/biz/ - Business & Finance

>>25266011
I plan to do something similar, but I'll try as much as I can to purchase access to better circles...for better information, be around better people who are like-minded and want to be part of the group evolving the species, if this makes sense, lol.

Essentially, if there's a school for plebs, and one for the elite, if there's x for plebs and x for the elite, than seek to surround as much as you can with those who are trying to better their own genes and memes, if this makes sense.

>>25265458
If you are paranoid, you can look at a way of having multiple wallets, and having a big part of your savings in a cold storage that is airgapped (e.g. a titan wallet, or a laptop that has never been used on the internet)

If you have the expertise to get a tails drive, there are some ways that you can use tails to hold wallets but I am looking at it as we speak.
The most retard proof is a titan wallet for $160, as it is not connected to the internet and you have to manually sign transactions, but I am yet to fully study this method to see if it's completely safe over having a tails drive/airgapped laptop.

The safest wallet:

Buy two or more USB drives.
Install tails on all of them, check tutorials, this or an air gapped, fully offline, never been online laptop is necessary.
Create an encrypted partition on tails on all of these files (or encrypt your laptop with veracrypt). Choose a good password.
Download this https://github.com/Bithomp/bithomp-tools
And save on all your tails drives/laptop
Download this
https://github.com/iancoleman/bip39
And save it to all your tails drives/laptop

Open Ian Coleman's website WHILE OFFLINE on tails, there will be an index.php on the src folder.
While on tails, open KeePassXC, go through the initial setup, and click on the "generate password". Generate a big password of a minimum of 256bit of entropy, by making it long, and complicated, play around a little bit. Copy that password

On Ian Coleman's OFFLINE BIP39 website, click on the box saying "show entropy details" and paste the password generated by KeePass noting how much entropy there is.
Generate your seed. Save it to a note inside tails, and make as many backups of that seed as possible (including physical).

WHILE STILL IN TAILS, OFFLINE Open BitHomp tools, Click Offline, Click Menmonic, paste your Mnemonic, the generated address in blue (on top of sign on behalf of a different address) will be your receiving address. Save that also if you'd like, and send it money as soon as you're ready.
Below you will also see that you're able to do transactions WHILE OFFLINE (this is amazing!) this means you are not required to ever expose your private seed if you want to send money from this wallet.
Cont.

A few things:
I prefer a tails USB over a laptop as, once you get through the hassle of installing tails (and it can be tricky for the first time), you can make multiple copies of it very very fast by cloning the usb drive to other drives. This makes it for very cost effective backup at $8 each USB drive, vs a more expensive laptop.

I have a ledger, but I have it for very small amounts of money.
The reason I don't use it, is because: I don't trust the way they generate the seed: you can use the ledger with your own seed generated per advice above, and in case you ever lose your ledger device, you can still access your ledger XRP wallet (with your ledger mnemonic) through bithomp offline, but having a separate bithomp wallet that has no offline access whatsoever for larger funds, and have a ledger wallet for day-to-day emergency funds, and an exodus/xumm wallet for even smaller funds is preferable IMO. You can save all of the mnemonics of the wallets in your tails drive also, and make a physical (metal) backup of them if you'd like.

To be honest with you, if there are rich folks in crypto, they are using methods similar to this, and not a trezor/ledger. I just do what I imagine they do as well.
>>25302262
Oh and here your phone is connected to the internet to sign the transaction, but it is all encrypted and does not have any sensitive information, so you insulate all of that through your tails/airgapped laptop.

>>25302872
>>25302472
>>25302198
By the way I am not posting this again as it might screw me, lol, but hopefully it has been helpful. I fear after mooning there will be insane stories of hacks, as people are outpriced by the #1 asset, and see their own cryptos collapse.


>>25303007
You download these on a laptop that has internet, use an SD card, or an external drive, to transfer the files to tails/airgapped laptop. Download from the githubs and open the index.html of each folder to open the website, but *always do it offline*

>>25303153
Tails is good for that reason, but yes you can buy a cheaply made laptop and make sure it's not connected and never was connected and maybe on airplane mode or uninstall the network drivers.

Eventually do take the time to learn tails, because the laptop makes it for a point of failure that is expensive to replace. With tails, you will have an air gapped environment at any laptop with just an 8 dollar USB drive

>>25303153
Oh, and tails is an Operational System that you install on a USB, plug it and boot it to your computer, you don't put it on an offline laptop.

You either use an offline laptop
Or you use tails.

Tails is meant to be airgapped pretty much, it does not have any connectivity to the internet unless you explicitly connect to the internet.

Looking up the first tutorial for installing tails, and voila.

Comes from a crypto guy. https://www.youtube.com/watch?v=eVp1qZ7HrE4

It's legit the best, most cost effective way IMO. Once you install it to a USB, you can make multiple copies and your seed is secured, encrypted on such level that no law enforcement/entity can ever crack.

You can plug the USB and boot tails to any laptop also.

Btw, to those seeking to build their own cold wallet on an airgapped laptop/tails drive

You can watch the transactions/value of wallet/etc. on bithomp.com/explorer/(public address)

I'd very much suggest you all to do something to this extent. There's no telling the kinds of shady stuff that will happen associated with the sudden rise in price.

>>25309055
>>25309044
>>25309027
I would not leave any high amounts on a hot wallet. I would bet 25% of all my XRP at 2kish that shady shit will happen.

Yes airgapped laptop (or tails) + scan QR code with bithomp tools is safest way to go.

You can favorite the link on your browser (bithomp.com/explorer/(public address)) and use it as a watch wallet.

>>25341743
>This is totally safe and done in electrum as it does not expose your private keys whatsoever.

Just to clarify, "done in electrum" as in, the "electrum wallet" has a similar method, and it's probably still the SAFEST (bar none) way to store your crypto (airgapped laptop or tails) and broadcast transactions.

>>25341527
I agree with you. As far as I understand, tether will be target for money laundering concerns. The problem is sanctioned countries using the main coins and tether to launder money, and there's no way this will stand.
I could put money on BTC, or ETH, and ride it till it's regulated, but I'd rather just use the money on a sure thing, than to gamble it until it's over and you don't know when that will be.

>>25341794
If it can be tied to your name, probably not, lol.

>>25446499
If you use the 25th word feature, yes 100% fine.
The problem with the 25th word is that it may lock you out of bithomp as I had issues generating addresses with bithomp using the 25th word feature of hardware wallets.

This means, if you lose your ledger/trezor, you cannot access your ledger/trezor wallet through bithomp.

But keeping the 24-word seed generated by ledger/trezor puts you at risk that ledger/trezor has ways of generating wallets, and that their algorithm isn't as random. This is pure trust in these companies.

Hence the need of tails/airgapped laptop and bithomp method.

So, realistically it's about how much you trust these companies on doing the right thing on the greatest and possibly *last* wealth transfer in human history.

Would people throw their reputations out in the trash to cash out at this perhaps once in history of humanity opportunity?

Your call. If you believe XRP will reach high amounts eventually, then you can never be skeptic or paranoid enough.