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Don't forget, buying media grants you fair use ownership of that media. You are more than welcome to rip and upload your own ROM, and you are free to download (but not share) anyone else's ROM.


I think you hit the nail on the head. At our core humans are pattern recognition units, we're solving environmental puzzles all the time, and sometimes we solve this puzzle in the same way as the person next to us, and both have a similar leap of logic that seems to defy rationality.


#2 is overkill. Back up once and forget about it, there is no news to backup after transactions.


That is absolutely not true.

If you send coins your wallet generates a new key for the remaining coins.

At that point your old backup is useless - it has a key that no longer works.

And yes, people have lost coins because of not knowing this.


This should be a solved problem with HD wallets.


https://news.ycombinator.com/item?id=11693631 (May 2016)

> droffel: Hardware wallets use the BIP32[1] spec to implement "Hierarchical Deterministic" (HD) addresses. Using a single seed phrase (stored internally on the device, and also written down external to the device, neither copy should ever be online), you can generate an infinite number of addresses for your wallet. Every time you request a payment, you get a different address to send to, there is no address reuse (unless you or someone else chooses to send funds to an address that has already been spent from).


Luck is what happens when preparation meets opportunity. -Seneca


The term confirmation is a bad one. It gives people the impression that they have to wait 10 might.s to an hour to know if they have their money. The moment you see a transaction in you wallet, you have it, you just have to wait 10 mins to an hour to spend it. So to compare this to legacy systems which take 3-5 days and claim its too slow seems unfair.


> you have it, you just have to wait 10 mins to an hour to spend it

And then after 10 mins to an hour you find you can't spend it because it's been marked invalid, and the guy you sold your iPhone to is long gone.


What neutron boy said. If you don't wait 5-6 confirmations, it could be a fake transaction.

And I can spend money I get from Paypal as soon as I get it. I don't have to wait 1 hour.


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