All-in-or-nothing@All-in-or-nothing

11Mo

@stefan_21 7 Bitcoin 👍

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11Mo

@DonkeyInvestor 70 bitcoin?

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11Mo

@PassiveInvest even better. I raise to 700 Bitcoin. But then it's really over

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Ph1l1pp@Ph1l1pp

11Mo

@stefan_21 to OneKey s1

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11Mo

@Ph1l1pp and what makes OneKey S1 better than the BitBox02?

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Ph1l1pp@Ph1l1pp

11Mo

@DonkeyInvestor best/ latest security chip on the market (CC EAL 6+)

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11Mo

@Ph1l1pp manufacturer from Hong Kong

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Ph1l1pp@Ph1l1pp

11Mo

@DonkeyInvestor After the decision of the 1000 Euro rule in the EU for crypto self-custody, the monitoring of transactions over 1000€, I am less worried :)

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11Mo

Sounds almost like a paid advertisement 😁

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11Mo

@BamBamInvest Yes. But it's not. I'm just happy about my cheaper BitBox02 😁

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11Mo

@DonkeyInvestor even if that were the case, I wouldn't mind 😁. They also say I work for the pretty $SOFI 😉

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11Mo

@BamBamInvest for? I was thinking about 🤔🧐

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11Mo

@DonkeyInvestor well, one does not exclude the other 😉

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11Mo

@BamBamInvest don't fuck the company. I already learned that in my apprenticeship

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11Mo

@DonkeyInvestor thanks for the tip, then six is good that it hasn't gotten that far yet ☺️

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11Mo

Oh God, I'm still such a merciless beginner when it comes to crypto. I still have a lot to learn before I order one of these dongles. My biggest problems are
1) For extremely stupid reasons, I trust myself to misplace any passwords
2) I have to find out how they work technically. (drivers and the like) I'm discreetly worried. That I'll unpack the thing after 10 years because my 0.1 hypothetical btc is worth a million and it won't run on a new operating system.
3) while I would worry about Mt. Gox on websites, I would have some crap not working on the dongles after I saved up 2 bitcoins.

Well, let's see first

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11Mo

@SchlaubiSchlumpf I can understand that very well. Being your own bank is not that easy. For smaller amounts, you can leave the coins on trustworthy platforms such as Coinbase or Bison. Regarding your fears:

1) The seed phrase is important. This is 24-25 words that can be used to recover your account. I have written down the seed phrase several times, split each copy and kept each part in a physically different place. That way there are several hiding places I can remember. At the same time, it is of no use to an attacker if they only find one of the hiding places. Of course, not all copies should be in your own home in case there is a fire or something.

It's super time-consuming but also super secure. And of course it's only worth it if you're paranoid and have significant sums of money.

2) You don't really care about that. The only important thing is the seed phrase I just mentioned. If you have this, you can access your coins with almost any software or hardware wallet. A hardware wallet is practically just an extremely secure way to generate the seed phrase and use it for transactions, for example.

3) As long as you have the seed phrase, the dongle really doesn't matter at all. In the worst case scenario, you will have to spend 150 euros on a new dongle to get your million.

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11Mo

@DonkeyInvestor Thank you for the explanations. In itself it is attractive to have something like this. For example, you could store half of your seed phrase in a safe deposit box and the other half at home. The safe deposit box would be useful for things like copies of certificates, documents etc. anyway. I would find it very attractive. Even if I "only" have 5-10 percent of my portfolio in Bitcoin, it would be a lot of money at some point. Or whatever is left over. (I would find this even more attractive if bitcoin dies out contrary to expectations. What's left over after saving would not be a small amount for me in the long term either...

Last but not least, it would actually be a cool gimmick.

Thanks for your comments!

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11Mo

@SchlaubiSchlumpf just keep in mind that you will have a problem if your apartment burns down and you have no other way to reconstruct the seed phrase

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11Mo

That's right. But I think you have quick solutions for that too 😁👍🏻 In any case, I would feel good if at least one item was either in a safe deposit box or a very thick safe.

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11Mo

@SchlaubiSchlumpf preferably both for redundancy. Of course, a large safe is only worthwhile from 10-20k.

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11Mo

@SchlaubiSchlumpf Alternatively, there are also steel plates and such for the Seed Phrase. These are then fireproof

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Toni M.@INOT

11Mo

Yes, I've also struck 😛😛

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11Mo

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11Mo

@PowerWordChill You're absolutely right, of course. My mistake. Thank you for opening my eyes. Next I want a child from you 😍

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11Mo

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11Mo

@PowerWordChill I offer three fifty. That's all I've got. @Der_Dividenden_Monteur is too stingy

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11Mo

@PowerWordChill I'll come by. Address?

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11Mo

@PowerWordChill na gut

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Till@Stockmarketbird

11Mo

*BKA enters the Chat*

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Seboš@1sebos

11Mo

@PowerWordChill Do you have evidence of the normalization of human trafficking?

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11Mo

@JJJ Cancel and order again?

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11Mo

@JJJ That's right. I would have bought the box in the next few days at full price too

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userbd9bd27a4ef84da2@userbd9bd27a4ef84da2

11Mo

@FollowMe You are welcome to lose the wallet, it doesn't matter as long as you have the seed. You multiply it and divide each copy into several parts, which you then store in different places. Yes, it's inconvenient. But for me, it's worth the effort and the money for a 6-digit equivalent value in crypto.

I've lost everything twice because I stored my crypto on public exchanges. I would be completely financially free now if I had only trusted myself and no service provider from the start.

I can fully understand leaving small amounts on a public exchange. And that even makes sense. But above a certain amount, that's no longer an option for me.

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11Mo

@DonkeyInvestor phew, 2x... on which exchanges did you lose your coins, MT.Gox and?

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