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Bitcoin is a strange thing.
-- Before you understand it, it is extremely confusing and makes no sense. This outright kills 99% of all potential adopters.
-- When you understand it, everything becomes crystal clear and falls into place. This happens to the remaining 1%, who HoDL like there's no tomorrow.
-- Traders belong to the first 99%, they just don't know it.
I don't think I've ever encountered anything quite like this in my life.
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Can't disagree with any of the above. Regarding Bitcoin units, I've also thought about the vast gap between BTC and sats (that's an 8-orders-of-magnitude gap -- it's massive). It's not so convenient to use 0.021 BTC, but neither is 2,100,000 sats. Perhaps we could say that we are currently in a no-man's-land kind of level in between the units... Some have tried to use mBTC, μBTC, and so on (proudhon would probably like that -- math, science and all). In those units, 0.021 BTC = 21 mBTC, which is quite nice. For some reason, though, those units never took off... I've always liked mBTC as a unit: when I joined Bitcoin, it was worth about €0.20. Now it's worth just over €50, but it's still a convenient unit (for "daily" expenses). I don't like for instance 0.00003 BTC, and I don't like 300000 sat for the simple reason it's annoying to count the zeros. With mBTC, anything from a coffee (0.05m BTC) to a jacket (2m BTC) has a convenient small number. My assumption has always been Americans don't like milli because they're not used to SI, but "here" it's quite common to use "m" for anything from volume to distance. It's the default now in Electrum, but for LN sats seem to be used more often. I think your example would be 3000 sat, but it still has quite a lot of zeros for such a small value. I also like mBTC, I hope it takes off some day. Better yet, I hope Bitcoin's value rises so much that the sat unit would then be as convenient as mBTC is now... |
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[...]
these days some of us are either aiming for 0.21BTC, and some of us have admitted to reaching more than 0.63BTC...
Just consider how much more insight Billy nocoiner would be able to achieve merely from being in a kind of 0.21BTC to 0.63BTC accumulation range.. holey shit.. and for sure whole coiners are on another level these days.
[...]
0.21 BTC... What a ride! We've come a long way... It used to be 21 BTC, then 2.1 BTC. Now it's 0.21 BTC. Soon we're going to have to start talking satoshis. Something like 2.1M sats, 210K sats, etc. Seems really logical regarding a kind of transitioning from fractions to whole units. The vast majority of normie peeps (maybe apart from mathematicians, statisticians and other numbers-oriented scientists like proudhon) have a decent amount of difficulties to work with fractions as easily as they are able to work with whole units. Another kind of ironic dynamic seems to be that there seems to be a kind of natural progression from BTC to satoshis and skipping some of the labelling of the in-between units - and perhaps it really is NOT necessary to come to consensus regarding how to label the various in-between units.. at least not at this time, and dealing with satoshis might not even be that difficult.. such as working with large numbers of up to 100 million satoshis before we just convert over to bitcoin references.... o..k. o.k. maybe I am getting a bit ahead of myself in terms of some of the practicalities that might come from some kinds of labelling of some of the in between units.. because there is a bit of a bigness in even dealing with millions of satoshis.. sometimes those large quantities will not sink in very well and then when it comes to labels, it could still be a bit cumbersome to be dealing with 8 digits before getting into bitcoin as a unit... so practicalities are likely needed, practicalities.... but surely, there can be some resonance to for some newbies to proclaim that they are striving to reach their first goals of 1 million satoshis or even 21 million satoshis.. does not really seem to be lacking in concreteness, especially if talking about wealth accumulation goals (or early-stage investment goals). Owning whole coins used to be a routine thing. Now it's a holy grail. Soon it will be unreachable.
Check your privilege AlcoHoDL.. hahahahaha.. I hate to use that SJW expression.. but what the heck. It is already very unreachable for the vast majority of peeps in the world - outside of the fairly well to do in the West.. and even the elite in the non-west to be able to easily get to whole coiner status. Sure, there was a bit of a window between May and July-ish of this year, and it is seeming quite likely that tho0se kinds of windows are closing.. I am not completely sure that we might not get some buying opportunities in the $40ks or even in the lower $50ks.. but jeez.. in the $30ks is seeming less and less likely.. and gosh even being able to stack those levels to get to whole coiner status would be from peeps who have already accumulated decent amounts of wealth in property, 401ks, equities and perhaps some other assets but not from normie wage earners who are building their wealth and we know it can take a whole hell of a lot of time to build wealth, even to get to one years salary.. which one years salary might be way less than whole coiner levels in the non-west and even in the west maybe we could presume a kind of average of decently higher level earners to be slightly above the amount of a whole coin.. and moderately well-to-do (or is that just another way of saying middle-upper class?) couples might be earning in around the $120k arenas... Think. Accumulate. HoDL. Don't end up being future sat beggars.  Actually that is another decent reminder for just the mere practicality to ongoingly engage in building (stacking) of sat quantities - but there seem to be so many normies who are not even getting that message. Yeah maybe or maybe not they will get to a kind of goal of getting to 1 BTC.. but surely they are not going to get to 1 BTC if they do not get the fuck started as soon as possible and just have a kind of plan in place that might even involve goals of stacking for a minimum of 4-10 years and surely if they set their goals fairly modestly then they would have decent chances of reaching and exceeding their goals several times.. but there is a certain kind of benefit to consistencies and persistence... and even if some people do end up reaching/exceeding their goals through gambling, I have never recommended that kind of methodology.. because establishing and following through with the ongoing employment of a prudent and even a potentially quasi-aggressive incrementalist approach will still likely end up presenting such planner/accumulator into circumstances in which future opportunities will present themselves.. even if the opportunities (such as buying sub $40k BTC) might not be in immediate realistic ways to be considering what is likely or probable... but who knows about that, either... but have to get started, put a plan in place and then be in a better position (most likely) to identify and take advantage of opportunities when they do present themselves in the future. Can't disagree with any of the above. Regarding Bitcoin units, I've also thought about the vast gap between BTC and sats (that's an 8-orders-of-magnitude gap -- it's massive). It's not so convenient to use 0.021 BTC, but neither is 2,100,000 sats. Perhaps we could say that we are currently in a no-man's-land kind of level in between the units... Some have tried to use mBTC, μBTC, and so on (proudhon would probably like that -- math, science and all). In those units, 0.021 BTC = 21 mBTC, which is quite nice. For some reason, though, those units never took off... Newbies... From my experience, it's currently VERY difficult for the average newbie to get started in Bitcoin, due to its apparent "expensive" status. They all tell me that it's too expensive to buy. And the problem is not only in terms of understanding that one BTC is divisible by 100,000,000 units. Even when I explain this to them, they still don't like the idea of owning "only" 0.021 BTC. It seems far too teeny weeny tiny an amount to them. They'd rather invest in cheap shitcoins instead -- they can be whole-coiners that way, except they conveniently omit the "shit" part in between... Maybe this is really a feature, a way to filter out the weak hands... What do I know? At my time, common corn amounts were whole anyway, LOL! |
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[...]
these days some of us are either aiming for 0.21BTC, and some of us have admitted to reaching more than 0.63BTC...
Just consider how much more insight Billy nocoiner would be able to achieve merely from being in a kind of 0.21BTC to 0.63BTC accumulation range.. holey shit.. and for sure whole coiners are on another level these days.
[...]
0.21 BTC... What a ride! We've come a long way... It used to be 21 BTC, then 2.1 BTC. Now it's 0.21 BTC. Soon we're going to have to start talking satoshis. Something like 2.1M sats, 210K sats, etc. Owning whole coins used to be a routine thing. Now it's a holy grail. Soon it will be unreachable. Think. Accumulate. HoDL. Don't end up being future sat beggars. |
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BITCOIN IS CRASHING TO PRICE LEVELS NOT SEEN IN THE LAST 9 DAYS!!!  If you hold btc just relax and enjoy or the best is to have the btc sandwich with dips that could feed you for entire life.Taking two steps back mean the jungle king is preparing for high jump... Well, I am a Bitcoin HoDLer, and sure, I'm very relaxed. Extremely relaxed... Fucking totally relaxed. So relaxed I want to stick a rusty pipe in that filthy Yoda's ass. You fucks! FUCK! No, really, I'm very relaxed. Thank you Bitcoin. |
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I foresee a post by Arrie complaining about the price going back to $64k.
I actually find this irritating too (not Arrie's posts, but price action).
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Like I said I was born in 1957 and will almost certainly be dead by 2069 as 112 is not going to happen.
But if BTC is to wind out and whale and be 1 or 2 or 3 million even 10,000,000 and there are 2,000,000 in Frozen coins they will be moved or set back into circulation.
As 1,000,000 x 2,000,000 = 2,000,000,000,000 / 2 trillion to and 10 million x 2 mill = 20 trillion in coins.
No way is that staying idle for all time.
The pressure put on them going back to recirculate will be huge. The power grid and gear used at that time will need to be fed.
Not a worry for this in 2021 or 2029 or 2039 or 2049 but by 2059 yeah if the world and btc have survived they will be big pressure for that event.
To those that disagree fine hope you live to see it not happen and come to my grave and laugh at me.
Philip... Oh, Philip... What's happening to you? Is this some kind of joke, or even a r0ach-like metamorphosis? If what you're saying ever happens, it will be the end of Bitcoin. It doesn't make any sense and, frankly, I'm very surprised you're saying it. Keys ---> Coins. Keys lost = Coins lost. That's a one-way street, can't work around it. Putting backdoors to coins is equivalent to breaking Bitcoin's security. Who is to decide when, how much, and from where? Coin age? And what if the original owner suddenly appears? Would his keys suddenly become invalid? What you're saying implies a central authority taking control of Bitcoin's blockchain, and is equivalent to hard-coding the invalidation of keys in the Bitcoin protocol. This is sweet music to CSW's ears, should a retarded judge ever award him rights to Satoshi's coins. Sorry to have to say this, but what you're suggesting is probably the biggest pile of nonsense I've ever read in WO... |
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That's exactly what I meant in my earlier post. It's the first time in my life that I wish for someone to die a slow, agonizing, horrible death, rusty pipes included. |
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prediction for the year 2021 - at least one new ath every month  january 2021 - check✔ february 2021 - check✔ march 2021 - check✔ april 2021 - check✔ may 2021 - failed✖ june 2021 - failed✖ - i think i will have to use a better crystal ball next year  july 2021 - failed✖  august 2021 - failed✖ - 4x ath followed by 4x without ath - its now time again for 4x ath  september 2021 - failed✖ - BTC is dead  ocuptober 2021 - check✔ nomoonvember 2021 - check✔ Hopefully there won't be a DeDumpcember... |
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Until we go well above 70k and stay there I'm not going to even fake excitement.
I'm so tired of the 60k range now that I'm only irritated by this yoyoing in that range.
Piss or get of the pot.
Well said. Short, and to the point. |
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Less than $2k left for ATH... $2k? What is this, a jump for ants?
Looking fwd to waking up to it. Or...dare I say $70k? I'm going to dream about it for sure.
HoDLsleepppzzzzzzzzzz z z z z z z z z z z . . . . . .
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The problem I see in the Craig S. Wright trial: most, if not all of the judges and legal people, generally don't understand (and many don't like) the concept of Bitcoin and its fundamental properties that make it what it is. This lack of knowledge and understanding of Bitcoin by the legal system, combined with some clever tactics of manipulation by the CSW side, can lead to the judge awarding CSW rights on the BTC in the addresses he supposedly owns. This can lead to an avalanche of legal actions and pressure on the Bitcoin Core team to do something that can't even be done. We all saw what happened in the Cøbra case.
CSW is a cancer that is metastasizing to all aspects of Bitcoin's existence and development, with the sole purpose of feeding his ego and satisfying his megalomania. The sooner he disappears from the face of the earth, the better. He has to be hit so hard as to never be able to attack anyone ever again -- just like cancer: cut it out before it spreads.
I am not sure if I get what you are saying, AlcoHoDL. Isn't CSW merely fitting in a niche that happens to exist.. so even if he disappears from the trying to fuck over bitcoin scene, won't there by some other attack-vector dweeb to take his place as a newly anointed king of dweebs? I see your point -- Bitcoin has demonstrated time and time again that it is robust enough to not be affected by various attack vectors in its history, and the attack vectors will surely never cease to exist -- if anything they are likely to intensify. It's just that Craig Wright is a special kind of beast, one that won't give up so easily, and will keep on fighting to destroy Bitcoin as long as he can do it. I wouldn't be writing this if the Cøbra case had a different outcome. Forcing (and succeeding in) the removal of the Bitcoin White Paper from the UK version of bitcoin.org because of CSW's claim he's Satoshi has left a sour taste in my mouth... I just hate everything about this person, and really hate to see him winning cases due to the ignorance and technical incompetence of some judges. CSW is one sick megalomaniac the world would be better off without. |
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You're probably right about them not being Antminers...but you didn't get the meaning of my post/joke: Antminers = ants + miners = teeny weeny little miners, able to fit in a jewelry box to present to your GF. |
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I chuckled with that. I can bet these are Antminers. |
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The problem I see in the Craig S. Wright trial: most, if not all of the judges and legal people, generally don't understand (and many don't like) the concept of Bitcoin and its fundamental properties that make it what it is. This lack of knowledge and understanding of Bitcoin by the legal system, combined with some clever tactics of manipulation by the CSW side, can lead to the judge awarding CSW rights on the BTC in the addresses he supposedly owns. This can lead to an avalanche of legal actions and pressure on the Bitcoin Core team to do something that can't even be done. We all saw what happened in the Cøbra case.
CSW is a cancer that is metastasizing to all aspects of Bitcoin's existence and development, with the sole purpose of feeding his ego and satisfying his megalomania. The sooner he disappears from the face of the earth, the better. He has to be hit so hard as to never be able to attack anyone ever again -- just like cancer: cut it out before it spreads.
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That's nice, but the reference to Deepak Chopra spoiled it all... |
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Merited, mainly for the style of writing. I just love to read you, Jay. Even if it takes me forever, sometimes... |
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 💰 Kristoffer Koch invested 150 kroner ($26.60) in 5,000 bitcoins in 2009, after discovering them during the course of writing a thesis on encryption. He promptly forgot about them until widespread media coverage of the anonymous, decentralized, peer-to-peer digital currency in April 2013 jogged his memory.
Bitcoins are stored in encrypted wallets secured with a private key, something Koch had forgotten. After eventually working out what the password could be, Koch got a pleasant surprise:
“It said I had 5,000 bitcoins in there. Measuring that in today’s rates it’s about NOK5m ($886,000),” Koch told
_____
💸 In April 2013, the value of bitcoin peaked at $266 before crashing to a low of $50 soon after.
Koch exchanged one fifth of his 5,000 bitcoins, generating enough kroner to buy an apartment in Toyen, one of the Norwegian capital’s wealthier areas. Today those $5000 bitcoins would be $310,850,000.00 United States Dollar I hope he kept some of those coins... Lucky guy! |
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Hey did I miss this? To be honest, I don't see future for BSV - positions are getting lower and lower, capitalization is not growing, and it is not visible, due to which progress can be made
We are very sorry for that. We can't hide it anymore, things really went wrong.
We thank everyone who supported us. We tried our best to develop an unique project, but global crypto-community was not on our side
Please forgive us if you can The Tard Capitulated.  I felt so happy when I saw this (I hate anything CSW-related), but after checking things out, it seems it was only a joke. BSV is still alive and (barely) kicking, sadly...  |
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Can't wait to sell my Kraken leftover corn to current nocoiners for $200k a pop, and them feeling happy they bought it cheap.
It will happen. Soon.
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