The TRUTH about Atomic wallet !!! The Trust model...

The TRUTH about Atomic wallet !!! The Trust model...


Can we handle the truth about wallets and exchanges?  NO!  the trust is NOT there! An MIT report thinks 95% of exchange volume is faked. Telos admits their hardware wallet can be hacked if touched. Fake wallets were downloaded from Apple and Android stores, ranking in the top five apps before being caught! -these wallets accept and leave alone small test deposits, then snap up and disappear with larger deposits (man, we once sold custom apps for the Apple store, we actually believed Apple checked that chit!!!) Fake Poloniex apps were downloaded 5,500 times from google play.  Legit hardware wallets are shipped with legit looking stickers telling the new owner to use a preconfigured seed phrase! The Steemit Gift card scams! Exchange exit scams are as big as ever and we mean in the ten figures loss range. 

Even real wallets / exchanges freak us all out,  things get slow when the market moves.  ETH transactions taking 24 hours on metamask. Exchanges suddenly upping the KYC, locking funds, locking up themselves, bag that.  

So let's talk about trust, baybee.  Let's talk about you, and me.  And Atomic Wallet. e23190fbf32ca77976d23ef2e9b4096123364efd9cc818d8d6437181534f7bf8.png Are we comfortable with unknown software, including updates, holding all of our magical internet money??  We  log into our wallet or exchange  and suddenly it’s all different.  Or our collective three billion has gone to the beach with Ylang ylang. Adding exchange capability to a wallet radically increases the apparent risk.  So why risk yet another wallet?  We already have exodus, coinbase, muskmask n some others...Stay old school, flee exchanges ASAP and stick with paper wallets to minimize risk ?

WHO CARES ABOUT SOME FANCY SCHMANTZY NEW "ATOMIC" WALLET!?!??

OK, OK,  our last contest entry was so nasty that Igor did not even wish us good luck.  But we lived in Brooklyn too long, gotta spit the truth as we see it! https://www.publish0x.com/hi-i-am-dave-and-i-just-got-hooked-on-crypto/the-truth-about-elf-coin-and-you-cant-handle-the-truth-aelf-xpjjedg .And ya know what Igor ?  If we had put money in AELF coin the day we published that article, as of right now it would have been... up.. over 100%... ah that hurts.  Never mind. Apologies Igor. 

Hmmm so, all those slick new features in atomic wallet.. tempting.  Coinbase's wallet /exchange integration ain't that smooth for us.  Look,  Atomic can take gas money out of your trade for you  (as opposed to the eternal losing of the 50 cents of ETH stuck in the bottom of every other wallet we have ever touched https://www.publish0x.com/hi-i-am-dave-and-i-just-got-hooked-on-crypto/forget-the-famous-lost-bitcoins-its-the-lost-eth-at-the-bott-xnlllro )

AND Atomic can stake.  We wanna stake.  And there are a lot of coins on there. So let's rip back the covers on trust.  What do we see ?

Well, it's looking pretty fecking awesome.  First off, Atomic is open source.  That means it provably is what is is.  SMACK the sound of Exodus biting the dust along with Coinbase.  That means no clever programmer can rewrite the new wallet release to take the money and run.

Next, Atomic stores your keys locally only and is a non custodial exchange.  So even if the exchange is hacked, including by the death faking CEO looking at you QuadringaCX,  no one gets the 20 million all at once.  That's a double tap for Exodus.   Your keys, your coin stays in your device.  

Next, not really a trust feature, but unlike open source Metamask, Atomic does not seem to rip us off 4% for the honor of integrating with an exchange.  OK, it IS a trust feature for us, c'mon man.  And speaking of trust features, who the hell really trusts  Chrome extensions?  Don't we all associate them with bad ideas and mistakes made by even downloading them?  and OH WAIT DOESN'T THE PRESENCE OF A METAMASK EXTENSION ADVERTISE TO THE WORLD ( every website we visit)  LIKE A VEGAS NEON SIGN --HERE IS A DUDE/DUDETTE WITH CRYPTO---hi there big boys.  Come cyberstalk and hack US!!  POW, Muskmask takes a dirt nap in the trust massacre.

Other trust points? Atomic is available on every platform we ever care about.  Loads of github action.  Large installed base blasting upward, many others. 

Finally ? the all important one - the people.   Are the folks behind Atomic credible ?  Yes they freaking are.  First off we have Konstantin Gladych. Is he real ? Well look, there he is in Linked in, let's send an invite.  He's worked in Moscow,  Cyprus, Malta - all crypto centers.  He holds a PhD from somewhere flaky WHO CARES HE CO_FOUNDED THE ROCKING Changelly. Of course. Konstantin looks kinda like Vitalik.  And despite having no evidence at all, we think Vitalik loves Atomic Wallet.  After all, Atomic Wallet Coin is based on ETH!!! anyhoo, Atomic has Charlie Shrem, talk about name recognition, and Simon Dixon of BnkToTheFuture, VCs for Kraken & others. cec640f0a7fe47d2e05a5e1921f95a9e988582ffb159f40b4c621845f8ee862b.png

Those are three extra large trustworthy names that have some skin they could lose in the game.    and Oh yea, some good reviews on Atomic from Binance and John McAfee ( for whatever that's worth.)  Names, darling, names, big names. 

But WAIT THERE'S MORE !! the final FINAL big overhand swinging sledgehammer of trust?  Atomic wallet is the most successful and THEREFORE MOST TRUSTED airdrop we have ever done!  It turns out three months ago we dropped a massive wedge of around thirty odd bucks into a shiny new Atomic wallet.  Entered a referral code ( good news for some forgotten Publish0xer) waited two months and SHAZAM !!!

0636987b284f99859a7a5b1b4bfab913e2650911e58a7a0914ceea97c347f667.pngAtomic wallet actually sent us the seven bucks in AWC, that's over a twenty percent return !   Coinbase Earn said they would give us crypto for videos but sorry, we were too late.  Minereum said they would drop us MNE, let's not even talk about that mess anymorehttps://www.publish0x.com/hi-i-am-dave-and-i-just-got-hooked-on-crypto/attack-of-the-32000-mne-minereum-shitcoins-xmzdyj Coinbase exchange said they would give us ten bucks in referrals, but somehow by the time the account was set up it was too late, sorry, you should have asked for that earlier.  BUT WE DID Ask!!!  Scr-w em, we are heading over to Atomic.   How much to buy our trust ? seven free bucks in AWC is a good start. 

Ok, one whinge, WTF is this is in the history, the AWC airdrop is a little obfuscated - + 0BNB? 

f36d85f03fea784ddb162425005bcf48d64e75885e88351be02ad27fa50c36a2.pngbut when we drill down, we see it surely looks like the promised and delivered airdrop, dunno about the multiple addresses and no value and what what BNB??

1cb742789726f68996c66e2651d0996222f88d1f6f200b3c2fe2f90adf9136c4.pngThey must have sent it in in BNB and converted it to AWC, that could have been clearer, but OK.  OK, so now we trust Atomic Wallet TOO much.  But we see a way to fix that.   We will just increase the risk taking with Atomic Wallet Coin !!! 

Some dude  on Reddit says the Atomic Wallet Coin is "shockingly undervalued."   So let's double down, triple down, figure out how to get more AWC (and more, and more...) scuze us we gotta go stake AWC.

Love,  and trust

Dave

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Dave Sawyer
Dave Sawyer

National Merit got this punk rocker to Oberlin, and Wall Street fintech gave up world tours and an NYU MBA. I am a Bitcoin true believer. Bitcoin is deeply revolutionary in a way we always prayed tech would be. Keep the baby Faith!


Hi, I am Dave, and I just got hooked on crypto !
Hi, I am Dave, and I just got hooked on crypto !

After decades motorcycling in NYC to work on Fintech and play punk rock, I just woke up to Cryptocurrencies and fell in love like never before! Blogging for the hell of it while learning my way through this awesome, deeply revolutionary evolution in money. Join us while we laugh and flip off the central banks and their currency debasing governments! Stack sats to the Moon, Lambo, don't reck, FUD, FOMO, wild wild west, bless Satoshi!

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