I don't keep my coins on exchanges but does anyone need to remove the coins? I mean isn't BIP148 now not going to happen since segwit will be in place before that date or have I got this all wrong?
(Still a little confused about the whole thing).
It's the only way you will secure getting your new Bitcoin ABC coins. So there is going to be a HF for sure on that date? Is that the Jihan fork? I have my priv keys on a ledger nano S so presume I am ok? (Sorry if I missed some vital info and your having to repeat). I haven't read up much on Bitcoin ABC. Not sure if any orphaned blocks from Bip91 will show up as valid on that chain, too. Or if it has a flag day of the 1st. If your private keys are in your nano, you'll get everything that is due, eventually. Edit: Just read OP of above link. The flag day is the 1st. |
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I don't keep my coins on exchanges but does anyone need to remove the coins? I mean isn't BIP148 now not going to happen since segwit will be in place before that date or have I got this all wrong?
(Still a little confused about the whole thing).
It's the only way you will secure getting your new Bitcoin ABC coins. |
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My friends and family just roll their eyes and just figure it's an extension of my gambling problem. They are probably right. However, since I made my entry in late 2014/early 2015, this has been more fruitful than my attempts at card counting. (Didn't help that I tried to mask my card counting by accepting all of the free drinks.) They may be coming around though. My partner scolded me for using my btc to purchase a small gold bar the other day.
Hehe, it often happens that new adepts are more zealous than seasoned ones... I only wish that I had been more zealous when I started dabbling in cryptocurrencies. If I had invested only a fraction of what I was willing to risk at blackjack over the years instead of chump change, I'd be looking at 6 or 7 figures of value rather than a paltry 4 figures. The saying, "rather be safe than sorry" just does not ring true right now for me. I've been safe and now I'm sorry.  As a partial excuse for you, they do have a real life example/guide, while you didn't. Yes, I first started paying attention to bitcoin around April 2014. I was mining for a BOINC project for charity. All I saw was a march downward in the price. Then I got caught up in the whole XPY scam. No wonder that I was so cautious. Then when the bull took over, I kept being skeptical, and held back, figuring the bear was just around the corner at every ATH. I'm still waiting for the bear to come. Thought it was happening last weekend.
As its only the present that really matters, the choice for you is, do you have the balls to be more zealous now, or will you will risk being sorry again in a few years.
I just can't seem to shake my cautious and bearish attitude. Maybe it's because I'll be eligible to join AARP in 7 months. We GenXers got to see so many bubbles burst. |
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My friends and family just roll their eyes and just figure it's an extension of my gambling problem. They are probably right. However, since I made my entry in late 2014/early 2015, this has been more fruitful than my attempts at card counting. (Didn't help that I tried to mask my card counting by accepting all of the free drinks.) They may be coming around though. My partner scolded me for using my btc to purchase a small gold bar the other day.
Hehe, it often happens that new adepts are more zealous than seasoned ones... I only wish that I had been more zealous when I started dabbling in cryptocurrencies. If I had invested only a fraction of what I was willing to risk at blackjack over the years instead of chump change, I'd be looking at 6 or 7 figures of value rather than a paltry 4 figures. The saying, "rather be safe than sorry" just does not ring true right now for me. I've been safe and now I'm sorry. |
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I've also been approached recently but it's always about mining ETH. I tried so often to introduce my friends to bitcoin that I'm no longer allowed to mention it. If a newcomer arrives and asks about Bitcoin, everyone else at the table will groan or leave...sometimes both. You can take a horse to water...
My friends and family just roll their eyes and just figure it's an extension of my gambling problem. They are probably right. However, since I made my entry in late 2014/early 2015, this has been more fruitful than my attempts at card counting. (Didn't help that I tried to mask my card counting by accepting all of the free drinks.) They may be coming around though. My partner scolded me for using my btc to purchase a small gold bar the other day. |
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Yeah, not to mention that r0ach is only right about metal being non-debt based while it's sitting still.
But just try to move that metal as payment anywhere but to a bubba sitting right next to you, and transaction fees will be required.
And if you don't move it for payment (don't take possession), you introduce counter-party risk and re-hypothecation.
I suppose they could make a machine that checks out the coins/bullion for you. However, I am sure the makers of such machines will charge a pretty penny for said machine or tack on a small "fee" to rent for the use. |
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This means you would have, say $100k in savings and transfer $10k at a time onto a centralized BTC debit card or something. With metals, you would do the exact same thing, move small amounts at a time onto a more centralized system if you need the convenience.
You could not do this and have this system exist without fees to transact. Not possible. The point is you are not REQUIRED to expose yourself to any 3rd party middlemen using metals as a settlement layer like in bitcoin (the miners who demand rent). The energy input >0 required at all times for bitcoin to exist at all makes it a debt based system in practice. Metals are not a rent seeking vortex; they exist with no energy input; they're not a debt based system. You cannot use a debt based system as the base settlement layer. It's completely absurd to even suggest it. So I suppose everyone should then become an expert in examining coins and bullion, to make sure they are not getting counterfeits or debased metals. In the old days, that was what the money changers used to do. They weren't middlemen nor charged usurious fees at all.  |
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 How you posting pics ? Imgur aint working. Your link is wrong. https://i.imgur.com/XUPZ2nQ.png  |
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I decided to put the champagne away. (Actually for almost 8 years now, but that's a different story.) I'm not going to celebrate until I start seeing these pools signal bit 1. Then maybe I'll sample some of my partner's green stash. Or perhaps I'll go to the local store and get an edible.  Why not do both? |
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I decided to put the champagne away. (Actually for almost 8 years now, but that's a different story.) I'm not going to celebrate until I start seeing these pools signal bit 1. Then maybe I'll sample some of my partner's green stash. Or perhaps I'll go to the local store and get an edible. |
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If you have a gun, why food? There a plenty of stray cats, squirrels. rabbits, coyotes, beaver, etc near the creek. I'm sure that I can find plenty of plant stuff to eat in the woods.
I think quixotic is how I'd describe this idea of living a Grizzly Adams lifestyle in a post-apocalyptic world. Well, when one lives in the foothills of the Rockies, the wilderness is not far off. There is plenty of room in this state. And with the federal government hopefully out of the way, that's a lot of land to be able to squat on for only 5.5 million people. When all that people and more go on the wild to find anything to eat... you won't. You better adapt to eat some other human beings before they die of starvation themselves. And right there is where r0ach try to do something with his silver... yeah, right.... I don't think you have any idea exactly how big Colorado is relative to it's population. Plus we have a big state just to the north that is even more sparsely populated. With all of these resources here, I'm sure the survivors will be able to make due. Unless the calamity happens to be Yellowstone blowing off it's lid. Then we're fucked. |
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If you have a gun, why food? There a plenty of stray cats, squirrels. rabbits, coyotes, beaver, etc near the creek. I'm sure that I can find plenty of plant stuff to eat in the woods.
I think quixotic is how I'd describe this idea of living a Grizzly Adams lifestyle in a post-apocalyptic world. Well, when one lives in the foothills of the Rockies, the wilderness is not far off. There is plenty of room in this state. And with the federal government hopefully out of the way, that's a lot of land to be able to squat on for only 5.5 million people. |
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Buy on rumor, sell on news. I just bought a little bit of gold with some satoshi. Not much, but I was bored looking at the silver bullion coins that I bought a few weeks ago. Now with my bullion holdings, I'll be able to buy a month worth of cigarettes if financial collapse happens. You should also get some 90% junk silver coins if you don't already have some. In a worst case SHTF scenario, would be great for barter. I don't likem. Eagles if the premium is low ($2-$2.25), maples if they're not, and 10 oz sunshine mint bars. Anything less would be uncivilized. The last time that I had a junk silver coin, I accidentally spent it on a game of Pac-man. (Yes, this was in the 80's, around the time of the boom.) (And the attendant wouldn't help me get it back  ) I don't think that I would make the same error with a silver Eagle.  |
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Buy on rumor, sell on news. I just bought a little bit of gold with some satoshi. Not much, but I was bored looking at the silver bullion coins that I bought a few weeks ago. Now with my bullion holdings, I'll be able to buy a month worth of cigarettes if financial collapse happens. You should also get some 90% junk silver coins if you don't already have some. In a worst case SHTF scenario, would be great for barter. In such scenario you better stock up cans of food, guns, ammo, gas, and any other useful stuff. There will be plenty of people trying to exchange their useless jewels for real stuff. "Money" in any form is ONLY usefull when there is excedent of resources. If you have a gun, why food? There a plenty of stray cats, squirrels. rabbits, coyotes, beaver, etc near the creek. I'm sure that I can find plenty of plant stuff to eat in the woods.
I think he'd be better off with the cigarettes tbh
If worse comes to worse, I can barter for a bucket, a shovel and a Smith and Wesson. Then stake my claim at the creek nearby. I might be able to eke out an existence. And that's how you get your cigarettes back  Good point. |
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Buy on rumor, sell on news. I just bought a little bit of gold with some satoshi. Not much, but I was bored looking at the silver bullion coins that I bought a few weeks ago. Now with my bullion holdings, I'll be able to buy a month worth of cigarettes if financial collapse happens. You should also get some 90% junk silver coins if you don't already have some. In a worst case SHTF scenario, would be great for barter. I think he'd be better off with the cigarettes tbh If worse comes to worse, I can barter for a bucket, a shovel and a Smith and Wesson. Then stake my claim at the creek nearby. I might be able to eke out an existence. |
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Buy on rumor, sell on news. I just bought a little bit of gold with some satoshi. Not much, but I was bored looking at the silver bullion coins that I bought a few weeks ago. Now with my bullion holdings, I'll be able to buy a month worth of cigarettes if financial collapse happens. |
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That effectively translates to "coinbase will confiscate your BTC" (on one chain).
Only Bitcoin ABC. Does anyone but WU really want those? If you can dump them, you want them I wonder if my 1.8 Bitcoin ABC will even be dumpable. Most exchanges have a minimum transaction amount. IIRC, BCU options (bitcoin unlimited fork options) were like 300$ apiece - and it wasn't even a likely fork OK, I'll make sure everything is sent to my Trezor addresses by July 30th or sooner. I'm sure I'll be able to claim everything that is due. |
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That effectively translates to "coinbase will confiscate your BTC" (on one chain).
Only Bitcoin ABC. Does anyone but WU really want those? If you can dump them, you want them I wonder if my 1.8 Bitcoin ABC will even be dumpable. Most exchanges have a minimum transaction amount. |
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That effectively translates to "coinbase will confiscate your BTC" (on one chain).
Only Bitcoin ABC. Does anyone but WU really want those? |
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ahh sry i forgot to tell the lucky winner.
i am back at home in a few hours
sry for the delay ^^
Take all the time you need. Patience is a virtue and good things come to those that wait. |
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