Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ChartBuddy]

Explanation
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[1714653640]

1714653640

[1714653640]

1714653640

[1714653640]

1714653640

[1714653640]

1714653640

[1714653640]

1714653640

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

chillax buddy, all in good time

[Who is John Galt?]

I am looking to have four investments

silver
btc
fed bonds
real estate.

If ammunition becomes a truly important investment, it will be taken away from the less experienced by the more experienced and trained. You can rely on bunkers and machine guns in the barn either if you have your own mini-army, or while the majority of those around you are law-abiding.

I prefer to hope that I will not have to find out in practice whether my thoughts about the prospects of investing in ammunition are correct, so I choose Bitcoin.

[ChartBuddy]

Explanation
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[Gachapin]

...
By the way, I have a little bit of a story, and I am not sure how much I should tell, but I had a situation in which I needed the seed phrase that was supposed to be in three parts and I was missing one of the parts (for reasons), and so I knew that I had two back ups of the three parts, and so I called up a life-long friend, and he surely is not very technical and even though talked with him about bitcoin several times, his eyes glaze over while he is looking at how complicated his flip phone is or that he is trying to get his remote on his TV to work.. (he doesn't have internet).. but anyhow.. I called him up, and I asked him if he could go to the location in which one of the pieces was located, and I would give him the code to get in, and then I would give him instructions about how to get to it while we were on the phone live, and he said o..k.. and he would call me when he was at the location.  It took about 5-10 minutes just to get to locating the place where the words were, and I told him that it would probably be 8 words, and he told me that it is only 4 words.. and then I remembered that it was a 12 word split up instead of a 24 word split.. and so when he read me the 4 words, he mentioned that one of the words was "xxcxxxxx", and I said that does not even sound like a real word, and he read it several times and told me that is what it says.  I said o.k... so I wrote down the 4 words, and I told him that I would let him know if I had any problems in terms of getting access to the wallet that I was wanting to get, but I would have to do it in a few hours.

So when I put together all 12 words, and I typed in the "xxcxxxx"  by the time I got to the second letter, there was already a suggestion that had the word to be "xxrxxxx".. so my friend could have had sworn that the word the one with the "c" and neither of us even thought about the word with the "r".. so sometimes simple mistakes can be figured out, but some kinds of more complicated mistakes might be a lot more difficult to resolve.
...

You should not split up a seed. someone finding one piece compromises the whole encryption.
Also you often have to get your seed words through communication channels (in your case phone) which has the risk of a middleman attack.

If you want to produce shares to give to friends I highly recommend using Shamir (Model T) where every share in itself is totally worthless and doesn't compromise the security when found. It's a kind of prestage to multisig which requires several wallets but can be manufacturer independent. (so for me Shamir is the second best when it comes to security)
It's very easy to use and might be perfect for what you want to do.

BTW afaik:
the reason for 24 words instead of 12 is actually that even if someone knows all words (out of order), your coins are still secure.
If someone knows all words of a 12 word seed out of order, he can brute force the sequence and get your coins.

If I remember it right, back in the days there was no option to put your seed directly into the Trezor so you had to use the keyboard on your computer. The computer didn't know the sequence though, as you were asked to put in the words out of order (for example word 7, 2, 11, etc). But with a 12 word seed someone could know the out of order words via a key logger and steal your coins by brute forcing the order.

That means you could send your 24 words through any compromised communication channel (even post it here).  And as long as no one knows the word sequence, your coins will be fine.

[Lucius]

~snip~
That means you could send your 24 words through any compromised communication channel (even post it here).  And as long as no one knows the word sequence, your coins will be fine.

For many who encounter this form of backup for the first time, those words often seem like something that is quite easy to guess, especially if it is a seed that contains "only" 12 words. However, the seed is only a simplified representation of something much more complicated, which is still impossible to break with today's technology.

Although technology is advancing unstoppably, one estimate says that it would take more than 19 million years to crack 24 words seed. As things stand for now, we are pretty much covered, at least in that regard

This depends a little bit if all words are independent. If yes the will be 24! = 620.448.401.733.239.439.360.000 permutations of the words. Assuming that you computer can check 1 billion permutations per second (which is is way too optimistic as this would assume that a signature / public key could be computed within one clock cycle which he can't) this would mean that your computer still would need 620.448.401.733.239 seconds which is 19674289 (19.6 million) years as the absolut minor / lower bound. This estimation however does not take into account technological breakthroughs in computing hardware which could very well happen in that time frame (:

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

I am looking to have four investments

silver
btc
fed bonds
real estate.

If ammunition becomes a truly important investment, it will be taken away from the less experienced by the more experienced and trained. You can rely on bunkers and machine guns in the barn either if you have your own mini-army, or while the majority of those around you are law-abiding.

I prefer to hope that I will not have to find out in practice whether my thoughts about the prospects of investing in ammunition are correct, so I choose Bitcoin.

this is a quite good post.

I have a few shotguns and some rounds. I rather not have to buy a lot of them.

[ChartBuddy]

Explanation
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[vapourminer]

I have a few shotguns and some rounds.

never met a shotgun i didnt like

[philipma1957]

Mine are nice classic guns.

2 barrel

One is an old L.C. Smith.

very nice

[BitcoinBunny]

Mine are nice classic guns.

2 barrel

One is an old L.C. Smith.

very nice

What happened to your hat?

[ChartBuddy]

Explanation
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[philipma1957]

Mine are nice classic guns.

2 barrel

One is an old L.C. Smith.

very nice

What happened to your hat?

I decided to do a signature campaign for a few months. I will be using the funds to donate to { talk img } and to run a promo contest  for difficulty prediction.

I did the difficulty contest for year giving away 6 or 7 btc back in the day.

Also I really want to be able to help fund [talk img] which all of bitcointalk gets to use.

[AlcoHoDL]

Passphrases and PINs,
Protecting our coins from thieves.
Entropy at work.

What's a good passphrase?
Too small, it can be brute-forced.
Too long, forgotten.

Be your own bank, huh?
Not as easy as it seems.
Gets inside your head.

Talking in your sleep?
Saying words that make no sense?
The map to your coins?

Man, this is too much!
Hypnosis and truth serums,
Rusty pipes and such...

Gets too physical,
And kinky and sexual,
The more coins you have...

I'll take Bob's advice.
Purple fences and shotguns.
Brute-force that, you fucks!

#7wodigestsundayhaikus

[ChartBuddy]

Explanation
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[Gachapin]

guessing game:

where do you guys think will be the lowest coming low that will never be revisited again?

I'm undecided... Taking FTX + Gox coins distribution and Blackrock manipulation into account my guesses are 22k-23k range or 19k-20k range.

[ChartBuddy]

Explanation
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