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3141  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2020, 08:03:28 PM
Dude enters his seed holding 6 bitcoins into a Chrome extension???SMH
Bye bye bitcoin.
My condolences but good lord, being a hodeler since 2013 he really should have known better.

https://twitter.com/ericsavics1/status/1271589769336598528
(Apologies if already posted)

I get so confused trying to figure out transactions, and from the links that he provided about where his bitcoin's went, I thought that there were 12 bitcoins sent.

 Am I missing something?

Also, it looks like ericsavics@ericsavics1, the guy who lost his coins, had created a BTC address for the hacker to send back funds, and it looks like, so far,  he received 79 transactions (at the time of my typing this post) that amount to 0.54615978 BTC, which presumably are donations from various members of the BTC community.

Regarding his mistake, yeah, it surely does seem as if he should have known better, even though it is one of those kinds of mistakes that anyone could get tricked into, accidentally... so I am not sure what lessons to get from this kind of mistake.  Perhaps, one lesson is that each of us should practice with our devices and our storage mechanisms on a regular basis to make sure that they work and using small amounts to transact, but I also understand that there are some risks with overly playing around too, so there tends to be some responsibility in ongoing learning how to be your own bank because if you fuck something up, then there is no one to go crying to in order to reverse the mistake, especially when it comes to sending coins and gosh, if you send all of the coins in your wallet at one time that is a pretty BIG deal, too.

Also, I suppose, if any of us is holding most or all of our coins in just a few spots (presuming that they are large amounts), then we might want to reconsider how and where we are holding our coins, too.

But, specifically, the mistake that ericsavics@ericsavics1 made was to enter his password or key words into a chrome browser when the keys should be entered into the device (presumably a Trezor, Ledger or one of the other hardware wallets?)... Many longer term studiers of those hardware wallet products have likely heard over and over about that kind of mistake of not to enter your information over the browser but instead to verify on the device, but like I said it does seem to be a mistake that anyone could make, especially if they do not practice using their hardware device or their wallet on a regular basis and/or they are not studying various aspects of the bitcoin space on a regular basis (which I don't necessarily expect normies to be spending anywhere near as much time as me (I admit I have a problem, but I still believe that I am capable of making lots of mistakes and not knowing some basic things) or any of you other fucking WO regulars in terms of ongoingly studying bitcoin related matters).

One of my first suspicious thoughts was that he might have made up the steal to trick "heartwarm" people into donating some satoshis, and after you posted this, i thought it seems to have worked out if my ego's assumption was right.

As you like to say: perhaps, perhaps, perhaps.
Perhaps we'll never know  Tongue

* BobLawblaw angrily grumbles about just seeing a $5M USD/BTC market buy followed by shorts starting to get liquidated.

* BobLawblaw mumbles something about up and number. Maybe.

Bob, i think i can feel you, just that watching these kind of market "moves" makes me more SMH than angry.
But hey, as long as BTC is used to serve as fiat speculator's whore, we kind of have to get used to these dynamics.
Honestly, i don't think it will be easy. Ever. But it would be better.
Do yourself something good today  Wink
3142  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2020, 05:27:32 PM

I think you got what I wanted to say.

The "not your keys, not your coins" motto applies to the cases where the keys (raw keys, seed, whatever) are not held and managed by you, but by a 3rd party (exchange, etc.). If you have your 24-word seed, you have your keys. And if you haven't given the seed to anyone, you, and only you, have the seed (hence the keys).

One could argue that a paper wallet's QR code is not a real key. You still need a camera and s/w to decode the QR code, right? You see what I mean? The 24-word seed is just a smarter way to encode keys, just like a paper wallet's QR code (or alphanumeric code) encodes a key.

What's important is not the encoding itself (seed, QR code, alphanumeric string, whatever), but WHO HOLDS those keys... If it's you, and only you, who holds the keys, then those coins are yours and nobody can touch them. Seed or QR code makes no difference.

X-actly  Grin
I was just in a slight rush of possibly having misunderstood ledger's security model.
3143  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2020, 05:08:17 PM
No kidding. Not your keys, not your coins. Seeds are not keys.

I fully agree with everything you've said, except the above.

If you can go from your seed to your keys in a deterministic, well-defined and publicly known way, then the two are equivalent. Seeds are keys.

It's exactly like the difference between a key in QR code form and in alphanumeric form. They are the same, just expressed differently. As long as I have my seed, you can take my Trezor and crush it to little pieces. I still have my keys (encoded in the seed) and can use several methods (a new Trezor/Ledger or any other h/w wallet, Mycelium or any other s/w wallet, I can even do the calculations myself) to gain access to my coins. And no one has to (and should ever) know my seed, except me. The entire process can be done completely offline.

Having said all the above, I do believe it's good advice to use paper wallets, especially for the non-technically literate coiners among us, who can easily fuck things up by doing something stupid with the 'puter, just like a kid can be injured by playing with a sharp knife (not the knife's fault).

So you're not just telling me that a ledger nano is not "secure" without physical access?
I don't mean the software or transaction processing server, since the keys are stored only on the ledger and encoded into my written seed.
Did i miss something?

What I'm saying is that you can write your 24 seed words on a piece of paper and completely destroy the h/w wallet and anything related to the process of generating the seed. The seed alone is a map to get to your keys. No need to access any server or anything on the internet. You just need that little piece of paper. There is a mathematical one-to-one relationship between your seed and your keys. Nothing else is needed.

That corresponds with my knowledge, and combined with this:

Quote
The private keys are yours, and are generated randomly through the local chip. They're in no way connected to a server over at Ledger nor is Ledger capable of getting hold of your private keys.

...makes the private key itself secure, even if i can't read it (but i could compute it offline via the seed, store it in paper format and wipe the ledger).
But according to "not your keys, not your coins", as i lack physical access to the private key directly, the "not your coins" part becomes valid (somehow).

All good. Also, i'd be quite a fool to have all my hodlings on a single address.
3144  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2020, 04:31:00 PM
No kidding. Not your keys, not your coins. Seeds are not keys.

I fully agree with everything you've said, except the above.

If you can go from your seed to your keys in a deterministic, well-defined and publicly known way, then the two are equivalent. Seeds are keys.

It's exactly like the difference between a key in QR code form and in alphanumeric form. They are the same, just expressed differently. As long as I have my seed, you can take my Trezor and crush it to little pieces. I still have my keys (encoded in the seed) and can use several methods (a new Trezor/Ledger or any other h/w wallet, Mycelium or any other s/w wallet, I can even do the calculations myself) to gain access to my coins. And no one has to (and should ever) know my seed, except me. The entire process can be done completely offline.

Having said all the above, I do believe it's good advice to use paper wallets, especially for the non-technically literate coiners among us, who can easily fuck things up by doing something stupid with the 'puter, just like a kid can be injured by playing with a sharp knife (not the knife's fault).

So you're not just telling me that a ledger nano is not "secure" without physical access?
I don't mean the software or transaction processing server, since the keys are stored only on the ledger and encoded into my written seed.
Did i miss something?
3145  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2020, 04:50:35 AM
Good afternoon Bitcoinland.

Still bouncing in the mid-$9xxx range... currently $9479USD/$12866CAD (Bitcoinaverage).

Definitely boring.

I remember at that time it was just about cost. Everybody wanted Intel, but many couldn't afford it, so AMD became popular as a "poor man's CPU". You'd get comparable performance at a lower cost.

I was going through a bankruptcy when I needed to update my old Pentium 100MHz Win95 machine with 8MB EDO memory.

I bought the cheapest socket-7 mobo that supported  both EDO and SDRAM since I couldn't afford to upgrade everything at once. so I started with the mainboard. I bought a brand spanking new Shuttle HOT-591P Super-7 mobo (https://www.anandtech.com/show/134) with all the latest connectivity, even a newfangled AGP slot. It was a fraction of the price of anything comparable.

Next came the SDRAM (a whopping 32MB!) and then eventually a shiny new 400MHz AMD K6-2. I was in heaven. My new machine screamed.
Gradually I increased the amount of RAM to the maximum the VIA MVP3 chipset would support... 256MB.

One day a friend came over and angrily asked why my el cheapo AMD K6-2/400 was so much faster than his brand new expensive PentiumIII/600. I asked him how much memory he had. Seems he had the 64MB it came with. Nothing like undue pagefiling to slow a system down.

Years later I went through the same thing with SSDs. People were spending money upgrading their CPUs when they weren't what was bottlenecking their systems.

I'm still using my ancient Core i-7 2600k system until it doesn't do what I need. After that it's Ryzen all the way.

Ahh, these times... Sweet memories  Grin
I still also use the i7 2800k in my desktop system, no real need to upgrade though primary uses are a few 3d games and audio production.
No regret in switching to Ryzen on the notebook, where my main concern is ventilation (no bottom vents at best - sadly a feature of the past, if it's not built by apple).
Recently settled with a Zenbook UM-431, which sucks most of the air through the back. A fair compromise. Not running at too high system temperatures when left on a pillow, playing youtube videos for hours...


Rome had over a million people near the end. A year later it was down to 40k.

This is just the beginning. It will get much worse.

Civilisation.exe is not responding, would you like to end this process?

I'd rather have Visual Studio installed for the "debug" option  Wink

[edited  out]

I'll leave that to the liposuction clinic that will go broke on the billion dollar bills caused by the future costs of my waste body fat disposal Grin

If pandemic, supply line issues, and riots continue, then you might be competing with whale blubber sales to light our lanterns.  Wink

 Cheesy Cheesy Cheesy
3146  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 12, 2020, 08:07:59 PM
ending up doing a full mindrust and losing it all at the click of a button.

I appreciate that we have mindrust locked into a kind of historical moment of weakness, and probably there is nothing wrong with that picture of mindrust's actions because it seems fair and it works for illustrative purposes, even though mindrust has claimed to have boughten back into BTC... and maybe the degree to which mindrust has bought back into BTC is not really playing out to be newsworthy enough to change any of our view of going "full mindrust," and, likely a decent amount of time needs to pass in order to gain confidence and even some further BTC buying actions from mindrust should take place in order to show that mindrust has either redeemed himself from his past errors (or learned a significant lesson) or gotten back into a more solid committed mindset in terms of his whole financial and psychological approach in viewing and acting upon our savior, king daddy.   Wink

For the record, re. mindrust: I treat the "mindrust incident" as both educational and fun/meme material. It's all done in the positive vibes and spirit of the WO thread. Absolutely no intention to offend him. Not at all. If anything, I hope that mentioning his story, in textual, poetic, or meme form, can serve as a lesson to him, and to all of us really, to never let our emotions guide our actions, not in financial/investment matters anyway. Got to keep our cool and be guided by knowledge and logic.

Hopefully, all this will help him see that he must buy back, even at a much higher price than he sold. The thought of having sold at under $4k when 1 BTC reaches and exceeds $50~100k would be too much to bear, at least for me.

I am pretty sure that his sell price was around $4,500-ish.  Anyone free to correct me on this, and maybe mindrust can clarify, if it may be helpful to be somewhat factually correct.

We should not be asserting that he sold at the extreme of the bottom when it was 10% or 15% or so higher than the bottom... still not a good position to be in, but does not match with actual facts including how much worse it would be to have sold at the extreme bottom.. which I know does happen from time to time, too.

Quote
Just so we're clear, Craig Wright has just openly admitted (via his lawyers) to be the guy that stole 80k BTC from Mtgox. The screenshots below show the court documents indicating the "1Feex" address is where the stolen Mtgox funds were sent. What do you have to say, @CalvinAyre?

just lol

Imma sue CSW, Satoshi, Tulip, Ayre and also Ver for my zillion dollar popcorn bill. This is at least the amount it will grow to, because this comedy will likely go on forever.
Any lawyers around here?

Yeah.... sue them because you unintentionally got fat, too.   Tongue

 Cheesy Cheesy Cheesy Cheesy


I'll leave that to the liposuction clinic that will go broke on the billion dollar bills caused by the future costs of my waste body fat disposal Grin

EDIT:
@Bitcoin: Established intermediate support (after corona dip) becoming resistance?
3147  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 12, 2020, 06:49:10 PM
Quote
Just so we're clear, Craig Wright has just openly admitted (via his lawyers) to be the guy that stole 80k BTC from Mtgox. The screenshots below show the court documents indicating the "1Feex" address is where the stolen Mtgox funds were sent. What do you have to say, @CalvinAyre?

just lol

Imma sue CSW, Satoshi, Tulip, Ayre and also Ver for my zillion dollar popcorn bill. This is at least the amount it will grow to, because this comedy will likely go on forever.
Any lawyers around here?
3148  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 12, 2020, 12:32:44 PM
If your thinking o buying an Intel system I would just say no for awhile.

These security issues are just beyond acceptable.

https://arstechnica.com/information-technology/2020/06/new-exploits-plunder-crypto-keys-and-more-from-intels-ultrasecure-sgx/

yeah just grabbed a new notebook/tablet. went AMD as i figured anything with an intel chip will just keep getting slower and slower as more and more security patches and microcode updates are added to slow it down.

not that AMD is perfect but intel? seems like they just didnt give a f*ck about really anything for years till real some competition came back.

I remember a long time ago it was all about heat generation and how AMD CPUs were much hotter than Intel. I guess this doesn't apply nowadays. Long-time Intel fan (no pun intended), but thinking of switching to AMD on my next build (which will be in at least 5 years from now, as I recently upgraded to an 8-th generation Intel).

Well, as i wrote above, the Ryzens keep up with heat management at desktop use, if not even ahead.
Realtime audio generates a little more stress/heat on the Ryzen.
3149  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 12, 2020, 05:27:49 AM
If your thinking o buying an Intel system I would just say no for awhile.

These security issues are just beyond acceptable.


https://arstechnica.com/information-technology/2020/06/new-exploits-plunder-crypto-keys-and-more-from-intels-ultrasecure-sgx/


That's exactly why i switched to Ryzen.
All those "bugfixes" also slow down (lab-) performance of intels considerably.
While Ryzen get's maxed out a little sooner when processing multitrack realtime audio, it's at least on par compared to intel as a desktop cpu.


It requires tremendous effort. So tiring TBH.

Hate being angry. Takes me a really long time to get over some things, unfortunately.

All this shit in Seattle's Autonomous District is really making me super angry. This country is going full retard.

Seems like the whole of the US went full Trump retard. The states better unite against this coward, as in UNITED States of America.
3150  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 11, 2020, 10:04:01 PM

Investing in PMs is like diving the toilet face down, then?  Cheesy
#hodlsleep
3151  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 10, 2020, 05:04:15 PM

Acid is a young persons game. After you get the message, hang up the phone.

I can't agree with you there Jimbo. I'm far from young and still use it. I find that the message changes over time. You could say it gives you the message you need to hear at the time.

Towards the end of my experience with it the message was "You are going to lose your mind if you keep going down this path".  Ha.

Losing your mind (ego) is not the most bad experience. Even if it slowly comes back, you should be able to clearly separate it from the "me" (or "you", or "self"...) from then on. If you got a good "mentor" you likely won't go nuts because you don't know what's going on and you start to panic. If you are left alone in that state, you might be fucked for a while in your old, "normal" life.
(Now i tried to elaborate some details, but i failed three times, so i gave it up and deleted it all).
People who experienced and embraced it know what i mean  Grin

I got a similar message from Nitrous. One odd thing about N2O is I go back and forth in time to every other time I have done or will do Nitrous and get to chat with myself. Very odd, but on one of the last trips I got the message: THIS IS A TRAP! from the future and gave it a rest.

Fascinating stuff. Only drug that can take you to the highest levels of a 5-MEO-DMT trip (another story), then 5 minutes later you are totally back to normal.

Is this like an oxygen rush (get on your knees hyperventilate for a minute and stand up, pressing the full lungs into your closed mouth and nose), but longer lasting?
Like inhaling a couple of the contents of the mini gas tanks you screw into these "cream gun bottles"? (for lack of a precise term)
3152  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 10, 2020, 06:05:09 AM

Acid is a young persons game. After you get the message, hang up the phone.

I can't agree with you there Jimbo. I'm far from young and still use it. I find that the message changes over time. You could say it gives you the message you need to hear at the time.

Once you understand the universe you really don't need any more knowledge.

You haven't gotten the full picture yet.

Oh, I understand the universe as well as anyone can. Lots of help from meditation and psychedelics in that regard. However, I'm far from being able to claim omniscience. Anyone who claims to have the full picture most definitely does not have the full picture.

I'd like to add that saturation of knowledge doesn't have to keep you from experience.
I "know" the message of meditation and selflessness already, but i still enjoy the experience, for example.
3153  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 09, 2020, 10:53:36 PM
Acid is a young persons game. After you get the message, hang up the phone.

Spot on Jimbo.
Judging from my last trip like 35 years ago when I may have “ over indulged” to put it mildly,
if I took 500 mcg today I’d be in the loony bin staring at the waving blank walls and pondering
how I’m just quantum vibration in the vastness of the universe.....

I wonder what such experience might be like for me today.
The last time, the message was that everybody around me, and probably most humans, are struggling in some way. I felt all those broken spirits.
It was clear enough to tell me where my life would go to, on the way i was att. What i would end up like if i wouldn't change...
3154  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 09, 2020, 10:39:47 PM
Heh. Stuff for novels, right there!  Cool
A boring life must be real hell  Grin

I definitely did not lead a boring life. Wink

"Fear and loathing in las vegas" - for most people it was a story, for some it was a tutorial  Cheesy
Boredom is kind of like being dead already, imho. Life is too precious to just bore it out.

Good Fellas did a great job of portraying too much time coked out as well. Smiley

https://www.youtube.com/watch?v=ij06kLDKJrw



Thanks, a great movie. I have to look on the movie archive NAS if i still have a copy of it, should be harder to find a free download nowadays.
3155  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 09, 2020, 10:30:00 PM
Time for some evolving, beautiful structures...

Excluding the recent fakeout, the smaller triangle on daily seems to offer a chance för ä pümp.



EDIT:

Support seems to be on the rising edge, too.
bearwhales and CME, would you please fuck off already!
3156  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 09, 2020, 10:19:05 PM
Acid is a young persons game. After you get the message, hang up the phone.

This statement pretty nails it.
But i always felt that i might get adventurous again when i'm really old, i mean 80+
3157  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 09, 2020, 10:14:03 PM
Heh. Stuff for novels, right there!  Cool
A boring life must be real hell  Grin

I definitely did not lead a boring life. Wink

"Fear and loathing in las vegas" - for most people it was a story, for some it was a tutorial  Cheesy
Boredom is kind of like being dead already, imho. Life is too precious to just bore it out.
3158  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 09, 2020, 08:52:08 PM

You'd definitely become one of the alpha trippers around here.
I'd pass at more than 200mcg, honestly, not only because i died in the 90s on LSD. I can somewhat clearly remember these (probably) few moments that seemed to last forever. Sound, environment and space collapsed into darkness and all that was remaining was my soul, floating through eternal darkness, not frightened in any way, it seemed more interesting to curious me. Later i found out that i accidentally switched off the light in the toilet.


Never died on it but I sat in jail for a wek in soitary while they told me I murdered a guy on it.

gotta say that was not a fun thing to be doing.


I was tricked into an OD and the guy paid dearly.

Heh. Stuff for novels, right there!  Cool
A boring life must be real hell  Grin
3159  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 09, 2020, 08:21:19 PM


Back in the 1960s we used to say, "you can't trust anyone over 30".

 Grin

I was 2 in the 60s.  So you can trust me.

no that "im now two years old" trip was pretty common when dropping acid in the 60s

I was reborn on LSD in the 1960s.

Does that make me Generation X?

If I took 500 mcg (oh for the Sandoz that used to come in through Stanford) now would I become Generation Alpha?

 Huh

You'd definitely become one of the alpha trippers around here.
I'd pass at more than 200mcg, honestly, not only because i died in the 90s on LSD. I can somewhat clearly remember these (probably) few moments that seemed to last forever. Sound, environment and space collapsed into darkness and all that was remaining was my soul, floating through eternal darkness, not frightened in any way, it seemed more interesting to curious me. Later i found out that i accidentally switched off the light in the toilet.
3160  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 07, 2020, 05:35:45 AM
I am back in the 100 million club.

May I post again?  Grin

Welcome back, jackass  Grin  Tongue

I made this mistake too. It took me about a week or two (afair) to get back in. Between $2.4k and $2.8k back in 2017.
Don't repeat it. Bitcoin will punish you by going back up again, right after the selloff. Keep up the trust!
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