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6261  Bitcoin / Wallet software / Re: New metal seed backup method on: August 02, 2021, 09:53:34 AM
do you mean reply to multiple quotes in the same comment? I'm sorry I'm new to bitcointalk.

Yes, that's what I meant, sorry if I was not clear.
And you don't have to apologize to me  Wink, just learn and do better for the future. I guess that the older posts will be (sooner or later) merged by a mod if you won't do that yourself.
6262  Bitcoin / Wallet software / Re: New metal seed backup method on: August 02, 2021, 09:40:56 AM
OP, I advise you make longer merged posts and reply to everybody in a "grouped" manner, your way to make consecutive answers is not OK.

Thanks for sharing, this is another good method and is currently the cheapest way of making metal backups I think, you can even find 3D files online for a jig that makes stamping the washers very easy. However I think my design could be better than this as this method requires an English alphabet stamp kit and a hammer while mine just needs a cheap auto centre punch, you also need something hard to stamp the washers against to make the letters visible. It also takes quite a while to do and if you lose too many washers from the seed then you're in trouble.

I agree that yours should be cheaper, just I find the word list to binary index file quite a drawback.
But it all depends on what each and everybody prefers, hence the more methods the better.

Why diameters of the holes on the following plate are differenent, does it mean something?

It may be because with the center punch it depends on how hard you hit with the hammer and you'll probably won't have all the punches at the same size (diameter).
6263  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin solve the world's debt problem on: August 02, 2021, 09:07:29 AM
Can Bitcoin provide a way out of the world's debt problem? The current fiat world incentives debt through currency debasement and cheap debt. Too much debt can be a problem for long-term productivity and raises questions about sustainability.

Is bitcoin a possible solution to this mess? If more and more people start going from fiat to bitcoin, can we at least end up having a soft landing when shit hits the fan? Or will bitcoin exascabate the problem instead? Is there still hope for this world?

Not at all. Imho they are not even related.
Politicians love to spend more than the country produces, because that makes them look good in the eyes of those electing them (yeah, most people don't think on long term)

Getting a house or a car on a loan makes a lot of sense, especially as paper money loses value hence you won't pay that much extra.
Credit cards offer better benefits and protection than debit cards. And while most cover then at next paycheck, it's still debt.

Bitcoin solving something that's related to fiat money while fiat money still exists? No.
Bitcoin changing human behavior on long term? Maybe, but small chance.

All that Bitcoin can do is help you not pay all that debt with your money getting less valuable by every passing day. Whether you help yourself or not, it's up to you. Most of "the world" doesn't, hence it won't even help them. Too bad.
6264  Bitcoin / Bitcoin Discussion / Re: Paper receipt taken by police... on: August 02, 2021, 08:55:15 AM
I don't know what else you can do, but I would definitely not let them know the nature of the receipt. Here are some possible outcomes. Most are bad for you.

I would also advise the same. That piece of paper belongs to OP and he has to find the legal ways to get the paper or at least a xerox copy of it.

BTW, a person should think twice about walking around with $150,000 in their wallet.

I think that OP has shortened the story a little and it may have been "only" some 30-35k USD there back then (or even less).
At least I've seen a news about Bitcoin ATM in Chicago from 3 years ago and OP said "I purchased 4 bitcoins in Chicago when the bitcoin ATM's showed up there."
6265  Bitcoin / Wallet software / Re: New metal seed backup method on: August 02, 2021, 08:39:46 AM
I've seen another approach not long ago. I don't know if it's new, but I find it rather cheap if you think that you do keep the seed on steel:
https://portofele-hardware.ro/pastreaza-seed-ul-intr-un-mod-ieftin-si-sigur/

Unfortunately it's in Romanian, but the images may be just enough. Or, translated with Google:
https://translate.google.com/translate?sl=ro&tl=en&u=https://portofele-hardware.ro/pastreaza-seed-ul-intr-un-mod-ieftin-si-sigur/
6266  Economy / Gambling discussion / Re: F1 Formula Sports Racing - Sportsbet.io promotions & discussion thread on: August 02, 2021, 07:52:15 AM



Me!!!

True fan, huh? Congrats!

I've missed the first 10 laps, when I've turned TV on it looked like a bad dream. I have to see a rerun of the start. It looks like it was... very bad.
Congrats to Ocon, congrats to Seb (although I've read that sadly he got disqualified) and congrats to Alonso too for the very good race.
Great move for Gasly with the fastest lap  Wink
6267  Bitcoin / Bitcoin Discussion / Re: 2011 Bitcoin rejected person reaction on 2021 on: July 30, 2021, 05:35:06 AM
Can you imagine his feelings right now.

I can only partly imagine that kind of feelings and I'll tell you why.
There were plenty of opportunities in bitcoin. Ok, he missed one. Or two. Or three. But missing them all is something I cannot understand.
I could have bought good amounts at 200-250$ and I didn't. That's the train I've missed. But since then I've earned some more. Of course, I made other mistake too: I've sold now and then, or bought things for bitcoin.

If I look back, yeah, I probably could be kinda rich now if I wouldn't have made those mistakes. But dead inside? No. Life goes on and I hope that what I have and what I will gather will help me with an easier retirement in some more years.
6268  Bitcoin / Bitcoin Discussion / Re: Sen. Elizabeth Warren wants more regulation, doesn't think bitcoin is a hedge on: July 29, 2021, 02:13:23 PM
She’s just another in a long line of misinformed, uneducated boomers who are desperately trying to protect the status quo.

Politicians are no better than their advisors. And they will more probably get advisors for financial problems from the banking sector, people who will not understand and won't care about bitcoin and will also obviously try to protect the status quo.

There are too few politicians who are bright enough to do different.  Sad
6269  Other / Archival / Re: Near-Zero Fees in the Bitcoin Network on: July 29, 2021, 02:01:22 PM
This will make the network more usable and attract more people.  Smiley
But as soon as more users start using it, fees would go up [temporary form of "anything" shouldn't matter].

Yes and no. It depends on what wallets will these "more users" happen to use.
If it's various online services and wallets to be used, the fees will not decrease. If it's proper wallets, it can, on the other hand.

Also, I (still) have a feeling that it's traders, trading services and trading bots who create the congestion on the mempool, not the average Joe.


However, LN success should attract more users than a (temporary) reduction of the on-chain fees.
6270  Bitcoin / Bitcoin Discussion / Re: Amazon Puts Down Bitcoin Use Rumor on: July 29, 2021, 01:52:05 PM
Now some are interpreting this as a sign that Amazon want to create their own cryptocurrency. But for me at least, that doesn't seems to be the case. Facebook tried this and failed. And I don't think that Amazon will repeat the same mistake.

Facebook failed, but Circle (& Co) seem to have been doing it right. So it can be done, although there are clear differences between what Circle did and what FB wanted to do.

The question is: would such a move be in Amazon's benefit? And imho it's not really (not for now).
6271  Economy / Services / Re: LoyceV's Avatar for Rent [first 🦊🦊2 YEARS🦊🦊 (123 weeks) rented out] on: July 29, 2021, 01:43:05 PM
To break the record, of course

We must de-throne thermos! We must!!!

That will be broken and without the "help" of this topic.
You guys don't know that much?! Some of you could have been checking it really when were playing in the future...


PS. Some of you can still go to the future, right?!
6272  Economy / Trading Discussion / Re: Binance/Huobi Trading bot I use now is giving me decent profit on: July 29, 2021, 01:24:42 PM
note these results may vary depending on the market

This is the central point. It's hard to tell if this bot was better indeed, or was the market better for what the bot can do. I think that it was a good mix.

So the other bots may not be too weak, you just didn't get the right market conditions for them (and when the market changes you may end up with this bot doing not-that-great any longer).

I don't want to "negate" your findings, I want just to put everything in the right context.



Now, you are new, but your post is a wall of text i.e it's hard to read. You may want to format it better, else you'll lose audience.

Second, bringing Martingale in the context of trading makes me think that you may not really know what you're doing and you only got lucky...

Also, the fact that your first post sends to youtube where you have ref links to the trading bot makes me think that you may not be the actual trader and instead you want just to earn from referrals (I didn't watch the video hence excuse me if I'm wrong).

6273  Local / Presa / Re: Cum reuşeşte Iosif Peterfi împreună cu echipa lui să revoluţioneze tehnologia cl on: July 29, 2021, 01:12:24 PM
Misiunea Ethernity CLOUD de a crea un ecosistem în care datele utilizatorilor să fie protejate şi care să asigure transparenţa operaţiunilor când aceastea sunt procesate a fost reconfirmată recent de intrarea proiectului în Confidential Computing Consortium.

Nu am gasit nimic altceva decat limbaj de lemn, si in acesta postare, si in articolul din ZF; in ZF se incearca explicarea un pic mai pe larg, dar insuficient, iar articolul easte unul platit. Clar, cine l-a scris nu a vrut sa "dea din casa" pentru ca sa nu preia altii ideea, dar rezultatul este ca pe mine nu m-au convins.

Par sa vrea sa ia bani pe un token si sa dezvolte ceva, dar pe de alta parte eu cred ca cloud computing se poate implementa si la modul in care datele sunt criptate peste tot, fara ca acel CLOUD sa fie decentralizat. De fapt cred ca facandu-l decentralizat chiar creeaza premize pentru ca datele sa poata fi furate in caz ca ceva nu este implementat perfect.
6274  Economy / Exchanges / Re: [2021-07-28]Binance CEO says he’s willing to step down as world's biggest crypt on: July 29, 2021, 12:56:06 PM
Decentralized exchanges are targeting people who buy and hold or dump, not people who are actively trading all day and switching between pairs in seconds, this niche will never be covered by decentralized exchanges.

True. However, many people buying or selling crypto only now and then still use the convenience of centralized exchanges, where the interface is helpful and there's tech support. Some did start moving to Bisq and such, but after Binance asking KYC, more will migrate.

Of course, day traders will remain, although now for them will no longer matter if it's Binance or other centralized exchange and they'll have to start being more careful with their earnings and reporting them (!), hence some may go "out of business".


If indeed centralized exchanges might be losing customers decentralized one aren't gaining pace either. I assume you're talking about exchanges like bisq, not uniswap tokens.

Until now Binance was no-KYC and at hand. With this option no longer available Bisq and such may start growing.
6275  Economy / Economics / Re: Will some companies like Amazon really 'store' Bitcoins? on: July 29, 2021, 12:44:21 PM
Perhaps it's a pipe dream but any liquid cash a company holds is losing its value every day with inflation. Obviously megacorps like Amazon wouldn't be holding onto a ton of cash, they have cash equivalents that they go back and forth with between the equivalent and fiat, but I'm thinking smaller businesses might benefit from holding onto something like Bitcoin if cash becomes more unstable than it already is. Sure, BTC's volatile, but one might predict the price of BTC would be higher than it is now in the future, and that BTC certainly does not guarantee at least a 2 percent loss year over year like fiat (which is what the US fed targets inflation to be, we can assume it'll be higher for this year because of Covid).

One of the reasons Amazon pays so small tax is because they reinvest most of their profit. So they don't sit on a pile of cash that loses value by every passing day, they make use of it.
So indeed, Bitcoin may just not be the thing for Amazon yet. Of course, that can easily change in some months or years. (Again, the fact that they've reacted this fast on that rumor may mean that they do keep an active eye on Bitcoin).
6276  Economy / Exchanges / Re: [2021-07-28]Binance CEO says he’s willing to step down as world's biggest crypt on: July 28, 2021, 04:54:21 PM
as world's biggest crypto exchange welcomes regulation

This is somewhat sad news and it explains the last move(s) of Binance.
And this may be the end of an era, the era of big centralized exchanges (if getting regulated I expect Binance "deflate").
Maybe this is when the era of decentralized exchanges begins for real?!
6277  Economy / Economics / Re: First U.S. Bitcoin mutual fund launched by ProFunds on: July 28, 2021, 04:46:33 PM
I still don't like the idea of a derivative of a derivative being sold to the public, because most of them wouldn't know the difference.

For many it's the better approach, just because they would clearly not be able to handle wallet safety and "what's the better exchange" and tx fees and everything.
On the other hand, I also feel that's a shame since some will not get to "taste" the actual Bitcoin...

But yeah, companies repackaging derivatives is ugly and can lead to other problems too  Sad
6278  Economy / Exchanges / Re: Binance squeezes users on verification on: July 28, 2021, 04:13:52 PM
I have been flabbergasted, really, since I got that Binance is pressing and squeezing its users for what now seems a compulsory verification exercise by reducing its daily withdrawal limit from 2BTC to 0.06BTC for non verified accounts.

It was not a surprise at all. It was clearly all about "when" never about "if" this is going to happen.
At first I thought that it's getting into effect immediately, but no, they were nice and gave about one week of notice. And frankly, whoever keeps more than 14 BTC on an exchange and doesn't expect to need KYC sooner or later is kind of "asking for it".

6279  Economy / Economics / Re: Bullish: 'Vast Majority' of Institutions Will Own Crypto by 2026: Fidelity on: July 28, 2021, 04:02:49 PM
Unfortunately I think that most of them don't have a proper understanding of Bitcoin and - maybe for their own safety too - I expect that a majority of them will invest into Bitcoin indirectly, buying exposure related products like JPMorgan (and Fidelity too?) offers. But maybe I'm wrong...

I don't know why you guys seem to care about that. If they buy it through derivatives they increase demand anyway and drive up the price. A good part of the bull run we are in is being pushed by Grayscale.

If they buy derivatives their "participation" to Bitcoin economy is basically zero. If they buy derivatives they will not care to "accept Bitcoin", they won't see nor care what this (micro?) economy offers or needs.


Also keep in mind that Fidelity declarations are biased. It's in their own interest to get the price moving up.

Yes, it is better to keep in mind that. But it's not just in their interest, it's in ours too.

Clearly. I think that I've said this at least once: it's a Bitcoin forum here, it;s clearly that our declarations here is also biased and - back to the topic - right now Grayscale and our interests are somewhat similar.
6280  Bitcoin / Bitcoin Discussion / Re: Amazon Puts Down Bitcoin Use Rumor on: July 28, 2021, 03:55:21 PM
Great then. The less corporations coming in the Bitcoin world before it becoming mainstream, the better. No need for corps to join us, Bitcoin does a tremendous job all by itself.

You must understand that this is an inevitable process. Therefore, the sooner this happens, the better.

While I agree that it's (or will be) inevitable, I can't say that the sooner the better. We have to learn patience; imho whenever it happens it's good and we just cannot rush it.

In moments like this it can help the price fly again. But do we really want a new FOMO run?
And yeah, as said; even though it was proven to be just a rumor that won't come to reality in the near future, the price has started to move nevertheless.
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