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Mishaboar Profile picture
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11 Dec, 6 tweets, 3 min read
Over the past years I have come across several reports of users losing all their funds because they are using "online" wallets.

Freewallet is one of those mentioned more often, with users having lost huge amounts of #Dogecoin on it.

NEVER hold your #Doge in online wallets!
This applies also to more "legit" websites like dogechain.info (the .com domain is a scam we have been fighting earlier this year).

Even on legit websites users get locked out, lose 2FA authentication, and cannot gain access to the #Doge they are holding.
In general, follow this rule: your seed phrase and/or private key should be NOWHERE else but in your own private wallet and offline backups.

Remember:

Seed phrases and private keys must NOT be shared.

Services hosting these "online" for you must be avoided, always. #Dogecoin
To show you how bad this can be, earlier this year Fulvio55 and I tried to bring down a "scam" version of dogechain.info.

Close to impossible; people kept getting scammed. Patrick found a way to get to the host and it was finally brought down.

reddit.com/r/dogecoindev/…
This issue had been going on for years, Fulvio55 just kept trying to warn people. Once again, even if a service is "legit", absolutely avoid online wallets.

Hacks happen all the time, and your crypto is never insured, entities go rogue.

Not your keys, not your coins.
And let me be clear about "Not your keys, not your coins".

Once your keys are shared through an online service, they are not "your" keys anymore.

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More from @mishaboar

Mishaboar Profile picture
12 Dec
Excitement and sentiment are everything in this speculative market, and they are also the cause of the "cycles" we see among retail investors.

Market cap is really only the last price somebody was willing to pay for an asset * total theoretical supply.

#Doge
The aim of real FUD spread around #Dogecoin throughout the year (it has no devs; it has no future; it must be capped; a whale holds 30% of the supply) is exactly aimed at killing sentiment and making people sell and lose interest, because they think there is no hope.
Alongside FUD, institutional investors and speculators driving the price, marketing ploys by exchanges pushing towards other tokens, and in general any attempt to gain control of the liquidity are aimed at manipulating the sentiment and interest of the public. #Doge
Read 4 tweets
Mishaboar Profile picture
11 Dec
A good review from NextAdvisor/@TIME about why Binance.Us, while in theory more compliant with U.S. regulators, is not a great option as an exchange.

Their point about security is spot-on, especially after the recent wallet disaster. #DOGE

time.com/nextadvisor/in…
We talked a lot about why holding on ANY exchange should not be done.

The recent wallet incident anyhow, also through the official press release released by #Binance, points at the fact their infrastructure was obsolete and/or not maintained with the needed care. #DOGE
The first hint is that they had been using Dogecoin Core 1.14.0, a version released in 2019 (2 years and a half ago). This is prehistoric by cryptocurrency standards.

The second hint is that they seem to have ignored recommendations provided to them by the #Dogecoin devs.
Read 6 tweets
Mishaboar Profile picture
11 Dec
Not only #Bitcoin, but also #Litecoin and #Dogecoin have now recovered the lost hash rate after the China mining ban.

This means the network is more secure than in the past months, making a 51% attack much more unlikely.

A higher hash rate means a healthier network.
You can also check the thread below by Charlie Lee, the creator of Litecoin, explaining how #Litecoin/#Dogecoin "merged" mining works and benefits both blockchains.

Here you can see the comparison between Litecoin and #Dogecoin hashrate over the past years.

The dotted line indicates the mining profitability. Thanks to its increased price (compared to last year) Dogecoin is quite profitable for miners.

bitinfocharts.com/comparison/has…
Read 4 tweets
Mishaboar Profile picture
10 Dec
As per their official press release, because of mishandling of the upgrade of their wallets, in November, @binance sent out duplicates of old transactions from 2019 to 1634 users.

These accounts have been marked as in "arrears" and asked to return the extra $Doge.
The issue was caused by the fact Binance was holding their Doge in a very old #Dogecoin Core version (1.14.0!) when they upgraded to 1.14.5.

In 2019, they had resent stuck transactions without following the proper protocol. More on this:

The changes introduced in Dogecoin 1.14.4-1.14.5 caused those old transactions to become unstuck and being sent over few minutes to 1600+ users, to wallet addresses many of those have no longer access to.

As a response, Binance shut everything down at once. For 3+ weeks.
Read 10 tweets
Mishaboar Profile picture
10 Dec
For #Dogecoin holders on Binance, and all Indian shibes on @WazirXIndia that have been anxiously waiting to withdraw through the bridge with Binance:

Withdrawals are open right now on Binance. Not sure for how long, so do give it a try now before this goes down again. Image
As we discussed in the past, Binance, through its CEO, has followed a clear strategy aiming at de-legitimizing #Dogecoin throughout this year.

@cz_binance made several disparaging remarks aimed at spreading FUD and bringing #Dogecoin down; stuff like:

The gravity of remarks like that one (on which he then doubled down) is that anybody into crypto for more than a few months knew that "whale" was an exchange. The patterns were unmistakable.

The fact the CEO of an exchange pushed this rhetoric is disquieting and manipulative.
Read 8 tweets
Mishaboar Profile picture
26 Nov
Many #doge holders wrote me today asking for help: they have been receiving warnings about their margin accounts being liquidated.

We must educate to avoid these tools, and warn against false friends that push newbies to add gasoline to the fire that is the crypto market.
Several of these shibes were new to crypto when they were introduced by their "buddies" to margin and futures trading. To the point that many of them think these tools are an integral part of crypto and #dogecoin.

They are NOT!

What do we say to those pushing these tools?
Experienced traders and those with vast amounts of liquidity can try their chance at gambling with this. But believe me, many are not as "experienced" as they think they are.

You are against organizations and institutional investors that have a lot more information then you do.
Read 4 tweets

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