El duderino_
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BTC + Crossfit, living life.
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December 28, 2019, 04:15:59 PM |
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<snip> Wow woW not to much credit, most around maybe yes though some posting need some better content as well and as very good posters as for humor as for being on topic or given good advices and good stuff we should know, yeah then my vote would definitely be difficult as a few should earn my vote ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) You are doing more than okay brother. JJG will get the prize for "Wall of text" 🤪 Thats a price for all over the forum not only at the WO
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JayJuanGee
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There is no such thing as being over invested in bitcoin. Pour all that filthy fiat into this imaginary digital gold token shit. Nobody has ever gotten rich, from not taking any risk ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Well, you are not "over-invested" until you are. I would rather NOT have to come across any kind of scenario that I am forced to sell my BTC at any time that is other than my choosing. Surely, once your BTC become sufficiently profitable, then at that point, you don't really mind that you might have extra value in BTC. Let's say that you have $100k in BTC value and $8k in cash, but you unexpectedly run into an emergency expense that is around $20k. BTC prices are in a dip, but you might be fucked because you are forced to sell off some BTC, at a time that is not of your own choosing, and worse if BTC is in a dip during that time, but surely better if your BTC are profitable rather than unprofitable when you are forced to sell some of them to cover your unexpected expense. Then as soon as you sell to cover your expenses, BTC does a 3.5x in 3 months and during a period in which you don't have enough of a cash flow to replace any of the BTC that you had been forced to sell during the dip. Sure would have been nice to have had other resources to draw from for that $20k expense, rather than having to draw from your BTC stash during an inopportune time, right? Sure, my example might not be extreme enough, but you should be able to recognize what I am trying to say... you could end up getting wiped out of your BTC investment. I have said, several times, that I had purposefully invested in BTC in a much higher than expected proportion than my comfort level (which is another way of saying overinvested) because I have wanted to feel a lot of comfortable in selling BTC on the way up. That is part of the plan to be able to skim off a few BTC here and there on the way up, and in that way, I feel comfortable with my level of overinvested. So, surely, overinvested is possible, and each of us has to determine what kinds of income/expenses s/he has going on in his/her life in order to figure out what kinds of resources that we are going to be able to draw from when some of the unexpected expenses might end up playing out at the most inopportune times. Yeah, things are going all good and fine and thinking that we have cushions here, there and everywhere, and fucking bitcoin dips 50% and then 65% and then 85% and we thought that the bottom was in at 50%, and in the mean time, we have real world activities going on that could cause us to have some unexpected expenses taking place at the same time that BTC's price is dipping and at a time that we have already used up a large amount of any spare cashflow that we had in our sock drawer.. that is looking pretty sparse during those times of need. Why the fuck do I have to pay that tax? Why did they store gasoline in the closet? why is my new lambo/leer jet parked in that location, and why wasn't the insurance up-to-date? Fuck? Is the world against me, everything negative happening at the same time? Yeah, shit happens. Especially if you do not adequately pee pare ur lil selfie. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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d_eddie
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December 28, 2019, 05:09:44 PM Merited by JayJuanGee (1) |
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So apparently, CSWcoin is going to hardfork in the near future. Said hardfork includes the fantastic idea of basically stealing people's unclaimed BTC, which means, if you didn't claim your BSV, those coins will be "confiscated" by CSW-Ayre's mining operation (which I presume are the only people mining the thing). This also includes that satoshi's "1 million" coins will be stolen. According to raw calculations, they'll get $85million. I mean, it's not a lot, but still, this has to be a joke right? am I taking crazy pills? How is people unironically supporting such thing at this point?
I assume most here didn't even bother claiming the coins. I mean, it's such a pain claiming a forked coins, you have to do much for so little, but I don't appreciate CSW getting free money, but still, I may just don't bother.
If this is not the case, correct me if im wrong on the whole thing, but that is what I extracted from what I've read.
Can you link to highlighted, please? Apart from rumors, i haven' seen anything solid, as it would be very weird. Gmaxwell did address this on bsv subreddit: https://www.reddit.com/r/bsv/comments/edr0av/massive_replay_theft_coming_to_a_scamchain_near/And official bsv page says: https://bitcoinsv.io/2019/12/23/bitcoin-sv-blocking-potential-p2sh-replay-attack-after-genesis-hard-fork/Mitigation
In response, the Bitcoin SV Node team will update the “Genesis” hard fork specification by upgrading the rule rejecting the P2SH script pattern from a policy rule to a consensus rule. That is the specific script template “OP_HASH160 <hash> OP_EQUAL” will not be allowed in new outputs and this rule will be directly implemented in the Bitcoin SV Node software. Whilst unfortunate to restrict the usage of a particular script pattern, we note that the same effect can be achieved using variations of the script pattern e.g. “OP_SHA256 OP_RIPEMD160 <hash> OP_EQUAL”.
This change closes the attack vector and mitigates the need for honest miners to forcibly reject blocks containing theft transactions. Whilst this could have triggered a valuable demonstration of the principle of honest miners acting punitively against dishonest miners, the public disclosure by Mr. Maxwell raises the potential cost to those miners to an unacceptable level. Note: The theory is that it is argued if there were any "mistakes" here, and stealing funds was always part of the plan, they just got caught by gmaxwell. I don't understand any of this. I read the subreddit linked above. Which coins might be stolen if the worst happens? What does it mean for those of us who have bitcoins stored in segwit addresses and "compatibile" (starting with 3) addresses? You can lose newly hardforked BSV. You would keep the "old" BSV, admitting there's any miner left at all on the old chain.
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JayJuanGee
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December 28, 2019, 05:16:39 PM |
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So apparently, CSWcoin is going to hardfork in the near future. Said hardfork includes the fantastic idea of basically stealing people's unclaimed BTC, which means, if you didn't claim your BSV, those coins will be "confiscated" by CSW-Ayre's mining operation (which I presume are the only people mining the thing). This also includes that satoshi's "1 million" coins will be stolen. According to raw calculations, they'll get $85million. I mean, it's not a lot, but still, this has to be a joke right? am I taking crazy pills? How is people unironically supporting such thing at this point?
I assume most here didn't even bother claiming the coins. I mean, it's such a pain claiming a forked coins, you have to do much for so little, but I don't appreciate CSW getting free money, but still, I may just don't bother.
If this is not the case, correct me if im wrong on the whole thing, but that is what I extracted from what I've read.
Can you link to highlighted, please? Apart from rumors, i haven' seen anything solid, as it would be very weird. Gmaxwell did address this on bsv subreddit: https://www.reddit.com/r/bsv/comments/edr0av/massive_replay_theft_coming_to_a_scamchain_near/And official bsv page says: https://bitcoinsv.io/2019/12/23/bitcoin-sv-blocking-potential-p2sh-replay-attack-after-genesis-hard-fork/Mitigation
In response, the Bitcoin SV Node team will update the “Genesis” hard fork specification by upgrading the rule rejecting the P2SH script pattern from a policy rule to a consensus rule. That is the specific script template “OP_HASH160 <hash> OP_EQUAL” will not be allowed in new outputs and this rule will be directly implemented in the Bitcoin SV Node software. Whilst unfortunate to restrict the usage of a particular script pattern, we note that the same effect can be achieved using variations of the script pattern e.g. “OP_SHA256 OP_RIPEMD160 <hash> OP_EQUAL”.
This change closes the attack vector and mitigates the need for honest miners to forcibly reject blocks containing theft transactions. Whilst this could have triggered a valuable demonstration of the principle of honest miners acting punitively against dishonest miners, the public disclosure by Mr. Maxwell raises the potential cost to those miners to an unacceptable level. Note: The theory is that it is argued if there were any "mistakes" here, and stealing funds was always part of the plan, they just got caught by gmaxwell. I don't understand any of this. I read the subreddit linked above. Which coins might be stolen if the worst happens? What does it mean for those of us who have bitcoins stored in segwit addresses and "compatibile" (starting with 3) addresses? It does not do anything to your coins. They make a new fork (which is already a fork of a fork), and they say that all of the coins that have not moved in a certain amount of time in that new fork of a fork are their coins under that new fork. Does not affect the old forks such as bitcoin or bcash or even bcashsv, only the new forks that they create with the new rules which they want to supplant bcashsv... which they would also like to supplant bitcoin.. but all of that supplanting talk is just fantasyland ways to distract people into believing that they are genuine while they are busy printing money and hoping that the money that they print out of thin air retains value because dumb people buy into it in a sufficient enough way in order that they can sell some of their bags along the way.
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fillippone
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Fully fledged Merit Cycler - Golden Feather 22-23
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December 28, 2019, 05:20:35 PM |
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Almost 200 merits later still getting entries on this thread... sadly not many incoming merits (they might have spent all of them in the twin post by Hhampuz thread). Running low on merits, it has been a while! Come on WO gang! Show love to the Italian Stallion and give example to the other forum members!
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mindrust
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December 28, 2019, 05:34:15 PM |
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Option 3 is gaining the upper hand. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fimages2.imgbox.com%2F1e%2F06%2FUXmXIjSS_o.jpg&t=665&c=jE6Ooagq9RiWUw)
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d_eddie
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December 28, 2019, 05:36:58 PM Last edit: December 28, 2019, 06:21:27 PM by d_eddie Merited by JayJuanGee (1), mindrust (1) |
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mindrust, don't invest more than you're ready to lose.
Don't want to sound like a bear or a party poop as someone would say - I'm far from both positions as should be clear to anyone following this thread - but hard times do happen, it's best to be "pee pared" as the same someone would put it ;-)
TL;DR don't overdo it. DCA with the occasional BTFD spree is fine.
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Globb0
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Free spirit
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xhomerx10
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December 28, 2019, 05:40:37 PM |
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Along the lines of walls of text and over-investing... I have attempted to find Bitcoin addresses containing 10 letter words (after the initial 1) without regard for case (which makes it much easier) using a list of 22,399 words and the full processing capacity of my computer for 24 hours. You'll be happy(er) to know, JJG, that I was able to find only one match from that entire list of words: Pub Addr: 1 ExeRcYCLeSxaZkCh7togWcSgcofRYVDLZ Priv (WIF): L4o3NZYoSf6GVmLaxcaqtmunqiNBs77PNyANmpYtcL6r6dMtcCXb Priv (HEX): 0xE202278FF792CE920126E8D3A2EE1483AB9FA00807B10B71EAACDAD1DD4D36E4 and I believe that was mostly due to good luck. If I were to try for an exact case-sensitive match of 1ExercycLes (capital L because Bitcoin addresses can't use miniscule L capital I or Capital O) with random characters after it, I would need 2.4 years for a 50% chance of success. ∴ your funds are SAFU. On a sad note, I will likely never find a 1JayJuanGee or a 1micgoossens address and a 1LastoftheV8s is just a pipe dream as I am dangerously close to the limit of my wife's generosity for tolerating computer upgrades for this decade. (fortunately we start a new one soon!) I hate to disappoint Mr. MicG so this is for his reading pleasure: Pub Addr: 1 CLiMAXt43DiJBPT9z7YEppUS8ssPjjUNJ Priv (WIF): L5BunfnNDEdWC9w4hzWmbHBrUzp44YEp51TPgr6XcHqerghUTKJc Priv (HEX): 0xEDC5F18B29BDC350F02B9AB4BB067752AD07F944EE697824B5C13452B7769453 I get those all day long with my current hardware. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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mindrust
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December 28, 2019, 05:42:18 PM |
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mindrust, don't invest more than you're ready to lose.
Don't want to sound like a bear or a party poop as someone would say - I'm far from both positions as it should be clear to anyone following this thread - but hard times do happen, it's best to be "pee pared" as the same someone would put it ;-)
TL;DR don't overdo it. DCA with the occasional BTFD spree is fine.
I already invested more than I could afford to lose ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) (%25) Didn't cash out any. Not even my initial investment. Ok ok I'll leave the red button alone. For now. But the thought just doesn't go away
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serveria.com
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Privacy Servers. Since 2009.
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December 28, 2019, 05:53:13 PM |
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Hey brothers! Poster of the year: MicG for his fancy dinner pics and food porn and for being a great guy and a real hodler in general.. WOer of the year: Elwar for his crazy Thai adventure Troll of the year: Gembitz for his WEEEEEEEE! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Seasons greetings once again! ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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JayJuanGee
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December 28, 2019, 06:01:48 PM |
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<snip> Wow woW not to much credit, most around maybe yes though some posting need some better content as well and as very good posters as for humor as for being on topic or given good advices and good stuff we should know, yeah then my vote would definitely be difficult as a few should earn my vote ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) You are doing more than okay brother. JJG will get the prize for "Wall of text" 🤪 Thats a price for all over the forum not only at the WO Nice that some peeps appear to be feeling thankful..... You are welcome. Just doing my lil part. Or at least, trying. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I should also say that I am thankful to many of the contributions of a variety of other members who point things out or even frame matters in ways that differ from my own thinking, yet my writings are frequently attempting to engage in learning and digesting bitcoin information (and sometimes other sometimes relevant crap), too. So attempting to continue to learn and to keep updated regarding ever-going happenings in the space.. Hopefully many of the most relevant happenings that come through this WO thread more than other places on the forum and surely frequently members here are pointing out great tweets, reddit threads, current articles, conferences and other current informational bitcoin-related content like that, too.
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Last of the V8s
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Be a bank
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December 28, 2019, 06:12:39 PM |
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ExeRcYCLeS das ist nyet ein verd gescnichtelmakensie c'est at best ein portmanteau mais meh
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LFC_Bitcoin
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#1 VIP Crypto Casino
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December 28, 2019, 06:16:20 PM Last edit: December 28, 2019, 06:28:07 PM by LFC_Bitcoin |
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Just watching ‘Take Me Out’. It’s a UK dating show. Look what one of the girls is called, perfect for our very own..... We all know he loves a woman of colour ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FFVbWLPZ%2F20-BCC6-A3-9510-4-E7-A-85-CD-6-C222-E97-D822.jpg&t=665&c=FmRVxR83Qh8FEA)
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d_eddie
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December 28, 2019, 06:20:41 PM |
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Just watching ‘Take Me Out’. It’s a UK dating show. Look what one of the girls is called, perfect for our very own..... We all know he loves a woman of colour ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FKG6HVJk%2F649-BE834-05-AD-4-A8-F-9432-93-A35-A6-D5304.png&t=665&c=kgqXkkbeC6EAcQ) She doesn't look like a jew, so I'm not sure r0ach's mama would approve. I could take one for the team if it comes to that.
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makrospex
Sr. Member
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December 28, 2019, 06:21:07 PM |
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Thank you heslo and somac, Fuck you makrospex.
huh? WTF?! We all three said the same: Set it to zero. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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d_eddie
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December 28, 2019, 06:22:46 PM |
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Thank you heslo and somac, Fuck you makrospex.
huh? WTF?! We all three said the same: Set it to zero. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) You didn't spoon feed him and were late with the details ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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JayJuanGee
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December 28, 2019, 06:30:02 PM |
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Along the lines of walls of text and over-investing... I have attempted to find Bitcoin addresses containing 10 letter words (after the initial 1) without regard for case (which makes it much easier) using a list of 22,399 words and the full processing capacity of my computer for 24 hours. You'll be happy(er) to know, JJG, that I was able to find only one match from that entire list of words: Pub Addr: 1 ExeRcYCLeSxaZkCh7togWcSgcofRYVDLZ Priv (WIF): L4o3NZYoSf6GVmLaxcaqtmunqiNBs77PNyANmpYtcL6r6dMtcCXb Priv (HEX): 0xE202278FF792CE920126E8D3A2EE1483AB9FA00807B10B71EAACDAD1DD4D36E4 and I believe that was mostly due to good luck. If I were to try for an exact case-sensitive match of 1ExercycLes (capital L because Bitcoin addresses can't use miniscule L capital I or Capital O) with random characters after it, I would need 2.4 years for a 50% chance of success. ∴ your funds are SAFU. On a sad note, I will likely never find a 1JayJuanGee or a 1micgoossens address and a 1LastoftheV8s is just a pipe dream as I am dangerously close to the limit of my wife's generosity for tolerating computer upgrades for this decade. (fortunately we start a new one soon!) I hate to disappoint Mr. MicG so this is for his reading pleasure: Pub Addr: 1 CLiMAXt43DiJBPT9z7YEppUS8ssPjjUNJ Priv (WIF): L5BunfnNDEdWC9w4hzWmbHBrUzp44YEp51TPgr6XcHqerghUTKJc Priv (HEX): 0xEDC5F18B29BDC350F02B9AB4BB067752AD07F944EE697824B5C13452B7769453 I get those all day long with my current hardware. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) hahahahahaha I am ssssssoooooooooo glad that you are able to find a hobby that keeps you formulating mathmatical computer problems in your spare time when you are not making hats and keeping your dad in touch with modern computing.... ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) By the way, I understand that I can be a continuous bubble deflater, but what good do any of these vanity addresses do, anyhow? Aren't best practices to largely limit use of any one address, and perhaps even one use per address. Of course, there might be some occasions in which exceptions might be applicable.. for an institution that wants to keep books open or something like that, but private individuals? Are we reusing bitcoin addresses? Do you just plan to use some of these generated addresses one time, Xhomerx10? Then how much good are they? like a mayfly.. live with fame for only a very short period of time?
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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December 28, 2019, 06:45:10 PM |
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mindrust, don't invest more than you're ready to lose.
Don't want to sound like a bear or a party poop as someone would say - I'm far from both positions as it should be clear to anyone following this thread - but hard times do happen, it's best to be "pee pared" as the same someone would put it ;-)
TL;DR don't overdo it. DCA with the occasional BTFD spree is fine.
I already invested more than I could afford to lose ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) (%25) Didn't cash out any. Not even my initial investment. Ok ok I'll leave the red button alone. For now. But the thought just doesn't go away Actually more reason that you should not either push the red button or employ option 3. Hey, mindrust, I think that you already know that I don't give two shits about what you do, but since we are posting on a public thread, of course, if you are bringing up ideas regarding investing and overinvesting and all of that, many of the responses are meant for public absorption... or at least consideration of the ideas. Accordingly, we know that it is different to invest 25% and/or to achieve 25% based on BTC appreciation. These surely are considerations that any investor into BTC should be making regarding both how much to invest and whether or not to reallocate. Sometimes choosing NOT to reallocate is a kind of additional investment, especially if the Bitcoin value (proportion) of your investment becomes way the fuck beyond your initial allocation authorizations. Personally, I am NOT so much into needing to reallocate in an asset like bitcoin merely because it has blown other investments out of the water, but of course, opinions are going to vary on that topic, and none of them are really unreasonable - even though each of them can contribute to individually considering the extent to which you are either overinvested, underinvested or adequately covered in your various other investments. I know that there are people who do not have a lot of kinds of investments like stocks, bonds, real estate, PMs and other investment vehicles, so these calculations are going to differ too, regarding how prepared any of us might be on an individual level if one or more of the investments went to zero.. and of course, if there is only one investment, then the risk becomes greater.. at least in the scaling of "overinvestment" calculations, ponderings and considerations.
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