I don't have any problem with the idea of "nobodies" giving interviews because it is quite likely that every single member of this forum (who is a real person rather than a bot) has individual experiences that are interesting and can be relevant and interesting for others to read, but one of the problems and difficulties is that some people have difficulties figuring out how to provide at least enough personally specific facts in order for the story to have some kind of level of interestingness due to some of the individual details... which likely any of us can only get to that level by providing some personal details rather than just giving the conclusions about what happened and without fleshing it out.

I am not going to even try to say that I am any kind of interesting person, because i am likely boring as fuck to some people.. but then sometimes there can be certain pieces of a story and even facts that can be unravelled and explored in order to attempt to get some kind of an interesting angle to an otherwise mundane story....

....and for example, one time more than 20 years ago, I recall telling a story about eating some live squid to some family members, and I recall that I sent an e-mail on the topic, and my e-mail was only a few paragraphs, but I went over a lot of the details of how my experience had gone... and it probably took me more than three hours to write those three paragraphs.. I wrote the first draft, and then edited it, and then the next day, I edited it again, and added some more facts, and then right around the third day I sent out that e-mail and my live squid eating story..    

...and so even the other day, I went on a not so interesting walk, and then as I was approaching the water front, I saw a right around 40-year old guy who was riding a tricycle with coconuts out of the back of the tricycle, and he stopped near a coconut tree and as he saw that I was walking up to him, he pointed at me and then pointed up to the top of the tree (which was about 60 feet), and pretty soon he started climbing the tree.. and I just stood there watching him for more than 10 minutes and torn between whether I should continue to go on my walk or to finish watching him get about 15 coconuts from the top of the tree and throw them to the ground, and then when he got back to the ground, I asked him how long he had been in the coconut business and climbing trees like that, and he said 3 years.. and I thought wow... and I probably even said "wow," and I asked him a few other questions as he was loading up his coconuts into a weaved sack to take over to his tricycle, and I did not ask him how old he was, but I still was thinking (and probably even implying it with some of my questions to him) that he is pretty old to be climbing coconut trees like that and maybe making around a couple dollars per coconut. and even was almost feeling like giving him a tip, just for watching him, but as he was gathering his final coconuts and taking them to his  trike, I started to continue my walk, kind of slowly, and then maybe it was just a minute or two later as I am walking, I looked back, and the tricycle was gone, and I saw that he was already on the other side of the street and riding in the opposite direction.. but my witnessing of the event stuck with me for that whole day and even several days after, which caused me to think about it as an example for this response.

My point is that somewhat boring things can sometimes be made to sound somewhat more interesting due to some of the individual tailoring and addition of some details, including if some attempts to capture the moment are added. .and some of those personal details might be similar to the experiences of other people, like a friend told me about bitcoin.. .. but then if you tell me something interesting about that particular friend (like he smoke 3 packs of cigarettes a day, or that he had a parrot at his house or that his dad was a very depressed person, even though he had around 15 children from 5 different women), then your story becomes more individualized, even if some other member might have friends just like that guy/gal and there is nothing really overly interesting about your story, except for the fact that you had added some personal details or some specifics or even saying how something made you feel to flesh out how some of the more important aspects played out for you...

After reading these posts, I had to look up some of the Sam Trabucco information, so yeah he was at Alameda Research from about March 2019 until August 2022, and so he was co-CEO for only about 10 months.

https://en.wikipedia.org/wiki/Sam_Trabucco

I guess it is not really clear where he is, but I suppose if he is on his $2.5 million yacht.. then people might have some kind of ideas where the yacht is..

Bought a Yacht in 2022 (September 2023):
https://cointelegraph.com/news/ftx-yacht-former-alameda-ceo-sam-trabucco

Might be in South America area (March 2023)
https://bitkan.com/learn/where-is-sam-trabucco-now-who-is-sam-trabucco-12918

Oh thanks for highlighting that.. because some times some of us are getting into complications that we do not sufficiently understand the trade-offs, and it took me a bit of time to even start to use the passphrase, but it seems really to be a great feature and not very difficult to use.. but at the same time.. each of us should be attempting to at least have increasing levels of security if the size of our stash is going up, but we have to be careful about not rushing into things that we don't sufficiently understand, which is part of what Antonopolis had been seeming to want to point out in that first video that you linked.

Yes nutildah, with your seemingly borderline tortious intermeddling, I am sure some members already recognize/appreciate that you are quite the self-proclaimed (self-appointed) expert in terms of which posts and members deserve and/or don't deserve merits to be sent to them...

My below-quoted post from within the last 12 hours on the topic likely deserves repeating in this thread since you, daddy dildah, happen to want to continue to proclaim and/or imply that you know so much regarding this topic regarding who and what deserves merits...

Maybe theymos should just assign all the smerits to you, daddy dildah, since you are such an objectively-valid pro in that direction?.. no matter what is decided, you likely do deserve some kind of a higher office in the forum or otherwise regarding smerit responsibilities that many merit source members carry out on a volunteer basis. that should be undisputed how a lot of this needs to be managed, daddy dildah...



right?



right?




riiiiiiiiigggggggghhhhhtttttttt?

Governments vary around the world, and some of them have their own money they can print and some of them don't and most of them have some options regarding how to manage their treasuries.. even if they might have mandates from higher levels of governments or reporting obligations to the people.  Governments are already incentivized to participate in bitcoin rather than fighting bitcoin, but they can do whatever they like including having fun staying poor. .. it is their choice to figure out how to get involved in bitcoin, if they have options and abilities and powers to do so... and yes, sometimes governments seize assets too.. they are supposed to be acting in the public interest when doing these kinds of things, but some governments have various injustices within their ways of operating.


Yes.. there are no coiner and low coiners, and sure many of us already realize that folks in those categories are likely going to be better off to not only study bitcoin but also to take action, but at the same time, we know that an overwhelming majority of people remain no coiners and low coiners for a long time, and maybe it will take a few more cycles (or another generation or two) before some of them really start to realize that they need to figure out some kind of a bitcoin allocation plan.. for their own good.. and in the meantime those of us who either already have bitcoin, or who start stacking sats earlier are going to be completely advantaged over the many many already existing laggards who don't have time for figuring out their bitcoin strategy and acting in ways to facilitate bitcoin accumulation sooner raher than later.... and they can have fun staying poor, too... Those of us with bitcoin and who already know that it is a good idea to buy bitcoin or to mostly HODL bitcoin, can only do so much in order to help people in terms of how they think about bitcoin and/or to attempt to inspire them to actually take some bitcoin accumulation actions.. For the most part, they have to figure some of it out on their own and start to act upon their learning about bitcoin in order to hedge and/or to protect their own financial and psychological interests.. and yeah, if they don't know it, then they don't know it.

Of course equities usually fit into the way that people diversify their assets, and you had mentioned that you had a form of 401k .. which would allow you to have some exposure to equities and bonds through that too... depending on how diversified that you might have that, but there are ONLY 5 fund categories in that one anyhow..

Surely, silver, gold and other commodities is a kind of a category in which bitcoin might not completely be able to completely replace their physicality. so there could be some limited use cases in having some exposure to them.. perhaps?


I am not resting assured from those two videos, so in that regard, I have my doubts that shamir backups are a slam dunk as better than multi-sig.. including that multi-sig allows for not having to bring all the keys together at the same place (even though surely Antonopolis had pointed out one of the dangers to have the  public keys for all three but maybe only needing the private keys for two)

It seems that one of the dangers that bitebits was wanting to lesson is the potential problems of being reliant on one manufacturer, but sure, if you end up overcomplicating your matters, then you become your own danger to yourself.

Hard to get excited about stacking the shitcoin also known as silver, but hey if you have ways to get it and ways to sell it that are comfortable to you, then you are likely one or two steps ahead of a lot of "us" mostly non-commodity holding normies.. and not even conceding the stacking of silver to be a good idea (even if you might be able to figure out the sourcing and/or the ways to liquidate).


Yeah.. I watched that from another time that you had posted it... it is quite good in a kind of nerdy way, as you seem to be suggesting, and I also forwarded it to some folks in real life.. and then also I posted it once or twice in other places on the forum without remembering exactly that you had been the one that posted it previously.


I don't really disagree with what you are saying here overall AlcoHoDL - however, there is a bit of a difference between entering a passphrase that leads to a previously used location versus one that leads to a bunch of empty wallets (that thereby presumptively would have to be created since the route had not previously been attempted).

In other words, if you enter in passphrase that leads to empty wallets, Trezor will provide a message:

"This hidden wallet is empty.  To make sure you are in the correct hidden wallet, please type the passphrase again."

And it thereby allows you to enter the passphrase again to confirm or to just exit out.

There is another box that you can check that says: "I understand passphrases cannot be retrieved."

On the other hand, if you enter a valid passphrase that has value contained therein, it will not give any message or prompt, but just open up to the wallet and the balances of the various accounts therein will be shown.

---

By the way, reading through some of this triggered me into looking into the decoy pin feature, and I surely do not see how to set up a decoy pin.  I did not even know such a feature existed on Trezor even though I heard that some other devices (such as cold card) has such a feature.. and they also have the brick me pin.. and I don't really like the idea of a brick me pin, but I do like the idea of erasing all the data... but I still cannot find how to enable such a feature on the Trezor..

Ok.. I just found it, and it appears that you have to use a "terminal window" in order to set it up, which seems a bit confusing to me.. and goes to show that some of us (including yours truly) are spoiled by GUI interfaces.

https://trezor.io/learn/a/create-wipe-code-to-erase-device


My use of the trezor seems to go in streaks.. and there could be several weeks that I am using it, but then not using it for months or even years.. and maybe these kinds of activities can vary - including that we might want to actually test out our device and system at least once a year and perhaps more often..   I have some recent business activities that are likely going to cause me to have to start to access the trezor more often, but surely I can see guys going more than a year without even touching their device.. which then could go to questions about whether we for sure know if our trezor is missing.. hahahahaha.. depending on how secure we might be in terms of placing it next to the TV remote or next to our computer, or in the bedroom between the mattresses or in a safety deposit box in the next city over or in our parents cellar safe or in another country that we visit once every two years.. hahahahaha


Don't forget the dangers of hypnotism.. or gosh are there truth syrums that someone could put into your drink. and maybe you really don't want to know certain things without having to consult with some kind of way to put some pieces together.. but if you enter your pin or passphrase (or even your 12/24 words) enough, it might get committed to your short term and even long term memory.. is that a good thing or not?.. I do know that the longer I take to access some of my information, it can sometimes seem very complicated, even though I had previously thought (a couple years earlier) that I had created a pretty straight forward system.. but then does it really work..

By the way, I have a little bit of a story, and I am not sure how much I should tell, but I had a situation in which I needed the seed phrase that was supposed to be in three parts and I was missing one of the parts (for reasons), and so I knew that I had two back ups of the three parts, and so I called up a life-long friend, and he surely is not very technical and even though talked with him about bitcoin several times, his eyes glaze over while he is looking at how complicated his flip phone is or that he is trying to get his remote on his TV to work.. (he doesn't have internet).. but anyhow.. I called him up, and I asked him if he could go to the location in which one of the pieces was located, and I would give him the code to get in, and then I would give him instructions about how to get to it while we were on the phone live, and he said o..k.. and he would call me when he was at the location.  It took about 5-10 minutes just to get to locating the place where the words were, and I told him that it would probably be 8 words, and he told me that it is only 4 words.. and then I remembered that it was a 12 word split up instead of a 24 word split.. and so when he read me the 4 words, he mentioned that one of the words was "xxcxxxxx", and I said that does not even sound like a real word, and he read it several times and told me that is what it says.  I said o.k... so I wrote down the 4 words, and I told him that I would let him know if I had any problems in terms of getting access to the wallet that I was wanting to get, but I would have to do it in a few hours.

So when I put together all 12 words, and I typed in the "xxcxxxx"  by the time I got to the second letter, there was already a suggestion that had the word to be "xxrxxxx".. so my friend could have had sworn that the word the one with the "c" and neither of us even thought about the word with the "r".. so sometimes simple mistakes can be figured out, but some kinds of more complicated mistakes might be a lot more difficult to resolve.

Oh.. and by the way,. the whole time my friend was telling me that he was not even going to try to remember anything that I was telling him.. a kind of courtesy message to say that he was recognizing and appreciating that I was sharing private financial information with him.. but part of the reason that I picked him to do it was that I already considered him to be someone who I could trust with that information and even more information than he might be comfortable knowing about.


ditto

Could be.


could be


I am having trouble with your expectations regarding what the Appeals court is going to be doing in its guidance.


They already told the SEC that it has failed to provide any kind of a reason and so therefore the Appeals court has told the SEC and the world that the SEC's failure to provide an any kind of a reason that is not arbitrary/capricious is insufficient.

Why would the guideline tell the SEC what a good reason might be?  That makes no sense.

Generally speaking the precedence that comes from the Chevron case, I believe, is that agencies have a wide range of reasonableness and courts are not going to second guess them as long as they provide a reason and any reason that does not devolve into arbitrary/capricious or otherwise in violation of various public policy norms.. Now that the court has proclaimed that the SEC had already acted arbitrary/capricious, the SEC has to come up with some kind of a reason that makes sense in the context of things rather than making it seem that they are just making shit up.. and why would the court give them guidance in regards to how to do their job in terms of thse kinds of matters, does not make a lot of sense to me.

Chevron remains the standard but the SEC already got themselves into a bit of a pickle by what the court had already ruled their behavior to be, which is arbitrary/capricious and really lacking any kind of a reasonableness .. and the court would not even need to agree with the SECs reasons as long as they can come up with something that makes some kind of sense and does not devolve into again being arbitrary, capricious or in violation of some other public policy norms.

Your overall point about the possible stalling tactics of the SEC to use the muddiness of trying to figure out what to do might be enough of a reason to grant Blackrock (and maybe others) before Grayscale, even though that could end up getting them into trouble if it appears that delay Greyscale is a kind of retaliation rather than also having some kind of rational basis that makes some kind of sense in the whole scheme of things.


Yes, it seems reasonable that the SEC could have some doubts in regards to a lot of the outstanding and ongoing litigation around DCG... and they likely need to attempt to take that into account in one direction or another, which could cause some uncertainties in terms of approving Grayscale.. .. so surely there remains ongoing uncertainties regarding how the SEC might end up playing these various matters in light of a variety of deadlines... and they likely already have some ideas where they want to go.. but then various court rulings do have to be taken into account and sometimes even some of the new applications that relate to Ethereum products (not wanting to necessarily consider that the shitcoins are any kind of a major factor even though, we cannot always know how the SEC might relate these various products, litigations and applications in order to justify what it is that they are doing, what they are saying they are doing and/or planning to do)

I appreciate your providing how your perspective has changed and even your practices have changed, but it seems that you also are not very hedged in terms of how much value that you might be keeping in various fiat systems.. which may or may not be very practical for most people to consider something like keeping all of their value in bitcoin... even though the most common error is in the other direction, which is the overwhelming majority of the world's population, seemingly more than 99% either do not have any bitcoin, or they have piddly bitcoin allocations... and so that's the way of the world and those who are overly allocated in bitcoin are likely going to prosper quite well into the future, so long as they do not end up recking themselves by overly allocating in such a way that they do not adequately account for their various fiat expenses and/or that there could be overwhelming periods of time in which bitcoin price goes sideways or even down and so hopefully you don't end up becoming one of those people who end up not being sufficiently hedged for either BTC price direction.

Fuck off with your "last word" lecturing to imply that there might have had been some kind of need for merit source members in the WO thread to take some kind of action to tailor and/or improve their smerit sending practices in the WO thread in accordance with your baloney fantasy standards... and your bullshit implications that your thread had any kind of substantive/meaningful (or even desirable) effect in the direction of the WO in regards to your quasi-delusional wannabe a merit czar ideas of "troll problems" in the WO thread.^**

**I would have said the same thing within that other thread, but you locked the thread after you set forth your fantasy-landia self-absorbed morality assertions.

Did you try clicking on the pic?

From this discussion, I think that I am starting to understand some of the ideas more also, and truely if you hafve to use a 37 or 39+ character pin, then holy fucking shit, you are not going to be using that wallet very often because Trezor frequently requires you to enter in the pin when you are doing various transactions and to confirm transactions.. and maybe it is just to wake up after a few minutes of inactivity and maybe some of those settings could be tweaked in order to not require the 37-39+ character pin every single time.. ..

I don't know the exact answer, even though I know what I do, and from time to time, I also tweak what I do order to try out new things.. and surely we can do what vapourminer suggested which then allows for various seed phrases to be entered each time we are going to use the trezor and maybe if we have a few days of trezor work we conduct a variety of transactions prior to deleting the seed from the device.. which does seem like a bit of extra work, too.. but maybe not a bad compromise..

I think that I had mentioned in another thread that I had some border crossing experiences in which I would not have the seed on my trezor but a different seed, so I am not totally opposed to the practice of carrying a trezor with either a dummy seed or no seed.. but then at some point, i had started to feel less comfortable with that particular seed, so I ended up switching seeds (creating a new wallet).

Another thing is that through the years, many of us might have old wallets and we may or may not be able to access them anymore, but there still could be questions about the extent of their value and even concerns that maybe some value could end up getting sent to them or maybe some historical fork could be extracted...so I am not even sure how to keep track of old wallets and old addresses, even though I have read some posts on the topic too.. with some members entering old wallet addresses into a bitcoin tracker (or watcher) and those seem a bit potentially dangerous practices too.. to be discovered to be watching certain bitcoin wallets/addresses might create inferences that you either own them or had owned them at one time... and then to have them in one place to be connected could be problematic too.. and some of us have probably already made some of those kinds of mistakes in terms of how we are managing our addresses.

I am not upset.. and yes, no problem if you want to bow out.. because surely each of us decide the extent to which to participate, to respond or not... and sometimes the posts get repetitious and other times they start to deviate too much from the thread's topic... and sometimes threads get locked or someone rage quits... I cannot say what might happen, but I don't see any kind of tragedy, yet, even though both DrBeer and I seem to be starting to repeat ourselves on some of these points... which largely might end up allowing for the natural death of the continuation regarding these threads of discussion.


Great point.. I was pretty sure that I had remembered making such a point.. .so yeah. .thank's for doing the "looking it up" work for me... You proving yourself to be a great little helper DrBeer.     


Don't stop.  I was just getting to know you.

You can't stop now.


Yes, and good luck with your no coiner (or is it low coiner?) status.  You are likely going to need it, and no one here, including yours truly, is saying that you have to be some kind of bitcoin lover and to allocate high amounts to bitcoin in order to potentially prosper, but turning a blind eye to bitcoin or arguing that people should not get involved at all seems to be where you are coming from with your ongoing nonsensical belaboring of dumb and non-fact backed up points.

So think about position size of 1% to 25% into bitcoin, and if you are on the bearish side, then stay on the lower ends of that.. such as 1%... you don't need to take more bullish stances in order to still be able to prosper quite well... and between about 2014 until 2020, I was largely suggesting the initial investment range to be in the 1% to 10% territory, but the investment thesis for bitcoin has gotten quite a bit stronger since March 2020 which justifies the movement up to 1% to 25% and also the movement up from $10 per week to $100 per week, yet at the same time, each of us needs to figure out his/her own particulars in order to figure out the right amount of balance in terms if we choose to be aggressive in our bitcoin investment without devolving into a territory of overly aggressive in such a way that we end up recking our lil selfies, which also seems to be part of the example of the guy that I had provided earlier for him to be buying 0.33 BTC at $15k and then to be selling that same 0.33 BTC at around $6k.. which surely was a demonstration that he had been over investing into bitcoin in such a way that he had not prepared himself financially and/or psychologically for the price movements that ended up being contrary to the direction of what he had expected.

I don't want to be a hypocrite because earlier I had mentioned a need to attempt to tailor our answers to what OP is asking and what might be some suggestions that are sufficiently related to what OP is asking without necessarily imposing new hypotheticals onto the situation - however, at the same time, these are public threads, and we are not necessarily going to ONLY go towards answering the OP, but also attempting to address like situations, and largely I gave my examples to attempt to rebut your claim that a loss of anything is too much, and I am trying to suggest that it is not the case, and maybe also to assert that we do not even know enough about OP.. even though he did let us know that he has already figured his own budget amount to be somewhere in the territory of $14 to $20 per week or maybe just $50 in a month which would be less than $14 per week.

But since we are in a public thread, we likely need not be completely constrained to the narrow circumstances of OP. because even OPs circumstances could start out to be like one thing, but many of us know that even cashflows and expenses can change and even views of bitcoin that thereafter end up contributing to changes in  terms of how much OP might become available towards bitcoin purchases and how much he has saved, which then might bring him outside of the parameters that he had initially described to be relevant to his then situation.

I think that in subsequent posts, OP also said that he had some reluctancies towards some of the P2P suggestions, but that he would be willing to look into the matter to see if he might find some that he considers to be suitable for his situation... I personally find some of the P2P to be complicated, but again, I have not really used them, except for the ones that result in face to face cash transactions. .. which may well be quite satisfying if we can get passed some of the potential security concerns in terms of figuring out where to meet.. which sometimes it can be helpful to have reputational systems for that when meeting strangers.. and then if there are local meet ups that can be good, but some people might be nervous (or scared) to get involved in local meetups, too.

Sure, there likely needs to be some motivation for learning and/or taking some steps to set up a wallet or to learn about how to use a bitcoin wallet if there happens to be "free bitcoin" inside, and maybe the recipient of the gift is not going to pay attention until the amount gets to be over a certain amount or they perceive some kind of value that they can get from the gift (the bitcoin) that they perceive to outweigh the costs upon them to have to learn or to have to listen to a parent who is "lecturing at" them.

Maybe the giver teaches the bitcoin recipient that the recipient has a duty to pass on and to hold the family legacy, and maybe that could be an incentive for some recipients to want to learn and to take on such responsibility.  Sometimes it is not clear how to inspire someone who might otherwise not be inspired or feel some kind of a need to learn.

How are you thinking that bitcoin fits (or would fit) into his life?






Anyone?






Anyone?

These are not easy questions, and of course, no one should want to either be reckless, lazy and/or failing to think through situations, but people can also get reckt or to miss out on a variety of opportunities, or paying too much in fees, or to be spending too much time on certain non-productive activities and worries by being overly cautious and unwilling to take various risks.

sometimes there are advantages towards having some money on exchanges and the whole system of bitcoin (and sure shitcoins too) come from price discovery and liquidation avenues being established on exchanges... so many guys here are lecturing about not keeping value on exchanges as if it were the ONLY thing going on, and sure on an individual level, you may well be motivated to maximize your own protections, but you also need to balance how much you might consider to be too much to be willing to lose and not putting yourself in a position that you are overly jittery.

And yeah, $500 has a different feeling to it for depending on your savings (investment portfolio) stash and your income so is different for:

1) someone who does not have any other savings and has an income that ONLY allows for $10 - $30 savings per week,

2)  someone who does not have any other savings and has an income that allows for $400 - $800 savings per week,

3) someone who has $10k in savings, and has an income that ONLY allows for $10 - $30 savings per week,

4) someone who has $10k in savings, and has an income that allows for $400 - $800 savings per week,  

5) someone who has $100k in savings, and has an income that ONLY allows for $10 - $30 savings per week,

6) someone who has $100k in savings, and has an income that allows for $400 - $800 savings per week,  

7) someone who has more than $1 million in savings, and has an income that ONLY allows for $10 - $30 savings per week,

8 ) someone who has more than $1 million in savings, and has an income that allows for $400 - $800 savings per week,

Do I need to go on with more examples to make my point?    Your feelings about the potential loss of $500 is going to feel different depending on the size of your savings and also the size of your discretionary income

And sometimes money is being made (or options are increasing) by using those third-party services, not that I am suggesting that there is a need to trade BTC or to get involved in shitcoins, but just that there could be some advantages by having money on third parties, especially if someone has a cushion and still might be considering ways in which s/he is not thinking in terms of all or nothing in regards to whether to use a 3rd party service but instead considering how much exposure do they consider to be acceptable in comparisons to a variety of other goals that they might have that might even place some value in having money (value) in various places... and I am not even referring to getting involved in shitcoins.. but there could even be some value to keep money in places that are known not to make money (such as keeping some money in fiat) and even to lose money, merely because it is good to have options of ways to be able to spend that money... or even to be able to invest if some opportunities were to potentially come.

Well, we know that holding for the long term is really what matters, so it is not always clear how much management would be necessary at the core, but some of the problems (and maybe challenges) come from having a cashflow that is coming in and the fact that we did not necessarily have a lump sum (or credit that we want to use on bitcoin) that was available to us at earlier dates, so as the money is coming in, we have to decide how are we going to spend it... including that maybe we have $100 to $800 per month that is extra that we can spend on bitcoin, and maybe it largely ends up being less than $100 per week, but at the same time, every once in a while, maybe once or twice per year, we get some kind of an extra lump sum payment of several thousand dollars that maybe we can consider towards investing all of it into bitcoin as a lump sum, or we might want to strategize with it... even though financially it might not be exactly clear if we might be better off just lump summing right way...

and the same is likely true with maintaining our BTC portfolio once we might have reached our accumulation goals, and then we are largely maintaining, but at the same times we are teetering between wanting to accumulate more and wanting to cash some out.

In reading through this thread, some similar kinds of ideas passed through my head in terms of considering how much value comes from making some of the subcategorizations of the various kinds of shitcoins and the various kinds of ways to scam people in various kinds of ways that largely amount to various kinds of affinity scams on bitcoin that either make comparisons or contrasts to bitcoin, whereby bitcoin is adding most of the value - while at the same time, the various shitcoins sometimes can end up serving as real world laboratories in order that if they do happen to come up with something that might work in bitcoin and provide value in bitcoin, then it could be added into bitcoin at the base layer or at a second or third layer.

So does the difference between Coin and Token really matter in the whole scheme of things, maybe not in terms of BIGGER picture ideas, but sometimes in terms of the devils of implementing some kind of a potential non-scam feature, then how the feature functions and the extent to which it actually had been tested could make some differences to know whether it was on a token or a coin and to thereby consider the various incentives that might have played out on a scam project versus if it were to be attempted to be added to bitcoin where the incentives might already be different, and then will the scam token or coin or feature have some positive or negative affects on bitcoin and would it be able to add value.. or make money for whoever is able to implement it on bitcoin and to be able to tie it to bitcoin rather than to some having it connected to some project that has questionable underlying base layer features.

If you think about it, $500 is not really that much to be holding on an exchange that has been around for a decently long time and there really are not any strong signs that they are going to rug pull anyone, even though they have been under quite a bit of pressure in the past year or so and even more so since November/December 2022... which likely shows that there were just people who were pissed off about the obvious scam of FTX going down and somehow wanting to make a connection to Binance and to blame Binance/CZ and a bunch of just nonsense spin because American regulators and financial institutions feel that they cannot control Binance/CZ as much as they would like.

Anyway back to the point about $500 not really being very much, even though it could take OP 6 months to a year to get up to $500 in his account, and surely the first year or so, there may be some desire to move some of the accumulated BTC off of Binance, but after a year or two, the percentage of his overall BTC holdings will become smaller and smaller and after a few years, maybe $500 worth of BTC purchases that are sitting on Binance might only be less than 20% of OPs overall BTC holdings size... .. and sure no one wants to lose 20% of their BTC holdings, and so there still is a kind of balancing in term of the practicality of the withdrawal fees.. and it likely feels much more manageable to be paying 1% to 5% on withdrawal fees rather than 10% to 20% on withdrawal fees... which could just cause disincentives to be spending so much on withdrawal fees so it is worth some risk of holding with third parties just to reduce the withdrawal fees to more acceptable levels, while trying to stay practical and without necessarily getting too greedy about the amount of reduction that would be prudent and reasonable.