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bitcoin

 
steward
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Let me pull out my crystal ball and ....   okay I'm rubbing it  ...    trying to think of mystic words ....   oh, right, there's a big crack in it - I don't think I can get it to work.  :)

Right now the covids are about a quarter of what they were a month or two ago.  So, a strong downward trend.   And that strong downward trend will probably continue and the borders will open in the next few weeks.  

So my thinking is that in about two weeks the PDC will be sold out.  And two weeks after that the border will open and then answering questions about what my official policy is about border comedy becomes a lot easier.  Therefore I choose PUNT!  I will answer these questions in one month!  :)

 
paul wheaton
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I very much appreciate the advice.  I'll probably need a refresher on all this when I have a moment to try it.  For now:  book, kickstarter, events, projects ...
 
paul wheaton
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I have my bitcoin stuff set up at coinbase.  They say that if others set up there with this link

  https://www.coinbase.com/join/wheato_2l

I get ten bucks worth of bitcoin.  

I kinda feel like coinbase was a bit spooky for a while there (a year ago?), but now it seems solid.  

I know some people have told me stuff about how the best thing to do is maintain your own wallet.   I haven't tried that yet.

If you wanna just dabble a litte, coinbase does seem pretty simple.

 
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paul wheaton wrote:
I kinda feel like coinbase was a bit spooky for a while there (a year ago?), but now it seems solid.  

I know some people have told me stuff about how the best thing to do is maintain your own wallet.   I haven't tried that yet.



I have had some bitcoin for a long time, I have both a Coinbase account & a private wallet. A private wallet takes a little expertise, but it's certainly within your skillset. The trick is that you need to keep your wallet on a secured device, or at least as well secured as is possible. The phone app that I use is called Mycelium, and they do a good job regarding security; private keys remain only on the phone, encrypted, passcode locked, 12 word backup format etc.  That said, don't keep more bitcoin on your phone than you'd feel comfortable walking around with real cash.  Large balances need to be transferred to a more secure format, such as a "cold" wallet were the 12 words are kept in a secure place and are not actually loaded onto an internet connected machine until necessary.
 
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