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761  Bitcoin / Bitcoin Discussion / What do you think of Saifedean's Principals of Economics? on: May 23, 2023, 03:46:09 AM
I was able to get my signed copy at BTC Miami and I was thrilled to spend a few minutes conversing with Saifedean Ammous. I now have a complete signed set of all his published bitcoin works Grin Cool Smiley

762  Economy / Collectibles / Polymerbit BTC Miami 2022 Note on: May 23, 2023, 03:14:16 AM
Hey Guys,

I am looking for a polymerbit 2022 BTC Miami note, please message me if you have one for sale Cheesy I got to spend some time with Polymerbit at the conference, it was great fun trading some notes with him! He taught me so much about my own note collection, he really knows his stuff that m8. I asked him if he had any of these notes left but he only had number 1! Which of course I only drooled over a little bit  Wink. Anyhow let me know if anything comes up, would love to work out a trade as well!

Thanks,

Tread93
763  Bitcoin / Bitcoin Discussion / Re: Mr Beasts house robbed of everything except for bitcoin on: May 23, 2023, 03:11:02 AM
Some of you may have seen this clip before, and I’m assuming a good amount of you know who Mr Beast is (if not he’s a highly followed social media “influencer” I guess you could say, but an actually cool guy who gives back a lot to people.

Here he talks about how his house was robbed, but the idiot robber just passed by his Pc which had a piece of paper sitting next to it that said “public and private keys” right on it lol. He laughs at what morons they were. Reminds me of the time my car was robbed of about $10 in change but they left my $600 radar detector and $2000 dvd player just sitting there lol.

Lesson here, not all robbers are there stupid, hide your keys!

https://youtube.com/shorts/rtDFx-U2IJU?feature=share

Mr. Beast is a very generous guy, but also, maybe this was just a stunt. Are we be completely sure that this wasn't staged just to draw attention? If there is a police record that would suffice as being legitimate. But maybe he is too rich to even care, one thing is for sure that Mr. Beast would definitely not leave his Bitcoin PKs out on the table in broad daylight next to his computer. Maybe there is some hidden symbolism in his videos? It might help if I actually watch it lmao. Good post m8!
764  Bitcoin / Bitcoin Discussion / Re: Bitcoin is "dying". on: May 21, 2023, 02:58:14 AM
I think mainly the conference was largely depleted because over half of the companies that were there last year got wiped out. I think overall everyone I came in touch with was very positive despite everything that has happened in the last year in crypto. I made some new friendships this year, with some incredible people from this forum and I couldn't be happier to be in that space this weekend.
765  Bitcoin / Hardware wallets / Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities on: May 18, 2023, 02:32:33 AM
If anyone is wondering how can an entity destroy the concept of their own products - in this case by exporting the seed phrase to outside entities, even if it is encrypted - then wait no more because Ledger will launch their new service, Ledger Recover[1]:
Quote
Ledger is preparing to launch a new service called Ledger Recover that splits a wallet recovery phrase—basically, a human-readable form of the private key—into three encrypted shards and distributes them to three custodians: Ledger, crypto custody firm Coincover, and code escrow company EscrowTech.  If somebody loses their recovery phrase, two of the three shards can be combined—pending an ID check—to regain access to the locked funds. Essentially, Ledger Recover is an additional safety net; for the price of $9.99 a month, it takes the jeopardy out of crypto’s version of stuffing dollars under the mattress. It’ll be available in the UK, EU, US, and Canada and come to other territories later in the year.
(...)
Ledger Recover is a service, he says, not a feature—one that provides all the niceties and safety mechanisms regular people are looking for. The fragments of the recovery phase are encrypted and stored by each custodian on specially secured servers, and the balance of the user’s wallet is covered up to a value of €50,000 ($55,000) if something goes awry, a little like deposit insurance at a bank. It’s also being designed with a less technical user in mind.
I've tried to look upon any more news regarding this paid service, but so far I'm not able to find anything on Ledger website (release notes are currently on OS version 2.1.0). The only reference that I found was this[2] Reddit post where the concept appears in Ledger Nano X newest firmware update (2.2.1):

I believe most Ledger customers will see this as a service to subscribe to since this will be seen as a "safe heaven" in order to avoid the loss of their funds, or even an alternative that holds their hand and makes them feel safe regarding their funds. Sadly they aren't aware of what is actually happening in the background, but I don't think most people will care as long as they have another option to access their funds...

[1]https://www.wired.co.uk/article/ftx-crypto-investors-hardware-wallets
[2]https://safereddit.com/r/CryptoCurrency/comments/13im3bc/wtf_ledger_this_is_a_disaster_waiting_to_happen/

Hands down worst thing they could ever do, talk about shooting yourself in the foot. Did the company honestly think about how crypto users of their wallets would take this news? They thought they were moving a step in the right direction here I guess. Even with the best intentions this is putting people at even greater risks to malicious and bad actors
766  Bitcoin / Bitcoin Discussion / Re: OG Bitcoin Wallet Addresses Suddenly Active - Are they being hacked? on: May 18, 2023, 02:28:43 AM
the address of funds of the 6071btc. lead back to a MTGox stash that was seized by authorities. i guess the us gov now wanted to move the coins in preparation to sell them for the liquidation courtcase to pay off the creditors

yep the reason for no movement for 10 years is due to mtgox being in bankruptcy court case for 10 years

This response is on point, thanks for the clarification Frank. I wonder who is going to scoop them up from the US govt
767  Economy / Collectibles / Re: BitPay/APMEX Silver Round 2023 BTC Miami Collab? on: May 18, 2023, 02:27:16 AM
i think he means the bitpay coin that came out about that time - i dont think it was conference specific  though

I was thinking he meant this one.

tread correct me if wrong



Yeah that's the one, I am laughing rn at miners comment lmao 🤣  I would have to say I can't disagree with his conclusions haha but honestly I did like their silver rounds haha I also got some sweet vans from them for free last year
768  Economy / Collectibles / BitPay/APMEX Silver Round 2023 BTC Miami Collab? on: May 16, 2023, 03:08:11 AM
So they have been doing this for the past 3 years and i'm looking on the BTC Mag website for the Miami conference this year and I am sad to not see any mention of BitPay on the vendor list this year. Which would lead me to believe that they are not going to have a collab with APMEX this year and passing out free 1 ounce silver rounds this year....


Could this be true? If so, this is completely tragic and I am now very bummed as I was looking forward to continuing my BitPay/APMEX BTC Miami Rounds collection. Say it aint soo!!!
769  Bitcoin / Bitcoin Discussion / OG Bitcoin Wallet Addresses Suddenly Active - Are they being hacked? on: May 16, 2023, 02:39:45 AM
Recently I was visiting one of my friends who writes code, he brought up this topic to me recently saying that it seems like old wallets are being hacked into, that hackers have targeted older BTC addresses because of their vulnerabilities and lack of security.

I thought that was very interesting and since he is a tech savvy coder his use of relevant jargon and explanation was so good, I just wish I remembered exactly how he put it. I did a quick search though and found this relevant article: https://cryptoslate.com/old-wallets-activate-sparking-fears-of-mass-hack-targeting-bitcoin-veterans/

Could it be that folks have figured out how to crack the codes on these old private keys? IF so, they are seeing some massive pay days, EH?
770  Bitcoin / Bitcoin Discussion / Re: My experience with memorizing seed phrases on: May 16, 2023, 02:27:01 AM
First things first, I have pretty average memory, I don't forget important things too often, but I also can't instantly memorize things to the tiniest details like some gifted people can.

Around 5 years ago I decided to memorize my wallet seeds to have one extra backup method. My main backups are pieces of paper + a flash drive with wallet files.

I memorized all 4 wallet seeds (12 words each) that I have very quickly by rehearsing them from memory and checking with the written down seeds every day. For a long time, maybe 1-2 years I kept discipline and repeated the seeds every day, but eventually I started slipping and forgetting to do it, especially if I was busy with something. This affected my memory, and sometimes I forgot or wasn't sure about parts of a seed (2-4 words) so I had to look at it again and repeat it more often.

Interesting thing about memory, it's easier for me to repeat them in the sequence that I was always repeating (seed 1 -> seed 2 -> seed 3 -> seed 4) than to repeat only one seed that isn't the first. Also I can't repeat the words starting from non-first word or in an order that isn't original. So to me it's more like keeping in memory one big 48-word seed than having 4 seeds of 12 words each.

So in summary, I think memorizing a seed is easier than most people think, and there's no need to come up with songs or rhymes or other stuff, they can probably even make things worse. But in general memory is not reliable, even in long term, so this shouldn't be viewed as a reliable backup. It's just a nice extra layer of backup that doesn't require any complicated setup, and its strongest upside is that it's always with you (until your memory fails).

I think this is great that you had it memorized just in case of emergency but beware! I just saw the other day in some headline that scientists have found a way to read someones mind by reading their brain waves (this was placing a subject in their own little head gear connected with chords to a giant computer or something). I didn't look to far into this or read too much but at the rate that tech is expanding and getting so advanced so rapidly I don't think its farfetched to think that 10-20 years from now they have a device that can read your mind wirelessly. It sounds so nuts but honestly maybe something like that isn't far off. Could tech that could be intrusive to ones thoughts, memories, and brain one day exist? Maybe. Does that sound freaky? Yes, yes it does. Honestly though I do think that it is smart to have it memorized. Now if one day they do have that tech we just gotta come up with a thoughts and memory brain shield helmet or something, man that sounds so whack lmao
771  Bitcoin / Bitcoin Discussion / Re: A new milestone: 1M addresses hold 1 Bitcoin on: May 16, 2023, 02:04:52 AM
The last past weeks has been really challenging and tough for bitcoiners as a result of the high transaction fees caused by ordinals on the network. Despite this setback, Bitcoin is still conquering, setting the pace and hitting milestone achievement. According to glassnode, the number of wallets holding atleast 1 BTC are now 1 million. According to the report, last year when the market took a deep dive, a good number of persons were wise enough to grab some bags. Although, some wallets belong to crypto exchanges and some persons might have more than one wallet address but this milestone achievement is worth celebrating.

Source: https://cryptoslate.com/insights/a-new-milestone-1m-addresses-hold-1-bitcoin/

Huge milestone for the bitcoin ecosystem, that is one way to show that more and more people are becoming more and more confident in the network. 1 Bitcoin is not a small amount of money for most people, but I think that is even a testament. For 1 Million people to be HODLing 1 BTC, for most that is like their life savings. They are literally holding onto that bag for dear life and I think that speaks volumes.
772  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: May 16, 2023, 02:01:10 AM
At first I thought the project was cool, although I noticed a lot of folks hated the ideas of btc having NFTs. I now don't like it as much seeing as it could lead to increasing volatility due to the higher fees these are ushering in. Just keep the NFTs on ETH, that was working out fine no need to muddy up the waters for BTC IMO

ordinals are not even functional NFT. so stop describing them as such.. its just dead weight junk data

Yeah, you're right. There is really no use for these so they should just fall off the face of the crypto cliff where they belong. And it looks like that is exactly what has happened, the hype has died down: https://finbold.com/bitcoin-transaction-fees-plummet-as-ordinals-hype-fizzles-out/
773  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: May 11, 2023, 03:37:48 AM
At first I thought the project was cool, although I noticed a lot of folks hated the ideas of btc having NFTs. I now don't like it as much seeing as it could lead to increasing volatility due to the higher fees these are ushering in. Just keep the NFTs on ETH, that was working out fine no need to muddy up the waters for BTC IMO
774  Economy / Collectibles / Re: What should I ask Chat GPT about Crypto Collectibles? on: May 10, 2023, 06:05:40 PM
I would never use it, anything you give it, anything you tell it will be stored and it will be stored who asked it - well to however much information you give it. People need to think for themselves - FUCK this AI SHIT.

Honestly you're probably right, but who is to say they already don't have archives of all the text messages and social medium forum post just a few questions away in a secret database on all this other information that is already and has been online for decades now? I think Gary Vee makes a point that if you're not using this technology now and familiarizing yourself with it then you're going to be behind everyone, because much like bitcoin we won't be able to stop this tech from changing literally every industry in the world and how we basically conduct our day to day lives from this point on as a society. This is just the beginning. Being an early adopter and up to date on the know how to use these services to your advantage could be the difference between shutting down your operations or growing and expanding very quickly.
775  Economy / Collectibles / What should I ask Chat GPT about Crypto Collectibles? on: May 10, 2023, 03:11:52 AM
I mean basically all the information that would pop up will most likely be limited to whatever is online / right here on this forum.

What i'm more curious on is what other questions should I ask or perhaps what questions would you like me to ask Chat GPT on coins in general?

Every day I ask some specific questions about different shipwreck coins/ the history surrounding those coins and getting it from "a coin's eye view" and i've been focusing on colonial history of the Spanish Empire coinage as well as the history in those times because I have a keen interest in the sales of those coins. They are generally very lucrative coins if you know what to look for and who to sell them to. So I am soaking up the information like a spongebob.

I would be happy to ask and am also very curious to know what questions community members in the "collectibles" section would like to ask ChatGPT. Or perhaps you have already asked ChatGPT, in that case please share the questions and responses that you have found interesting I would love to see them. If you think its noteworthy, even if it doesn't directly coorelate with coins per say but just bitcoin or crypto or anything in general you would like to share please don't hold back anything!

Cheers,

TREAD
776  Other / Meta / Re: How much Merit have you given/ received? I'm gonna need about tree fiddy on: May 10, 2023, 03:03:36 AM
It's good to spend your sMerit (it won't do anyone any good just leaving it sitting around), and you're already doing a pretty good job I would say; out of the 175 sMerit you've accumulated, you've spent ~86% of it. Smiley
Props to you and tread93 for giving back to the community.  When I'm doing post history reviews on request, sometimes I take a look at how many sMerits members are sending--just out of curiosity; I don't take that into account when I'm actually making a decision whether to merit posts.  I try to gently encourage people to pay it forward when they thank me for showering them with merits, and I hope they do, but it'd take more of a madman than me to keep tabs on stats like that.

OP, have you never visited the BPIP site EFS linked to?  If not, I highly encourage you to check it out.  It was Vod's baby before he left the forum, and he did an excellent job with the features.  If I'm not mistaken, suchmoon is now in charge of it (but correct me if I'm wrong).  In any case, it's a site you'll probably want to bookmark.

Thanks m8! I appreciate it. I think that is definitely something that I would be curious of as well but ultimately not let me hold back from sending the merit if their post was worthy of such. But anywho I am definitely loving that BRIP page! I had no idea that existed and what a great little tool there. I saw further down in the comments another tool called like ninja something something that was similar but on the post analytical level I guess? Idk looked interesting as well. Definitely going to be referencing those web pages more often for sure, bookmarked!
777  Other / Politics & Society / Re: Is it ethical for a company to have robots sell coins to humans and not know? on: May 10, 2023, 02:52:07 AM
Well, we are already heading into a future where most of the jobs that humans use to take will be given to robots/AI since it would be more cost efficient and less prone to errors compared to humans that gets tired, sick, needs insurances, leaves and so much more. And what's sad about this is that we can't even blame business owners since the choice to switch is reasonable in terms of profit, quality and quantity of products or services. This doesn't apply to jobs that require human emotions and common sense though, so I guess that's at least one good thing to look forward to, yes? xD

Honestly you really can't blame them for this, I would have to agree and those are all great points that any business owner should use for justification. But the justification on our end as humans having the common sense & emotional intelligence is definitely a justification to keep our jobs. If we wan't to keep those jobs in the future though eventually there will be AI that has better emotional intelligence as well. So now we really are leading up to man vs machine. This future where AI can take all our jobs is not far off. The time to hustle and create your own income and businesses has never been more important than it is right now for the average person living on this planet!
778  Bitcoin / Bitcoin Discussion / Re: When You Can Hear The Pin Drop on: May 09, 2023, 01:51:35 AM
A good story at last in this section after a lot of bullshit. Your story is organic and i am sure things moved like this for a lot of BTC users, it would have been so hard to believe in the Satoshi project in 2010, that's why i admire the early adopters and developers, it is because of their trust in BTC that the project prospered, they gave many people the believe that BTC is a currency that should be used, reading their stories always makes me smile, the Hal Finney's, Laszlo Hanyecz's, Gavin Andresen's, Peter Saddington's, etc. Everyone who contributed to the success of this amazing currency deserves to be called a hero.

Some people believe it is late to adopt BTC, people who say this only take BTC to be an investment. It is never later to start writing your own interesting story with BTC through moving from a censorship currency like fiat to a censorship resistant and permissionless currency like BTC, one you can use the way you want to.

Thank you Sir, that means a lot! I definitely have fun writing it down. The progression over the years, the stories, I have become very attentive to bitcoin now, after all thats happened. Glad to have a small blip of fun in a sea full of shit posting as you make it out to be hahaha 😆  I will try to jot down more stuff like this as it comes to mind.
779  Other / Politics & Society / Re: Is it ethical for a company to have robots sell coins to humans and not know? on: May 09, 2023, 01:46:54 AM
Strange coincidence, today I was having a conversation with ChatGPT and I asked it the following question:
Can robots ever defeat humans?
This was his answer literally:
Quote
It is not possible to accurately determine whether a robot can one day win over humans, but it depends on several factors, including the development of technology and artificial intelligence and its use in designing robots, as well as the ability of humans to deal with new challenges and develop their skills.

The development of robots and artificial intelligence depends heavily on their programming and learning, and therefore the development of artificial intelligence that is programmed correctly requires a lot of time, effort and resources. Although robots may be able to carry out tasks better and faster than humans in some cases, they do not have the expertise, emotion and awareness that distinguish humans.

However, robots can be very useful in many fields, such as industry, medicine, agriculture, logistics, entertainment, etc., and help improve the quality of life, saving effort, time, and costs. It is important to ensure that technology is used safely and responsibly, and to provide training and education for humans so that they can deal with new challenges, improve their skills, and compete with robots in the areas in which they can work.
According to the words of the robot, the main difference between humans and robots is that "they do not have the experience, emotion and awareness that distinguish humans."

So this is the most important point that is difficult for robots to possess, so I do not think that they will succeed in overcoming humans in areas that need some kind of feelings or emotion or feeling for others.

But they will certainly succeed in areas that do not require these feelings.

Also, as the robot said: Humans should train and improve their skills to be able to beat the robots.

The only way that humans can compete with robots would really to utilize something like NeuralLink and musk type tech. Now I think that wouldn't be good, I wouldn't want to become part robot lol. I don't care how smart it would make me, I personally don't think it would be worth it. I feel like the world is just slowly becoming more and more like star wars movies lol
780  Bitcoin / Bitcoin Discussion / Re: What a shame on: May 09, 2023, 01:34:53 AM
It's a shame that people are still living their lives, saying, if the government says that something is bad then it is bad, government decides what's good and what's bad for it's people.

This is what I get from a lecturer of a university in my country, I was trying to teach some students about Bitcoin and crypto, I was forced to even do it because I have been busy with my business for the past one month now, a good year this 2023 has been for my business, but these students have been calling me to come and give them some lectures about Bitcoin so I did this yesterday.

One of the students have a father that's a lecturer and after I got home this student told me that his father said that the government is the only thing that can decide if a currency is fit to be people's currency or not, if the government says no then it's a no, coming from a lecturer this is so sad.

His son have an interest in Bitcoin and now it's left for him to make a choice, I am only surprised how a lecturer can be this dense, something that should be coming from an illiterate.

I don't know if this will impact the other students too because they are all from the same school but I do hope I've not wasted my energy, I spent 2 hours talking about Bitcoin and the Blockchain.

If something is not clear or doesn't make sense, we should look for answers and not make a blind determination on it, your action can have an impact on someone's else.
The lecturer have called Bitcoin a scam and his son is lost, I still told him to do research on his own but I myself have lose interest trying to explain anything to him anymore.

UPDATE


I've read some comments and people don't get why I believe it's a shame that this is coming from a lecturer. My father was old skool too, yet he never think that paper money is not replaceable, he was so opened to new ideas and he believe that anything is possible.

As a lecturer he should believe in whatever he believes in, but stopping his son from learning about Bitcoin is wrong, as a lecturer what makes him believe that he will always be right? We were taught in school that knowledge is power and this one is stopping people from achieving knowledge.

People believe so much in their government that's why many poor people are so powerless, some countries are in a mess today because all the people believe in are those corrupt politicians leading their countries.

I read some comments and I am disappointed, many people are just buying Bitcoin but they don't understand that Bitcoin gives power to the people through decentralization, for the first time in history the government is unable to be in total control of something, that's Bitcoin.




I would have to agree, it is a shame. At some point too it does become a burden trying to say the same thing over and over and explain why bitcoin is so important in so many ways and they still don't understand it. It makes one question their IQ and capacity to understand complex issues and systems lmao but hey what I always say is the old horse and water phrase, you know the one. Can't force a horse to drink the water when they don't even really know what the water is / don't understand that water is good for them!
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