How to repair a Trezor Model T with a touchscreen swap
- I needed to perform this operation because I had a Trezor Model T with a lost recovery seed and a bad display. When I plugged it in, I saw the LCD backlight lit up, but nothing showed on the screen. I decided to fix this Trezor wallet with a component swap of the touchscreen. Note: If ...more
Stop buying fake Bitcoin wallets!
- Every day, I get 10+ Bitcoin wallets that someone "forgot" the password to. Some are worth a few Bitcoin while some have 100,000 (or more!) Bitcoin. Sometimes they have no idea what the password is, while sometimes, there is a vague suggestion of what the password could be. They all have three things in common: There ...more
Help! My Bitcoin was stolen! Can you help?
- Billions of dollars in Bitcoin are stolen every year. If you're a victim of Bitcoin theft or a scam, read this article first. I will tell you why all "stolen Bitcoin recovery" services are scams, and what you should actually do. Can a Bitcoin recovery service help get my stolen Bitcoin/Ethereum/etc back? The first and most important thing ...more
Ten Personal Finance Principles I've learned over 40 Years
- Now that I’m 40, I feel both qualified to drop some wisdom on the world. To start, here are my 10 Principles of Personal Finance. 1: Marry someone who shares your financial philosophy: If you don’t, you may be setting up for a life of endless conflict, not to mention the possibility of divorce, as money is ...more
Why GameStop is not the new Bitcoin
- When Robinhood disabled customers from buying GameStop, some people in the WallStreetBets subreddit suggested a need for a "decentralized brokerage." Others said that "GameStop is the new Bitcoin." Yet others decided to target the Dogecoin cryptocurrency, which spiked over 500% before it failed to process transactions due to overload. The premise behind these ideas is hilariously ...more
Don't panic: why Tether won't destroy crypto
- This article by "Crypto Anonymous" claims that Tether will bring a crypto "doomsday." The author makes many good points in building his case, yet the overall conclusion is less than the sum of its parts. Here's the short version of why he's wrong: Yes, Tether creates systemic risk for Bitcoin. But the key claim that new ...more
Stimulus checks are a dangerous game
- What happens when the government sends out a stimulus payment? Politicians can print money, but they cannot wish all the goods and services that money buys into existence. They would like you to think that their money causes factories to hire workers and put idle production lines to work. But that's not what happens. Tens ...more
Don't panic: why Tether won't destroy crypto
- This article by "Crypto Anonymous" claims that Tether will bring a crypto "doomsday." The author makes many good points in building his case, yet the overall conclusion is less than the sum of its parts. Here's the short version of why he's wrong: Yes, Tether creates systemic risk for Bitcoin. But the key claim that new ...more
How to fix "The transaction was rejected because it is too large" rejected transaction error in Electrum & Electron Cash
- Rejected transactions are disappointing, but it's better than the alternative: having your transactions in limbo for weeks, or thinking that your transaction was accepted when it was not. A "the transaction was rejected because it is too large (in bytes)." error usually happens when are probably trying to spend coins from a mining wallet or a ...more
How to transfer Bitcoin from a Multibit Classic or Multibit HD wallet into Electrum
- Multibit was one of the better Bitcoin wallets between 2011-2016. However, in 2019, both Multibit Classic and Multibit HD have been abandoned by its owner Keepkey and are no longer supported. If you still have Bitcoin in your Multibit wallet and need to get it out, read on. You can still try to send Bitcoin out of ...more
How to safely store Bitcoin and other cryptocurrencies in 2021
- I've seen people lose their Bitcoin in every way imaginable, and I want to help you avoid the most common mistakes. Are you thinking long-term? Will your storage medium last 10 years? Will your family be able to access it in the event of your death? Have you considered that the same events that will ...more
Will Bitcoin go over $20K to reach a new ATH?
- Will Bitcoin go over $20,000 and reach all-time new highs by December 2020? Here's a quick guide for investors to know what's happening now: The first question: does Bitcoin over 19,000USD represent a new thesis or outlook for the market? No. As for nearly all digital assets, Bitcoin's value is established from a 'stack' of value ...more
Being Pro Liberty Shouldn't Mean Being Anti-Science
- My social feed is full of deeply flawed arguments about the science of COVID-19. It's in the mainstream media too, but it bothers me more when I see it coming from my libertarian friends and organizations. I used to be likewise "triggered" by libertarian and conservative writing about global warming. Leftists would probably call me a ...more
Is a “dream job” just “capitalistic conditioning”?
- This tweet raises a few questions: Is working for the rest of one’s life a worthy goal? Is work depressing? Should we strive for a life of work or something else? Do “dream jobs” exist, and should we try to pursue them? Is the idea of a “dream job” a form of “capitalistic conditioning”? First, let’s ...more
Three Key Differences Between Traditional and Crypto Asset Markets
- What is the real market value of cryptocurrencies like Bitcoin? The numbers used to explain the performance of Bitcoin and other cryptocurrencies are less meaningful than most assume. Cryptocurrencies are not exactly like stocks, and cryptocurrency exchanges do not work like traditional securities markets. As a result, many crypto-asset investment strategies based on conventional definitions of market ...more
Six things COVID-19 has taught us about Bitcoin
- This week the United States economy reported an additional 4+ million people filing for unemployment. The cost of COVID19 lockdowns and their destabilizing effect in business is an economic wave unlike anything in our lifetimes. This extraordinary investment environment has also provided tremendous qualitative indication and information about the market’s current assessment of Bitcoin and ...more
High traffic WordPress architecture using AWS Lightsail
- Here is how I built a high-performance WordPress website in AWS Lightsail for aier.org. While low-traffic blogs can be hosted on a shared hosting service or a cheap VPC, if your site hosts millions of visitors each month, you will need a more ambitious service-oriented architecture. The key to high-performance WordPress is a service-oriented architecture that splits ...more
Search Engine Optimization: Proven Strategies for Nonprofits in 2019
- According to a recent survey by Zogby Interactive, the Internet is by far the most popular source of information and the preferred choice for news ahead of television, newspapers, and radio. The majority of Americans now prefer the Internet as their primary and most reliable source of news. Specifically, online publications are preferred over social ...more
How to safely store Bitcoin and other cryptocurrencies
- I've seen people lose their Bitcoin in every way imaginable, and I want to help you avoid the most common mistakes. Are you thinking long-term? Will your storage medium last 10 years? Will your family be able to access it in the event of your death? Have you considered that the same events that will ...more
Why you should embrace the abundance mentality
- Why are some people successful -- financially, socially, and romantically, while others stagnate and never amount to anything? The Abundance Mindset Successful people share many traits, but I think one key attribute is the abundance mindset. The abundance mindset sees the universe as full of opportunity -- for friendship, love, and financial success. By contrast, the scarcity mindset ...more
How does a Bitcoin wallet recovery service work?
- Here is how our Bitcoin wallet recovery process works: The process we follow depends on which of the below scenarios describes your situation: Forgotten password Corrupt wallet Lost wallet Broken computer/phone Payment sent to the wrong currency type Step 1: Understand your situation First, we'll ask you to describe your situation and agree to our service contract. We support ...more
Don't dismiss Bitcoin just because of its wild price swings
- There are valid reasons to criticize Bitcoin, but price volatility is not one of them. Why does the price of Bitcoin change so much from day to day? The answer is simple: the value of Bitcoin derives almost entirely from speculation on future adoption of Bitcoin rather than practical use. Bitcoin speculators are betting on the likelihood that ...more
Don't dismiss Bitcoin just because of its wild price swings
- There are valid reasons to criticize Bitcoin, but price volatility is not one of them. Why does the price of Bitcoin change so much from day to day? The answer is simple: the value of Bitcoin derives almost entirely from speculation on future adoption of Bitcoin rather than practical use. Bitcoin speculators are betting on the likelihood that ...more
Forbes: "Here's What Investors Need To Know About Cryptocurrency"
- Forbes Magazine featured Vellum Managing Partner Eric Kovalak in "Here's What Investors Need To Know About Cryptocurrency": Crypto Valuation = Philosophy + Technology? Eric Kovalak, a managing partner for Vellum Capital, a hedge fund management firm specializing in crypto assets, says, “People are trying to translate the value of cryptocurrencies into a traditional model where they’d use ...more
Ohio becomes first state to accept tax payments using Bitcoin
- Ohio on Monday became the first state to accept bitcoin as a tax payment option for businesses, and United Press International went to Vellum partner David Veksler for the definitive take on the story: "Part of the reason cryptocurrency is so volatile is that nobody knows what will happen to it in the future," said David ...more
Will Bitcoin burn the planet to ashes? Not so fast.
- Environmentalists have recently become concerned about the impact Bitcoin mining has on global warming. Headlines such as "Bitcoin Will Burn the Planet Down. The Question: How Fast?" and "Bitcoin Mining Alone Could Raise Global Temperatures Above Critical Limit By 2033" suggest that Bitcoin is an unfolding environmental disaster. However, those panicking about crypto make three fundamental ...more
Watch out for these five common Bitcoin scams
- Purchasing Bitcoin and other cryptocurrencies on your own comes with risk. Here are the five most common cryptocurrency scams reported by customers of Bitcoin Wallet Recovery Services: 1: Fake mining contracts: "mining contracts" which offer fantastic payouts, such as doubling your money in 10 hours (see screenshot below). After sending the "mining company" Bitcoin, they either disappear or ask ...more
Watch out for these five common Bitcoin/cryptocurrency scams
- Here are the five most common cryptocurrency scams my customers ask my help with: 1: Fake mining contracts: "mining contracts" which offer fantastic payouts, such as doubling your money in 10 hours (see screenshot below). After sending the "mining company" Bitcoin, they either disappear or ask for more money to unlock funds. Some "mining services" send a public ...more
It's Like Banning Algebra
- Jeffrey Tucker discusses the latest market moves in ...more
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