People would never buy the $60k coins when they can just mine it for 1/10th the price.
[...] so yes many people will pay more, possibly a lot more, than the mining cost to acquire btc. after all they will still profit if the price goes up. miners will make more (at the time and expense of acquiring, setting up and maintaining asics and pools) but profit is profit. Do you raise cattle and slaughter them for your family subsistence or do you just buy meat at the supermarket paying the chain costs and a premium? exactly. for the average person, just buying btc is the simplest way to acquire it. mining can be hit or miss, lotta variables in it, as well as just plain luck on occasion. but for folks like me, a hobbyist class miner, besides getting btc "at cost" its a much more fun way to get some. |
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just came across an old receipt.. sold 3 btc for 25 bucks back in 2012.
dont even remember what i used the 25 bucks for. i hope it was nice.
That's about the time I got my titanium yoyo for 4 btc. I still have it. It's a daily reminder to HODL. im considering framing the receipt and hanging it somewhere for the same reason.. to remind me this is why we hodl. |
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just came across an old receipt.. sold 3 btc for 25 bucks back in 2012.
dont even remember what i used the 25 bucks for. i hope it was nice.
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HODLSLEEP!!
er, that word is trademarked by mic already only until CSW claims he came up with the term 1st and challenges mic for the trademark. |
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10k Tonight? Go!
TBH, I'm hoping for a small pullback, so I can BTFD before $10k, and finish off acquiring another whole kernel of corn (Currently at 0.72 BTC purchased on dips). Not going to FOMO at these levels, despite having the cash already loaded on the exchange. ive been doing the dca thing with small amounts of fiat (and some smalltime shitcoin mining autoconverting to btc) for a while. but a few days ago i just said screw it and pulled the trigger with a larger amount of fiat for some extra corn. im to lazy to try and find and track the dips, although i have laddered buys and sells on an exchange that have worked out fairly well so far. i do shift those up and down occasionally as needed. so i dont really worry about pullbacks or corrections (or spikes) when buying, im long term hodl for the most part so it works out ok for me. |
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As for upside on digital shitcoins, as I've said a million times already, you cannot rig the price of Bitcoin to like $60k while cost of production is $3-6k. People would never buy the $60k coins when they can just mine it for 1/10th the price.
so.. the average person, who can barely run a computer, will buy asic(s), join a pool and setup a wallet (as many exchanges dont like miners paying direct to them, but maybe thats changed), and send the pool payouts to maybe an online wallet, maybe a hardware wallet, whatever. then send to an exchange. and take the time to figure all that out from scratch (and probably make mistakes or get burned in the process) just to acquire some btc. when they can just join an exchange and buy it right now (yes at a premium vs a miners cost), no fuss no bother. quick and easy. so yes many people will pay more, possibly a lot more, than the mining cost to acquire btc. after all they will still profit if the price goes up. miners will make more (at the time and expense of acquiring, setting up and maintaining asics and pools) but profit is profit. |
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Why would anyone here give any ratt's ass about what a banned member thinks about anything? especially one who has proven to be substantively disingenuous in the past? Couldn't be bothered to click on that. I'd rather spend a few more minutes looking at this.  Now we do not swim, we're just diving.  Just perfect, any more of her.  i must admit looking at her is much better than reading, and while i have no more of her there is more from shelby: And a reply in there raises an interesting point. Since it'll in effect be a foreign currency or asset it'll be taxable a la BTC. Obviously that doesn't really matter in America where it'll probably remain stable enough but in other countries with weak currencies and similar tax set ups it may trigger giant tax bills if you use it.
Your reasoning is flawed. Most of the poor people in the developing countries are below the threshold for any tax. Even if presuming a 33% tax, they wouldn’t rather lose 99% instead of 33%, or 80% instead of 26%? |
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Bleah, have to log in for that. More generic flamage? So when will Libra turn into fractional reserve? Can we have a poll on that? C sorry, here is a link for non twitter users. https://archive.is/https://twitter.com/iamnotback/with_repliesi fully understand not having an account there, same with facebook etc. hate social media sites myself. i keep some accounts on various ones (with no or minimal personal info) just so i can see some of the links posted that require an account for access. i never actually post anything on any of them. yup i feel dirty whenever i go to facebook or twitter etc. |
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Craig is a threat to this whole forum, and his threat continues to grow.
wait, he is going to copyright this forum and its contents? |
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I really need to investigate hardware wallets. My instinct is to rely on running a full node, and using sensible security precautions on the computer. I feel slightly uncomfortable about using a 3rd party product, especially with a Bluetooth connection. I'm sure this a self-imposed limitation, as so many people seem to be using these wallets, and they have obviously checked the security they offer.
i really suggest a hardware wallet for any significant amount of coin. partly because of its ability to be recreated based with its seed words if lost/stolen/broken, and partly because of its "plausible deniability" feature of having multiple independent wallets on the same device. that being said, ive run the core wallet on my always on windows desktop pc since 2011. desktop been rebuilt a couple times but the 2011 wallet has always gone onto it and is there now. i use it to receive mining payouts and occasionally send transactions to an exchange. so good computer security and common sense on its uses is the main thing if youre going to keep using a software wallet. i mention it because it seems someone always comes along and says using windows is practically a guaranteed way to get hacked. well *nix is better security wise but windows, when properly configured and updated is pretty good too. not that i recommend running windows and a software wallet, hardware wallet is the way to go IMO. but it can be done. i have trezor one, trezor t, and ledger nano s. i like the trezors best. |
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I know that some peeps don't like roach, but I thought that the most recent flag against him was merely to warn newbies (and I suppose others) about him - not to get him banned or to get his post deleted - even though some peeps would not mind achieving that either. Of course, roach seems to go on a bit of a worse spouting of nonsense from time to time, but his nonsense doesn't really seem to be getting any worse - maybe running out of shock value, and lots of folks don't likely read his posts in detail - maybe skim them from time to time, including yours truly.  By the way, sometimes I believe that some of Roach's posts are allowed to stand that should be deleted - but of course, discretion is going to differ from person to person, and overall, infofront does seem to strike a decent balance with his largely hands-off style, and largely leaves it to us to tell roach to fuck off or to ignore roach or whatever other variation of interaction with roach (or not) that we might individually choose. anyone reading roach will very quickly find his anti crypto, racist, sexist, anti semitic, anti anything except white stance. like within a post or two. his posts almost never vary, its like he has a macro or just copy/pastes from his standard template. i dont think anyone really needs help figuring that out. and once in a great while he does post something useful on some subject in which he does have some knowledge. i cant actually see any harm in his obviously wacko postings, and after all thats what the ignore button is for. perhaps delete his really offensive posts is all thats needed, and infofront seems to have a good balance there. not that im defending him, personally i find hes a thoroughly vile and despicable person, and im not even on his hate list as far as my demographic. guess my point is, there no need to ban (or arbitrarily delete every post of his) him here in this thread. once we start to arbitrarily delete posts that disagree with what most of us think, well i dislike where that may lead. i do not want the WO thread to be an echo chamber. i find this thread is my main source of bitcoin information, and both good and bad information is needed for one to make informed decisions. |
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been more or less expecting this.
i pulled everything from binance today (not much) and will join the us version when its up and running.
im not really a trader (well i do a very few trades) so its no big deal but for those usa persons that do.. sucks man.
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Been a while since I've updated this. Bitcoin has established 11 doubling floors since 2012 at a starting price of $2.50. This time period probably captures most of the crowd still hanging around WO. Anyone here still hodling pre-$2.50 corn?
yup mined in 2011. still have some of those. when i started they were ~$10, went to ~$35 (woot!) then crashed to around $2 towards the end 0f 2011. but i still kept mining even at those prices. paid off big time later of course. but i didnt discover WO till way later. |
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much to my surprise, a couple days ago nicehash paid a little more from what they owed me from the hack a couple years ago. not much, and they still owe me, but a payment came through. it has been a loooong time since the last payout.. maybe over a year.
This is my own personal understanding on the subject. I've been getting regular payouts from Nicehash from their repayment program as soon as I started mining again. If you're not mining, the repayments will not be regular; instead they will accumulate in your mining account until the preset limit is reached, at which point they pay it out to the wallets. The minimum payout limit is dictated by the network fees thanks, that explains it then. i havent mined there since the hack. if they ever finish paying me off i may reconsider. not that i have tons of hash, so i dont miss it at all. |
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Moon news: https://www.nationalgeographic.com/science/2019/06/massive-blob-discovered-moon-surface/Huge mystery blob found under the moon's far side
Researchers have discovered something massive lurking underneath the far side of the moon: a mysterious blob with the mass akin to a pile of metal five times the size of the Big Island of Hawaii.
The structure, described in a recent study published in Geophysical Research Letters, sits at least 180 miles beneath the South Pole-Aitken basin—a colossal crater punched into the lunar landscape billions of years ago, when the moon's initially molten surface had cooled just enough for impacts to leave a lasting mark.
The blob is likely related to the crater's formation, and it may be the remnants of an ancient impactor's metal core, says study coauthor Peter James of Baylor University. TMA-1 has been found |
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re: nicehash
much to my surprise, a couple days ago nicehash paid a little more from what they owed me from the hack a couple years ago. not much, and they still owe me, but a payment came through. it has been a loooong time since the last payout.. maybe over a year.
anyone else get a payout? or has anyone received all that they are owed?
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My girlfriend had what turned out to be an ant trapped in her ear. And it was one of the bitey ants. We tried to drown it with olive oil like the internet says, but that only made it mad. So she insisted we go to the hospital, which was a waste of money as the doctor couldn't get it out. Try not to go to a hospital in the Philippines if you have the option.
The thing eventually died about 24 hours later, but only after it had bitten the shit out of her ear. She had bleeding and temporary hearing loss... All is good now though. Just thought I would share that fun story with you.
for foreign objects in the ear, an ear nose and throat doctor is the go to solution (they have the tools and expertise to not damage the eardrum). and bugs in the ear are a priority appointment, call and tell them they will get you in that day. im surprised the ED didnt refer you to one. source: i worked at an ENT practice. caller with bug in ear? come on down now. we got bugs in the ear all the time. although children putting the most surprising things in their nose was the most common. kids putting batteries in their nose was the worse (corrosive if they leaked). if we couldnt get it out in the office a surgery was scheduled that day. mainly for anesthesia, no cutting was involved. but the tools had to do pretty far up, its amazing how big the sinuses are. |
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We're gonna need a whole new internet if JJG and Shelby start discussing things.
I've already had some exchanges back and forth with that nutjob, and he is an expert at technical divergence, obscurity of points, irrelevance, appeals to status and other bullshit logical and misrepresentation fallacy presentations. I believe that you would much rather go have a drink with me, rather than that pretentiously pompous ass, who has been banned from the forum several times due to [...].  The only word I understood there was 'drink' and I believe you're right, we 3 should meet up while this whole thing blows over and put the world to rights. O.k... theoretically, it seems like all fun and games, and I am pretty sure that I would not have any issues passing some shit (over drinks) with you, V8, but Jesus f-- c-- I am not confident in my own level of tolerance to put up with pretentious fuck anunymint.. ... it's like going to have a drink with Craig SW.... I feel a lack of sufficient patience to tolerate such a farcical attention-whore bullshitter. hey id be down on being in on that conversation. although honestly my brain would hard lock within minutes in all likelihood. maybe i will need to bring an electroshock machine to restart my brain as needed. his inability to make any genuine or meaningful points without exaggeration(s) whos? yours or Shelbys? i can always have teams of scientists, physicists and game theory experts on call to help interpret Shelbys arguments. not sure what to have on call for your stuff |
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