BlackHatCoiner
Legendary
Offline
Activity: 1792
Merit: 8675
|
 |
November 21, 2020, 05:12:44 PM Merited by BobLawblaw (2) |
|
 I just destroyed over 1,000 bitcoin days myself, but I didn’t sell any..
And? Did it worth it?
|
|
|
|
|
philipma1957
Legendary
Offline
Activity: 4550
Merit: 10127
'The right to privacy matters'
|
 |
November 21, 2020, 05:23:53 PM |
|
One of the main reasons why we (at least I) despise banks, governments and corporations, namely their appalling bureaucracy and their slowness and horrible lack of efficiency, should be used as a protection against them. Fill out their forms and reply to their questionnaires in a way that satisfies them, and you'll probably be perfectly fine....
Oh of course. It's not that big a deal, bitcoins go through a special account at the bank that is KYCed and all taxes are paid and so forth. It's just annoying to see it going into every aspect of one's life. Plus I remember paypal hacks and know the damage having too much information out there can cause. So if I don't need PP I don't need to give them even more data to lose. Plus there is that "if you don't control your keys, it's not bitcoin" voice that whispers in the back of my head. I wonder if there could be a way to turn this whole KYC and ID thing to our advantage. For instance, what if we would simply post all of our private data on the net? If we then were accused of something that leads back to us, we could simply answer: sure, but that could have been anybody, because my data is publicly available anywhere. (let's be honest, government security has more holes than a sieve anyway, so our info probably is up for grabs already...) Most of your data would work. Just not your wallet keys.
|
|
|
|
friends1980
Legendary
Offline
Activity: 1582
Merit: 1061
nutildah-III / NFT2021-04-01
|
 |
November 21, 2020, 05:33:55 PM |
|
One of the main reasons why we (at least I) despise banks, governments and corporations, namely their appalling bureaucracy and their slowness and horrible lack of efficiency, should be used as a protection against them. Fill out their forms and reply to their questionnaires in a way that satisfies them, and you'll probably be perfectly fine....
Oh of course. It's not that big a deal, bitcoins go through a special account at the bank that is KYCed and all taxes are paid and so forth. It's just annoying to see it going into every aspect of one's life. Plus I remember paypal hacks and know the damage having too much information out there can cause. So if I don't need PP I don't need to give them even more data to lose. Plus there is that "if you don't control your keys, it's not bitcoin" voice that whispers in the back of my head. I wonder if there could be a way to turn this whole KYC and ID thing to our advantage. For instance, what if we would simply post all of our private data on the net? If we then were accused of something that leads back to us, we could simply answer: sure, but that could have been anybody, because my data is publicly available anywhere. (let's be honest, government security has more holes than a sieve anyway, so our info probably is up for grabs already...) Most of your data would work. Just not your wallet keys. Good suggestion  Most of the other so-called "private" date are invented by government and corporations anyway: SSA number, national registry number (or whatever it's called in countries all over the world), addresses and numbers, account numbers etc. Shouldn't complain though. At least our parents got to pick our first names freely.
|
|
|
|
bitebits
Legendary
Offline
Activity: 2317
Merit: 3791
Flippin' burgers since 1163.
|
|
|
|
|
BobLawblaw
Legendary
Offline
Activity: 1883
Merit: 5823
Neighborhood Shenanigans Dispenser
|
 |
November 21, 2020, 05:39:31 PM |
|
I feel like such a fag right now.
Bought $500 worth of corn on Paypal, for, reasons (?) and it's now worth $503 or something.
Winning ?
EDIT: OK. Bought another $500 worth of corn on Gemini to cleanse my spirit, and balance the karmic scales.
|
|
|
|
Bitcoin577
Member

Offline
Activity: 168
Merit: 11
|
 |
November 21, 2020, 05:48:17 PM |
|
I feel like such a fag right now.
Bought $500 worth of corn on Paypal, for, reasons (?) and it's now worth $503 or something.
Winning ?
I also bought few weeks back and now already in good profit still feeling this can go more high so not selling but very confusing situation for me.
|
|
|
|
|
Cryptotourist
|
 |
November 21, 2020, 05:55:31 PM |
|
Institutions would probably "correct' this on Monday, but for now something strange is happening.
Nothing much strange, if you noticed the increased altFOMO. Even the WO beggar turned up. This can only mean one thing as far as I'm concerned, on Monday when the EUR/USD pair resumes trading, alts will dive once more, and BTC will rise to a new ATH. The fully blown alt party and the BTC manic bull, is not in sync just yet. Whales need to take profit before the end of the year somehow.
Most of your data would work. Just not your wallet keys.
Why not? I mean, whats the difference? In a custodial crypto bank - to safeguard them. Sorry philipma, I really don't agree. Some things should remain private.
|
|
|
|
JayJuanGee
Legendary
Offline
Activity: 4144
Merit: 12521
Self-Custody is a right. Say no to "non-custodial"
|
At least we aren't poor though  Hahahaha.. and there is that. so 19k has not breached on bitstamp tonight.
and we dropped from 18960 to 18650 or so.
maybe we drift at 18000-18900 for the next few days.
true and maybe we going back to 17200$ even , its time to a chance for altcoins to breath dont u think ! Fuck altcoins. Don't you think.
|
|
|
|
Bitcoin577
Member

Offline
Activity: 168
Merit: 11
|
 |
November 21, 2020, 06:03:24 PM |
|
At least we aren't poor though  Hahahaha.. and there is that. so 19k has not breached on bitstamp tonight.
and we dropped from 18960 to 18650 or so.
maybe we drift at 18000-18900 for the next few days.
true and maybe we going back to 17200$ even , its time to a chance for altcoins to breath dont u think ! Fuck altcoins. Don't you think. I am feeling very happy with this Bitcoin alone because I started with this and now staying with this here hopefully my stay will some long.
|
|
|
|
matt4054
Legendary
Offline
Activity: 1946
Merit: 1038
|
 |
November 21, 2020, 06:03:24 PM |
|
Fuck altcoins.
Don't you think.
Nah... I enjoy my double dip too much 
|
|
|
|
Indymoney
|
 |
November 21, 2020, 06:04:31 PM |
|
Fuck altcoins.
Don't you think.
Nah... I enjoy my double dip too much  Sadly every one have no this luxury of double dip 
|
|
|
|
explorer
Legendary
Offline
Activity: 2016
Merit: 1259
|
 |
November 21, 2020, 06:17:09 PM |
|
I feel like such a fag right now.
Bought $500 worth of corn on Paypal, for, reasons (?) and it's now worth $503 or something.
Winning ?
EDIT: OK. Bought another $500 worth of corn on Gemini to cleanse my spirit, and balance the karmic scales.
Some day, you'll be able to buy yourself somethin' real nice 
|
|
|
|
philipma1957
Legendary
Offline
Activity: 4550
Merit: 10127
'The right to privacy matters'
|
 |
November 21, 2020, 06:19:10 PM |
|
At least we aren't poor though  Hahahaha.. and there is that. so 19k has not breached on bitstamp tonight.
and we dropped from 18960 to 18650 or so.
maybe we drift at 18000-18900 for the next few days.
true and maybe we going back to 17200$ even , its time to a chance for altcoins to breath dont u think ! Fuck altcoins. Don't you think. Remember I am inclusive of any coin that I can mine and turn into BTC. Eth price rising makes my gpu mining more successful. Which in turn allows me to buy more btc. a 500 price for eth means 250 to partners 250 for btc a 540 price for eth means 270 to partners 270 for btc
|
|
|
|
JayJuanGee
Legendary
Offline
Activity: 4144
Merit: 12521
Self-Custody is a right. Say no to "non-custodial"
|
 |
November 21, 2020, 06:20:32 PM |
|
why? if he has more coin and later the price goes stratospheric it makes no real difference what the price was that he just sold at in the end. if you sold corn at whatever price and now have enough fiat (or whatever) for your immediate plans, plus spare corn for later, its future value increase will surely suffice.
unless youre just a pure greed kinda guy. nothing wrong with that i guess but its not my gig.
It's 99% playful needling: Bob was really tightly wound up about selling for awhile, wondering, waiting for the right time, then he finally blew his proverbial wad. With that much build up you have to kid him a bit about it for awhile :-) Fair point to needle bob. And 1% caution: Many people sold out at particular levels: $1, $50, $600 (me, towels), $3,000, etc. In each case we received goods or services that now appear to be insane in terms of value against waiting.
This seems to be crazy to see these kind of ongoing decisions to buy stuff with bitcoin and NOT to realize that it is selling your bitcoin until later down the road... Yeah, who cares, sell whatever the fuck, unless you cannot afford to buy them back in a reasonable time.. If you cannot, then that is your choice to sell or oversell.. Sorry for your loss... kind of, but not really... you made a choice. It's not quite greed so much as wonder at what bitcoin might become: A true reserve currency.
Who cares? Bitcoin does not need to become a reserve currency in order to profit stupendously... sure, if it were to become a reserve currency, then that is in the potentiality, but it really does not matter very much in terms of individual micro decisions regarding how much, if any, value to allocate towards BTC.. Reserve currency is just one amongst a bunch of other more concrete individual factors. That's incredible when you think about it considering that it's "just numbers"and all that. But it's numbers that can be trusted and it doesn't matter if paypal or governments or anyone tries to create more of it out of thin air: 6.25 coins will be created every 10 minutes and not a satoshi more. Thinking about the ramifications of that, a money that can't be shaved or faked or undermined is stunning. When I think of it that way, there is a part of me that whispers "you know, 20k is just $20 again".
And to be fair: You sell when you need to, just try to make sure the reasons were good. The towels were bought partially to show my highly skeptical partner that yes this tinkering I am doing CAN produce items of tangible value. The coins sold for the car bought me something that has brought a lot of fun and pleasure to my life at a point where I can still enjoy it. Buying a couple of gold coins with bitcoins was *stupid* but it also got at least one coin vendor to see their true value and potential.
So we do things when we do them. Sure Bob could have waited longer to bail his beau out of bondage, but that would mean less time spent as free men. Doing it while they are young allows them to enjoy the passing of time, which is one thing that we each have a set amount of in life, and like bitcoins all the hoping and praying and whining in the universe will not add one second to our time allotted on this earth or one more satoshi to be added to our wallets. Only actions have the potential to do that.
Guess the final word on this is "make it count" and "if you sell it do it to make your life better in the fixed time you have left". If what you sell for increases your life's length, health, quality, and/or enjoyment then it's probably a good deal.
Otherwise, HODL!
All fair points... .including that bitcoin is amazing.
|
|
|
|
friends1980
Legendary
Offline
Activity: 1582
Merit: 1061
nutildah-III / NFT2021-04-01
|
(...) hopefully my stay will some long.
I think I had some will some long from Chinese takeaway yesterday evening, but I'm not completely sure cuz over here we just call it a number 34.
|
|
|
|
Toxic2040
Legendary
Offline
Activity: 1834
Merit: 4197
|
 |
November 21, 2020, 06:52:46 PM Last edit: November 22, 2020, 02:24:25 PM by Toxic2040 |
|
@VB1001 +5 WOsMerit really enjoy your curation of the hats VB..ty ---- +1 WOsMerit ------ I wonder if there could be a way to turn this whole KYC and ID thing to our advantage. For instance, what if we would simply post all of our private data on the net? If we then were accused of something that leads back to us, we could simply answer: sure, but that could have been anybody, because my data is publicly available anywhere. (let's be honest, government security has more holes than a sieve anyway, so our info probably is up for grabs already...)
That's like saying, "if you find me - you can fuck me, and if you don't - I will be under the stairs."  Ever heard of identity theft? It's called private data for a pretty good reason. Although in reality I would have hidden a sheep under the stairs. +1 WOsMerit ------ https://twitter.com/msantoriESQ/status/13298988542426030121/ 🚨 BREAKING: US Office of the Comptroller of the Currency proposes rule prohibiting large banks from discriminating against "legal but disfavored" customers like oil & gas biz, independent ATM operators and of course...
crypto companies. https://twitter.com/DTAPCAP/status/1330030803338850305Breakthrough use-case for $USDC -- with US Govt permission, we partnered with the exiled govt of Venezuela (@jgauido) and Airtm @theairtm to distribute aid to people and healthcare workers in Venezuela. Stablecoins now a tool of US foreign policy --
+3 WOsMerits ------ +1 WOsMerit ------ +1 WOsMerit ------ @v8sRW have fun..be safe ------- the noon wall report at 10:52am a nice band of increased distribution locally has calmed some of the heightened swell...for now #dyor 1h  4h  #stronghands
|
|
|
|
ProfTP
Member

Offline
Activity: 157
Merit: 68
|
 |
November 21, 2020, 07:00:30 PM |
|
And there is a new AYH just about 1000Dollores under the ATH.
Good days Gentleman! And many more to come.
*just posting to reach my 100 Merit Hat Goal. To celebrate with a stylish hat on the 100k Party.
|
|
|
|
True Myth
|
 |
November 21, 2020, 07:04:54 PM |
|
I see we've entered the afterburner phase of pumping. BTC pumps... traders take profit... pump alts... take profit... return their money to BTC.
ATH not far away now... any day now.
|
|
|
|
|