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Re: Another bitcoin problem
[Re: Skinny]
#4106047
03/24/24 08:55 AM
03/24/24 08:55 AM
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Joined: Feb 2009
Posts: 2,792
Huntsville, Al
Bronco 74
10 point
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10 point
Joined: Feb 2009
Posts: 2,792
Huntsville, Al
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Whoops someone fracked up
"We have an opponent in this state that we work every day, 365 days a year, to dominate."
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Re: Another bitcoin problem
[Re: Skinny]
#4106117
03/24/24 12:02 PM
03/24/24 12:02 PM
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Joined: Jan 2017
Posts: 3,553
Lower Alabama
Andalusia
10 point
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10 point
Joined: Jan 2017
Posts: 3,553
Lower Alabama
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Guessing around 1.85 Billion US
"If you are the smartest person in the room, you're in the wrong room"
"How you do Anything, is how you do Everything"
"It is the mark of an educated mind to be able to entertain a thought without accepting it"
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Re: Another bitcoin problem
[Re: Skinny]
#4106202
03/24/24 04:34 PM
03/24/24 04:34 PM
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Joined: Mar 2012
Posts: 2,462
Mississippi
riflenut
10 point
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10 point
Joined: Mar 2012
Posts: 2,462
Mississippi
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I don’t understand this crypto stuff at all. If it’s a digital currency, how does it only exist on this hard drive?
"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not." Thomas Jefferson
"I ask, who are the militia? They consist of now of the whole people, except a few public officers." George Mason
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Re: Another bitcoin problem
[Re: riflenut]
#4106203
03/24/24 04:37 PM
03/24/24 04:37 PM
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Joined: Aug 2001
Posts: 63,835
Luverne, AL
Skinny
OP
GUVNER
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OP
GUVNER
Joined: Aug 2001
Posts: 63,835
Luverne, AL
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I don’t understand this crypto stuff at all. If it’s a digital currency, how does it only exist on this hard drive? Its encrypted data that can only be saved to one place. In this case, its the hard drive.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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Re: Another bitcoin problem
[Re: riflenut]
#4106295
03/24/24 07:36 PM
03/24/24 07:36 PM
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Joined: Nov 2012
Posts: 1,379
Hoover, AL
GmeHunter
8 point
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8 point
Joined: Nov 2012
Posts: 1,379
Hoover, AL
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I don’t understand this crypto stuff at all. If it’s a digital currency, how does it only exist on this hard drive? You have cash you have it in your wallet. A crypto wallet is your digital wallet. The only thing that can unlock it is a 12 or 24 random word phrase that you memorize or write down and store it somewhere. Some folks will do download a wallet onto their computer and store there bitcoin there so nobody can take it. If someone threw away the harddrive with your wallet on it - its gone. It is the only way to protect your bitcoin where it cannot be hacked. Most keep a digital wallet online where you can log into it with the passphrase. The wallets are stored on a server, but no one can get access withiut your passphrase. A friend of my moms had a hard wallet offline and saved his password on the same computer. He took it to a repair shop to get it fixed back in 2021. When Bitcoin hit 35k, they decided to sell their 10 bitcoin to pay off their house and their wallet was empty. Someone could have hacked their computer or repair shop employee was dishonest. Most people that buy lots of bitcoin buy an encrypted thumb drive to download it on and then store it in a safety deposit box at a bank. You can take that thumbdrive anywhere in the world that has bitcoin on it and plug it into a computer with internet and sell it.
Last edited by GmeHunter; 03/24/24 07:38 PM.
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Re: Another bitcoin problem
[Re: GmeHunter]
#4106414
03/25/24 04:50 AM
03/25/24 04:50 AM
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Joined: Aug 2001
Posts: 9,663
blount county alabama
imadeerhntr
14 point
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14 point
Joined: Aug 2001
Posts: 9,663
blount county alabama
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I don’t understand this crypto stuff at all. If it’s a digital currency, how does it only exist on this hard drive? You have cash you have it in your wallet. A crypto wallet is your digital wallet. The only thing that can unlock it is a 12 or 24 random word phrase that you memorize or write down and store it somewhere. Some folks will do download a wallet onto their computer and store there bitcoin there so nobody can take it. If someone threw away the harddrive with your wallet on it - its gone. It is the only way to protect your bitcoin where it cannot be hacked. Most keep a digital wallet online where you can log into it with the passphrase. The wallets are stored on a server, but no one can get access withiut your passphrase. A friend of my moms had a hard wallet offline and saved his password on the same computer. He took it to a repair shop to get it fixed back in 2021. When Bitcoin hit 35k, they decided to sell their 10 bitcoin to pay off their house and their wallet was empty. Someone could have hacked their computer or repair shop employee was dishonest. Most people that buy lots of bitcoin buy an encrypted thumb drive to download it on and then store it in a safety deposit box at a bank. You can take that thumbdrive anywhere in the world that has bitcoin on it and plug it into a computer with internet and sell it. So it’s basically all imaginary? My simple mind just can’t get behind something I cannot understand
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