PC

GeneralZex

> Nonsense- learning how to build your own cold storage is easier than operating a proprietary HW and building your own gives you far more control and knowledge. Know it isn’t full fucking stop. > HWs can be lost, stolen, malfunction or be hacked. So can a PC what’s your point? > HWs place you in reliance upon third parties- that is NOT monetary sovereignty. So does a PC what’s your point?

garbage_account_3

Ya I know, I’m waiting for trezor to start supporting new tokens. I don’t trust ledger as it isn’t open source. It’s only for coins that coinbase doesn’t support. But it’s much smarter than storing it in a PC hard drive or using a password manager. If the FBI can’t crack iOS then most people can’t. It’s also significantly harder to get malware than say a windows desktop. I guarantee, that a lot of the users hacked here would have been better off doing as I am.

pgh_ski

Exactly! That's why cold storage is so recommended. An offline, dedicated purpose built device for key generation and storage is going to be more secure than a general purpose device (PC or phone). At least encryption is important for hot wallets. I'm amazed at how many people I've talked to or seen that have been compromised for one reason or another.

pgh_ski

I would say in general avoid downloading apps that don't have a great reputation, avoid downloading/approving software on your PC from weird sources (torrents, "cracked" software, etc.). If it seems like it's too good to be true, don't install it. Don't ignore warnings from the OS or your browser about untrusted/potentially malicious software or websites. When it comes to critical software like wallets, it's a really good idea to learn to verify hashes and digital signatures. With phones it's harder but also easier as wallets should come from the app store (which has vetting processes in place) - so it's more important to pay attention to number of downloads, reviews, etc. for signs that it's malicious.

hutulci

>Define scaling? Scaling Bitcoin = Increase the number of Bitcoin transactions per second. >Do you have a magical wand? It's not needed. The LN scales Bitcoin without being magical. It is not perfect, but at least the native token is Bitcoin, not some unnecessary shitcoin. >stacks is scaling Bitcoin At this point, I must ask you to define scaling, since you must have your very personal definition of it. By the one I gave above, which is the one everyone uses, Stacks is not scaling Bitcoin. Since you literally cannot transact Bitcoin on Stacks. As of now, they don't even have a two-way peg, yet they claim to be "Bitcoin defi" and to be scaling up Bitcoin. >How else can anything technological scale up? Not sure what you're even asking here. >On your PC or smartphone are all the apps from one developer and company or you use multiple different apps and programs created by different people all in the same device? Nowhere I said that the scaling solutions / L2s for Bitcoin must be developed by the same devs. You are attributing me fake arguments because you cannot argument against the ones that I actually made.

bleakj

I've still got a Bitcoin wallet installed on an old PC at my parents that worked the same way 50/50 it would explode if I tried to access it

JoeYo743

Define scaling? Do you have a magical wand? stacks is scaling Bitcoin. How else can anything technological scale up? On your PC or smartphone are all the apps from one developer and company or you use multiple different apps and programs created by different people all in the same device? BTC is the base layer on which more layers and apps will be built upon. Theres no other way besides that really its not a miracle

the_far_yard

I’m getting flashbacks. I remember we had to download a separate app on PC just for the wallet.

rosarino356

I have no idea what Nansen or Pulsar are. What you'd need to export from Ledger is your master public key. You can use Sparrow wallet (PC only, BTC only) to view your wallet. New wallet > HW wallet > Ledger. It requires having the Ledger connected to your computer and with the Bitcoin app open. There are plenty of step by step videos on YouTube for more info.

GBR2021

>KeY eXtRaCtIoN CoDe Walk me through it. My Nano S isn't connected to my PC. It's as offline as a rock. So the chances of hackers extracting my keys are the same as hackers extracting my Pikachu from my Gameboy Color. How are my keys moving to the internet?

JimmyChitwoodMVP

May as well never connect to the internet while you’re at it because your modem and/or router has proprietary closed source firmware. Definitely shouldn’t use a PC ever again unless you’ve cleared the drivers for each component housed within, and while you’re at it, line the walls of your house with lead. Can’t be too safe out there.

pablo_in_blood

Get a dock for bare drives (see what type of drive it is and find the appropriate dock on Amazon), remove drive from laptop, and then load it up on a modern computer using the dock. (You may need additional software or to boot directly from the drive depending on how the drive is formatted, but hopefully if it’s PC > PC it will just let you browse it like any external drive.) It’s unlikely you’ll find anything tbh but worth a shot I suppose?

nezroy

Yeh there's general hate on this sub for hardware wallets because the expectation of what they are trying to accomplish is a bit skewed. The original purpose of hardware wallets was simply to make it easy and convenient to use offline keys. That way your keys are never stored on an online device that is susceptible to hacks/virus/compromise. In theory you can safely use a hardware wallet on a compromised PC, if you do a good job checking your addresses. This is a simple and cheap mitigation to the problem of having your keys stored online on your Windows PC in a highly vulnerable manner (which far too many people do/did), while maintaining the equivalent day-to-day convenience provided, at a price-point that makes sense for the amounts where that works out. The idea that a hardware wallet should be impenetrable to physical attacks is more recent and weirdly excessive, and not really the point of them. The is that it is *extremely* difficult to be truly resistant to an attack relying on physical access to your devices; this is true for ALL computer/IT security. It takes a whole other scale of multi-layered security protocols, controlled site access, etc. to truly approach that.

Fukthisite

That sucks, I started doing similar to you but it must have been a bit later, was mining on a shit PC and took me like a week to earn 1 bitcoin which didn't even cover the electricity so I stopped. Lost that computer along with the btc years ago. Would have been gutted if I had loads of bitcoin.

Inevitable-0246

I used to do that on a dedicated PC until I got my Coldcards as cold storage. I still use it to host watch-only wallets and broadcast transactions. These days you should be able to just step up to acquire a hardware wallet.

ranamok

No way. Too exposed. Only way I'd use it is if I found some long lost .dat in an old PC. (I wish lol) .I'm happy with my node just being a node. I have numerous hot wallets with small amounts for different things and then my cold storage is just cold. Damn cold.

noburnyet

I can only help if you are on app. Right top click avatar/photo. There in the drop down menu you should see the vault. Then settings(round wheel with teeth) then you can click on recovery phrase. On PC I have no clue as I don't have one😅

Silarous

As long as the signing PC is 100% airgapped, this is a very secure approach. Much more safe than a typical software wallet installed on an internet connected device. However, this wouldn't be quite as secure as using a hardware wallet in combination with an airgapped machine. The primary reason it doesn't meet the same security as a hardware wallet is the level of difficulty of extracting the private keys with physical access to the device. It is much more difficult to pull the private keys from a hardware wallet vs. a typical PC. Especially if the hardware wallet has a secure element. It's still a great approach that is light years ahead in security vs. a hot wallet.

Boddis

First person shooters are typically preferred on PCs, and certainly the more professional comps are, as you can get greater adjustment v consoles controllers. Then you have all the likes of world of warcraft and other MMOs that are only on the PC, PC gaming world is pretty huge.

Silve96

Before doing anything I would make sure your PC (or wherever you will input that private key) is not compromised with a virus. Obviously ignore any private message

ifq29311

what does "encrypted" mean? most people dont get that they are the weakest link in any encryption scheme. if you decrypt it on your PC that got malware in the meantime, your encryption is worth shit. steel is unhackable protect against attack from the internet first. then you can think about your physical security. oh, and if you're end of times kind of guy, steel also protects you from EMP if the nukes start flying ;)

ardevd

What if the USB stick malfunctions? The flash dies? Lost in a fire. Just saying… only you can evaluate what risk is acceptable. I’m just pointing out that there are examples of people who claim they only has their seed on an airgapped PC who got their funds stolen. I’m not saying it can’t be done, just saying the steel plate approach for most people is a simpler and safer option.

Roland_91_

That is where the whole crypto part of cryptocurrency comes in. If someone has a keylogger installed on your PC in 2023, you are failing basic internet security. But assuming they did, it does not help because first the need to restore the wallet, which is the seed phrase that you keep safe. If you use a hardware wallet then they will need the physical USB drive. Or if you don't have a hardware wallet then they will need physical access to your PC. This is not true of all chains, some are more secure than others.

Halo22B

Note: you would mine Proof of Work altcoins with the PC/GPU setup. The mining pool would pay out your earnings in sats.

proXtu

You can buy an used S9 for around 75-85 USD and mine around 2.500 sats/day using 24kW daily. Or You can mine around the same amount of sats with a gamming PC (powerful CPU + good GPU) using half the electricity (around 12kW a day). PC will be more expensive, if you don’t have one already.

twistdafterdark

A hardware wallet is indeed the safest option to manage your crypto and interact with blockchains. Though it comes with a certain level of responsibility as well. Make sure to have a copy of your seed-phrase which is stored non-digitally and kept safe. If any app, website ,email, person, animal asks for your seed-phrase **do not** share it, as doing this will give them full access to all your funds. And there would be no way to recover it back. Only ever enter the seed-phrase on your hardware-wallet !! This way should anything ever happen to your ledger you can always recover your funds on a different wallet. If you must insist on having the seed-phrase stored digitally then at the very least do so in a reputable password-manager. Do **not** store it in Dropbox, Googledrive, your email (drafts), notes on your mobile, Word file on your PC... you get the idea. Though again, it's not recommended to keep it digitally. I emphasize the seed-phrase as that is pretty much the only thing that matters. There are ways the hardware-wallet can be compromised as well, however I'd say 80% of the cases where something goes wrong is the user exposing the seed-phrase in some way. Another important thing to keep in mind is to not get too fancy with how you store your seed-phrase. The more difficult you make it to retrieve the more likely you are to forget how to get it. For example if you decide to use some algorithm to changing the order of the words, eventually you will forget how you did it or worse you made a mistake while implementing your algorithm but didn't notice.. now your funds are inaccessible. So keep it simple, write it down or use a seed-plate and store it somewhere. One last thing, once you start taking custody of your assets you may get more curious and want to start actually interacting with different blockchains to explore the landscape. I would definitely encourage this. However be careful, understand the applications and smart-contracts you interact with. Don't give permissions to all sorts of random applications, as this is how the other 20% get their funds compromised. If you give the wrong contract too much permissions it can drain all your funds. tldr; Yeah, you should store all your funds on you hardware-wallet, unless you're selling the funds. Oh and keep an eye on transaction fees when moving funds on-chain

Aussiehash

You have to option to add dice rolled entropy to the Coldcard's entropy, or to exclusively use dice rolled entropy. You also have the option to exclusively use the Coldcard airgapped without ever connecting it to a PC or Phone over USB. I would recommend SparrowWallet over Electrum

gmhiker33

What comment is horrible? Wondering if an older PC or laptop could mine bitcoin?

gmhiker33

With a typical "old PC or laptop", even if you didn't mind paying for the electricity costs, would you earn any bitcoin from a mining pool in a month or even a year?

cristobaldelicia

Yes, exactly right. I remember when Bitcoin and Litecoin and a bunch of others could be mined on an ordinary PC, back then it was meant to be a hedge against inflation like gold. Now so many institutional orgs and whales have invested systematically, its become another diversification element in big portfolios. So much that Bitcoin now roughly follows other markets, or at very least it's not a hedge against inflation. Breaks my heart, really.

--kenpachi--

happened to me. not coma but totally forgotten about it. my SO about to reformat the old PC and asked what files are these. turns out to be some wallet info from a very old miner circa back then and after much hard work, managed to retrieve the wallet. about 0.6 btc still in there. not bad at all.

BinaryDigit_

What is your point? I presented the problem that I can't run an ASIC even if I wanted to -- the 3,000 watts I need from an ASIC is not going to be possible in an apartment. It's also going to be too loud I'd assume. Not to mention that the cost of an ASIC is too high. It means I can't enter in with just my PC, I must have a house with 240v outlets and so on.

RemyVonLion

lol yea was asking for advice on discord about PC parts and someone said bitcoin is just a worthless scam.

blackthrowawaynj

They feel that they missed the boat for cheap Bitcoin, I worked in finance technology 20+ years and was following Bitcoin from the early days but I didn't want to mine from my PC I thought I missed the boat the first time it crossed 1k then it crashed to 200 I entered shortly after I tried to convince my coworker who told me he had to talk to his financial advisor who told him not to buy them he FOMOed in at $10,000 instead of $500

No_Dot4900

Thanks. I personally own a hardware wallet and works great. So something that also confuses me. I have a HW wallet (ledger) and I use it to store my bitcoin. I usually buy off of an exchange and send it to my HW wallet once every now and then. So I connect it to my PC, click receive and send my bitcoin from the exchange to my ledger. I then store my ledger safely. Question is, can I just take a screenshot of the receiving address and use that everytime to send my bitcoin to my HW wallet from the exchange without having to plug in my hardware wallet? And then when I plug it in again it will be there?

strongkhal

I did something similar, wanted to upgrade my PC but graphics cards prices in 2019-2020 were bullshit. I bought AMD and Nvidia instead with around 800$ all together. 100%+ on AMD in 1 year and instead of buying a graphics card which I could now afford... I bought a whole PC and reinvested the rest Bitcoin has treated me much better but you have to be very patient, set up a plan and stick to it. Don't follow your emotions 100% Good luck

wjean

And lots and lots of "someone stole my crypto" because I left the keys on my PC post.

CointestMod

#TRON Con-Arguments Below is a TRON con-argument written by CreepToeCurrentSea. > TRON is a decentralized, open-source blockchain-based operating system with smart contract functionality, a proof-of-stake consensus algorithm, and its own cryptocurrency, Tronix (TRX). Justin Sun founded it in March 2014, and it has been overseen and supervised by the TRON Foundation, a non-profit organization in Singapore founded the same year. It began as an Ethereum-based ERC-20 token before migrating to its own blockchain in 2018. > > # CONS > > **Whitepaper Plagiarism** > > In January 2018, Tron's developers were accused of plagiarism after many sections of the Tron whitepaper appeared nearly identical to IPFS and Filecoin technical documentation. IPFS is an acronym for InterPlanetary File System. Juan Benet, CEO of Protocol Labs, which develops IFPS tools and services, revealed on Twitter in early January 2018 that Tron's whitepaper authors did not properly cite references and that the document was "mostly copied" from other projects. Even the equations and formulas mentioned in the first version of Tron's whitepaper were identical to those found in IPFS documentation. Sun claimed to have a "very detailed" reference to the most recent Chinese version of the Tron whitepaper. He also claimed that the Tron paper was translated into other languages by volunteers who may have overlooked important details. Just as Vitalik had also sarcastically said in twitter regarding the teams copy-pasting abilities, this just goes to show how un-genuine their team appears even making the most basic of mistakes. > > **Question of Vulnerability** > > A barrage of requests sent by a single PC could be used to squeeze the power of the blockchain's CPU, overload the memory, and perform a distributed denial-of-service (DDoS) attack, according to HackerOne. "Using a single machine, an attacker could send DDOS attack to all or 51 percent of the Super Representative (SR) node and render Tron network unusable or unavailable," the claim goes. While TRON is somewhat better in marketing compared to other cryptocurrencies, it falls short on one of the most important pillars for an effective one, that of which is security. To hinder a blockchain with just one computer is the polar opposite of what you want a cryptocurrency to be. > > **Un-Stablecoin** > > TRON's native stablecoin "USDD" de-pegged to the US dollar earlier this year, falling to as low as 91 cents. Its design is uncannily similar to Terra's stablecoin, UST, which lost its price peg and imploded a month ago, wiping out $40 billion in market value. If it continues to follow UST's path considering how similar they are in function and structure, one could assume they also have a ticking algorithmic time bomb in the making. > > **Final Thoughts** > > It seems that TRON has a knack for idolizing (to the point of almost copying their work) other projects both in and out of the crypto-sphere. What I do hope is that they also know what not absorb. Else, they have nothing but a mushed up bowl of their favorite things and just decided it would stick together with glue and duct tape. > > Sources: > > [https://en.wikipedia.org/wiki/Tron\_(cryptocurrency)](https://en.wikipedia.org/wiki/Tron_(cryptocurrency)) > > [https://cryptoslate.com/justin-suns-controversies-plagiarism-teslas-warren-buffett-kidney-stones-and-a-deleted-apology/](https://cryptoslate.com/justin-suns-controversies-plagiarism-teslas-warren-buffett-kidney-stones-and-a-deleted-apology/) > > [https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal](https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal) > > [https://www.zdnet.com/article/tron-critical-security-flaw-could-break-the-entire-blockchain/](https://www.zdnet.com/article/tron-critical-security-flaw-could-break-the-entire-blockchain/) > > [https://fortune.com/2022/06/13/algorithmic-stablecoin-usdd-loses-peg-justin-sun-tron-decentralized-usd/](https://fortune.com/2022/06/13/algorithmic-stablecoin-usdd-loses-peg-justin-sun-tron-decentralized-usd/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_tron) to find submissions for other topics.

HugoMaxwell

Yes, if you can do it securely, without storing / leaking the image anywhere. Like a bluetooth printer, make a screenshot / picture on phone, make sure it doesn't get uploaded somewhere automatically, print it, and delete picture securely. If you don't securely delete the picture someone can simply take out the SD card and get your codes ;) As of now I don't know how to securely delete a picture on a phone though... Would have to use another SD card to do it, then securely wipe the entire SD card on a PC. And again make sure your pictures / screenshots don't get uploaded automatically to some cloud storage.

BTCMachineElf

Do run a node. Use an SSD drive. Pruning can be problematic when adding new wallets, so maybe use a 1 or 2 tb SSD and not prune. Just running core is considered by some to be the proper way, but connecting your wallets to monitor your transactions isn't always straightforward. If you enjoy linux, following guides, and testing yourself, this may be a fun hobby. But you also have the option of running node packages, such as Umbrel or Citadel. These are all-in-one solutions that include bitcoin node software, lightning node software, and wallet bridges like Electrs, along with many other useful home server apps that you can install in an app store, all in a very slick interface and accessable through any PC web browser on the local network or remote through TOR. Some hardcore bitcoiners are concerned that this gives the node packagers too much power over the node layer, in case of a future contested fork. But I think this fear is mostly unfounded. I've met the creator of Umbrel personally and he's a grassroots bitcoiner with no interest causing waves, and if a contested fork does come up, *all* node runners need to reevaluate what software they're using.

el_rico_pavo_real

I want a simple, cost effective, dedicated PC for this endeavor. Which should I opt for?

CointestMod

#TRON Con-Arguments Below is a TRON con-argument written by CreepToeCurrentSea. > TRON is a decentralized, open-source blockchain-based operating system with smart contract functionality, a proof-of-stake consensus algorithm, and its own cryptocurrency, Tronix (TRX). Justin Sun founded it in March 2014, and it has been overseen and supervised by the TRON Foundation, a non-profit organization in Singapore founded the same year. It began as an Ethereum-based ERC-20 token before migrating to its own blockchain in 2018. > > # CONS > > **Whitepaper Plagiarism** > > In January 2018, Tron's developers were accused of plagiarism after many sections of the Tron whitepaper appeared nearly identical to IPFS and Filecoin technical documentation. IPFS is an acronym for InterPlanetary File System. Juan Benet, CEO of Protocol Labs, which develops IFPS tools and services, revealed on Twitter in early January 2018 that Tron's whitepaper authors did not properly cite references and that the document was "mostly copied" from other projects. Even the equations and formulas mentioned in the first version of Tron's whitepaper were identical to those found in IPFS documentation. Sun claimed to have a "very detailed" reference to the most recent Chinese version of the Tron whitepaper. He also claimed that the Tron paper was translated into other languages by volunteers who may have overlooked important details. Just as Vitalik had also sarcastically said in twitter regarding the teams copy-pasting abilities, this just goes to show how un-genuine their team appears even making the most basic of mistakes. > > **Question of Vulnerability** > > A barrage of requests sent by a single PC could be used to squeeze the power of the blockchain's CPU, overload the memory, and perform a distributed denial-of-service (DDoS) attack, according to HackerOne. "Using a single machine, an attacker could send DDOS attack to all or 51 percent of the Super Representative (SR) node and render Tron network unusable or unavailable," the claim goes. While TRON is somewhat better in marketing compared to other cryptocurrencies, it falls short on one of the most important pillars for an effective one, that of which is security. To hinder a blockchain with just one computer is the polar opposite of what you want a cryptocurrency to be. > > **Un-Stablecoin** > > TRON's native stablecoin "USDD" de-pegged to the US dollar earlier this year, falling to as low as 91 cents. Its design is uncannily similar to Terra's stablecoin, UST, which lost its price peg and imploded a month ago, wiping out $40 billion in market value. If it continues to follow UST's path considering how similar they are in function and structure, one could assume they also have a ticking algorithmic time bomb in the making. > > **Final Thoughts** > > It seems that TRON has a knack for idolizing (to the point of almost copying their work) other projects both in and out of the crypto-sphere. What I do hope is that they also know what not absorb. Else, they have nothing but a mushed up bowl of their favorite things and just decided it would stick together with glue and duct tape. > > Sources: > > [https://en.wikipedia.org/wiki/Tron\_(cryptocurrency)](https://en.wikipedia.org/wiki/Tron_(cryptocurrency)) > > [https://cryptoslate.com/justin-suns-controversies-plagiarism-teslas-warren-buffett-kidney-stones-and-a-deleted-apology/](https://cryptoslate.com/justin-suns-controversies-plagiarism-teslas-warren-buffett-kidney-stones-and-a-deleted-apology/) > > [https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal](https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal) > > [https://www.zdnet.com/article/tron-critical-security-flaw-could-break-the-entire-blockchain/](https://www.zdnet.com/article/tron-critical-security-flaw-could-break-the-entire-blockchain/) > > [https://fortune.com/2022/06/13/algorithmic-stablecoin-usdd-loses-peg-justin-sun-tron-decentralized-usd/](https://fortune.com/2022/06/13/algorithmic-stablecoin-usdd-loses-peg-justin-sun-tron-decentralized-usd/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_tron) to find submissions for other topics.

mutinomonem

Hardware wallets are special purpose hardware. They don't have a fraction of the attack surface of a general use computer. They consist of only the hardware needed to perform the signing of a txn and related tasks. Your laptop has so many security holes I can't even begin. Don't need to trust 1 vendor or one laptop, you can multisig 2o3 with differing vendors (and laptops and locations) utilising differing methods of signing. USB, QR, SD. The rabbit hole goes as far as you like. You don't have to trust any hardware vendors at all you can build your own. Seedsigner, jade has a DIY, specter etc. unless you can code your own wallet, you're always going to be trusting someone somewhere. That's the same level of trust you'd **still** have to give using a PC or laptop. Did you code the software that you used to generate a seed? How about the wallet software? If you think you understand more than industry experts, go ahead and do whatever you think is best. That's the beauty of bitcoin, just be careful.

MindTheMindForMind

Man, you are talking like “anyone could pick up a piece of paper and walk away”, uh, understood. Like anyone could take my car if i leave the keys in it smh. Plus if you don’t share your info with anyone, i am very confident that a thief will prefer a PC or TV than searching for a plausible piece of paper in others 100000 pieces of paper…

SkyJebus

This is a shit take, if that's the case, did you plugin your hardware wallet to set it up? HOT WALLET = KEYS ON PC = STOLEN CRYPTO ... USER STUPUD!

Aussiehash

Trezor One forces you to type in your Passphrase into your PC keyboard

conceiv3d-in-lib3rty

If a transaction you’ve made doesn’t make it to your destination wallet for whatever reason, the last thing you should ever do is try sending it again. That should be the biggest lesson learned from this experience. Besides that, it looks like your MM wallet private key was compromised somehow. If this was on PC, I would run Malwarebytes as well to make sure you don’t have a virus.

GranPino

Man. What a wall of text when the first sentence is already bullshit. The inflation is already predetermined like in bitcoin. And the cost of maintaining a validator is now a third than it was in 2020, and it will keeep decreasing. Setting up a validator is very profitable. That’s why even during the bear market the number of validators has grown. At the current price? More will come. And in the future much more. But most important, long term, the specs necessary to run the validator will become so much cheaper. The hardware is already less than 4K€. In some years, your typical high end PC will be able to handle the validator.

CointestMod

#TRON Con-Arguments Below is a TRON con-argument written by CreepToeCurrentSea. > TRON is a decentralized, open-source blockchain-based operating system with smart contract functionality, a proof-of-stake consensus algorithm, and its own cryptocurrency, Tronix (TRX). Justin Sun founded it in March 2014, and it has been overseen and supervised by the TRON Foundation, a non-profit organization in Singapore founded the same year. It began as an Ethereum-based ERC-20 token before migrating to its own blockchain in 2018. > > # CONS > > **Whitepaper Plagiarism** > > In January 2018, Tron's developers were accused of plagiarism after many sections of the Tron whitepaper appeared nearly identical to IPFS and Filecoin technical documentation. IPFS is an acronym for InterPlanetary File System. Juan Benet, CEO of Protocol Labs, which develops IFPS tools and services, revealed on Twitter in early January 2018 that Tron's whitepaper authors did not properly cite references and that the document was "mostly copied" from other projects. Even the equations and formulas mentioned in the first version of Tron's whitepaper were identical to those found in IPFS documentation. Sun claimed to have a "very detailed" reference to the most recent Chinese version of the Tron whitepaper. He also claimed that the Tron paper was translated into other languages by volunteers who may have overlooked important details. Just as Vitalik had also sarcastically said in twitter regarding the teams copy-pasting abilities, this just goes to show how un-genuine their team appears even making the most basic of mistakes. > > **Question of Vulnerability** > > A barrage of requests sent by a single PC could be used to squeeze the power of the blockchain's CPU, overload the memory, and perform a distributed denial-of-service (DDoS) attack, according to HackerOne. "Using a single machine, an attacker could send DDOS attack to all or 51 percent of the Super Representative (SR) node and render Tron network unusable or unavailable," the claim goes. While TRON is somewhat better in marketing compared to other cryptocurrencies, it falls short on one of the most important pillars for an effective one, that of which is security. To hinder a blockchain with just one computer is the polar opposite of what you want a cryptocurrency to be. > > **Un-Stablecoin** > > TRON's native stablecoin "USDD" de-pegged to the US dollar earlier this year, falling to as low as 91 cents. Its design is uncannily similar to Terra's stablecoin, UST, which lost its price peg and imploded a month ago, wiping out $40 billion in market value. If it continues to follow UST's path considering how similar they are in function and structure, one could assume they also have a ticking algorithmic time bomb in the making. > > **Final Thoughts** > > It seems that TRON has a knack for idolizing (to the point of almost copying their work) other projects both in and out of the crypto-sphere. What I do hope is that they also know what not absorb. Else, they have nothing but a mushed up bowl of their favorite things and just decided it would stick together with glue and duct tape. > > Sources: > > [https://en.wikipedia.org/wiki/Tron\_(cryptocurrency)](https://en.wikipedia.org/wiki/Tron_(cryptocurrency)) > > [https://cryptoslate.com/justin-suns-controversies-plagiarism-teslas-warren-buffett-kidney-stones-and-a-deleted-apology/](https://cryptoslate.com/justin-suns-controversies-plagiarism-teslas-warren-buffett-kidney-stones-and-a-deleted-apology/) > > [https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal](https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal) > > [https://www.zdnet.com/article/tron-critical-security-flaw-could-break-the-entire-blockchain/](https://www.zdnet.com/article/tron-critical-security-flaw-could-break-the-entire-blockchain/) > > [https://fortune.com/2022/06/13/algorithmic-stablecoin-usdd-loses-peg-justin-sun-tron-decentralized-usd/](https://fortune.com/2022/06/13/algorithmic-stablecoin-usdd-loses-peg-justin-sun-tron-decentralized-usd/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_tron) to find submissions for other topics.

GrandioseEuro

Not at all true in the EU. The EU just this summer passed it's legislative framework for regulating crypto. This creates a similar regulatory framework for crypto as what exists for traditional markets, creates market harmonization, and an EU wide licensing system (passporting). https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52020PC0593 Meanwhile multiple EU states are year after year asking the EU to cap cash payments. Some EU states internally already have limits on cash payments. This is all done due to money laundering.

Halo22B

A fairly safe compromise is to import your seed on to your tailsOs/unconnected PC. Export your XPUB and import that to an electrum instance on an Internet connected PC. Your private keys were never exposed to the internet, your "balance" is available to the online machine. If you wanted to move funds you could create a PSBT on the online machine, transfer to the secure instance and sign and then transfer back to broadcast.

yayreddityay

Hijacking the top comment to add knowledge from an ancient time when crypto subs used to have a good signal to noise ratio: >"The Creature from Jekyll Island" Griffin >"The Ascent of Money" >"Debt, the First 5000 Years" >"War is a Racket" Butler >"Confessions of an Economic Hitman" >"This Time is Different" >It's all really quite simple. Money is an illusion or delusion really. People have only to believe it is real. The more ethereal the token, the better it suits the purpose of money. So government/bank/debt money is a combination of accounting, tribalism, authoritarianism and theatre. It is pure abuse of conscience and thus perhaps Humanity's greatest crime. Those that hold the power of the delusion feast on the lives of the deluded. >Voluntary money due to hard perfect Nakamoto accounting is the end of the Medici accounting other. Medici accounting is secret ledgers kept secure under authority. Nakamoto accounting is public ledgers kept honest by open scrutiny and secure by 256 bit hashing. >John Nash by proving there is possible mathematically encryption that can not be broken is our intellectual pillar. >Turning money from a system of authority into a gadget is as big a step forward as any of the steam engine, internal combustion engine, magneto motors, the diode, von Neumann machines, microprocessors, the PC, or the Internet. >If you really want to grok it, Macluhan helps too. >Imagine that all human communication beyond the reach of your hand was by law ordered to pass through the church, where the brass could use it and distort it prior to passing it along. That is money today. >Money is communication. Nakamoto money is Shannon perfect. That is, it is noiseless and lossless. (I guess we are still seeing if it is also Turing complete :》) Tldr: Separation of Church and State was good. Separation of Money and State is also good. https://np.reddit.com/r/ethereum/comments/65m40k/best_books_on_current_central_banking_system/dgbmj5o/?context=3

SnooRevelations3802

>Never, ever, under any circumstances enter your mnemonic seed words into a PC, Mac, Mobile or web browser. Even if running tails and the laptop is unable to connect to the internet ever again? (wifi chip removed)? > You options include Ledger Live, SparrowWallet, Electrum, Specter (and probably Nunchuk) can i safely do this in an online computer then? i do have the nano and the pin.

Aussiehash

Never, ever, under any circumstances enter your mnemonic seed words into a PC, Mac, Mobile or web browser. You need to connect your NanoS to a software wallet with the mnemonic seed words only existing inside your NanoS. You options include Ledger Live, SparrowWallet, Electrum, Specter (and probably Nunchuk)

VeryThicknLong

He definitely lost his PC in a boating accident

4Run4Fun

I can't help but laugh when I get these...probably because I don't own a PC with a webcam, or a microphone.

Giga79

You still use centralized exchanges for fiat ramping. With your own wallet you're just able to treat a CEX like the infested public washroom it is, you go in - do your thing - and get out, you aren't meant to hang out in there longer than necessary. There are hot wallets you can use too. Hot wallets are online, run on your PC, they aren't ideal as with malware it's possible to extract your seed phrase. Something like Electrum, or BlueWallet for iOS. IMO with basic security measures the risk of losing your coins that way are much lower than holding them with a foreign/unregulated exchange entity, which is just a matter of time. Ideally, and especially for large sums, you should use a cold (offline) or hardware wallet instead, so that way no one but you-the owner even potentially may access it. Cold/Paper/Hardware Wallet > Hot wallet > Exchange IOUs

ross_st

Software wallets only exist to artificially lower the barrier to adoption. If the tech world actually took cryptocurrency seriously, there'd already be a little hardware wallet in every PC and smartphone as a standard feature. There isn't, because the tech world at large rightly sees cryptocurrency as a joke.

frunf1

Ask yourself this: Is it legal to buy someones used gaming PC?

ross_st

*Every* software wallet at some point needs an unencrypted instance of the private key in RAM to function. There's no way around that. That doesn't just apply to crypto wallets. If your PC is infected with a rootkit, any password you use on it is vulnerable, no matter how well-written the software you're using those passwords in is. Well-written software will hold secrets in RAM for only as long as is necessary, but if you have a rootkit that's constantly monitoring what's in RAM then that doesn't matter. And the thing about cryptocurrency wallet keys is they're in a standard format, so the rootkit knows exactly what to look for. So it doesn't even matter **which** software wallet you use, if your PC is infected with a rootkit that is able to monitor everything stored in RAM, then it will exfiltrate your private keys when they are used. The rootkits that exfiltrate private keys don't target Metamask or any specific software wallet. They just monitor RAM for the appearance of anything that looks like a private key, and exfiltrate it. The only real defence against the exfiltration of secrets from RAM is for the secrets to not be held in RAM at all, and instead be held in a hardware security module. That's what a hardware wallet is.

Senditwithethan

How do you safely delete metamask and clean those keys off the PC

Shot-Buffalo-2603

I work in offensive security. The answer is basically no. Vulnerability exist to exploit your PC or the browser binary itself directly from a website with no interaction but they’re rare and extremely complex to the point that typically government funded hackers are the only ones capable of weaponizing it, and they’re only using it for intelligence purposes, not to steal your crypto. Their are classes of bugs that can occur due to website misconfigurations by simply browsing to a website, but none are capable of reading process memory. Most likely scenario is phishing scam or unknowingly downloading something malicious. OP says he didn’t do that. But the keyword is *unknowingly* and he probably did

impulse7oh9

I just have authy on my desktop but whatever works. I also have an old PC for nothing but wallets that's never in unless making a txn

Krirby2

Did you use the PC for other purposes? Even internet browsing on it you could've picked up some malware

kyuronite

Some shit to think about: Your partner needs to go through emails and check how it was given. Friend was sent bitcoin, how did she get the address to receive bitcoin? Did she use an app? Did she use an exchange? Does she have any sign up emails? Can her friend tell her how it was sent? Was there any chat logs where the friend asked to send? You need to at least know the receiving address. If it was sent to the receiving address and remains there to this day, then it probably means that it was a personal wallet. If a personal wallet, does mycelium ring a bell? Bread? Coinomi? etc. Does she happen to have any written 12 words down? Her old devices? If it's on a PC, can she search for a wallet.dat file? If an exchange, there's plenty of defunct exchanges. I would go through her email to comb for 2013 sign ups for any crypto exchanges.

MesmariPanda

Don't use that wallet or PC again

PsychoVagabondX

If noone has your seed phrase then it would be incredibly difficult (I'd like to say impossible, but I'm leaving the tiniest margin of error) for someone to breach a hardware wallet. The problem with a software wallet is that as it's on a PC that can install other software, malware can do things like read unencrypted keys from memory or intercept your key store (in the case of metamask, this is only encrypted using your metamask password) and send them to an attacker. For the same to happen to a hardware wallet, either malicious firmware would need to be installed or someone would physically have to have access to the hardware wallet and likely your pin. Not saying it's impossible to crack a hardware wallet without the pin but I'm not aware of it happening in the past.

itsEndz

Did you mine this Eth? Was the pc you mined from the same one you access all wallets from? Has there been any exploits associated with the various revisions of mining software used? Lastly did you store your keys/seed phrase on this same PC or even a phone you could control the mining software from? I have no fix, way beyond my knowledge, so I'm just trying to think of ways you slipped up so you, and others, can avoid it in future. Good luck regardless.

PsychoVagabondX

Just FYI, if metamask is installed on your PC then the private key for your wallet is stored on your PC only encrypted by your metamask password, and your private key is exposed unencrypted in memory any time you unlock your wallet. This is true to varying degrees of every software wallet because it's how they are able to function. If you are going to buy crypto and hold custody yourself then use a hardware wallet. As other have said your only real option is to report it to the police but don't hold a particularly high hope that they'll achieve anything.

telejoshi

Here's your wallet: https://etherscan.io/address/0x65068888958E33FB760E2802047aC9b643398A0a You can see the "Out" transaction down in the list of transactions. You can click on the address where it has been sent to. From there it went further (10 ETH) to another wallet, then another wallet and finally there are two transactions of 4 and 5 ETH to Kucoin addresses (they're shown in the list). Sry Man. I think you must have connected your wallet to an airdrop, a fake exchange website or something, maybe you have malware on your phone or PC.

Prahasaurus

Also, that wallet is compromised, never use it again. Your PC may also be compromised.

ImperialPotentate

OP is saving for a short-term goal (buying a PC) not investing. Two different things. Claiming a loss and reinvesting later isn't going to achieve that goal.

DrewBrew95

10-25% in BTC then save whatever youre missing for the PC

tyrag3294

If you understand it can go down 30% in a few months and you’d be willing to hold onto it longer until it goes back up (if that happens), not a terrible idea. Anything can happen in a couple months. I suggest holding off on buying a PC for a while, or buy a less nice one and try to hold at least a couple hundred bucks of bitcoin for over a year to save up. Bitcoin is going to go up a LOT in value, but that will take some time

StackOwOFlow

no because short term fluctuations can mean the difference between a powerful PC and [this thing](https://www.reddit.com/r/pcmasterrace/comments/17vyojl/im_thinking_of_buying_this_pc_is_it_worth_it/)

mammothgrid

If your plan is to watch it increase and value then sell for your pc? Then no. Dumb dumb. Save PC with usd. Bitcoin saving is for 15-20 year mindset at MINIMUM

Esta_noche

Buy PC, mine crypto. What's your electric cost? Cheap-ish I assume since your Canadian

MiguelLancaster

2-3K is already more than enough to build a PC, so unless you're planning on saving for a PC that you're going to buy at least 5 years from now, then no, you should not do that

Boring-Bus-3743

If you are buying a PC in 2 years and wat h the price it might not be a horrible idea. Ally has high interest savings accounts I think its @ 4.5-5% right now. No risk and guaranteed return for short term place to store some cash.

jony_be

Would you buy gold to save up to buy a PC?

Citizen_Kano

BTC isn't suited to short term savings. There could be an FTX level event the day before you wanted to go PC shopping

AlabamaHaole

Yes. If you need the money for a PC just park it in a high interest checking or savings account while interest rates are high.

Samdlittle

Why not just spend your 3k on your new PC?