[edited out]
The "pyramid scheme" was an attempt to raise understanding WHY nocoiners still see Bitcoin as such, while the actual happenings (history) of Bitcoin show that it's not really the case. People tend to simplify (as do i in my argumentation more often than not). It's easier for them to remember the pyramid scheme narrative than educate themselves in Bitcoin, economy and sound money principles. Bringing in the "pyramd scheme argument" was a perfect move and the narrative grew successfully. Now it's harder to get followers of the "pyramid scheme conspiracy" educated. A (temporary) win for the "fiat society", because people tend to stay with simple explanations and affirmations. Most people do hard to change their beliefs. Give a simple explanation for a complex question (on a complex subject) and the most dumbest guy/gal will "understand". We can agree to disagree.. As I already attempted to explain, I consider that the pyramid scheme framework is the opposite of helpful because it is misleading about what bitcoin is, even if people might be able to relate to such a framework. That is an important factor of AlcoHODL's collegues and relatives NOT really understanding Bitcoin, because they think they already do.
I have my doubts about if AlcoHoDL would be presenting the pyramid scheme as an educative framework to explain bitcoin, unless he were merely striving to contrast bitcoin with such scheme in some kind of way. Perhaps AlcoHoDL could chime in on this point in terms of whether he would use a pyramid scheme framework to explain bitcoin, merely as a contrast or in some other way.. As I already mentioned, seems distracting and misleading in terms of costs versus benefits in using it rather than helpful from my point of view. Second biggest factor: Trust.
Humans trust information more, the closer the relation is to the informer. We don't want to be alone, we don't want to decide alone, so we take over narratives from people we look up to, as well as from people we relate to on the "same height of sight" (as we tend to say in my country). While people like us (WO's) are likely seen as freaks by normie nocoiners, they tend to keep trust to information from other normie nocoiners, which form a bigger group they feel related to, while we may seem like mavericks.
Fair enough. There surely is going to be a need to attempt to relate to any audience that we have, and surely any audience is going to be more receptive when able to relate - but I doubt that should mean that we give up and say that we are ONLY going to allow nocoiners to educate other nocoiners, because then they would be just sharing a circle of ongoing retard. In the background it's even more complicated, just wanted to highlight the simple aspects that stand out more.
To keep it short: Peeps either doing something or not, they are basically driven by fear or love. They fear (refuse) things they don't know, they love (accept) things they do know.
With almost any kind of learning, especially something that seems daunting and complicated, it can take quite a bit of time to get to various points of understanding... so sure, the more that is understood about basics, then the easier it becomes to learn more complicated ideas after gaining more foundational understandings. And, sure many times, many of us fear being overwhelmed by too much information and we have to attempt to learn at a pace that allows the information to sink in rather than completely going passed us. Strangely, my attention was always drawn to the unknown (which provided me fantastic experiences in the past and present, by the way).
Of course, some people are more adventurous than others in terms of desires to learn, and even some people who might not have tended to be intellectually curious can sometimes be brought around to increasing their intellectual curiosity after they learn some basics that they had not previously understood. Surely, people are not necessarily going to totally transform their way of being or their seemingly natural inclinations, but sometimes they will develop curiosities in areas that had previously been uninteresting to them. EDIT: Fuck, missed to break CB triplet by a minute :/
You slowpoke!!!!!!!  I see your point. Let's move away from the pyramid thing, because it's an explanation only nocoiners tend to use, anyway. THB, when i originally wrote it, i had that feeling it might go wrong a little (way less worse than expected, though). There's a big problem with education. Most people don't want to get educated, because it makes them feel dumb. ... let that sink in first. Only 10 more seconds... It makes them feel dumb because they think they already know enough about (Bitcoin. Mainly because someone, or the MSM channels they trust). So they unconsciously think if someone educates them about something they already (believe) to know, the one educating them is looking down on them. This is because most humans are still more like apes. Give em a pussy/dick and a banana, they're happy. Take their pussy/dick away (or their banana), they get angry. It's only that we all learned to communicate and imagine on a high level, which in turn built so much brain mass, that almost nobody is able to use it in a sane way. The imagination factor, in contrast to chimpanzees, makes them even angry when they imagine someone takes their banana (or pussy... you know the deal). This way, "normal" peeps are easy to manipulate. Just tell them they gonna lose their wealth when investing it into a new digital money they can't touch and spend at Walmart, and those who had it first will sell it later for them to lose. It's sufficient to put off 99% of peeps investing into Bitcoin. Repeat it often enough and they will also spread the word, effectively becoming educators themselves. So imagine AlcoHODL walks up tp these people, tells them about Bitcoin, they laugh about him, thinking to be more educated than he is about BTC. There is very little chance to make them understand even the core principles of BTC, because every explanation will trigger a millisecond response from their mind. Like "i know already, BTC is a scam, we all know. Only AlcoHODL puts in all his money, which he is gonna lose for sure. What a moron. And then he's trying to convince us... LOL" - They are not even aware of those internal responses of their mind, because they are just impulsive feelings, summaries of a contextual "knowledge" they have built over time. I was a hardcore leftie when i was young, so i learned not to trust banks pretty soon, to question WHY somebody is super successful or rich. For me, Bitcoin was a revolution in itself, as soon as i educated myself about it. Nobody walked up to me and said: "have you heard of that new internet money?". To sum it up: I'd try to convince a nocoiner about the sanity of Bitcoin one time. If he/she doesn't get it, or is already "clever enough", just like the two selfmade shitcoin traders in my lil story from two days ago, i'll let it go. If i really like or care about somebody, i'd try again after a while. Then i just leave them up to themselves, in regards of Bitcoin. |
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Shit. He wasn't that old, was he? Makes me want to watch all seasons all over again (one of the rare shows i bought all dvd's of). Jason Lee also was a successful Skateboarder, co-founded a skateboarding brand before he went doing movies through Beverly Hills 90210. https://www.youtube.com/watch?v=shKJ3kcSkh0 |
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You see, #hodl is in fact a lifestyle. You either just fit in, adapt to it, or you stay out. Now guess what your nocoiner friends/collegues/relatives are like...  Sorry to say that, but you really tried to help them, they didn't listen. Now that they are #HFSP, they have no chance but continue watching from the sideline in apathy. That comes off as an improper framework. You seem to be just reiterating the part that almost all of them believe, which is largely: "bitcoin is like a stock and if it pumps, it can ONLY pump so much, so since bitcoin has already pumped 10x, 1,000x and 10,000x - depending on when beginning the base measurement - it is not capable of pumping more; therefore, I am too late." That's not true. They are not too late. It is true that bitcoin has pumped It is true that bitcoin has pumped a lot It is true that it would have been better getting in earlier It is NOT true that bitcoin does not remain a great investment with a lot more upside potential It is NOT true that nocoiners are too late Surely, we can say HFSP (have fun staying poor) but some of those folks will still end up coming around and can still come around - even if BTC pumps another 1,000x from here (that would be $46.6 million per coin), the investment thesis for bitcoin will not disappear, even if it costs more per unit to get it.. whether merely satoshi's can be afforded that time, and our 0.21BTC or our 0.63BTC collections are looking quite sweet at those BTC price levels. Actually, some people will come around by just creating some kind of account and starting to invest $10 per week... but yes.. it is a whole hell of a lot of work, just to get them to carry out what (to us) seems to be the bare bones basics. If you want to change your life, you have to act. Waiting is a trap. Especially in regards to get into Bitcoin long term.
Exactly.. that's why some will likely act later.. they are not trapped forever in HFSP.. even though relatively speaking they are going to likely end up being less richie.. but whatever.. we can ONLY do so much to help these normie peeps.. If they are not ready.. they are not ready.. I am not going to walk them through every single step.. especially if they are making too much work for me out of the project. Of course, if they are showing interest.. and taking a wee bit of a humble pill, then yes, I will help them to set up an account or point them in a direction where they can learn more or even talk through a few of the matters that they might not want to read. but they learn by talking through the matter, but they have to take some actions rather than my having to drag them through each step... for example.. work on sending me a BTC address and then I can send you .00021BTC or something like that.. do something... do something... act excited about the info.. that's a start. I'm not in the situation to reply to all of this in detail, but i wrote in a way that kind of overexagerrated the apathy part. Now, i do think some of them will change (in figures of the 20/80 rule). Some problem with groups (co-workers) is, they tend to internally agree and sympathize, so i don't expect the co-workers are able to change their common narratives on Bitcoin. I think it works more like so: Co-worker A hears from more friends or relatives over time that they discovered, understood and had success with Bitcoin (or "crypto"). He then starts off with a little set-and-forget buy, switches to lump-sum or DCA later, makes the same mistakes most newbies made and becomes a #hodler. When he is successful and educated enough, he will probably slip into AlcoHODL's role and talk about in the co-worker circle. It really gets on like in a pyramid scheme, but we know that this comparison/term is bullshit, when it comes to Bitcoin, but at least can push more people to FOMO-in, which is the way PS's work. Atomic social systems, if you know what i mean... I don't disagree with anything that you are saying OOM.. just I am not sure why you really even need to go down the pyramid scheme analogy path - because there are some built-in appropriatenesses in using that kind of a description of how people might become more convinced about bitcoin. For sure, there is going to be some blind-word of mouth aspects regarding bitcoin's continued and ongoing adoption - and sure that word of mouth component coupled with the recognition of past profits gets some folks to either blindly go into bitcoin or to go in with those kinds of superficial ideas about helping the pump. There may well even be a whole hell of a lot of us in this thread who do not really understand bitcoin very well and we are just here because of the NGU (number go up) technology, and I am not even proclaiming that everyone necessarily needs to understand bitcoin beyond the NGU aspects of it. For sure, it is not even uncommon for a large number of folks to come into bitcoin, and really to know nothing beyond looking at the charts or some other superficial assessment. I am not really proclaiming my lil selfie to be very much of an exception to the rule except that I was already coming to bitcoin in late 2013 while looking for a dollar hedge and a gold replacement..... but even if I might have had one aspect of what I was looking for that caused aspects of bitcoin to resonate with me, I had continuously been an advocate of continuing to study and to attempt to learn as I went.. in terms of trying to get better understandings of what bitcoin was and part of my attraction to participating regularly in this forum/thread - once I was referred to it. I do appreciate how there could be various kinds of group think that could end up going from negative to positive and therefore cause a group of associated individuals, such as coworkers to transition and then ending up transitioning based on superficial (and perhaps even nonsense - get rich quick ideas that may or may not end up playing out to their favor), and sure of course, sometimes it might not even matter so much how some individuals get into something like bitcoin because there are some pretty damned strong fundamentals that are likely going to help to gravitate some of the earlier ignorant entrance to begin to recognize and appreciate Gresham's law type principles.. even if they might not be able to articulate that is exactly the sense that they are getting in regards to spending other monies prior to touching their bitcoin.. and then the more and more those Gresham's law principles become known within their consciousness and they might even state them to their co-workers, peers, friends and relatives, - causing some of the Gresham law-type principles to likely also become somewhat contagious too.. even if some of the folks cannot articulate exactly why they are choosing to spend their BTC last (amongst their various spending options) .. and maybe even figuring out ways to NOT spend their BTC until they have exhausted all their other spending options first. The "pyramid scheme" was an attempt to raise understanding WHY nocoiners still see Bitcoin as such, while the actual happenings (history) of Bitcoin show that it's not really the case. People tend to simplify (as do i in my argumentation more often than not). It's easier for them to remember the pyramid scheme narrative than educate themselves in Bitcoin, economy and sound money principles. Bringing in the "pyramd scheme argument" was a perfect move and the narrative grew successfully. Now it's harder to get followers of the "pyramid scheme conspiracy" educated. A (temporary) win for the "fiat society", because people tend to stay with simple explanations and affirmations. Most people do hard to change their beliefs. Give a simple explanation for a complex question (on a complex subject) and the most dumbest guy/gal will "understand". That is an important factor of AlcoHODL's collegues and relatives NOT really understanding Bitcoin, because they think they already do. Second biggest factor: Trust. Humans trust information more, the closer the relation is to the informer. We don't want to be alone, we don't want to decide alone, so we take over narratives from people we look up to, as well as from people we relate to on the "same height of sight" (as we tend to say in my country). While people like us (WO's) are likely seen as freaks by normie nocoiners, they tend to keep trust to information from other normie nocoiners, which form a bigger group they feel related to, while we may seem like mavericks. In the background it's even more complicated, just wanted to highlight the simple aspects that stand out more. To keep it short: Peeps either doing something or not, they are basically driven by fear or love. They fear (refuse) things they don't know, they love (accept) things they do know. Strangely, my attention was always drawn to the unknown (which provided me fantastic experiences in the past and present, by the way). EDIT: Fuck, missed to break CB triplet by a minute :/ |
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Regarding bitcoin price performance of the past month...
[...]
...some of my no coiner friends...
they don't see it,
they cannot see it
they don't want to see it
[...]
I'm also amazed at my nocoiner friends/colleagues/relatives' persistent passiveness when it comes to Bitcoin. They laughed at me in 2015, they still didn't listen to me in 2017, they started getting interested in 2020, they are more interested now, but they are still nocoiners and haven't bought a single sat! Instead, whenever Bitcoin is mentioned, they look at me like rabbits blinded by the light. Bitcoin is a strange beast. You either get it, or you don't. Maybe some kind of special brain wiring is needed?  You see, #hodl is in fact a lifestyle. You either just fit in, adapt to it, or you stay out. Now guess what your nocoiner friends/collegues/relatives are like... Sorry to say that, but you really tried to help them, they didn't listen. Now that they are #HFSP, they have no chance but continue watching from the sideline in apathy. That comes off as an improper framework. You seem to be just reiterating the part that almost all of them believe, which is largely: "bitcoin is like a stock and if it pumps, it can ONLY pump so much, so since bitcoin has already pumped 10x, 1,000x and 10,000x - depending on when beginning the base measurement - it is not capable of pumping more; therefore, I am too late." That's not true. They are not too late. It is true that bitcoin has pumped It is true that bitcoin has pumped a lot It is true that it would have been better getting in earlier It is NOT true that bitcoin does not remain a great investment with a lot more upside potential It is NOT true that nocoiners are too late Surely, we can say HFSP (have fun staying poor) but some of those folks will still end up coming around and can still come around - even if BTC pumps another 1,000x from here (that would be $46.6 million per coin), the investment thesis for bitcoin will not disappear, even if it costs more per unit to get it.. whether merely satoshi's can be afforded that time, and our 0.21BTC or our 0.63BTC collections are looking quite sweet at those BTC price levels. Actually, some people will come around by just creating some kind of account and starting to invest $10 per week... but yes.. it is a whole hell of a lot of work, just to get them to carry out what (to us) seems to be the bare bones basics. If you want to change your life, you have to act. Waiting is a trap. Especially in regards to get into Bitcoin long term.
Exactly.. that's why some will likely act later.. they are not trapped forever in HFSP.. even though relatively speaking they are going to likely end up being less richie.. but whatever.. we can ONLY do so much to help these normie peeps.. If they are not ready.. they are not ready.. I am not going to walk them through every single step.. especially if they are making too much work for me out of the project. Of course, if they are showing interest.. and taking a wee bit of a humble pill, then yes, I will help them to set up an account or point them in a direction where they can learn more or even talk through a few of the matters that they might not want to read. but they learn by talking through the matter, but they have to take some actions rather than my having to drag them through each step... for example.. work on sending me a BTC address and then I can send you .00021BTC or something like that.. do something... do something... act excited about the info.. that's a start. I'm not in the situation to reply to all of this in detail, but i wrote in a way that kind of overexagerrated the apathy part. Now, i do think some of them will change (in figures of the 20/80 rule). Some problem with groups (co-workers) is, they tend to internally agree and sympathize, so i don't expect the co-workers are able to change their common narratives on Bitcoin. I think it works more like so: Co-worker A hears from more friends or relatives over time that they discovered, understood and had success with Bitcoin (or "crypto"). He then starts off with a little set-and-forget buy, switches to lump-sum or DCA later, makes the same mistakes most newbies made and becomes a #hodler. When he is successful and educated enough, he will probably slip into AlcoHODL's role and talk about in the co-worker circle. It really gets on like in a pyramid scheme, but we know that this comparison/term is bullshit, when it comes to Bitcoin, but at least can push more people to FOMO-in, which is the way PS's work. Atomic social systems, if you know what i mean... |
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Regarding bitcoin price performance of the past month...
[...]
...some of my no coiner friends...
they don't see it,
they cannot see it
they don't want to see it
[...]
I'm also amazed at my nocoiner friends/colleagues/relatives' persistent passiveness when it comes to Bitcoin. They laughed at me in 2015, they still didn't listen to me in 2017, they started getting interested in 2020, they are more interested now, but they are still nocoiners and haven't bought a single sat! Instead, whenever Bitcoin is mentioned, they look at me like rabbits blinded by the light. Bitcoin is a strange beast. You either get it, or you don't. Maybe some kind of special brain wiring is needed? You see, #hodl is in fact a lifestyle. You either just fit in, adapt to it, or you stay out. Now guess what your nocoiner friends/collegues/relatives are like... Sorry to say that, but you really tried to help them, they didn't listen. Now that they are #HFSP, they have no chance but continue watching from the sideline in apathy. If you want to change your life, you have to act. Waiting is a trap. Especially in regards to get into Bitcoin long term. @ivomm: I hope it all turns out well for your father. Keep a close eye on your fathers medical care, some of my friends got fucked up in a hospital really bad in the past. |
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-snip-
-------
True story. Omitted many details in favor of OpSec.
So, it's not different this time... such a pity... anyways we can always try to sell at the top and buy back during the 2022-2023 bottom which is also a good thing. Just a reminder: don't sell all (or substantial part of your stash) and/or become a nocoiner/lowcoiner. In other words: don't mindrust it!  To pull a canonical mindrust you need to sell the bottom. Selling near the top doesn't really count. You're absolutely right. I am fucking tired, tbh. #hodlsleep |
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Dear diary,
today two coiners revealed themselves among my friends/ex co-workers. The friend was my former boss, the co-worker his secretary.
The boss proudly told me, he's in "crypto" now, a fantastic thing. He was showing me his trading app and portfolio (what a noob, held only shitcoins), and said his secretary is his crypto-consultant. The secretaries base currency was ETH, he is into Defi as well. I wondered why the fuck he didn't invest in NFT already, but trying to sell a shitcoin that goes to zero is about as non fungible as a JPG of a rock, i heard myself thinking.
I said: Bitcoin? They said: Nah, man. No big gains here anymore. We sell a coin when it's over 150% profit and look for the next (shitcoin) to invest in.
So i asked about the taxes, and they said: Nobody cares. I wish they would know what they think "centralized" and KYC in terms of exchanges really means, but they seemed so obsessed about their "crypto gains", i didn't want to interfere in that moment.
The portfolio of the boss was down about 50% from its recent top. I didn't see or hear anything detailed about the secretary's portfolio, neither do i know how long he already was in "crypto" before.
So it's this time of the year again. I'm beginning to doubt my beliefs about S-curve adoption and should start thinking about liquidation target prices for a part of my stash. The next bear market is coming, and a big retail FOMO move to this cycle's top should lead it. It felt like 2017 all over again, but this time i will take some dollars to buy the 2023 bottom again.
-------
True story. Omitted many details in favor of OpSec.
So, it's not different this time... such a pity... anyways we can always try to sell at the top and buy back during the 2022-2023 bottom which is also a good thing. Just a reminder: don't sell all (or substantial part of your stash) and/or become a nocoiner/lowcoiner. In other words: don't mindrust it! No worries. I would NEVER mindrust it. Because i blamed him for that move and made fun of it, i would also lose my self-respect. I would never want that to happen BUT... MOST IMPORTANT: About the half of what i consider "mine" of the stash, will belong to my children. A portion about a quarter of "my slice" is destined for my wife, plus she also holds a smaller part of the total of the stash. Since i'd not sell more than 50% of my slice, mindrusting it is close to impossible, because i will only touch a small part (#nohomo). The rest is buy-and-hodl, excepting possible financial emergencies. BTW, what's the definition of a lowcoiner? |
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I meet a lot more people somewhat into crypto these days..
I tell them I have seen thousands of alts come and go, and that I believe only Bitcoin is forever.. And I truly believe that Bitcoin is forever..
And still most of them are into coins without real value, am i right? |
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Dear diary,
today two coiners revealed themselves among my friends/ex co-workers. The friend was my former boss, the co-worker his secretary.
The boss proudly told me, he's in "crypto" now, a fantastic thing. He was showing me his trading app and portfolio (what a noob, held only shitcoins), and said his secretary is his crypto-consultant. The secretaries base currency was ETH, he is into Defi as well. I wondered why the fuck he didn't invest in NFT already, but trying to sell a shitcoin that goes to zero is about as non fungible as a JPG of a rock, i heard myself thinking.
I said: Bitcoin? They said: Nah, man. No big gains here anymore. We sell a coin when it's over 150% profit and look for the next (shitcoin) to invest in.
So i asked about the taxes, and they said: Nobody cares. I wish they would know what they think "centralized" and KYC in terms of exchanges really means, but they seemed so obsessed about their "crypto gains", i didn't want to interfere in that moment.
The portfolio of the boss was down about 50% from its recent top. I didn't see or hear anything detailed about the secretary's portfolio, neither do i know how long he already was in "crypto" before.
So it's this time of the year again. I'm beginning to doubt my beliefs about S-curve adoption and should start thinking about liquidation target prices for a part of my stash. The next bear market is coming, and a big retail FOMO move to this cycle's top should lead it. It felt like 2017 all over again, but this time i will take some dollars to buy the 2023 bottom again.
-------
True story. Omitted many details in favor of OpSec.
A funny story..we could be 2-4 mo from the top, hopefully. I "like" their lackadaisical attitude about taxes..maybe some tears will be shed down the road. No earth shaking amounts, though. But if there are many profitable trades... Poor boys going to burn their fingers a little, i guess. |
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Dear diary,
today two coiners revealed themselves among my friends/ex co-workers. The friend was my former boss, the co-worker his secretary.
The boss proudly told me, he's in "crypto" now, a fantastic thing. He was showing me his trading app and portfolio (what a noob, held only shitcoins), and said his secretary is his crypto-consultant. The secretaries base currency was ETH, he is into Defi as well. I wondered why the fuck he didn't invest in NFT already, but trying to sell a shitcoin that goes to zero is about as non fungible as a JPG of a rock, i heard myself thinking.
I said: Bitcoin? They said: Nah, man. No big gains here anymore. We sell a coin when it's over 150% profit and look for the next (shitcoin) to invest in.
So i asked about the taxes, and they said: Nobody cares. I wish they would know what they think "centralized" and KYC in terms of exchanges really means, but they seemed so obsessed about their "crypto gains", i didn't want to interfere in that moment.
The portfolio of the boss was down about 50% from its recent top. I didn't see or hear anything detailed about the secretary's portfolio, neither do i know how long he already was in "crypto" before.
So it's this time of the year again. I'm beginning to doubt my beliefs about S-curve adoption and should start thinking about liquidation target prices for a part of my stash. The next bear market is coming, and a big retail FOMO move to this cycle's top should lead it. It felt like 2017 all over again, but this time i will take some dollars to buy the 2023 bottom again.
-------
True story. Omitted many details in favor of OpSec.
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Yeah... software raid seems to be the best right now. Some systems like old refurbished servers from HP and Dell, don't really allow you to not use the built-in hardware RAID, but you can always just configure it as JBOD or something and let the software handle the raid.
Then there's unraid and freenas / truenas.
And Nas4free, the open source heir of freenas, based on FreeBSD and rock solid. Like FreeBSD itself. So, software raid is fine for home use, but it's a coin flip when it comes to recovery. Again: Ask Bob (maybe he didn't delete the thread) |
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Woke up for something.
Not to check the bitcoin price,
I’ll spare the details.
Take a piss? We're getting older |
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On another note, I am waiting on 3 new 1TB SSD drives and a dedicated UPS. Will be running them in RAID 1 with one spare, not much progress for now. box setup will be i5 (8th Gen) and 16GB RAM
cAPSLOCK, did you have your bitcoind running on the same box as lnd or they are separate?
I am planning on running this on Linux not Windows. I haven't had a full time linux box in the house since Slackware 13.37.... hmm just notice Slackware last major release was 2016...
Real servers run real UNIX (or Linux). I would reconsider the SSD and use spinning discs. SSD's are shitty when it comes to data recovery and "disk crashes". i would also change the drive firmware to less frequent head parking values, to minimize wear on the drives. Lately, espicially since introduction of "green drives", manufacturers try to save power by parking heads in much shorter intervals. jBreher would know a lot more about that, iirc. three SSDs in raid 1 with a hot spare.. seems pretty solid setup to me but im no expert. as far as data recovery with lightning wouldnt that be useless anyway? as by the time you could recover the lightning data the channel would be closed on the other end anyway. wouldnt it? not too familiar with lightning. Fair point, don't know it either  If your raid controller fails, it's hard to get data off a single mirrored drive with most manufacturers, and software raids, too. (Ask Bob*) I only know of one brand (Promise) where one was able to just mount and read a single mirrored disc on any IDE controller. That was in the 90s, though. I'd run the system on single ssd, because if it breaks, i'd just mount a periodically updated shadow volume copy. Question: If you have an older version of the blockchain, would the blockchain file be synched when the node joins the network, or will it be downloaded again? Question2: Doesn't a Lighning node need a local copy of the chain, too? * Speaking of Bob, i hope he's doing well with the fucking virus. Any news since before the weekend i might have missed on his health condition? |
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20 million sats of lightning channels opened to IBEX and OpenNode.com today to support El Salvador.
I'm not buying the dip. I am building the future.
Will be adding to that in the next few days. Starting my own lnd node. We should create a WO LN Channels. Create a WO web of LN Channels That's a GREAT idea! If each new "member" of the club just opens a channel to the last member we could make a big ring of liquidity. Particularly if we set WO channels to zero fees. This site sort of is based on a micro version of that idea, and I find it to be an interesting strategy. I joined a few of the "swaps" here: https://lightningnetwork.plus/swapsWe should create a Hub and Spoke Channel, this way there is some redundancy in the event a node with in the WO web is unreachable. I was thinking 4 channels to other WO LN members and 3 channels external... this will give you at the magical 7 degrees of separation. On another note, I am waiting on 3 new 1TB SSD drives and a dedicated UPS. Will be running them in RAID 1 with one spare, not much progress for now. box setup will be i5 (8th Gen) and 16GB RAM cAPSLOCK, did you have your bitcoind running on the same box as lnd or they are separate? I am planning on running this on Linux not Windows. I haven't had a full time linux box in the house since Slackware 13.37.... hmm just notice Slackware last major release was 2016... Real servers run real UNIX (or Linux). I would reconsider the SSD and use spinning discs. SSD's are shitty when it comes to data recovery and "disk crashes". i would also change the drive firmware to less frequent head parking values, to minimize wear on the drives. Lately, espicially since introduction of "green drives", manufacturers try to save power by parking heads in much shorter intervals. jBreher would know a lot more about that, iirc. |
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Q: can @jjg get moar stupenings per sq meter of the posting space?
A: yes, he/she can
Someone is consumed by emotions..unable to recognize a simple fact that bitcoin returns THIS year suck big time, but it might change starting in October.
Dominance decline (with no reversal) surely indicates a multi polar world where bitcoin is just one big actor.
As long as bitcoin stays above 50%, there is always a chance that other projects functionality would be folded into bitcoin.
At 40%-still a small chance, at 35% almost no chance and at 30%-no chance.
It is what it is, and I still have much more than 40.7% allocated to bitcoin (more like slightly below 60%) so you can call me "overweight" in bitcoin, but I am not going to sit idly twisting my thumbs and doing retarded sell outs-sell ins (in and out of fiat) which some people here are proposing.
In fact, @jjg probably cost many millions in lost opportunity to those who listened to his/her diatribes in the last 9-10 mo or so.
If all alts suddenly collapse, that would be even better still since the majority of my cryptocurrencies (or maybe you like to call them "virtual currencies", lol) are in bitcoin and my cost in btc and alts (aka "shitcoins") is now below ZERO. I am playing essentially with the house money....for the win.
Honestly, ETH (#2 of the market) constantly loses against BTC since its last major ETHBTC pump. Sure, while there are other, younger smaller capped shitcoins as well that take up a fair amount of the market. However, i think this is just noise, and ultimately many shitcoiners aim to get more BTC, some more are just bagholders with also some of their wealth already in BTC. Now, when is the best time to sell for shitcoin traders? When BTC is well below it's peak price target, compared to future cycle ATH (let's assume our favorite twitter analyst calls $180k, fpr example). When BTC starts going parabolic again, many traders know they will most probably lose money against BTC, so the selling starts on spot, which lets BTC price go up moar, Along the way, a good part of the shitcoin bagholders also sell, in face of their shitcoin's value decreasing, against BTC and even more against USD. What about the shitcoin holders aka "diamond hands"? Well, sorry, maybe your $SALONA will go up next time after Bitcoin's ATH. Maybe you should have sold and hodl king daddy instead.. |
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$43k somehow seems attractive. Why?
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Newbie trader in bitcoin  A bit of an exaggeration, no? It's fake anyway. No power cord plugged in. |
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Making BTC as legal tender = Basicaly a president trying to Manipulate the Price Point into his Favor 😂. PRESIDENTIAL FUCKERY
El Salvadorians : Get that shit out of our Country 😂😂😂
Really? So what are u doing here? Why do you beg in BTC? Just write you need $150k urgently as simple as that. GTFO! That is why the price dumped so hard the exact same day.. By showing any government can swing the price on a whim for their own plan of manipulation. Pure fuckery indeed. That's exactly what the "manipulators" want nocoiners and dumb peeps to think. Turns out, it works (in your and eXPH's case at least). |
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Legit point, DF. Not because every Nike shoe i put on my feet starts to stink after a short while. Even Nike Skateboarding models, of which i got a pair since three years now. Not that they are so durable, but i use em only to mow the lawn. Skating in them makes me wanna put them outside in the sunlight for two weeks Same thing happens to me - 3weeks and the shoes are outside the back door . Only trainers I can wear are Adidas or ASICS- give them a try No worries, i'm a Skater. I wear Etnies and E's since decades... I like Cupsoles and the Nike SB was a single attempt to try a shoe with a vulcanized sole again, mainly because of better board feel but also with sufficient shock absorbance through their superb insoles. Asics are too wide for my foot, as are Vans. Maybe i try Adidas in the near future just to not leave em out. I wore Adidas shoes in 1988 last time. Seems like "the market" still wants to suppress Bitcoin's price climb, eh? I like DC hightops.. Not a great skater, but likely top 10% for my age easily.. I had a longer break of boarding because of working my ass off, but i always kept skating in my mind, whenever i saw a sweet street spot or park. Then i got sick, exhausted and also developed balance problems. After the fatigue was almost gone, i started skating again to improve my balance. I resumed doing flatground tricks as a logical consequence, then slided and grinded small ledges and taught skateboarding to my kids. I just stayed at this level. No more big jumps, deep drops or flips down stairs for me, sometimes i do only the most basic of lip tricks in concrete parks, but i have to have the horizon in my view or i lose balance and that means slamming most of the time. As soon as of October-November my knees and ankles start to hurt too much from ollieing, so it's winter break for me. Sk8 or die |
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Seems like "the market" still wants to suppress Bitcoin's price climb, eh?
None of this seems unusual to me... Yeah sure we had some downward opportunistic inclinations, but what the hell do you expect after a 85% price increas in about 6 weeks or so and really nothing greater than a 12% price correction during that time, so the mere fact that we have a 19% price correction, so far and a bouncing around in around a 11% to 15% correction arena does not seem unusual at all, even if you might be trying to assign some kinds of conspiracy/manipulation events/actions to it, and even that some other twats might be making similar kinds of lame claims.. I am pretty convinced that derivatives hinder growth. I don't know how much, but since CME/CBOE things run different. Still, older factors have been removed, some are hovering (MtGox)... What i know is that simple answers to questions about complex systems are mostly always wrong. So much for the conspiracy theories. EDIT: And leverage. Did i mention leverage, yet? no? |
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