Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4749. (Read 26610084 times)

I am not a smart phone user so my question may be dumb, apologies then.
But what keeps you from backing up your 2FA OTP key in a safe place and just restoring it on the new phone? I mean it's a pretty short character string that even can be handwritten on a post-it (pun intended).

SMS ist just unsafe and dangerous for such sensitive things in todays world.

[EDIT]: I just realized what I wrote above when I said "I am not a smart phone user", I actually meant "I am not a smartphone user". But since both apply equally well to me I'll stick with the first one 

Explanation

I would not use SMS that way, personally, because, that's exactly how hackers sim swap to get into your account. If I have google auth, or the secret, I keep that stored separately. Then I can always use that to generate the new time based one time code that changes every 30 seconds.

I actually don't use a phone or mobile device for my google auth codes, I use a separate computer. I'm compromising in other forms of security but generally it's still better than what most people use or do.

Don't break your phone, or make sure you have the secret so you can easily use it on any other phone or device.

google auth has issues if the phone breaks.

sms does not have the issues.  So they use sms.

If you are locked out of  your account due to a broken phone and have sms. Buy a new phone port the old number  and you have sms working.

If this happens with google auth the new google auth does not work as it will not be synched.


Sms can be made secure more secure if crossed linked to an email and the email is crossed link to a password.

They can't get google auth to work properly or something. Or there are certain apps like Authy that require all sorts of voodoo to work and I prefer to just get the secret code and not require this particular app. Why can't they just show the secret at the time you activate it?

I mean, some legacy trading platforms and banks use SMS, and I don't mind, because they're ancient.

Explanation

Pro tip: Never ever ever ever ever ever use SMS authentication. Why in the world do they offer that as an option???

Stumbled on an interesting article: https://www.zerohedge.com/crypto/nation-states-vs-network-states-vs-crypto-claves?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

A few sound bytes:

"It was that no amount of trying to force a linear extrapolation of the outgoing systems were going to work because the advent of decentralized cryptography and non-state money had already changed the architecture of power and the incentive structures around wealth preservation."

"established policy makers are operating on the premise of a linear extension from their previous experience. Central Bank Digital Currencies are the purest expression of this assumption. Take central bank issued fiat currency, digitize it, add the ability to overlay ideological policy imperatives onto money (like social credit), and then everything just continues on as before.

But the underlying architecture of the global power structure is phase shifting into something else entirely and the reason why is because decentralized, non-state, cryptographically secured money is already here. The smart money realizes that this is a superior form of money to preserve wealth and autonomy. Everything else is secondary."

Explanation

Good Wonderful find, that is really hilarious timing. Literally have coffee on my screen now 

Oh the irony..

In this context the latest tweet from Satya Nadella is pretty funny:


https://twitter.com/satyanadella/status/1438143437732147204

Explanation

Slightly off-topic, but if you are using an Azure VPS, you'd better check this:

https://www.wiz.io/blog/secret-agent-exposes-azure-customers-to-unauthorized-code-execution

TL;DR: Just send NO authentication headers and you are root on virtual Linux machines with OMI installed (they kindly install it for you in many to most cases).

In the 90's we often joked that the first Microsoft product that won't suck will be a vacuum cleaner... (obviously this one just doesn't get old).

I wouldn't say all out of options, they just have to double their efforts. The great thing about money is that it is numbers, which means they can dial up to infinity if the need too. That is of course until they have been overthrown, that's when they are out of options.

Explanation

What worries me most is that the money printers haven't even been turned off yet. Europe never stopped printing either, so if the next economic crisis happens, they're all out of options.

It's kinda funny: just recently even the IMF warned against crypto, just because they don't dare warn against fiat. The more governments fear Bitcoin, the more certain I am we're on to something here
Could this be the reason China recently got rid of Bitcoin miners? Ban alternatives, support your own fiat?

Explanation

Explanation

There seems to be a category missing here, AlcoHoDL.. or at least you may be subsuming the category into the "just dismiss it" category.

It seems to me that within the "just dismiss it" category there are several sub-divisions of people who think that it sounds interesting but they do not have time to look into it at this time.  That's where your planting the seed may have come in handy... and yeah, maybe after 6-10 more times hearing some positive reviews, they start to consider that maybe they should do a wee bit more than just "considering it an interesting concept/phenomenon in society."  At some point, some of these people decide to act.. maybe to buy a bit on robinhood or paypal or square... and yes.. they might later decide to do more.. but the seed planting is not likely for naught, even if it may take one or two more cycles before they start to consider that "so many folks are getting into bitcoin," maybe they should get into bitcoin too.. perhaps? perhaps? 

Right now, what do we have?  A few percentage of people getting into bitcoin?  Not too common, but becoming interestingly more common. and holy shit about poor Michael Saylor and his company holding such large bags of 114k BTC.. Saylor and Microstrategies is surely going to get screwed, right?  should be difficult to ignore, but surely some people are going to start to take notice, even if some of the institutions and rich folks are taking action to hoard decent amounts of the supply first (front running theory for guys like Saylor and his company.. is it going to work?).


I am not disputing any of this - even while we do see that some of the 20% of the pareto distribution are seeming to "get it" more rapidly than some of the other folks...   Not easy to get out of the 80% types of actions and thinking, but it is not impossible.


Being your own bank and early adoption is surely not easy.. It has not been easy, so far.


Exactly.. slow gravitation.. the 20% are starting to get it more and more.. but surely there is still a long way to go to even get the 20% with bitcoin. .but there is going to be a group who get bitcoin first and are likely going to be part of the beneficiaries of the redistribution of wealth.


Some people will still have time for them, and if not bitcoin does not give any shits if they get in or not.


You, me and OOM seems to be saying very similar things here.. just using different words.


Not going to get any arguments from me regarding those well-put points.   


yes, ... I do think... dah.......what you think I am?                                        Brainless?

Explanation