wallet that is provably secure and auditable by anybody
> :DDDDDDDDDDDDDDDdd

[Anonymous No.6950764]

>>6950638
Bingo.

[Anonymous No.6950769]

>>6950670
Moron

[Anonymous No.6950792]

>>6950670
80% of the market are erc20 tokens. only coin i'm really missing on ledger is monero.

[Anonymous No.6950804]

I bought 3 ledgers because I thought they could only hold 4 coins each help

[Anonymous No.6950838]

>>6950571
You cant lock in your prices with AirGap though.

[Anonymous No.6950849]

>>6950792
ADA, XVG and BAT aren't ERC20 token.
There is a lot of promising stuff than can't be stored on ledger nano S.

[Anonymous No.6950855]

>>6950804
Giveaway time

[Anonymous No.6950863]

>>6950707
>doesn't realize that you can memorize the private key in a multiple ways
Sad!

[Anonymous No.6950887]

>>6950849
>BAT isn't an ERC20 token
>literally called "Basic Attention TOKEN"

[Anonymous No.6950921]

>>6950849


ADA isn't a coin or a token. Ledger doesn't store PHILOSOPHICAL and SCIENTIFIC dreams

[Anonymous No.6950929]

>>6950531
>he doesn't withdraw the millions he made in 2016 and 2017 and put it first into bank and then into index funds and ETFs

[Anonymous No.6950940]

>>6950531
lol
>not building a faraday cage
>not setting up several monitors to foil van eck phreaks
>not setting up white noise generators and a small fire for max entropy
>not using a mint raspi on a battery pack to generate a private key and then melting it down with thermite

fucking hardware casuals

[Anonymous No.6950969]

>>6950531
Whoever is running a hw ledger didn't get the concept of key pairs and signing.

[Anonymous No.6950980]

>>6950887
You are right.
Still, I can't store most of the shit I own on an hardware wallet.

[Anonymous No.6951002]

i have 3 ledger wallets all stored in several locations along with the seeds being split up into 3 locations with each location having 8 out of the 24 words in a fireproof safe. i use a throwaway lenovo thinkpad laptop running on tailsOSX with a 16gb usb stick running on private hotspot whenever i access my ledger

[Anonymous No.6951025]

>>6951002
t. Edward Snowden.

[Anonymous No.6951064]

>>6951002
>we're in

[Anonymous No.6951068]

>>6951025
the government knows all your information. don't let them take away your precious digital tokens. they can seize your asset at any given time if they have probable cause that you are committing a crime. *tinfoil hat on*

[Anonymous No.6951079]

>>6950531
>he thinks those devices are wallets
Oh boy.

[Anonymous No.6951090]

>>6951025
that includes not paying your taxes on EVERY altcoin trade, which by law is now a taxable event. which means everytime you convert ETH -> BTC you must pay taxes. but fuck that

[Anonymous No.6951107]

>>6951002
when all you had to do was storing that key on a cheap usb stick thats encrypted. Good choice on tails tho.

[Anonymous No.6951128]

>>6951090
so after you burn your last raspberry pi with thermite and USD eventually has to hit your bank account are you going to tell the IRS you just found it

[Anonymous No.6951159]

>>6951128
I've been told they are selling Lambos in Russia too, just to give you an idea.

[Anonymous No.6951173]

>>6951128
no most of us are planning to move to puerto rico to become residents, where crypto gains are not taxed :) read it up. totally legal as of right now. so if you made 10 million dollars, you dont have to pay 3 million in taxes. that 3 million can fund your playboy mansion

[Anonymous No.6951175]

>>6951128
typical ledger casual.

Dumpster dive for food until all federal governments have been toppled and BCH and silver coins are the only means of exchange.

[Anonymous No.6951178]

>>6951159
id rather have 60% of a lambo than live in a third world hell hole thanks

[Anonymous No.6951211]

>>6951178
burger detected - you should go to moscow once, you would maybe learn something

[Anonymous No.6951212]

>>6951178
Read up puerto rico no need for shitty russia where its cold and dirty.

Source: https://coinskim.com/investors-are-exempt-from-capital-gains-taxes-in-puerto-rico/

Act 22 (“The Individual Investors Act”)- Investors that move to the island receive the benefit of not paying any tax on their capital gains (includes cryptocurrencies and stocks). Current Puerto Rico residents do not pay federal income tax. Any cryptocurrencies acquired from the point you become a resident, you will be exempt from paying any short-term or long-term capital gains tax on your profits. All gains need to be realized prior to January 1, 2036 to receive full benefit. The basic requirements entail that you shall be physically present in the island for 183 days of the tax year. You must demonstrate you have a local drivers license, banking account and property. The law allows you a window of 2 years to purchase a residential property on the island. There are many great homes available around the island at below market price. Other requirements include: The investor cannot have a tax home outside of Puerto Rico, cannot have been residents in PR 6 years prior to the date in which Act became effective on January 12, 2012, cannot have a closer connection to United States or any other foreign country than to Puerto Rico, and must file an Annual report with the Office of Industrial Tax Exemption due April 15th including evidence of compliance of conditions and requirements of the grant for taxable year immediately before the filing date of report. In addition, a $5,000 fee is due upon the approval of any grant under Law 22 in addition to fee due with filing of grant application.

[Anonymous No.6951219]

>>6951107
when all you had to do was
>follow the damn train CJ

[Anonymous No.6951225]

>not using blockchain.info in incognito browser mode

[Anonymous No.6951276]

>>6951068
You know just using tailsOS puts you on a 'list' with most governments? They monitor for searches for it too.

[Anonymous No.6951288]

>>6951276
do you have evidence of this? that's a bold claim

[Anonymous No.6951346]

>>6951288
NSA xkeyscore program. Logs everyone who searches for it on search engines or visits the tails website. The NSA say it's used by extremists to communicate securely.

They view tails as a huge threat to their ability to monitor you, so assume you're up to no good if you're using it. There were even some leaked NSA internal presentations on it.

[Anonymous No.6951374]

>>6950940
>>not using a mint raspi
Unironically, this
I dont trust Ledger

My raspi 3b is my cold wallet I use to generate keys and sign txs with a script written by myself

[Anonymous No.6951400]

>>6951211
you should check out our one city, we even stocked the grocery store - don't speak ill of glorious leader too loudly while you're there or you might get a hot load of polonium.

>>6951212

won't be useful for me but I encourage anyone who thinks PR will have electricity by the time they want to cash out to try it

[Anonymous No.6951407]

>>6951374
>I dont trust Ledger
Why not? Do you think there's a "backdoor" in there? How would that even work?

[Anonymous No.6951451]

>>6951288
In light of SPECTRE/MELTDOWN I wouldn't even be sure using tailsOS would provide defence against government snooping. We really are living in Orwellian times.

[Anonymous No.6951559]

>>6951451
>
very true. however, if the government wants to steal MY hard earned money, i will not give up without a huge fight and so should you. i will make sure they have to leap boundaries if they ever want to come close to my erc20 tokens

[Anonymous No.6951655]

>>6951407
1. Trezor has a whole list of hardware vulnerabilities that can be exploited (e.g. lokk up the freeze hack). Haven't read about any such cases for Ledger, but that doen't mean there are none
2. A ledger looks like a hw wallet. If, say, smb notices a ledger in your hands, they know you're a crypto trader. And not just a trader, but a successful one to the point I bothered transferring my wealth to a hw wallet. They might blackmail or beat me up so that I spill the beans. A dusty raspi, on the other hand, raises no such suspicion. A radio-controlled robot on raspi raises even less suspicion.
3. Backdoors are a meme, but software bugs are a real deal. You can pay a team of crypto experts to implement an algorithm, have the code audited, and still there's possibly a bug that might let a hacker access the information. It might be discovered 10 yearrs later, but still. Look up the parity disaster, that is the most recent one. Also, DAO.
I once read in a journal (Scientific American maybe?) about the early days of asymmetric cryptography, and there was an example of an imperfect implementation. Don't remember the details, but it was smt like verifying a signature took longer the more ones the private key contained. That allowed hackers to approximate the number of ones in the private key, which significantly reduced the power needed to brute force it. If it rings the bell for you, plz provide a ref. I would really like to reread that article.
4. Also, there being so many ledgers means they are likely to be a primary target for hackers. A raspi 3b+ is not smt you'd even try developing a hack for hoping to obtain crypto millions.

[Anonymous No.6951735]

>>6951559
you don't need strict security measures to evade taxes. The NSA is not going to hack you to steal your money.
>>6951655
just fucking memorize your seed and get trained to resist torture by 007 you fucking pleb

[Anonymous No.6951742]

>>6951655
ledger is cold store wallet. they won't ever come close to touching your funds. it also requires 2fa authentication and verify transaction using physical buttons on ledger. trust me its secure i own both ledger nano gen 1 and ledger nano s which is gen 2. ledger nano s is so fucking secure no one can hack it. if you think it can be hacked, show me an article of someone who got hacked. only ones who got hacked were the ones who bought on fucking ebay.

[Anonymous No.6951818]

>>6951407
>Nano S is a thing
>therefore, there's a supply chain to attack
you could go even stupider too, lots of DIY boards (Teensy 3.5, STM32 Nucleo) these days have the power needed to do everything the Nano S does with the same level of security

[Anonymous No.6951925]

>>6950921
It will soon tho. ADA support is supposedly coming to Ledger.

[Anonymous No.6951972]

>>6950849
Yep
XVG is not a token it’s a scam

[Anonymous No.6952008]

>>6951925
if an ADA supporter can code why don't they focus on making a product instead of an app for a USB stick?

[Anonymous No.6952033]

>>6950707
>he doesn't take a photo of his paper wallet and post it online in 2018
>widely distributed
>easy to access
>many backups
>no one point of failure

get with it grandpa

[Anonymous No.6952077]

>>6950531

Who fucking cares. Everyone knows the best way to get shitton of money in this shithole of a "market" is manipulation. Join this pump group and get in on the profits too.

discord gg/YQqTCqt

[Anonymous No.6952123]

>>6952008
Dunno. Too many philosophical dilemmas to resolve first by a process of scientific circlejerking, I mean peer-reviewed articles, I guess.

[Anonymous No.6952175]

>>6952033
Where online would you post such sensitive material?

[Anonymous No.6952720]

>>6951742
You sound like a paid shill

The most secure computers have the most bizarre hacks.
Hace you heard of StuxNet? The thing that broke 20% of Iranian nucular centrifuges? Sure, it required 2 states to develop it, but when the world is full of crypto billionaires, I won't be surprised to hear that US somehow developed a hack for ledgers.

The fact that so many ppl place their trust into popular hw wallets is alarming in itself.

Also, those air gapped solutions are not completely secure. Hackers went to such weird solutions as heat and acoustic data transmission to jump the gap.

There's no such thing as "being unhackable". The moment you trust in your computer being uncompromised is when you are most vulnerable.
The only way out is to apply real life steganography and make your crypto vault not look like one. Sure, managing your assets becomes pain in the ass with custom made cold wallets. But it is just a price of security: you can never have something both secure and easily accessible.

Same thing applies to storing paper wallets. If you store it in a book on shelf — that is not secure. If you think a person, who knows you're crypto-rich and knows where you live won't tear off your baseboard searching for a tiny metal plate, you're wrong.
You want your paper wallet to be safe, you should hide it to, that it would take you at least 15' to reach it, when you know its exact location.

[Anonymous No.6953127]

>>6950531
>he doesnt swing trade

Unless you have 50+ btc already and you dont give a fuck anymore, its a terrible deal to have your money locked away.

[Anonymous No.6953169]

>>6950621
did you just post your private key?

[Anonymous No.6953366]

>>6950621
I’m about to be trolled, but I’ll bite. If there really is anything in there I’ll refund it

[Anonymous No.6953449]

>>6953366
>>6953169
Good thing it’s empty, some serious funds moved through there.