Money is basically just an accounting journal entry in a computer. SWIFT is just a computer messaging system. What's more likely, Russia just ceases to exist as we now know it, or they set up their own SWIFT-like system (perhaps blockchain based) with China and neutral countries? India and Brazil, plus the Gulf states, seem to be staying out of this fight. Consider that even freaking ISIS was able to sell oil in the 2014s, completely illegally on the black market but still sold. Russian oil isn't going anywhere, and Russia will come up with a method for people to pay for it. SWIFT is giant shot to hit Russia with, but it is a shot that can only be fired once.
All of this is just an observation and analysis, not an endorsement of any faction.
tl;dr, expect more crypto and blockchain adoption.
30yo leaving the military, will stay with family and use the GI bill. Looking for best way to live off investments, need(want) at least ~$2k a month while in school. Have 2BTC, 5ETH, 27k STX, $30k managed stocks(inheritance) and $45k in gov retirement account.
Stacking 27k STX produces about $350 a month(xverse), so hoping STX and BTC price movement boosts that in due time.
What do you suggest for someone who is travelling a lot and not willing or able to carry your hardware wallets everywhere and not comfortable keeping it at home while being away?
In that case does a bank safe vault make sense?
Or in a place like Singapore a gold vault where you can more easily and anonymously store your assets?
I've heard Andreas Antonopoulos say that mobile devices are better than laptops to set up hot wallet as they carry better security. Specifically for beginners who do not know the 'right' way to set up wallet on a laptop
Not a security expert so cannot verify, but the reasoning he provided sounded legit
If any security experts on the Jungle can confirm this - might be useful for a few beginners in the jungle!
In a scenario where there is no electricity let's say now Ukraine or some other country in a war etc how will BTC and other computer coins be useful without electricity in a total blackout?
Money is basically just an accounting journal entry in a computer. SWIFT is just a computer messaging system. What's more likely, Russia just ceases to exist as we now know it, or they set up their own SWIFT-like system (perhaps blockchain based) with China and neutral countries? India and Brazil, plus the Gulf states, seem to be staying out of this fight. Consider that even freaking ISIS was able to sell oil in the 2014s, completely illegally on the black market but still sold. Russian oil isn't going anywhere, and Russia will come up with a method for people to pay for it. SWIFT is giant shot to hit Russia with, but it is a shot that can only be fired once.
All of this is just an observation and analysis, not an endorsement of any faction.
tl;dr, expect more crypto and blockchain adoption.
Has never been a bigger advertisement for the need to self custody then now. I am making it a daily exercise to remember my seed phrase.
30yo leaving the military, will stay with family and use the GI bill. Looking for best way to live off investments, need(want) at least ~$2k a month while in school. Have 2BTC, 5ETH, 27k STX, $30k managed stocks(inheritance) and $45k in gov retirement account.
Stacking 27k STX produces about $350 a month(xverse), so hoping STX and BTC price movement boosts that in due time.
What do you suggest for someone who is travelling a lot and not willing or able to carry your hardware wallets everywhere and not comfortable keeping it at home while being away?
In that case does a bank safe vault make sense?
Or in a place like Singapore a gold vault where you can more easily and anonymously store your assets?
I've heard Andreas Antonopoulos say that mobile devices are better than laptops to set up hot wallet as they carry better security. Specifically for beginners who do not know the 'right' way to set up wallet on a laptop
Not a security expert so cannot verify, but the reasoning he provided sounded legit
If any security experts on the Jungle can confirm this - might be useful for a few beginners in the jungle!
Iguana - for BTC, do you have an opinion on Casa? Gnosis seems like a great option for ETH. Thanks for the write up!
For the 1M > level - since you can't store bitcoin on it, do you just spread your bitcoin across multiple hardware wallets?
Honestly setting up my own server for storing BTC sounds scary lol. Mainly worried I would make a mistake somewhere along the way.
The thought of hardware wallets being compromised terrifies me lol. It's stopped me from investing a larger % of my NW in crypto above 33%.
Really got the timing right on the post Bull. Thanks once again
Excellent post! Thank you for the breakdown.
Have metamask installed with ledger integrated - is there still significant risk of that?
Got about 200k
In a scenario where there is no electricity let's say now Ukraine or some other country in a war etc how will BTC and other computer coins be useful without electricity in a total blackout?
Best hot wallet for Bitcoin? Ideally mobile