pull down to refresh
0 sats \ 0 replies \ @Mag_Dumps 6 Oct 2023 \ on: Brute force and the coins are yours bitcoin
OoooOoOO.......watching this 0.0
I have both and utilize both. Honestly Trezor wins in the user friendly side of things for just pure hodling in regards to their suite and touch screen...... and of course I only use the BTC only firmware.
I like jade for more of the "day to day" signing with their Bluetooth and QR scanning.
If you change the software /OS.....it doesnt matter what "backdoors" are on the hardware. Software is what tells hardware how to act.
yes.......I bought another hardware wallet. At first, I was going to use my per diem card (debit card). The card company denied that purchase from the website, so i said f*ck it. I used moonpay, bought BTC and paid with that since the retailer accepted BTC as an option.
So .....My purchase was censored, and I used bitcoin to circumvent the censorship. It may have cost a little more to go that route, but it was a matter of principal to me and i was pissed being denied to spend my funds how i saw the need.
If there was a source or an offramp to directly pay my mortgage in the U.S. with BTC.....I would be 100% in BTC.
I would purposely work under the income threshold where I would not get taxed on long term holdings and use BTC to pay for everything else.
Im going to bring out the skeptic in me with BlackRock. I don't trust them at all. They represent everything that I as a bitcoiner believe what is wrong with the world today.
I would not be surprised that they would begin hyping BTC and then rug pull everyone and say "see!!! i told you BTC was bad" and everyone who is burned will agree. Then you'd have big daddy govt come in, bail BR out and come out looking like the hero.
Yes i have an extreme distrust with big corporations and govt. Nevertheless, BTC would just come out on top stronger than ever. Its just do damn tiring with their never ending agendas against humanity.
I would say that I am saving. BTC that i purchase will never turn in to fiat again as long as it is in my custody. Therefore, I am saving in BTC to spend BTC in the future.
Unfortunately not a lot of retailers accept Bitcoin in the U.S.
You also create taxable events in the U.S. with any purchases with any crypto as none are recognized as a currency...yet.
You also have to take in consideration, is that a lot of bitcoin holders see the current value of BTC is still in its infancy stage so sadly it makes more sense to spend a fiat currency that continues to lose its purchasing power, rather than an asset that is believed to only increase in value exponentially in the near future.
Personally, i dont see an increase in the spending of BTC for daily purchases until at least salaries are paid in BTC. My dream world is to never have to touch fiat ever again, its a slow sometimes painful process but i do believe most here will see that day unfold.
GENESIS