Well, talked to the bank today about "selling the house for bitcoin", or to be more precise to take out a second mortgage, restructure my debts and "get some liquidity" as they put it. Good talk, and it's all settled. I'll be paying a llittle less each month, will have a substantial amount to invest in btc put in my account, and will also have a fixed interest rate for 20 years. Good times.
Of course they asked about what I wanted to the with "the liquidity", so i said I was looking to have some cash ready for when this whole cardhouse comes tumbling down, and invest in btc. That was a good enough explanation for them.
Nice bank. Crazy system. 1.7%.
FWIW, I support your decision, although it may sound risky. When I got into Bitcoin in 2015, I bought 0.5 BTC for a meager 100 €. I had a large sum of fiat available at the time, but I chickened out, and only used 100 €. Over the course of the following 3 years, I gradually (unnecessarily gradually) used said large sum of fiat to buy the remaining of my coin stash. Had I used the entire said large sum of fiat in 2015, I would now be owning 10x more coins than I currently own. Lesson #1: Best time to buy BTC is NOW. Lesson #2: Buy as much as you can afford to lose (but not less). Of course, you must be prepared to endure some potential setbacks (e.g., bear market of 2018), but even then, you'll be in great shape in t+3 years. Not using my BTC buying potential in 2015 was the biggest mistake I've made in my life. |
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Breaking news! They found the source. "Coronavirus" naming wrong. Spreading fast, no antidote, no vaccine. UN/WHO received message from unknown scientist bearing the initials "S.N.", claiming it's unstoppable, and is in fact " the cure!" Scientists puzzled and in panic! Latest electron microscope images just in:  |
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Election season in USA is always amusing, but also a bit scary...  She has that Greta TM look... I think she needs a green dildo ASAP. |
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 Wow, just WOW! |
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I totally agree. I went almost all out in 2015 when I bought my Ducati for 30 BTC.
Now, not so much. on thursday I actually have an appointment with the bank to discuss "selling my house for bitcoin". That is, taking out a second mortgage on the huge surplus value of my house, reorganising my debts and then hopefully ending up with a sizeable amount to increase my stash. I mean, the money is free man, 1.55% is less then inflation....
To each his own. If your goal was getting a Ducati, you have reached it, and that's that. The thought of riding a $300k motorbike can be upsetting though... Eyes on the road, ride safely! I don't care (never really cared) about Lambos and other pointless luxuries (OK, maybe a Tesla). BTC gives (will give) me the freedom to quit my job early, to pursue a hobby, to travel, to live life without having to depend on a salary, to be free, whatever "free" means to each of us. No point in spending it now on stuff I don't really need. Merely owning it is enough for me, for now. Enjoying it immensely! Even if it collapses (which it won't), I'm good. I'll survive. Edit: I bought my Trezor for around 0.13 BTC. Not cheap! |
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open your eyes fools
bitcoin price action be like
coronavirus
#haiku
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I still can't believe how few have discovered BTC. Sometimes I just like to marvel at this beautiful beast and recount how lucky we are. Staying humble while winning the lottery in slow motion may be a challenge  It won't be secret for long, enjoy and HODL When I first mentioned about Bitcoin to my team leader at work (early 2017), he almost laughed at me, as did most of my colleagues. They kept joking about it and making fun of me for some time. Then they kept quiet. No mention about it. Recently some of my colleagues have talked to me in private, asking me how to buy BTC. My team leader is now doing a Master's course at the local uni, where he told me he saw ads for courses on cryptocurrency and the Blockchain... We're all early adopters, even the "latecomers". This thing hasn't even started. GTCTTWW. HoDL! |
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1) I do agree that China needs a serious review of many of their internal and external policies. Things that worked great in the old days (improper food handling, no government regulations, no proper standards of hygiene that are enforced, no real quality control or oversight) seem great when populations are small and stakes are low but wind up causing serious issues when populations grow. This is an old issue, I think of it as a "shitting in the streets" sort of problem. When there are very few people in a location, shitting in the streets is not a big issue. Once you pass a critical mass of people living in an area then doing so starts to spread major diseases. Which is why you have "governments" formed to outlaw shitting in streets and why you then have people jumping up and saying "I always shat in the streets and I will defend my right to shit in the streets to the death" or whatever. Thus forms the first political parties :-) Note: This is not unique to China. Check out the recent spate of problems in the US with vegetables being contaminated with what appear to be human feces. This is an interesting problem. My theory is that in the old days illegal immigrants picked the vegetables and being experienced learned not to shit in the fields. When they were removed and replaced by less experienced domestic laborers these new employees did not recognize the importance of not shitting in the fields and.... shat in the fields. This can be fixed with proper training, field port-a-potties, and breaks to shit in a box however that will drive up labor costs. Such is life. 2) Anytime one says "I'm not a (whatever), BUT" the addition of the word "BUT" tends to invalidate the first part of the sentence. It's a cheap and pointless way to try and say you're not an "X" while saying something that could be construed as support of "X". Just say the statement and be done with it. So just say "Given what's happening and what BLB posted (live rat eating), I thing that China has got to do a thorough house clean-up and get their act together ASAP..." and be done with it. :-) I agree with both sections of your post. About (1), I have many Chinese friends and I know (they've told me) many things about their society and culture. You are summarizing some issues nicely in your post. We saw a similar thing happening in the Soviet Union when the race against the west was more important than human rights. We also see it in countries like China where there's poor hygiene, unsanitary living conditions, and bad practices in regard to processing, selling and eating animals that can be dangerous to humans. I hope that this serves as a wake-up call for them to sort things out, learn from it, and establish laws and regulations that help prevent such incidents from happening in the future. As for (2), it's just me being over-analytic in what I said. There are things that someone might say that could imply something that isn't true... Kinda like the #no-homo tag we add to something that could be taken the wrong way... Hope it's now clearer. |
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this will end very ugly I promise you. People lost their shit completely when they made a basic calculation and saw how much they could get from chipmixer just by posting. Most of the time it's a lot more than what they get from their full time jobs. I don't know how it is going to end but It is surely creating lots of drama. CM may pull a yobit soon and close the whole shop and leave us be. Imagine the huge amount of unemployed elite posters seeking for hats to cover their bald heads. xhomerx10 and his business would make a fortune out of this mess. That would be the mega bomb.  I read the thread. It's so sad what money and greed can do to people... Was never into campaigns (my rank is too low anyway). I wasn't aware that one could earn so much out of them. No wonder the above thread turned out the way it did! |
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You aren't going to become wealthy through a salary.
You either need to own something or get your money to earn money for you.
Trading time for money won't get it done.
Learn what rich people do and replicate it.
 Thank you Bitcoin. Thank you Original BitCoin and Satoshi's Vision of PoW You can be productive and do serious work and create important things during the day, and still make money while you sleep... That's what I've been doing since 2105, all thanks to Bitcoin. And, believe me, I sleep really well at night. |
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you have no fear that CSWs insane mind will finish its decent into lunacy and utterly destroying whatever you think bsv is?
No. Users are not forced to accept new versions of SW. Anyone is free to continue using the previously existing version. This nullifies any threat. Of course, it is likely that nChain is a significant miner, which does lead to some exposure in this regard. But Craig does not hold exclusive chains of power in that organization, and others there are not suicidal. So, somewhat mitigated. does csw know about this? he would most likely sue them and take his own devs to court if they ignore his decisions. or split from bsv if they dont listen. just extrapolating this on observed past behavior. anyway as you say they dont have to follow so it will be intersting as to how long bsv puts up with him. Seems like the writing is on the wall, CSW becoming a toxic liability and the new BSv directive is to pivot and try to separate BSv from CSW, shills are out in force trying to push this. We should all support CSW in his efforts to sue Ayre for libel. BOSSv (Bitcoin Original Satoshi Super Vision) sounds better too. Where do you get this tripe? <snip regurgitation of scads of quotes of a single person> Great. Yet none of the above supports your claim that "CSW becoming a toxic liability and the new BSv directive is to pivot and try to separate BSv from CSW". Nor that "shills are out in force trying to push this". Why don't we focus on your claim before diverting to an entirely different topic? Ayre (the person who pretty much owns Faketoshi) is just a single person in BSv world? Right, so now you're going to argue how BSv is decentralized and not ran by one person and his cronies? Silly bear, see if it was anyone else i could've written this off to ignorance, but your depth of knowledge on this subject rules that out, which makes me think that there's something more sinister at play here. What a nice bunch to be associated with... This goes for the BSV supporters. |
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Looking at those transactions and imagining I was the owner...
I wonder if any WO members have such amounts. Not expecting anyone to confirm it, even if he/she has them, of course. All the better for them. For the rest of us, we just have to HoDL and wait for the next ATH and beyond.
Hopefully soon...
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(I know backing up is for coward pussies but still I beg to differ)
i know what an idiot i am. thus, like a squirrel who buries nuts all over the place, i count on at least finding one good backup somewhere. in all seriousness though the rule of 3s (i think its called) 3 backups on 2 different media, one of which is offsite. and i dont count "the cloud" as any of those. i do rolling backups so they go back quiet a ways. Forgive me if I've droned on about it in this thread before, but one time I had a laptop stolen with wallets for anywhere between $15k and $40k worth of coins. This was in 2015. During the peak of the bull run it was closer to $200k. I did make a backup indeed; however, my backup was on a USB stick contained in the laptop case, which was also stolen.  I can look up my coin addresses in their respective block explorers, and see my balances just sitting there, laughing at me. I guess the moral of the story is, don't keep your backups all in one place, and yes, the offsite idea is a good one. There's no shame in burying your nuts in different places. Yeah, man, that must really suck... Watching those addresses for any movement... Seeing the funds are safu, but not accessible. Damn! This reminds me of the story of a guy in the UK who dumped (as in threw away in the trash) a computer in which there was a hard drive containing around $5M worth of coins. Just a guess on the actual number, can't remember exactly, but it was in the order of millions of dollars IIRC. He went at the huge landfill where they dump the loads of trash from the city, desperately looking for that damned drive. I don't think he ever found it. tl;dr: Always backup, and always keep your backups in separate physical places from each other and from the source. Edit: I think this is the story. |
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For all your encryption needs, I highly recommend VeraCrypt. The continuation of the highly successful TrueCrypt project, it's free, open-source, and thoroughly tried and tested. The "open-source" part is especially important, and is considered a requirement for an encryption product that's worth your time and trust, as a closed-source product may have backdoors that no one can detect. Need to store data on the cloud, but worried about others having access to it or the cloud server getting hacked? Simple! Just create an encrypted VeraCrypt container, put all your sensitive data in there, and then store the container file itself in the cloud. No one can access your files without the container passphrase, which only you will know. That's not a backup. Seen this too many times, people trusting the cloud, then comes a thunderstorm and that specific cloud where your goodies were is blown away (with or without encryption). Think decentralization! I used duplicity with free protonmail accounts to backup some important data offsite (additionally to local backups). I agree thet Veracrypt looks mature, unlike i.e. encfs based things that shouldn't be trusted with important data as its not good enough for that. But it's a nice overview that VB1001 posted, thanks. A local folder that syncs with a cloud service does not have this problem. Dropbox for example. That's still not a backup, the article VB1001 quoted talks about backing up to the cloud, not just having a synch'd copy there. (I know backing up is for coward pussies but still I beg to differ)Well, the very definition of backup is that you have some data stored locally, and you perform a backup by copying the data somewhere else, at regular intervals (or in real-time), so that if something happens to the local data, you have the backup version to restore. So, in that sense, you'll always have a local copy, even if the cloud server gets hacked, or loses the data, or gets obliterated by aliens, etc. The main point I was trying to make, was that strong encryption tools like VeraCrypt can protect you from someone on the cloud side looking/stealing/using your data. To them, they are just a bunch of useless random numbers. The chances of Google or Dropbox losing your data are very remote IMHO, as their data farms are backed up continuously and in a highly robust, professional way, so they can restore a very recent version of the data if need be. OTOH, my daily backups can fuck up much easier by a mistake or h/w failure. Generally I'm against anything cloud-based, the only reason being the lack of privacy. With tools like VeraCrypt, the privacy issue is resolved, so one can benefit from the positive side of the cloud. Having said all of the above, I don't even think about putting my cold storage private keys / recovery seed anywhere near a PC or other online electronic device. It is backed up safely in several places, physically far away from each other, and in non-electronic form. But the beauty of the recovery seed is that you only need to do this once (storing in several places). No matter what happens inside your wallet, whatever you deposit/withdraw, etc., the seed is always valid and always stays the same, no need to update it. It's not the same with actual data, where you need to regularly update the backups when you make changes to the data. That's where the cloud comes in, and with tools like VeraCrypt it saves you a whole lot of trouble in maintaining your privacy while enjoying its benefits. It kind of like Bitcoin, but with data. Edit: ...and I wouldn't go anywhere near an online service like freebitco.in, trusting my coins to someone I don't know for a mere 4% gain... No way! |
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For all your encryption needs, I highly recommend VeraCrypt. The continuation of the highly successful TrueCrypt project, it's free, open-source, and thoroughly tried and tested. The "open-source" part is especially important, and is considered a requirement for an encryption product that's worth your time and trust, as a closed-source product may have backdoors that no one can detect. Need to store data on the cloud, but worried about others having access to it or the cloud server getting hacked? Simple! Just create an encrypted VeraCrypt container, put all your sensitive data in there, and then store the container file itself in the cloud. No one can access your files without the container passphrase, which only you will know. |
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[...]
Chill! I'm just another Jupiter passing by. Jupiter doesn't need anything to be happy. Jupiter=happines....I don't need sex or your coins to go to the moon to be happy because i'm beyond the moon. Good! Stay there and don't come back here again. Thanks. |
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Thank you very much guys. Really. Not because of the rank or the merits, but for the appreciation. I look forward to many years sharing the good fortune of being able to be here shitposting the fuck outta life with you all!  #nohomo Congrats bitserve! Legendary WO member, self-made & well-deserved! |
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Nice game bitserve  Think the easiest work around to 'cheating' with the forum post timestamp, is requiring the Badger and Bitstamp Price to be in a single screenshot. This can be easily achieved using Snipping Tool ( Windows), Shift-Command-4 ( Mac), Shift+Prt Scrn ( Ubuntu). The above method as well avoids making OPSEC mistakes: screenshot of open tabs, desktop, etc. THanks bitebits. That sounds like a very reasonable way to do it yeah. Not sure if it overcomplicates the process for participants though. In fact I am thinking about just waving entirely the "must post bitstamp chart" OR just let them add it afterwards (but must take the snapshot BEFORE posting the badger, then upload and edit the post to add the chart). Complications spoil all the fun. Naaah, it's no problem. It's called "Proof-of-Work". Bitcoin's been doing it for 11 years. I agree about the fun part though, I'd let the badger be posted first, followed by a timestamped screenshot within the grace period. The earliest screenshot (not the earliest post) wins. |
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Serves that douchebag fiat paper shill right.. I agree with description, but wallet management is tough, especially if you did not use the wallet for a few years. We think that we remember/record everything right, but sometimes we make mistakes (especially if trying to memorize something). Memory plays games from time to time. Anyone who is interested in getting into BTC should get a hardware wallet and follow the instructions. Schiff wouldn't have had to tweet that if he had. I dunno. If he can't retain a single password, how is he going to retain a 24-word recovery phrase? exactly. 24 words written on the enclosed paper...someone was recently checking the wallet, left it on desktop....cleaning lady was vacuuming, piece of paper flew down on the floor, she puts it in trash. Several days later.."where is that very important piece of paper that I left right here? "I dunno, mister, I clean". Yeah, well, you shouldn't keep the seed in only one place. Redundancy. Treat the seed just like you treat a paper wallet (it is equivalent to a paper wallet). You wouldn't "leave your paper wallet on the desktop", would you? It's not the cleaning lady's fault, it's the owner's stupidity. |
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