lightfoot
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I fix broken miners. And make holes in teeth :-)
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Cite your sources Do Fox News and Daily Stormer count? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) They would be sources, but with a pretty low impact factor. Anyway, here's a nice image that explains it in simple terms. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FXDBhp25.jpg&t=665&c=av69kMVYCnUTOA)
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JimboToronto
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You're never too old to think young.
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July 01, 2020, 03:35:59 PM |
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That is fucking brilliant Could be jimbo's new set No dentures for me... implants.
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Biodom
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July 01, 2020, 03:38:10 PM Last edit: July 01, 2020, 05:17:31 PM by Biodom |
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[...]
Luckily the people I bought most of my coins from have a lot more than me. Many of my early coins came from the folks at Decentral, the birthplace of Ethereum where their obscene profits from that sleazy scam made some of them billionaires. I guess I could have made a shitload if I'd jumped on their offer of buying into the pre-mine but then I'd have to live with myself.
<snip>
Now I'm past using ATMs (hopefully) and back to doing OTC business with devoted Bitcoiners. Hopefully no wrenches.
Back in 2015, I used to buy coins from ATMs (didn't yet have an account on an exchange). I remember I once wired $1100 to a friend who lived right next to one, and asked him to buy BTC for me and send me a photo of the QR code. He did. Later that day he called me and asked me whether he should also buy some coins. Of course I encouraged him and did an Andreas Antonopoulos-style lecture. He was excited. He wanted in. Until a few days later, when he called me and said he read on the net that Bitcoin was being used by criminals to launder money and was "no good". He even warned me against it and indirectly called me a "criminal supporter". He hasn't spoken about it ever since, but I see a bitterness in his face whenever we meet. I guess many shop owners using Bitcoin ATMs in their shops do (did) it just for the rental of their floor spaces, they never really believed in Bitcoin. It was only in 2016-2017 that things got serious, but it was too late for most to get in. Well, we all now know that it wasn't really too late, but that's how it seemed to them, just like it felt in 2015 after MtGox. Long story short, you can't have guarantees, you've got to risk some to gain some. With Bitcoin, being able to understand the tech behind it, and realizing its significance as electronic cash, gives you an advantage (a big advantage) over the clueless masses who just follow the media propaganda. For me, it was the understanding that production halves every four years (next was in 2016 at the time), so I just knew I had to own some coins before then. My only regret is not buying more during those early days. Live and learn. And take risks. That's the lesson of all this. I was blown away by a couple of bitcoin ideas (in addition to no third party control, etc.): 1. Emission curve 2. The fact that you can convert electricity into something that is essentially, money (or at least immediately convertible good), and it appeared to be legal. Hodling idea came at least a year or two later.
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LFC_Bitcoin
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July 01, 2020, 03:51:47 PM |
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Just looking at charts after the halving in 2016.
2 months after the halving the price was only up $50 vs the halving price (July 2016). We only really started to grind up in around November. The chart looks really similar to what we’re currently seeing, basically sideways for a significant period.
We should start moving up slowly through the gears, perhaps starting in September (if this cycle mirrors the last one).
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BitcoinGirl.Club
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Bitcoingirl 2 is downloading 💓
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Now @ $9,235 In a second I made $2 profit @rdbase 😜
Ballin’ ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Just made more $19 profit 😜 Observing @ $9,254 Just looking at charts after the halving in 2016.
2 months after the halving the price was only up $50 vs the halving price (July 2016). We only really started to grind up in around November. The chart looks really similar to what we’re currently seeing, basically sideways for a significant period.
We should start moving up slowly through the gears, perhaps starting in September (if this cycle mirrors the last one).
Amen!
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AlcoHoDL
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Addicted to HoDLing!
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July 01, 2020, 04:02:18 PM |
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[...]
Luckily the people I bought most of my coins from have a lot more than me. Many of my early coins came from the folks at Decentral, the birthplace of Ethereum where their obscene profits from that sleazy scam made some of them billionaires. I guess I could have made a shitload if I'd jumped on their offer of buying into the pre-mine but then I'd have to live with myself.
<snip>
Now I'm past using ATMs (hopefully) and back to doing OTC business with devoted Bitcoiners. Hopefully no wrenches.
Back in 2015, I used to buy coins from ATMs (didn't yet have an account on an exchange). I remember I once wired $1100 to a friend who lived right next to one, and asked him to buy BTC for me and send me a photo of the QR code. He did. Later that day he called me and asked me whether he should also buy some coins. Of course I encouraged him and did an Andreas Antonopoulos-style lecture. He was excited. He wanted in. Until a few days later, when he called me and said he read on the net that Bitcoin was being used by criminals to launder money and was "no good". He even warned me against it and indirectly called me a "criminal supporter". He hasn't spoken about it ever since, but I see a bitterness in his face whenever we meet. I guess many shop owners using Bitcoin ATMs in their shops do (did) it just for the rental of their floor spaces, they never really believed in Bitcoin. It was only in 2016-2017 that things got serious, but it was too late for most to get in. Well, we all now know that it wasn't really too late, but that's how it seemed to them, just like it felt in 2015 after MtGox. Long story short, you can't have guarantees, you've got to risk some to gain some. With Bitcoin, being able to understand the tech behind it, and realizing its significance as electronic cash, gives you an advantage (a big advantage) over the clueless masses who just follow the media propaganda. For me, it was the understanding that production halves every four years (next was in 2016 at the time), so I just knew I had to own some coins before then. My only regret is not buying more during those early days. Live and learn. And take risks. That's the lesson of all this. I was was blown away by a couple of bitcoin ideas (in addition to no third party control, etc.): 1. Emission curve 2. The fact that you can convert electricity into something that is essentially, money (or at least immediately convertible good), and it appeared to be legal. Hodling idea came at least a year or two later. Yeah, I remember watching one of Andreas Antonopoulos' videos on YouTube. A very old one. I don't think I slept that night. Discovering Bitcoin was, for me, one of those rare moments when you come to realize that this is something that will change the world. Something revolutionary. And we are all part of it. I'm certain that in several decades from now, Bitcoin will be mentioned in the history books as a major part of the "information revolution", or the "monetary revolution", or whatever the historians want to call it. I know most of us are in it for the profits (and it's understandable), but this is beyond getting "fuck you" rich status. This will change the entire world for the better. This is so much bigger than any of us.
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bkbirge
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July 01, 2020, 04:19:12 PM |
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Now this is the kind of hopium I like to read... https://cointelegraph.com/news/paypal-dabbling-in-crypto-could-make-btc-a-mainstream-payment-optionThe most obvious implication of PayPal’s rumored expansion is adoption — if a financial service with 325 million active users starts listing digital assets, it is likely to make crypto more viable in the eyes of the financial mainstream. Mashinsky argued that it will consequently drive the price of BTC and Ether (ETH) up significantly, “as the scarcity of the coins will play a big part when adoption comes.”
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Hueristic
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July 01, 2020, 04:30:47 PM |
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Now this is the kind of hopium I like to read... https://cointelegraph.com/news/paypal-dabbling-in-crypto-could-make-btc-a-mainstream-payment-optionThe most obvious implication of PayPal’s rumored expansion is adoption — if a financial service with 325 million active users starts listing digital assets, it is likely to make crypto more viable in the eyes of the financial mainstream. Mashinsky argued that it will consequently drive the price of BTC and Ether (ETH) up significantly, “as the scarcity of the coins will play a big part when adoption comes.”
I've had paypal try to force kyc on me twice and twice I told them to fuck off and after a few months they just unlocked my account with no reason given, so having that huge number of users is what really matters to them. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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rdbase
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July 01, 2020, 04:50:36 PM |
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Now this is the kind of hopium I like to read... https://cointelegraph.com/news/paypal-dabbling-in-crypto-could-make-btc-a-mainstream-payment-optionThe most obvious implication of PayPal’s rumored expansion is adoption — if a financial service with 325 million active users starts listing digital assets, it is likely to make crypto more viable in the eyes of the financial mainstream. Mashinsky argued that it will consequently drive the price of BTC and Ether (ETH) up significantly, “as the scarcity of the coins will play a big part when adoption comes.”
I've had paypal try to force kyc on me twice and twice I told them to fuck off and after a few months they just unlocked my account with no reason given, so having that huge number of users is what really matters to them. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Once they make a move to get full on into crypto they will be coinbase 2.0 before you know it! https://youtu.be/Sg14jNbBb-8 https://usethebitcoin.com/cryptocurrencies-vs-paypal-battle-future-payments
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Toxic2040
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July 01, 2020, 05:40:01 PM |
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the morning wall report shocked cookie monster is shocked...you can tell by the pursed lips 1h ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F3EjFZpX.jpg&t=665&c=kimeCtH8QotwKA) pelican closes mouth #dyor 4h ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FOmiIi8X.jpg&t=665&c=Z65ao2N5OuNmXg) #seriouscat ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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HI-TEC99
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July 01, 2020, 06:42:05 PM |
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Now this is the kind of hopium I like to read... https://cointelegraph.com/news/paypal-dabbling-in-crypto-could-make-btc-a-mainstream-payment-optionThe most obvious implication of PayPal’s rumored expansion is adoption — if a financial service with 325 million active users starts listing digital assets, it is likely to make crypto more viable in the eyes of the financial mainstream. Mashinsky argued that it will consequently drive the price of BTC and Ether (ETH) up significantly, “as the scarcity of the coins will play a big part when adoption comes.”
I've had paypal try to force kyc on me twice and twice I told them to fuck off and after a few months they just unlocked my account with no reason given, so having that huge number of users is what really matters to them. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Did you go over some limit? I doubt they would bother with KYC for a $10 payment.
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rdbase
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July 01, 2020, 06:45:13 PM Last edit: July 01, 2020, 06:55:14 PM by rdbase |
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^^ Paypal are a strange bunch. They ask you anytime they like out of the blue and try getting you to do stuff like add a bank acct every chance they can get. Centralization is coming to crypto-town. So buckle up dorothys, we aint in Kansas anymore! ![Lips sealed](https://bitcointalk.org/Smileys/default/lipsrsealed.gif) #seriouscat ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fs7.gifyu.com%2Fimages%2Fontheway.gif&t=665&c=j_-4r78OeL41zQ) Help serious cat become not so serious. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) John Hughes : Reunited Apart https://www.youtube.com/watch?v=AeduDexHt28
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Elwar
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Viva Ut Vivas
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July 01, 2020, 07:01:00 PM |
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Cite your sources Do Fox News and Daily Stormer count? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) They would be sources, but with a pretty low impact factor. Anyway, here's a nice image that explains it in simple terms. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FXDBhp25.jpg&t=665&c=av69kMVYCnUTOA) People using pants as an example of why wearing masks is normal. They don't understand that I have never fully accepted that wearing pants should be required either. Also...leprosy exists. If a leper touches you, you will catch it. That is why everyone in ancient times walked around in full plate mail. If you are not walking around in a full suit of armor you can catch leprosy and eventually die. Let that little fact sink in.
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JayJuanGee
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July 01, 2020, 07:16:07 PM |
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The MtGox Trustee has delayed the deadline for the Rehabilitation Plan yet again. https://www.mtgox.com/img/pdf/20200630_announcement_en.pdfThe Rehabilitation Trustee is currently formulating the rehabilitation plan, but as there are matters that require closer examination with regard to the rehabilitation plan, it has become necessary to extend the submission deadline for the rehabilitation plan.
In light of the foregoing, the Rehabilitation Trustee filed a motion to seek an extension of the submission deadline of the rehabilitation plan at the Tokyo District Court, and, on June 30, 2020, the Tokyo District Court issued an order to extend the submission deadline for the rehabilitation plan to October 15, 2020. I'm seriously considering selling my claim and get this over with, but if I've waited this long, I might as well wait a little bit longer. My understanding is that those entities who have been buying up GOX claims have been acquiring a shitload of coins, and surely they are NOT too likely to be friendly to bitcoin if they do get the coins released to them- and maybe if the coins are released during a BTC pump, then it would not have any meaningful or lasting negative impact on the BTC price. If you have been waiting more than 6 years, I really don't see why you would sell now.. The earlier buyers of the interest in those GOX coins are not even offering 20% of the current market value, right?
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Toxic2040
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July 01, 2020, 07:34:21 PM |
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If someone is coming 10 times or more a year, start looking at how (s)he makes his/her money.
Dang. It seems to me that I used to be coming 10 or more times a day, but I guess I have long left those pubescent days behind. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FpYd2t2q.jpg&t=665&c=03A9XZgKURPqLQ) --------- the noon wall report Bitcoin is testing resistance at $9,277.97 with slowly increasing volume as July opens with a continuing bullish trend. Bears are likely to fiercely defend the next resistance level of $9.4kish. #dyor 4h ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FJukfSRw.jpg&t=665&c=EYNH84MiTuZLng) Slow steady progress ascending back up the cloud. cat balances on tight rope D ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F1nG63q4.jpg&t=665&c=xKd4m7BSQOcIvg) #stronghands
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JayJuanGee
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July 01, 2020, 07:35:39 PM |
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After almost 3 years on these boards, I've never really dared to take the leap to visiting this thread. I'm wondering how much time I'd need to start reading the WO from the very first post all the way to the last one. I'm also wondering if it'd deliver me inner peace or other life-changing insights.
I sense the seducing perfume of a challenge...
how many pages do you believe that you could reasonably read per day while attempting to maintain inner peace? and/or to absorb such content in order to potentially work towards life-changing insights? Even if you would be able to read 50 pages per day, it would take you 542 days, just to catch up to our current page count, so at that pace, it would not be unreasonable to project 2 years of your time (close to full time)... not sure if it would be a self-satisfying project, unless you were to give us daily or weekly summaries of your findings, which would just cause you to have to read fewer pages per day, and end up generating more pages that you would have to read if you were to engage in some kind of meaningful (inner peace and/or life-changing insights) kind of reporting of your progress. Without more of an explanation (beyond a desire for inner peace or vague concepts of what would be life-changing insights), I am not a fan of your proposal... even though such a project probably would change your life.. just conceptually, I am not sure if it would be changed in a preferred direction.
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JayJuanGee
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July 01, 2020, 08:10:09 PM Last edit: July 01, 2020, 08:23:09 PM by JayJuanGee |
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[...]
Luckily the people I bought most of my coins from have a lot more than me. Many of my early coins came from the folks at Decentral, the birthplace of Ethereum where their obscene profits from that sleazy scam made some of them billionaires. I guess I could have made a shitload if I'd jumped on their offer of buying into the pre-mine but then I'd have to live with myself.
The owner of my corner store that used to have the ATM started showing me increasing respect during and after the 2016-2017 bull run though. I once asked him how big a percentage he got and he said nothing, just flat rental of his floor space. The store across the street offered lower rent and the ATM operator moved his machine. Too bad. I think he realized too late what was happening. If he'd taken his end in coins, he'd probably be rich(er) himself.
Now I'm past using ATMs (hopefully) and back to doing OTC business with devoted Bitcoiners. Hopefully no wrenches.
Back in 2015, I used to buy coins from ATMs (didn't yet have an account on an exchange). I remember I once wired $1100 to a friend who lived right next to one, and asked him to buy BTC for me and send me a photo of the QR code. He did. Later that day he called me and asked me whether he should also buy some coins. Of course I encouraged him and did an Andreas Antonopoulos-style lecture. He was excited. He wanted in. Until a few days later, when he called me and said he read on the net that Bitcoin was being used by criminals to launder money and was "no good". He even warned me against it and indirectly called me a "criminal supporter". He hasn't spoken about it ever since, but I see a bitterness in his face whenever we meet. I guess many shop owners using Bitcoin ATMs in their shops do (did) it just for the rental of their floor spaces, they never really believed in Bitcoin. It was only in 2016-2017 that things got serious, but it was too late for most to get in. Well, we all now know that it wasn't really too late, but that's how it seemed to them, just like it felt in 2015 after MtGox. Long story short, you can't have guarantees, you've got to risk some to gain some. With Bitcoin, being able to understand the tech behind it, and realizing its significance as electronic cash, gives you an advantage (a big advantage) over the clueless masses who just follow the media propaganda. For me, it was the understanding that production halves every four years (next was in 2016 at the time), so I just knew I had to own some coins before then. My only regret is not buying more during those early days. Live and learn. And take risks. That's the lesson of all this. I have bolded a portion of your post, and I continue to be torn about the various ways of framing what we need to know in regards to becoming motivated to invest in bitcoin as a hedge, and some of us do seem to get it fairly early. I keep believing that I got it so early, and I did not get distracted into bitcoin because I was largely considering the sound money aspects and the hedging aspects of bitcoin. So, i did not get very distracted or intimidated by not really knowing the tech very well. I still do not proclaim to understand the tech very well, and I continue to consider the ability to perform direct cash transactions on a widespread basis as a kind of aspiration rather than something that is necessary in the here and now, even though if you and I met on the street, AlcoHoDL, and you told me that you wanted to buy some hookers, lambos and blow off of me, because you could see that I had too much. I would tell you that as long as we can agree on a price, and you are willing to pay the transaction fee, then I will transfer over the agreed to amount of hookers, lambos and blow after I have at least one confirmation that the transaction had gone through. Since you would be excited to get your hands on the hookers, lambos and blow, you probably would pay such a fee to get the transaction to go through in less than an hour.. maybe even in the next block. So, sure we can do the transaction, but I am still thinking that the fact that no one can really stop us from the transaction or even disclosing it contributes to bitcoin's power, and surely also the scarcity of the supply of the bitcoin is going to cause some reluctance for you, AlcoHoDL, to want to spend the .5BTC or whatever the future price of such agreed-to transaction. Before we even get to the spending of bitcoin status, we do need to get through some level of decent accumulation and/or maintenance. When I was in the accumulation stage of my bitcoin, I would have been very disinclined to spend my BTC on hookers, lambos and blow because that could be expensive to replace those BTC.. and of course, if we are making smaller transactions, like I wanted to rent your $1,000 breach house for a few days, AlcoHoDL, then it would be much easier for me to replace those BTC upon spending them (presuming that I am in either a BTC accumulation phase or a maintenance stage of my BTC management rather than a more leaning, BTC liquidation phase) Of course, any of us earlier adopters should be attempting to appreciate our audience would most likely be in a BTC accumulation phase, so they have to get convinced in their head about what level of BTC accumulation target that they should set and the reason why BTC remains a great place to hold value (having more to do with sound money aspects rather than tech, even though the tech does help BTC to accomplish its sound money aspects). [edited out]
I was blown away by a couple of bitcoin ideas (in addition to no third party control, etc.): 1. Emission curve 2. The fact that you can convert electricity into something that is essentially, money (or at least immediately convertible good), and it appeared to be legal. Hodling idea came at least a year or two later. I noticed that you are still NOT completely convinced about the bitcoin HODL theory, Biodom, especially when you share some angles of your correlation speculations, from time to time... By the way, I am not even close to suggesting that you are anywhere near the level of a mindrust... unless you would like to disclose some of your previously undisclosed emotions about panic on or around our March 12 drop to $3,850? Were you tempted to sell some BTC around that time or not? Tell us. Spill your guts... do it ... do it...
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JayJuanGee
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July 01, 2020, 08:28:59 PM |
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Just looking at charts after the halving in 2016.
2 months after the halving the price was only up $50 vs the halving price (July 2016). We only really started to grind up in around November. The chart looks really similar to what we’re currently seeing, basically sideways for a significant period.
We should start moving up slowly through the gears, perhaps starting in September (if this cycle mirrors the last one).
The disclosure of the late July/early August 2016 Bitfinex "hackening" of around 119k BTC was a pretty damned BIG uncertainty in need of resolution in that time-frame. I usually am NOT into single cause theories in regards to BTC price movements, but that Bitfinex situation was seeming to be a pretty BIG mood killer in regards to UPpity.
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JayJuanGee
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July 01, 2020, 08:47:45 PM |
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[edited out]
Yeah, I remember watching one of Andreas Antonopoulos' videos on YouTube. A very old one. I don't think I slept that night. Discovering Bitcoin was, for me, one of those rare moments when you come to realize that this is something that will change the world. Something revolutionary. And we are all part of it. I'm certain that in several decades from now, Bitcoin will be mentioned in the history books as a major part of the "information revolution", or the "monetary revolution", or whatever the historians want to call it. I know most of us are in it for the profits (and it's understandable), but this is beyond getting "fuck you" rich status. This will change the entire world for the better. This is so much bigger than any of us. When we invest, we might consider broader pictures, but we also should be thinking in terms of our own greedy personal nature. One lucky thing with bitcoin is that you can have change the world ideology and get more richie at the same time. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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