1. I consider all those little fuckers and all the other altcoiners to be scammers. The altcoin experiment failed, and bitcoin can absorb any of their 'features' if necessary. They now exist purely to take people's bitcoin away by subterfuge. It's a finite resource; once it's gone it's very hard to get any more back. 2. I find these repetitive, variation on a theme memes to be like pornography. I need new and different all the time, otherwise I can't raise a smile. i especially like ver in that cardboard tank. lol |
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https://twitter.com/underthebreach/status/1264460979322138628?s=20The Ethereum forum hacker is now selling the databases of @Trezor and @Ledger.
Both of which obtained from a @Shopify exploit.
(suggesting there are many more underground leaks).
The hacker also claims he has the full SQL database of famous investing site @BankToTheFuture ok, "claims" and 'suggestions', but let's all beef up security measures. obviously we didn't send these devices to our home addresses but fuck not too worried about the addys trezors were shipped to honestly. they were gifts and ballast for boats. OTOH the internet queries and the addys/amounts made to their servers used to see balances and such. not good. if they were my balances of course. anyone know if those queries were part of the breach? i have always meant to set up my own way to query trezor balances on my unpruned node instead of using trezors backend stuff but never got around to it. it was a pretty convulated procedure iirc. but nows time if there ever was one. |
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good grief
pizza day again already?
well, yeah. but can you think of anything better than pizza (like instead *cough* silk road crap.. no thanks for that 1st real world price discovery) but i may be misunderstanding.. things are off here and my mind is misfiring more than normal due to reasons. |
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[...]
To 'jberher' - not sure what you are up to here. But you seem to have chosen your username deliberately to be confused with me. I believe this against this forum's terms of use. If you post further, without first providing a tenable explanation for this choice of username, I shall be forced ask the mods to deal appropriately. they forked your name? Seems to be a breach of protocol. consensus needed. i vote on your side. |
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Satoshis Bitcoin have no chance of being moved until Hal Finney cryogenic preserved body is revived in 100+ years from now. If Hal was Satoshi, they will do everything in their power to bring him back to life when Bitcoin is the global reserve currency.
That would be awesome. It's year 2100, countries around the world were competing for the last 50yrs to be the first one to revive Hal. One finally succeeds. [...] In reality, if Bitcoin does take over, Hal Finneys body will be worth more than ANYTHING....just on the mere speculation that he remembers or knows the method of retrieving the private keys. those early coins will be grabbed when quantum computers of sufficient capacity arrive. 10+ years maybe. so Hal is not needed for the coins. but for his possible knowledge of the true satoshi.. welcome back Hal (i hope). edit: no i dont want to know who satoshi is. but thats up to Hal. and if thats the reason to thaw him out so be it. i just want him back. he got a raw deal. |
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You're right about saying that anyone that creates something as good as this would love to take credit, and that's why there has been a lot of people coming out from nowhere and claiming to be Satoshi Nakamoto. And if you check other cryptocurrencies, those that created them are not being kept secret.
take credit. why? if it really takes off you would be a huge target because of the amount of money you control and its direction (having mined so many when it was trivial and no one knew/cared), or taking blame if it tanks eventually and takes peoples fortunes with it. both ways could have serious disadvantages.. to say the least. if i were satoshi (ha!) i would merely stash coins away here and there in random blocks he certainly could of mined early, but not too early.. once he had the software tweaked more to prevent that fingerprint the early versions left in the nonce (or whatever it was). as anonymously as possible. sneak them out as needed. im sure satoshi could do that and it would set him up for life anyway. i mean how many coins does he need? and he was that good obviously. but then again im stupid, so my lines of reasoning im sure are flawed. |
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[...]
To 'jberher' - not sure what you are up to here. But you seem to have chosen your username deliberately to be confused with me. I believe this against this forum's terms of use. If you post further, without first providing a tenable explanation for this choice of username, I shall be forced ask the mods to deal appropriately. they forked your name? |
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In addition to that, we notice that the coinbase was split toward two addresses 80%-20%.
The biggest past was sent to a legacy address, while the 20% was sent to a Segwit address (and then some dust from there to Coinbase).
This could mean someone lost the password to an old wallet and the recovery firm took a cut of the 20% (not that uncommon Percentage).
this is what makes the most sense to me. which means its wrong of course. edit: BTW no password built into on core (QT?) wallet back then. but an encrypted hard drive or file maybe, so about the same thing. |
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Bitcoin remains the best investment on the block, even if more Armageddon-like circumstances end up playing out way more than we would have wished them to be.. and yeah there could be some shutting down of the internet and communications, too but is that really going to bring down the value of bitcoin and our ability to store it and perhaps transmit value from time to time, as needed in it? Yeah, sure, buy yourself some guns, bullets and maybe even a bunker, and hopefully that does not take up too much of your current resources that you cannot keep a decent amount of your value in bitcoin a the same time..
wow and i though i was the doom and gloom guy. im far too small a target to worry. even us average folks have investments and advisers. |
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didnt some very early bitcoin versions have a pay to ip addy or some much easier to hack format..
maybe this is one of them?
EDIT: wait this is the coinbase, not a tx. never mind.
EDIT 2: and to a segwit addy? or is it multisig? anyone know?
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but i have reallocated the percentage of these "classes" over the years too, and bitcoin has been much more prominent of late. both from a sound money point of view and a ridiculously preforming asset/investment. if push comes to shove, bitcoin will be the last thing to sell if it comes to that.
Sounds like a crude and real world description of Gresham's law combined with reallocation motivations. pretty much. only its done my way in my head. end result is the same(ish); get rid of the crap and convert to something that stands a chance of surviving. interestingly enough when i was talking to the financial peeps the other day, one of them brought bitcoin up for a quick opinion on how i think its doing. we always discuss it even though he always recommends selling some off.. and thats what i pay him for, his honest opinion. he acknowledges its been the best investment hes ever seen. but its still unproven when you get right down to it. another said that cash in banks or any form is not a good place to be going forward. even the stock market is not really a safe place anymore in the timelines we discussed (as if it ever was IMO), inflation will be a killer and she cant see anyway around that. of course thats obvious to us but when financial people are getting the drift you know somethings up. this is a very simplified version of the discussions though. however as much as i believe bitcoin is the future of money/wealth/store of value/whatever you want to call it i do live in the present. and i do realize that my "plan," while it has worked in the past, may need drastic revision at any point.
never stop learning.
Fair enough. If all of a sudden, some very large and unanticipated expense rolled into your door.. you might have to say fuck. And, you might have liquidate a decently large portion of your bitcoin's even though it was either last or towards the end of you liquidation list. Nice for us to have those kinds of options, even though they do not necessarily resolve all issues that might end up coming in our direction.. including some major issues that could undermine our bitcoin stash, too.. yeah, we have discussed "fuck you" amounts of money here before. however i can easily see a "no, fuck YOU" looming on the horizon. |
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At this moment I only have one alternative, very repeated in your posts, "I will assign a minimum weekly amount" so as not to miss the train. It is the first time since I bought Bitcoin that I have been forced to sell. I feel a little strange, a btc bull without btc  , I hope it does not affect me mentally and continue to share the good and bad moments in WO, I do not like the idea of getting away from here. you may be on the sidelines at the moment but at least youre still looking at the right game. thats the main thing. |
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Good morning WO,s starting the day with strength, without looking back, with a different perspective but with optimism.
yeah, hopefully honey badger is bored enough lately to wander through that resistance level thing in its travels today. |
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selling wise i have to treat corn just like any other asset. in my mind thats just the way i do it. bitcoin is both a investment and a tool to meet goals. i use it like any other tool. but it is the best tool ive ever seen.
You are a stubborn one, so probably some of your following of Gresham's law happens to be more subliminal rather than your lame attempts at equality.... (hate to say that you were starting to sound a wee bit like searing for a while, there... with your seemingly both loving and hating of bitcoin at the same time. stubborn? errr yeah, heh. basically i have stuck to the plan i made many years ago when i got into bitcoin. and im more on a glide path right now. which is going to be a different strategy than those who are climbing. but i have reallocated the percentage of these "classes" over the years too, and bitcoin has been much more prominent of late. both from a sound money point of view and a ridiculously preforming asset/investment. if push comes to shove, bitcoin will be the last thing to sell if it comes to that. however as much as i believe bitcoin is the future of money/wealth/store of value/whatever you want to call it i do live in the present. and i do realize that my "plan," while it has worked in the past, may need drastic revision at any point. never stop learning. |
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the fed and stockmarket run on hopium, and how long that that lie last? but i see your point, they will do anything to keep the stock market going as pretty much everything in the usa rides on the stock market.
bitcoin may fall along with stocks to a point but in my case when i suddenly need a largish amount fiat for whatever reason (pandemic? yeah right what are the odds of that... oh wait..) i tend to sell off my different classes of stuff (not sure what to call "classes" as i am not a financial guy, i pay people for that) equally if at all possible.
but wtf do i know all i can say for certainty is bitcoin has been very kind to me.
Are you suggesting that sometimes you will try to follow Gresham's law, vapourminer, meaning that you speculate that bitcoin is the more sound of the monies, and you tend to consider whether to sell other kinds of monies / assets before selling any of your bitcoin? I understand that if you are already more appreciated in bitcoin, and bitcoin ends up comprising way more of the value of your various assets, then you might end up shaving off some bitcoin rather than selling some of the less valuable monies/assets, because largely you are somewhat over-allocated in bitcoin relative to the other assets/monies because bitcoin has gone way up in its value compared with the other assets. i definitely consider bitcoin more sound than fiat, and that viewpoint has really been driven home as of late. but i really just do my own thing financially. which may not be smart but has served well enough. basically if i need x amount of fiat money i will simply divide by n, n being the "classes" in my mind. those classes in my mind dont really correlate with traditional categories and have changed over time as i learn more about it or simply adjust based on past and what i consider potential future returns. now bitcoin has been by far the best performing class and that means that means if im pulling say 10k USD from the bitcoin "class" its generally taken less bitcoin each time as i try to have enough fiat reserve to ride out the smaller dips and downtrends (a couple years worth of fiat have worked out) and be able to (more or less) pick decent point to sell. i do that by setting goals with laddered sell prices on the exchanges. but i also have to pick a certain date (several actually, like say a 1 month period divided into four one week periods). at each point if i havent made the price i want i still sell (in this example) 1/4th of my fiat goal, so 2500 USD , whatever that happens to be in corn at that time. this way i dont get stuck at the end if the price of corn has just gone down during that cashout period. basically i have DCAd my way out. now this selling of bitcoin is mainly a habit from getting in this in 2011 when the possibility of bitcoin failing was much higher and i am a creature of habit and limited learning capacity so i do what has worked in the past with the least risk to my overall financial ability. if any of that makes sense. which i certainly dont expect it to for others as i am not known for making sense or following best practices. --- so i guess to me, buying corn is the 1st class of asset that i top off when i get the chance. thats the main point and far more important. selling wise i have to treat corn just like any other asset. in my mind thats just the way i do it. bitcoin is both a investment and a tool to meet goals. i use it like any other tool. but it is the best tool ive ever seen. |
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[...] and nobody's got time for dat.
well.. ya know.. if perhaps you could cut back just a wee tad on the word count we would have more.. never mind |
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Damn 10K smell then back down.... I can see why, from this Monday barbers and hair salons back open in Belgium.... they all sold there satoshi’s to support the haircut  free the haircuts! pffft old kindahippee here. ponytail dragging the ground is fine by me. if only i had enough hair.. |
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Not gonna happen at this point. Too much liquidity in the system already and everyone knows that if stocks do fall, the Fed will step in to print more money to prop them back up. Even if stocks did fall, BTC will fall along with them. Anyone who thinks otherwise is just refusing to learn from what happened last time around. The best argument I've heard about BTC not being correlated with the stock market is "it's a short term correlation." This may be true, but its a correlation nonetheless, that occurs during a critical time period. But I do expect the impact of a stock sell down on the Bitcoin price to be less this time. They know how hard it can (will) rebound.
This could very well be the case. Not sure that's true. Bitcoin is looking more and more like Gold, in that in extreme stress events it's correlated, because when people need cash in hurry they sell anything liquid to meet margin calls, but outside those extreme events, they have very little correlation. Gold sold off hard in 2008, but 6 months later was at all time highs, I would not be surprised to see stock fall heavily again, but bitcoin keep climbing. The Fed can't prop stocks up indefinitely, they can inject confidence, but I'm not convinced by the whole stock market is separate from the economy thing that has been going round. We're still in a deflationary environment, I expect the dollar and bitcoin will go up, stocks will test new lows within a month. the fed and stockmarket run on hopium, and how long that that lie last? but i see your point, they will do anything to keep the stock market going as pretty much everything in the usa rides on the stock market. bitcoin may fall along with stocks to a point but in my case when i suddenly need a largish amount fiat for whatever reason (pandemic? yeah right what are the odds of that... oh wait..) i tend to sell off my different classes of stuff (not sure what to call "classes" as i am not a financial guy, i pay people for that) equally if at all possible. but wtf do i know all i can say for certainty is bitcoin has been very kind to me. |
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I might need some pointers, regarding:
"how to NOT become too nervous during times in which the BTC price is going down - like it's falling off a cliff, and when I am assessing myself to be running out of money to buy more?"
hopefully the thing on your back that says "ACME - the name you can trust" has a parachute and not dirty socks. other than that i just keep in the back of my mind thats its not really there.. ie lost. but you already know that. |
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Sorry to break your COVID skirmish guys, but we're almost touching 10k now... now this is getting interesting
hey youre off topi- oh wait looks like it bounced off ~9.95k or so but this is fine  |
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