Thats what the smart gambler does.
Isn't that an oxymoron? |
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Good morning Bitcoinland. Sideways 'r' us... currently $9295USD/$12650CAD (Bitcoinaverage). At least it didn't drop down after the halving like some predicted. This could be a long summer though. I guess we'll have to wait and see. I was very surprises how high interest bank still take fro lending out money while they get money for no interest them self. I guess in the future bank loans to actual people will have to get to zero
Why does this surprise you? This is how banks make their money. The only way consumer rates could ever get to zero would be for central bank rates to go so far negative that competition between banks forced them, and in that case inflation would collapse the system. Banks aren't the only ones. All usury-based businesses work on the same principles. The first thing they taught us at the insurance company where I had the second of the 3 jobs of my youthful employment folly, was that they didn't make money from paying out less in claims than they collected in premiums. They actually paid out slightly more than they took in. It was all about using the policy holders' money. Likewise, how do you think Robinhood can offer no-fee trading? It's all about usury. When you buy a home on a mortgage, you aren't buying a home for yourself. You're using your down payment to buy a home for the bank and then renting it from them. I suppose negative interest rates for the banks are just another form of subsidized housing. Eventually it falls on the taxpayer. |
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Good morning Bitcoinland. Still going sideways... currently $9370USD/$12710CAD (Bitcoinaverage). For those who think my travels have something to do with Bitcoin's price, you'll be happy to know that we're booked to fly north in a couple of weeks. Toronto's covid shutdown is loosening and its spread is decreasing, while our village's isolation is ending as Mexico's numbers are skyrocketing. It's nowhere near as bad as in the USA, Brazil or Russia, but it's time to move on. It's also getting too hot, too rainy, and too buggy here. Ontario's weather should be nice. Thanks for the link. I was aware of the Alto's existence but had never seen one in action before. This was 2 years before Microsoft and 3 years before Apple began. It was even a couple of years before the Homebrew Computer Club. Pretty amazing. I'd had my mind blown by what I saw running on a PDP-8 at the Stanford Artificial Intelligence Lab in 1968 but for only 5 years later (things moved slower then) this was incredible. Always got a chuckle out of Mac devotees thinking that Apple invented the GUI and mouse. |
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One last thing. Apply the "follow the money" principle. Just check to see if there's money involved and whether or not the person giving you advice has some monetary gain from persuading you to follow his methods. Steer clear from cases where you need to buy some "magic supplement" that will make you healthy, or otherwise having to pay someone for health services that are not scientifically proven.
I forgot to mention in my earlier post that you have to watch out about that. It's a 2-edged sword. The cultists like to use corporate profiteering and monetary incentives to doctors to justify hating Established Medicine and Big Pharma.  |
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Good morning Bitcoinland. Still going sideways in mid-$9xxx boredom... currently $9420USD/$12777CAD (Bitcoinaverage)' Life goes on. Hodl and be happy. @Tash: I was on the same path until about a decade ago, tried a lot of fancy "magic" stuff, tried to convince other people of how silly they are not to go "alternative" and throw their money at scammers that are actual doctors.
Let me tell you this: It didn't work. The only people i knew that claimed that it works either had no real health problems or took money for their alternative product or service. Some of the first group had health problems afterwards. Most risks are well documented.
This is a wakeup call from Morpheus. It's up to you if you take the red or the blue pill.
There's no sense trying to reason with those so brainwashed their minds are locked shut. They're right and everyone else (except other devotees) is wrong. They'll tell you that "common sense" dictates that the world is flat. They know the difference between "real" lettuce and the other kind. Unreal lettuce? Sigh. I have a cousin, same age as me (in his 40s), who's eating more or less like Tash describes. He is totally against conventional medicine and into natural remedies, herbs, etc. He's also a vegetarian.
-- Half his teeth have fallen off. Even most of the front ones, but he refuses to go to the dentist (he's against doctors).
-- His Hematocrit (blood HCT) is below normal (around 30~35%).
-- Although he is very fit (he exercises a lot), he looks malnourished and unhealthy.
Several years ago, I was suffering from a serious, life-threatening condition, that required taking some nasty, very strong chemicals. My cousin strongly advised me against it, and recommended some special herbs. After researching all of my options, I went ahead with the medical treatment as advised by my doctor, and I'm now in perfect health. Had I followed my cousin's advice, I would probably not be alive today.
Just a word of caution, don't experiment with your health based on what someone has told you, or what you've heard, or read on the net, without hard, scientific evidence. Eat what you like, enjoy your food (your body itself will tell you what is good for you), just don't overdo it, as with most things. Most importantly, don't listen to anyone claiming he has the solution to all your health problems, without researching it thoroughly by yourself.
One last thing. Apply the "follow the money" principle. Just check to see if there's money involved and whether or not the person giving you advice has some monetary gain from persuading you to follow his methods. Steer clear from cases where you need to buy some "magic supplement" that will make you healthy, or otherwise having to pay someone for health services that are not scientifically proven.
I have similar anecdotal experiences. I had several friends who distrusted "big pharma" and the entire established medical profession. One even used a pendulum like a diviner to "cure" diseases. Needless to say, he and most of the others died early deaths. In the real world, there are causes and effects, although they are not always obvious and can be confused with coincidences. Common sense can indeed be used for health if you wade through all the misconceptions. A few years ago, I discovered I had hepatitis-c (for who knows how long?) and my liver took a beating.I enjoy alcoholic beverages. Luckily, Big Pharma came to the rescue. Seems that by culturing hep-c virus in vitro (thanks to a technique developed in European universities), American Big Pharma was able to identify a protein required by the virus for replication, while being unnecessary for humans, and developing a blocker. Luckily, I live in a country that doesn't depend on insurance companies for health care. I took a pill (Zepatier) every morning for 3 months. It was like taking a vitamin pill... no side effects. I didn't even have to quit drinking booze. Before starting treatment, my AST levels (standard liver function blood test) were over 300. 20 is considered normal and 40 is red line. After a month my AST had dropped to 20 but we continued treatment for the full 90 days. Comprehensive testing after 90 days indicated no hep-c virus remaining. We tested again after 90 days more and again 60 days after that. Still no hep-c. I thanked my hepatologist and wished him a happy retirement. Thank you Medical Establishment. Thank you Big Pharma. From my late teens to my early fifties I didn't go to doctors except to get stitched up, have my bones screwed back together, or get prescribed antibiotics after consorting with the wrong women. I'm a great believer in diet, exercise, and a healthy attitude. I figure that if hypochondriacs can make themselves ill with the sheer power of their own brains, we hyperchondriacs can make ourselves well... to a point. Placebo effect is a proven and long established phenomenon. It's the reason for experiments being double-blind. It only goes so far though. There are times when outside intervention is required. |
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There are many pseudo-sci cultists who think that colloidal silver is some kind of panacea. There is little or no scientific evidence to support most of this nonsense. It's really just an invitation to argyria (blue skin).
Fun fact... Colloidal silver is used to force female cannabis plants to produce pollen. When this pollen is used to pollinate other females the resulting seed is “feminized”... i.e the seeds will only generate females. Always wondered how the phuk some genius came up with that seemingly insane concept (but it works) Cool. You learn something every day. I always wondered how they "feminized" seeds. I'd thought that maybe it was just a case of identification and selection or maybe hormone treatment. Induce hermaphrodism and let y-chromosome deficiency (sorry girls) do the rest. Makes sense.  Still doesn't explain why the silver induces the hermaphrodism though. |
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Silver is anti bacterial, pretty magical but its for bad burns and difficult wounds that might go sceptic. Ingesting silver or gold, I'm thinking of some case where a dude turned blue I think silver can prove toxic as it has some reaction. Gold is used on food in Japan and a couple other places, imo dull but if any metal is going to be ok I guess its a non reactive one but silver we know does oxidize some. Silver in tanks of water is used to slow down fungi growth, bacteria when we still had useful money i read the silver coins were used in bottles of milk to slow the spoil from bacteria. I wouldnt eat one though :p
Silver indeed has antibacterial properties. I was prescribed topical silver treatment along with iodine-based treatment (not at the same time!) for a bad leg infection several years ago. It also has its dangers. When the wound specialist at the hospital found out that one of the nurses at the wound clinic had used silver on me without consulting her first, she hit the roof and stopped the silver use immediately. After running a series of tests, she restarted the silver treatment but at a lower concentration. Silver is not something for self medication. See a doctor. There are many pseudo-sci cultists who think that colloidal silver is some kind of panacea. There is little or no scientific evidence to support most of this nonsense. It's really just an invitation to argyria (blue skin). |
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Majority of sicknesses including Covid is nothing else as wrong nutrition. Daily intake of about 70% alkaline and 30% acidic food and anyone is as strong as can be. Flu, Covid, Common Cold.... not a worry. Like a 2 component glue if mix according to instruction its hold well, if mixed wrong and 90% hardener is used or something crazy it will break at first sign of stress. Acidic food: Seafood, Meat, Cheese, Grains (Wheat, Rye, Rice..), pasteurized food, Milk, Pale Beer, Carbonated drinks (sparkling mineral water, Coke...) Alkaline food: Fruit, Vegetables, Herbs/Spices, natural fermented food, Honey, Some Nuts (Chest, Pine, Coco, Hazel, Macadamia), Wine, Draft Beer, Stout Beer, Coffee, Tea... What else is Acidic, Face Mask as exhaled CO2 (acidic) is partly re-inhaled because mask prevent it from being proper exchanged for fresh oxygen. Healthy blood pH is 7.35 - 7.45 slight alkali, 7 is neutral, 0 max acid, 14 max basic (alkali), log scale WTF kind of weird science are you on? Last time I checked, the neutral level on the pH scale was 7. Anything below was considered acidic and anything above was considered alkaline. ALL fruits and vegetables have a pH of less than 7, most fruits are extremely acidic. Did you just make this up today? This is surreal. Please stop "helping" us. N.B. It's a good idea to eat fruits and veggies. Do not ingest glue and/or hardener or subject yourself to stresses that will break you. disclaimer: I am not a pharmacist.Isn't pseudoscience hilarious? What's next? Colloidal silver cure-alls? Turmeric with cider vinegar for longevity? The anti-carcinogenic effects of chanting mantras? I was already laughing before I even got to the part about fruits being alkaline. Lawl. I think I prefer actual double blind controlled experimentation, analysis of the microbiological chemistry of pathogens, and development of blockers for necessary chemicals required by these pathogens. Yes, good diet is important but that has nothing to do with pH hocus-pocus. It has more to do with a good variety of fresh foods in moderation, with minimal processing. |
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TA doesn't apply to Bitcoin.
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Good morning Bitcoinland. Still stuck in the mid-$9xxx doldrums... currently $9555USD/$12915CAD (Bitcoinaverage). Tumbling tumbleweeds. Need moar coffee please. Nothing like M0ar corporate welfare to bail out the so called capitalist leaders of the world that can't stand on their own 2 feet.
Corporations are just collectivist organizations like banks, communist parties, unions, or religions. |
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This thread didn't exist in 2012.
was the other thread, technicality True. I thought about that, the original non-self-moderated 1000 post AdamSTGbit wall observer thread. Tried to find it to see what it was doing in 2012, but couldn't find it. Do you mean this one? Wall Observer - MtGoxUSD wall movement trackerhttps://bitcointalk.org/index.php?topic=85687.0Yes, exactly. Thanks. Ahh the memories. Toward the end it had become a lot like what this thread eventually became. Sorry Adam, your attempt to make a strict wall observance, no off-topic thread was doomed to fail. All you did by making it self-moderated was to keep it free of traditional moderation. The old thread was the embryonic version of this one. |
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This thread didn't exist in 2012.
was the other thread, technicality True. I thought about that, the original non-self-moderated 1000 post AdamSTGbit wall observer thread. Tried to find it to see what it was doing in 2012, but couldn't find it. |
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I can't recall this thread ever being so dead and there were more boring times.
2015 was pretty dead 2012 was pretty dead This thread didn't exist in 2012. |
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Good morning Bitcoinland. Missed most of yesterday due to taking a trip to look at some acreage we'd been offered at a great price. Seems we dipped down under the veggie line and bounced back up again... currently $9280USD/$12640CAD (Bitcoinaverage). Vegetable support line seems to be holding. Go Bitcoin go. Bulls. You'll make a shit when you don't have a capital to educate yourself for beginners. It's like saying you should run and win a race if you're good enough even if you're way behind on starting point.
Capitalist systems, specially the one in USA are made for rich to stay rich and poor to be their legal slaves forever. Sure, there will be one, two or 10 examples of people coming out by some strange way, but 99.99% of them will always serve their masters as they just didn't have a chance to do anything different. The rich will educate their kids ant best universities and prepare them to take over as next generation leafders and the rest will continue to eat their dust.
You think some poor guy coming from poor neighborhood have a chance of coming with covid-19 vaccine, either as owner of the company or as one of lead scientists working for it and make billions/millions from that business? He has my arse. He neither has a chance to educate himself to come close to those circles or to have a capital to be an entrepreneur behind it.
Sounds like you've been brainwashed by diploma/employment propaganda. Keep thinking like that and you'll always be a peasant... a wage and debt slave. Be your own business. Be your own bank. You don't need "capital to be an entrepreneur". You need clarity and ambition. You don't need a university to educate yourself. I used to say that all you needed was a library card. Now all you need is an internet connection. Stop whining about not starting out with as much as someone else. Personally, I think starting out poor and making yourself rich is a lot more fun than starting out rich and becoming anything except richer. Bouncing a few times between poor and rich makes being rich even more fun. Whining is just making yourself miserable. Life's too short. Nobody starts at the top. If shit needs shovelin' then make your living shoveling shit. Once you learn how to that efficiently, teach someone else how to do so as well. Employ them in the shit shovelin' business. After going through a few shit shovelers, mostly who would rather whine than actually work, you'll develop some managerial skills and money management skills. Which are transferable skills which will allow you to build a veritable shit shoveling empire.
Don't shovel shit at me telling me there are no opportunities. Plenty of shit in the world needs shovelin'.
And don't whine about not being able to afford a shovel. Use your hands until you've saved enough to buy one. Unfortunately there's not many economic opportunities that involve swiping a fondle slab 24/7 and a 30 second attention span.
No freaking kidding. |
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Good morn Bitcoinland.
Nine three seven three dollars
(Bitcoinaverage).
It's bouncing along
Going basic'ly sideways
Yet another day.
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You still have to trust the bank.
There's no bank in this case. It's just you, the seed, and mathematics. No 3rd party to trust. The hardware manufacturers and their firmware? |
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The creation of wallets on computers, using of printers, etc. is potentially a risk if they fall into hacker's hands. Using the phone to take the picture of your paper seed and paste it in the app is also a risk. The pics may be uploaded in the cloud, etc. Typing your seed on a computer also is a risk of course. You never know what the trojans are capable of. There are hundreds of other risks related to router hacks, etc. I really don't see how one can claim paper wallets are 100% safe.
I would never use an internet-capable computer to create an address. I also am aware that print spoolers can be hacked so I use a printer that has never been, nor will ever be connected to an internet-capable computer. Nothing is 100% safe. Paper can be stolen or lost in fires or other disasters, whether it's keys or seeds. Same with devices can also fail. Anything online is of course extra unsafe. Splitting your keys, encrypting them, duplicating them, and keeping them in multiple off-site locations is as close to 100% safe as you can get. |
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No kidding. Not your keys, not your coins. Seeds are not keys.
I fully agree with everything you've said, except the above. If you can go from your seed to your keys in a deterministic, well-defined and publicly known way, then the two are equivalent. Seeds are keys.It's exactly like the difference between a key in QR code form and in alphanumeric form. They are the same, just expressed differently. As long as I have my seed, you can take my Trezor and crush it to little pieces. I still have my keys (encoded in the seed) and can use several methods (a new Trezor/Ledger or any other h/w wallet, Mycelium or any other s/w wallet, I can even do the calculations myself) to gain access to my coins. And no one has to (and should ever) know my seed, except me. The entire process can be done completely offline. Having said all the above, I do believe it's good advice to use paper wallets, especially for the non-technically literate coiners among us, who can easily fuck things up by doing something stupid with the 'puter, just like a kid can be injured by playing with a sharp knife (not the knife's fault). Sure, the seed could be thought of as a key, but I see it more as the seed being the key to a safe deposit box in which you keep your other keys. You still have to trust the bank. |
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A fool and his Bitcoins are soon parted. Noticed this in the comments: I've always been skeptical of hardware wallets. It gives a false sense of security. No kidding. Not your keys, not your coins. Seeds are not keys. What's so hard to understand about creating and keeping your own private keys to all your Bitcoin addresses? I guess some people just have a fetish about devices. "Paper" wallets FTW. |
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