'OK Boomer' I hate that term more so since that fucking communist Ocasio-Cortez used it.
When I hear it used, it conjures up an age old story:
A farmer goes out one day and buys a brand new stud rooster for his chicken coop. The new rooster struts over to the old rooster and says, "Okay old fart, time for you to retire."
The old rooster replies, "Come on, surely you cannot handle all of these chickens. Look what it has done to me. Can't you just let me have the two old hens over in the corner?"
The young rooster says, "Beat it! You are washed up and I am taking over."
The old rooster says, "I tell you what, young stud. I will race you around the farmhouse. Whoever wins gets the exclusive domain over the entire chicken coop."
The young rooster laughs, "You know you don't stand a chance old man, so just to be fair I will give you a head start."
The old rooster takes off running. About 15 seconds later the young rooster takes off running after him. They round the front porch of the farmhouse and the young rooster has closed the gap. He is already about 5 inches behind the old rooster and gaining fast.The farmer, meanwhile, is sitting in his usual spot on the front porch when he sees the roosters running by. He grabs up his shotgun and boom, he blows the young rooster to bits. The farmer sadly shakes his head and says, "Dangit, third gay rooster I bought this month."
Moral of the story...
Don't mess with us old folks. Age and treachery will always overcome youth and skill!
Triggered boomer threatening to shoot the gays in order to prove himself still relevant.  This is why an increasing number of people can't even be bothered to engage with the self-righteous, entitled brain farts of a lead-poisoned generation. Hence: OK, boomer. But don't take it from millennial whippersnappers. Silent generation agrees with usMe:  |
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For some reason I set up another fucking node. But this is IT I swear... But I just gotta put some more corn on it and open up a pile of channels this weekend. LOL. It's c-lightning based. So if you want to try a dual funded channel let me know? One cool thing will be we can use the three nodes (yours, and my two) to ease balancing. I will go as big as you want. We could effectively move one of the the channels on the other node over. I actually plan to find as many non shared channels to connected nodes as possible so this one ends up being a benefit to the other. https://amboss.space/node/03562bdcf00fe0cf44e8a491a8c9b26f31c4e45c9a88cdfd6a2f0f2550a304c73e(Also... I am thinking about reducing my involvement with this fucking forum... I will be on the Twitter hellscape, and might start a medium channel or something to do my "long posts" on) |
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I have nothing against boomers, and abhor that phrase. Almost a boomer myself. Cusp. But on the GenX side. We are a sarcastic generation.
Does thaT COME from dealing with boomers their whole life?  Sarcastic Joke was too low hanging for me not to hit it!And cynical.
One day the millennials will also be sarcastic and cynical.
It is called growing up.
It takes half a lifetime to realize you were brought up with lies from the beginning. Well I was raised by a boomer so yuh. Half a life time? I am 90% dead and just figured it out. |
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I have nothing against boomers, and abhor that phrase. Almost a boomer myself. Cusp. But on the GenX side. We are a sarcastic generation.
Does thaT COME from dealing with boomers their whole life? Sarcastic Joke was too low hanging for me not to hit it!And cynical.
One day the millennials will also be sarcastic and cynical.
It is called growing up.
It takes half a lifetime to realize you were brought up with lies from the beginning. Well I was raised by a boomer so yuh. |
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I have nothing against boomers, and abhor that phrase. Almost a boomer myself. Cusp. But on the GenX side. We are a sarcastic generation. |
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The issue about "lost" bitcoins has been discussed some time ago. Right now, there is nothing that can be done about them and likely nothing will ever be done about them. Lost = Lost and that's it. There are always new coins being mined, and transaction fees get included in the block reward, so there will always be new mined coins.
The issue that is being discussed are about ancient coins that don't live in addresses, the ones before the 1xxx addresses, the ones before the legacy ones. Any addresses that begin with 1, or 3, or bc1q are going to remain the way they are and never moved unless the owner or holder of the private key spends them.
I think those are the pay to pub key transactions. No addresses, just public keys. Those were already "obsolete" around after 2010 or 2011. Those are the only ones that may be "questionable" as they are not protected by a hash of the public key.
This is a VERY good point, and a problem not spoken of often. This will probably WILL have to address at some point. Or accept that the spoils will go to the victor. If I was a myopic CS genius with access to early Quantum computers I might set my sites on these. |
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This is just another reason the idea of "lost coins" is el stupido. The ONLY person with the rights to move bitcoin is the holder of that (those) private key(s). Period. And it is their right to move them as they please. Even if it frightens people, or means they are rich, or crashes the price. Or proves they are Satoshi, or ANYTHING. PERIOD. I am not scared. I still have the keys to my coins. I suspect the vast majority of the “frozen” coins are not lost or abandon pretend that the number is 4 million coins 2.4 million would be by long term holders not lost and movable. much as the ones above were just done. It all an exercise in imagination when we are trying to guess 2049-2059 btc rules and decisions. realistically I have 20 years left to live. based on family male history 77-86 years old is a common death age for men. I personally hold keys with satoshis that have not moved since 2011. And I am not far behind you.. might even beat you to the finish line if my luck doesn't hold up.  |
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Ok Boomer, two things you forgot... this is not 1950 and Kids these days see more then it meets the eye  Every generation has believed this exact same bullshit. The Boomers remember, and so does Gen-X. Also you just pretty much told us where you are from. |
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Oh no, bitcoin crashed to levels not seen since 2 days ago.
I don't want to start some sh!t again.... But it might go to $52K in the next week or so ... maybe in 2-3 tops.   remindmeofthisinthreeweeks.gif And yes you DO want to stir up shit again... obviously. Starting a sentence with "I don't want to X, but..." is a drop dead reliable lie pretty much every time. The only person you might be fooling is yourself. |
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This is just another reason the idea of "lost coins" is el stupido. The ONLY person with the rights to move bitcoin is the holder of that (those) private key(s). Period. And it is their right to move them as they please. Even if it frightens people, or means they are rich, or crashes the price. Or proves they are Satoshi, or ANYTHING. PERIOD. I am not scared. I still have the keys to my coins. |
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. Dude I will be dead when the fight over frozen coins is started. The fight will be that they are not lost keys. The fight will be that they are abandoned coins.
If you have any idea about worldwide legal bullshit in general and human nature those "frozen" coins will be fought over bigly down the road.
Like I said won't happen anytime soon. But it is going to happen.
The thing people are trying to express is: 1. That argument already exists. In the context of Satoshi's coins, and lack of inflation and block reward etc. 2. Recirculating lost or abandoned coins is a CHANGE to Bitcoin's basic monetary policy. In my opinion that change to the policy would BREAK bitcoin. I think you are possibly making your assumptions because of a life lived in a FIAT world where these sorts of arguments are the very ways the masters of the system have gamed the system to benefit the masters themselves. As a gen-x member I sort of hate the arrogant millennials/zoomers when they say "OK Boomer"... but... but... |
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^ ^ I’m not sure I could totally agree with the ‘more solid floor’ argument if compared to BTC. Compared to most of other alts, for sure it does. And come to think of it, I’m starting to prefer XMR to find security througn obscurity. The more it doesn’t have hype and the spotlight, the better for the coin and its users.
I agree with all of that. Also did not meant to imply XMR's floor would be stronger than Bitcoins.. I was most certainly thinking ALTs. Though I often communicate unclearly. But I am ragequitting Monero officially now (really just the "community") so stop drawing me back in, damnit. |
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Like I said I was born in 1957 and will almost certainly be dead by 2069 as 112 is not going to happen.
But if BTC is to wind out and whale and be 1 or 2 or 3 million even 10,000,000 and there are 2,000,000 in Frozen coins they will be moved or set back into circulation.
As 1,000,000 x 2,000,000 = 2,000,000,000,000 / 2 trillion to and 10 million x 2 mill = 20 trillion in coins.
No way is that staying idle for all time.
The pressure put on them going back to recirculate will be huge. The power grid and gear used at that time will need to be fed.
Not a worry for this in 2021 or 2029 or 2039 or 2049 but by 2059 yeah if the world and btc have survived they will be big pressure for that event.
To those that disagree fine hope you live to see it not happen and come to my grave and laugh at me.
Philip... Oh, Philip... What's happening to you? Is this some kind of joke, or even a r0ach-like metamorphosis? If what you're saying ever happens, it will be the end of Bitcoin. It doesn't make any sense and, frankly, I'm very surprised you're saying it. Keys ---> Coins. Keys lost = Coins lost. That's a one-way street, can't work around it. Putting backdoors to coins is equivalent to breaking Bitcoin's security. Who is to decide when, how much, and from where? Coin age? And what if the original owner suddenly appears? Would his keys suddenly become invalid? What you're saying implies a central authority taking control of Bitcoin's blockchain, and is equivalent to hard-coding the invalidation of keys in the Bitcoin protocol. This is sweet music to CSW's ears, should a retarded judge ever award him rights to Satoshi's coins. Sorry to have to say this, but what you're suggesting is probably the biggest pile of nonsense I've ever read in WO... It is simple fucking math! If I had 10 Apples and You have 10 Apples and someone else has 10 Apples, and each apple will swap for 1 Hoe.. Say for some unknown reason you lost your 10 Apples and for the life of you, can not find it anywhere, then guess what! 1. You can’t have any Hoe’s 2. I can now buy 3 Hoe’s for 2 Apples 3. That someone else can also swap 2 Apples for 3 Hoe’s 4. You potentially may have to be a Hoe if you to want some apples, but wait that means there are now more Hoe’s, which means my 1 Apple may be buying 3 or 4 Hoes now! In other words, the lost/missing coins have already been recycled, in a much more intelligent way. If you can not see it already then you really don’t understand what Bitcoin truely is. Mining lost coins.. that the same as money printer going brrrrrr…. This is really good. It's one of the harder things to come to terms with in Bitcoin. But the ability to lose coins forever is a feature, not a bug. The limit is also very arguably important. And any changes to the monetary policy of Bitcoin, PARTICULARLY well before it is deeply established, will most likely destroy it. Now... the conversation as to what happens once the subsidy runs out? Block size, et al? Well that conversation may be worth having. But the solution does NOT lie in changing Bitcoin's monetary policy. |
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Back to the 64xxx again I see, getting really tired of this, really, really, tired.
I wish I could go back to.. Oh.. I dunno early 2021 (or how about ~March of 2020!) and quote current you to previous you! Previous you would come smack current you in the nose. But yeah. I am tired of it too :| LOL |
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Good news not moving the price much. Like CEO of Apple invested in Crypto or Elon Musk selling 20 BN of his stocks for Bitcoin. But one small unconfirmed FUD and we see a massive dump. This market is so shaky.
When the price moves, it tends to leave the order book a bit flat behind it. A well executed FUD dump like this can knock things back down pretty easily. When did E. Musk say he was putting the billions in BTC? I don't know if he said that. I know people were suggesting he invest the billions he gets from selling tesla shares into bitcoin. https://news.bitcoin.com/elon-musk-twitter-poll-decide-sell-20-billion-tesla-stock-investors-buy-bitcoin/A number of people suggested that Musk should use the proceeds from selling his TSLA stock to buy BTC. For example, Microstrategy CEO Michael Saylor suggested: “If the goal is diversification, an alternate strategy to consider is converting the TSLA balance sheet to a Bitcoin Standard and purchasing $25 billion in BTC. Syke posted this, but I don't know if Elon Musk actually said it. Bear in mind other @RelevantElon tweets aren't very serious, such as this one. https://twitter.com/RelevantElon/status/1454198388447223808PRETTY sure that's a parody account run by a bitcoinner. There is also a relevantPeterSchiff account... |
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To those that disagree fine hope you live to see it not happen and come to my grave and laugh at me.
... I already described why it will never happen and is a stupid idea that will break higher layers and put the entire protocol at risk, ... yet, you relent, we can just tell you that you're fucking idiot and laugh at you while you are alive! That my friend is so naive I am laughing at you right now. Thanks for the smile. Ha protocol vs 20 or 30 trill worth of coin just sitting . They will force each and every wallet to show control via a small withdrawal or declare it abandoned. Maybe the push back by developers would be a simple no like you think. I won't live long enough to find this out. The developers do not decide the monetary policy of Bitcoin. |
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Good news not moving the price much. Like CEO of Apple invested in Crypto or Elon Musk selling 20 BN of his stocks for Bitcoin. But one small unconfirmed FUD and we see a massive dump. This market is so shaky.
When the price moves, it tends to leave the order book a bit flat behind it. A well executed FUD dump like this can knock things back down pretty easily. When did E. Musk say he was putting the billions in BTC? |
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At this moment in the recent past we see furious buying step in... let's see...  The money on the exchanges is waiting for this dips, and then buying into them. Well. Sorry for jinxing us!  |
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Lightning Node Stuff: Slow day with high fee activity leading to only being able to open a couple channels. Got LOOP re-established last night with high fees and no balancing. Gonna let the channel sit as is, and see how she works out long-term.
As for the BOS List entry, I think I found my node on the list, because I paid the 10k sat fee subscription for a month. Now that the subscription has run out, I no longer have the BOS flair on amboss.space.
Nice scam.
Hrm... That's weird. I have never paid them, and I have had the little badge, but it is also gone right now. The Terminal list badge is still there for us both. I think this is not about the payment, but something else. Yeah.. Southxchange is the #1 on the BOS list and also not on there... I think it comes back. |
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