who wants their medical (or any personal) data on a public blockchain forever? even if encrypted. as sooner or later that encryption will most likely be broken and now the world has your medical (or whatever) info. |
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The real bitch of a problem in all this is to find a place where people speak proper english.
that rules out the USA for you then (not that i think thats on your list btw). |
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Da fuck! What country are you in?!?? Never saw capital gains taxed so fucking high. That percentage is ridiculous even for regular salary income FFS!
50% income tax, give or take depending. 25% sales tax. Hidden taxes on everytyhing, not sure how much but not less than 50%. In total, 80-90% taxation. Which is why there is no fucking way I will get off with ONLY 20% when they get around to bitcoin. States always want More. Denmark, by the way. 50% ?? wtf. makes that check i wrote to the irs a lot less painful. much as i hate taxes and the fact i have no say in its distribution, at least i only pay if i made profit. capitol gains for stuff over a year old is 15%, of course the short term stuff is worse and varies with income and such (USA). EDIT: of course we tax everything in site in addition to that so the actual figure is higher. sales tax varies per state and "built in" taxes can be pretty high.. cigarettes and gas in particular get taxed at a fairly high rate. so total tax paid varies considerably depending on how you count it. |
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goating accident
thats why sheep were invented. |
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Basically, the situation I'm in is if I didn't have BTC to supplement my income I'd have a very sad life; never eating out, no holidays, no 'nice' things every-so-often.
I'm VERY lucky to have BTC. Very.
treating ourselves to something extra every now and then via btc i mined or bought is the deal i made with my wife when i 1st got into btc. gotta take profits at some point. we certainly enjoyed our "upgrades." works for me as this all could still take a digger. |
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Enough with this 1 to 10 percent. 10 percent should be the minimum a coiner invests in King Bitcoin. Also long term winning for Bitcoin is guaranteed as long as humanity doesnt go extinct.
that was a joke, right? if you cant afford the possibility for all your bitcoins value to drop to zero in an instant and just smile and say "well that was one helluva ride while it lasted" and just carry on like nothing happened (more or less) youre doing it very, very wrong. EDIT: but if youre young i suppose ones outlook differs from those of us that are ancient and decrepit. |
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Good morning, being above 10,000 looks good.  They say the same as us, but they go into more details. ergo, JJG is female. |
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sure, IF your passphrase is something like 36 truly random characters. but even then if a seed is compromised i would still create a new wallet (with a new seed) and move the coins over.
the passphrase will slow them down, perhaps for a long time, but would you leave your coin there knowing that? considering youll probably never know someone has accessed your email/seed till its too late?
It depends on the amount you store in your seed but if it's not millions of $ it's very unlikely to happen. The hackers will check your funds in your seed first and they will compare to the cost for them to try to break your passphrase... and it's huge!  yes, today its computationally expensive, and as that chart points out its obviously less as time goes on. so long term largish amounts i would not want in any electronic form. physical security of a printed/engraved/whatever seed is safer and easier for some, not so much for others. depends on your technical levels, the amounts, convenience, redundancy needed etc. as long as people know how to calculate the risks they can choose what works best. |
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If you use a passphrase for your seed there are really few chances to be hacked. In reality I think they are fewer than losing your sheet of paper or being stolen by someone accessing your home.
sure, IF your passphrase is something like 36 truly random characters. but even then if a seed is compromised i would still create a new wallet (with a new seed) and move the coins over. the passphrase will slow them down, perhaps for a long time, but would you leave your coin there knowing that? considering youll probably never know someone has accessed your email/seed till its too late? i wouldnt. |
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I thank my lucky stars every day that I have never been in that position. I'd probably end up killing myself. i sometimes cringe when thinking about how many coins at ~$100 USD i sold back in the day. but then i figure if folks like me we not actually using bitcoin what good is it? so, no regerts. well maybe a little tiny bit lol |
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76 please
that is some great stuff you make.
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It would be nice to go back to a time where everything fit in my car and I just rented. It is not like in 15-20 years
ahhh sabbatical. for when the world just isnt really working. a motorcycle and whatever fit on it worked for Neil Peart when he went to meet himself. so thats good enough for me. all right, all right, so my bike will be in a modded trailer towed behind a Jeep. and the bike is almost more for when the jeep gets stuck rather than for doing side trips on trails. |
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but remember that whenever you store your secrets in the cloud (whether it is a cloud server or email or anything like it) your secrets could potentially be accessed by hackers and who knows maybe they could some day break the encryption you used too. but storing them offline (like printed on paper) will always remain safer even if the encryption technique was broken someday.
this is my thought as well. once its in the cloud you have no control, and it WILL NOT be deleted everywhere, no matter what they say. so, sooner or later, that super dooper encryption wont be enough. out go your secrets. this is why my backups are local (well near local i guess). |
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Number go down. Makes me want to experiment with alcoholism again.
Don't even try. Calm yours down with some weed. You will be too lazy to panic  Alcohodl just makes you over-emotional, triggering a premature sell.  That's not true! Alcohol is fine as long as you make sure to drink enough to see double figures, so that price looks something like 95'950'000. Though this could cause some overexcitement leading to want to sell as you say. Best to stop drinking when only some numbers start to appear doubled. Otherwise any drug keeping you busy enough no to want to check prices for an hour or two will do just fine. For example a nice dose of benzodiazepine could make you wake up on Thursday and getting excited about price being at 8900 as you only remember when you last checked it was like 3500.. i prefer drugs with lower ld50s myself. weed has none that i know of. but its a good thing i just dont like alcohol (taste or buzz) or i would be dead of old age at 30 or so, like a best bud of mine now is. RIP  |
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I'm not gonna pretend that this isn't happening or be insensitive, just relaying sentiment from the ground level as I had passed through my own fears of what this virus could mean personally to now feeling calmer in general.
Can we get this optimistic/realist creep removed from the thread? This post needs to come down before too many people read it. we all know its really like this https://www.youtube.com/watch?v=Jdf5EXo6I68[monty pythons "bring out yer dead" scene from "Quest for the Holy Grail"] "im feeling better... " *WHACK* lulzlulz |
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Also, if you live long enough, the only currency in a Nursing Home is stories. You got a robe/toothbrush/shaver/slippers and rich as hell or not it is all the same.
The only currency is stories. Thus BTC works...great story....BTC dumps....sad story...rich as hell or poor as hell ..if you live long enough that is how it shakes out.
my brain is/will be so burnt i wont remember.. nurse: "so, what was early btc like?? you were there!!" me: "what? sure, stop making fun of me. go away." |
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it all is still a win as all 'evolved' from a KNC Jupiter 550gh miner in 2013 that cost me
$5,131.80. It is not like 'any' money from my modest dev disabled deaf-blind job went into the BTC business for electric or whatever..so again, the risk to me is non-existent.
No matter how bad this all gets, I will always show a profit. It can be debated on IF I HODL too long or IF I SOLD too soon or any % thereof....but I can afford this modest risk.
yeah i know the feeling. a single ATI HD6870 video card is where my corn came from. all my btc was derived, in one for or another, from that one card.. which bought another card.. so my btc journeys admission price cost me $350ish USD iirc. still have the receipt and ive still got that card. i need to gold plate its shroud or something. |
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I SHOULD dump my sh*tcoins and BSV and BCH, that fell from the sky on their forks and make the last 9-12 BTC up that way. But currently confused
with those sh*tcoins all pumping, big time! Some of which like LISK and SIACOIN I'm utterly befuddled on. But that is the other option of my plan to 'recover' those
heh yeah. im doing taxes and see the odd sh*tcoins that have just been sitting there doing nothing but generally losing value. against btc anyway. ive forgotten why i even bought a few of odd bags. the shame.. what was i thinking??? |
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A mining company called Ghash in 2014 found themselves unwittingly in ownership of " powers that circumvented the decentralisation" when their mining pool got so popular they crossed the 51% hashrate threshold several times. I wasn't around at the time, but they apparently voluntary shut down to prevent this. some decent drama and doom about that iirc. i usually was at other pools but i do remember reordering my failover pool list to prevent me joining ghash if my main pool went down. so it was last in the list, so maybe not preventing my joining but only as a last resort. enough miners figured they would just switch away if ghash got too carried away that i wasnt worried. i dont recall how exactly how ghash handled it. prevented new miners from joining sounds familiar.. but cant remember. |
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Ever get the feeling like you are being fucked with ?
Now is one of those times.
wait. you mean, you can NOT feel like that 100% of the time?? wtf |
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