[XMR] Monero Speculation

[medusa13]

cheap monero? the ones at 60 cents you mean?

no seriously. any good ways to hide the seed(without needing to remember too much)? i was thinking about a book. writing down page number and character number of each char.
just need to remember what book/edition it was.

bad idea? brilliant like usual? 

[americanpegasus]

[TPTB_need_war]

no seriously. any good ways to hide the seed(without needing to remember too much)? i was thinking about a book. writing down page number and character number of each char.
just need to remember what book/edition it was.

bad idea? brilliant like usual?  

Hope you buy your books with cash in places where street cams and satellite imagery don't go (the USG can read your dashboard VIN plate from outer space). An anonymous internet access has pitfalls too.

And I hope it is book that is not within your preexisting genres of interest.

And hope the value of the coins doesn't exceed the cost to try every book ever published.

Hope you can always obtain a copy of the book later.

It seems to be a reasonably good idea for small enough value if done well. And you can save copies all over, because you are less concerned if someone gets a copy of it. Has perhaps less risk than hiding your seed in cleartext in 3 physical locations.

Imho paper wallets are meant to stay on.... well... paper.

Clay tablets are perhaps more durable than paper. Some critter can come along and eat your $billions. (Everyone rushes to the cubby hole to check their paper wallet, lol)

Etching in gold would be more durable.

[ArticMine]

[...
I thought my paper wallet was safe but I had no idea what happens to thermal printing when left in the car on a hot summer day.

That's why XMR is going up now. So many lost coins!

And even ssd's in the car in the summer.....
http://www.pcworld.com/article/2920727/leaving-unpowered-ssds-in-a-warm-room-can-kill-your-data-fast.html

This has been debunked http://www.pcworld.com/article/2925173/debunked-your-ssd-wont-lose-data-if-left-unplugged-after-all.html

[TPTB_need_war]

I can't bear to think about it.   Trying to swing trade back up, but it's a hell of a write off.

And in the good ole USSA, you can only offset $3000 per tax year of your loss towards gains.   :middlefinger:

I had a $75,000 trading loss in 2012 (right about the time I had near death ICU hospitalization). Fuck the USG. Creating crypto is a personal vendetta.

[TrueCryptonaire]

Engraving on metal (or alloy possibly?) that has high melting point?

[shitaifan2013]

Engraving on metal (or alloy possibly?) that has high melting point?

this could work http://get.cryptosteel.com & https://www.indiegogo.com/projects/cryptosteel-the-ultimate-cold-storage-wallet#/story

[kazuki49]

Just memorize the seed, if you can't trust your own brain/soul who can you trust.

[farfiman]

This has been debunked http://www.pcworld.com/article/2925173/debunked-your-ssd-wont-lose-data-if-left-unplugged-after-all.html

Thanks for that link. I would say not exactly debunked but very heavily exaggerated the possibility of it happening.
Good info to know.

[jehst]

Is anyone bullish on crypto in general right now? Why or why not?

[TPTB_need_war]

Engraving on metal (or alloy possibly?) that has high melting point?

this could work http://get.cryptosteel.com & https://www.indiegogo.com/projects/cryptosteel-the-ultimate-cold-storage-wallet#/story

  Thanks.

[nioc]

Just memorize the seed, if you can't trust your own brain/soul who can you trust.

This reminds me, I lost an unknown amount of Monero due to amnesia.

I'm leaving my house within the hour, maybe I get hit by a bus

[onemorexmr]

Is anyone bullish on crypto in general right now? Why or why not?

imho there are many things right now which are bearish (most of those points where told me by friends which are not that deep into crypto as me; i dont necessarily share their few: but i think how they perceive crypto is more important than my view):

- most altcoins are a big scam and some crazy kind of "inflation"
- current bitcoin xt debate
- bitcoin price development
- shops drop bitcoin support (eg no more pizza delivery for me ;( )

i am still bullish: but only longterm.

imho what is needed:
 - some good press / success stories
 - new people(!)
 - it sounds ugly but some country support would be great (like ny-bitlicense; even if it is no good it is perceived as "acceptance")

btw nice to see you again hope you stay here and dont leave until next summer...

[oblox]

I can't bear to think about it.   Trying to swing trade back up, but it's a hell of a write off.

And in the good ole USSA, you can only offset $3000 per tax year of your loss towards gains.   :middlefinger:

I had a $75,000 trading loss in 2012 (right about the time I had near death ICU hospitalization). Fuck the USG. Creating crypto is a personal vendetta.

Wrong, the $3k limitation is if you don't have any cap gains in a given year to offset those losses with. If you had $75k in carryforward losses and $75k in gains, you offset the whole thing and expire your carryforward. If you had $75k in losses and $60k in gains, you can use $63k (up to the $60k of gains + an additional $3k) of your losses and carryfoward $12k for future cap gains.

[smooth]

I can't bear to think about it.   Trying to swing trade back up, but it's a hell of a write off.

And in the good ole USSA, you can only offset $3000 per tax year of your loss towards gains.   :middlefinger:

I had a $75,000 trading loss in 2012 (right about the time I had near death ICU hospitalization). Fuck the USG. Creating crypto is a personal vendetta.

Wrong, the $3k limitation is if you don't have any cap gains in a given year to offset those losses with. If you had $75k in carryforward losses and $75k in gains, you offset the whole thing and expire your carryforward. If you had $75k in losses and $60k in gains, you can use $63k (up to the $60k of gains + an additional $3k) of your losses and carryfoward $12k for future cap gains.

What happens if you have $60K in gains one year and $75K in losses the next?

[oblox]

I can't bear to think about it.   Trying to swing trade back up, but it's a hell of a write off.

And in the good ole USSA, you can only offset $3000 per tax year of your loss towards gains.   :middlefinger:

I had a $75,000 trading loss in 2012 (right about the time I had near death ICU hospitalization). Fuck the USG. Creating crypto is a personal vendetta.

Wrong, the $3k limitation is if you don't have any cap gains in a given year to offset those losses with. If you had $75k in carryforward losses and $75k in gains, you offset the whole thing and expire your carryforward. If you had $75k in losses and $60k in gains, you can use $63k (up to the $60k of gains + an additional $3k) of your losses and carryfoward $12k for future cap gains.

What happens if you have $60K in gains one year and $75K in losses the next?

Unless you had carryforward losses, you pay your taxes on the 60k of gains... you can't retroactively use your future losses on previous gains even with an amended return because the losses were not in the same tax year.

[G2M]

Is anyone bullish on crypto in general right now? Why or why not?

Well I wasn't just an hour and a half ago for sure.

Literally wasn't expecting this for at least 2-3 months.

Figured I had so much more time just over a week ago.

Ofc its very possible and seemingly likely this has a lot to do with eth.

Thats probably it. OK confidence in my original plan has been restored somewhat.

Edit: I forgot to add the word 'until' somewhere above in my post. I haven't added it in the edit for funsies, but rest assured it has a very specific spot there.

[worldinacoin]

Is XMR dead already?

[G2M]

Is XMR dead already?

You'd never come here to buy it anyways, because you're scurred off by shadows:

https://bitcointalk.org/index.php?topic=214887.msg2431252#msg2431252


So, do ya speculate that its dead because bcx posts negatively about it?

[kenji]

Is XMR dead already?

sooner or later it will be dead anyway.
as the old risto said ,there is  a very tiny chance that monero will ever be success.
but for now we can good gamble with it