A fool and his Bitcoins are soon parted.

Noticed this in the comments:



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.

Good morning Bitcoinland.

Another day of sideways I see... currently $9445USD/$12835CAD (Bitcoinaverage).

Action soon? Real action or just some bouncing up and down and ending in the same place?



This is why hodling is not about strictly refusing to sell. It is about not selling unnecessarily, not selling because of the price, or to take some silly fiat "profit".  It's too bad you had to sell it all though.

What's the point of wealth except to improve your life? Avoiding homelessness and starvation is a major life improvement.

Don't worry. Covid will pass. Other employment (or better yet, business opportunity) will come your way. You'll be able to buy more corn.  Some day you'll be able to tell people about the time when you could buy a million satoshis for only a hundred bucks.

After you've been rich and poor a few times, you stop worrying about it and enjoy the ride. It's kinda fun sitting around eating filet mignon and reminiscing about eating Oxo porridge or using old take-out squeeze pouches of ketchup on stale (20 minutes to cook it soft) spaghetti, because you couldn't afford real sauce.

You're absolutely right. Life is more important than money, including Bitcoin. Enjoy it while you can.

Amen. I was aware early how much of a performance bottleneck storage was.

Remember the Gigabyte iRAM PCI card (https://en.wikipedia.org/wiki/I-RAM) proto-SSD? It was a little too pricey and way too small for me. Also it was VRAM.

At that time I dreamed of flash memory fast enough, capacious enough and cheap enough to boot from but it wasn't until a couple of years later that I got my first Memoright (https://en.wikipedia.org/wiki/Memoright) 32GB SLC IDE (PATA) SSD. WinXP booted up really fast.

By the time IBM and OCZ bought out their first consumer/retail SSDs, I was an old hand, an avid poster on the OCX SSD forums and hanging off every new advance in wear-leveling, controller parallelism and garbage collection.

My big breakthrough was acquiring 4 original 120GB Vertex SSDs to put in RAID-0. What a disappointment to run the benchmarks and find out the array had been bottlenecked by the southbridge. Bummer. I bought an expensive PCIe RAID card and after an agonizing driver ordeal, I finally booted from an array with gigabyte/sec sequential transfers and ludicrous (I forget the actual numbers now) 4k random reads and writes.

Then I moved up to OCZ PCIe Revo Drives 1, 2, and finally 3, which is in my i7-2600k system. That's all obsolete now, of course. My current laptop uses M2 NVMe.

Gotta move with the times.

Good afternoon Bitcoinland.

Still bouncing in the mid-$9xxx range... currently $9479USD/$12866CAD (Bitcoinaverage).

Definitely boring.


I was going through a bankruptcy when I needed to update my old Pentium 100MHz Win95 machine with 8MB EDO memory.

I bought the cheapest socket-7 mobo that supported  both EDO and SDRAM since I couldn't afford to upgrade everything at once. so I started with the mainboard. I bought a brand spanking new Shuttle HOT-591P Super-7 mobo (https://www.anandtech.com/show/134) with all the latest connectivity, even a newfangled AGP slot. It was a fraction of the price of anything comparable.

Next came the SDRAM (a whopping 32MB!) and then eventually a shiny new 400MHz AMD K6-2. I was in heaven. My new machine screamed.
Gradually I increased the amount of RAM to the maximum the VIA MVP3 chipset would support... 256MB.

One day a friend came over and angrily asked why my el cheapo AMD K6-2/400 was so much faster than his brand new expensive PentiumIII/600. I asked him how much memory he had. Seems he had the 64MB it came with. Nothing like undue pagefiling to slow a system down.

Years later I went through the same thing with SSDs. People were spending money upgrading their CPUs when they weren't what was bottlenecking their systems.

I'm still using my ancient Core i-7 2600k system until it doesn't do what I need. After that it's Ryzen all the way.

I wouldn't get worried about that CHAZ shit. It's basically just a bunch of kids having fun by taking themselves seriously.

It's really no different than the hippies having a love-in, while it lasts. Eventually it will burn itself out and they'll go home, but some real good may actually come of it. The worst thing is to let it become a Kent State.

Let them paint slogans on the street or pass out flowers or whatever. It's the way the grown-ups react that will have the lasting effect. Eventually the Vietnam war ended and Tricky Dicky resigned in disgrace. Let's see how the bumbling reality-TV actor does in this fall's election. Let's see what anti-law-enforcement-brutality legislation results.

It's not worth the stress of anger.

How can you be angry and gay at the same time?

I hear ya. Things have been tough around here with liquor sales banned and travel restricted due to covid.

Managed to score 3 bottles of Cuervo Especial a few days ago but it's been a couple of weeks now without cerveza.

Hopefully I'm getting 3 dozen Bohemia Oscura delivered in about 4 hours. Fingers crossed.

Meanwhile, we're back in the mid-$9xxx range again. Bouncy bouncy. Ho hum.

It's too hot to do any work. Una cerveza friga would sure go good now.

No. It originated in the autumn 2013 bull run when Bitcoin first hit $300.

It represented about double the ATH from the spring 2013 bubble, so it was deemed important by many, just as $3k was in 2017.

Many feel that way now about $50k.

Good morning Bitcoinland.

Bouncy bouncy. After briefly touching 5 digits we're back in the mid-$9xxx range again... currently $9635USD/$13006CAD (Bitcoinaverage).

Did someone mention boring?


Ahhh. The memories.



An historic event in Bitcoin's history, the slaying of Man-Bear-Whale Oct 6, 2014:

https://vimeo.com/273629899

I got lucky and watched it as it happened.

Spartan support at $300.

Cleanliness counts. The first I tried was made in Switzerland at Sandoz Labs and imported by Stanford University for research purposes. It made its way through the Pranksters and the Acid Tests to the group of beatniks and proto-hippies who eventually became Haight-Ashbury.

Nobody really knew what doses to use but 500mcg was common. Needless to say it was very pure. After that it varied. The Grateful Dead's roadie/soundman Bear (Owsley Stanley) made a batch after the Sandoz stuff ran out and he mixed amphetamine with it to give a more "up" trip.It was fairly pure other than that. After that, I got what I could at varying purities and strengths.

Luckily we got a pretty good supply of Apperson/Pickard crystal acid in Toronto because one member of their organization (an ergot agent in Eastern Europe) lived in Toronto and while most of their product was shipped directly to Europe (for security reasons), employees were paid in product. The closest I got to it was to supply beverage-grade ethyl alcohol (unavailable in Ontario at the time) for them to turn the crystal into "liquid acid" for distribution. It was always of the purest grade.

In the 1980s my friends were making even-soak blotters on unmarked white blotting paper at an accurate 100mcg per 1/4" square. Because it was so pure many people didn't get much more "effect" than they did from a 30mcg hit of biker acid. Poorly manufactured or stored LSD deteriorates to strychnine which increases hallucinations and disorientation without adding any psychedelic effect. It also causes cramps.

The Apperson/Pickard people were motivated more by altruism than money. Unfortunately they finally got busted near a repurposed missile silo in Kansas early this century and the quality of available acid hasn't been the same since. Fortunately, all my friend was far enough away to not get busted but he did run off to the mountains of Mexico for a few years. Luckily my acid days were already long over.

Acid is a young persons game. After you get the message, hang up the phone.

I was reborn on LSD in the 1960s.

Does that make me Generation X?

If I took 500 mcg (oh for the Sandoz that used to come in through Stanford) now would I become Generation Alpha?

 

Back in the 1960s we used to say, "you can't trust anyone over 30".

 

Good morning Bitcoinland.

Still going sideways with a little bouncing... currently $9728USD/$13060CAD (Bitcoinaverage).

Go Bitcoin go.


I don't think Germany is technologically behind just because internet/telephone service prices are high.

These high prices are due more to corporate profiteering and price gouging. People will only pay what they can, so in poorer countries rates are much lower out of necessity.

I see the difference in my travels between Canada and Mexico.

In Toronto prices are ridiculously high. The cheapest mobile plans start at about $30CAD/mo with data extra, and landline internet starts at about twice that.

In Mexico I pay $100MXN ($5USD) for 21 days of mobile pay-as-you-go including unlimited calls anywhere in North America. Unfortunately I have to travel to another town to use it.

Unlimited internet via transponders mounted on poles costs $300MXN ($15USD) per month. Unfortunately service is spotty. The guy who built the local network (David) has limited resources, so any power outage means an internet outage and any equipment failure can take hours or days to fix. The recent internet  problems and 2 day outage we just had were due to a series of fires damaging some hardware and a lack of funds to buy replacements, combined with covid-related travel restrictions. Seems many people couldn't afford to pay him this month due to covid-related poverty. Unlike sleazy corporations, David didn't cut anyone off. He borrowed money to replace the equipment.

High rices aren't a sign of technological inferiority. It seems it's just the opposite.

OK Snowflake.

Do you have a reading comprehension issue?

I clearly explained that the welfare state existed long before boomers.


You think you know what the "vast majority of boomers" is? Pardon me if I laugh again.

How many decades have you been observing boomers in how many thousands of localities for you to be an expert on boomers?

It's easier for a boomer to be an expert on snowflakes than for a snowflake to be an expert on boomers.  


Now you're finally starting to make sense.

Good afternoon Bitcoinland. Finally got some internet connectivity after an outage of almost 2 days. The trouble I had connecting to some sites that I posted about 2 days ago was just the start of a total breakdown. No internet means no contact with the outside world here. Thank gawd for large MP4/DivX collections on external SSDs. Thank you Bittorrent.

As it is, I didn't miss much in the world of Bitcoin. After a bit of bouncing, we're still in the mid-$9xxx range... currently $9708USD (Stamp). Can't quote Bitcoinaverage because it's one of the sites I still can't connect to.

Go Bitcoin go.


Lawl. Which taxes exactly did boomers "impose on all of us"? The most evil of taxes, income tax, is centuries old in Britain. Even in the USA, the 16th Amendment is over a century old. The free government spending of the New Deal started long before the boomers were born. Boomers are victims just like everyone else since.

As for boomers being narcissistic, look who's talking. Boomers aren't the ones referred to as "snowflakes".

Boomers were about change: civil rights, the sexual revolution, the peace movement, the counterculture, rebelling against the military industrial complex, etc.

Look elsewhere for scapegoats.

Anyone else having problems connecting to bitcoinwisdom.io or bitstamp.net?

I ran the win7 connectivity troubleshooter and it says I'm properly configured but microsoft.com isn't responding.

I'm able to connect to some sites just fine. I'm assuming it has something to do with my ISP but I can't contact him without leaving the safety of our property, crossing town, and taking a chance that he's home.

I'll try some other price tracking sites.

Good morning Bitcoinland. Missed yesterday due to day-long power outage from Tropical Storm Cristobal. Wind and rain galore. Our backup generators don't help our internet connectivity when the local service provider (a guy named David) has no power.

The price of Bitcoin didn't seem to move though... still in the mid-$9xxx range... currently $9670USD/$12980CAD (Bitcoinaverage).

5 digits soon... please?
_____

As for the new poll, I voted 1-10%.

That's about what I would spend anyway to maintain my comfortable lifestyle.

10% is more than I've already spent in total.

My bitcoins are for holding.


If the military should be called in, it should be against rogue law enforcement who answer protests against law enforcement brutality with more law enforcement brutality.

I should never be used against the public, especially protesters.

Individual officers/agents must be identified and personally held accountable. They shouldn't be allowed to hide behind their badges and uniforms.

Don't give us any of that crap about "just following orders". Nuremberg indeed.

The new wealthy elites. Hodlers.

Meanwhile: $9888 Stamp.

C'mon 5 digits.

Good morning Bitcoinland.

Bouncing along and creeping up again, I see... currently $9802USD/$13247CAD (Bitcoinaverage).

Getting ready for another assault on 5 digits, or $10.5k if you prefer.

Go Bitcoin go.


I don't think there's much doubt that law enforcement must be demilitarized, except for the use of special weapons in special circumstances with comprehensive investigation and accountability into their use.

Until demilitarization can be accomplished, there at least should be military-level controls on law enforcement violence. There should be Law Enforcement Police, equivalent to Military Police, and Law Enforcement Court Martials to keep law enforcement officers under control. Just as there are no soldier unions to fight the military, there should be no law enforcement unions to fight society.

If law enforcement want military powers, they should be subject to military-level controls.
___

Happy bday Mic Dude. Another 6 years and your life will begin.