Phew, good. Thanks for bringing that up, DarkStar_ and yes, guys. Never ever show your wallet in a screenshot with your private keys and/or seed, as pointed out, very easy to bruteforce when you only have a handful of words hidden. Good catch!

Thanks, yes, we also tested and found no issues so it could be a problem from the user side. We've reached out and asked them to see if they need any further assistance.

Be cautious of crypto mining investment projects that mostly are PONZI, MLM. In the past, cloud mining services used to be a scam trend.

MLM – a dangerous marketing strategy
Cloudmining 101 (ponzi risk assessment)

I agree with Bitamp that if mining service claims to pay a fix profit rate despite of how the crypto market is, it is a likely scam project. In crypto, volatility is high, for bitcoin and even higher for altcoins so companies will take all high risks to their sides if they keep promises to pay a fixed profit amount for investors. It is not realistic in terms of company risk-cost-benefit management and in financial aspect generally.

Q: How can one be able to track a Bitcoin wallet or know the name of the person involved?

A: Any blockchain explorer should be able to tell you the wallet transactions. But until you yourself peg an identity to the wallet, you can’t know for sure who the person involved is… though there are also known wallets already marked by many explorers. These are mainly exchanges or even services that have already publicly marked wallets as belonging to them (and signing from them to prove ownership).

Anything anyone else would like to add?

Bitcoin use case: crowdfunding

If you want to be successful on your crowdfunding campaign on gofundme or indiegogo, then you want to prepare a media kit that tells people how to fund! And especially if you want to tap into crypto users (who are a growing portion of crowdfunders, by the way), then you want to even prepare a small part of your media kit targeting people who want to fund it with crypto, or even for those who can only use crypto because they can’t access any of the other payment methods.

That bit should include some guidance on where to safely buy and store Bitcoin (especially to tell them to use wallets like Electrum or Bitamp for safety).

Great point to remind everyone. Always self verify, because especially with big brand names, there are plenty of malicious software out there pretending to be the actual one. A lot of people get hacked that way.

It is expensive cost: $493083 for 1-hour attack. Crypto51.app provides that attack cost on Bitcoin network. They use network hashrate, Nicehash cost (1 hour) as inputs to estimate that cost and their estimate can be not totally correct.

https://www.crypto51.app/coins/BTC.html

You have a point. The downside of using non-custodial platform for a newbie was it has a lot of limitation such as limited amount of fiat you can exchange, limited to ETH token and some exhibit a more complicated user experience unlike custodial wallet that was easy to use, Just sign up and verify then ready to go with a high deposit limit plus you are free to trade on any pair that you like.

There are good DEX, OTC, P2P to choose. without mandatory KYC verifications like https://hodlhodl.com/ or https://bisq.network/

[BIG LIST] Buy/Sell Crypto (OTC, P2P, DEXs, CEXs, NO-KYC, ATMs, etc.)

Should banks be interested in cryptocurrency?

Absolutely. The past few decades have shown that banks are crashing and some literally shut down because of the mountain of debt accumulated that it just cannot sustain. Using blockchain-based crypto means a transparent ledger of accounting that you can’t hide or manipulate. The banking sector needs a revival and it knows this. Don’t be afraid of the future and embrace it. It can only be good for banking.