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).

Lots of people have lost their coins by storing their seeds in email which got hacked.

Writing a song is not useful, the seed format is already mnemonic, it was created to be easy to memorize, but memory shouldn't be your primary or even secondary method.

Google doc has the same drawbacks as email.

If you decide to store it in online storage, at least encrypt it with strong algorithm and a strong and random password.

Bitcoin lost 10% of its price during this sell-off. That's something that happens quite often and doesn't create as much blockchain activity. So the fee spike was caused by ordinals, but people who are moving coins in/out of exchanges were probably contributing to the fee spike too, because for them 200-300 sat/byte is not really a lot if they can make thousands of dollars on arbitrage or from short-term flips.

Plagiarism is when you present stolen text as your own. Same with AI - if you try to pass it as your own post, you will get banned. If you make it clear that it's not your own post by putting it in a quote, you will be fine. As for pictures, generally people don't assume that the poster is the author, so you will be fine by leaving them unattributed. But still it can be plagiarism if you try to intentionally pass it as your own, for example if you enter a creative competition.

Obviously OP will get a program that creates wallets and not just the wallets themselves. This still poses a security risk that the code can be malicious and generate wallets non-randomly or send a copy to authors server, so the code should be independently verified or OP will have to just trust that they won't get robbed. But this isn't very different from typical crypto jobs when someone asks to create a service involving receiving money, and there's a risk that the developer will put a backdoor.

They don't follow each other, the altcoins follow Bitcoin, not the vice versa. And this is just a macro trend, it doesn't mean that there's no other price movements. People buy altcoins because they can jump by 50% in an hour randomly, without Bitcoin doing any significant moves. But people dismiss that altcoins just as easily crash, and in long term they all crash to zero and get delisted and forgotten when they have low volumes.

Trading altcoins is more like gambling than investing, it's a game of a bigger fool - they don't create anything valuable for society that could justify their price.

If you can code, just look up a decent Bitcoin library for your language, they all support creating addresses or wallets. If you can't, then somebody needs to do it for you, and I doubt anyone would want to spend a few hours doing it for free, so you should post an offer in Services board to hire someone for this task.

Halvening is still 1 year away, until then it will most likely be the sideways market, judging by the past markets. Now is a good time to buy if you can 100% afford to wait 2+ years. The short term remains highly unpredictable as always, so it's highly risky to do any short-term trades, because Bitcoin can go up or down by a lot very easily and very quickly.

Normally inflation is only a few percents per year, so over 4 years it wouldn't be so dramatic. The current inflation is the result of covid and the war. People may say in hindisght that gold or Bitcoin are a better store of value, but gold and Bitcoin also crash from time to time. There is no perfect store of value that is immune from losing its value.

This won't happen because miners and most of the community won't care. However, now is a ripe time to start creating forked shitcoins that disable the possibility of NFTs and other crap, and dumping them on exchanges like it happened with all the previous forked shitcoins (BCH, BSV and so on). And then someone will create forked shitcoins with even more NFT integration to dump them too. So maybe we'll see a repeat of the previous Bitcoin fork craze that created a lot of airdrops for Bitcoin hodlers.

Governments don't need to conjure any excuses to ban Bitcoin, because most of the population will be indifferent. A few hundreds of bitcoiners will gather to protest for a few days and then will go home. The fact that governments didn't  ban Bitcoin so far means they don't view it as a big problem. Maybe they don't even view it as a problem at all, because not much people are using it in a way that would threaten the government - they just trade in on centralized exchanges and that can be and does get taxed. So adding any malicious information to the blockchain won't change much in the current state of things.

The people who trade NFTs can afford it, they are the millionaires who profited from previous bull runs, or just regular millionaires who enter this market. It doesn't matter if some of them will lose money by being the bigger fool - they can afford to lose. And this mess can go on for very long.

Bitcoin is not a decentralized digital currency right now, it's a decentralized casino for rich people to gamble on NFTs.

If we will get contacted by aliens, they will be so advanced that they won't need anything from us and wouldn't want to share anything with us so that we won't ascend to their level. Or if they are benevolent, they will just share their stuff with us for free. But if trade will happen, it would be likely in their currency, because they will be in stronger position.

But if aliens exist, what currency they will accept will be the least of our concerns. They could just choose to destroy out planet to prevent us from threatening them in the future.

Originally "petrodollar" was just a name for dollars that are used for oil trade, but then someone came up with a theory that all USD value holds on this oil trade, and if countries will switch to other currency, USD will collapse. This theory completely ignore all other international trade conducted in USD, which is far bigger than just oil trade.


That's also a narrative without proper backing, why would US economy collapse if international trade will switch to other currency? Inflation alone can not kill economy, and it's not even clear that the supposed dedolarization will cause massive inflation.

I think we are witnessing the first market failure of Bitcoin's fee market. Instead of efficiently distributing the rare commodity (blockspace) it has been monopolized by the ultra-rich who use it as a toy (NFTs). Maybe eventually the market forces will set everything right and NFTs will collapse like the beanie babies and tulips did, but this problem can be going on for years. The best solution would be to patch Bitcoin Core to make Bitcoin NFTs impossible, but development of Core is avery slow process and it can take years if the devs will decide to do it, which is a big "if".

Economy collapses -> people have no income -> people sell assets to get cash to pay for basic necessities -> Bitcoin crashes

If Bitcoin was a widely used currency, the crash wouldn't be so dramatic, but because people need to sell it to actually use their Bitcoin wealth, Bitcoin would be in a bad position if there's a global economic collapse.

Luckily, all the talk about collapse is just a FUD coming from political extremists, at worst there will be some economic stagnation similar to covid times.

Saying that regulators control Bitcoin market is an overstatement. Their actions might influence it, but there's also a lot of other factors that cause price change, most notably halvenings. There's no entity in this world that can decide precisely what the Bitcoin price will be tomorrow, because Bitcoin's supply is distributed among millions of people and it is traded on a free and global market, and we are already at the point when most of coins have been mined. And both the network and software are not controlled by a single entity.

This has nothing to do with IQ, it's just basic math. Anyone who have middle education and didn't sleep during math classes should calculate 2 (because the amount is doubled every day) to the power of 30 or 31 (number of days in a month) and get 10.7 or 21.4 BTC correspondingly.

But it's a good way of illustrating that people shouldn't rely on basic perception and always do the math. It's easy to lose perspective when dealing with big numbers.

When there's a fee spike due to higher demand for transactions caused by increased trading activity or some NFT hype, it can last for many days if not weeks, including on weekends. You can send your transactions with a moderate fee and use RBF to increase the fee if you will need to change your plans and get it confirmed ASAP.

High fees are annoying, but you need to look at a bigger picture. If Bitcoin suddenly went up and you want to dump it, it's better to pay a high fee (like $5-10) and get high profit than to wait for lower fee and risk the price crashing and your lost opportunity being higher than the saved fee.

That's what I see too - sites and blogs about economics, business and investing are talking about crypto as a viable option, simply mentioning that it is risky. Organizations and individuals accept it as donations. Those who think it's a scam are just a loud minority.


Investment is a privilege that the poor can't afford, so no one should be surprised that most people are not interested in Bitcoin - they just can't afford the risk.

A good strategy to promote more Bitcoin adoption would be telling people that they can and should invest small sums to be less exposed to the risk.