Had a Gox notification that my claim is 'agreed'.
Seems civil rehabilitation and bankruptcy proceedings are both running. No news on when anything will be paid out, though. Next creditors meeting in March.
Claimants should have had a confirmation mail - do check if you are involved.
Had my amount agreed a long time ago though. Just noticed a fairly significant OPSEC violation in the claims: Have access to all claims, names and amounts! That's not new. Several years ago the full list of claimants/claims was published by the trustee itself. It is ok considering it is standard procedure in bankruptcy proceedings. |
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Basically, the situation I'm in is if I didn't have BTC to supplement my income I'd have a very sad life; never eating out, no holidays, no 'nice' things every-so-often.
I'm VERY lucky to have BTC. Very.
treating ourselves to something extra every now and then via btc i mined or bought is the deal i made with my wife when i 1st got into btc. gotta take profits at some point. we certainly enjoyed our "upgrades." works for me as this all could still take a digger. Maybe ironic the treat for myself way back was to spunk some money on bitcoins, its full circle. Not "maybe"... completely ironic I have tightened my expenses to absurd limits just for being able to hodling moar. When I could be spending way more than before (I have always been very frugal) I am spending even less than before. Ironic is even an understatement. |
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Is Kraken any good?
fuck Kraken in their tentacled face -froze our account with almost no notice -ran us through pointless KYC hoops, "support" was clueless, might as well have been flipping burgers, did not seem to believe that mining was a real thing. -after weeks of support circular logic and being trapped in trades now gone bad due to locked account they finally figured out that the reason was that they were dropping support for our jurisdiction...a major tech heavy US state. lost a lot of money there Did they simply took your money and just tell you to fuck off?? :-O I was forced to convert the entire account to BTC at a significant loss in a tight timeframe to move it off the platform. The timing of these events was...not good. Had "support" not had their heads fully inserted and had told us what was up at the beginning I would have had weeks to trade out in an orderly fashion...but no. Incompetence or malice? With Kraken you get to take your pick. tm I have told the story several times here, so my apologies to anyone bored by its repetition, but this account is the only revenge I get in this situation. I am never going to shut up about it. Oh, ok, not THAT bad as if they had just taken it all... but bad enough. I also have my share of complains about Kraken (I even posted it in their thread here years ago), mostly LIMIT orders not being fullfilled when the price clearly (and according to their own high/low price) was reached and crossed. But I have come to accept it as some sort of collateral damage for my trading profits there and the unavoidable fact that a good amount of my BTC were bought there so I will have to use them to withdraw to bank when the time comes. Of course, what I have currently there is reduced to the minimum and I won't send more BTC until the first batch safely reach my bank. I don't trust any exchange anyways. But I know I am (almost) forced to use them. And you do good voicing your concerns/complains. Maybe some day they (all exchanges) will be forced to higher "standards" of trust and best practice rules... Unfortunately we are not there yet and it is good people is fully aware of the risks. On the other side, my opinion about Bitstamp is almost perfect. A pity they raised their trading fees to ridiculous levels. |
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Is Kraken any good?
fuck Kraken in their tentacled face -froze our account with almost no notice -ran us through pointless KYC hoops, "support" was clueless, might as well have been flipping burgers, did not seem to believe that mining was a real thing. -after weeks of support circular logic and being trapped in trades now gone bad due to locked account they finally figured out that the reason was that they were dropping support for our jurisdiction...a major tech heavy US state. lost a lot of money there Did they simply took your money and just tell you to fuck off?? :-O |
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Remind me, which exchange was it that stole a third of what people had there?
Bitfinex. Coinbase is "legit". Until it isn't. I don't see much problem in loading some/little to the card as you are going to spend it. Of course, consider you will be insta-flagged as a crypto hodler and your expenses reported. Also, as much as I like the design of the card, I don't like how it screams crypto hodler here every time you use it IRL! Good alternative for spending anyways. Will probably order one when I am ready to start spending. Perhaps in a few months if everything goes well. |
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Ok, need a new poll already.
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Lol, this is the thread that keeps on giving... Y'all just can't help yourselves  ....It's like watching a slow motion train wreck. You guys really have no idea what is going on do you? Big o'l world outside of bitcoin talk.... I wonder if any of you understand what e.g this article means? https://www.trustnodes.com/2020/02/14/lightning-network-increasingly-centralized-removing-hubs-leads-to-collapse-says-blockstream-studyCritically the use of the word (de)centralised in tho context of the network graph. Do you still not understand what decentralised means? it is about connectedness, and not about node count/distribution. Nobody read "On red balloons and bitcoin"? Nobody know what a near complete graph is...? why bitcoin was designed as a type of mandala network...? all this information, and more, is available for free! All you have to do is be able to overcome your deep seated emotional biases and whip out Occam's razor... OR, keep slapping each other on the back... you guys have it all figured out, nothing to see here. Aussie man bad. Move along now.... Just for the record and let's keep all the drama to the side and focus on the facts: Are you stating BSV network is MORE decentralised than Bitcoin's LN? The Lightning Network is not decentralised. It's in the article I linked. I and countless other have been saying this since LN was first conceived. Now you have a study from Blockstream telling you the very same... what's the problem here? what's not to understand? The Bitcoin network is decentralised, because economic incentives compel miners to connect directly with each other resulting in a network topography that resembles a complete graph. This continue to be the case in BSV because those incentives have not been perverted by the introduction of schemes such as Liquid which are designed to move tx (and therefor miner rewards aka incentives) off chain. Gazeta, linking that propaganda thread just tells me you've outsourced thinking about this stuff. GL with that. It's funny how many guys talk about de/centralisation as if it were a binary thing. LN is centralised and decentralised. Bitcoin is decentralised and centralised. What matters is the degree of each. So you answered saying that LN is centralised. I reply to you saying it is decentralised. Both answers are correct. But I asked you if you consider BSV to be more decentralised than LN. You did not directly answer that. That being said. I do expect most high traffic payments sidechain to be more centralised than decentralised. Otherwise it would not scale enough for massive adoption to compete with paypal, visa, etc. Unless you do know some genius way to *SCALE* several orders of magnitude more using blockchain. If you do, maybe you should create your own new coin. It would be a blast. I don't know why you talk about Liquid which is an EXTREMELY (not 100%, but almost) centralised sidechain. As intended. |
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Are we poor again?
Ah, no, we were already poor... everything is fine!
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Lol, this is the thread that keeps on giving... Y'all just can't help yourselves ....It's like watching a slow motion train wreck. You guys really have no idea what is going on do you? Big o'l world outside of bitcoin talk.... I wonder if any of you understand what e.g this article means? https://www.trustnodes.com/2020/02/14/lightning-network-increasingly-centralized-removing-hubs-leads-to-collapse-says-blockstream-studyCritically the use of the word (de)centralised in tho context of the network graph. Do you still not understand what decentralised means? it is about connectedness, and not about node count/distribution. Nobody read "On red balloons and bitcoin"? Nobody know what a near complete graph is...? why bitcoin was designed as a type of mandala network...? all this information, and more, is available for free! All you have to do is be able to overcome your deep seated emotional biases and whip out Occam's razor... OR, keep slapping each other on the back... you guys have it all figured out, nothing to see here. Aussie man bad. Move along now.... Just for the record and let's keep all the drama to the side and focus on the facts: Are you stating BSV network is MORE decentralised than Bitcoin's LN? |
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^
I didn't want to say it (the actual BTC count) but Searing himself did it again... With almost 100BTC he still have, no one can dare to say he did not do well. He just secured some profits when he thought he would MAYBE need the FIAT to last till retirement payments come. A somewhat small (around 10%) percentual amount. And probably that made him be a stronger holder with the rest of his more than healthy stash.
So, considering it all, he is way far from being a "bottom seller" but a strong hodler... even if he did sell "some" near the bottom.
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Bleh, he did what he thought he had to do at the time. Taking into account what % of his stash does that 13BTC (now reduced to 9) represent and his early retirement circumstances is essential to understand it. He has previously given enough figures to accurately know it. Retrospectively it is easy to say he could have done better... but hedging, when needed, is always expensive. In the big scheme of things, it won't matter THAT MUCH. He will do *WELL*.
Searing is not stupid and he will do well as he was *way far* from going all out. It is imposible to be right all the time and for all of actions, more so without being able to predict the future.
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^
LOL
But yeah, what doesn't kill you makes you stronger!!
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I was searching for stuff to support my post above sayin how lambo is a bad idea, wrote a lot about it then... Just when I started talking of cars, I'll post 3 of my favorite cars: Tier 3 (monster tier) Over a lambo anyday.   Not much to say. This thing shits on lambo on any day of the week. If I ever reach the lambo levels networth, this is my lambo of choice. What's that? Some sort of SLR? (Yeah I guess so, it looks so "different" in black...) My "lambo" would probably be the SLR McLaren Bravus:  And no, no matter how high Bitcoin goes or how rich I ever become. I will NEVER have it. Probably I don't even *really* want it. It's so beautiful though... |
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Anyway, I would not consider buying a $200.000+ car unless my net worth would be a solid over 10-100+ times that amount. And even then... I probably would have much better things to do with my "surplus" money. I will never buy a boat/yatch ever either...
Having money isn't going to be enough to keep a beast like Lambo. Maybe only for a while. This car (boats too) is a money sink. No matter how much money you have, unless you have a source of streaming income (preferably passive), you'll fail at keeping it. Everything you do or don't do with them costs you money. They stay unused, they cost money. You ride them, they ask even more money. Let's say the car is $200k, do you think having $2m cash is going to be enough? I wouldn't feel comfortable tbh. I don't see the point of having a luxury car anyway. I'd rather buy a cool looking used BMW/Mercedes, I mean the older ones that still look cool. (newer ones look like shit) This car is only $16k in the US and it looks absolutely stunning. Performance? It is a damn V8.  https://www.ebay.com/itm/2008-Mercedes-Benz-SL-Class-V8/372942352153?hash=item56d518af19%3Ag%3AT-gAAOSwJBdeOulP&LH_BIN=1Even that is probably more than I would ever want. I'd rather get an E series coupe. (again, older ones) I don't think it is a good idea to spend your money on luxury stuff before you think a way to make passive income first. $1m is only good for a house, starting a business and a cheap car. $2m is not really much different than having $1m. Maybe a slightly bigger house, still not a too expensive car but a better business and more chances to fail and retry. You get the idea. I'd never spend my hard earned cash on these too luxury stuff unless I got them nearly for free. The money you get by hodling bitcoin is not free money. You are getting paid for the risk you took. Yeah, that's why I said 10-100x the amount. 10x would be the bare minimum and that if it really was my dream or something... I mean, I understand you can "overspend" a little if something is important enough for you. Totally agreed on your choice. In fact, this is what I have (not a picture of mine, but same colour and model):  Bought it used in 2011 or 2012 for around half the price new + extras. It does the job and looks good enough. I barely even use it because I am most of the time beyond the legal alcohol limit for driving, so I probably will keep it for a bunch of years more or until it breaks or I crash it beyond repair. Have spent almost *nothing* on maintenance. And it has a very low fuel intake (not an SL with V8 engine, just a modest 1800cc 200K SLK). Upgrading my car is extremely low in my wish list even if I had the money. |
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That's why I am not going to buy a lambo. Although theoretically I already can buy one almost new 8K km 2019 huracan right now.  I prefer a beach villa for this price.  Yeah in all seriousness I won’t be buying Lambo’s. Imagine how much a car like that depreciates in value over 2-3 years. Yes I know our bitcoin’s will be worth more (presumably) as time goes on but money is money. I don’t like losing money! I’ll just take a standard Range Rover or something & a huge house I think some of the luxury cars do not depreciate that much and even (I have heard) you can make an insta-winning deal buying second hand (almost new) from places like Dubai, etc. Anyway, I would not consider buying a $200.000+ car unless my net worth would be a solid over 10-100+ times that amount. And even then... I probably would have much better things to do with my "surplus" money. I will never buy a boat/yatch ever either... I wouldn't like one even if "free"... Maybe I would buy a good Jet Ski though, but that's very cheap in comparison... and way more fun. When I think about it, the main thing I want money for (beyond basic expenses, of course) is RE. There's no limit on how much "luxury" I would allow myself to "spend" on that if the money were not a restriction. Anyway, first priority would be to be set for life on basic expenses and sleep well at night. Then we can start talking about luxury spending/purchases/investments. You all are thinking way too small. This is what the properly outfitted gentleman bitcoinaire needs...  Bleh, been there, done that https://www.menkind.co.uk/x-twin-f18-hornet |
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