One way to get up and running with crypto

This is not investment advice. I don’t know how the blockchain works. All I know is, there is a limit to the number of bitcoins that will ever be in circulation. That sounds to me like the surest way to avoid inflation. If the dollar goes into a cycle of hyperinflation, people may have no choice but to learn how to get up and running with crypto. Doesn’t hurt to bookmark this blog post.

The attached photo is my way of helping with crypto adoption. Most of the information you need is readily available on the Internet, but I think a potential sticking point is passwords, and I have some ideas on that.

At the top of the photo, we have a Calix crypto-only laptop running the Coinbase exchange and the Exodus wallet. You can learn a lot by visiting the websites for Calix, Coinbase, and Exodus. If you decide to get a crypto-only laptop, please use this link so I can make $50.

https://calixsolutions.io/crypto-laptops/ref/thomas.cleland/

In the middle of the photo, the playing cards are intended to help overcome writer’s block or procrastination with passwords. People have used playing cards to come up with passwords that are truly random. And these passwords are not generated by a program, which eliminates the potential for being hacked. Here I use one deck for upper and lowercase letters, and part of another deck for numbers and special characters. To make a mock password for demonstration purposes, I dealt out eight cards. I then looked them up in the table on the sheet of paper to the right, and copied the corresponding characters into the notebook on the left. 

At the bottom of the photo are the Cryptosteel capsules. These can protect your passwords from fire and water. The capsule on the left is opened to show the core. At the very bottom of the photo, we see the same mock password on stainless steel tiles. Hopefully if you enlarge the photo you can read the tiles. The tiles are arranged in sequence on the core. The capsules, along with your notebook, go in your safe deposit or lock box.

Finally, bear in mind that things can change. A number of exchanges have gone out of business. There is an element of risk when other people are holding your money. I am using Coinbase as of this writing. They have partnered with TurboTax to make income tax reporting straightforward. But if anything happens to Coinbase, I also have an account with Caleb And Brown.