My theory is that they're just placeholding for now. They don't really care about investing too much in it or their present users. Circle's occasionally spouted off about tokenising everything which requires an exchange.

However they may find that if this plan ever comes to fruition no one's going to want to go anywhere near Poloniex.

I can't really think of any exchange that's made a proper resurgence after falling out of favour. You either stay up there or you're toast. Circle has excellent track record for pisspoor timing so they may let Poloniex wither even more just as a proper bull run takes off.

I favour an encrypted folder on multiple micro SD cards in multiple places. I photograph the seed and write it down in txt files before sticking it in the folder. The cards are also renewed on a rotating basis in case one or more fails.

No way would I use something like a cryptosteel or something simply written down in an accessible manner. You never know who's going to uncover it. The days of few people knowing what a seed consists of are drawing to a close.

I've been in BTC for many years. At no point have I ever given the slightest shit about mining. It's not my problem. It's not my concern. I pay it zero attention.

Miners take care of themselves. The algorithm takes care of the economics of mining. What it costs them is their problem. If they can't take it someone else will.

Any miner attempting to defend a price will wind up ruined in a very short period of time. At heart miners are service providers. They follow the price, not lead it.

I spend a fair bit of BTC. I tend to use it to buy items that'll improve my life. That way I won't be sad if the price ever reaches squillions of dollars as I got plenty of good use from whatever I bought.

Unless I had no alternative, and I do, I wouldn't spend it on consumables like food, coffee, fuel. That stuff eventually comes out of my arse, urethra or exhaust pipe never to be seen again, though it was certainly useful at the time.

The key to spending is earning in BTC. And those who bought for a lot less have earned more buying power in a sense too. If you've got it coming in then you'll be more inclined to spend it. If you've laid out your dollars in the hope of doing well, and are yet to, and underwent all that hassle to obtain it then you'll be far less willing to spend. You'll want to hoard.

A lot of attitudes and circumstances will need to change for it to see regular use as a currency. We're nowhere near it now. We may never be.

Everywhere will eventually fall into line unless they want to recede into the shadows. That's just the way the world is going. Hopefully they'll have the courtesy to tell their users that they're going full KYC too but a few seem fond of keeping it to themselves until it's too late.

If you're happy with the amounts risked then that's cool. It would REALLY get on my tits.

You've been using a payment processor as a wallet? That's a genuinely awful idea. It's a terrible idea to use any site to store cryptocurrencies. There are many, many options that give you full control over your coins.

Let us know what coins you want to store and what your situation is in terms of how you access the internet - computer, phone etc and you'll get some useful answers.

If you want to accept crypto for payments then this is what you need - https://btcpayserver.org  especially in a place like Bangladesh. Again, it lets you be in control.

I wouldn't put any money in somewhere with the possibility of KYC without verifying myself to pieces. It's just too much potential ball ache and some of the demands these places make are so stupid I want to see the demands up front before deciding to go with them before they have me by the nads.

KYC is a ticking time bomb. Better to defuse it before you're in too deep.

Hope your issue gets resolved in a timely manner.

None. Including Bitcoin.

You're still making a bet expecting higher values in future, not storing what you have. BTC is looking like a considerably stronger bet but that's still what it is at heart. You may choose to treat it as a store of value, most others still regard it as a dollar generator and those at the reins will think nothing of attempting to drive it wherever they like in search of more dollars.

If I had heart operation chalked in for next year I certainly would not park the money in BTC.

The speculative phase needs to be played out in full before even thinking of the store of value aspect. Once store of value is commonly accepted we may end up with some currency function too.

That reminds me of all those Windows 7 parties I threw back in the day. Truly amazing times.

https://www.youtube.com/watch?v=1cX4t5-YpHQ

I even paid more black people to attend than that one.

The difference between Trump and Johnson is that Trump believes every single thing he says. Johnson believes in nothing but his own glorification and will say anything anyone wants to hear. He's a clueless opportunistic cunt.

A few thousand fat old white men voted for him and the direction he's taking. A couple of by-elections and a couple more MPs turning out to be rapists and he won't have a majority.

Britain has flushed itself down the toilet. It's better for England to masturbate quietly about a dead past while Ireland reunites and Scotland goes independent.

Maybe discovering BTC, realising he hated it and deciding to tell us over and over and over again turned his life around. Perhaps it turned him into a tiger in the bedroom and a warrior in the classroom.

All the same I'd prefer it if Theymos had allocated him his own forum with bots to agree with him.

Something tells me we'll never get trolls from that era quite that deranged in future. I think many back then truly believed they could talk Bitcoin into its demise. Even the most deluded can't convince themselves of that any more.

2017's bubble pop attracted nothing like the same amount of mindless doom 2013's did.

Indeed. Which makes him a five bedroom, fur lined, twin turbocharged uber troll to the rest of us.

The most compelling villains in the movies are always convinced they're doing the right thing.

I remember Adam always offering to give him BTC which he always refused. The most bizarre of all is that he's still there on Reddit plugging away as dedicated as ever despite the relentless mushrooming of Bitcoin. The amount of time he's put in means he could've been a millionaire using that time to mine with a pencil and paper.

He must have put in thousands, or tens of thousands of hours in by now.

Aye. This one pops up every now and then. I still find it absolutely impossible to believe. Mr. Slayer hints at the evidence but I haven't seen any other than the odd inference. Someone else reckoned it was a 15 yr old girl in Ohio or something and produced a few crumbs of evidence.

The chop entity and its alts was beyond anything I've ever witnessed so that's a given. As a runner up it's probably Stolfi who was almost as relentless but believed he had some value which makes him double dull.

No one knows until it's in the rear view mirror. You can certainly sense the hysteria in the air at the time but if you're balls deep in it you're expecting more hysteria on top of it.

For myself I knew 2017 was done when I guy I knew called out of nowhere and wanted permission to buy $3 XRP. He was the dumbest money imaginable and that's always the last to arrive and the first to get fucked.

Hardly anyone times the peak and the price people pine over for years afterwards was probably achieved by about 5-10 people on the entire planet so it's a pretty meaningless figure.

Hardly.

China has no clout in the market any more, it's never had any influence whatsoever over BTC's actual development. It has had mining but that can easily migrate elsewhere.

China's been a tumour on the whole shebang. The less China there is the better for everyone else.

This is a good point.

Regulators will always be a long way behind and for many of them it's about covering their arse rather than actually being effective. They may decide giving privacy coins a hard time is enough even if stuff like lightning networks on BTC take off and make them redundant.

If I'd done cost averaging when I started buying I'd have one hell of a lot more coins than I have now.

Plenty of knobs here will tell you to 'trade' or go all in at one moment but they've probably completely fucked themselves doing it and want you to join them in pure, screaming hell.

No one knows what's going to happen. That's why I at least think it's better to spread out the uncertainty.

All the private keys are available through that. The tricky part can be finding the right ones as it shows you thousands of them. They show up in batches of 20. If I remember rightly the ones you've already used tend to emerge rapidly though I've given up a few times. It's possible I was using the wrong derivation path.

Make sure you use it on a very offline computer of course.

Can you not use this with it? https://iancoleman.io/bip39/  I know some wallets have weird derivation paths. I used it to get private keys out of Mycelium to retrieve shitforks. It can be a bleedin' nightmare pinning down the right address but it's possible.

If they're buying with the expectation of coins being tarnished with some dodginess at some point becoming unusable then they'll also find their clean coins are worthless as a market that consists only of squeaky cleanness will be so unwieldy it won't be able to function.

I don't have a huge issue with coins that come direct from theft or funding something nefarious being captured or whatever. If They choose to move it a few steps down the chain then this whole thing becomes untenable. You'd think the people paying those premiums would figure it out too but if they want to spunk some extra money then go for it.