Anybody want to start a betting line as to how soon the anti BTC / trolls in general come out of the woodwork with

1) MicroStrategy is manipulating the price posts.
2) MicroStrategy will have to liquidate positions soon posts.
3) MicroStrategy has no more funds to invest posts.

As was posted above 480BTC although out of reach for most people. For a decent sized investment company it is really not that bad.
Nobody for the most part would even notice if a company with their holdings bought $10 million of medium-high risk bonds.

-Dave

When I look at things like this I see them more as designer safes as opposed to an old school one that is secured in the foundation of your house and then covered by a wood floor and a rug.

Just in general in a smash and grab it's a lot more likely to be found and taken then something that is a bit more generic looking.
And yes you can secure it to the bottom of a table but then why the tamper stickers. If for some reason someone sees it they might ignore it.
Ohhhh....a tamper sticker, I wonder what is inside of it......

-Dave

Good luck. Hope you heal quick.
-Dave

And it looks like they defaulted on some other stuff too:
https://twitter.com/DynamicsMining/status/1541262827096358912

It's going to be interesting to see how this all plays out since it's US based you can't just as easily vanish as in other parts of the world.
But, much like not your keys not your coins. How about not your miners not your hash.

-Dave

If you are worried about 4500 old BTC (less then $100 million) being traded then you are a very skittish investor.

For all we know that person just moved it and put in a sell order @ $35000 and will keep an eye on it because they think in the next few weeks there will be a 50% bump in price.

Or they were worried about something else and moved it there to move it someplace else.

Or they want to have a bunch of liquid BTC so they can sell @ $22000 and buy back @ $20000 and sell again @ $22000 because they think that it's going to be cycling between the 2 for a while and want to keep making 8% to 10% during those cycles.

-Dave

A lot of RFID communications are also SHA 256 on the powered side. I don't know if it's a standard or just what the systems I have seen use.
Also it's the standard of a lot of VoIP things, although that might just be coming from the SSL side in general.
And so on.
It's a popular standard, I would not read much into it being used for BTC.

-Dave

The SSL not auto renewing seems to be happening more and more often to letsencrypt sites happened here too last week:
https://bitcointalk.org/index.php?topic=5397602.msg60441862#msg60441862
and also to a server I manage for someone. Just stopped renewing. There are some discussions about it on hosting forums but no real solution as of now that I can see.
The fun of random errors that don't reoccur.

-Dave

Also, keep in mind if you are staking your coins there is usually a cost of time and effort to unstake them. Or if you are using a centralized service there can be other costs.
AND if for wherever reason you are disconnected from the network there may be penalties and so on.
If your mining pool goes offline most mining equipment has the ability to add multiple pools so you don't loose that much.
If your preferred mining pool starts supporting proposals you don't like you can change pools.
And so on.

-Dave

Without knowing a lot more detail about what was planned or many other things it's also all just guessing as to why.
Were they planning to sell 10000BTC for something anyway but because of the depressed market only sold 4000BTC just to cover some things?
We have what they say and what we speculate. But there are probably 1000s of factors going into those decisions.

-Dave
 

The SSL for the 1SPLiTKEY.com site expired last week. Check to make sure certbot is running. https://certbot.eff.org/
Don't know if it's that or something else causing generation issues. Or if my browser is just not happy with the expired SSL.

-Dave

With a little work and a bunch of BTC you can actually do a fair privacy dance with multiple LN nodes of your own. Probably pointless but if you have a couple of large nodes that are well connected. And then setup a bunch of other ones that just connect to each other and then to the large well connected ones your own transactions can easily be lost in the shuffle. And if instead of re-balancing them or closing channels you just use other services to pay invoices now and then back to yourself you could probably hide a lot of what you are doing.

Is it worth it, IMO no. But it can be done.

-Dave

"A good compromise leaves both sides unhappy"

Binance as with most exchanges has to walk a line that keeps regulators happy while keeping customers happy.
BTC users and crypto people in general don't like or want any form of KYC
Governments for good or bad reasons want to know were every bit of money comes from.

In order to operate they have to keep both sides happy, make sure they have enough kyc and coin info to keep the government happy and free enough that they don't loose customers.

@n0nce even has this thread about exchanges not to use because they use taint proclaiming services: https://bitcointalk.org/index.php?topic=5401468
A quick google search can give you a list of exchanges that were shut down for not complying with government regulations.

As I said, it's a tough line to walk. Some just say screw it, lets go with full regulation and KYC and have less users and less govt headaches, others go the other way.
Only time will tell who is left standing in the end.

-Dave

Sometimes it's not just about making BTC by having people view ads. It's about getting eyeballs / clicks on a certain thing and using a few satoshis to do it.

With that being said keep in mind from the script

Anything older then 7.4 is way out of date and vulnerable. I don't even know of any webhosts that still support it.
Take a look at: https://www.php.net/supported-versions.php

I don't know if anyone has updated / ported the script so it runs on a newer version of PHP but if not I don't know if it will work.

-Dave

Meh, most people I speak to about BTC never really believed it would hit $100k or if it did it would not stay there for any amount of time before falling again.
As others keep saying, it's a cycle and every time it gets to new highs.
Also makes you wonder how many people are now out so to speak. I know of one. He mined and spent a bunch over the years and had a 50BTC solo mined block from the early days. Sold at $60k gave 1/3 to the govt for taxes and is now just working to work, not because he needs to.

I can see people wanting to be like him fueling the next bull run. Except instead of getting it for the low cost of mining, they are buying in at $20k and hoping in 10 years to get out at some stupid high number. We will never see them here, they will not talk about it. Just buy and wait. Not a cult, just a financial decision.

-Dave

I am going to go back to the point I made here about cheaply self hosting a node: https://bitcointalk.org/index.php?topic=5399730

Can you do what the OP wants to save some $ on HD storage space? Yes.
Will it cost them a lot of time trying to do it this way and if something changes will it cost them even more time to do it again since they don't have all the data? Yes.

Just because you CAN does not mean you SHOULD.

For a thought experiment fine. For someone who has been playing with crypto for years and knows what the real issues can be fine.
But for real use, probably not.

-Dave

If, and that's a big if they can really get these stateside for $99

https://www.gaminghunt.net/2022/06/04/n6000-x86-single-board-computer/

I think it's going to be very interesting to see how many things that are now RPi based will go in this direction. Yes it's more then a Pi and you still have to add memory, but it's got a lot more power to do a lot more things. AND it's a lot more expandable.

---

Just checked on my Apollo, now been running for close to 5 months. I took it down the end of January when I was stuck at home after surgery to clean it been running ever since I started it again.

-Dave

It's not that much different then when it happens in Texas when they run short on power:

https://www.prnewswire.com/news-releases/texas-bitcoin-miners-turn-off-to-conserve-power-for-the-grid-301547420.html
https://www.theblock.co/post/151084/bitcoin-miners-in-texas-have-been-powering-down-amid-heatwave-and-record-electricity-demand

It's pseudo voluntary in TX unlike Iran where they are made to do it. 

For us, it looks like a big deal. But many heavy industries across many countries have always had to cut power use during high demand times.
We have seen manufacturing plants running overnight instead of during peak demand times during the day in certain locations for years. It's just different for miners since mining is 24/7

-Dave

I had a batch 1 full node and sold it on eBay last year for a very nice profit. I was going to keep it but the inability to update it and running outdated software (even back then) just made me skittish.
Like you I never had any issues running it, but leaving that many gaping security holes on 1 little box was not something I wanted. I have picked up the base unit since then and have a nice USB cable running to it from a machine that is up to date.

NOW, I also know that the old bitmain gear I have running here is also running possibly vulnerable OSs
BUT the old versions of Node and Armbian have known vulnerabilities. I have not seen that much about the bitmain stuff.

Had you put out the how to guide last year I might have tried it. But since there are other ways to run it, that is how I went.

-Dave

And it's all good until with them trying to clean up other peoples poor programming or documentation they break something or introduce a vulnerability.
This has always been an issue with programmers working around other peoples code since forever, not just with BTC.
Same with the keepkey issue. How much time & effort did they spend cleaning up someone else's mess.

-Dave

Where do you get that from? For years BTC was mined at a loss by people who found it interesting.
Even now there are people mining with older inefficient miners who loose money every day even at $50k or $60k per BTC.
As people stop mining difficulty drops so the remaining miners make more. If the price drops even more, more people may drop out and the remaining people will get more BTC
That's the way the system works. That's the way it's supposed to work.

As an altcoin example it looks like that as of the next difficulty change (tomorrow) LTC will have a 25% drop in difficulty since the beginning of June when it's price plummeted.
Would take a bit longer due to the 14 day adjustment of BTC but if miners dropped out the same will happen. But looking at the BTC difficulty, miners are not dropping out.


-Dave