Coringa Nakamoto's avatar
Coringa Nakamoto
coringanakamoto@primal.net
npub183aw...qvuq
Amante da liberdade, Bitcoin e artista digital. Buscando um lugar ao sol.
Creating and Securely Storing Your Cryptocurrency Seed Phrase with Ian Coleman's BIP39 ToolUsing Ian Coleman's BIP39 Mnemonic Code Converter tool is a common method for technically-inclined users to generate a cryptocurrency seed phrase (also known as a recovery phrase or mnemonic) offline, which is considered a best practice for security. This article will guide you on how to use the tool and, crucially, how to store your generated seed phrase safely. Part 1: Generating Your Seed Phrase OfflineThe most critical step to ensure the security of your generated seed phrase is to use the tool in a completely offline environment. This protects your sensitive information from potential online threats, such as malware or keyloggers. Step-by-Step Guide: Download the Tool: Go to the official GitHub repository for Ian Coleman's BIP39 tool (a search for "iancoleman bip39 github" is recommended to find the authentic source). Find the latest release and download the bip39-standalone.html file. Go Offline:Crucially: Disconnect your computer from the internet (Wi-Fi, Ethernet, and any other network connection). You may consider using a "Live USB" environment (like a Linux distribution) to ensure a clean, uncompromised operating system.Open the Tool:Locate the downloaded bip39-standalone.html file and open it with your preferred web browser (e.g., Chrome, Firefox, Safari). Since the file is on your local machine, it will open even without an internet connection.Generate the Mnemonic:Look for the "Generate" section. Mnemonic Length: Select the desired number of words. 12 words is the minimum standard, but 24 words offers a higher level of security and is generally recommended. Mnemonic Language: Choose the language (English is standard). The tool will automatically generate a random seed phrase (mnemonic) in the "BIP39 Mnemonic" field using your computer's built-in cryptographic randomness generator.Optional: Add a Passphrase (25th Word):In the "BIP39 Passphrase (optional)" field, you can add an extra word or phrase. This acts as a secondary layer of security, creating a "hidden wallet."Warning: If you forget this passphrase, your funds are permanently lost, even if you have the 24-word seed phrase. Write it down separately and securely. Verify the Output (Optional):Scroll down to the "Derived Addresses" section to confirm that the tool is generating the expected wallet addresses for your chosen coin (e.g., Bitcoin, Ethereum).Do not save any private keys or extended private keys derived in this section digitally. Record Your Seed Phrase:Carefully write down the generated BIP39 Mnemonic (and your optional Passphrase) on a piece of paper.Double-check the spelling of every word. Misspelling even one word will result in the permanent loss of your funds.Clear the Data and Go Back Online:Close the browser window and clear your browser's cache and downloads. Only now should you reconnect to the internet. Part 2: Securely Storing Your Seed PhraseYour seed phrase is the master key to your funds. Anyone who finds it can instantly steal all your cryptocurrency. NEVER store it digitally (no photos, screenshots, text files, emails, or cloud storage). 🛡️ Recommended Storage Methods:Security MethodMaterialDescriptionBest ForBasic Paper BackupHigh-quality, acid-free paperWrite the phrase clearly on paper and seal it in a plastic bag/envelope for moisture protection.Beginners, smaller crypto amounts.Metal BackupEngraved/stamped on a metal plate (e.g., steel)Impervious to fire, water, and pests. Use specialized crypto backup plates or letter punches.Recommended for significant amounts.Splitting the Phrase (Shamir's Secret Sharing)Paper or MetalDivide the 12 or 24 words into multiple sets and store each set in a different secure location.Advanced users, high-value assets.Use a PassphraseMemorized or Stored SeparatelyUse the optional BIP39 Passphrase as a second factor. Store the passphrase in a completely different location from the main seed phrase.All users, for an extra security layer. 📍 Secure Storage Locations:Fireproof/Waterproof Safe: A secured safe at your home.Bank Safety Deposit Box: A professional offsite storage solution.Trusted Offsite Location: The home of a highly trusted family member or friend (only if the phrase is split or the passphrase is known only to you). ⚠️ Essential Security Best PracticesDO NOT type your seed phrase into any online device or software, ever.DO NOT take a picture or screenshot of your seed phrase.DO NOT laminate your paper backup, as it can be difficult to read later. Instead, use a waterproof container.DO create multiple, durable backups (e.g., paper and metal) and store them in at least two different physical locations to protect against a single point of failure (like a house fire or flood).By generating your seed phrase offline using the Ian Coleman tool and following these robust physical storage guidelines, you take sovereign control of your funds with maximum security.Would you like me to elaborate on the concept of the BIP39 Passphrase (25th word) or suggest a specific type of metal backup solution? image
Hello NOSTR Bitcoin community, Following up on our challenge to reach 100k zaps by the end of October, solely through my digital art posted here. The balance of zaps sent for these artworks will also be sent to artists who also post their art here on NOSTR. Can I count on you, community? Because alone I will never win this new challenge. The results will be posted here every day at the end of the day. The balance so far is: 0 zaps sent 100,000 zaps is the goal to reach. Balance = image 0 zaps. The art posted today is a tribute to Romero Brito and the crypto universe.
Steganography as a tool for protecting wallet seed phrases Keeping your wallet’s seed phrases safe is extremely important. One effective way to do this is by hiding those words inside images or even files. Only someone who knows the decryption process will be able to access and recover the phrases. It’s a simple process to set up, yet highly powerful for protection — and you can even send the image to someone and teach them how to access it in case something happens to you. If you’re interested and would like to get this step-by-step guide, send 10,000 zaps to this post, and I’ll send you the full tutorial so you can add an extra layer of protection. image
Today, when I woke up, I became very thoughtful regarding what is happening with the world in general, countries being taxed and economies shrinking, and I sense a great moment of tension with a strong aspect of a probable worldwide war. The tensions between the USA and Venezuela in Latin America, and between China and Taiwan, Indonesia and Pakistan, India. I believe we are close to very difficult times. That’s why my advice is buy Bitcoin, stockpile it, and free yourselves from the shackle of fiat currencies.
Coringa Nakamoto's avatar
CoringaNakamoto 2 months ago
A Tale of Two Crashes: From Wall Street to Subprime and the Birth of Bitcoin The history of modern finance is punctuated by periods of soaring optimism followed by catastrophic collapse. Two events, separated by nearly eight decades, stand as stark reminders of the inherent risks in financial systems: the 1929 Wall Street Crash and the 2008 Subprime Mortgage Crisis. Both crises, rooted in excessive speculation and systemic weakness, laid the groundwork for a profound ideological and technological shift, culminating in the creation of Bitcoin.The Roaring Twenties and the Black Tuesday Disaster (1929)The 1920s in the United States were an era of unprecedented prosperity and technological advancement, known as the "Roaring Twenties." This vibrant economic environment fueled a massive surge in the stock market.Excessive Speculation and Margin Trading: A primary cause was rampant speculation. Investors, lured by the promise of easy wealth, engaged in buying on margin, a practice where they paid only a small percentage of a stock's price and borrowed the rest from their broker. This highly leveraged strategy meant that small drops in price could wipe out an investor's entire stake, forcing them to sell to cover their debts.The Bubble Bursts: Prices soared far beyond the stocks' real value, creating an unsustainable bubble. By September 1929, the market began to stall, leading to panic. The catastrophic days of Black Thursday (October 24) and Black Tuesday (October 29) saw a frantic rush to sell, causing prices to plummet and wiping out billions of dollars in investor wealth.Systemic Failure: The crash triggered widespread bank failures, as banks had heavily invested in the stock market or loaned money to speculators. A lack of proper regulation and deposit insurance meant these failures destroyed savings and paralyzed the credit system, initiating the decade-long Great Depression.The Subprime Quagmire of 2008Nearly 80 years later, a new crisis emerged, this time centered on the housing market and complex financial instruments.The Subprime Engine: The 2000s saw a massive boom in homeownership driven by the proliferation of subprime mortgages—loans granted to borrowers with poor credit histories or insufficient income. Lenders, motivated by easy profits, lowered underwriting standards dramatically.Securitization and Systemic Risk: These risky mortgages were not kept by the original lenders. Instead, they were bundled together into complex financial products known as Mortgage-Backed Securities (MBS) and Collateralized Debt Obligations (CDOs), which were then sold to investors worldwide. Crucially, credit rating agencies stamped these instruments with high ratings, masking their true risk.The Domino Effect: When interest rates rose and housing prices began to fall in 2007, many subprime borrowers defaulted. The value of the supposedly safe MBS and CDOs evaporated. Financial institutions that held these "toxic assets" faced massive losses. The crisis peaked in September 2008 with the collapse of Lehman Brothers, sending a shockwave through the global financial system and triggering the Great Recession. Massive government bailouts were required to stabilize "too big to fail" institutions.🤝 The Correlation: Trust and the Birth of BitcoinThe crises of 1929 and 2008 share critical similarities, which directly inform the genesis of Bitcoin:Feature1929 Crash2008 Subprime CrisisCorrelation/Lesson LearnedRoot CauseExcessive speculation and "buying on margin" (leverage)Risky lending (subprime) and excessive use of complex leverage (CDOs)Excessive Risk & Leverage: A tendency for the financial system to inflate asset bubbles through borrowed money.MechanismStock prices inflated far beyond company value.Housing prices and financial products inflated far beyond their real value.Asset Bubbles: Unregulated markets often lead to price bubbles disconnected from fundamental value.Systemic FailureWidespread bank failures due to lack of regulation and deposit insurance.Collapse of major financial institutions (Lehman, AIG) due to interconnectedness and "toxic assets."Centralized Fragility: The "too big to fail" nature of centralized financial intermediaries creates systemic risk.The 2008 crisis, in particular, shattered public confidence in the established financial system: in the central banks that failed to prevent it, in the regulators who were supposed to oversee it, and in the "too big to fail" banks that were ultimately bailed out with taxpayer money.Bitcoin's Origin:Bitcoin was born directly from this atmosphere of profound distrust. On January 3, 2009, a person or group operating under the pseudonym Satoshi Nakamoto mined the first block of the Bitcoin blockchain. Embedded in this "genesis block" was the following message:"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"This headline from The Times newspaper was a clear, permanent timestamp linking Bitcoin's inception to the financial failures and government intervention of the 2008 crisis.The Bitcoin Solution:Bitcoin was conceived as an alternative to the traditional, centralized financial system—a peer-to-peer electronic cash system that operates without the need for an intermediary like a bank or a government.Decentralization: Unlike the banks of 1929 and 2008, Bitcoin is decentralized. No single entity can be bailed out, go bankrupt, or unilaterally control the money supply, thus removing the single point of failure.Scarcity and Transparency: Its monetary policy is transparent and fixed, with a maximum supply of 21 million coins. This is a direct counterpoint to the "currency dilution" and quantitative easing employed by central banks post-2008 to save the system, which critics argue devalues traditional (fiat) money.Trustless System: Bitcoin replaces human trust (which was abused in both 1929 and 2008) with mathematical proof and cryptographic security, making it a "trustless" currency.In essence, the 1929 and 2008 crises serve as historical bookends illustrating the inherent flaws of highly leveraged, centralized financial systems. The Subprime Crisis, being the more recent and immediate catalyst, led to the creation of Bitcoin—a digital response designed to be an immutable, decentralized, and transparent alternative to a system that many believe is fundamentally broken.Would you like to explore how the regulatory changes post-2008 have attempted to prevent a similar crisis, and how those changes might interact with the growth of decentralized finance (DeFi)? image
Coringa Nakamoto's avatar
CoringaNakamoto 2 months ago
Hello NOSTR Bitcoin community, Following up on our challenge to reach 100k zaps by the end of October, solely through my digital art posted here. The balance of zaps sent for these artworks will also be sent to artists who also post their art here on NOSTR. Can I count on you, community? Because alone I will never win this new challenge. The results will be posted here every day at the end of the day. The balance so far is: 0 zaps sent 100,000 zaps is the goal to reach. Balance = 0 zaps. The art posted today is a tribute to Tarsila do Amaral and the crypto universe. image
Coringa Nakamoto's avatar
CoringaNakamoto 2 months ago
The Transformational Impact of Asset Tokenization on Bitcoin and the Crypto Universe Asset tokenization, the process of issuing a blockchain-based digital token representing ownership rights in a real-world asset (RWA), is rapidly emerging as one of the most significant trends reshaping the financial landscape. By converting tangible assets like real estate, gold, commodities, and intangible assets such as intellectual property or company shares into programmable tokens, this technology promises to bridge the gap between traditional finance and the decentralized crypto universe. The Core Benefits of Tokenization Tokenizing assets on a Distributed Ledger Technology (DLT) platform, like a blockchain, unlocks several key advantages over conventional centralized ledgers and markets: Enhanced Liquidity and Fractionalization: Historically illiquid assets, such as fine art or private equity, gain greater liquidity as their ownership is digitally recorded and can be traded on secondary markets 24/7. Crucially, tokenization enables fractional ownership, breaking expensive assets into smaller, more affordable units. This democratizes investment, lowering the barrier to entry for retail investors and allowing broader participation in wealth-building opportunities globally. Increased Efficiency and Lower Costs: Transactions involving tokenized assets are faster and cheaper because the use of smart contracts automates processes like clearing and settlement. This reduction in reliance on manual reconciliation and intermediaries decreases operational costs and risks. Transparency and Programmability: Ownership records on a blockchain are immutable and transparent, enhancing security and accountability for formerly opaque assets. Furthermore, these tokens are programmable, meaning code can be embedded to automate compliance, payments, or income streams. Impact on the Crypto Universe and Bitcoin While Bitcoin ($BTC) is a crypto-native asset, tokenization profoundly affects the broader crypto universe, particularly decentralized finance (DeFi) and the perception of the asset class. 1. Integration with Decentralized Finance (DeFi) Tokenized Real-World Assets (RWAs) are positioned to fundamentally transform the DeFi landscape. DeFi initially served as a proof of concept for on-chain finance, and RWAs now provide the missing link: tangible, intrinsic value and collateral. Massive Capital Influx: Tokenizing trillions of dollars worth of traditional assets could bring significant capital and utility into the blockchain ecosystem, providing real-world income and collateral to DeFi protocols. Enhanced Utility and Stability: By being backed by tangible assets, RWA tokens are generally seen as less volatile than purely speculative crypto-native tokens, appealing to institutional investors seeking low-risk blockchain exposure. This shift aids the maturity and stability of the entire on-chain financial system. 2. The Role of Bitcoin Bitcoin, as the original blockchain and store of value, operates on a highly secure but less scalable network. While it does not typically host the complex smart contracts required for RWA tokenization (which often occurs on networks like Ethereum, Solana, or Avalanche), the success of tokenization indirectly benefits Bitcoin: Increased Legitimacy: The institutional adoption of blockchain technology for tokenizing high-value assets (like government bonds and real estate) lends credibility and institutional trust to the entire crypto sector, of which Bitcoin is the leader. Capital Flow into Ecosystems: As institutions use stablecoins and other digital assets to transact and settle RWA tokens, the overall liquidity and market capitalization of the crypto universe grow. This positive momentum often supports the price and stability of major cryptocurrencies, including Bitcoin. Conclusion Asset tokenization represents a seismic shift that moves blockchain from a speculative tool to a robust financial infrastructure. By unlocking liquidity, democratizing access, and enhancing efficiency, it is establishing the foundation for a truly global, 24/7 financial system. For the crypto universe, tokenization is the catalyst that is drawing institutional capital, giving DeFi a tangible foundation, and solidifying blockchain technology—initially pioneered by Bitcoin—as the superior backend for the future of global finance. Would you like me to translate this article into Portuguese, or provide additional information on specific tokenized asset classes (like real estate or bonds)? image
Coringa Nakamoto's avatar
CoringaNakamoto 2 months ago
Hello NOSTR Bitcoin community, Following up on our challenge to reach 100k zaps by the end of October, solely through my digital art posted here. The balance of zaps sent for these artworks will also be sent to artists who also post their art here on NOSTR. Can I count on you, community? Because alone I will never win this new challenge. The results will be posted here every day at the end of the day. The balance so far is: 0 zaps sent 100,000 zaps is the goal to reach. Balance = 0 zaps. The art posted today is a tribute to Claude Monet image and the crypto universe.
Coringa Nakamoto's avatar
CoringaNakamoto 2 months ago
Uncertainty passes. Discipline remains. Zero out the fiat, accumulate control. image
Coringa Nakamoto's avatar
CoringaNakamoto 2 months ago
Hello NOSTR Bitcoin community, Following up on our challenge to reach 100k zaps by the end of October, solely through my digital art posted here. The balance of zaps sent for these artworks will also be sent to artists who also post their art here on NOSTR. Can I count on you, community? Because alone I will never win this new challenge. The results will be posted here every day at the end of the day. The balance so far is: 0 zaps sent 100,000 zaps is the goal to reach. Balance = -100,000 zaps. The art posted today is a tribute to Rembrandt and the crypto universe. image
Coringa Nakamoto's avatar
CoringaNakamoto 2 months ago
It was then she saw on the calendar a daily suffering, a pain that had a number, and an affliction of a month long. It was then she decided to burn it, and trade it for an hourglass that lowers the pain faster and kills the love for good. image
Coringa Nakamoto's avatar
CoringaNakamoto 2 months ago
Daily wisdom pill: " image Buy and stack your Satoshis, that is true freedom."
Coringa Nakamoto's avatar
CoringaNakamoto 2 months ago
Hello NOSTR Bitcoin community, Following up on our challenge to reach 100k zaps by the end of October, solely through my digital art posted here. The balance of zaps sent for these artworks will also be sent to artists who also post their art here on NOSTR. Can I count on you, community? Because alone I will never win this new challenge. The results will be posted here every day at the end of the day. The balance so far is: 0 zaps sent 100,000 zaps is the goal to reach. Balance = image 0 zaps. The art posted today is a tribute to Joannes Vermeer and the crypto universe.
Coringa Nakamoto's avatar
CoringaNakamoto 2 months ago
Gresham's Law in the Digital Age: Why Bitcoin is the "Good Money" That Stays Out of Circulation Gresham's Law, a centuries-old economic principle, states that "bad money drives out good money." Although formulated in the 16th century, in the context of debased metal coinage, this law has never been more relevant than it is in the digital age, particularly when explaining the behavior of Bitcoin users regarding fiat currencies. Bitcoin, with its scarce and predictable issuance, fits perfectly into the category of "hard money." Gresham's Law not only explains why Bitcoin isn't yet the primary currency for daily transactions but also underscores its current main function: as a store of value. The Gresham Principle: Bad Money vs. Good Money To understand the relationship with Bitcoin, we must first define the terms of the law: Bad Money: This is the currency that loses value over time, typically due to inflation caused by monetary expansion (money printing) by a central bank. In the historical context, these were metal coins debased with less silver or gold content. Good Money: This is the currency that maintains or tends to increase its purchasing power over time. Historically, these were pure metal coins. Today, Bitcoin is the digital example of good money due to its programmed scarcity (21 million limit), which protects it against inflation by issuance. The Logic of Circulation Gresham's Law postulates that when the State mandates that both currencies (the good and the bad) must be accepted at the same face value (through legal tender laws), the public adopts rational behavior: People spend the bad money (inflationary fiat) as quickly as possible because it is constantly losing value. It's like a "hot potato" that needs to be discarded. People hoard the good money (Bitcoin) because it has the greatest potential to retain or increase its value in the future. Bitcoin: The Hard Money That Is Being Hoarded In the current economic scenario, the Gresham principle is evident. Bitcoin exhibits the characteristics of Hard Money, whose value (in purchasing power) rises over the long term, while most fiat currencies (like the Dollar, Euro, or Real) exhibit the characteristics of Bad Money, whose value is eroded by inflation over time. The result is what we observe today: Transactional Use: Most daily transactions (paying bills, grocery shopping, salaries) are still conducted in fiat currency. People use fiat because they know that if they save it, it will be worth less later. Store of Value: Bitcoin is predominantly saved and held (HODL'd). Few people want to be the individual who spent Bitcoin on a pizza in 2010, or the one who used Bitcoin today, only to see its value double next year. Therefore, Bitcoin's low usage in day-to-day transactions is not a sign of failure as money, but rather proof of its success as a superior currency and store of value, as predicted by Gresham's Law. The Flip Side of the Coin: Thiers' Law Gresham's Law only holds true under the condition that the State enforces value parity through legal tender laws (compelling sellers to accept the bad money). However, in environments of monetary freedom, the opposite often comes into effect, sometimes called Thiers' Law: "good money drives out bad money." In Monetary Crises: In countries facing hyperinflation (like Venezuela or Lebanon), where fiat currency becomes utterly useless, Gresham's Law fails. Under these conditions, people and merchants refuse to accept the local currency and demand payment in more stable monies (the dollar or, increasingly, Bitcoin). Bitcoin's Future: The argument is that as Bitcoin matures and its volatility decreases, and if legal tender laws are weakened or ignored, merchants will gradually begin to demand payments in Bitcoin to protect their revenues against fiat devaluation. At that point, Bitcoin would transition from a store of value to the primary medium of exchange. Conclusion Gresham's Law offers a powerful historical and economic lens to analyze the dynamic between Bitcoin and fiat currencies. The fact that Bitcoin is being saved and fiat money is being spent is the clearest evidence that the market perceives it as the superior (hard) money. Bitcoin is currently fulfilling its role as a store of value (the "good money" being accumulated), setting the stage for a future where, should fiat currencies continue to lose value, Bitcoin could reverse the rule, becoming the dominant currency for both savings and transactions, fully realizing its potential as decentralized money. What do you think of this duality between Gresham's Law and the future of Bitcoin as a medium of exchange? If you liked the post, don't forget to support my work. Together we are stronger. Zapping is recognizing good work. image
Coringa Nakamoto's avatar
CoringaNakamoto 2 months ago
Generosity is the Strongest Currency: Building the Bitcoin and NOSTR Community In the world of Bitcoin and the emerging NOSTR (Notes and Other Stuff Transmitted by Relays) network, technology provides the backbone for financial freedom and decentralized communication. However, the true engine that drives these networks and gives them resilience is a fundamental human value: community generosity. The idea that "true wealth isn't about hoarding—it's about sharing" is more than just a nice sentiment; it's an operational principle that sustains the growth of the entire ecosystem. Why Generosity Strengthens Bitcoin and NOSTR 1. Lowering the Barrier to Entry for Beginners Bitcoin and the Lightning Network can be intimidating for newcomers. Donating sats (the smallest unit of Bitcoin)—whether through "zaps" on NOSTR or direct tips—serves as a powerful welcome mechanism. Practical Education: By receiving their first sats, a newbie experiences the speed and low cost of the Lightning Network firsthand. This practical experience is worth more than a thousand theoretical articles, transforming the cryptocurrency from an abstract concept into a tangible reality. Inclusive Access: Tipping small amounts to those who can't yet afford to buy eliminates the initial financial barrier, promoting real and immediate financial inclusion. 2. Rewarding Value and Fostering Quality On NOSTR, generosity is coded through zaps. When you zap a note (post), you aren't just sending sats; you are voting with your money: Content Incentive: Zapping directly rewards creators who add value—be it humor, news, or technical insights—to the network, without relying on centralized platforms or opaque algorithms. Media Decentralization: This tipping model creates a cash flow that is censorship-resistant and independent of advertisers, strengthening freedom of expression. The reward is determined by the utility perceived by the community itself. 3. The Network Effect and Community Unity The Bitcoin and NOSTR networks are only powerful because they are used by many people. Generosity is the social cement that keeps this community united and active. Mutual Support: The culture of helping and tipping builds a sense of belonging and reciprocity. An experienced member who zaps sats or helps a newcomer set up their wallet is, in fact, strengthening the network that protects everyone's wealth. Exponential Growth: Every person helped and every satoshi donated becomes a new evangelist or a new node on the network. Unity is what ensures these technologies can withstand attacks, adverse regulations, or bear markets. Conclusion: From Users to Builders In Bitcoin, code is law, but in the community, ethics are the foundation. The generosity of sharing sats and the commitment to helping new members integrate into the network are more than just acts of kindness; they are direct investments in the security and longevity of a truly decentralized financial and communication system. Instead of merely accumulating, the Bitcoiner and NOSTR community thrives by sharing, building, and supporting each other, proving that, in the end, the greatest wealth is the strength of the network itself. image