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Eliminating the risk part, the other issue with PayPal now for US people is the taxes.
PayPal is now forced to issue tax forms if you receive more then $600 a year in total. If you only get as F&F you can 'explain it away' as getting paid back for things. However, getting it as G&S there is no possibility of not paying taxes on it unless you have a way of writing it off.
Just saying....
-Dave
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...
A couple months ago I synced a totally stock 0.8 release binary from early 2013 all the way to the current tip, with no special configuration or anything-- it just worked (though very slowly). This test lets you easily be absolutely confident that there have been no triggered hardforks in the last decade. (Latent hardforks, though, can only be found with careful code review-- certainly there have been no intentional ones since Satoshi, maybe never)
Testing older than 0.8 is harder because really old binaries don't work right on current systems and building the old code with a modern operating systems also doesn't work right. Satoshi also made an incompatible P2P change in 0.2.10 with a time delay that didn't activate until 2012-ish, so any node older than that requires modification or a custom gateway to get connected to more modern nodes.
Did you test older versions till you found one that worked or do you just know that they will not? I'm not motivated to go install & update an old 32 bit OS just to run the old client but it would be an interesting experiment if you did not do it. You are WAY more informed on this then me, but if 0.8 can sync, if I can can get it running from what I can see 0.6.3 should also, but it may not work properly on a modern OS. Eliminating the security implications running it on 32 bit Windows XP should work. Just wondering, not that important. -Dave |
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One other thought for semi-anonymous purchases is a local BTC group. There are a lot of small groups out there that even if they don't have regular meetings do meet enough that if you are not in a rush you can probably find someone to buy from for cash. Not anonymous since it is F2F but it's a thought. One of many sites for people to find people with similar interests https://www.meetup.com/topics/bitcoin/-Dave |
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"Bitcoin Depot has reached a deal with a special-purpose acquisition company that values the cryptocurrency ATM firm at roughly $885 million and would take it public, company officials said.
The merger comes during market downturns for cryptocurrencies and SPACs and is expected to test investor appetite for bitcoin ATMs, which some skeptics associate with crimes and high fees."
I couldn't read the whole content since it required having a membership, but from what I've gathered through other sources, I'm having mixed feelings about the whole situation... Considering that in the past year or two, certain governments have tried introducing tighter rules towards BTM operators and their users, this basically rubs salt into the wound [e.g. expanding their operations further at the expense of having less control and all of the privacy-related issues that might arise in the future]. But, it is going to let them get into a lot of locations that they could not previously due to the lack of funding / backing / capital. There are many locations that due to regulations it's difficult to setup ATMs, and BATMs are included in that, because there are regulations that require certain amounts of financial backing and assets. So now they can get into those locations. Hardware, leases and everything else also cost money. And hopefully some customer support staff. -Dave |
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Going with what @MinerMEDIC said. I have fixed cost power so it's better for me to have a miner that will last forever, then the latest & fastest that dies after 18 months.
I have stuff running that if WAY past being able to generate any BTC if power was a concern.
Also, as a side note 110V power would be nice. Yes, I know the rest of the world uses 220 and building for the little bit that uses 110 is probably not worth it.
But not having stuff that can run on 110V or lower amps for the rest of the world does limit some small home / hobby miner sales.
-Dave
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So if you put in a lot of tight security and people get themselves locked out they sue.
If you don't have enough security and people get hacked they sue..
If you add coins that people don't like they sue.
If you let people invest in something they don't understand and loose money they sue.
Got it.
-Dave
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There are a lot of ways to encrypt files at the OS level or if you want to (and you never should) store it someplace else you can always zip it and password protect that file.
However.....you then run the risk of what we see here again and again of people forgetting passwords and so on.
On the surface it's probably not a bad idea, but I don't think it's worth the programming time and potential pitfalls.
-Dave
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I went with the link to eBay which you provided, and there's nothing there except some paper garbage with Trump on it, that is not legal tender. But, indeed, there were large-denomination banknotes issued in the USA, you can see all of them following the link below: https://en.wikipedia.org/wiki/Large_denominations_of_United_States_currencyAnd, yeah, you are right, today they cost much more than their denomination 
As for removal of $100 bills from circulation, it will never happen. Not in our lifetime anyway. Hmmm, this is what I get from the link:  Could be logged into ebay vs not or even location, but as we agree there is a nice trade in the bills. Not knowing your age the 'not in our lifetimes' is a tough call. More and more cash is going 'subprime' no rewards, no security, larger chance of loss. Yes it's anonymous and private, but if I get paid from my job by check / direct deposit I can pull cash out and pay for things but I loose the cash back % of any credit card I use, the warranty extension that a lot of cards offer, the security of knowing that if I loose my card I am really not out any money and so on. Thinking about it the last time I used / had a $100 [outside of a casino] was when someone bought my old motorcycle and even then it was mostly $20s with a couple of $100s thrown in. -Dave |
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Just another poor guy who's bored on the internet, and hopes someone will use him as a middleman because it is " completely anonymous and secure". He's on my Ignore list now. There are quite a few people on my ignore list, but sometimes you just see the crap coming from some accounts and feel they need a tag. Some of it is probably based on my mood but I would like to think that having a few neg tags and a flag or 2 will stop someone from getting scammed by them. Can't hurt, the odds of posters like this ever going legit are small and if they do feedback can be changed and flag support can be withdrawn. -Dave |
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I don't see a physical address or anything else so I would be wary.
You probably missed it, but it is written on the site Voltage Incorporated 1050 S Sagebrush St Wichita, KS 67230 Email Address: support @voltage.cloud Telephone number: 620-755-1703 I checked the usual spots, the main page, the about us page and the contact us page and did not see it. So either their site is not mobile friendly or I just missed it. However, looking at that address it is someones house not even an office in a strip mall or one of those shared office places, just a house. Sure that the cost can easily be lowered but there are surely people who prefer to pay for a "ready to go" solution. It will certainly become a niche later on. When you see the electricity price in some countries, it can be cheaper to run a server. If you spend $3 on electricity, well it could be better to buy a 3$ VPS with a 100 times better connection, and maybe a "better security" what HW are they hosting on, what it the back end connection and where are they hosting
I don't know the specs of the HW, but I know that Lite and Standard nodes are hosted on shared HW, while Pro nodes are on dedicated servers. Servers are located in The United States Could be the way they do their marketing, but the way the pricing is shown (per hour with a per month price) looks like they are just spinning up machines on the Amazon or Google cloud (or similar) not saying that is bad but if it's a well known cloud good cloud provider that's fine. If it's DaveF hosting it's a different story. Don't get me wrong I like seeing more things like this in the BTC space. But without more info this service may or may not be worth it. -Dave |
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....
Nope. In my opinion hardware wallets make no sense to use. Completely unnecessary.
If you are going to hold, use a piece of paper.
If you are going to spend, use your phone.
If you are going to trade, well the exchange does the holding for you.
There isn't any need for a hw wallet in any of these situations.
For you....For others it's a different story. Hot wallet on my phone a few hundred dollars of crypto at most. Or, as I like to say, the phone is worth more then the crypto on it. Warm wallet, under $2500 but that much would suck to loose so although it's on an internet connected PC it's needs a hardware wallet to sign / send. Cold wallet. 2 of 3 mutisig in separate locations that all have live physical security and single pass-though man-traps. The argument is that there is no way for users to know that the firmware signed by the maker is the one that is actually running on the device (only that the device claims that its running that).
That's wrong; you flash the device yourself using the firmware downloaded and verified from the website whenever you update it, actually. So every time you do, you re-verify that everything's fine. Interesting. Is this flashing you talk about done by the official hardware wallet app? (BitBox App, Trezor Suite, etc) Or is this something I need to do separately myself? Depends on the particular wallet. There is no 1 answer. -Dave |
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I can say that at least 100 of the 0.001 are from me. They are the Dave and Julie DIY Bitcoin Penny Coins.
Yes I know a penny should be 0.01 but give them away to people so deal with it :-) or send me a bunch of BTC and the next time I am making things to give away I'll fund them with some of your money...
No real set time when they were made but were always done in batches of 5 or 10 usually just before events or gatherings and no idea how many still exist.
-Dave
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The question is what HW are they hosting on, what it the back end connection and where are they hosting? They have a nice website but...... I can have a BTCPay server up and running in a VM on my home PC on behind a cable modem in less then an hour since I have an image that is almost up to date handy. It would be sitting on an external USB drive with no redundancy. I will give that to you for $7.50 a month.....do you really want that? Setting something up in the AMZN cloud or similar will be different. I don't see a physical address or anything else so I would be wary. Come to think about it https://bitcointalk.org/index.php?topic=5364742.0 I'll host one of these for $5.00 a month......... -Dave |
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Or, and I am just putting it out there you can have a trusted member buy one and ship it to you.
Don't know how customs is where you are and if you would really trust the "random internet person" here but I think there are enough people you could reach out to who would buy & reship for you. Also, when are you coming / where in the US are you going to be? Have it shipped to a trusted member and you can do a F2F, have a cup of coffee or whatever and get it.
Just a thought.
-Dave
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There really are enough DEX out there for people to use, if they choose not to use them, then that is on them.
Also, lets face it at least in this case it always looked like someone just talking BS. They sent coins out and their account was frozen. That is just not logical. I can see where they may freeze your account if incoming coins originated from someplace that they have on their 'no' list but going out. You could have just as easily sent them to your wallet 1st and then on. 1 quick extra step. It really does not even pay to monitor outgoing for things like that. Otherwise they will be following coins forever.
-Dave
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I would do BTC and possibly 1 or 2 alts I that's it.
USD EUR GBP for the fiat side
Add a couple of donation addresses on the bottom with different coins. The more popular but cheaper to send alts even if someone sends you a few doge here and there it could add up.
The original preev colors were fine as is the white on black you have setup.
Keep it as simple as possible so lower power devices / slow internet can still get to it.
Just my thoughts.
-Dave
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set the max Power to 100W for 1 board and then use only 1 hashing board, at the end you will have 1.1Th/s for about 110W, it’s not really hot and it’s not loud with only 1 Board, you will hear only the PSU, not the Miner
Would it also possible to change the fans of the miner to standard 120mm computer fans to make it even quieter, or does Braiins OS doesn't work then anymore? I ask this question because I think I will use the miner to run all 3 boards at 100 Watts each if this is possible with basically no noise. More or less CFM = 3.25 x Watts / allowed temp rise deg F So figure out room temp and how hot you want your miner to run an you can do the math of how much air you have to move. This is not perfect but should give you a good idea of how fast / slow you have to run the fans. It's also a worst case scenario of heat transfer. -Dave |
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Very interesting observation. What is also possible is that the person who owns the address already used up all his bitcoins and have now come to the more or less oldest ones to also use them to fund his lifestyle. I can't really think of any other reason to not touch coins for so long and then move them at this point.
There are probably a lot of people who had a few hundred to a couple of thousand BTC from back then and are just slowly moving them as they need funds. Think about it if you sold 200 back in 2017 you had $4 million USD (before tax) here we are 5 years later and you can cash out another million. You can have a really nice lifestyle with that and if you are quiet about it not attract attention. And a couple of years from now you can sell another 50 for?  I don't see it as any differently then someone who back in the late 90s dumped $5000 into APPL to see what might happen an for the last 15 years has been slowly cashing out. If you don't talk / brag about it nobody will ever know. Except the IRS....they know..... -Dave |
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Flat out not true.
With things like the lightning network more and more people are transacting without their wallets / addresses being touched. Addresses / wallets are just one small indicator of what is going on.
As more people use LN for day to day transactions BTC price will change. But there will be limited visibility on chain with addresses / wallets.
Some people like LN, some people don't. At this point it's 'whatever', it's being used and it's growing so all other things aside lots of small transactions are going to matter more to theBTC price then a few larger ones.
-Dave
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