Crypto Tips: Privacy Issues for MoneroV AirDrop | Bright Future for Bitcoin?
Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef
Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b
Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191
Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1
Find me on Steemit: www.steemit.com/@heiditravels
Twitter: @blockchainchick
Instagram: @hheidiann
If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview
LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
Risks of Airdrops: http://www.livebitcoinnews.com/will-monerov-affect-moneros-privacy/
MoneroV Website: https://monerov.org/
MoneroV ANN Thread: https://bitcointalk.org/index.php?topic=2947912.20
Beta version of Lightning Network: https://www.coindesk.com/a-version-of-bitcoins-lightning-network-is-ready-for-real-money/
The Beta version of Lightning network is now available for Bitcoin users. I’m sure it will take a bit of time for this software to be adopted by exchanges and other major wallets, but for now the future is looking mighty fine for Bitcoin.
Many of you may be thinking, well, cool Bitcoin is making progress with Lightning Network, but it would be better if the price would reflect this. There are many different reasons for this recent slump in value for Bitcoin and most all other cryptocurrencies out there today. I mean, we’ve got to consider the Bitcoin ETFs, the Mt. Gox sell offs, and overall lack of positive sentiment for the newcomers to crypto who bought at the top a couple months ago. Let me take the time now to remind you that cryptocurrency is here, it’s making waves in a whole bunch of other industries, it’s caught the attention of governments around the world, the U.S. for example is trying to label it as a commodity, a security, as anything it can so different departments can control and tax the crap out of it.
Now this same network has made a huge step towards implenting a solution that will help immensely towards scaling for the masses who have yet to jump into this wild west of cryptocurrency. What I’m trying to say here is that although the prices may have gone into a bit of a slump for now, even if this lasts for a good amount of time, when the prices do pick up, and I know that they will, this time Bitcoin will be ready to handle the increase, which will only encourage even more adoption of this new kind of financial freedom.
Monero Hard Fork: When, Why, How to Prepare:
There’s more to this hard fork than meets the eye and if you’re interested in taking part in this airdrop please pay attention to this video because I’m going to tell you the safest way to participate in this airdrop, or any airdrop really.
This hard fork was originally planned to take place a few days ago, but after requests from exchanges, mining pools and users, it has been delayed and now is rescheduled to take place on April 30th.
Airdrops are cool, you get different new coins just for hodling. But like many good things in life, they often come with trade-offs and airdrops are no different.
The whole point of owning Monero is for it’s privacy features, right?
This means that ideally no one would know you actually own it, this also means you’d ideally be storing it in the official wallet in order to take advantage of it’s privacy features, not on an exchange.
So here’s why an airdrop for a privacy based cryptocurrency seems questionable: for those using these types of wallets to be able to take part in and claim the new MoneroV coins they’d have to claim the new tokens by submitting their wallet address, ultimately admitting that they are indeed holding Monero.
However, there is a way to take part in airdrops that can reduce your exposure, again this isn’t completely fool proof but it’s at least a better layer of security. If you’re really wanting to take part in this airdrop, enough so that you’d risk giving up your privacy, consider using this technique:
To make sure that your XMR and keys can't be compromised in any way you should do the following:
- Create a new wallet especially for the fork and move your XMR to this wallet.
- after the snapshot move your XMR back to the original wallet
- You can then use your newly created wallet, that holds no XMR anymore after the snapshot, to claim your MoneroV
If you do choose to take part in this one you’ll receive 10 XMV for every Monero that you hold in the wallet that you register.
Additional Info
- Read full article on: Crypto Tips
Leave a comment
Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.
Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.
Our main goal is to make crypto grow by making news and information more accessible for the masses.
Our main goal is to make crypto grow by making news and information more accessible for the masses.