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121  Bitcoin / Bitcoin Discussion / Re: Let's share some of our Bitcoin Pizza moments for the new ATH on: January 09, 2021, 04:05:50 PM
Learning is indeed the best experience.

Yeah, I've made a lot of mistakes too. Here's  a McDouble mistake I made. I donated 0.5BTC to a relatively new exchange, so I'd never pay fees in the future. I also held some litecoin and left it on that exchange (about 15) and a few more insignificant alts (not a lot of value).

Flash forward about a year and the people who run the exchange claimed the were hacked and then promptly disappeared. I remember there were other people on the forum that wanted to straight up kill them. They used their real names and there was even some video footage if I remember correctly. I don't think these people set out to do a scam, their exchange worked great, I don't know what went wrong but it was definitely a mistake leaving funds on an exchange.
122  Bitcoin / Bitcoin Discussion / Re: Wired Magazine: Mine BTC in 2013 but... on: January 08, 2021, 03:25:00 PM
Typical tabloid stuff. They make some pretty substantiated claims, and then do the shock horror equivalent by saying they are destroying their coins, trying to imply that its worthless. I imagine the employee that had to delete those articles had a good ol' chuckle.

Is there a way to destroy the private keys? If they did, are we sure there was no one who made a back up of it somewhere and secretly?

Anyway it seems it is true since that happened several years ago. And there was no movement ever since. If this is the case then the amount will indeed go down the drain together with the lost and totally forgotten Bitcoins. That makes Bitcoin more scarce than its 21 million fixed supply.
Destroying usually means just purposely losing it. Although, there probably isn't any way of proving no one didn't keep a backup. I don't you would ever find out, since if someone did make a copy somewhere, that doesn't belong to them. I think it would probably belong to Wired. So, if an employee did, its not their money.

Although, I would like to think that someone would have piped up if they saw the current Bitcoin price, and still has a copy. I imagine Wired would give them a nice bonus that year.

You can provably destroy bitcoin. You send them to an address that makes them un-spendable. It's called proof of burn. 
123  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ⚒ Syscoin -Blockchain Scalability, Trustless Interoperability for ERC20 projects on: January 08, 2021, 03:18:51 PM
Anything is going on?

Nah, still a scam project, dev is still banned from forum, parent company still in ever increasing massive debt, they're still censoring posts here & still using fake accounts to bump this trash.

Same old, same old.

No-one is bumping this because syscoin is very much alive and kicking on it's own. We don't even necessarily need the bitcoinTalk thread to be alive and kicking.

So your claim of "fake accounts bumping" is ridiculous.

As for me, I'm as real as it gets. A real boy so to speak.

As for you, you're on the out, you don't get it.

The syscoin developers waded through a whole lot of shit. They raised ICO money and then it was all stolen and they still kept working on the project. Unlike 99.9% of Cryptocurrencies they actually created new technology and new solutions.

Syscoin technology is being leveraged by many projects and that will only increase in the future. It's very likely that Syscoin will get on its feet and start dancing.

Meanwhile your posts stay in this thread, like a pile of dried shit on an old book. Congratulations, you played yourself.


If anything you posting here bumps this thread, and I kinda wanna post just as a counterpoint to all this nonsense.

I'm not very articulate and I don't represent syscoin, I'm not a developer, I'm not a good programmer. But I'm still going to post here. I think you've motivated me.



124  Bitcoin / Bitcoin Discussion / Re: I am leaving bitcoin thx for helping me satoshi. on: January 08, 2021, 03:06:14 PM
Everyone celebrating the bitcoin fiat price going up do not realize what bitcoin or freedom is about.

It was meant to be a stand alone currency, it was meant to replace fiat. Not be a measure of it and run off the fumes of fiat.

Your kids will be slaves to the same people you are.

And you are celebrating? ATH`s? ATH`s are for central bankers to celebrate, they can still buy in at any price for free, they are ATL`s for the common man.

You guys are going with the mentality if you can`t beat them join them.

I will not submit. Bitcoin does not change the status quo it runs off the fumes of the status quo.

I am selling 325 coins today I bought at 4$ and making a new currency to replace fiat and bitcoin.

Later bitches, that is what you are, central banker bitches.

Who wins in the end? Who will collect all coins through network fees? who will have the biggest mining farm.
The fiat creators.

You will pay enforced tax, aka network fees to central bankers and they will collect all coins in the end.

Enjoy your fiat gains you stupid $laves.



And here folks we see a mental breakdown happening right before our eyes

The subject Pizzalover420 suffers delusions of grandeur. He believes that we will be impressed with the 325 coins he claims to have. He doesn't have shit. Nor did he buy at $4 dollars. He wasn't here.




I do want to address the argument being made.

Bitcoin has an exchange value to the dollar. Of course it has. They are both currencies. Bitcoin is going up against the dollar, meaning that people place value on Bitcoin, which gives them greater freedom over their finances.

If a central bank decided to print money to buy bitcoin I'd welcome that.

The price would keep going up and eventually the dollar or any other fiat would be worth less than the paper it's printed on, meanwhile the bankers would only get a small fraction of bitcoin. They wouldn't do that because they need fiat to have value.

As for governments controlling all the mining and fees, that is also difficult. Government compete, so it'd be difficult to get 51% of the mining power, and you really need more to properly attack the chain.

Even if one countries' government is dominant, the hashpower of the bitcoin network is no joke. It would be a very costly project to control that. Ultimately it's the people of the world vs 1 government alliance, and big powers probably won't collaborate in such a project. So 1 government vs billions of potential bitcoin miners.

125  Other / Beginners & Help / Re: Another sad story, 2.6 BTC lost. on: January 08, 2021, 12:18:18 PM
I keep my passwords in my head, my bitcoin password I don't think I'll ever forget, it's also extremely long. I have no unencrypted backup for bitcoin.

I'm also holding an another crypto worth about $10k in total. A few days ago I realized I don't remember the password! But then I remembered it. I haven't had to use that password in over a year.

So for a little while I though that poof! It could all have been gone. Although I do have my biggest private key for that alt saved separately and safely (no one can find it), so I'd probably recover 90+% of it.

If you memorize something deeply enough, forgetting it will be as impossible as forgetting your name. You'd have to live multiple lifetimes or get severe brain damage. Of course if you die and you haven't taken steps to make your crypto inheritable all that happens is your hands are the strongest of all, and you will not sell at any price.

If you don't believe me on that, just try it yourself. Get a long alphanumeric string, break it up into chunks (4, 5 or 6 characters each) than practice memorizing it until it's in your head.

Eventually you can destroy the original and as long as you revisit it regularly eventually you'll never forget it.

Although password managers are probably a better idea.


This reminded me of this one story I believe from the United Kingdom, and I actually think it was Wales lost his hard drive by throwing it out, and it was worth 4 million several years ago. Today, it would be worth a lot more. I don't think he ever found the hard drive, and somewhere this hard drive exists, potentially still in a good enough state to rescue. The amount was something like 7500 Bitcoin, which is worth a lot of money these days.

Honestly, I don't know how they could have verified that this guy had that amount, and wasn't just looking for a limelight. However, it must be absolutely sickening looking at the price of Bitcoin today.

You can read about it here: https://www.bbc.co.uk/news/uk-wales-south-east-wales-25134289

There's probably not way to find it now, and you'd really be risking your life going into a landfill, If I could sneak in I'd probably be searching for it right now. It's probably buried under feet of trash that has congealed into some sort of mass. It's gone now. If the guy could provide his BTC address and the coins haven't moved we can assume he's not lying and count his coins as gone forever.
126  Bitcoin / Bitcoin Discussion / Re: Let's share some of our Bitcoin Pizza moments for the new ATH on: January 08, 2021, 03:53:37 AM
I left a CPU miner running on my email & webserver VPS (back when Bitcoin was fairly new and worth nothing).  I managed to solo-mine 50 BTC, but forgot about it for a while.

Back in 2013, when BTC was around $13 and I was a n00b in this forum, I used most of that 50 BTC to buy a used Radeon HD 6870 (to do some GPU mining) and a couple of Butterfly Labs coffee-warmer ASIC miners.  I still have these, though they're all idle as none of them are economical to mine with nowadays.  (The GPU, at least, was still powering my work desktop until it got upgraded a few months ago.)

If I'd held onto those 50 BTC, they'd now be worth the better part of $2 million.

Mining proceeds mostly went into a few silver purchases at first, then into buying more ASIC miners (fastest I ever bought were a couple of Antminer S1s).  None of them are economical to mine with now, so they're as much paperweights as the BFL miners.

In 2017, I decided to have another go at GPU mining and built a rig with four GeForce GTX 1070s.  In about a year, it mined enough to pay for itself.  In the recent runup in value, two things have happened: (1) it's once again profitable to run the rig (fired it up again last night, and it's supposed to clear $300 or so per month even with power at 12¢/kWh) and (2) the proceeds from the last round of mining have appreciated enough that they'll go a long way toward paying off my mortgage.  I've also bought and held some BTC, so I'll probably only put 50-60% of current holdings toward the mortgage and let the rest of it continue to appreciate.

Our paths were similar, although I wasn't as early as you.

I did pool mine a tiny amount of BTC using my laptop, even cpu mining, but that era was long over when I first got into bitcoin. So I wanted to mine a ton of BTC. I pre-ordered a BFL Little Single. I thought I'd mine a lot of bitcoins rather than buying them. 10 months passed before I could even get my mining rig. The first halving came and went really fast, and by the time I got my mining rig it could only mine like 0.2 BTC per day.

I still mined a little bit but I also f'd around mining altcoins and even nothing at all at times. I got really discouraged by the whole BFL thing.

And it's all my fault too, I could have done some due diligence and found out that BFL was run by a long-time scammer. If I knew that I'd probably outright buy bitcoins or choose another ASIC vendor.

I did also do some silver purchases just like you. But unlike you I threw a bunch of coins into a canal one day when I was really depressed. I guess I could go diving in the muck with a waterproof metal detector.

And I've been looking at some past purchases so I can pull this from Overstock it wasn't my first or last...


If you used Bitcoin Core you can definitely find the transaction. I think it saves them in the wallet.dat so if you still have backups from that time, or are using the same wallet you can look at all the transactions and even sort them chronologically or buy amount.
127  Bitcoin / Bitcoin Discussion / Re: Bitcoin Discussion on: January 07, 2021, 04:20:44 PM
I never advise people to invest in Bitcoin. Quite the opposite, I tell them why it's such a disruptive technology and then I tell them that I don't think it's a good idea to invest in bitcoin because the price is really unstable. If they then go on to research bitcoin by themselves and invest it's only because they came to that conclusion themselves. In that case they took the risk themselves. I'm not talking anyone into it.

There was one exception. I told a close relative of mine to buy bitcoin when it was at the $8 to $13 dollar range. And they told me it's too expensive. And even then, I mentioned the risks of buying bitcoin.
128  Bitcoin / Bitcoin Discussion / Re: Should I switch to a hierarchical Deterministic wallet? on: January 07, 2021, 10:07:08 AM
When you have an HD wallet does that mean you're safe as long as you have your seed saved somewhere? Also how often do you have to extend the seed if at all?
HD wallets allows for the generation of addresses from a single seed. As long as you have that seed, you just need to make a single backup. There should be virtually no limitations on the amount of keys that could be generated from a seed.
I'm thinking of converting my wallet to an HD one, I'd probably have to pay a decent fee to consolidate my funds but I'm sure it's worth it for the extra peace of mind.
You can always consolidate when the fees are lower. HD wallets do provide much more convenience over older wallets and you won't have to make frequent backups to your keys as well.

If there's an option for seed phrase, even better. Paper backups would be even easier.


What wallet are you using now?

I'm using a Bitcoin Core wallet, a full node.
129  Bitcoin / Bitcoin Discussion / Should I switch to a hierarchical Deterministic wallet? on: January 07, 2021, 09:18:50 AM
I'm concerned that if I don't make a backup of my wallet after receiving bitcoin I could lose everything that wasn't backed up.

When you have an HD wallet does that mean you're safe as long as you have your seed saved somewhere? Also how often do you have to extend the seed if at all?

I'm thinking of converting my wallet to an HD one, I'd probably have to pay a decent fee to consolidate my funds but I'm sure it's worth it for the extra peace of mind.
130  Bitcoin / Bitcoin Discussion / Re: Let's share some of our Bitcoin Pizza moments for the new ATH on: January 06, 2021, 01:36:22 PM
All the memories when related to the Pizza bought during the very beginning days and what we've reached right now will make the early time spending and with zero wallet balance feel bad. I have an experience where I didn't buy anything, but lost more than 0.7btc in the previous year on gambling. When calculated with the current price it was around $25000 and my wallet is empty now.

I think my combined gambling losses were around 0.2 but it pales in comparison to bad moves I've made. I guess that would be a completely different topic.

What I've learned is not to become discouraged just because I missed these opportunities. If you become discouraged you're never going to get back in the game. I wish I had learned that earlier. I'd have stacked a lot more sats.
131  Bitcoin / Bitcoin Discussion / Re: Satoshi female or men ? on: January 06, 2021, 05:18:19 AM
Instead of simply opening a new topic, perhaps you should have done some research.

I believe that Satoshi is one person. He's not homer, we have writings that we know for a fact are from him.

We also know that he disappeared when ( I think the CIA ) was possibly going to get in contact with him.

One of his last posts (previous to last) kind of confirms this in my view:

It would have been nice to get this attention in any other context.  WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us.


I'm saying him, because I'm 99% sure it's a guy. You can read through all the posts and see if you can make a Judgement.

Satoshi could be a woman. I assume people are male on the internet by default.

I assumed the same of mk4 but the gender on the profile is Female.
I'm sure the picture of the wizard played some role in that though.
132  Bitcoin / Bitcoin Discussion / Let's share some of our Bitcoin Pizza moments for the new ATH on: January 06, 2021, 03:33:06 AM
I once bought baklava (a dessert) online using bitcoin.

-0.534 to be exact... That translates to $18k worth of bitcoin today.

It was 2013 but before the price hike.

I also bought a $400 amazon gift card for about .6 bitcoin That would be another $20k (I think I bought a cellphone with that)

So what little BTC I have I've held much tighter to it over the years. I'm working class by the way, I'm constantly in awe that I can have my own car free and clear and a roof over my head and that I can afford health and car insurance and rent.

133  Economy / Service Discussion / Re: What happen to butterfly labs? on: January 05, 2021, 09:20:40 PM
I still have one of their miners. I think it will be worth something someday as a collectible. A nostalgic reminder albeit an unpleasant one for most people of the golden age of bitcoin mining.

I threw my Little Single in the trash a while ago.

It's funny I ordered in october and thought I'd have it in before the first bitcoin halving. 10 months later I got it and mined a bunch of bitcoin, I also mined a few different altcoins just for fun.

I actually spent 0.5 Bitcoin on an $100 Amazon gift card.
134  Bitcoin / Bitcoin Discussion / Re: How do we deal with all the disgusting snake oil salesmen? on: January 05, 2021, 08:46:12 PM
You already have the right idea...

They use bitcoin and crypto as a blanket to make themselves look better and peddle the same get rich quick schemes. T

Recognizing a scam like this is easy. The most common red flag is the promise of crazy returns


this you tube video (and reading posts on bitcointalk) stopped me from a Butterfly labs preorder.


https://www.youtube.com/watch?v=4jYNMKdv36w&ab_channel=FratorityLife


Butterfly labs! A blast from the past, I did have a pre-order, what a shitshow, I did get 3x+ ROI through mining but what a waste of time. I only did okay because I was one of the earlier suckers rather than the later suckers so I actually received shipment earlier than a lot of people.

There was a thread warning people, before I actually ordered but I never read the thread This is the thread: https://bitcointalk.org/index.php?topic=110805.0

I wanted to mine a lot of bitcoin and hold it but since my rig got so delayed that I could only mine a relatively small amount (I think about 0.2 BTC per day  for the first few days) (Using the 600 dollar rig) I got discouraged.

I didn't even bother mining after a while when my returns got pretty low. A pretty bad decision considering where we are now.

If I had gotten the rig on time I could have mined a lot of bitcoin and I would have held on to a lot more. It was a particularly painful wait because the first halving came and went.

I knew I was taking a giant risk and I still wired them the money. They could have easily run and not shipped a product at all. I consider myself lucky.


Edit: My BFL order pre-dates my Bitcointalk account. Kind of crazy to think of.
The order took 10 months and 11 days to ship, just under 10 months from payment to receiving the product.

135  Bitcoin / Bitcoin Discussion / Re: Can someone please explain why my bitcoin balance keeps moving on coinbase pro? on: January 04, 2021, 02:56:51 PM
I was withdrawing BTC to Crypto address.  No, I was sending about .2 of bitcoin.  There was only about $100 worth of btc that was not available but I made sure I left $135 in there.

But maybe that's it because now it's not doing it.  The $100 is actually available today and I went to withdraw all if it and there is no issue.  But it is still weird because I was way below the available balance the last time and it wouldn't stop moving.  🤷‍♂️

If you bought the bitcoin very recently your bank might not have yet cleared the funds.

Coinbase will make your funds available before the bank clears it. So until your bank actually sends the money to boinbase the bitcoin you bought with that money will be unavailable.

You might have to wait until that point. It usually only takes a few days.

If Coinbase allowed you to withdraw that bitcoin, it's possible they'd not get the USD, if they were being scammed.
136  Bitcoin / Bitcoin Discussion / Re: How do we deal with all the disgusting snake oil salesmen? on: January 03, 2021, 04:39:37 PM
Advertising a legitimate product is okay, but when you're advertising a scam, and earning money from it, you're in some way guilty as well. Maybe YouTube should be forced to run, some anti-get rich quick scheme PSAs, or at the very least there should be prominent warnings at the beginning of all such ads.



137  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Next 100x - 1000x Coin ?? (New Thread) on: January 03, 2021, 03:33:58 PM
Syscoin can 100X. The market cap is only 40M yet they not only have a team that supports it but an entire publicly traded company.

Syscoin itself can do a few unique things. Using the syscoin Bridge people can move assets made using syscoin over to the ethereum ecosystem and back, without any third parties.

Of course that doesn't mean that it will 100X but it's probably the best coin if you have money burning in your pocket. And if you can afford a masternode you can earn a fair bit of the mining reward, if you're focused on the long term.

It's a gamble, but less than a gamble than all the unproven teams out there. There have been active devs since 2014, and it seems like they are comfortable staying on this project long term.

Also from the outside it looks like the syscoin team has a good culture going.


Syscoin's capabilities include 60,000 Transactions per second and practically instant transactions using Z-Dag. So it can be used for Point of sale applications.

The team behind Syscoin actually helps other teams and projects with their tech, to the extent that syscoin holders will receive airdrops of other coins. (and have received a lot in the past too).





Of course any altcoin is even more of a gamble than bitcoin and you have to have the right mindset.
138  Bitcoin / Bitcoin Discussion / How do we deal with all the disgusting snake oil salesmen? on: January 02, 2021, 09:29:20 PM
They use bitcoin and crypto as a blanket to make themselves look better and peddle the same get rich quick schemes. They usually try to get people to pay for newsletters and other nonsense.

I don't usually watch ads due to adblock but I watched some YouTube videos on my phone and there was an infinite amount of such malicious ads. It's fair to say that there's going to be people who buy into the nonsense.

It's easy to recognize one of these but they wouldn't be profitable enough to buy so many ads if they weren't successful. These aren't spam e-mails that cost nothing. They are hour-long YouTube video ads.

I think the quickest way to get to people is to make parodies of these people and ads and memes, but I don't have the inclination or creativity to do so right now.

Teeka Tiwari, he can be painted as the tick he really is. And he kind of looks like a tick.

In one of these ads there was Sarah Palin. She was the governor of Alaska. This is kind of nuts.

Recognizing a scam like this is easy. The most common red flag is the promise of crazy returns, and they do it in steps, where the promises get crazier and crazier. That tactic might work, like they're trying to convince little by little over the course of the ads. Another red flag is their pandering to people's emotions. This money could mean a vacation home, creating priceless memories, blah blah blah. Then there are the obvious fake stories of starting from being poor and knowing what it was like and that's why they want to help people or whatever.
139  Bitcoin / Bitcoin Discussion / Re: I bought $500 BTCinto my coinbaspro account but in the orders tab it shows $372? on: January 02, 2021, 09:13:17 PM
....

Pretty much, I think some of your money is in limbo, you might have to cancel a pending order.
I don't think you'll lose the fee on that. But then you lost the chance to buy at the price you would have gotten.

In short some of your money might still be in the order book. It would show under pending transactions and you can look at it and cancel. Let us know if that was the case.
140  Alternate cryptocurrencies / Altcoin Discussion / Re: The Best Overlooked Alt, Syscoin on: January 02, 2021, 04:51:17 PM
I remember this altcoin, it was quite popular during those days, but alas, they did not maintain that popularity and it seems most of us had already forgotten this coin.  It is good to know that developers are still working hard on the project and I think it been years since I see the syscoin thread again or maybe I just missed the other threads.

No, that's really one of it's biggest drawbacks, despite all the work that has been put into it it hasn't maintained relevancy.

Since I posted so many positive things, I should probably post a few negatives to balance it out.


Originally Syscoin had a decentralized marketplace built right into the wallet (along with a lot of other features) it never gained any significant traction.

It was removed for a while and it still hasn't been added back.


Also at the very beginning, syscoin suffered a big loss when a lot of their IPO money was stolen (I don't really remember what happened in detail, but it's something to look at).

Having such low relevancy in an already established crypto, it means it could possibly just stay irrelevant.
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