[...]  [...] Please, have mercy on our eyes! Indeed! |
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It seems that I have almost as much cash as is worth my whole BTC portfolio [...]
Wut?! (I think you have to explain your little selfie here a bit further.) |
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Bit of an underwhelming price response indeed fillippone. Bitcoin must me dead (tm).
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[...]
Is the regulation good? Because I don't agree, BTC was made to not pay anything to governments, banks or something similar, because it is not fiat money, having BTC is to manage our money as we want, not to declare to governments or banks.
Bitcoin isn't made for anything, it is about what you do or don't do with it. As long as the laws of the country you are at still apply you are stuck with those. Solution is you move to a more bitcoin/wealth friendly environment. Doing so puts pressure on your current government to change those laws in an attempt avoiding a capital (and often brain) drain. |
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[...]
I figured that the 2020 to 2021 1/2 ing and bull were great distorted by covid measures.
[...]
FTFY |
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You got to love the Bitcoin nerds, this will be my goto website for checking the price (next to Bitstamp of course):  Introducing UTXOracle.py - Get the price of bitcoin without any exchange or third party. Everyone who runs this will get the same price independently. Open source, 100% on-chain data, no external libraries, no cookies. Works offline.
https://utxo.live/oracle/
How it seems to work: Since a lot of people transact in round USD amounts (their unit of account is still fiat) you can probabilistically estimate what the price of Bitcoin is from "on-chain" bitcoin transaction amounts. https://x.com/francispouliot_/status/1704868961131659369The daily price of bitcoin has a clear on-chain signal. The open source program UTXOracle.py extracts this price using 100% on-chain data (no exchanges or third parties). The program found yesterday's on-chain bitcoin price to be $27,367. Anyone can run UTXOracle.py on their Bitcoin Core full node and they will get the same price. They will also get the same price history going back to July 26th, 2020: |
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buddy tries and fails for trips.
I got my new s19 xp running.
will be setting up the new mining box soon.
Perhaps instead of buddy sandwich posts can you share your experience on the WO when it comes to mining with the new S19 XP? What did (or still do?) you mine with previously and how does it compare? And do you think miners switching gear is the main reason hashrate is rising? Thanks. |
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So not bragging about your holdings is another easy security layer.
Part of the reason why 0.63 BTC will have to be downgraded, at some point. @AlcoHoDL, Trezor vulnerability is something that has been known for years, there was a lot of discussion about it in the technical discussion boards, but luckily every user can protect himself by setting a passphrase, and there is also another option, which is the use of an SD card. When it comes to passphrase, the conclusion is that they should be at least 37 characters long : A physical access to a Trezor One, Trezor T, Keepkey, or B-wallet allows an attacker to extract the 12/24-words within a few minutes using a low-cost setup (~100$), with a very high reproducibility (we had 100% success). We finally proved it can be fully automated allowing anyone to use it in case someone would sell the Extraktor box (similar to old Playstation hacks). This attack can not be fixed. The only mitigation is to use a strong passphrase: we recommend 37 random characters to maintain the same level of security. For those who are interested in how to protect themselves additionally with the help of an SD card : Trezor T (2.3.0) and Trezor One (1.9.0) firmware updateAlso, one thing I forgot is that it is possible to set a so-called fake PIN that can be left as a bait, and if it is entered, all data from the hardware wallet will be deleted. The Wipe Code
Another exciting new feature is the wipe code that acts as a “self-destruct PIN” that erases your Trezor if someone tries to unlock your device without your consent. If the wipe code is entered into any PIN entry dialog, then all private data will be immediately erased from your Trezor and the device will be reset to factory defaults. You can write the wipe code somewhere near your Trezor as a decoy PIN, so if someone tries to unlock the device without your consent, they will cause it to erase itself. You can also use the wipe code to reset your Trezor without using a host device. This update can be enabled on both Trezor models. A 128 bits PIN should do the trick as well, as it is used to encrypt the seed on the chip. (Please let me know if you think I'm wrong) I still have problems with the need for 37 random characters for the 25th word.. and let's say if someone just has 10-15 somewhat random characters, then how long is it going to take to break into the Trezor? Remember each time that we log into the device and sometimes we might get disconnected and have to log in again, it can take quite a bit of time to be logging in these 37 random characters each time... I am not going to say how many digits that I actually use, and I also am not going to give any hints either... and it is bad enough that I said that I use such a device, in theory. By the way, we have a long term member in these here parts that swears by that piece of crap, aka Ledger, and surely there are probably quite a few members who may or may not be in the closest about their use (and apparent belief) in the Ledger crap. ~snip~
A 128 bits PIN should do the trick as well, as it is used to encrypt the seed on the chip.
(Please let me know if you think I'm wrong)
You are definitely right, considering that I am not a user of Trezor, I was not even aware that in 2021 they increased the maximum PIN length to even 50 digits, and they say that 39 digits is quite enough to protect the seed from hacking. It's actually a good thing for those who for some reason don't want to use a passphrase or maybe don't even know such an option exists - although it's an option they always recommend to advanced users. Everyone should use the passphrase.. and it should not be considered advanced... and maybe using 37 random characters might be considered advanced. But I still wonder if a relatively short password might just be considered a less advance version. and is better than no password at all.. so why do we have to have a need to overly complicate matters by suggesting so much complication, when surely it must add quite a bit of difficulty to just have a shorter 25th word in there (or 13th word seems to be more standard) rather than no extra word (passphrase) at all. In other words, why let the perfect be the enemy of the good? We have a lot of cases where users wonder why they don't see anything on their balance even though they have the correct seed, and then it turns out that they actually added an extra password without which the seed creates a completely new set of addresses.
It might be a bit impractical to enter a PIN that's 39+ digits long, but for the average user it's probably easier than setting a passphrase.
Oh I see that the 39+ pin is different from the extra word...and that 39 character pin would resolve the other issue regarding a hacker getting ahold of the physical device and breaking into it.. so that still leaves the issue of the 13th or 25th word actually not needing to be very complicated, and a 8-15 character passphrase may well make it quite difficult to get at the wallet because they would first need to know (or suspect) that such a wallet (or extra portal to a wallet) actually exists in connection with the 12 or 24 word seed that was extracted from the device. Some thoughts: If nobody can access your seed your won't need any passphrase, if the seed was created with sufficient entropy ...which should always be questionable though! Also, you are right, even a short passphrase will leave anyone who gets your seed in doubt if there even is a hidden passphrase wallet and if it makes sense to put in the work to look brute force for any. A 128 bits phrase can secure your seed with the same security the seed secures your BTC, if that's what you want/need for ease of mind. Nice thing: totally independent from all that passphrase science is the PIN which can secure your Trezor 100% against seed extraction from the open source chip. If the PIN is strong enough, your device will be worthless to any attacker. Multisig solves a lot of potential security issues without making things complex (which is a security issue by itself). It really should be the standard in case of managing anything else than pocket change. |
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[...]
Currently average price for Microstrategy is slightly above market price, [...].
Is there a quick and reliable source to get the number of current outstanding shares? Each financial website I visit states a different number and I have't found it in their quarterly reports either. |
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That is some deep thinking! The line says where everyone would go first. Thank you for explaining. |
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[...] I am quite likely not going to be holding my breath for any of this, even though I do see why some people are getting bored, and maybe they feel that they already accumulated enough BTC in these prices, which maybe it could be the case, but being more than $1k below the 200-week moving average ( at $27,498 right now) does not seem to be a very healthy place in order to have a further break downwardly.. but hey, breaking down (if it is possible) might end up shaking some weak hands, if it does not end up recking some bearwhale twats prior to their ability to be able to buy back the coins that they had ended up selling in such desires to try to get the price of cornz to go downity rather than uppity or sideways. @JJG seems Saylor and yourself are on the same page:  |
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We are in the 'day tarders attempting to pick up pennies in front of a $10k daily green uppercut candle phase'. It is going to happen and it will be a beautiful thing to watch. Looking forward to the next two years like a little kid for its Christmas presents and make those bears look stupid once again.
Until then: sitting back and enjoying the summer. Wake me up please when there is some proper movement.
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[...] and the sells are $500 increments until $31.5k-ish then they go into $1k increments, and they slowly get bigger and BIGger and BIGGER... until $5k increments between $120k-ish and $150k-ish..
[...]
The royal we are already sorry for your loss. May I ask what is causing the compulsory selling (since $300 or so)? |
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It is already getting quite difficult for newbie normies to hold a whole bitcoin, and there is likely a need for a bit of persistence for many newbie normies to get their investment portfolio to such a place in which they are able to feel comfortable holding a whole bitcoin.
F that, you just really need to want it and understand what you are buying. No excuse for any newbie normie to not aim for the moon. [...] I have been proclaiming that anywhere between 1% and 25% allocation into bitcoin is an o.k. amount of an allocation
And F that too. Totally rookie numbers and irresponsible financial advice JJG. Do you really think that if someone dips their toes with a 25% allocation, and it inevitably goes up to 50% of their portfolio, they keep the coin? Of course not because they don't have a clue what they bought into. Learn Bitcoin and you want to get your hands on every little bit of coin you can. |
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[...]
Almost anything is possible.
These cheap corns can't last, page parity soon. This close to the halving buying dollars is picking up pennies in front of a steam roller, why would this time be any different? Guess each cycle people have to learn the hard way. |
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Probably best to chart MSTR for its market capital and also include a check on any debt instruments or liabilities they have also.
A very common way of looking at MSTR is considering the "enterprise value", which is the sum ok equity market cap and outstanding debt less the cash. In this way, you can understand how much is valued over the BTC they hold on their balance sheet. Since many of the bitcoins MSTR owns are financed with debt, isn't the stock/business currently overvalued? I would think you can't just take the number of bitcoins MicroStrategy owns and multiply it with the current bitcoin price. However that is exactly what seems to be the case, even with a hefty premium at the moment. Not trying to talk the stock down, I own some. But the pricing does not seem to be right unless I am missing something, other than there are currently few onramps for legacy finance adding bitcoin to their portfolio. |
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