STOP USING CUSTODIAL WALLETS

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Mental Outlaw

Mental Outlaw

Күн бұрын

Пікірлер: 664
@Birbusreal
@Birbusreal 2 жыл бұрын
I really hate how nowadays crypto is seen more as a stock then an actual currency.
@paradiseexpress3639
@paradiseexpress3639 2 жыл бұрын
It's only seen as a stock by people who don't actually use it
@theotherohlourdespadua1131
@theotherohlourdespadua1131 2 жыл бұрын
Because that is how it is being sold to the public...
@toxiccan175
@toxiccan175 2 жыл бұрын
Because the majority of interest in it is currency trading and speculation. Crypto won’t usurp controlled centralized currencies if the controllers can help it
@marcogenovesi8570
@marcogenovesi8570 2 жыл бұрын
@@paradiseexpress3639 the point is that nobody actually uses it, so it's only traded as stock or used for tokenomics
@steel5897
@steel5897 2 жыл бұрын
Crypto investors are all moonboys, no one cares about actual use-case or the metaverse or any other BS like that. Someone I know worked on an utility project for scanning NFT collections and spotting undervalued listings and such, hunting for certain traits, and other useful things. The tool had a specific currency attached to it that you had to hold and burn to use the tool's features. Long story short, the value of that coin went up and up and up and up before the tool was even released, but the moment the tool released and it became an actual product, the coin TANKED and kept tanking and never recovered. It turns out less than 5% of holders were actually interested in using the tool, the other 95% were moonboys looking to get in early and get out with profit at the "top" (aka when the tool launches). Moral of the story is, crypto is the most speculative bullshit in existence, it's not about use-case or an actual product at all, it's all tulip mania shit.
@jmtradacc
@jmtradacc 2 жыл бұрын
Runescape gold is a more trustworthy investment than 99% of cryptos
@lukemorgan6166
@lukemorgan6166 2 жыл бұрын
Buying gf Buying gf Buying gf
@escre
@escre 2 жыл бұрын
I would invest heavily in runescape commodities if RWT wasn't a bannable offense
@Aereto
@Aereto 2 жыл бұрын
@@escre Or Jagex is aware of how abusable it is and hence why they stay away from RWT. With Crypto and NFTs, the company's prudence is proven to be spot on
@JamesWilson01
@JamesWilson01 2 жыл бұрын
If you don't own the private keys, you don't own the crypto. It's that simple. I don't know how people still don't get this. So many big exchanges have gone bust, hacked or scammed but people don't learn and keep $$$$$ on exchanges. They literally don't know how to even send a crypto transaction!!! It's not like Electrum or Feather wallets are hard to learn. 30 minutes tops. Extra points for using on offset seed as a decoy 😁
@JamesWilson01
@JamesWilson01 2 жыл бұрын
@@neighbor472 That was my answer too until a few months ago when I tried Feather. If you like Electrum, Feather's basically the Monero version.
@su8z3r03
@su8z3r03 2 жыл бұрын
My oh my....And if your private keys were stolen, Then what could you do?
@JamesWilson01
@JamesWilson01 2 жыл бұрын
@@su8z3r03 Make sure you have backups and that they are encrypted with a very strong password! If you mean the human-readable seed written on papaer, have a look into a feature called passphrase offset. It's very cool and allows you to make a decoy low value wallet if someone reads the words on the paper but doesn't know the secret 😉
@Carnyzzle
@Carnyzzle 2 жыл бұрын
@@su8z3r03 Even if my keys get stolen, the way my hardware wallets works is that they won't be able to access anything unless they know what my seed phrase is
@genialisimo1
@genialisimo1 2 жыл бұрын
I thing you should just keep a % of your crypto assets if you wanna stack/get some interest. Be it crypto or fiat if possible you should never have all your eggs in one basket
@robertg1648
@robertg1648 2 жыл бұрын
As an Amish person, with no password manager, I approve of this video.
@sirjerearchive1342
@sirjerearchive1342 2 жыл бұрын
Why are you using a phone then?
@mikko8579
@mikko8579 2 жыл бұрын
🤨
@SirGarthur
@SirGarthur 2 жыл бұрын
Getting woke, obviously.
@athanasiospapazoglou7310
@athanasiospapazoglou7310 2 жыл бұрын
It's hard work and sacrifice , leaving in an amish paradise
@pictotalk
@pictotalk 2 жыл бұрын
@@athanasiospapazoglou7310 yup
@xmvziron
@xmvziron 2 жыл бұрын
STOP USING CUSTODIAL WALLETS!! I'm tired of seeing them!! All my friends are using them! On Discord they're using it!
@alejomakevids
@alejomakevids 2 жыл бұрын
thank god I left discord a couple of years ago. I feel more at peace.
@RERM001
@RERM001 2 жыл бұрын
@@alejomakevids I got banned without warning on adam something's discord, never used it since.
@MixedVictor
@MixedVictor 2 жыл бұрын
I was on a server right? AND ALL OF THE CHANNELS WERE ABOUT CUSTODIAL WALLETS!
@QmVuamFtaW4
@QmVuamFtaW4 2 жыл бұрын
@@alejomakevids i got banned from discord for having sexual chat with the bot i made.....
@helper_bot
@helper_bot 2 жыл бұрын
exactly what i thought when i read the title, clicked because im interested to knowing crypto because after 5 years i still dont understand why people put transaction logs on the internet
@jaybarton457
@jaybarton457 Жыл бұрын
Investing is a way to set aside money while you are busy with life and have that money work for you so that you can fully reap the rewards of your labor in the future. Invest wisely.
@kennybrown9376
@kennybrown9376 Жыл бұрын
Of course, good and profitable signals are the major key to successful trading.
@davidg.prater
@davidg.prater Жыл бұрын
There is an opportunity for newbies to capitalize on, It's quite a shame people can't see this, trading is everything right now.
@edinsontah595
@edinsontah595 Жыл бұрын
It always success with Gregory Dubravko.
@marvinkrischna8400
@marvinkrischna8400 10 ай бұрын
​@@edinsontah595 no
@Maebbie
@Maebbie 2 жыл бұрын
"I lost x amount fiat currency" "I made x amount of fiat currency but didnt sell" enjoy your inflation
@LuisC7
@LuisC7 2 жыл бұрын
True, doing it for the money when it's gonna be worth nothing unfortunately more soon than I hope
@JamesWilson01
@JamesWilson01 2 жыл бұрын
For storage of large amounts you should make an offline paper wallet (cold storage) which can only accept incoming payments until you connect it to the internet. That's the ultimate based method 👍
@franciskafieh
@franciskafieh 2 жыл бұрын
This is a lot of effort, though... If you're investing big, try a Ledger or a Trezor. Secure if you upgrade frequently and don't give out your keys
@JamesWilson01
@JamesWilson01 2 жыл бұрын
@@franciskafieh I'll admit I haven't tried any commercial hardware wallet but making a paper wallet isn't difficult at all. There are webpages you can download and run offline that print the wallet for you. The difficult part is storing it securely but a bank safe is a good option for that, like it would be for gold etc.
@franciskafieh
@franciskafieh 2 жыл бұрын
@@JamesWilson01 You're right, it's easy to make. Just talking about ease of transferring to sell, make payments, etc. Paper wallet is completely fine if your house doesn't flood and you're going to HODL. But honestly, crypto wallets are pretty cheap. If you're holding millions, you might as well pay a hundred bucks
@JamesWilson01
@JamesWilson01 2 жыл бұрын
@@franciskafieh They both have they're ups and downs. Once you take a paper wallet online to spend something it's now a hot wallet so you have to make a new paper one for cold storage. They're really only convenient for holding, which is what they're designed for. I don't know any real details of hardware wallets other than they're not free and you have to trust them but lots of people say lots of good things about them so there must be advantages there too!
@bearwolffish
@bearwolffish 2 жыл бұрын
I feel you but paper is weak af. Brain is great but has similar issues. The fireproof/waterproof slabs with the tiles, are fully worth it if you have any real amount.
@xmvziron
@xmvziron 2 жыл бұрын
The Bogdanoffs came back from the dead only to say "dump it" one last time
@WiseOwl_1408
@WiseOwl_1408 2 жыл бұрын
They want to make money from it. They don't care about the intended purpose.
@perz1val
@perz1val 2 жыл бұрын
But what is the intended purpose? Crypto has horrendously expensive transaction fees, it's useless as everyday money.
@bhaalgorn
@bhaalgorn 2 жыл бұрын
@@perz1val please inform me of the transaction fees of layer 2s of ethereum, nano, monero. Learn about stuff before talking shit.
@BurgerKingHarkinian
@BurgerKingHarkinian 2 жыл бұрын
@@perz1val wrong. Just because BTC and ETH have (or had?) outrageous transaction fees doesn't mean that every cryptocurrency does.
@TehObLiVioUs
@TehObLiVioUs 2 жыл бұрын
that's what i saiddddd lollllllll 80% of people think of crypto as the numbers game, like a stonk
@taunull
@taunull 2 жыл бұрын
Custodial wallets are a ripoff. Most of them have such a high "minimum withdrawable amount" that even if you make some profit by trading you still can't withdraw it. Granted not all wallets do that stuff and you have to pay gas fees but the wallets that have this arbitrary restriction don't state that before you deposit your funds
@rasic7041
@rasic7041 2 жыл бұрын
@my real name i checked if i can cashout in my country on their site before using their app and it said i can. Now my account is mysteriously restricted after i dumped money on it and i cant sell. Avoid yourself the headache
@isaacandersen1
@isaacandersen1 2 жыл бұрын
I love that you are a crypto person who actually understands the point of crypto.
@XaifaxVT
@XaifaxVT 2 жыл бұрын
"They can't sell your stocks without your permission" - Tell that to Robinhood
@johnchristian7788
@johnchristian7788 2 жыл бұрын
I find it sad that there are still people who use Robinhood because of user interface.
@XaifaxVT
@XaifaxVT 2 жыл бұрын
@@johnchristian7788 It drives me nuts, I got a friend who I routinely bug with the latest crap they do or are found out about who just refuses to move over his portfolio.
@k98killer
@k98killer 2 жыл бұрын
"Not your keys, not your coins." - Max Keiser "It isn't clear to me the benefit of betting on a losing horse when the experience of history has shown us that there are only two real cryptocurrencies. So, listen to shitcoiners at your own peril." - Peter B. Jordanson
@TheRealTedNeal
@TheRealTedNeal 2 жыл бұрын
I was in Voyager early on. I ended up dipping out after they never allowed me to transfer VeChain to my actual wallet even after multiple support tickets submitted. I left and keep everything on my actual wallet now. Glad I did.
@joeycommet45
@joeycommet45 2 жыл бұрын
Live and learn.
@sebotrp
@sebotrp 2 жыл бұрын
Friendly reminder that there are people out there who hold their crypto on exchanges long term some even with a goal of holding for 5+ years so imagine a guy who had like 10 bitcoins that he purchased many years ago for reasonably cheap and he kept those coins on an exchange that went bankrupt without him even realizing as he's one of those who "buy and forget" peopel and one day when he decides to finally after many years check his account only to find out that it doesn't even exist anymore and his bitcoins are now gone.
@MCAndrew360
@MCAndrew360 2 жыл бұрын
ok?
@Frog_Scooper
@Frog_Scooper 2 жыл бұрын
If you don't own the keys, you don't own the crypto. I hate that custodial wallets even exist. It's like having an encryption company keeping all your PGP keys for you
@holdenwinters68
@holdenwinters68 2 жыл бұрын
DON'T use safety deposit boxes. They get seized and "misplaced" all the time.
@jamesedwards3923
@jamesedwards3923 2 жыл бұрын
I have a public playlist explaing this. Also, a lot of finanical institutions are moving away fromit.
@DoublesC
@DoublesC 2 жыл бұрын
6:20 But... but in Web 3.0 you don't need a password manager! Everything is decentralised! So the wallet knows to whom he belongs and who he does not belong! /s
@marcogenovesi8570
@marcogenovesi8570 2 жыл бұрын
It's all magic you know
@cd-yx3nv
@cd-yx3nv 2 жыл бұрын
WHAT DOES /S MEAN I DONT UNDERSTAND I DONT UNDERSTAND I DONT UNDERSTAND I DONT UNDERSTAND I DONT UNDERSTAND I DONT UNDERSTAND I DONT UNDERSTAND THE VOICES THE VOICES THE VOICES THE VOICES THE VOICES THE VOICES
@miuzoreyes6547
@miuzoreyes6547 2 жыл бұрын
@@cd-yx3nv if you're serious, it's a reddit thing where you point out that the sentence is, indeed, sarcasm or a joke. At least I'm pretty sure that's what it means.
@spacepiracy1552
@spacepiracy1552 2 жыл бұрын
@@cd-yx3nv sarcasm indicator either when you want to be obvious about it or are dealing with people who cant tell
@John_Smith100
@John_Smith100 2 жыл бұрын
I HATE THE WEB 3.0! I HATE THE WEB 3.0! I HATE THE WEB 3.0!
@ethandye8764
@ethandye8764 2 жыл бұрын
shit, I lost 2 wallets back in the 2010's that had more than 2 btc I them because I didn't back anything up or write my info down, it haunts me sometimes...
@theultijim
@theultijim 2 жыл бұрын
0:45 this is the first time i've seen mental outlaw genuinely angry and it is the funniest shit ever LOL
@EulerJr_
@EulerJr_ 2 жыл бұрын
That part was funny asf 😂
@steel5897
@steel5897 2 жыл бұрын
It's been nothing but exploits, outages, scams and massive crashes in the crypto market this year. Trust is hard to get and easy to lose. Combine that with actual global recession looming and I doubt this is even close to the bottom. I'm personally not going to hold anything through this, just going to keep some stables in exchanges to try some shorts (I don't recommend doing this)
@highbread817
@highbread817 2 жыл бұрын
I've been trading for the last couple of years If you don't trade massive size then decentralized CEXs like DYDX are a pretty good option
@Fractal_32
@Fractal_32 2 жыл бұрын
This year? Have you never looked into the past, I mean Mt. Gox is the first place my mind goes when it comes to trusting an exchange. (I’m highly critical of exchanges especially since they centralize a decentralized currency.)
@nathanbustamante1479
@nathanbustamante1479 2 жыл бұрын
Wut lmfao 99% of defi is stronger than ever , Eth has never had downtime….
@anythingbutASIC
@anythingbutASIC 2 жыл бұрын
They wanted convienence and comfort what they got was more of the same.
@goredonfreakman5620
@goredonfreakman5620 2 жыл бұрын
>Password manager in (current year) My trusty pile of notebooks, with are inside a safe, buried beneath my dog's house, completely decimates your electrical gay box of spinning disks.
@marcogenovesi8570
@marcogenovesi8570 2 жыл бұрын
FBI: interesting.... (taking notes)
@gestucvolonor5069
@gestucvolonor5069 2 жыл бұрын
But how do you log into your accounts? You dig it up every time?
@morelia1028
@morelia1028 3 ай бұрын
Unfathomably based
@stiprus_garsas
@stiprus_garsas 2 жыл бұрын
doggydoogeroos to the moon
@thischanneldoesntexist6779
@thischanneldoesntexist6779 2 жыл бұрын
"They're gonna auction off your doggy-doo coins." My favorite quote of the month.
@bradenculver7457
@bradenculver7457 2 жыл бұрын
Going to five guys and getting tendies? Truly a cryptokiddy
@58geniusplayer
@58geniusplayer 2 жыл бұрын
The EU is currently working on banning non-custodial wallets
@DISASTERJOE
@DISASTERJOE 2 жыл бұрын
lmao
@tjaytje
@tjaytje 2 жыл бұрын
i would like to see them try, they can and will never stop it!
@kdash2657
@kdash2657 2 жыл бұрын
Lel
@Jupiter__001_
@Jupiter__001_ 2 жыл бұрын
How would they achieve that without surveillance software on every computer? I guess they could use traffic analysis to detect cryptocurrency transfers.
@58geniusplayer
@58geniusplayer 2 жыл бұрын
@@Jupiter__001_ Don’t know, they want to force KYC on every non-custodial wallet😂
@BitcoinNewsTodayLive
@BitcoinNewsTodayLive 2 жыл бұрын
Just added this to our wallet playlist, keep up the great work!
@spurdosparde8197
@spurdosparde8197 2 жыл бұрын
buy high sell low
@ChudBogdanoff
@ChudBogdanoff 2 жыл бұрын
The 0:46 part is a masterpiece. I can’t stop rewatching this
@gr0wnup5
@gr0wnup5 2 жыл бұрын
Modern Money Crimes are so sneaky and public at same time! Pause all activity > File Bankruptcy > Escape with funds 💀
@just-mees
@just-mees 2 жыл бұрын
Crypto bros are just actual chatbots at this point Thanks for making me use keypassSC btw, thanks to your videos I am now completely safe.
@batemanboi9672
@batemanboi9672 2 жыл бұрын
NOT YOUR KEYS NOT YOUR COINS NOT YOUR KEYS NOT YOUR COINS NOT YOUR KEYS NOT YOUR COINS NOT YOUR KEYS NOT YOUR COINS
@cmf1402
@cmf1402 2 жыл бұрын
The corgie clip was perfect.
@Kankooro
@Kankooro 2 жыл бұрын
This just might be the year that trust is lost in crypto.
@AcidiFy574
@AcidiFy574 2 жыл бұрын
Remember the Freedom convoy incident
@astrea555
@astrea555 2 жыл бұрын
>drop this video >btc also drops AAAAAAAAAAAAAH
@MentalOutlaw
@MentalOutlaw 2 жыл бұрын
>XMR is up >Converts [REDACTED] XMR into [REDACTED] BTC always buy the dip anonymously.
@teleprototype
@teleprototype 2 жыл бұрын
@@MentalOutlaw Id rather yeet options contracts. Been doing great in both the bull and bear markets
@Ultrajamz
@Ultrajamz 2 жыл бұрын
The issue is then, it would make using an exchange a big pain to have to keep moving it on and off.
@franciskafieh
@franciskafieh 2 жыл бұрын
It's really not as difficult as it seems. Crypto transfers are (usually) fast depending on the network. I have a Ledger Nano and it's working fine for me. Just make sure you use an exchange with no exchange->wallet withdrawal fees.
@hugohom2280
@hugohom2280 2 жыл бұрын
transactions take a few seconds to a few minutes
@aransin167
@aransin167 2 жыл бұрын
@@franciskafieh what exchange has no transfer fees though?
@franciskafieh
@franciskafieh 2 жыл бұрын
@@aransin167 I'm in Canada and I use newton. They don't charge any fees themselves, and they cover up to $5 worth of network fees. If u want to try it out, lmk and I'll give you a promo link so that we can both make some money lol. They have some of the best buy rates in canada. not sure if it's available outside of canada, might wanna check that out...
@franciskafieh
@franciskafieh 2 жыл бұрын
I've never paid fees to withdraw. It will tell you before you withdraw if it is going to charge you, which is amazing. The only coin you might be paying network fees on is ETH, because the gas is so high.... Everything else I've tried... BTC, a bunch of altcoins, I've never been charged
@Dread_Pirate_Roberts_2013
@Dread_Pirate_Roberts_2013 6 ай бұрын
Man, you are an educator, thanks for this video! I wish I have known you before
@HeckenSalad
@HeckenSalad 2 жыл бұрын
I've always been kinda hesitant about password managers, but I think this video has pushed me over the edge to get one and start changing all my passwords and whatnot
@maridiancrest243
@maridiancrest243 2 жыл бұрын
You trust a password manager to not have backdoors?
@ashes4ashes174
@ashes4ashes174 2 жыл бұрын
they don’t make fucking tenders at five guys
@colonelhacker3661
@colonelhacker3661 2 жыл бұрын
That's what I wanted to say.
@RatchetRorschach
@RatchetRorschach 2 жыл бұрын
secret menu, go ask the CUSTODIAL behind their toilets
@zeos386sx
@zeos386sx 2 жыл бұрын
Possession is 9/10ths of the law as they say.
@alejowtf917
@alejowtf917 2 жыл бұрын
I was using Voyager because they offered 9% return on USDC, it was my college fund (I know) so I wanted to make some percentage off it since I wasn’t gonna use it for anything else besides its intended purpose. Lesson learned anyways
@your-mom-irl
@your-mom-irl 2 жыл бұрын
did you just lose everything?
@franciskafieh
@franciskafieh 2 жыл бұрын
Yeah, that's the thing. Afaik Voyager had some of the best yields, but you need to transfer your crypto to their exchange to get the yields... I think most of those 'lending exchanges' work like that. Even if you have a hardware wallet, it becomes useless if your money isn't in it lol. Just gotta stick to normal staking I guess...
@pjd418
@pjd418 2 жыл бұрын
anyone who guarantee's roi is a scam period
@alejowtf917
@alejowtf917 2 жыл бұрын
@@your-mom-irl yeah. At least it wasn’t that much. I work full time to pay for my tuition so I just have to start working even more to recover the losses. I feel bad for the people that lost even more
@your-mom-irl
@your-mom-irl 2 жыл бұрын
@@alejowtf917 damn dude. i hope a class action or something can get you some money back
@vimproved
@vimproved 2 жыл бұрын
I said this like 4 months ago, but it's even more true now that cryptobros are speedrunning the reason banking regulations exist
@uuu12343
@uuu12343 2 жыл бұрын
Now, I'm no cryptographer yet, Im now just doing my Cryptography module but... I'm fairly sure the concept or learning points of crypto...is to secure your private key Secure your goddamn seed phrases Why is that so difficult to understand, especially if you're dealing with cryptocurrency Especially if you hold 2.5 million worth of cryptocurrency too
@GhostofTradition
@GhostofTradition 2 жыл бұрын
Bitcoin only. Keep it off an exchange. Own your keys.
@Crus0e
@Crus0e 2 жыл бұрын
Thanks! You are like the tech savvy older brother I never had
@YouShortz22
@YouShortz22 2 жыл бұрын
I've been saying this for years. I keep all mine on the ledger. Big 🧠
@Vamooso
@Vamooso 2 жыл бұрын
I like how you do the hard thinking for us (:
@Zakanuva
@Zakanuva 2 жыл бұрын
Kinda unrelated, but I gotta say that including a Fort Knox walk-in gun safe with an Atlas Survival Shelters sticker on it in your B-roll footage is pretty freaking based!
@exorr81
@exorr81 2 жыл бұрын
Even the original bitcoin wallet on your Windows PC is safer than custodian wallets xd I actually just got myself a ledger nano s and so far im pretty happy
@omt4873
@omt4873 2 жыл бұрын
I like how certain platforms advertise defi on centralized exchanges
@CU.SpaceCowboy
@CU.SpaceCowboy 2 жыл бұрын
backup important stuff to dvd. wont f up. like ever. not affected by magnets. doesn’t one day randomly f up and lose data
@szpajsier
@szpajsier 2 жыл бұрын
CDs/DVDs may rot after few years, depending on quality. Be sure to "refresh" your backups regularly.
@dontrelljanuary9899
@dontrelljanuary9899 2 жыл бұрын
I’m at work laughing way too hard. Gotta come back and watch this later 😭
@oniondip_420
@oniondip_420 2 жыл бұрын
Lol I used voyager for like a month two years ago but never fully closed my account due to the fractions of a cent left over after I emptied all my money out, hoping that one day I’d be able to squeeze another cent or two out of the account lol. But more realistically I never open the app ever and only get emails from the company and watching them slowly go belly up has been actually very entertaining lmaoooo
@Catge
@Catge 2 жыл бұрын
Thank you for the advice as usual Kenny
@travis5732
@travis5732 2 жыл бұрын
This aged very well
@namenlosNamenlos
@namenlosNamenlos Жыл бұрын
True indeed.
@adult93
@adult93 2 жыл бұрын
Damn your impression with the doggie doos had me rolling
@semioval
@semioval 2 жыл бұрын
What ia kudistoal wallets? I don't know about it
@MentalOutlaw
@MentalOutlaw 2 жыл бұрын
Give me all your crypto, and I'll totally keep it safe™ That's what a custodial wallet is.
@robertpaulson8790
@robertpaulson8790 2 жыл бұрын
Well if you spell the word the way it says in the title and type it into a search engine instead of youtube you can find out
@stiprus_garsas
@stiprus_garsas 2 жыл бұрын
e. g. binance and similar
@JamesWilson01
@JamesWilson01 2 жыл бұрын
Where you don't (exclusively) own the private keys to the wallet.
@the_null_man
@the_null_man 2 жыл бұрын
@Rise Of Gru 🅥 the balls to say it in the same chat as the channel creator XD (P.S. I know that it's a bot, I just find it funny)
@Yor_gamma_ix_bae
@Yor_gamma_ix_bae 2 жыл бұрын
As soon as I saw that they were lending based on crypto . I knew it was going to blow up. Lending on a volatile currency has to be the dumbest idea anyone has come up with .
@stpnproskurnin
@stpnproskurnin 2 жыл бұрын
I`ll watch it later, but my like is already yours! Keep on!
@computerscience5803
@computerscience5803 2 жыл бұрын
could you share with us your IT journey? would love to know about your experience
@willd4686
@willd4686 2 жыл бұрын
With a hardware wallet you still need to store your recovery phrase.
@idontwantachannelimjustcom7745
@idontwantachannelimjustcom7745 2 жыл бұрын
As soon as you said internet money i instantly went to south park when cartman made a viral video and wanted his internet money. Then the Mt gox meme of "and its gone".
@JamesWilson01
@JamesWilson01 2 жыл бұрын
Anyone have any thoughts on which way Monero is going to go? Positive: There's a network upgrade in August with more privacy features and probably multisig transactions which are much more secure against theft. Also it's got the first mover advantage as a privacy coin. Negative: Bitcoin is introducing privacy features such as Lightning which in the worst case scenario could make Monero irrelevant. I'm still investing in Monero for now while it's cheap but have to admit to being a little worried because most people haven't even heard of Monero (yet!)
@Rakkoonn
@Rakkoonn 2 жыл бұрын
Monero is used on the darkweb. It's one of the few cryptos that is actually used as a currency, so it is one of the few that seems to be safe.
@DimaIns
@DimaIns 2 жыл бұрын
Lightning has nothing to do with privacy. DYOR ✌️
@JamesWilson01
@JamesWilson01 2 жыл бұрын
@@Rakkoonn Yes, that's a good point. It means people actually buy and sell stuff with it so it will retain value while that continues. But what if bitcoin becomes just as private? Either it won't be trusted by the criminals and rejected as being backdoored by the glowies or it could have some great new feature and be completely open source in which case they gradually abandon monero. Oh well, I was a bitcoin early adopter who would be a multimillionaire now if I hadn't got excited by the unexpected high prices and sold far too soon. Won't make the same mistake again! 😉
@JamesWilson01
@JamesWilson01 2 жыл бұрын
@@DimaIns I thought it made Taproot more private, but, yeah, it wasn't the best example for sure. In the end, it's not the names I'm bothered by though, it's the features themselves. I hope they're not trusted!
@JamesWilson01
@JamesWilson01 2 жыл бұрын
@@BGP00 It won't be over for a while, that's one thing I'm fairly certain of at least. It does all come down to the timing though. A lot of crypto investors including myself are techies who don't have much experience with stocks which is both an advantage and a disadvantage 🤣
@Ultrajamz
@Ultrajamz 2 жыл бұрын
I know he ‘bout to drop that DoggyDo coin on us
@Amor1990
@Amor1990 2 жыл бұрын
There is winners and losers in everything and how do we even know they’re telling the truth?
@undefined879
@undefined879 2 жыл бұрын
And if you buy hardware wallet, you gotta be 100% sure it was not tampered with before you got it. It gotta have all the manufacturer's seals intact. There have been some incidents, where people got millions stolen off their supposedly secure wallet.
@christek
@christek 2 жыл бұрын
If you’re not skeptical, you will be by the time crypto is done with you.
@Lobonova
@Lobonova 2 жыл бұрын
U dont know anything. Go flip some burgers
@christek
@christek 2 жыл бұрын
@@Lobonova lol you read that totally wrong. Crypto was made by libertarians, for libertarians. Libertarians are skeptical by nature. I know you’ve got a smooth brain, but if you think about it really hard, what I’m saying will make sense. Just so you don’t hurt yourself, here’s a little help: skeptical people don’t use custodial wallets.
@Lobonova
@Lobonova 2 жыл бұрын
@@christek Autistic
@marcogenovesi8570
@marcogenovesi8570 2 жыл бұрын
@@Lobonova nah fam, you need that job more than him
@Lobonova
@Lobonova 2 жыл бұрын
@@marcogenovesi8570 true
@baron_von_brunk
@baron_von_brunk 2 жыл бұрын
Ah, a fellow Feed & Seed enthusiast, I see.
@cowboy_henk
@cowboy_henk 2 жыл бұрын
F O R M A L L Y C H U C K 'S
@MisfitHeroesReal
@MisfitHeroesReal 2 жыл бұрын
One Thing I Learned Today: I found out that theres Chicken Tenders at Five Guys and I need them now
@EJTechandDIY
@EJTechandDIY 2 жыл бұрын
Dont use a password manager for your keys, get a hardware wallet like Ledger or Trezor
@HaxxorElite
@HaxxorElite 2 жыл бұрын
Louis Rossmann has Futo on stream rn, you can ask em questions if u want, figured you'd habe good questions Kenny
@maxautism6602
@maxautism6602 2 жыл бұрын
I can like instantly because of the title. But people don't care, until they lose them :')
2 жыл бұрын
The main difference between investing in crypto and gambling is that with gambling, the odds are at least somewhat close to 50%. As for hardware wallets, I wouldn't store millions on them, because you can't copy the secret to another device off-site. I'd much rather generate a seed on a permanently offline machine, encrypt it, write it to various media (paper, USB, optical, whatever) and store one at home, one in a deposit box and one somewhere safe with a close relative. You need spare keys...
@hgbugalou
@hgbugalou 2 жыл бұрын
Just moved all my ether and bitcoin to my own wallet a few weeks ago after a few of those custodial companies died and it made me see the writing on the wall. I used coin base, but I don't know how much longer they will last at the current rate. I think it will be in the dumper for the next 5 years while people lose interest in scams, regulatory frameworks are built, and shit coins die out. In the interim I will let my meger coins sit in my private wallet.
@NeverMetTheGuy
@NeverMetTheGuy 2 жыл бұрын
Outlaw, any chance you plan to do a video explaining to people the value a password manager brings to the table? I've gone straight back to writing them on paper, but I'm a weirdo.
@not_herobrine3752
@not_herobrine3752 2 жыл бұрын
paper cannot get hacked, you are good
@Кью-н1д
@Кью-н1д 2 жыл бұрын
you did the right thing. a phrase of 24 words is 256 bits. the chance to generate the same phrase as mine is 1:115,792,089,237,316,000,000,000,000,000,000,000,000,000,00 0,000,000,000,000,000,000,000,000,000,000,000,000. in the case of 12 words, the number is slightly less, but the chance of selection is still ghostly. this encryption method is incomparably better than your standard password, and when you hide a phrase behind a regular password, it can be easily found by brute force. but in the case of ordinary passwords for Internet services, it is worth using keepass, it is much better than one simple password for all sites, as it usually happens.
@groundfx5733
@groundfx5733 2 жыл бұрын
A password manager is more secure than using the same password for everything, and more convenient that writing everything down. Assuming you're using proper passwords, storing them on paper is fine
@MrCmon113
@MrCmon113 2 ай бұрын
@@not_herobrine3752 Now he has to keep track of the paper and not expose it to anyone. He also has to type everything, encouraging the use of worse passwords.
@jamal3298
@jamal3298 2 жыл бұрын
"Not your keys, not your coins." -Richard Heart
@AschKris
@AschKris 2 жыл бұрын
I'm not even a cryptoperson but even I know "Not your key, not your coins"
@coldbrew6104
@coldbrew6104 2 жыл бұрын
Trezor is great, although the devices are pretty expensive to get started.
@Mutantcy1992
@Mutantcy1992 2 жыл бұрын
The stupid doggy doo coins have gotten out of hand. DOGE was a kind of fun y meme for a sec, but when it had that spike in value, multiple coins with "shib" in the name popped up to confuse newcomers into thinking it was doge
@rh906
@rh906 2 жыл бұрын
It is Tulip Mania for a reason. We have FDIC until they find some excuse (like China they are trying to emulate) to not pay FDIC.
@lolwtnick4362
@lolwtnick4362 2 жыл бұрын
makes sense. but trading on forex is just as sketchy. lots of platforms dont allow US traders. and banks just dont like you doing it directly, even though it's perfectly legal
@cogitator1213
@cogitator1213 2 жыл бұрын
Have you forgotten that you promised us an update on Garuda 1337Dragon? Please deliver.
@TheRich464
@TheRich464 2 жыл бұрын
What password manager do you suggest? You have your ear to the ground when it comes to this. I'd like to know your opinion
@Alex-ee5pl
@Alex-ee5pl 2 жыл бұрын
In the middle of 2022 Eth fees are so low that the only interaction an informed and responsible person should have with an exchange is feeding fed green toilet paper to the non-KYC ATM in the vape shop so drunk they wake up with new crypto they don't remember buying
@professionalgiraffe7181
@professionalgiraffe7181 2 жыл бұрын
ima have it a guess that people don't realise that they are using a custodial wallet nor do they understand the dangers of it. they just think company X has got my back they will keep all my money safe
@v3listube
@v3listube 2 жыл бұрын
Not your wallet, not your coins. It's one of the oldest crypto mantras.
@miklov
@miklov 2 жыл бұрын
I have been considering using a password manager (I don't really have any crypto, but for regular stuff). But I have not prioritized rabbit holin how they work. I guess you wouldn't want a cloud password manager, but a local one. But then you need a password to protect your passwords but I guess the one hard to remember password is better than a whole bunch of them. I am sort of waiting for the day some popular cloud password manager will have a breach and cause a big stir. Would love a video about password managers, maybe you have already made one and I should go find it. Keep up the good content!
@Crftbt
@Crftbt 2 жыл бұрын
Could you do a new video on managing non-custodial wallets? :)
@cf0472
@cf0472 2 жыл бұрын
The thing is that 90% of people I’ve talk to about crypto is that they look at crypto like as an investment. When it’s just currency. Even the CEO of Exodus wallet made this quite clear that Exodus stock is a real asset. Crypto is a currency for just buying things.
@Gorgeous_George_
@Gorgeous_George_ 2 жыл бұрын
Hardware wallet stays in the prison wallet
@NeverMetTheGuy
@NeverMetTheGuy 2 жыл бұрын
I know it's the wrong thread, but it's the right forum as far as I'm concerned: Anybody else having issues on Nord connecting to Iceland? Before you say it, I'm in the last two months of a three year subscription and going to Mullvad.
@shelletonianhuman
@shelletonianhuman 2 жыл бұрын
What about Argent?
@MysticMylesZ
@MysticMylesZ Жыл бұрын
Would you recommend putting encrypted backups onto a peer to peer storage? So in case the drive with the backup is lost in a fire you can still get it off of the peer to peer and restore it.
@maximilliantimofte4797
@maximilliantimofte4797 2 жыл бұрын
7:20 if you dont like banks,then keep it in a vaulted foundation
@gestucvolonor5069
@gestucvolonor5069 2 жыл бұрын
Would you only go with Trezor? Any other cold storage you okay with?
@NitrousXProductions
@NitrousXProductions 2 жыл бұрын
Ledger is another useful cold storage wallet
@gilgabro420
@gilgabro420 2 жыл бұрын
I also recoment Paper wallets. Grate way to secure it
@sebixx9734
@sebixx9734 2 жыл бұрын
Dude...at 0:43 is that Chester Bennington? lol
@jokroast6912
@jokroast6912 2 жыл бұрын
I use pen and paper for passwords until I find something FOSS to manage it natively on my system. I am sure that I can burn all of that paper once I find something FOSS that is hard to compromise or impersonate me. Something that handles credentials in a smarter way to access the passwords.
@bacalhau_seco
@bacalhau_seco 2 жыл бұрын
yes
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