I read about it in the Coinos Telegram group.

Great, thank you!

Thank you, but I meant this link: https://i.postimg.cc/fRZVc4J8/wallets-3-circles.jpg

I think I found the image also here in your guide: https://darth-coin.github.io/wallets/lightning-wallets-comparison-en.html

@DarthCoin The graphical representation unfortunately has a 404. Can you repost the image?

Yes, very true, but this is a new technology the government is dealing with. Your stack could have been stolen, you could have lost your backup words.

The reason I use Bitcoin (that is how I usually start), among others, is you have to work twice for your money, first you work for it and second you invest it so that it doesn't lose too much value. With Bitcoin I can actually save that money and I only have to work for it once and you have a very high probability it will go up in the future.

9 times out of time they're investing their money in crypto, stocks, savings account, pension fund.

I also mention that most assets are digital and are not yours. They're centralized and can be frozen/seized at any time. With Bitcoin you can be 100% owner with nobody able to take it from you, if you secure it well.

I agree. I would say it's Value for Value.

Great question! There are some interesting questions you can ask, but the best way is to show it. Even better would be to experience it. For 8th graders, this can perhaps be a nice suggestion:

Ask them where the money on your bank account is stored (centralized, 1 point of failure). Then show a Bitcoin wallet with some sats, preferably on a screen/monitor... E.g. Sparrow wallet or Coinos wallet with a self-custody wallet (coinos.io) wallet for a simpler UI Ask them where those Bitcoin are stored.They probably think it's inside the wallet, while it's on the Bitcoin blockchain. It's fun to explain this shortly visually and show that this is stored on a huge amount of computers worldwide and every computer has a copy of your bitcoin.

Ask them how can you get a bank account? (You can't create a bank account) Ask permission and give a lot of personal details. Then ask how to create a Bitcoin wallet. They probably think you create an account somewhere (permission wise) through a middleman. Explain them that you can do it without internet, without a bank, without permission, even with rolling dice. Explain that all your Bitcoin are accessible by a very very big number. And with this number you can create a backup of your bitcoin. To make it readable for us, the backup is in 12 or 24 words.

Ask them who has access to your bank account and what can they do? They can freeze your account. Then ask them what can you do when you have lost your phone with a Bitcoin wallet on it. This is a self-custody wallet. You can restore it with your backup. Show a demo.

Ask them if you can send money to an email address? You can with a lightning address. Give a demo on screen with coinos.io. You can register for free and access your Bitcoin/Lightning wallet in your browser. You automatically get a lightning address. Send money to your lightning address for the WOW effect.

Ask them if you can give someone money digitally with a qrcode and show a demo with Lightning via https://tipcards.io. Send some sats to there with a fun custom message and receive it via Coinos.io.

Thank you for the very detailed setup. I'm going to try that setup.

When running Electrum from TailsOS, I didn't see connecting to your own Bitcoin node mentioned. Is that not necessary because you only broadcast? It's probably necessary if you want to update your transaction history, label it, etc.?

Fantastic, thank you!

Thank you for this answer! I forgot about this one. Will make securing multiple seeds easier.

Very interesting. This is a new perspective for me regarding the establishment of the EU. Adding it to my watchlist.

Thank you! This is a good start.

Thank you! I've connected Coinos and zapped this post :-)

Really interesting. I tried it out and it works really well. I wonder how stable it is during calls.

How come this project is for free with all the data being used during calls?

I like that it is a functional language. When looking at Github it seems the last commits are from 5 years ago and tutorials newer than 2017 are almost impossible to find.

That's very unfortunate that he lost his bitcoin because of phishing.

A friend of mine called me, because his father wanted to loan €15000. When he asked what it was for, he said that it was for his bitcoin te be released. It turns out he received an email from Coinbase, stating that he neede to create a self custody wallet on their platform, send all his bitcoin to that address and apparently an extra 15K.

I said this was a scam, but he didn't believe it and became very defensive. After he sent all his bitcoin (5 bitcoin) and the extra 15K, he found out it was a scam. Very very unfortunate. So sad to see this happen to people.

Would it help if there was a website with a collection of bitcoin email scams and a number of points to watch out for (e.g. check the email address)? Just as you explain how to safeguard their recovery phrase you also emphasize bitcoin scams. This should be mandatory for newcomers.

I just received a bitcoin scam claiming to be from Swan Bitcoin where the from address isnt from Swan. If we could collect these emails, I would be happy to setup a website for this.