She is right at what she is posting latter. But the first post you quoted is really silly. Bitcoin price is so unstable that will be way different next week not just a year from now. The point she is right about is that future trading makes bitcoin more stable. So growths and declines will be less sharp. Both ways will be more stable not just the way up. And that is good, money need to be as stable as can be.
The first serious derivative salvo arrived just at the death of the last bubble and since then it's been a steady decline into poo soup. She's right to raise the possibility. That's unquestionably where most of the 'institutional investors' will prefer to go, but everything flies out the window if there's proper a bubble on or the sniff of one. We need all this new guff to be present for another 2-3 complete cycles before its effects can be properly analysed. Until then it's just groping in the dark. As posters have said, nobody can claim to know for sure, and that includes the most bullish cheerleaders.... So, there is indeed a possibility that BTC does not rise due to the next halving. There have only been 2 halvings so far, way too little for a certain judgment. Price is always dependent on demand first and foremost... supply is important, but it is secondary.The next bubble, if and when it happens , will have to be a function of a very large amount of fresh capital entering the market. The numbers required are much larger now than in previous bull phases. Cost of production also plays a major part... Cutting production (per block) in half, while cost of production (per block) remains the same, could make mining unprofitable, unless the price rises. Edit: Rephrased last sentence. |
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Shitcoiner, nobody, attention-whore, segwit2x traitor and all-round ugly girl has opinions: 1/ there is a very real possibility the price of bitcoin does not go up after halving. for the first time, there is a robust derivatives (futures, options) market for bitcoin. most firms looking to speculate on bitcoin will trade a derivative, not the underlying. Let's see her in 3 years, when she'll be FOMOing the $100k/BTC train... First they ignore you, then they laugh at you, then they fight you, then you win. |
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Watching premier league game, full banners with BITCOIN on it, nice to see, maybe people will notice there is a DIP to buy  She’s got the chips..... Who’s gonna buy the dip?  She is the dip! Yummy! |
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C'mon guys it's $6900 and you're discussing $3k already?  Never gonna happen... We've been there before. Even if it does, Honey Badger don't care. That cobra better run fast, because he'll chew her up and spit her out when he wakes up! Oh wait... Could that be CSW's "Bitcoin Bug" thing?  (weeeeeeeeee!) |
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The best time to buy is NOW! Always was, always will be.
It was the same yesterday. And a year ago.
IOW, buy when you can, and HoDL!
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I just fired another $250. If it goes down I'll fire even more. If it goes to 3k I am going full berserk. Taking no prisoners. My ammunation is stronk.
What a beautiful morning, cheap coins feel good.
Sounds like a good plan. In addition to my regular job (which is more than enough for my living expenses), I also do teaching part-time. I use all of my teaching earnings to buy BTC. It doesn't affect my life in a negative way, but WILL soon affect it in a POSITIVE way when BTC moons. "Every little helps." (I remember this phrase was being used by a supermarket chain when I was living in the UK many years ago). |
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Will Craig Wright use his "exploit" to take down Bitcoin (BTC) by end of 2019? "Craig Wright says he has an exploit to take down Bitcoin (BTC) by end of 2019. Does he? Or all talk?" https://youtu.be/4TOnHAlI_VgWTF? I hope it's just Craig Wright talking out of his ass...  I think it's just the usual CSW fear-spreading ego-bullshit. Anyway, there's only two weeks left to prove his claim, after which he sinks deeper into the hole he's in. Edit: From his website: "Creator of Bitcoin – Satoshi Nakamoto. Eternal student & researcher. nChain Chief Scientist. Lawyer, banker, economist, pastor ( ), coder, investor, mathematician, stats & world curious. My opinions are my own." |
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I had coloscopy once, without any meds or narcotics. I certainly didn't enjoy it, but it also wasn't a very bad experience at all. A couple of kinda numb feeling pinch-like shoots of light to medium pain sensations, nothing that gets you worried. The "hose" is 10mm thin, so even thinner than an index finger. Get over your fears and get it done. Don't worry you might enjoy it, because you won't. Taking pills before coloscopy is something for the ladies (sorry ladies, no offense) EDIT: Just saw the dump. Unexpected, but not that of a surprise, too. #hodl on! Civilized colonoscopies are done with intravenous diazepam, inducing a dreamlike half sleep which allows you to watch the procedure on the monitor without any discomfort. You don't even feel the insertion. The worst part is the day before, evacuating your colon with a gallon of disgusting fruit-flavored laxative/electrolyte solution and shitting increasingly lighter-colored liquids until it's clear. Not to mention the farting that follows... Haven't had a colonoscopy myself, but have witnessed the aftermath. I remember waiting in a queue at a hospital, to see a gastroenterologist. There were two guys there, one had finished a colonoscopy and was recovering, and another one waiting to have one. The first guy said to us that he was soon going to start farting (the nurse had told him he had to let it all out) and apologized for this. Man, this was something. He started a non-stop farting concert, so long and loud, it was like he was first violin in the Vienna Philharmonic. All of us in the room were crying from laughter. Then the doctor came and said they had run out of normal "tubing" and had to use the "anaconda" (whatever that means). The guy that was waiting for the colonoscopy got scared and left shouting "I ain't doing this shit!" Damn, that was an experience I'll never forget. |
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Had a medical today for my new health insurance package. Received a gloved finger up my arse  Bitcoin, LFC, nothing matters today. I’ve lost my self respect, my dignity & it still fucking hurts  I've had "the finger" too, a few years ago. No anesthetic. Was only for examination, for "feeling" the area. Was not as bad as I thought it would be. And what's up with you guys? Are you all a bunch of gays? Two pages of posts and no #no homo tag? Damn! |
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explain
In a long shameful convoluted story, I find myself with a new tricked out MacBook Pro 16", and a Time Machine brain transplant from the last machine. Not yet fully cloned. New MBP runs only Catalina. Apple has seen fit to -- get this -- prevent users from writing to the root directory of the filesystem. Now I need to figure out how I want to map a nearly four-decade-old directory structure to the absurd dictates of my new environ. jojo69's hell may be different - dunno. Good news, everyone. While it is not really well documented, there is a workaround. Apple has created a new type of symlink-like filesystem construct. Using this synthetic link, one can create a 'ghost link' in the root of the filesystem. This link can redirect to another place in your filesystem, like any normal symlink. It does not, however, exist on disk. It is instantiated at boot. One configures these links through an fstab-like mechanism: a new file /etc/synthetic.conf. After creating a link using this mechanism and rebooting, my filesystem looks like it used to. I am now happily restoring over 400,000 files -- over 220GB -- from Time Machine to this new phantom filesystem location. So all my old scripts and such should work just fine. More info at man synthetic.conf. Why Apple's second-level support was utterly unaware of this workaround is a mystery. But there you go. man just readying that hurt my head. i am so glad i never got into apple products... not that windows is remotely perfect, mind you... My only Apple product was an iPhone. Using it felt like I was a kid locked in a glass house, that had to ask for permission from Daddy to do anything useful, and always had to do it the way Daddy wanted, because "Daddy knows best". Of course, some people like that. Not me. |
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Can't they change platform? Is Github so powerful and essential? The first time I heard that M$ was in charge, I knew it would mean trouble... Edit: It's so sad... Every time something free becomes successful, the big sharks come to fcuk it up... Github, Bitcoin, anything. Human nature? |
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Interesting video, thanks. Watching those guys discussing crypto makes me want to puke. I hope Bitcoin proves to be much stronger, and beyond their evil plans. |
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Bitcoin vs. World's Megacorps It is without a doubt the best Investment:  Total return (%) with Investment of $ 100 10 years ago: 1. Bitcoin: 9150088%
2. Amazon: 3,156%
3. Manzana: 2,345%
4. Visa: 1,597%
5. Microsoft: 899%
6. JP Morgan: 433%
7. Facebook: 420%
8. Berkshire Hathaway: 228%
9. Johnson & Johnson: 216%
10. Walmart: 171%
11. Alibaba: 108% A interesting article, Source: https://howmuch.net/articles/biggest-companies-vs-bitcoin-last-decade-performanceIf we take into account that these actions its important movements are every 10 to 8 years, Bitcoin in its first 10 years has been much better, which means that due to its nature it can be predicted that the next growth of Bitcoin will be much more high, which is still the best investment in the world with respect to the Stock Market. That's a ridiculous assertion. Bitcoin had absolutely no value when it launched, and it took nearly a year and a half to get some kind of idea of possible value (with the pizza transaction), and maybe a couple more years to get any kind of meaningful exchange trading with MTGOX and some of the limited number of exchanges to cause some kind of possibly meaningful liquidity. Probably more fair to start measuring BTC price or value from 2012, if not a bit later.. but hey.. we can assess that there was some liquidity and price finding abilities that were starting to occur in 2010 and 2011 - but still seems a bit too damned niche in those earliest of days to even be attempting to compare with start-up companies with some track recored or even mature companies/investments, like the ones listed. My thoughts exactly. It's like a 1/0 = Infinity kind of thing... |
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11 = 3
True. As are the following: 11 = 9 11 = 13 11 = 17 11 = 21 11 = 1001 11 = 1011 11 = 10001 The possibilities are endless... I only see 11.... wow nice stash 11 = 11 BTC11 BTC = 11 BTC, in any system, and that's what counts. Nice stash indeed! Those who own 11 BTC ( in base-10 or above in any base) will soon be set for life. |
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EPSTIEN... LOL! |
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Thanks so far for your suggestions and opinions on the secure, inheritable seed storage topic.
It's a hell of effort for me to quote everybody's contribution i'm referring to here, so i round it up in this unilateral post, to avoid to totally mess it up.
I now consider storing one half of every seed in a place where i must have at least personal contact to a human to access the seedwords.
That means safe (yuck) or notary. Maybe both, half seedwords in the safe, passphrase at the notary for post mortem inheritance reasons or something like that.
JJG: I didn't tell the bank's employee anything about crypto, and i would i never do so. I just mentioned folded, single paper sheets and little items. I guess i will keep the ledger(s) at home for everyday use and to follow the two-level anti-thug advice of sacrificing a few % of my crypto (by mindrust, if i'm correct), which was also brilliant.
Somebody was curious about the country, it's Austria (the one without the kangaroos).
The finger is doing nice, at least no signs of infection and i can use it for typing again. This should end well, and i regard that as a warning by the universe, to follow safety standards with cutting tools. Even worse, i have a pair of kevlar gloves lying around. I should have used them. Once i rammed the base of my thumb into a sharp sheet metal edge, which got it cut half off, with a lot more blood, hospital, stitches and temporary nerve damage involved. Doctors did beautyful work, ten years later the scar is very light and thin.
Thanks for the love, practical tips and support so far #nohomo
I'm in read-only mode for the rest of the day or two, need to make a few wood/metal rings (jewellery) soon, which still needs quite some research and experimentation, and also craft another two of those bitcointalk anniversary ebony poker chips, using a different process.
There's better than that... Satoshi labs have BIP (and have implemented there own version) for a key sharing on the trezor: https://blog.trezor.io/shamir-backup-the-revolution-of-private-keys-backup-is-here-858687ed7fe7As soon as I saw that, I bought the model-T (already have the one, but is unsupported on that). Now I have mailed out shares to my most trusted friends and family, signed and sealed with an explanation letter so that if anything happened to me it can all be recovered. Made A LOT of shares and most of them are required for recovery. Originally I did split the seed words, but that does mean the number words required to be guessed is greatly reduced. I my case they had 2/3rds of the words, so just 1/3rd had to be guessed. With the Shamir there's no worries there. Just would be nice for others to implement the BIP! That's a nice feature. Unfortunately, I have the One, so I can't use it. Good to know it can be done with the T. Another thing I want to add to the discussion is that, when it comes to passphrase choice and seed storage/protection, we should apply the KISS principle. Keep things simple and don't overdo it. There was a time when I devised a complex method for generating ultra-strong passphrases, using a random number generator with its own numerical seed, that pointed to words in a book. It made me feel very secure, until there came a time when I had to unlock the data, at which point I realised I had totally forgotten the passphrase or how to generate it! Fortunately, that was long before I got into Bitcoin, it had to do with file encryption. Was a lesson for me, not to be too paranoid, while ensuring the passphrases are strong. |
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11 = 3
True. As are the following: 11 = 9 11 = 13 11 = 17 11 = 21 11 = 1001 11 = 1011 11 = 10001 The possibilities are endless... |
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By the way:
This week i was up for a visit to the bank. A bank of which i am not a customer.
As i don't really want to keep my seeds and (future) paper wallets at home, i asked for the price of a safe and if the contents are insured an all.
Mr. bankster asked me about the value and physical size of the entities i plan to put in there, so i said it would be foldable paper and a handful of items of the size of a matchbox. When he asked me for the value, which determines price and insurance, i said it is volatile in value and it might be anything between x1 (by current btc price) and x100 or even more in the next 30-50 years. So Mr. bankster said he has to contact his boss, who is the local manager of the safe, who in turn should call me on the same afternoon for speaking about details and possibilities.
I never heard of them again, no call from either of the two.
Well, this leaves me with the impression that safes seem to be a pain in the ass for banks (or this bank only, idk).
I found it quite unfair to base the price to rent a safe on the value of the content. Insurance, yes, that didn't surprise me that much. Seems like they out the amount which was estimated the value of the safe contents for. I can't just pay only for the safe and insurance covers the value of all that's in it, in case of physical desctruction, theft and loss.
Trying to get useful service from a notary will be coming next. I'll keep you posted.
No need for a safe. With Bitcoin, you are the bank! Just follow these simple steps: 1. Get a Trezor or Ledger. 2. Initialize it and write down the recovery seed. 3. Use an additional passphrase and keep it in your head (don't write it down). 4. Transfer your coins to that wallet (seed + passphrase). 5. Store the seed (but not the passphrase) in 3-4 separate places. 6. Done! Your coins are more secure than any vault in Zürich. That's the beauty of Bitcoin. Being non-physical has its perks! Now, try do this with gold or silver... That's how i planned to do it originally, since i already have the ledger, but i wanted to keep it for active future use, with a small amount on it. A second one wouldn't be bad, i guess, but the main reason for keeping cold storage in a secured place is the "thug-with-a-hammer case", for example. If a family member gets kidnapped, i will have to get to the safe, for example, and i could call for professional help by asking an employee, without the bad guys knowing. Just going through possible cases in my mind... Valid concerns. What you can do in the "thug-with-a-hammer case", is to store a very small amount of coins in the wallet that corresponds to the seed alone (without a passphrase), or use a second, decoy passphrase. So, if anyone comes with a $5 wrench and tries to torture you, try to resist as much as you can, and then reveal the decoy passphrase. Let him have whatever small amount you've put in there. Perhaps an extreme case of plausible deniability would be this example: You have 100 BTC. You store 1 BTC in the wallet with just the seed (no passphrase). You store 5 BTC in the wallet with the decoy passphrase. You store the remaining 94 BTC in the wallet with the main passphrase (which you NEVER reveal). Thug-with-a-hammer kidnaps you and starts torturing you. You play difficult, but soon enough you reveal the seed. He gets your 1 BTC and sets you free. That's the best-case scenario. But he may be smart... He suspects you have an additional passphrase, so he tortures you more. You resist, and at some point you "break" and reveal the decoy passphrase in crying tears... You beg him to leave you the 1 BTC and take the 5. He grabs everything (of course) and leaves. You still have 94 BTC. All of the above can be done with only one Trezor or Ledger, and there is no way for anyone to tell how many passphrases you're using in addition to the seed. In fact, you're already using an infinite number of passphrases (wallets), they're just empty. It's an immensely beautiful mathematical construct. The above example seems quite extreme, I know, but soon we'll be hearing about such kidnappings, and we must be prepared. Bitcoin, being non-physical, is a double-edged sword. That's why it's a stupid, immature thing to boast and advertise how much BTC you have. Because if you're stupid enough to advertise you have 100 BTC, you can be absolutely sure that the "thug-with-a-hammer" will torture you like hell until you give him all your coins... |
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By the way:
This week i was up for a visit to the bank. A bank of which i am not a customer.
As i don't really want to keep my seeds and (future) paper wallets at home, i asked for the price of a safe and if the contents are insured an all.
Mr. bankster asked me about the value and physical size of the entities i plan to put in there, so i said it would be foldable paper and a handful of items of the size of a matchbox. When he asked me for the value, which determines price and insurance, i said it is volatile in value and it might be anything between x1 (by current btc price) and x100 or even more in the next 30-50 years. So Mr. bankster said he has to contact his boss, who is the local manager of the safe, who in turn should call me on the same afternoon for speaking about details and possibilities.
I never heard of them again, no call from either of the two.
Well, this leaves me with the impression that safes seem to be a pain in the ass for banks (or this bank only, idk).
I found it quite unfair to base the price to rent a safe on the value of the content. Insurance, yes, that didn't surprise me that much. Seems like they out the amount which was estimated the value of the safe contents for. I can't just pay only for the safe and insurance covers the value of all that's in it, in case of physical desctruction, theft and loss.
Trying to get useful service from a notary will be coming next. I'll keep you posted.
No need for a safe. With Bitcoin, you are the bank! Just follow these simple steps: 1. Get a Trezor or Ledger. 2. Initialize it and write down the recovery seed. 3. Use an additional passphrase and keep it in your head (don't write it down). 4. Transfer your coins to that wallet (seed + passphrase). 5. Store the seed (but not the passphrase) in 3-4 separate places. 6. Done! Your coins are more secure than any vault in Zürich. That's the beauty of Bitcoin. Being non-physical has its perks! Now, try to do this with gold or silver... |
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