DaKript 42 - Marek, Pavol and Alena

Hi,

do you know Marek, Pavol and Alena? Probably not. But should you? No, you should not. Why do I mention them? They are the first in the world to take the idea of securing bitcoin on a dedicated device (a hardware wallet) from idea to production. Their products, old ones and new, still store and secure the private keys of many bitcoin owners.

Hardware wallets are the link between the physical and the digital world, simplifying the use and management of bitcoin (and other digital assets) while maintaining a high level of security.

Are you familiar with the different types of wallets? What are their advantages and disadvantages? Why are hardware wallets the optimal choice? What features should you look for when considering a purchase? Where and how to buy them? How to use them?

You will find the answers to all these questions and more in a new article which you can read here.

Do you still have bitcoin or other digital assets on an exchange (Coinbase, Kraken, Bitstamp, Binance...) or in another custodial wallet (no private keys)?

Marek, Pavol and Alena would probably be schocked.

Remember: Not your keys, not your coins. You are not the owner of the funds until you have private keys. Move the funds to wallets that are controlled by you.

Article: Hardware wallets

Still uncertain how to use a hardware wallet?

Which one to choose and where to buy it?

How to set it up for the first time and make sure you have the backup records?

How to transfer funds into a wallet?

How to store backups? How to...

We can help you with all of this. Contact us using the form or sign up using the form on this page.

DaKript 41/2022 - Mistrust spreads fast

Hi,

Confidence among the main players in the money market is being severely tested. For the time being, the US Federal Reserve is not easing up and is forcing all other world currencies to depreciate against the dollar through ever higher interest rates. Given that most of the credit to countries is still denominated in dollars, this works for the FED perfectly, because everyone needs dollars to pay the interest. Of course, the rest of the central banks do not like this, because their liabilities are increasing. Most of the time, this is solved by printing money. This year, the British pound has lost the most against the dollar, and the euro has lost almost 20%.

The first big crack was in the GBP market, where, after less than a week of tightening, the Bank of England had to step in and send additional liquidity to the market (print money) to temporarily save pension funds from illiquidity. In doing so, it was also supposed to rescue BlackRock. Credit Swiss and Deutche Bank are also said to be in trouble. In the next few weeks it will become clear who will be the next victim of the existing monetary system, which is beyond repair. The stalling or capitulation of the players who run this type of policy and system may be years or decades away. However, it is necessary to realise that the longer this situation lasts, the more damage will be done to the ordinary people, who are not the beneficiaries of the bonuses that only a select few closest to the players receive as a result of such policies. The system is not working for us!

Change or a solution will not come from within the existing system, but will have to come from outside. You probably understand what I mean. Bitcoin, or "Fuck you money", is the solution.

Unfortunately, it is necessary to recall once again the predictions of the 'experts', including the head of the ECB and the head of the Fed, who, just a year ago, were convincing us that inflation was only temporary and that it was even good for us. Let us also remember that they reassured us that they were on top of the matter, that they knew the steps to take and that they would sort it out quickly. None of this is true.

Inflation in the euro area is at a record high. Germany is registering more than 10%. The entry of the state into price-regulated markets, where the laws of the free market should apply, may bring short-term price suppression, but in the long term we, the citizens, will pay significantly more than if the market were to operate independently, freely. If the state caps prices and pays the difference to producers (if it does not pay them, they will go out of business because they are uncompetitive), then these extra funds have to come from somewhere. Through additional taxes and/or inflation. In the end, we always pay the price of manipulation. But we are far from the peak of inflation.

---

The collapse of sterling has seen an increase in trading in BTC

As the pound rapidly lost value, GBP/BTC turnover hit a new record. People are fleeing Fiat. Read more Bank of England forced to intervene in the market to temporarily save pension funds from illiquidity. The first dominoes are falling. More How has the WEF been preparing for the CO2 mandates to come?

A few people, not elected by the people and playing gods, thought of it like this. DO NOT COMPLY Bitnobi exchange now in Kenya

With the integration of mobile payments, Lightning payments and exchange services, Kenyans now have a simple, reliable system that allows instant transfer of funds around the world. More Preston Pysch's not-to-be-missed podcast

Topic: CBDC and Bitcoin. Listen Strike raises $80m for further development

A company that uses Bitcoin and the Lightning network to transfer value, and is taking on the traditional players in the market. More

Baltic Honeybadger Bitcoin Conference

You can hear some of the speakers from the conference here. Don't miss Gigi's presentation.

What cards do central banks around the world hold and how might this affect us? Mark Moss presents his view.

Free eBook on Bitcoin

Download a free eBook to help you understand the basics of Bitcoin.

No KYC bitcoin with the Peach app

You can buy Bitcoin without KYC. To test the beta version, sign up for the queue.

In the US, a bill will allow pension funds to invest in bitcoin. Read more

Bitcoin Ljubljana Meetup

Join the privacy debate at our monthly Bitcoin event on Wednesday.

Misel tedna: "Bitcoin is the only way out of this mess. The powers-that-be are only too happy to impoverish and sacrifice you, your family, and your wealth in the name of their ‘greater good’—a cage of a society that seeks to be a good master, but seeks to be your master first and foremost." by Erik Cason (@Erikcason)

Bitnobi exchange launched in Kenya

By integrating payments via Lightning, the service allows 50 million users to send and receive funds easily and instantly via their mobile phone, using the existing M-Pesa system.

After Nigeria and Ghana, Kenya is the third country where the Bitnob app is available.

All that is needed is to set up the app for the first time, after which using the service and transferring funds between Lightning and M-Pesa is really easy. They can choose whether to receive bitcoins or local currency.

Bitnob offers a bitcoin savings service that helps people to save in bitcoin by automatically making bitcoin purchases at set intervals.

One of Bitnob's features allows users to easily receive funds directly into their bitcoin wallet, US dollar wallet or split between the two. It gives Kenyans the freedom to choose how they receive value between bitcoin, dollars or local currency.

For example, Kenyans who are working around the world can transfer funds instantly via the Cash App or Strike via Lightning to the M-pesa mobile wallet. Also, users can now send money from Kenya to Nigeria or Ghana or send money from any of these countries to Kenya.

Kenya is among the top ten countries interested in cryptocurrencies, especially bitcoin.

Vir