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Beware of Bitcoin's possible incompatibility with some major services

11 October 2017 Summary A subsection of the Bitcoin economy including prominent businesses such as Coinbase, Xapo, and BitPay have signed an agreement to adopt and implement a contentious hard fork of Bitcoin  sometime  in November. A hard fork is a backwards incompatible change to the Bitcoin network. This hard fork is not supported by the majority of the Bitcoin users and developers and is therefore a contentious hard fork. By adopting this hard fork, we believe the supporters of this agreement are shifting their users to an alternative currency (an altcoin) which is incompatible with Bitcoin. The signatories of this agreement wrongly believe that the currency created by adopting this contentious hard fork will eventually become Bitcoin. Therefore storing any BTC on services such as Coinbase, Bitpay and Xapo is strongly not recommended. By storing BTC on these services, you could find that after the hard fork, your BTC has been renamed to something else or replaced e...

Which is the Best Bitcoin Wallet?

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The Ultimate Guide This guide will help you to find the best Bitcoin wallet for YOU! Hint: There's no "one size fits all" Bitcoin wallet. Wallets come on different platforms with different features. If you want the best possible wallet, keep reading... Chapters CHAPTER 1 What is a Bitcoin wallet? CHAPTER 2 Wallet Types CHAPTER 3 Hardware Wallets CHAPTER 4 Hot Wallets CHAPTER 5 Bitcoin Banks vs. Wallets CHAPTER 6 Theft and Scams CHAPTER 1 What is a Bitcoin Wallet? A Bitcoin wallet is the first step to using Bitcoin. Why? Without a wallet, you can’t receive, store, or spend bitcoins. You can think of a wallet as your personal interface to the Bitcoin network, similar to how your online bank account is an interface to the regular monetary system. Bitcoin wallets contain private keys; secret codes that allow you to spend your bitcoins. In reality, it’s not bitcoins that need to b...