9. I will not include a self-destruct mechanism unless absolutely necessary. If it is necessary, it will not be a large red button labeled “Danger: Do Not Push”. The big red button marked “Do Not Push” will instead trigger a spray of bullets on anyone stupid enough to disregard it. Similarly, the ON/OFF switch will not clearly be labeled as such.
best self destruct button ever was in Forbidden Planet. the button to destroy the entire planet was in what was basically called a school classroom for children.
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if im paying the fee to get into a block how is that asking others to support me? im paying my way and miners set that fee, not me. i pay to play.
If miners set the fee, we wouldn't be having this discussion. If miners "set" a $200 fee and 10,000 people were willing to pay that fee, they would not all get into the block. Thus that fee could not have been said to be set at all. It is only the artificial scarcity of the artificially limited block space that forces fees high for those that want to participate. oh please. so lets say miners are the gate keepers. if your fee meets their criteria you are in. if not, increase fee to try again or go home.
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i too am fine with the current setup of small blocks. i want to be able to have my own local copy of the blockchain to verify transactions and holdings for myself. so occasional transfers where i dont mind 1 percent say or 100 buck fees to move something. but sooner or later its gonna be a whales only game with full blocks with large enough transactions where like say a minimum $20k USD miner fee will price plankton like myself out.
Bear in mind that many, many bitcoin users do not verify their blocks themselves (including myself. I powered down my full node a couple of years ago). you are asking them to support your need. Do you actually run a full node yourself BTW? I found it was providing no benefit and simply the fact that I *could* if I wanted to was good enough for me. if im paying the fee to get into a block how is that asking others to support me? im paying my way and miners set that fee, not me. i pay to play. and yes i have a full node on a dedicated 512gb ssd. its only online every couple weeks on average (bandwidth sucks here in the sticks), and its what i verify transactions with when im moving coin.
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It's not only about capacity, but also about confirmation time. Bitcoin (on-chain) is not well-suited for buying coffee, regardless of block size. 10 minutes is far too long and feels like an eternity against a cup of espresso to go. There are no fees for HoDLing. I don't mind paying $10 to transfer the equivalent of 1 kg of gold from Europe to the USA, nor do I mind paying $10 to load my hot wallet with $1000 chunks for my monthly expenses. Extremely low fees could cause spam attacks, just like email is full of spam because it's free. Gotta pay to sleep with Carolina. There is no free lunch.
Bitcoin is fine as it is.
HoDLsleep. Gotta shut down those lasers. Dreaming of $60k when I wake up (OK, maybe $56k).
i too am fine with the current setup of small blocks. i want to be able to have my own local copy of the blockchain to verify transactions and holdings for myself. so doing occasional transfers where i dont mind 1 percent say or 100 buck fees to move something. but sooner or later its gonna be a whales only game with full blocks with large enough transactions where like say a minimum $20k USD miner fee to get it into a block will price plankton like myself out. once institutions start routinely using btc only institutional sized miner fees will work.
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Who bought below 50K? What a gift from the weak hand n00bs had an old buy order at 49.9k that popped. just luck and laziness on my part as i dont redo my sell/buy points often.
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Laser eyes were cool for about 24 hours. Then the mETH heads went and ruined the party by copying it, but making it blue or some shit, instead of red.
Ergo, laser eyes are no longer cool.
Fight me.
everyone knows that lasers come out of ones nose, ala K9 in Dr Who. any other place is just.. well.. wrong
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Now 20% with no risks and a perfect hedge? ELI5
I think explaining anything to you is not a good use of my time, however, that is an investment that you might be more interested in as it is perfectly suited to those who hold fiat, rather than bitcoin, and don't want to expose themselves to the risk of capital gains or losses. the bolded part it the issue (seems to me) most here are just long term hodl mode peeps. but please explain, i wouldnt mind it. im not too bright but am good at learning from my mistakes. ive run napkin math and i almost always would have come out ahead if i straight up hodled btc instead of trying fancy stuff like that in my endeavors of the past. because it was too easy to lose compared to the almost 100% gaurentee that btc will rise over the long term. hodling is hands off, just sit back and relax mode. perfect for me. fancy stuff you have to actively watch and worry about.. nah ill pass at the moment.
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Some of the bitcoin holders were on a panic selling because bitcoin is getting more and more higher value than we expect from previous years of its existence. Those who have their own bitcoin on their wallet should spend wisely from time to time so that they can still use bitcoin in the future with a great amount since the last BTC will be mined in 2140.
ive been selling into this latest bull run, many of us have and do sell on these bull runs.. and with no intention of trying to buy back lower although it happens sometimes. dont ever forget to pull some profit when the good times are rolling. its a balancing game, long term btc vs fiat for near term. just be aware you most certainly will have another bear season. dont get stuck selling btc at a horrible price if something unexpected is needed and you need to pull from your reserve stack. personally however i think this party is just getting started.
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many of us just sell as needed for some project or timeframe or whatever.. and whatever the price is at that point is what it is. so personally i will sell at levels that make sense to me for my purpose at that time.
otherwise, many have held through several ATHs and the following bear years and if we didnt sell then why would 100k be any different.
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But again... why exit? Who says you have to exit BTC? I don't like this strategy at all as a long term BTC hodler. I plan giving a part of BTCs as a legacy to my kids so not my cup of tea. As someone said above sell BTC only if you need those money, keeping money in fiat is not a very good choice anyway.
this a better question is do you have a fiat exit strategy.
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In fact i'm Mr Nobody for local tax office as i have always been under the radar, and that concerns me. I'll have to explain them that money came from a GPU, and not from drugs.
much of my stack is from gpu mining from 2011-2012. one thing i did is sign the payout addys for the pools i used with my name and what the pool or whatever was, plus the approx gear used. those will have the whole payout history from that pool. thats if you still control those addys of course. i also have receipts from the GPUs and pics of the rigs, screenshots etc. see if you can find anything like that.
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we will see. wife and i are (still! long story) waiting for our covid tests to come back. mild symptoms. i dont think we have it but isolating from each other and masks in the house until we get the results suuuuuuucks. at least we are over HEPAd indoor air wise with all the HEPA air cleaners we have (pretty much 2x what we need - allergies pets etc) and great ducting/airhandler for the geothermal. so any shed virus floating around looking for a good time should (hopefully) hit a dead stop sooner or later in the filters. with decent (and a bit of redirected) airflow anyway.
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This run feels different .this run is fucking serious
been around since 2011 (not that really matters) and this one does seem like it could have some serious legs. all to better to stumble with of course. but if i doesnt hit 60k USD today.. well ill just have to go back to napping until it does.
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1T market cap today maybe? That's $53668/btc if I did the math right.
that "math" word. whenever i see that in a sentence it means we are rich, right? like all sciency rich and stuff. good times ahead
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Woke up to my sell order @ $52,500 being filled.
Damn it feels good to be a gangster. Can't wait to break ground on the ranch!!!
Gentlemen.
sweet instead of breaking ground with the traditional gold shovel, how about a gold plated rusty pipe to make that 1st mark.
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Already mined = 18 632 000 btc
18 632 000 * 52 760 = 983 000 000 000
math math math. bleh only number i need to know: $52,842 USD @ bitstamp
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ill keep my legacy addys for the most part. i dont care about the bigger fees (as opposed to segwit) as its generally just a small fraction of the overall amount transferred anyway. i try to plan ahead and liquidate what i think ill need in the coming timeframe plus a bit of slop just because i know im an idiot and like shiny objects.
but yeah this messes up small transactions but isnt that what L2 is for?
sorry for my olde skoole legacy fixation. just another hobby for me.
You can set up a segwit wallet now, and then use new addresses from there as change when you spend some from your legacy addresses. Then at least future spends from native segwit addresses will have smaller fees. It also disciplines you during the migration process. I only have legacy compatible addresses (segwit that begins with 3) for those who still need them, otherwise it's all segwit (bc1q...) i do have some btc in segwit addys here and there.. on my phone and my trezor wound up with one from me not paying attention setting it up. so i will use segwit for smaller transactions. but i dont really do a lot of small stuff. my mo is ill send an amount to an exchange to cash out, enough to finance my latest nefarious plan for world domination for a bit, and then just use that. and, well, since *everyone* accepts legacy.. long term corn is in legacy format for that reason. i havent even bothered reading about the "3" vs "bc1" segwit addys yet. and ive been in this since 2011 lol wtf am i lazy af or what heh. i just know that legacy will last forever no maintenance needed.. well unless the quantum cats show up. dont we need to move it all once the quantum stuff gets near?
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FULL DISCLOSURE: A sell order has been placed at a price target. Looking to officially take some profit to give us liquidity to start building on the land ASAP.
Well, you sold at 16.5k to free your love from slavery and the price since then has.... blown sky high. I fully support your selling again :-) so basically, i should move my sells to ~200k from instead of merely ~100k USD like now. got it.
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I like your thinking. i actually just put in sell orders that are over $100,000/coin. felt odd kinda - almost surreal - thats like something i didnt expect to do for long time yet (least year or maybe two i figured soonest).
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