I think you already answered your question, to burn bitcoins basically. Don't forget that every bitcoin burned adds value to the whole supply, so this cool bloke out there probably thought of burning some of his bitcoins whilst at the same time cementing himself in the history, I mean we're talking about him right now, so I guess it works? Well since we haven't heard from the guy I guess it's safe to say that he lost his keys, or maybe even did the same things you stated lmao. kiddings aside I can point to clout as to why they did this. They wanna be topical and be talked about probably in this forum, and they succeeded coz now we're talking about them.

This is terrible news. I wonder how these hackers got a hold of his cold wallet addresses if they were so secure. I think besides reporting such eventuality to the local authorities, or maybe even FBI, he may also ask exchanges to freeze funds with relations to these addresses so they could be returned if things go well. Point taken, this just puts fear to the people of this industry coz if cold wallets can be hacked remotely, what else can't be right? Then again I am pretty positive he'll get the funds back somehow, long as he knows who to talk to and where to consult.

One thing that sets poor people from rich people apart, and I read this in the Robert Kiyosaki Book "Rich Dad Poor Dad", is that Poor people tend to own liabilities, whilst rich people own assets. Poor people like to take out loans for stuff that would depreciate in value over time, phones, cars, luxury items, and the likes. They do this for various reasons, mostly to look rich. Rich people do not have that inferiority complex within them so instead of spending thousands of dollars on stuff that wouldn't mean anything in the long run, they acquire assets. Stocks, bonds, lands, even crypto for some. They do this to make more money, and to be really rich through and through. Rich people take out loans too, but not to buy more liabilities, they take out loans, which are essentially money that isn't theirs, to buy assets under their name, which in turn flips up money for them, which they get to keep.

As profitable as ever, simply put. People have this bias that just because an asset's price already soared up to the stratosphere, they don't stand a chance at earning massive profits from it anymore. That's just severely untrue and if you succumb to that way of thinking you are doing yourself a disservice. Imagine if everyone thought that bitcoin couldn't reach 20k, back in 2017, we wouldn't be here at all. I feel like I'm going off a tangent here but anyways, it's always profitable to invest in bitcoin, it's a very secure asset to hold for one, with a lot of potential for profits especially if you coincidentally bought some before a bull run, and ultimately just a good coin to keep in your portfolio.

I'm lost, is he the head of a mini-investment firm he set up for his fans and stuff? I wanna know coz it doesn't make sense for him to be able to gain access to these unless he actively created something like that. Then again that's besides the point of the post. From the sound of it, he seemed like a pretty nice bloke that got trapped in the deep spire of gambling addiction. I do hope he learns his lessons and is at least able to pay off his debts against the investors that trusted him. As a crypto guru he prolly has ways and strategies that he could employ to win the money back eventually, but not through gambling this time. Well that changes everything lmao. He's practically digging his own grave at this point. Literally at the height of a scandal that is still too far from resolved and he's already setting up a project, and an NFT project for that matter. I don't think that's the way to go if anything.

I don't understand why either lmao, I mean of course there's the convenience of easy transfer and access of funds when you keep your assets on a hot wallet but that is almost always a death wish especially with how sophisticated these hackers become. There could be the notion of "fear of misplacing" these cold wallets but unless you carry your wallet with you everyday of your life instead of keeping it in a safety deposit box or a vault, you wouldn't have this problem. Also the age-old reason, "I keep forgetting". I've been an offender of this a couple times in my life. I always say I would buy a cold wallet whenever but I keep forgetting it lmao.

And this is precisely the reason why you should always read the ToS agreement. It never hurts to know more about what you're trying to get yourself into. Most likely stuff like this is explicitly documented amidst the piles of mumbo jumbo that Celsius has fed their users in the Privacy Statement as well as the ToS and us, being the belligerent, lazy people that we are, just scrolled as quick as we can to the bottom, and pressed agree, from there we fell right into their trap. Ultimately this isn't just a Not Your Keys, Not Your Coins dilemma. This is also a good example of why you should always read the fine print and not skip directly to the bottom. You don't have to read the whole thing, just a little skimming and scanning could go a long way in ensuring that you are legally protected from anything the provider could do to you.

Agreed. Hhampuz is one of if not the most trustworthy campaign manager in this forum (no shade intended to others, I've been a part of a couple of bounty programs here, and even though I couldn't recall all of the CMs I have worked with, Observing Hhampuz's work alone made me trust the guy.)

Then again I do hope things get better as soon as possible. Stolen or not, the CM we worked with should be held accountable for the apparent negligence on his/her part.

Still hoping to work with Yomix in the near future!

What sets Mark from other old world capitalist tycoons is how progressive he thinks when it comes to investments and the likes. You wouldn't catch him sitting in a dusty office twiddling his fingers about blue-chip stocks, he actively considers ventures that some of his peers may find absurd. At least that's how I see it. Anyways, this just goes to show how true that previous statement is, he knows there is potential in crypto right from the get-go and even if he didn't immediately jump in, he is not so arrogant as to dismiss crypto unlike other big investors.

Though the chances of it happening for me is slim to none, I think of keeping the wallet's contents if I ever do stumble to one unattended address with its keys out in the open. Chances are, nobody knows who the owner is and I'd only doubt anyone who would come forward to claim its theirs because of little to no evidence that would suggest they are. So as much as it may seem immoral to other people, it's best to just keep the wallet and its contents, but not touch it as much as possible because some scammers leave and even give their wallet and its details to take advantage of people.

Bitcoin is but a drop in an ocean full of assets and commodities vying to be the most valuable ownable. There is a debate to be made for whether a large bull run in the crypto scene could skyrocket El Salvador's Per Capita to the big leagues but one thing's for sure, soon as this bull run commences, El Salvador will be one of the few countries who will benefit the most out of this, given the fact that they fully embraced bitcoin and is enacting all possible moves to realize this vision. No doubt El Salvador's gonna be one rich country after this. What they will do when that happens, we'll find out.

Even in 2011 there are multiple scam sites that trick people into thinking they are getting free stuff including bitcoins AFAIK, but I get that there's no hurt in trying so maybe ask Microsoft Support if they can helpcyou get a hold of that email adress once again so you can access the site. That is if the site is still active to this day which I highly doubt given how many crypto aites have gone under the radar in the few years bitcoin has been in circulation. Then again, just try, who knows, things may go in your favor after all.

Exchanges became the heart and soul of this industry. With a vast array of cryotocurrencies that exist on the market, trading them along with withdrawal and deposit options is surely a good idea not only to make money, but to also increase accessibility within the space. That's why exchanges, whether DEx or CEx, are integral in this industry.

Let me just correct you on one thing, the collapse of FTX is not caused by CZ as you imply it is, and FTX isn't doomed by the liquidation of its customers, but by the mismanagement of the people behind this sham of an exchange. Imagine mismanaging funds as big as $2 billion and calling it an "accounting error you overlooked" (non-verbatim), as well as injecting funds to your sister company, funds that the people themselves entrusted to you.

The same thing can be said with Luna. Luna is completely aware of their activities and are conscious of its consequences.

Don't paint these people as if they are "honest people who made stupid mistakes". It's billions of dollars on the line, no one would buy that narrative here.

All in all, I get your point, we must all be more wise when it comes to investing our own money. But in the defense of the people who trusted these guys with their hard-earned money, these people were so good at their act they had us all believe that they were really good guys, FTX especially.

So along with learning a lesson and becoming more investigative of your new venture, perhaps include "being more forgiving of personal fails" too, because on god I've seen a lot of people go so harsh on themselves after all this shenanigan.

Deflationary assets are generally good ventures to explore upon even without a recession imminent. It has everything to do with timing. You time your investments when the value is still low, and you're sure to profit provided that nothing undesirable happens.

If I may just add one to your lists of great physical assets to invest upon during recession, I would suggest Real Estate. It has been proven and tested, Reap Estate recovers after recessions and depressions because people need a place to stay, one way or another, and recessions render real estate cheaper due to the urgency of greenbacks necessity during these trying times. So for me, real estate is a good investment which could become great when the right opportunity arrives.

Funny that you mentioned unhacked, these two remaining centralized exchanges receive hacks and security breaches amounting to millions of dollars for breakfast. So all things considered they are pretty vulnerable to say the least. However, what assures me that these two exchanges are secure enough is how they remain operational even after massive attacks like this. FTX received two consecutive hacks and they literally broke down, Binance receives hacks and even then they remain operational, with a few times of contingency plan initiations but never to the extent of what happened to FTX. So when choosing your exchange, make sure you find one that could save your assets when push comes to shove, although of course, at the end of the day always consider owning a self-custodial wallet for maximum security.

I think an immutable proof of Satoshi's existence is right from his addresses. As far as I know his is one of if not the oldest addresses out there, holding bitcoins worth as much as billions of dollars. A fund transfer from one address to another through these addresses could be an indicator that they are still alive and breathing, but that itself could be fabricated should a hacker get hold of his wallets. Another would be signing a message from the addresses he owns, which could both give hint to who they really are, and of his existence as well.

All in all, I don't think he's needed anymore, as it stands today bitcoin is self-thriving and doesn't need a Satoshi Nakamoto to hold everything together. The enterprise has become bigger than themselves in an amazing fashion, and I think this is what he wanted in the first place.

There are a few people with a couple thousand bitcoin in their wallets which in any laymen defines them as a whale, however I don't think that is the case, with still millions and millions of bitcoin in circulation and mining one bitcoin only getting harder and harder, the power scale will once again tip to the general majority, not that it's in favor of the whales in the first place. Whales only have impact on a coin if its following is filled with daytraders and weakhands. As for bitcoin almost everyone here who owns one knows it's best not to be swayed into whatever bidding the whales call so I don't think they really impede anything.

The halving is gonna come around on 2024, so it is one of the most anticipated years in bitcoin's calendar. For sure a bull run will come around by then so stocking up on crypto as early as now is a good thing to do, coz it prepares you for what's to come. Although in retrospect I would suggest you also weigh in your options as recession is nigh, and you may need your liquid assets for when the ceiling finally falls down because cash is one of the safest assets to use in depressions ans recessions. All in all I hope for a properous 2024 as much as all of you do, but remember to always be smart.

This story has been featured a number of times that it has become a classic cautionary tale amongst us bitcoin enthusiasts over the years. Basically warning people to always be mindful of where you store your assets and to never be complacent especially when it is hard-earned assets like your bitcoins that is at stake. I myself want to root for the guy, but it's been years already and there's almost always a good chance the HDD is already compacted and gone for good. Would highly suggest he move on at this point if he's still actively looking for it.