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Meme: Cardano by 2030
Content: https://preview.redd.it/6ma2y4l43zi71.jpg?width=640&crop=smart&auto=webp&s=949db29fc4e55f886f4d8fd440223206f2839438 submitted by /u/HouweTrouwe to r/cardano
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Url: https://www.reddit.com/r/cardano/comments/p9kqvm/meme_cardano_by_2030/
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Why do people put their money on a bank where they get no interest, while they could stake crypto? Btw, where do you get the best interest rates on token?
Content: I mean yes, the staking interest rates arent astronomical, but at least you get interest rates.

submitted by /u/Morgentau7 to r/CryptoCurrencies
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Url: https://www.reddit.com/r/CryptoCurrencies/comments/p9jnxc/why_do_people_put_their_money_on_a_bank_where/
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I would just like someone to clarify this for me: your wallet’s public key is safe to give out and make public because no one can access your coins with it, while your private key (the 24 word phrase) is what you need to keep secret… right?
Content: submitted by /u/propaneplug to r/BitcoinBeginners
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Url: https://www.reddit.com/r/BitcoinBeginners/comments/p9jgaa/i_would_just_like_someone_to_clarify_this_for_me/
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“The interactive nature of Lighting Network can cause usability issues. Since it requires both parties to be online it may not work well in 3rd work countries with poor internet infrastructure.”
Content: https://external-preview.redd.it/gxaiUaMOzx_r9UzMdiPabuaNiQ-rn-K0E3m83mUHusw.jpg?width=108&crop=smart&auto=webp&s=3da29884cc6a110692819aef9efdfacb1e7b25de submitted by /u/btcxio to r/btc
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Url: https://www.reddit.com/r/btc/comments/p9h0o6/the_interactive_nature_of_lighting_network_can/
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Your cryptocoins are not secure until you have a working Disaster Recovery Plan
Content: TL;DR: Your coins aren't safe if you don't continuously keep multiple secure/encrypted backups of your keys in separate locations.

When people discuss crypto security, they usually focus only on securing against attacks. However, it is equally important to secure your coins against recovery failure.

If you only store your keys on a single device, you will eventually lose your coins. Even storing your key on 2 devices is not always sufficient due to geographical disasters.

By "key", I mean anything that is used to access to your coins, including: account password, seed phrase, recovery/backup code, hardware token, hardware key, 2-factor authenticator app, 2-factor authenticator generator, email account, smartphone, password safe master password, etc.

No device lasts forever. Smartphones typically last 2-5 years while computers can last 5-15 years. What this means is that over the many decades of your lifetime, you are guaranteed to lose copies of keys stored on software media multiple times. Digital hardware tokens typically only last 2-10 years. For non-electric hardware keys (the $100-200+ ones), it's quite difficult to not lose or misplace one over 30+ years, especially if you relocate homes often.

Here's a basic disaster recovery checklist (both private wallet & custodial):

* Do you have an encrypted backup of your keys if the device that normally stores them (computer, smartphone, storage media, security device, etc.) is lost or permanently fails?
* If you end up losing multiple devices simultaneously in a single location (fire, flood, bad luck), can you still recover your wallet?
* Do you have a standard operating procedure for duplicating all your keys to the replacement backup in a timely manner once the original backup fails?
* People sometimes use old, unused devices for backups, but this is dangerous because old devices fail more often, especially when they're unused.
* If you're memorizing passwords and recovery keys in your head, do you trust that your memory will still be good when you get old?
* Occasionally simulate a mock disaster recovery to make sure your backups still work and that you remember how to use them.

If you have a private wallet:

* Have you looked up what's required to recover your wallet? This is usually the seed phrase + basic info about the type of wallet.
* If someone accidentally discovers your hardware key, can they easily brute force the key on every popular wallet until they find one that accepts the key?
* If you use a hardware key, do you have encrypted offline digital backups in case you lose it or if it's damaged enough to become unreadable? (Also, be careful of clipboard managers and text loggers since they can keep track of what you type or copy-paste.)

If you store your coins on a centralized exchange:

* Most accounts also require access to an email address or smartphone for additional verification. If you lose access to those, are you still able to recover?
* Alternatively, have you gone through Know Your Client (KYC)? Many centralized platforms have a method of allowing you to recover your account if you can sufficiently prove you are the owner via KYC identification. However, this can take months since support will need to wait to be certain that no one else can claim to be you.
* Centralized crypto platforms are NOT traditional financial institutes and can take forever to recover your account. The Coinbase subreddit is a giant wall of customer support requests of people waiting weeks to months with no support. CeFi lending platforms tend to be faster with customer support, but it's hit or miss, and recovery requests tend to take the longest.

Inheritance

For private wallets and DeFi platforms, a Dead Man Switch is the best solution when you can't completely trust that your beneficiary won't run off with your wallet. If you haven't [...]

set up a dead man switch, your coins are as good as burned when you die. Google Inactive Account Manager can be used as a basic DMS.

Also make sure your dead man switch isn't sufficient by itself to give access to the account. Otherwise, the custodian of the switch can also steal your wallet. You can do that by splitting your key into multiple parts.

For centralized platforms, it's a mixed bag. Some platforms like BlockFi allow you to submit a beneficiary list by form, but other platforms like Coinbase and Celsius Network don't offer direct beneficiary services. Your relatives would have to contact their support and go through probate after your death. Platforms like Binance and Nexo have no support for beneficiaries.

submitted by /u/Maleficent_Plankton to r/CryptoCurrencies
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Url: https://www.reddit.com/r/CryptoCurrencies/comments/p9mixi/your_cryptocoins_are_not_secure_until_you_have_a/
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So true
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Url: https://www.reddit.com/r/dogecoin/comments/p9hjz9/so_true/
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PSA: Monero decentralized mining pool (p2pool)
Content: Hello everyone!

I've spent the summer on this little (well, not so little) side project and it's 99% ready now and will enter testing phase next week (first on testnet, then on mainnet).

- Why?

There's been quite a few worries about mining pool centralization and the possibility of 51% attacks. Since atomic swaps went live, solving exchange delisting/KYC threat, mining is now the most centralized part of the Monero ecosystem. One particular pool accounts for almost 40% of Monero's network hashrate. This is not a long-term stable/safe situation. Pool admin can be pressured to do bad things, go rogue or exit scam. Pool server can be shutdown: many didn't think it was a real possibility, but the recent events with MoneroOcean proved them wrong. I expected somethig like this to happen eventually, but I didn't think it would happen so soon. Anyway, the solution is coming!

- What is it?

P2Pool combines the advantages of pool and solo mining. You still fully control your Monero node and what it mines, but you get frequent payouts like on a regular pool. No one can use your miner rigs for a 51% attack!

- How does it work?

P2Pool, as a proper blockchain implementatioon, is decentralized. It has no central server that can be shutdown/blocked. It uses a separate blockchain to merge mine with Monero. Pool admin can't go rogue or be pressured to do an attack on the network because there is no pool admin! There is no one to decide who can mine on the pool and who can't - it's permissionless. All pool blocks pay out to miners immediately. There is no pool wallet, funds are never in custody - it's trustless.

P2Pool uses PPLNS payout scheme, has 0% fee and 0 XMR payout fee (by design, fees can't be added there). Minimal payout is less than 0.0005 XMR thanks to the very efficient miner reward transaction format - each individual miner payout takes only 38 bytes on the Monero blockchain!

- Can it handle the load?

Monero p2pool is written from scratch in C++. It uses the same high-performance libuv library as xmrig-proxy and each node is able to handle thousands of concurrent miner connections. It supports uncle blocks (like in Ethereum) which allows it to run with very fast block times. I tested it locally with several nodes mining 10 blocks per second and didn't get any orphans! Block times as low as 1 second are possible on the Internet.

Source code is here: https://github.com/SChernykh/p2pool

If you want to join the testing, join #monero-pow on IRC. Instructions will be communicated there next week!

submitted by /u/sech1 to r/Monero
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Url: https://www.reddit.com/r/Monero/comments/p9apyd/psa_monero_decentralized_mining_pool_p2pool/
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$Useless charting app, now with dark mode and whale watching tab. BETA now open to all holders. Goodbye glitchy Poocoin
Content: ​

https://reddit.com/link/p9nmx2/video/9kkxvoa9wzi71/player

submitted by /u/-Buzzlightyear_ to r/CryptoCurrencies
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Url: https://www.reddit.com/r/CryptoCurrencies/comments/p9nmx2/useless_charting_app_now_with_dark_mode_and_whale/
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Sentiment is changing, here's my proof
Content: Found this Youtube video released Aug 20th 2021 that already has 320k views. It basically gives the best representation of BCH I have seen so far. Very noob friendly.

You'll be sold on the video within the first 80 seconds, probably sooner.

https://www.youtube.com/watch?v=EhRUqZt3-Yc

submitted by /u/ShortSqueeze20k to r/btc
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Url: https://www.reddit.com/r/btc/comments/p9m6r3/sentiment_is_changing_heres_my_proof/
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BCH Argentina Odysee channel
Content: https://external-preview.redd.it/3RIr3F-sIznvgkfbadG_dXur3i-g9Ku5Fyd3eA_swrA.jpg?width=640&crop=smart&auto=webp&s=91692673280d88b495acef99c9636da0ce5dbf7a submitted by /u/BitcoinCashArgentina to r/btc
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