Be careful with your crypto holdings and what you do with it - page 3.

Pandorak

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Quote from: krishnaverma on June 15, 2024, 06:13:58 AM

[...] So a gentle reminder is to follow law with all your crypto related activities.

There is no need to follow the law as long as what we do is in accordance with applicable norms, her case cannot be compared to those of us who should be free with bitcoin, she is a criminal and it is not actually his money so she deserves that punishment.

In our country, some big exchanges are not registered like Binance, but many of the bitcoin adopters in Indonesia use Binance as their CEX, is that wrong according to the law? Of course. But is it wrong according to the norm? No.

Fivestar4everMVP

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Quote from: krishnaverma on June 15, 2024, 06:13:58 AM

Cam across this news

https://www.bbc.com/news/articles/cn001yr88zgo

So a gentle reminder is to follow law with all your crypto related activities.

I've read the story, and sorry to say, but this doesn't clearly have anything to do with us holding crypto currencies as our investments.
It's important to read and properly comprehend before making any attempt to jump into conclusion and giving advice that is not well thought out.

The woman in question was involved in exchanging bitcoin for luxury properties which are; but not limited to houses, expensive jewelries and other expensive belongings, that is, she was involved on trading bitcoin for this things, and also trading those for bitcoin, and from the story, she along the line got involved in laundering money, which is a very serious crime in most countries.
So, her bitcoin asset being seized and she being jailed is justified as long as she was proven guilty of the crime.

This has nothing to do with the most of us who hold unto our bitcoin as investment for our future.

MeGold666

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Quote from: Pandji02 on June 15, 2024, 08:10:18 AM

Well, she was actually committing a crime. I'm just buying and holding my BTC in OWNR wallet and it's not illegal in my country, so I'll be fine.

For holding you should have a dedicated air-gapped machine that's fully encrypted and using only official wallet software for accessing it - in terms of BTC - Bitcoin Core wallet.

If you use different software or hold in a hot wallet then sooner or later you'll get hacked.
Even developers get hacked from time to time... your main wallet (and seed phrases) should never touch the Internet - consider it compromised if it did.

It should be generated on air-gapped machine and kept there, make backups on encrypted drives with good enough password that you can remember (you should never write it down) and that will be hard to brute-force.
Never store your seed-phrase in plain-text, encrypt it and then print it.

The more you know about computers, the more you realize it's impossible to protect your Internet connected machine from threats.

Pandji02

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Quote from: krishnaverma on June 15, 2024, 06:13:58 AM

Cam across this news

https://www.bbc.com/news/articles/cn001yr88zgo

So a gentle reminder is to follow law with all your crypto related activities.

Well, she was actually committing a crime. I'm just buying and holding my BTC in OWNR wallet and it's not illegal in my country, so I'll be fine.

peter0425

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Has already been a topic of discussion before here https://bitcointalksearch.org/topic/bitcoin-woman-found-with-2bn-worth-of-bitcoin-5498380.

Please do your own research if a topic you want to talk about has already been discussed or not so redundancy and overcrowding of posts are not observed here. Especially if there aren't any new you can add anyway. You can just reply to the post if there is anything you want to say.

MeGold666

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Quote from: krishnaverma on June 15, 2024, 06:13:58 AM

So a gentle reminder is to follow law with all your crypto related activities.

Even if laws are abusing and inhuman ?

krishnaverma

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Cam across this news

https://www.bbc.com/news/articles/cn001yr88zgo

So a gentle reminder is to follow law with all your crypto related activities.

Topic: Be careful with your crypto holdings and what you do with it - page 3. (Read 465 times)