reply on: Lost $1000+ worth of BTC - not your key, not your wallet, true as hell \ stacker news ~bitcoin

22 sats \ 14 replies \ @NeuroNinja OP 20 Sep 2023 \ parent \ on: Lost $1000+ worth of BTC - not your key, not your wallet, true as hell bitcoin

Thanks a lot, I will do some research on this stuff before jumping into something again. Post my plan here, see how well it is taken by community and then go on with implementing the plan. Atleast that's my plan for now.

206 sats \ 7 replies \ @orthwyrm 20 Sep 2023

Sounds like a good idea!

I'm sure you know this already, but it's also good to keep these discussions public. Plenty of scammers try to target newcomers via PMs.

1 sat \ 5 replies \ @NeuroNinja OP 20 Sep 2023

True, I got this in my DMs but ignored and not replying to such stuffs. Telegram is just full of this shit. I am watching my steps very carefully now and that's why joined nostr and stackernews. Nostr is not really helpful but it feels like a helpful and small community here. Thanks

0 sats \ 4 replies \ @nemo 20 Sep 2023

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1 sat \ 3 replies \ @ek 20 Sep 2023

When we add DMs, scammers will at least have to pay you and you can set how much you want to be paid for a DM

Or just disable DMs

Which could be the same as just making it very expensive, lol

0 sats \ 2 replies \ @nemo 20 Sep 2023

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1 sat \ 1 reply \ @NeuroNinja OP 20 Sep 2023

I really like the minimal, no bullshit interface for stackernews. I don't know, what it will become and look like when it is full of users and features (maybe like reddit). I might then quit the platform. New features attract new scams. STACKER NEWS == TRANSPARENT (that's what I love about it)

0 sats \ 0 replies \ @nemo 20 Sep 2023

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0 sats \ 0 replies \ @nemo 20 Sep 2023

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0 sats \ 5 replies \ @IanMalcolmPhd 20 Sep 2023

Hmmm, my thought is have a separate phone with no apps on it other than the Bitcoin wallet (and signal to send addresses to yourself). Do not ever unlock this phone in the presence of another person.

Have the hot wallet on the other phone (the one that doesn't have a large amount of Bitcoin) with a lightning wallet such as blixt.

0 sats \ 4 replies \ @orthwyrm 20 Sep 2023

That would be better if possible. I was assuming OP only had the one phone.

0 sats \ 3 replies \ @NeuroNinja OP 20 Sep 2023

This is a great idea. I can have another phone but still I would not trust a device as a single point of failure. Can my seed (passphrase) help me recover my funds to new device/ new app if that device is bricked ??

10 sats \ 2 replies \ @orthwyrm 20 Sep 2023

Yes. For example, suppose you generate a seedphrase in BlueWallet, then lose your phone.

So long as you have the seed, you are good. The seed allows you to restore funds in most other wallets, so even if BlueWallet somehow ceased to exist you'd still be OK.

0 sats \ 1 reply \ @NeuroNinja OP 20 Sep 2023

Lovely, is it that simple as it sounds ! Thanks buddy :)

0 sats \ 0 replies \ @orthwyrm 20 Sep 2023

Pretty much. Sorry you lost those funds a few years back. I'm glad it didn't scare you away from Bitcoin for good. : )