01 Oct 2023 21:19:24
Where would everyone recommend for storing your crypto
Cheers

{Ed033's Note - Exodus wallet?

1.) 02 Oct 2023
02 Oct 2023 16:57:46
Where would one store or access it if the 'grid' went down?

Genuine question. Does it all just get 'reset'?

I apologise for the dementor like diminishing of confidence in anything. My bad.

{Ed033's Note - Ok, your crypto doesn't actually get stored inside a 'wallet'. Your crypto is always 'stored' in its Blockchain. A wallet accesses Blockchains.

If the 'grid' goes down, you wait for the 'grid' to come back up and hey presto, you have access to your crypto again.

Prior to the 'grid' going down, you can store your crypto in a Paper Wallet if you know how to do it. Look up 'how to store crypto on a paper wallet' in a search engine.

2.) 03 Oct 2023
03 Oct 2023 16:57:37
Thanks for the info, Ed033. I didn't know about the paper wallet option. that's a good option for the bug out grab bag or buried at a secret location.

So I guess the only way to erase the blockchain would be a realm-wide EMP type event but even then surely there are machines completely shielded from such events?

Maybe this is more a discussion for the Talk-Sense pages as my thinking is heading in that direction.

{Ed033's Note - It's highly likely that a quantum computer is able to steal our crypto from us.

3.) 04 Oct 2023
04 Oct 2023 14:01:41
In theory I think a Quantum computer could create more Bitcoin? Not entirely sure but that would lower the price if more were created.

4.) 04 Oct 2023
04 Oct 2023 14:24:18
It would'nt work for say XRP and Ethereum as the are now PoS (proof of stake) limited supply whereas BTC is still PoW (Proof of work) which is still mined but running out of equations.
I remember reading somewhere that a Quantum computer could create quite a lot more BTC and much quicker.