california will suffer first

#vegan #climate  =  #no-cow-poop

how are they suppose to have organic fertiliser if they dont want cows in farms pooping and having that poop slurry collected and sold to other farmers..

oh wait.. they will probably say put human sewerage onto lettuce fields
oh great yummy. all human medicated bio-waste, with sprinkles of contraceptive pill , steroids and a layer of sanitary pads and wetwipes.. oh and then a nice splash of oxycodone or whatever legal high people take these days.... yummy.

OG people call hot wallets a wallet that is active on a server where the public have access to it..(exchanges and service providers)
a cold wallet is one thats independent and less accessible(such as home PC that may/may not go online..)

EG
your home full node is deemed a cold wallet
compared to CEX deposit&withdrawal nodes/bitnodes.com/bitDNSseed nodes which are hot

offline wallets are deemed 'airgapped' / hardware wallets

reading the tweets..
it seems he had a trojan on his online server.. and possibly backed up that server to his home Pc thus infecting his home PC(he was transitioning to a new server)

certain terms are mixed messages
before there were even hardare wallets and seeds and all the different types of ways to back up

hot=on a CEX server where public acess the server.
cold was your home full node(independant node not on a server)

airgapped/paper wallet were refered to as offline

in short cold did not dictate to mean offline, it just meant not on a server with public access

i remember a few years back trying to suggest  a term of "warm wallet" for home node that were online when the confusion of cold wallet definitions first started stirring up because OG cold was not offline but newbie cold thought it meant offline

but "warm" didnt catch on as a buzzword to define the difference between server hot vs home node cold

ever since november Luke has been saying periodically how his server is being bombarded by hack attempts .. not just the PGP key compromise of november 17th but even a few times in december and on christmas day he was getting attacked.. and then on new years realising his coins had gone.

i beleive he probably backed up his server to a home PC(incase of ddos taking server down/needing to switch servers) where there was probably a virus on the server. he was also looking into a new server service so was most definitely ready to copy data from server A to a server B if he found one.. which also points to me thinking he backed up his serve at a home PC(bringing a virus along with it)

.. reading through tweens again.. and the story fits

november

december

i dont see an issue in the "battery" sector. because desalinating water can become the "mine" to harvest lithium and sodium(the two types of electrolytes). and desalinating water is the next big sector to grow

however if you look at the numbers
a normal house of say 18 solar panels

rated at 400w/panel
with an average of just 5 good light hours a day(UK)
is going to use up 2 days of power generation just to charge a car for the week

if you calculate all cars at grocery stores charging points. shifting out 80% of 70kwh in 30mins (56kwh)
the amount of solar/hydro/nuclear/needed when all cars are electric will be more then the residential electric usage of today

when places like california are crying about risks of brownouts at current residential usage/capacity.. alot needs to be done in the realms of power production, before worrying about the car power storage

ford can only make such claims when comparing to the american muscle cars that are usually 4-6 litre engines

but ford UK (we dont do muscle cars) where the ford focus is just a 1l-2l engine wont get that great big "savings" number

..
its like here in the UK we cut our grass with a lawn mower
in america they cut their grasslands with a combine harvester

of course there is a significant difference in how much fuel saving "going electric" will result in

yes but Micheal Saylor is a proper ceo, proper business, he is not offering a hedge fund. he is investing his own business funds into crypto for his own business future prospects. and they have a real headquarters

however valkerie reminds me(my spidey sense is tingling) of them ICO scams a few years back, "hiring" known finance guys to appear in their "executives" section of 'about us' pages. but having no physical HQ or any of the standard pre-requisites of a hedge fund

Charlie Burgoyne founder of valkerie is not a fund manager guy.

i dont want to re-hash my gripes with greyscale, dcg, blockstream stuff over the last 7 years.. but swapping greyscale for valkerie is a escaping the boiling water to be stepping into the fire, in my opinion

they were a AI and data science company just a couple years ago and now suddenly want to become a hedge fund... be very skeptical

yes they employed a few names that are known from other "finance" sectors(guggenheim) to appear legit. but if they cant even afford to lease a proper office and want to avoid showing their true location. stay far far away from them

never invest a "minimum $1m per investor" into a brand with no funding to even lease a proper office

valkerie is just a brand of a crypto business.. look beyond the brand and look at the people involved and the companies they are involved with

looking at their deal with seeking investors to get to a point of "buying out" 50%. we see some familiar names.. like using stonegate as the management team(administrators) which is involved in some of the blackrock, fidelity, DAG, stuff in the cryptoconomy

the nasty thing is....
valkeries "business address" (320 seven springs way brentwood) is a virtual address(modern po box)

if you are unable to find a real office address full of the physical supposed employee's to be able to physically slap them with a rotten fish if they do you wrong.. dont invest in them in the first place

i see this as another shell company 3 card shuffle of leaping out the boiling water and into a firepit

..
valkerie was a AI and data science company in 2019.. now suddenly being rebranded as a hedge fund.. operating via a virtual address with a rent-an-office..

yea be sceptical

volatility is only a problem if you have a static price advert that needs to stay at the same advertised bitcoin amount for a month+

however there are new style ads that can be custom to the viewer that auto updates. so that you can have a price that matches the time its viewed

you can also have just a "pay with bitcoin" and then at checkout, when you have added up the total of goods and delivery then have the conversion

after all USD-EUR changes alot

bitcoin has changed by  +20%   -20% of a $20k average for 6 months ($24k-16k)

USD-EURO has seen a 1.16-0.96 (20%)
USD-GBP has seen a 1.36-1.07 (30%)

so dont worry to much. many people see many prices change by the week.. with products selling for 20-50% "on sale discount"

if you simply have something at a slight premium exchange rate where you make a couple % extra to cover any short term variance you should be good

commercial banks are their own business and i feel that yes they have dipped their toes into collecting coin

but central banks is a whole different ball game
its like the IMF saying no to el salvador in 2021 when el salvador wanted to accept bitcoin the IMF BIS were not interested in central bank trading with el salvador..

however the BIS/IMF stance is changing

with governments getting bitcoin friendly and wanting exposure to bitcoin. ofcourse they want their bank(central) to be investing part of a governments assets in crypto so the IMF/BIS has to adapt

like i said BIS only wanted to allow 1% of decentralised crypto(group 2b) banks wanted 5%. so the compromise of current proposal is so far 2%(it may update further by 2025)

fortify sounds like a bitcoin hater trying to convince himself that banks are not interested in bitcoin

its funny because the BIS initially set a 1% of reserves for crypto, and the banks said "nope we want to invest in 5%", which the BIS compromised with 2%

as for explaining why banks want it
unlike fortify that is trying to hate bitcoin about tx speed
if he cared to read it they are describing things like bitcoin as crypto asset not crypto currency so its not to use bitcoin as a payment rail(method of transfer of value for customers) its for internal bank investment

as for the payment rail of transfer value for customers(wire transfers) they are developing CBDC, where they will have the 'm-bridge' for the IMF main reserve swaps of CBDC

to be fair the word 'insisting' was added by you(you down playing the malicious idiocy of some).. satoshi specifically said tyrannical. which implies malice and so i get to also insult such people too

i said lame because its now 2023 and the idiots(yep i said it) that want to keep blocks small are using excuses for the last 5+ years that bitcoiners cant use broadband/fibre 4/5G and that bitcoin has to stay at 2008 era tech
"for the benefit of maximising who can use bitcoin(be full noders)"
gain its lame because we are actually in 2023 not 2008

it would be soo hilarious if them same tyrants/lame idiots tried the same narrative on the netflix/streaming/twitch or gaming industry

they seem a little busy preparing the 20% redemption triggered by the fir tree law suit last month

it is kind of sad that GBTC want to charge 2% fee for just holding onto peoples value, when it turns out greyscale is not actually even holding the value. (coinbase is).. but then coinbase and greyscale not allowing people to escape..

greyscale have shoddy terms about "we wont redeem unless sponsor allows" (THEY ARE THE SPONSOR!!)
so other companies want to buy out greyscale to be the sponsor to the change the terms and allow redemptions

greyscale is hoping a 20% redemption for those that want to escape would be enough to appease those that want to leave

however i perceive a race to exit of everyone causing a bank run where greyscale can only afford a 20% exit and everyone fighting for a 'ticket' to be only of the 20% first class leavers

PoS fails in its eventual need to custodianise to syndicate(combine value) the stake to meet the thresholds. making places like coinbase a central point of failure of PoS (as we are seeing with ethereum that is highly staked and custodianised in coinbase

his coins were on old legacy keys (before seeds were even a thing, before hardware wallets(seed based) were a thing)
he had backups EG (maybe)paper wallet and/or (most probably) usb drive of wallet.dat files

he has an external drive just not one big enough to do the job in one go..
i was reading it as if he was getting out/away from an old bloated system and wanted to install on a new system. without having to redownload the blockchain

but either way. copying as much as he can saves some time

i know alot of people think there is a single telephone number that if you call it, 'CSI:cyber crime' team answer and speedily arrive at your house in 20 minutes to explore your computer.. sorry.. this is not how things work


if you read it properly and apply logic and common sense against it too
(if you read his other tweets it makes more sense in full context)

he did contact authorities by the usual routes(phone).. they were not interested/unable to help. his tweet was just a rant not a plea for help


to get hold of FBI you have to go through a rigmarole of call centres to escalate the situation. also it was late night of new years day. dont expect miracles


he was obviously not able to get to the centre of the FBI... and local authorities were (as known from other incidences of many people) just got sent around the pass the bucket brigade of call centres, saying there is "nothing they can do at local level and here is a crime reference number, bye"

yes you can just copy over half of the files and then copy over the other half (in two copy/paste rounds)

the blk files are sequential so make sure you (eventually) copy all the files or your sync(re-scan) will stop at a certain point if a middle blk file is missing

the practice of security is easy
but alot of people with old timer coins enjoy the "proof of patience" of not moving coins periodically. its a trophy to hoard coins where the utxo is dated over 10+ years

im personally guilty of it, i imported wallets just to make sure that the data has not degreded or been edited to ensure i still had access to keys

the complacency is more about importing keys into wallets of hot (online) devices when you have no desire to move the coins, having keys presented to multiple systems even if your not moving coins. not wiping said devices after whatever you done