Here's what I did recently. I took all my bitcoins and put it into an exchange. I then used that to buy litecoins yesterday. I slept.

The next day, I made a sell order for twice the price. I got it, and almost doubled my bitcoins. (I forgot about the trade fees, etc.)

I now just need to withdraw my coins from the exchange, but it won't let me because my account is only 2 days old.

My holdings are very small, so in terms of USD, I just made a thousand dollars today. (I only had 1 bitcoin, it's now 1.999.)

Wait until the devs lower the transaction fee to less than 0.0001.

I don't know. I'm not a dev. 10 cents per transaction is still cheap, but it was a lot cheaper before. Since the price went up 10 times, maybe the transaction fee should lower about 10 times.

But that requires all the miners to upgrade, all the pools to upgrade. ... otherwise anyone who makes a transaction with less than 0.0001 won't get relayed, and won't get confirmed in a timely manner.

I don't know, but from what I understand, if it's lower than the current minimum transaction fee (which happens to also be the minimum relay fee) then it's not counted, or it is considered as essentially zero.

Now, if you have aged unspent outputs such that your transaction does not require a fee, but you make so that you have at least the minimum, that will be considered or counted. (if your transaction is 2kb and you put 0.00005 as the fee, it will use a total 0.0001 as the total transaction fee.)

I saw it here:
https://bitcointalk.org/index.php?topic=344405.100



Also:
http://eligius.st/~gateway/faq/following-applies-transactions-being-processed-our-blocks

Sold at 1200. Bought at 600. Doubled my bitcoins from 2 to 4. I wish I had more, but I'm not complaining.

I spend my bitcoins. When I look at my history, I should have bought everything I could have last year, then just held onto it. But no one can predict the future, so I use it when it's needed, and sometimes the timing isn't perfect.

Sold at 900, bought at 450. Doubled my coins again.

A bit less actually. I spent (sold) some for shopping stuff. Now I'm doing alt trades, looks like fun since all the alts crashed too.

Hey Loaded, if you are ever in my country, do consider me as escrow for your transactions. Can't wait to do one of those with suitcases or something.

So, now is a good time to buy? Or wait a little bit for it to go lower?

Oh well. .. .. still waiting anyway for my fiat and I've got a local contact who wants to sell me some BTC so he's also just waiting.

Mars-coin? Adam, lets both go to Mars and generate the genesis block there. No premine. (Except the first 4 people who arrive there every year.)

Lochness monster?

Time to double my money. I'm buying. Next week. Depends.

I think I'm a permabull. Going to double my coins again soon.

I like Choo Choo Mother F ... much easier to remember. Crypto Current Moo Wha?

Who needs escrow? I can do it, but only the BTC part. If you need me to fix it to fiat, then I'll have to exchange it first, then buy back the BTC 30 or 90 days later. (I have high limits on the exchange in my sig, see the about section.)

And there's also a charity related thread in my sig since last year. Over 3000 meals donated. You rich folks can probably beat that with one transaction.

Yeah, I prefer BTC too.

http://blockchain.info/address/1Dabso5tsVpM9oZKxu8h4WYUUxjkwxC25Q

i think the bet amount is about 100 BTC? 50k USD.

I'll go make a contract tomorrow while you guys figure out your terms and agree on something. Or not. This looks like an honor bet.

So... no escrow I guess.

I'm still a bull. But then my views are greatly simplified.

PM me if anyone needs escrow. I get tired just keeping up on this thread and end up skipping entire pages.

Looks like a brontosaurus. Or some dinosaur.

I got paper wallet in a sealed envelope, locked in a safe that only a few people know the combination. Worst case, they can bust it open in a few hours.

Actually, I got paper wallets in a few other locations. I haven't gotten around to making wood, stone, steel or tungsten wallets. Yet. They are on my to-do list.

I'm curious. What actually happened? (about the lost coins / laptop / sauna / beach / moon)

I like just looking at this thread every other week or something, but when I do that I tend to miss the last few hundred pages.

Looking good. I mean, for those people who are wanting to buy.

Never a bad idea to buy, hold, wait, then sell. With a long gap. Of course it depends, but for example, our favorite scenario would be to buy last year, and sell next year.

I have a few days to watch the price go down, then I'm buying some more.

The bubbles are smaller relative to the values, even though in absolute amounts it went up (or down.) So the bursting effect is slower. Unlike last year's which was a 10 fold increase.

Go go go!

There are people who like Formula 1. And then there are people who like Nascar. And then there are people who like Monster Trucks.

I like cranes and bulldozers (but those are probably more boring than fast cars going round and round.)

Well, the litecointalk forums got hacked. So ... that did a lot of damage to the coins value. It should not have. I didn't even notice until yesterday.

When you have more than 12 BTC, I would recommend using Bitcoin Core on a computer that can handle it. The only other wallet I've used is Electrum.

On a properly secured computer, it's fine. I know someone who uses an android software wallet with 50+ BTC in it.


All the coins and alts I hold are on software wallets. Do whatever you need to do to keep your computer secure, whether that's installing firewalls or running it in a VM or isolating it from the internet.

Ok. I'll admit yours is better advice. I'm just not into hardware wallets for now. (My computer is essentially a large hardware wallet; but that's another story.)


I don't trust anything.

Not to sound negative about that guy's losses, but he probably did something else wrong that's not in the story, or that he's not aware of.

Ok, so hardware wallet: Trezor or Ledger? I heard about Case before, or is that too much?

There is also crypto steel, or metal wallets. (also plastic wallets, kiddy alphabet wallets, engraved wood or metal wallets, etc, whatever; they're all "paper".)

You don't buy at the dip in bitcoin, you dip into some altcoins... (it's called gambling.)

Look at what you think are the top 25, either still in ICO or already released and launched. Then pick the top 5.

4 of them will flop and dump to zero. 1 of them will do 10x or 20x.

Of course, it's quite possible you picked the worst of them and they all dump to zero. I say, just go for the free airdrops that you see, and some cheap altcoins, or buy a small amount. Don't day trade (unless that's your thing.)

Now, I've gotten maybe 20 altcoins, and maybe 15 or 16 of them are worthless now. One is I'm waiting for something to happen, another I already made 5x the ICO price but I'm still waiting for something else to happen.

Then, you trade some or most or all of it to bitcoin and HODL.

If you had Ripple or Litecoin, regardless of what you think of the coins themselves, they were profitable to HODL about 2 months ago, and then sell. But there was really no way to predict all that. It's like everyone is saying 3 years ago to invest in ETH, but noooooo... I didn't. And the ones who did probably didn't HODL long enough.

I don't know about penny stocks, but there have been a number of successful ICOs; or rather, profitable. Everyone looks at coinmarketcap, see the top 100 coins. More than a handful of them had ICOs, premined, and all that.

But you are correct, no guarantee. The chances are not remote tho, and a little better than rolling dice. You read up on something, and you can decide if you want to risk it or not.

She will keep that paper wallet until her 18th birthday, is what I think the plan is. 10 years from now. So BTC will be worth $5000 or $10k, or $20k, or some number between the moon and mars.

OMG!

I just sent $18,195.29 and it cost me $11.13 in transaction fees.

well... that's what you gotta pay I guess. Still, 0.06% ? (unless i missed a point) is cheap.

Zero Conf are generally not safe, however, they are reasonable safe as long as they satisfy a few criteria:

1. No detected double spend attempts within 10 seconds after first seeing the transaction on the network.
2. Has paid at least the minimum transaction fee shown on https://bitcoinfees.21.co/
3. Has propagated to about 80% to 90% of nodes on the network.

You're welcome. I use it all the time if the other guy has PGP / GPG too. (And VPNs and Tor.) Even if all I'm going to say is "Hey dude/bro, what's up?"

In my family, we just use text messaging apps with end to end encryption, easier for them. (Viber, Signal, WhatsApp)

It used to be on blockchain.info I could see how many nodes has a particular transaction as well as an estimate of when it will be confirmed, but now they are gone.

2800+ CAD on Quadriga.

Nice short article, but a couple of things:

1. Exchanges can never show the whole picture because people don't put all their dollars or coins at once. There are day traders who sell one coin at a time and as soon as that's eaten they put another one. Or buy. You can't see the whole of any side, the buy side, or the sell side, (or the bids and asks). It's just not all there yet.

2. No one wants to be a shorter when many think it's better to be long (or in other words, the hodlers.) Plenty short the altcoins, but that's different.

It happened in 2013. And, if you think about it, he did not lose 7000 BTC, he lost "just" 1700 BTC.

I don't have cryptosteels, I will probably make my own version instead of buying one. However, it is a lot easier to pass through any airport with paper wallets without arousing suspicion, and you can probably keep it on your person. The typical bitaddress type of paper wallet has 7 addresses that can fit on standard size A4 or 8.5 x 11 inch paper.

But then, I don't travel as much as Elwar, I've only been to maybe 5 countries in the past 10 years.

*edit*
MicroSD cards are also very small.

I replied to your thread. My country has large houses, cheap food, cheap household help, full service gas stations, and drivers that double as bodyguards. And nice beaches.

Is bitcoin decentralized? Yes.
Does bitcoin have value? Yes.

What kind of silver did you get? Coins? Bars? (bullion?) Thinking of getting some metals myself.

Here's an idea. Get a dictionary. (or any book for that matter). Instead of writing down the private key or code, you circle a few letters per page starting from somewhere in the middle, and skip a few pages.

Sort of steganography. I'm sure you can think of more ways to use every day things that will not attract airport security.

In-flight magazines that you're allowed to take home, tour book. A bunch of letters in a necklace. Handwritten with a sharpie on the inside of your undershirt.

Or my personal favorite, a microSD card hidden on or about your person, shoes, belt buckle, stitched to the hem of your pants or shirt sleeves, taped under your watch, or just stuck in your leather wallet (where you hold your credit cards, if you have those.)

A bunch of coins in a coin purse with one fake hollowed out coin; or two coins taped together with the card in the middle, should work just as well.

I'm actually making some money on these ICOs, but I eventually trade them back to BTC. Some are so crappy I hodl them for several months, then one day they go boom, and I dump it all back to BTC. Some I missed the ICO, but found them on an exchange. Then they went up 40% in one or two days, sold them all, got back my BTC and a half. (Then it continued to double, then crashed. heh.)

It's like slow dice... Or slow sports betting. Get an alt. Hodl for a few weeks or months. Dump when it's 5x the price.

I have a bunch of alts. I can tell you about 20 of them died a slow and ... well, it's NOT painful, it's just a slow death. As in, the node counts went to zero, price went to 1 satoshi, then zero satoshi, (got listed on litecoin market, so I consider that below zero) and they got delisted on whatever exchanges they were on.

I do hold some of the more popular ones.

The strategy here, is, just HODL... I can't tell you which ones, as it's almost gambling. Just get a bunch that you can afford to lose. If you lose, then that's it. If it goes 5x, cash out. If it goes even higher, don't buy back in anymore, forget it.

Some of these alts, I got for "free" as part of my little "escrow hobby" around here. I've done, maybe a dozen ICOs, where I've held all of 10 BTC worth of "investments" or "donations" from contributors or participants, the altcoin launches, I get paid my 1% fee, and get tipped 1 million of the altcoin with a supply of 100 million. (1% both ways.)

Most I just hodled to death. A few went to the moon, so I traded them all for BTC, even tried doing some "Ping Pong" on polo and bittrex.

With alts, its not so much the technology or the blockchain or the smartness of the smart contracts, but the psychology of the people involved. There are masses of people with tons of BTC moving volumes.

I started this year with 1 or 2 BTC. I'm now at about 5 BTC, and another 10 BTC equivalent of assorted altcoins, some of which I will trade soon, others I will wait a little bit more, and one or two I will wait until the end of year.

Oh no, I believe in BTC, I just didn't have the money (fiat). I spent some of my BTC to buy stuff and pay expenses. I'm still doing it, but my intake of BTC is much higher than my spending now. In 2016 (last year) I had about 12. A few of it from buying, the rest from assorted trades and contracts.

I'm going to hodl as much as I can now, but I'm also investing in some ICOs every month, at least multiply my BTC a little bit.

1. Don't use Coinbase.
2. CoinJoin or JoinMarket.
3. If you must use Coinbase, just send it to your wallet first, then bounce it a couple of times.

I'll join.

I disagree.

Bitcoin is more like an economic bubble than a ponzi scheme per se. There is no one central authority people can charge or run after. It is also not fraudulent.

The latter is only better in so far as you have physical possession of your precious metal, which is at the same time, both its strength and its weakness. While you could argue that you could carry $50,000 USD worth of gold on your person, it's far easier to "carry" $5 million worth of bitcoin.

It's good to have both. I'll be getting myself some bullion soon.

Just like you bro ... I bought 5 bitcoins for $20 several years ago. Of course, the first thing I did was send it to SatoshiDice.

I don't understand.

I did also send them to coinroll, primedice, just-dice, 777coin, and a whole bunch of others. I even made my own, but have since shut it down.

I found a site that lists acres of land for cheap. Like 50 acres or 100 acres for $20,000 USD to $40,000 USD. So far I've just been looking at the United States and Canada on it. LandWatch.com

I think I found it from another site that talked about homesteading. It's not a decentralized nation like seasteading, but I kinda like getting lost in my own woods, looking for honey.

The problem with not owning the land is you might be trespassing, unless it was a public park, and of course you can't build anything on land you don't own, say if you wanted to make a small house (or a large one).

I saw one plot for about half an acre, that's still 15,000 square feet, and it had roads around it, with water, electricity and telephone service available, for only $13000. It's like a dollar per square foot. You could build a mini castle.

http://www.castlemagic.com/

Or make a duplicate of Bin Laden's cement compound that is gone now. Zombie Proof!


You're still in the middle of somewhere, but far enough from the city you could probably be left alone.

Define "proper stash" ?

I don't think Lauda can ban you. Lauda is no longer a mod. Let me check quickly. Yep. Can't.

You get free food, probably without firing any shots, until the silver plated axe guy. ...

The supply of bitcoin by the end of 2020 will be at least 18 million BTC. That's 87.5%. The year after that is another block reward halving to 6.25 BTC per block. The year or two after that, another train or rocketship or moon or mars or whatever.

2030 is a much nicer year to forecast, it's in the middle of a block reward cycle and we will have 99% of all bitcoins, so ... bitcoins won't increase at that point (yeah, 1% over the next hundred years) but users will ....

ICO market is going to stick around at least another 2 or 3 years. Fortunes will be made (both by the founders as well as normal participants.) If not ICOs, then the "normal" altcoins that come about just by mining them, airdrops, country coins, business coins, and private coins.

The thing you forget about "sensible people" is that there are "non-sensible" people born every minute, or come into this space. I argue that my estimate of 2 to 3 years is conservative and as long as there are people, as long as they think "so, there's a chance" ... ICOs or some variation of them will continue to exist.

Transactions are instant, 10 seconds if you want to make sure you don't see any double spends and provided the tx fee is appropriate.
Cheap, when the money is worth it, but not if it's not worth it. What I mean to say is for transactions valued higher than $100, not a cup of coffee. Off chain for that one.
Uncensorable, when you don't deal with an exchange. It's the exchange that attempts to censor you, so just be smart and tumble or mix.

I got some cheap ETH, joined a couple of ICOs, then selling them back to ETH or BTC, eventually everything will be in BTC. Doubled or tripled my BTC. Slow Motion Dice is what I call it.

Some ICOs seem to make sense. I can't tell you which ones, but from the 700 out there, at least 7 of them (about 1%) have "something", whatever that is, and not just for pure speculation.

As for me, I'm trying to trade my way up.

You do what I believe is called "Value Investing". Not so much the fundamentals of a coin, but the team or devs behind it, what they promise to do, and what the public thinks about them, or what you think the public thinks about them (you can't really tell.) You try to predict which one will rise. Get in the mind of the pump and dumpers, without being them. I mean, I don't participate in the troll box or other forums, but I read them all, or mostly.

In short, it is gambling. LOL. Sorry. My so called "equivalent" 50 BTC is now 70, but as you or someone else has pointed out, it is not yet realized, so ... I better trade some of these back to BTC soon.

It's not "worthless", it's just a gamble. There is a good chance you make back at least what you invested. It's much better than playing dice with 50% chance to lose.


It wasn't Cisco or Huawei?

You need escrow that specializes in ICO? Multi-signature if you want, with another guy I know.

The most realistic near future scenario I've seen was in an anime called Gundam Zero, where 300 years into the future, the planet is powered by solar energy harvested from panels in low earth orbit, connected to three orbital elevators. Poor countries had to buy power by setting up microwave antennas. The robots (or mobile suits) were just for fun I guess, hehehe.

That's kinda still ... 300 years from now. I imagine just a few decades to maybe a couple hundred years, someone will just make giant floating solar panel arrays in the equator (in international waters)

Yeah, and I think we won't even be a full Type 1 civilization in the anime. Maybe Type Half or something. We'd have to completely blanket our planet with solar panels and that's just crazy. 10% of the surface ought to do the trick, then humans would start thinking about going farther out, to the moon, to mars, or whatever.

I don't see how we can turn Earth into Trantor or Coruscant; but we'd all be long dead by that time.


Power production would be decentralized among different private entities or ultra rich individuals, and if any of them mine bitcoins directly, no one would fork it still. Most probably the energy providers will just want to make money selling electricity and could care less what you do with it as long as you paid first. Go make weed, or go make bitcoins, I don't care, here's how much you owe me per kilowatt hour.

I feel like I'm watching The Big Bang Theory. Lots of doctors here (with PhDs) and maybe an engineer.

Doubling blocksize may double network capacity, but that does not scale nicely. You may think it scales linearly, and that's not really a good idea on its own. Together with other real improvements to scalability, something that more than doubles network capacity is better.

We want something that scales to ten to twenty to a hundred times more transactions while keeping the blockchain as small as possible (without pruning).

I was talking about the blocksize thing. I like the signature thing for many inputs to the same address, that actually makes sense.

1. It hasn't been tested, and you don't want to do it on the production main net. Testnet can't simulate it because we actually need something that has so many transactions.
2. Changing one number can break the whole thing, not to mention the possibility of attacking the nodes running on this one number, plus this is a hard fork.
3. HF are not always bad, but they are almost always not good.

I'm confirming it, but I won't give any sources, they should be easy to find out there. I don't know if you think I am credible enough or not. The message is important, not the messenger.

Thank you for the clarification. I'd say, spend a little time digging up where we found it.

I remember it must have been a discussion here (in other parts of this forum) as well as the dev irc logs or something, and an article or two from some other third parties.

Trust. But verify.

Wow, so I can almost triple my money? .... kidding.

And you can get away with paying less capital gains tax, if the most recent paper wallet you are exchanging today is dated less than a week ago. I'll leave it to your imagination. You might even possibly register losses too, but that's unlikely since you wouldn't be buying fiat at that point.

Uh.... he's got lots of paper wallets. Pick the oldest one, then sweep some or all of it to a new paper wallet 1 to 2 weeks before you actually need to exchange it. When you finally exchange it, it's only 1 week old, declare capital gains or losses as appropriate.

A good idea in this scenario is to constantly move your paper wallets to new paper wallets every month.

He "purchased" them 2 months ago. It says right here on the block explorer. "Value at time of transaction."

It's turtles all the way down ...

I'm sure he can think of something. This part is best left to your imagination. The drug guys and organized crime have been doing it for years. Or you could mix it up and use your crypto to buy PMs (like gold or silver) from a reputable site then sell those to a PM dealer local to you. (Big transactions will get recorded.)

And I just remembered that JimboToronto is in Canada, where I have it from reliable sources that in a nation with hundreds of thousands of immigrants annually, some of them, with no credit history or record at all, buy properties in the millions of dollars, in cash. Because they can't get a mortgage or a home loan.

The realtors don't ask questions, after all, they have already landed. (In fact, even non residents can own property, as long as they pay.)

I heard a story about this wealthy Chinese, moved to Canada, bought a large plot of land with a house in it (even though he did not like the house), demolished the house, and put up a new one that looks the way he wants it to look (like a Chinese temple or something, all bright red and that, yes, it's the stereotype too.) Cash.

When I say cash, I actually mean guaranteed funds, bank wire, bank draft, certified cheque, or the equivalent of a giant money order.

The Big Five in Canada, they don't ask questions when you open a brand new account with them, use your passport as identification and deposit a few million dollars.

I think Jimbo's problem is, he doesn't like using the banking system there, so he probably literally has to have the cash. And he's been there for awhile ...

All my bitcoins were purchased about one month ago. I can show you records. I bought it from a guy in the corner of some street, I don't know where, and I can't find him anymore, but here it is in the block explorer. That's my very first one. The next one is a few days later. See, here. (pointing to a print out of blockchain.info or any other block explorer and the paper wallet in question.)

I bought bitcoins because I saw it on CNN and CNBC and Fox News last month.

I bought some litecoin back in 2013... December 31. I sold it in 2014. January 1. Doubled my bitcoins, sold LTC at $40 USD. hehehehehe.

Sorry for the late reply, but yeah, I'm actually counting on my country (the Philippines) to not care at all, and it will work. I do have millions (in Philippine Pesos, not in US Dollars), but at the same time I also used to do large cash transactions that the gov doesn't really care about. (I used to handle the accounting and payroll of a small company which had a few hundred employees and sometimes their salaries were paid in cash.)

There was also that story of that Norwegian? Who bought an apartment because he mined or bought 5000 bitcoins a few years ago and cashed it out in late 2013 or early 2014.


In my case, I don't even keep records. Bitcoin is "fungible" here in my country. Someone wants to buy, I sell. If I want to buy, someone else is selling. And if I'm too lazy or my transaction is too big, I go to one of two "exchanges" and just buy or sell, mostly sell as I don't buy from them. The daily limit is small though, one of them is about 8000 USD per day, and the other one is about 50k USD per day.


Anyway, I was just airing out some ideas; I'm sure none of them apply to anyone who doesn't live in my country (which incidentally now has our Central Bank making some "guidelines").

HotDogStand ICO.
Ticker symbol HDS.
Long name: HotDogs.
Algo: Proof of Steak. or Proof of Meat. or Proof of Hotdogs.
Coin Supply: 1000
To be sold in ICO: 800, 200 will be kept by Elwar and Devs, locked in escrow for a period of 6 months
Angel Day Bonus: 20%
1 week Bonus: 15%
2 week Bonus: 10%
3 week Bonus: 5%
Last week: 0%
Minimum Target: 100 BTC
Maximum Target: 10000 BTC, if reached, will have 24 hours and then ICO will end.
Coin Price: Price Discovery
Escrow: Individual Addresses per Participant, Multi-signature consolidated public address forwarded daily.

Roadmap: You get hotdogs. Each coin is backed by hotdogs. Normal hotdogs go stale in 24 hours. We will use a preservative that will keep it good for 3 years.

Pre-Ann to be announced soon, and Pre-sale and Pre-ICO before the real one 2 months later.

*edit* If I post an address, someone is going to send something to it. Crazy.

I read enough at that point.

Do I need an argument? The guy has no credibility.

Yes, that's the guy who can't prove anything, or was too afraid to try to prove something. Can't even do a simple sign this bitcoin message, or sign this PGP message. So simple, yet can't do it.

1. I don't need a point.
2. I don't need an argument.
3. Others have already commented on it.
4. Feel free to talk more about CSW and whatever he says, waste of time if you ask me. He cried wolf too many times already.

As others have said, BTC isn't affect by this no matter what they do, but supposing I had 150 million worth of ETH I'd cash out some parts of it to to fiat at a rate of 8000 a day, or 160k per month, per exchange that has an ETH/fiat pair, regardless of fiat.

I have a few in mind I can max out on, and of course I have a couple in my country that doesn't really care what I do with it.

Some I will trade with whales or some dark pool trade or whatever. Some I will put in paypal accounts or similar things. Put a few thousands in purse and the other gift card sites. Put in the top 10 casinos that accept "investments".

Some I will put in assorted alts, just to hedge left and right, maybe a few millions in each of the top 20.

Then for the fiat, I'll put in traditional investments that give maybe 2% to 5% to 10% annual return in the form of capital gains or dividends (not just pure interest). Those get appropriately reported to the tax man.


There's a million other things to do with it too. Of course, maybe since I have the startup, I should actually do what we were supposed to do, unless I said "I'm doing nothing, so here is our address." Because people will send to an ICO no matter how stupid it is. Just have a little marketing and hype and boom ... somebody is an uncle. Bob?

The wealthy have access to dark pools for trading, and off-market sales. Not on any of the usual exchanges.

But before they do that, they would probably buy a few hundred or thousands on the exchanges first.

In the end, it's all about money. The alts are not evil in and of themselves. If you don't understand something, it's good to stay away from it. Have no regrets. But if you can see an opportunity without directly harming anyone else, why not? Even bitcoin will have its losers (the ones buying high; but if they just use it to do value transfers, like buying something, they don't really lose) but that's the way it goes, all of this is voluntary.

The only reason I own ETH is I'm spreading my stuff across a bunch of alts. In the end, they all go back to bitcoin. (And the other alts have their uses too.) I got some precious metals too, because ... because!

Bitcoin will centralize, with a several countries. Not just one. Scalability will come later or not, depends on what happens, but alts are already part of that.

I've been spending bitcoin every month. I've actually not had to buy in a few months, I'm always selling. (But then, I'm making moar btc from all these crazy icos.)

low value scamcoin.... that's new to me.. LOL. sort of new.. not really. There's a new ICO every day, and this will last for awhile, maybe a year or two or more, then it will just change names or something.

The ones I've invested in aren't that low value anymore, just about enough to cover close to the average annual salary for the typical middle class above minimum wage worker earns. More or less.

If you're in the Philippines like me, forget mining. Meralco (Manila Electric Company) will suck out all your earnings, or whatever electric company is in whatever province you live in, and of course theft of electricity is not recommended. Learn it and have fun, for educational purposes only. But you won't turn a profit. You can certainly try.

I'm here. Dunno where everyone else is. $100k and $500k BTC advocate here.

I saw a video by Antonopoulos saying the same thing. He's got interesting videos on his youtube channel. Recent ones are about these ICOs.

Something satoshi said a few years ago, which may be relevant to some people out there and in here:

If you don't believe me or don't get it, I don't have time to try to convince you, sorry.

Many distributed computing projects "mine at a loss" ... since forever. Cracking RSA, looking for aliens, folding proteins, cure for cancer, large mersenne prime numbers, golomb rulers, studying asteroids, climate predictions, detect earthquakes and a whole bunch of other math stuff.

They all "mine at a loss". Only bitcoin has been the first distributed computing project that has an economic incentive, yet early miners all mined "at a loss".

Bitcoin is obviously a medium of exchange, but it is also arguably both a unit of account and a store of value. However unlikely it can be dragged down to $1 at this point in time, it is still all three.

People can save it and use it later, so it is a store of value. One that can go up and down, just like silver and gold.

It can provide a common base for prices, particularly with all other alts, so it is a unit of account.
It is something that people can use to buy and sell from one another, from hardware, to airline tickets, goods and services, so it is a medium of exchange.

For bitcoin to die, they need to kill the internet and shut down all electric power world wide.

Again, I will repeat what satoshi said so many years ago: If you don't believe me or don't get it, I don't have time to try to convince you, sorry.

If that's the only improvement of bitcoin over metals, I'd say that's a pretty good property: the ability to dump them fast, almost anywhere in the world, and bringing them with you across international borders if you have to travel.

There was a post by Ralph C. Merkle.

That's business for you. They're smart you know. Make money out of thin air.

I get at least 33% off almost everything in Amazon ... but I have to wait a bit before someone buys it for me.

Wife, daughter, son, brother, sister ... If you've got enough money to buy half a million bitcoins.

I cook chicken. I got a deep fryer for that.

1. Put oil in deep fryer, plug (to turn on)
2. Get chicken, coat breading or whatever
3. Put chicken in deep fryer
4. Wait 5 or 6 minutes
5. Unplug deep fryer, wait 1 minute, scoop up the chicken.

I feed two kids, 4 and 5 year old.

They have the biggest return on investments. Calculate how much you spend on each child. Some families have 5 or 6. 20 to 30 years later, they each make maybe 50k per year so 300k total, if you took care of them. More if they are smarter than you. Not counting all the fun you should have had all that time, (and all the problems too, of course.)

If you live to be a grand parent, well, they say they have the greatest joys... 10+ grand kids who you don't have to take care of at night, just play with them during the day. Unless you're still supporting your children (and grandchildren) because they suck. Well, that's partially your fault.

Yeah, its more than just economics. I mean, if all your kids are bummers and failures (which means you are one too), then that really sucks. Even the poorest countries with the poorest peoples, come out with great kids.

Early in life, one of the better investments is in yourself. Get educated. (Debatable whether that's from a formal school or not). But at least learn how to live a good life. So many sites and books out there that give lists or steps of things that you should know how to do, or be able to do. Some examples:

A man ought to be able “to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly.”

Some other things more "modern" would include:

1. Know how to change a flat tire, even if you don't do it yourself.
2. Learn how to dress up.
3. Know CPR.
4. Fix things in the house.
5. Swim
6. Run fast
7. Lift heavy stuff. (Barbells!)
8. Know one or two (or more) martial arts, don't need to be a black belt (just remember some Asian countries "force" all their kids to learn to this level by highschool.)
9. Get a degree if you can. Whether you use it or not is another matter.
10. Load, shoot, and clean a firearm.

I'm sure there's entire webpages full of these things. Go make your own.

That's what I'm trying to do. However, a bunch of things around the house still need to be done by man, either traditionally, or because she can't do it. I do all the electrical and carpentry work and fix random things that get broken. She does the dishes, (I do them sometimes) but I usually throw the trash out. And of course, I set up the wifi network at home, so she can do all the insta-facebook-twitter-youtube, while I do all the bitcoins (and altcoins.)

I'm not sure this is the thread to talk about firearms and it's usefulness and other crime stopping properties, but since it's being discussed, I will say "Good Guys with Guns stop Bad Guys with anything." And the famous "When Guns Are Outlawed, only Outlaws will have Guns."

I dunno about you, but if there's a zombie apocalypse or some riot right outside my house, I'd prefer to have one. Better to have it and not need it than need it and not have it.

I'm biased because I'm a soldier. But whatever.

what's the list about?

Interesting.. No, I have nothing to do with that. Really.

Obscenely rich nefarious actors are better off buying tons of bitcoin from dark pools or direct elsewhere and dumping the market in exchanges. This will drive the price down. You don't enrich anyone except whoever you originally bought the bitcoin from.

The miners that don't agree to this, would not be on SegWit2X. There is no private key for this address, but the redeem script has been published, so anyone can spend whatever is there.

@Icygreen, how thick is that $45 plywood? 1/8? 3/4 inch? I got one of those minivans that supposedly can fit plenty sheets of plywood when you fold down the seats.

The solution or hack to professional pick pockets is an anti-pick pocket thing. Maybe pockets with zippers or pockets or jackets with wire lining to prevent knife slashes. Or you put the money in a bag which has an anti-slash wire through the strap. Or just be more aware of what's going on. Or pockets inside your pants (not outside, I mean, inside the pants, internal.) Or a small bag around your neck, under your shirt. Stuff like that.

But if the pick pocket is good or very good, they might still get your money. If they stick you up at knife/gun point, well, that's outright robbery. Depending on the circumstances, I'd either let them have the money or let them have a bunch of lead.

CoinJoin, JoinMarket, Shuffle-what-ever-thingies. ... taint is pretty much useless if someone knew to mix or premix bitcoins. Granted, it's not being done by "normal" people yet, only those in that irc chat room or something that do these transactions. But it will catch on.

Or, just atomic swap it from bitcoin to another alt, then back. Or buy the coins from a miner from mined blocks; (which might have a premium.)

There's something coming up about private transactions, or schnorr signatures ... and if the value or amount of bitcoins is small enough, you can easily do it yourself maybe. Not sure. It's new. I don't know who's testing it, I'm not in that loop.

In the meantime, the tech I already mentioned allows you to mix your transactions with others at the time you need to do it, maybe delayed by a few minutes or so. I would just personally mix my coins first before spending them myself, instead of mixing and spending at the same time.

Batman was secretly Bruce Wayne ... you need an ID for verification? (I don't have any extra's now, all 10 of my passports have my face on it.)

I think this latest fork is sort of in consensus. It's not like the forced fork because of a DAO hack. I don't hold much ETH so I guess I'll wait and see. Maybe I'll buy some.

At least 350,000.00000000 BTC. Unless he burned it all into BCH.

I'm liking my hundreds of magic internet unicorn money. I have millions of other alt-magic internet unicorn money. I also have billions of dead alt-magic internet unicorn money.

I think Trezor should cap the time limit function to 24 hours, or even less, and not keep doubling the seconds or time. What if you are like the author, who legitimately owns the device? Although you should make sure to have a proper backup, not some orange paper that can be thrown away by an "evil maid". In the meantime, if the trezor was stolen by a thief, he still can't "brute force" the PIN code in any reasonable amount of time.

Or, you could buy more of that coin with your bitcoins, if you feel inclined.

@Bob ... more than a thousand coins?

Yeah! Awesome for you!

That's about how much money Bill Gates said he though most people would need to be comfortable without running a charitable foundation like he does. Or if you have more than 10k BTC, you could be like him and say "I have no use for money. This is God's work." And then go out find a cure for cancer or polio or fly a shuttle into space, literally go to the moon.

It's been that way for awhile. I'll look it up, something about distributed computing. I remember when I used to look for digits of pi for free, or folding proteins, or looking for aliens. Just like in bitcoin, it was fun overclocking my 300 mhz Celeron to 350 mhz, then interesting when GPU computing came into the picture, boring when people started farming GPU clusters, and I don't know if ASICs or that other thing FPGA ever got into the picture.

I saw DES get cracked by some 300,000 chips in a few hours, with the help of distributed computers.

The bitcoin network in 2011 was already more powerful than several supercomputers worldwide. Today, its a lot more powerful.

I can't seem to find it right now, I'll go look some more later, or maybe someone else can find it.

It looks nice up to 19k C$ ... for now.

If someone offered me a pizza ... I'd take the coins instead. But then no one is going to offer that much anyways ...

My quick research shows two current production models: Huracan and Aventador. The others are all older (and thus, no longer brand new.) *edit* seems there's a third one called Centenario, but they only made 20 coupes and 20 roadsters or 40 cars total, all of which have been sold.

Lockdown in Transformers: Age of Extinction is a Black or Dark Grey 2013 Aventador.

I'm thinking the Huracan, even the base model (as that's the lowest priced) is a good place to start. It's still at least 250k USD.

I live in a densely populated urban center, but occasionally drive some distances to ... beaches, for example, on wide open highways (where there are lots of traffic cameras, so what's the point unless you don't mind paying the speeding fine.)

Oh, is that where you live? G licence? That's a problem as I to, have no influence on the local authorities there. Where I come from (and I'm assuming where you once were, or if not, maybe where your parents or grandparents came from), ... being in any government position has it's fringe benefits. I'm speeding and counter flowing sometimes, and no tickets. Spotless driving record. Most of time I'm "law abiding" and just "being good."

I did get a ticket for a broken tail light, and the guy knew who or what I was; much respect to him for doing his job. I paid the fine and got my license back.

One day, when I'm there, I want to join the OPP (Ontario Provincial Police) or TPS (Toronto Police Service), but will most probably prefer to be CF (Canadian Forces), cuz I like the CADPAT uniform look.

I can't blame you. Just do three years of almost nothing and you're on the sunshine list (the government 100k annual salary list) it seems. I wouldn't call it almost nothing, but ... it does take some guts to do whatever it is they have to do.

I have other reasons for joining ... but those might not be applicable in a few years, or a few months from now, depends.

Oh, sorry, I thought you came from somewhere else, my mistake.

I don't want to wear the full uniform unless I'm actually authorized to do so. It also looks sloppy if you only wear half or part of a uniform, I see that all the time in other countries.

I don't want to be caught impersonating an officer unless that's actually part of my job (if I become some sort of spy or secret agent or something.)

Try this?

1. Move coins to an address you control pre-fork.
2. Wait for fork.
3. After the fork, move BTC coins to another address you control. This is the time you apply any opt-in replay protection, or if there is none, just do it anyway.
4. Move your fork coins to another fork coin address. You should be able to do this unless it got replayed on the fork chain, in which case you move that to another address.
5. It's possible you may have to repeat 3 and 4 until one or the other chain doesn't recognize the transaction anymore or the coins are split into different addresses.

The time between 3 and 4 should be right after each other, so before you do that you should already have the fork client wallet running and synchronized with the fork chain.

It's safe because you control all private keys at all points in time, even without replay protection.

Users who ignore forks won't be bothered much, even without replay protection on the forks, as long as they don't reuse any addresses. See if something happens on bitcoin, like a transaction, it can or will happen on the fork. If you ignore the fork coin, then nothing happens to your bitcoins. Essentially, abandoning your fork coins makes them valueless. If some hacker gets the replayed coins, then the real owner may complain or report about this, then the fork coins has no value to the bitcoin owner.

If there is some sort of replay protection even if done manually or through some special address or what, a lot of people will just do that, dump the fork coins, and buy more bitcoins.

The other way around does not seem likely, unless someone wants to gamble.

All an exchange needs to do is not support the fork coin and not give any of them to the owners, and say they got hacked, and fork coins get stolen by hackers. If the volume or amount of fork coins is large enough, that will drive the price down close to zero.

Again, the other way around is not likely to happen.

So... SW2X futures? Are going to zero, because, it's not going to launch. What about all the traders who already cashed out ... The ones left behind rekt?

There's about at least 600,000 transactions per day. I used to do hundreds of them every day ... sending to 1dice addresses.

They conceded, nothing to talk about now. The tx fees suck because the value is so high, but otherwise the system works fine. I've learned to look at bitcoin (the one and only, and there's only one left now it seems) as just bitcoin, and not to always refer to the exchange rate. Think of it like moving to another country or taking a vacation to visit one. The currency is different, the prices are sometimes cheaper or more expensive on many things (and you calculate in your head how much these same items are worth in your own currency)... You can't keep doing that.

Of course, very few things are priced in bitcoin or pegged to it. People think of the dollar or fiat equivalent or rate all the time.

I've done plenty of wires. The fees are high relative to how they were a few years ago. I am not complaining about the fees, everyone else is.

My favorite transactions are the ones valued above $100k USD, sent to 50 different addresses, costing about $10 in tx fees, and confirming within the hour (or two; doesn't matter). But to me, they are all just bitcoins and satoshis.

uh... Bitcoin Cash is not Bitcoin. It had replay protection so it is it's own chain or coin now, but still an alt. It's like CLAMs.. an alt that gave everyone who held BTC, LTC and DOGE some CLAM. So BCH gave everyone who held BTC some BCH.

Bitcoin.com is not Bitcoin.org.

If you paid $6 to move $40 worth of bitcoin, and it confirmed, you would pay $6 to move $400 or $4000 or $40000 or even $4 million worth of bitcoin, and it will also confirm. (Well, maybe if you used more unspent inputs then you'd pay more than $6 but I think that's acceptable for a $4m transaction.)

I recently (a few months ago) paid $10.84 to move $833,092.49 split among 3 people.

Of course, since you said it yourself, so you couldn't have said it any better, only the same as, yourself. The wrong horse sometimes is the second one that came after the first, but I'm sure you could think of the alternative, or the alt. for short.

BCH would have been better if it forked with it's own address format, it's own PoW, ... but no, they didn't.

I agree. It's an attack. Sort of like a 51% attack, but thrown at a different angle. Or maybe it's a form of Stress Test. Maybe the guys behind it are actually White Hat Hackers doing a pen test. But they couldn't just make their own alt with the larger block.

Novogratz been buying ... he's like a traditional hodler. Buy. Buy. Then buy some more. He also bought ETH and some other Alts.

You are?

Once upon a time, I bought some LTC at $20, then sold it the next day at $40. It was luck and timing. (Well maybe I paid a little attention back then.)

Shovels can haul more dirt than forks, because forks have a lot of empty space in them.

These days, I'll probably use a backhoe.

It was real, it was ... December 2013 and January 2014 ... and it was on BTC-e. But my trade was small enough not to be noticed, only about $2000 USD worth at that time. People were going crazy over LTC, so I decided to buy some, with the intention to HODL..

When it doubled, I sold it all ... it kept going a little bit higher after that, maybe up to $50 or $60, then ... well, history.

I think I might buy some just to HODL, Charlie Lee is an interesting fellow and people like him.

No one answered this question. The minimum fee that is less than 1 sat is zero.

That doesn't help much unless the scaling issue has been fixed at that point where zero fees ends up confirming within a day or two and people only pay fees for faster transactions.

The current minimum relay fee is 0.0001 for any transaction.

I used to send zero fee transactions, but that was 5 years ago.

I'm not exactly sure how Lightning is going to work, but I am almost certain that most people or entities that will open channels will close them within the day, probably a few times a day, or twice a day. So settle twice a day.

If it were like one of my transactions, that's maybe $1m "settled" paid with $100 fee. Even if it were $1000 fee because of more inputs.


Who here isn't a multi-coiner with over 100k (USD I presume) in networth in coins ... even if unrealized. All I did was join a half dozen ICOs last year and now I have 100k. (again, unrealized, but who cares, just HODL right...)


noobs. hehehehe.

I'm not sure where you get your quarter-million number from. Bitcoin before gets us 3 to 4 tx/s or about half a million transactions a day, with Segwit that doubles, and if sometime in the future the blocksize is increased (the proper consensus agreed way), that doubles again. So we have 4 million transactions a day.

Each of those transactions can be Lightning'd, as opening or closing a channel is just one transaction. So that's 4 million times maybe 1 million, or about a trillion transactions per day.

This does not include any other off chain scaling solutions or payment channels that are not Lightning, such as inside the same wallet (coinbase to coinbase.)



What I meant is that on LN is about equivalent in total value to one of my big transactions.

The second sentence means the first sentence is false. By trying to be the dominant Satoshi derivative, you're trying to kill Bitcoin. (Bitcoin already includes Segwit, no need to be redundant.)

You're all old-timers. There's a minimum relay fee, which, if included, will get relayed by almost all nodes. It used to be 0.0001 (or ten thousand sats). If the fee is any lower, it doesn't get relayed. Confirmation is another matter.

They can always participate in other threads, those have different mods. This one is particularly special. And again, they are free to launch their own threads. He already did and it's self moderated too.

This one says 10 million.

https://en.wikipedia.org/wiki/Millionaire

But by definition, it should be anyone with 2 or more. Maybe 5 is a good number as that is what supposedly Bill Gates implied as comfortable for a lot of people who don't overspend and run charities.

And add to that the "real" bitcoin futures derivatives and later on the exchange traded funds derivatives, and the large banking fractional reserve derivatives.

I asked for one, I have not yet received one. I just noticed it today, so I sent them an email asking for one. Let's see if they give it. I'll run it for a week or a month. Then either sell it or have it hosted in the North Pole with Santa.

Yes, they accept Bitcoin... (if they're not confused about which one it is.)

About 1 BTC gets you 5 miners (the minimum order) and 5 PSUs ... and probably shipping.

According to mining calculators, you should get that back in 2 or 3 months. If difficulty goes up by the time they ship in March 2018, or even April 2018, suddenly your miners need 3 to 6 months before ROI. Maybe more.

Bitcoin has some Confidential Transactions and you can already do Coin Joins, or Join Market or Shuffle Huffle Puffle Mimble Wimble or some Harry Potter reference or something, and even a bunch of mixers are out there. Privacy and anonymity is not as big of an issue, it can be done, it's just not being done on a large enough scale because it's not easy for the average user.

The average Bitcoin Core or Electrum user can just use Coin Control and do his own mixing (or non-mixing) or just bouncing it off a bunch of addresses, and that's without sending them to exchanges.

Well, the altcoins and alt-ICOs are good for moar speculation, and moar profits. I'm not even a very good trader but I made a bunch of still unrealized gainz. Buy and hodl works there a little better, but the problem is knowing or guessing which ones are better to hodl or dumpl.

I don't like it anymore than most people like it, but it is our duty and obligation. Leave it to them to mismanage our funds tho.

I'll quote you. I read what you post. I find it interesting. Doesn't change my mind about holdings and I have more than just the forks too. And yes, I have gold and silver too. Physical. My ring is tungsten.

Even when blocks are full, I just pay $1 worth in tx fees and wait the next day. Sometimes it still confirms in 20 minutes even with that low of a fee. All my transactions are intentionally noninteresting, I try to blend in with the crowd. Sometimes I'll use a Coin Join too, just so I can get tainted with a few hundred others.

I should just hodl, but I have stuff to pay, and it's good that I'm actually using crypto to pay for living expenses, and toys.

End of the month episode ... I'll be watching it anyway.

Not that I know of, I just meant it's airing on a future date. Markets may be affected after that date, although I don't know how much or what. That's at least 2 to 3 million viewers on that day, and a bunch more when it reruns or replays.

I'm not too fond of seasteading, I've never tried it. Maybe I'd like to buy some large plot of land and build a house there, or some castle or maybe just even a regular normal building. Pretty easy to stay "normal" and blend in the crowd and live a peaceful life that way.

Proof of Stake coins?

See you at $1m then.

Where are you right now and what's the difference between Netherlands and Canada as far as Bitcoin (and other crypto) is concerned? Both seem to have localbitcoins ... but I'm guessing you're looking at exchanges that exist there, or you just want to be a good guy and properly declare your capital gains.

Both countries have at least a dozen exchanges and you could always wire transfer from outside those countries. Without using Coinbase.

*edit* if you hang around long enough in any country, you'll find a few "dealers" who will gladly exchange for you without asking questions, but ... maybe you want to properly declare your taxes and stuff.

So... If you sent all your BTC to a 1dicexxxx address, and got back 98% that's gambling right?

You have BTC. You gamble it on a BTC only dice site (or any other BTC only gambling site) that does not accept fiat. You don't have any profits because you just lost 2%, if you played a game with a 98% chance to win, if you won. If you lost, well, uh, you lost everything. You could play a game that allows a 100% chance to win with a 2% house edge maybe.

Your win now is from gambling. You're not selling BTC to gamble, you are gambling the BTC itself.

Or the IRS does not see it that way? You guys are f**ked uh no matter what.

What are the confirmed facts of the bitcoin failure? You're talking about the bitcoin, not the vcash or the diamonds and supers and golds, because all of those others are not the bitcoin.

I don't have a problem so you can't see it, I was replying to proudhon. I don't quite see the facts (or it's not clear to me.) Sorry.

I'm just using the only bitcoin I know, the one where it seems everyone is tracking to $11k USD / $14k CAD / $9k EUR.

I don't have any BCash, unfortunately. Sold it all around $2800.

If a miner uses a mining pool, mining gets centralized on that particular pool, by that pool operator, unless it's something like a p2p pool.

A long time ago, if a pool got too large, miners would voluntarily switch to another pool, or the pool itself would not accept new miners and direct them to other pools. I don't see those pools anymore, ghash, deepbit, btcguild ... maybe they're still around in some form or another name or something.

Would you say that anyone who says that Bitcoin is a Store of Value, a Unit of Account, and/or Medium of Exchange is wrong then?

What's with that particular month / year? June 2011?


Are you saying Andreas Antonopolous is wrong? Are you also saying the core devs, including Satoshi was mistaken in implementing long targeting in the client software? Are all these fast block fast adjusting coins any better?

I bought my first bitcoin in 2012. I don't have much today, because like some others, I spent most of it. In between then and now, I earned and spent. What does that make me?

100x seems to me to still be possible but over a longer time frame, maybe another 10 years, which isn't so bad. It might even be sooner than that according to several other people.

If you have 10 bitcoins today, and just hodl it at least 10 years, you might be looking at a million USD each. Not extremely wealthy, but considerably more comfortable than today. The trick is to not touch it. Which is difficult for some of us here who have no other source of income.

I haven't been employed for about 3 or 4 years now.

I was made aware of it around 2012. Maybe even earlier by a few months, by my bitcointalk was registered March 2012. Maybe because Gox was already existing then, what happened to me personally was that there was already a price, and there was history from $2 to $30. I bought my first one for about $10 or $20 after it had already crashed from $30.

And, of course, the first thing I did was send it to 1dice.... (satoshi dice address) ... lose, win, lose, win, lose. And I'm actually reading up their old thread, and I see a few of you guys in there ...

I did not think it was a scam when I heard of it, I read the white paper and went to the official site, got the core wallet (which wasn't yet known as core), lurked a bit on the official forum (this one, there was no other forum), read the mailing list, signed up ... and promptly gambled my 4 BTC. I won't bore you with the rest ... (satoshi dice, prime dice, rolling, and a bunch of others ... then just dice ...)

For you guys who are just plain hodling, you may consider funding some of these old time ones with a little bit of bankroll, the house always wins.

So, let me get this straight:

1. You say that Andreas Antonopoulos is wrong.
2. Bitcoin is not a store of value.
3. Bitcoin is not a unit of account.
4. Bitcoin is not a medium of exchange.
5. Bitcoin is not decentralized. (thousands of full nodes, thousands of miners, dozens of pools, bunch of devs who all joined voluntarily.)
6. Bitcoin is a scam. And a lie.
7. Bitcoin is worthless.
8. You bought silver paid for with bitcoin.

You looking for AI that gathers market data and makes predictions based on that? There are a few coming out, a few more others that make the claim, and a few with some ICOs.


And since no other coin uses Segwit, you can just call it Bitcoin. Because that's what it is.

bcash is what bitstamp and cryptopia called it. Maybe not anymore, but they did.

You do not have to claim a gift of less than $10,000 for the IRS, for every person that gives you a gift. Or some other amount called an "exclusion", which is a dollar limit per tax year.

Or you could always run a blog, with a donate button, claim all those donations as income, taxed at the proper rates.

However, I am not in the US and I am not a US person or citizen, so ... you'll have to ask your CPA / ATTY about that.

You can use that bigger block coin now. No one is stopping you. It does have lower transaction fees.

Are you saying that Andreas Antonopolous is a pumper?


You may have missed my other post (or maybe you ignored it, I dunno) so here:

1. You say that Andreas Antonopoulos is wrong.
2. Bitcoin is not a store of value.
3. Bitcoin is not a unit of account.
4. Bitcoin is not a medium of exchange.
5. Bitcoin is not decentralized. (thousands of full nodes, thousands of miners, dozens of pools, bunch of devs who all joined voluntarily.)
6. Bitcoin is a scam. And a lie.
7. Bitcoin is worthless.
8. You bought silver paid for with bitcoin.


You can eat gold, but uh, that's expensive dessert.

Yeah, bitcoin isn't gold. It's been called gold 2.0.

And so ... bitcoin is also worthless but you were able to buy silver with it. That's not a scam? Or rather it was a trade for something you had, which you didn't value, for something which you think has value? Bitcoin for silver.



Yet the guy didn't have much bitcoins because he spent and used it. So he was pumping bitcoin for nothing. (Unless he planned on people donating to him recently; which I find unlikely.) I don't recall any of his talks as sounding like pumping, and his earlier talks didn't sound like a use car salesman. Perhaps that has improved with time as he speaks much better now.

Anyway, thank you for all the links to your posts, I think I will read them. You are an interesting person.

But I agree with you, Max Keiser is a pumper, sounds like one too. But he's been saying that since several years ago, while at the same time giving away bitcoins to people he meets.

That sounds like a business, you know, in the real world. That's how they operate, but of course I have a factory, I hire employees, they work for me. I hire managers and supervisors to handle a bunch of employees. The thing is almost on autopilot or cruise control.

Because if you have to micromanage something to make profits, that's not a business.

Incidentally, I read all your posts on steemit, or at least the ones you posted in your reply to me. I don't agree with about half or more of them, but hey, they were an interesting read. I think I've read some of them before too.

I say bitcoin is going to a few trillion dollars. You can call me a pumper for saying that.

Again, roach is wrong. Don't mind him. I just read all his posts on steemit and most of it doesn't make sense. He does get paid for every clap or something like that.

Well ... I doubled my bitcorns ....

Thanks.. It wasn't much. Just single digit, now double digits. This happens only once every two or three years, or I've managed to only do it twice so far.

I make more bouncing around the alts.

Still double digits in unrealized BTC, but up about $50k USD in double unrealized fiat dollars. HODL.

Yeah... after the past several pages, you other guys have your altcoin already, so you can get that, use that, do whatever you want with all that bcash.

All these characters remind me of Sith Lords ... they keep telling us we don't know the power of the dark side.

You know, fear is the path to the dark side. Fear leads to anger. Anger leads to hate. Hate leads to suffering. Suffering leads to losing all your bitcorns. (Buy yay, we now have bcash.)

I'm going to get a lot of flak for this, but Windows 10 isn't so bad.

Granted, I "modified" my OS so it doesn't auto update, and turned off all the suspect "malware / spyware". I confirmed it with network tools and wireshark and ethernet sniffers. Nothing in or out (not even encrypted unless I was using tor or a VPN).

Of course, I don't use IE. I just use Windows as the OS, everything else is an app ... firefox, bitcorns, gpg ... all free too. Got the license from school.

A lot of linux distros have md5, sha1, and even sha256 as well as GPG signed messages sometimes.

Even MS has hashes for their images. I got my key from an educational institution (school or colleges usually have some guy that has MSDN access).

As for uninstalling Windows 10, of course I can't do that, as I did a clean install of it, not an upgrade.

Awesome, that's brute force right there. All possible combinations. Takes a lot of work to do manually the more predictions in a row you need to get correct, but I guess it can be automated.

I would just roll some dice about a hundred times (256 bits needed huh), they don't even have to be casino grade. Or shuffle a deck of cards. ... That opendime thing looks interesting too.


I found some code before to generate paper wallets, and dice2key, and nobrainer ... they take input from your keyboard and combine it with other randomness from your computer to spit out completely random private keys.

Here's a paper wallet generator with source code: https://bitcointalk.org/index.php?topic=361092

And here's the dice2key one: https://github.com/swansontec/dice2key

But I seem to have found another one similar somewhere else, I have saved it locally on my drive but you may want to go look for an open source version and compile it yourself.

For paper wallet purposes, both bitaddress.org and vanitygen will work just as well. You could also go with something like Warp Wallet and a bunch of random words (or again, dice rolls.)

For you paper wallet guys, I suggest you do not laminate the paper. If you do, I suggest you keep an unlaminated backup together with the laminated paper. Lamination does things to the paper. Paper on its own will last hundreds or thousands of years.

For you wood, metal, steel, titanium wallets users:









http://diyourself.ru/technology/a-stainless-steel-bitcoin-wallet-do-it-yourself.html






I've also seen a tungsten block, but can't seem to find it at the moment, it should be buried in my thousands of posts.

I like them. They're the conservative bitcoin types. Also like JJG, for them the reserve crypto currency is still bitcoin. They trade mostly or almost exclusively only bitcoin.

I, on the other hand, am making my gains from alts, but at the end of the day (or week or month), I trade them for bitcoin.

Buy bitcoin and hodl is the least risky move you can make. Buy others and do something with them then back to bitcoin is how you make faster, but riskier gains (or losses).

Then if you're like roach, you don't cash out. You gold out (or silver out.)

They would need to phase out legacy addresses slowly, while allowing usage of old ones. They'd take several months before supporting Segwit only. Or never.

You can still use uncompressed legacy addresses today (but why would you when you can do compressed.)

Disagree.

Agree.

Disagree.

There's only one bitcoin, and everything you said after that didn't make sense.

Silver and gold are boring. Crypto is fun. And, while some people here are just hodlers, some are traders (even day traders) and some are miners, and some are stakers, and some just make a percent of various transactions and make more money, or more crypto. Which you can then use to buy silver or gold, if that's your thing.

It may be a Rube Goldberg machine, but one that, if you know how to use it, can make you more money, whether that's more crypto, more silver or more gold.

I have a Rube Goldberg machine that pays my rent, another one that buys me groceries. I'm fine with that. It may not last forever, but that's okay too.

I'm talking about the same bitcoin a bunch of these others guys are talking about. The one where you can download the wallet from bitcoin.org and usually linked near the top of this very forum.



Have you been living under a rock? Or maybe under a pile of gold? Maybe you're a dragon, they like to sleep on top of a pile of gold, because gold is soft, compared to other metals.

is dead. His pyramid is defunct. He was a former Fed official too.

Of course, John Exter lived in a very different era than today (he died 2006, three years before bitcoin), and while he did found the Central Bank of Sri Lanka, the exchange rate of the LKR to the USD has been declining ever since. So it's worse than the USD, which, according to recent news did it's worst year in 2017.

During his time, gold played a much more significant role in the global economy than it does at present. Canada recently sold almost all it's gold, and they have one of the top bullion refineries for bars, coins and rounds. It's not surprising that Exter viewed gold as being totally unique.

But that was before the advent of crypto.

After all, when 2008 happened, it wasn't gold that rallied. Gold actually declined by 20%+ at points during H2 2008.

Of course, this doesn't mean gold isn't viewed as a safe haven at all. There's just no gold standard now. Hasn't been since 1973 or 1976 in the US.

Most nations abandoned the gold standard as the basis of their monetary systems at some point in the 20th century.

You might want to look up George Franklin Gilder, tell me what you think of him.

Exter died before he could properly update it. I have PMs too, so I'm not a hater, nor am I a shill for BTC. I also hodl alts. I'm just a hodler for hire.

Mine was like this:

Epsiode 1: The Phantom Bitcoin
Epsiode 2: The Attack of the Alts
Epsiode 3: Revenge of the Miner
Epsiode 4: A New Bitcoin Futures
Epsiode 5: The Spammers Strike Back
Epsiode 6: The Return of Satoshi
Epsiode 7: The Bitcoin Awakens
Fork One: A Bitcoin Story
Epsiode 8: The Last Bitcoin

And the one everyone wants to forget: The Bitcoin Holiday Special

He's not wrong, but it would be good to be able to quickly trade his gains back into BTC.

I do alts too, but in the end you need to either get back into BTC or into fiat, if there is a direct exchange for Ripple/USD or Stellar/USD.

There are tons of small altcoin only exchanges that don't ask for any info other an email address.

Wheeeee! My double digits is halfway to triple digits. Hodler for hire.

So, I spent $15k USD, with change and paid a $10 transaction fee, and it confirmed in 32 minutes. That's not too bad.

JJG, you won't like my answer, but I confirm what Rosewater says. To me, they are tools. I avoid the obvious scams, but for example, in roach's eyes, even bitcoin is a scam, sooo....

I did get some free Ripples from a long time ago, sold them all a month later and got maybe a whole bitcoin for it (valued at $500? or something). Can't complain, it was free.

If you want to know which alts I have, send me a PM as that's off topic here. Even the mention of alts (except to joke about them) isn't well liked here. But at the end of the day (or end of the week) I trade those alts back to BTC.

I am not a day trader, nor have any bots. I just buy low and sell high. Sometimes I buy high and sell low, but so far I've been averaging positive. I hold for several weeks or months, so some of these things I got middle of 2017, before everything went up.

I missed the big ones. Got lucky (fate? destiny? right coin at the right time?) with a few, and there are a few very long term hodls I have because I know the dev... (yeah, roach is gonna say this means a centralized coin ....) or the dev knew me and reached out.

I don't like mining, but some of these are POS coins (proof of stake), and a couple of them even have "masternodes" (yeah, not Dash, I wish tho, right, who doesn't want a $1m USD node)...


I'm also currently technically unemployed, and have been for about a couple of years, so I have to survive by spending my bitcoins, and I have to make sure I don't lose too much any gains I make. This forces me to be very careful with my trades, or which ICOs I "donate" to, or which airdrops I join (well, some of them anyway, cuz airdrops are free).

One airdrop back in July? or June? 2017, held the coin for 3 months, then it was going to fork or something so I went on an exchange and my free coins were worth 2 BTC, valued back then at $800, or whatever the price of BTC back in July.

I don't know if it's luck, but it's repeatable, the only problem is, right now, I'm not so sure which particular coins you should repeat it with. I have some bets, and again, I am careful, but I am not a stock picker, I'm not a day trader, I just HODL.

My plan in Feb or March 2018 is to cash out some and go buy some Amazon and Walmart stocks. And maybe a small pile of gold too. I like bars. A couple of 1 oz bars wouldn't be a bad idea to just stick around the house somewhere.

I also help a couple other people to buy some coins, and HODL it for them. (yeah, they trust me) ... since it's their money, they keep the gains, but since I'm the HODLer, I get a small cut.

So ... wheeee?!

Unfortunately (or fortunately?) I didn't get any Ripple or Stellar. I got other ones instead. (edit: I got free Ripples then turned around and sold them the next day.)

PM me at your own risk. I will shill you some alts.

This is probably the end of my gains for now, I'm not going to trade much anymore. I figure 50 BTC is worth $50 million in about 10 years, so that's more than enough for me, even if I end up spending half before we get there. I am still hodling a couple others ... you never know. As Novogratz would say "Bubbles are Bubbles, but you can make money." Shitcoins are still shitcoins, but you can make money.

I also have one billion stack coins if you want... not worth much these days. I hodl'd that to the death of the coin.


Losing the wheeee. It kinda rubbed off on me. Sorry about that.

Uh ... I run full nodes and have paper. That's not insane. ... But yeah, I still don't have a hardware wallet. My hardware are old servers disconnected from the internet. Or old phones.

I still might get a Trezor, ... looks like a nice keychain and I can probably wave it around when I go to Japan, let people think I have something in it.



Everyone else, you're wasting time on bitcoin fork shitcoins. The money is in the shitcoins not called bitcoin. (And also not called ETH or XRP... actually, that's money, but its not even a shitcoin.)

They should just rename BCash to CCash, and say it is Crypto Cash.

When they do that, we'll stop bothering them. No one bothers Dash, but when they were Bitcoin Dark, it was a bad idea for them. When they renamed themselves to Digital Cash, or DASH for short, they got to a billion.

BCash is not bitcoin, only has historical blockchain data up to August 1, but diverged from that and is it's own blockchain. It isn't bitcoin. It may be cash. And you could consider it Crypto Cash. So maybe it should be CCash instead.


Did I tell you guys I have an email from Roger Ver? I told him "Let's start a dice site." He replied "I'm not interested."

A month later, bitcoin.com (beet con dot com), has a casino... So I don't like him very much now.

"We" believe we have da real bitcoin, the one Satoshi started on bitcoin.org and the forum bitcointalk.org. He handed those over to theymos. "We" also kicked out a dev who couldn't tell the real Satoshi from a fake Satoshi, because, that's just stupid.

Garzik made a fake SATA thing, because it isn't a real hardware RAID. In fact, he abandoned those web pages. All glory to "God Mode".

Those were in 2003. The pages in question were abandoned in 2008 and now lives on the web/internet archives. It was for linux, so you were right it powers some or many servers, but the software today hasn't been touched by him and other devs have taken over.

And for that unlimited thing, it's in the source code. God Mode. Something like IDFKA or something. But good for you your BCash appreciated in value. I may have a few more somewhere else, but I haven't bothered to look.

All you BCash people now have your own Wall Observer thread. Its in the Speculation (Altcoins) section. Please kindly and peacefully go there and never come back. Thank you. Have a nice day!

When GPUs came out by 2011, ... Yes.

The same ledger ... so lightning and segwit is the better pen, on the same ledger. Because the forks are no longer the same ledger, they are different. After August 1, I don't have the same ledger. I'd need to keep more than one ledger, because they are no longer the same.


And that's the goal, the plan. You said it. You will steal the "Bitcoin" name.


In other news, my double digits ... are still double digits... so far from you guys with quad digits... so far...

That's not how you play the game. You're supposed to buy low and sell high. (Or in my case, take single digits and bring it to double digits, now halfway to triple digits.)

I have enough to buy a house, but ... I think I'll go with a 30 year mortgage. The last bitcoin I don't spend might be worth the entire house.

Do you need help? I have a Bittrex account. Normally, you don't trust anyone else but yourself, but this is part of my job description around these parts. I hodl other people's money. PM me if interested. I don't day trade, so give stuff a day or two to get sold / exchanged / traded.

It's an account from a long time ago. It used to be called "Legacy" with a 1337 BTC daily withdrawal limit. Then I had it verified soon after they made some announcements last year, and downgraded me to 100 BTC daily withdrawal limit.

I don't know anyone else who retained the "Legacy" limit.

Do you guys remember SatoshiDice? It was all on-chain.

Then came PrimeDice, Rolling-Something, and Just-Dice. They are all off-chain. PD and JD are still around, and there are a dozen other off-chain casinos.

You buy your "poker chips" with 1 on-chain transaction. You play hundreds, or even thousands of times (or in my case, I actually did 1.3 million rolls). When you've finally lost it all, you can top up again with 1 on-chain transaction.

If you manage to win more than you began with, or you just want to stop, you can withdraw to "cold storage" with 1 on-chain transaction.

Except with LN, you can now fund/play any casino even if you first "deposited" with any other casino.


That's how I see it. Replace casino with purse.io / amazon / starblocks / coffee / walmart / microsoft / sony ps4 / bitpay / coinbase / steam / battlenet / etc.

What's a nice ATM machine to actually own so I can sell through it? In other words, it eats fiat bills, and sends BTC to the buyer's address. I've seen two or three kinds.

I plan to just stick it around the corner or buy a small space in some convenience store owned by a friend or something like that. Say I'm a miner (or a gambler with dice, or a daytrader with alts) and I need to sell coins, but don't want to do it through an exchange, I can fund the ATM machine all the time, or as fast as I can mine.

Edit: Seems the choice is General Bytes. The others brands are Lamassu and Robocoin. If you know of others, let me know.
Edit2: I found a whole bunch of them. Genesis Coin seems to be a leader, but expensive. Skyhook is open source. I'm not sure about the others.

It's the only metric they have. When you have a large percentage in volume, then the marketcap can be "real", even though you know you can't sell it all. In Bitcoins case, there's about 4 million BTC that is never going to move; perhaps more.

It's probably built in.

I don't have anyone on ignore. For awhile I read what he had to say, even went through his whole blog. In the end, none of it made sense to me, there are many errors both in logic and in certain assumptions, and he keeps repeating the same things over and over.

No, the random bs generator is built into his brain or something. That's just how he thinks, or how he expresses himself.

But I'm a nice guy, I'll feed the troll enough just so he doesn't starve, but everything he says is junk. I don't even know why he sticks around. (wait, maybe because we keep feeding him.)

I'd start with $100k, which is maybe this year or next year, we don't know for sure. $1m will come in a few short years, so keep a few set aside in cold storage or something. You can go play (and probably lose) the rest.

In my mind, between 2025 and 2035 is when all the "practical" bitcoins have been mined, or we are close to 99% mined. The next one hundred years is for the last bitcoin, and that quantity matters less, but cost of production of those last few bitcoins will drive the price of the entire marketcap.

Here is the coin supply schedule estimated:

Current bitcoins: 16 million, Block Reward 12.5 BTC
By 2018: 17 million
By 2020: 18 million, Block Reward 6.25 BTC
By 2022: 19 million
By 2024: 19.68 million 93.75%, Block Reward 3.125 BTC
By 2028: 20.34 million 96.87%, Block Reward 1.5625 BTC
By 2032: 20.67 million 98.44%, Block Reward is below 1 BTC.
By 2036: 20.83 million 99.22%
By 2056: 20.99 million 99.99%

By 2064: Less than 1300 BTC added per year
By 2080: Less than 100 BTC added per year
By 2100: Less than 2 BTC added per year
By 2108: The last full bitcoin has been added
By 2144: Mining is purely transaction fees.

Between 2036 to 2144, most or all miners will receive more in transaction fees, than the coinbase block reward.

I think 2025 to 2026 which is less than 10 years away, for all intents and purposes, all bitcoin has been practically mined, and we should see price adjust accordingly. USD is likely to be 100k to 500k by this time, depending on who you believe predicts the price.

2030ish is the decade where we see bitcoin go full million dollars or higher.

Why do you guys keep using kraken .... uh .... maybe a dumb question, but needs to be asked. I'll try to answer: there's no other exchange you can use?

You can still use exchanges in other countries that allow withdrawals through international wire transfers... I've actually tried stamp and quad. And I'm all the way in Asia.

I use Capital One. But only because they give me 3% cashback on stuff I buy from Costco. It's called something else in my country, but it's obviously Costco.

Hey guys, I started 2016 with almost nothing, just a little more than 2 digits. It went to single digits by end of 2016 or beginning of 2017. By middle of 2017 it went to double digits again. And bitcoin's price was rallying too. I took a month long vacation during summer, then went back to see my hodlings kinda doubled (in fiat value) but remained the same in bitcoin.

As Torque implied, I was probably one of those kids in 2012 who bought some bitcoins worth $1500, waited for it to double to $3000, then cashed out to buy toys or whatever. I repeated that performance in 2013 to 2014 with Litecoin (from $20 to $40, worth about another $1000).

The coulda shoulda woulda ... the 20/20 hindsight, we all should have just bought as soon as we discovered bitcoin and hodl'ed until either 2014 or 2017 (take your pic, you either did 1000% or 10000%)

Some of us did. A lot of us did not. Some got "roached" and I can clearly see the bitterness as I continue to not ignore him and read his posts (and again, they're all still wrong, he just loves his dead pyramid ,... pyramids do function as tombs for god-kings, but they're dead.)

Anyway, I missed the last 30 or 50 pages recently, was busy dabbling in alts again and watching my almost triple digits remain double digits ... but I didn't actually trade anything, I was just watching. A few of you did take me up on my offer, but the rest of your remain apathetic towards alts in general, vehemently violent against a few in particular.

While we don't understand some of them, it is interesting to note that their biggest supporters in this thread (and outside this thread) do have or revealed to have or had at least a thousand coins of BTC as well as BCH, so there is something to learn from them.

So, while I can't just yet retire on $4 million, maybe if I hodl long enough while living off the rest of my other crypto "earnings" or hodlings, some of you guys will be obscenely rich beyond imagination and I'll be content or happy with whatever I get, probably close to double digit millions, hopefully.

Still double digits BTC here ...

Maybe you have the wrong alts... But hey, seems you called a few them correctly. A quick look at my alt portfolio shows all green except a couple.

I can't count, nor did I document, the tens of thousands of trades I personally did, or the hundred thousand trades some of my bots did, or the million rolls of dice I did (do those count as losses?).

I did use a bunch of different accounts on different exchanges, some of them went Gox and BTC-e ... the others are doing fine. I managed to get some of them verified for liquidity purposes, so I can move more crypto.

But then again, I'm not a US citizen ... I pay my regular taxes from my regular job, that is, when I used to have one. I might get a new gig as a "blockchain consultant" ... that'll be treated differently.

I actually don't keep track at all, particularly for the crypto-crypto only exchanges. The unverified ones I used pseudo-anonymous gmail accounts created from free wifi on a coffee shop one city away while wearing a baseball cap. After getting 2FA set up, they are never again accessed from anywhere else but through tor.

For the exchanges where I cash out to fiat, some of them don't require verification at all (I guess because they do have my bank account info already). The ones that require verification, I just borrow someone else's ID. Sometimes I make them up using mad photoshop skillz, and they seem to work too.

As far as the government and the tax authorities are concerned, I'm a normal person paying normal taxes. They have other bigger fish to catch and fry. I'm also a part of the government, so maybe that helps that no one bothers me otherwise, fringe benefits and all that.

@Ibian, try Blue Diamond ? Altho that may seem a bit cliche too. I'd probably just get some other metal like palladium or platinum, or one of those gold plated tops I've seen advertised.

Where can I get those, are those old phones? How about more recent Nexus (Google) phones? or the Pixel 1 or Pixel 2?

I might get a Samsung Galaxy, old model, if I find one. They seem to be decent enough.

Yeah, the price of the S8 will drop when the S9 comes out, then I can tell every miner out there that I have an S9 in my pocket. ha! Then the S7 will drop in price some more.

I merit a few people. It seems there is a new system today. I found the thread in the meta section. You can read about it here: https://bitcointalk.org/index.php?topic=2818350.0

Legendary members don't need these merits because there's no point, so if we just merit each other, it doesn't really change anything. But I'll HODL all the merits I can get anyway. Argh, you can't spend them once you get them.

Let's see who runs out first. +11

We're not allowed to sell them, but uh, I have an address in my profile you can donate to.

Ran out too. Next month again. LOL.

What's that saying, our mind is like a parachute. It works better if it's open.

90%, or 95%, or maybe even 99% of the altcoin market are all shitcoins or just utter garbage. There are those few 1%, and I can't even name them because I don't know them all, otherwise I'd be trading them too.

Some are trying to do things that hasn't been done, and some of them are all doing the same things one alt is trying to do too, such as all these privacy oriented coins, the biggest of which is Monero (and I have no stake in it, I don't hold or trade Monero), or Dash, and in that one's case they have these other "features" that incentivize the network to run "masternodes" which is trending these days.

There are even CoinMarketCap-like sites for them, I count maybe 4 or 5, you really only need to look at 1 or 2.

For all cases, the good ones are indeed good buys, as well as world changing disruptive tech. File storage. Decentralized databases. Privacy. Libraries? Real estate.. it's dot-com and 99% of them are going to Burst (that one popped awhile ago, but Burst seems to have revived now.)

There are more than 2000 alts / tokens. It's a giant dart board or you could say you fire a shotgun, you will hit one of these 1% wonder coins.

Again, I have my bets, but I don't know all of them, or any of them for sure until they get big, but I've managed to trade my way or hodl my way to double digit BTCs. And I'm not even a day trader nor do I run bots (I've seen bots in action, tried a few I think.)

You can call them delusions or fallacies. Some have actual real "merit". For those, I consider them tools of the trade. Or a means to an end. In the end, it's all a gamble, I just like the odds better on some of them that few people see for now (then everyone else will see it and have their "Napster" moment, that one dies and gets "torrented", but the world changes anyway.)

Even Litecoin has a purpose. It's a Bitcoin testnet on a live mainnet with value. Because the Bitcoin testnet itself is supposed to be valueless and it's been reset a few times in the past, and idiots attempted to trade testnet coins.

I get that you don't get it. You have to go deep in the rabbit hole, not just an aerial view from above.

Still working on getting to triple digits ...

That's one reason, and also a major one. Sometimes it's not the main reason. Let's take an example. One of these alts wants to recreate the equivalent of a decentralized netflix or youtube. Without thinking twice, the first to adopt this tech would be pirates and porn star cam girls. Then some rapper who names himself after half a currency is going to accept the alt as payment for his latest album.

So there are people backing this coin and don't care about the price, they just want to support it. Why? There are distributed computing projects out there with NEGATIVE ROI such as calculating prime numbers (a mersenne was recently found), or cures for cancer, or searching for extra terrestrial life.

Like I said before, someone has to buy the pizza.

A 1000X increase is just a side effect when everyone wants free HBO and nothing can stop them.


And don't forget there are other payment processors that accept alts, some are even embedded in ios and android wallets, some are coinpayments compatible. There are open source alternatives to bitpay.

A specific example is a seller of flash hiders on gunbroker.com is accepting GUNcoin as payment. Weedcoin, Potcoin, Dopecoin, Cannabiscoin, they are catering to the medical marijuana industry. Some have celebrity endorsement. So ... let's see what happens in the next few months or years with all these alts.

Disclaimer: I have some GUN because I like firearms. I don't have Potcoin because I have no intention of buying.

You can buy stickers on the live mainnet.

Except they aren't doing that, and can't do that, and can't enforce that. Not to mention the decentralized pools.

Then a single transaction goes through, and it jumps 20 hops ... enters zcash or monero or some exchange / dice site ... good luck with that.

The only place I could think of for miners would be a cold basement, or a cold car garage. Prevent pipes from bursting. Or pre-heat your vehicle in the winter so it can start without cranking too hard on the batteries.

I went on a weekend vacation and I missed a hundred pages (give or take a few dozen). And my coins are in the red still. So nothing new. Still double digits. Going to get interesting this month.

I don't think doge is directly or even indirectly doing any damage to bitcoin (or any other altcoin for that matter.)

Where's that story about the elephant and the ants? I know some elephants avoid plants that have ants, but they don't bring down the elephants.



You need to do a little more elbow grease to get it actually listed on CMC. But yeah, it's possible.

It will pop back down to 40k, after it pops at around 150k. No source. Just gut feel. No guts no glory!

I just tried sending a transaction with $0.09 fee. I'll check how long it takes to confirm. It's 2.95 sat/B, specifically it's 0.00001 BTC for a 339 byte transaction, 2 inputs, 1 output.

*edit* It took 17 minutes to get the first confirmation.

My transaction was verified or confirmed in 17 minutes.

*Edit* I did another one again. $0.09 or 0.00001 BTC fee. It confirmed in 1 minute. Must be a lucky transaction.

There wasn't enough volume across the major exchanges. That doesn't count.

AI = Artificial Intelligence. Means it is fake intelligence.

Means, the real intelligence can still out smart it. Thus humans will control machines for a long time. Up until they are self-replicating, self-repairing, self-sustaining, and self-aware.

Yeah yeah. I get you.

There are running bots. They are good at running. Like that cheeta bot.
There are aim bots. They can aim. See stuff.
So there's robocop right there, but how does it know good from evil, right from wrong. It's going to make a mistake.

There are game bots. They play chess. They play go. That's all they know to play. So give them a break if they beat humans in a game. That's the only thing they can do anyway. They still had a hard time until recently and required massive computation and storage.

There are self driving cars. We will see how they improve. I still like to drive my own, for now.

There are sex bots. They have "family" mode too. So they try to talk to your friends and guests like normal. They try. They're still better at their first function.

There are trading bots. They buy low and sell high. The whole day. Keep the spreads small, and it will be profit. Still doesn't beat a half decent hedge fund manager, you know, the real ones that make good decisions. (And yes, humans make bad decisions too.)

Now, that's real. But nothing beats a group of humans, creating a coin from scratch, and singing it to the high heavens raking in billions of dollars and disappearing in a puff of smoke when they get a cease and desist letter. However, we call those guys scammers.

I have a bank account and some credit cards with just enough to pay the bills. The rest are in crypto. It's more convenient and you do build up a good credit rating or credit score if you pay off all your cards or keep utilization below 5%.

That or we see John McAfee do something he claims he's not going to do by a certain year.

He's not looking for sympathy. Some assholes think it appropriate to insert in every page a post about a coin that isn't the one true original bitcoin. The one that is linked in the whitepaper to bitcoin.org. And of course, this forum is bitcointalk.org NOT bitcoincashtalk.org

I have some physical silver. I'll get maybe some physical gold too.

I used to have a firearm and a few thousand rounds of ammo. There's a practical limit to how much you can get of that too, no point in getting more unless you can actually afford to keep them all in some safe storage. You can also just keep practice shooting and buying ammo to replace the used ones, cycle, or reload them. Going to become a fun hobby after that (and improve your marksmanship, because them guns are useless if you can't aim or shoot.)

And, as I've mentioned before, I keep some crypto in BTC, as well as hold some in a bunch of alts ... they are correlated after all.

I think I found it. Try this site. localcoinatm.com

I was there recently and got $6000 out of one machine an hour after I scanned the QR code. The site doesn't say which machines buy or sell, so you'll have to visit them to find out. Some only allow buys, while the bigger ones can do both.

I actually haven't been buying BTC since last year. I only sell. But you guys know I dabble in alts, so that's where I get most of my BTC from. Been surviving on crypto since about 3 years already.

I didn't know that. If you gave me a legacy BTC address (if we had some sort of deal or transaction), I'd send you some BTC that came from a native segwit address. You'd still get your BTC, and you'll likely get it confirmed in a block faster too. Why would you not accept that? Would you return it?

Who here is NOT going to sell me their Lambo if I pay in BTC that has either some segwit taint, or that actually comes from a native segwit address? I didn't find anyone who wouldn't accept my coins.

Actually, I don't think he said it. He implied that someone else would not accept BTC that came from one of his perceived asset classes. I don't think he wouldn't accept my BTC no matter where they came from, but at the same time, he doesn't need our BTC since he seems to have more than we do, and he's got nothing for sale that we could pay in BTC.

I mean, bitcoins are bitcoins. bitcoin cash is bitcoin cash. Other than that (and the other forks), there's no difference.

I'll accept bitcoin cash, I'll just market sell it all.

Want to trade some Segwit tainted coins for your legacy type coins? Would you accept a payment with segwit tainted coins?

Seems you are willing to pay the transaction fee, I'll make sure my tx is included in the next block or two.

... Don't forget Coin Join, Shuffle, Join Market, and a bunch of alts doing the same thing using masternodes like Dash. Just a matter of time before it gets widespread on top of bitcoin.

There are no such exchanges, and I seriously doubt any future exchanges will exist that deals strictly in Segwit-free bitcoins.

There is NO difference between the "distinctive classes" you have enumerated. None. There may be a technical difference, there is no practical difference. It's like saying cracking 256 bit hashes or encryption has a chance. Yes, there is a miniscule technical chance. No, there is no chance for the normal person or government, or governments. The chance of winning the lottery is higher.



There is no attack. There won't be an attack. Not while we live (for the next 50 years). If coins have no difference other than what address they came from, then they are fungible for all practical purposes. If coins are mixed through many different ways (going through an exchange, Coin Joined with hundreds of others, coming out of some gambling site, bouncing from one address to another) there is no difference among all of them, they are all valued the same.

The worth of legacy coins is the same as the worth of segwit tainted coins. It's all bitcoins. You send them to an exchange they will pay you the same rate as any other sender.

The difference is, it's a little bit cheaper to send segwit coins. It costs the same to receive them.

Not cheap, but OVH let's you add up to 500 GB of space? Get their cheapest VPS for under $5 a month then add $0.06/month/GB.

I haven't tried it yet though, someone else would have to chime in.

Apparently, $300 billion dollars says it's not obvious.

The fair market value of anything is what the market is actually paying for it.

It's like what some people do signing bitcoin messages. "As of this time, this address is under my control, and has this amount of bitcoins in it."

Then a few days later, the BTC moves to another address. But you can all see it in the blockchain.

You know, as a business, you can accept zero confirmation transactions from both BTC and BCash.

For BTC = just wait 10 seconds. Even a cup of coffee can wait 10 seconds. It's zero confirmation, but you can almost safely accept the transaction if there are no double spend attempts after 10 seconds.

For BCash = just wait about 10 seconds also. Maybe 20 if you want to make sure. After a confirmation, send it to an exchange and market sell.

For anything else that costs more than a cup of coffee, I'm sure you can wait 10 minutes for a block; and if the transaction hasn't confirmed yet, it should in a few.

Most merchants use a payment processor like BitPay, or even an open source one. Those things can be configured to accept zero conf, or use some sort of in store credit system.

Some stores will ask you for info; if you or your wallet does a double spend they can run after you.


It still works. RBF in the Core client can only be used to increase the transaction fee of the transaction, which is a good thing eh?


And I know this is old news, but even pirates won't accept BCH.

Bitcoin is so much smaller than Gold (and other PMs), which means there is room to grow.

I forgot, how is it centralized, imaginary, non-fungible and what are the built-in middlemen that don't remove counterparty risk?

(sorry for feeding the resident troll, sometimes I need a reminder what his mindset is.)

I actually want him to answer. I've been around. I suffered a lot during the last 3 to 6 months, as all my holdings were in assorted alts, and everything crashed together with BTC.

To the point, I'm now entering the "normie" world, working a "normie" job, as I refuse to sell any coins I still have. I lost some too, to two exchanges that recently died. Perfect timing. One is in New Zealand, the other is in Canada, you can guess which two exchanges, they were all over the news 1 week after I sent them some coins to try to cash out.

My formerly unrealized potential 50 BTC ... (that's all I really had) is down to ... well 90% "disappeared" ...

But the time traveler, and a bunch of "bitcoin global road map" posts I read before, I'm pretty optimistic about the future. And I still have two bars of silver, LOL. (Didn't get gold yet.)

I was one of those few living on crypto. 12 months ago, I set myself up to do the trading of these alts to btc to fiat and back and forth, and it was a good run for about 9 months.

Now it's no longer sustainable. I think I read in the news at least two or three foundations of other alts that are either downsizing or simply disappearing, or asking another team to take over. I felt it on a personal level.

And as much as I don't want to beg, any help is appreciated. I was almost afraid of going homeless next month. True story.

HODL to the death.

Same as you. I converted some. Most of it remained in the same alts, which I watched every month starting March 2018 ... all the way to December 2018 ... and you don't catch falling knives.

Admittedly, they were in alts that either had stakes or some sort of return, those I did convert to BTC every month (every week) and then converted those to fiat, to pay for everything. And it was fine and dandy until around September or October, but I still kept HODLing.

With the exception of the coins I lost to the two exchanges dying, all my other alts still have the same alt value, just not the same BTC or USD value.

While I still believe in BTC, the alts had "interest" so to speak, so I was living off of that. Now I can't, and I got some debts which I am having difficulty paying, (kinda foolish, should have zero'd them all out at least), and next week, I start a normie job working for some company.

I still keep my alts, and hopefully, the combined income from the job and the alts will enable me to keep my head above the water long enough until the whole crypto (BTC and everything else) starts going up. Seems we have hit bottom, and while any lower will hurt, ... we're going to bounce soon.

It depends on the alt. Have to do a lot of research. As much as almost everyone here hates ETH, if you had just bought into the ICO in 2014 with 1 BTC, you would have 2000 ETH. (or if you got in with 10 BTC, you would have 20k ETH.) Then all you'd have to do is sell half at the top, keep the rest for the future.

Which is probably true of a lot of alts in 2017-2018.

There are now so called stablecoins ... the correct strategy these days would be to get collateralized debt positions on them, cash out to fiat, buy whatever you wanted to buy, and slowly pay it off (as the rate is some absurdly low 0.5% per year or something.) ... But they're all in alts, not in BTC, so ... a little work to get it done.



It is. We still don't know if this is bottom, but it's low enough for all practical purposes in the long term.

Actually, no, I "earned" 50 BTC worth of shitcoins (well, I don't consider them shitcoins, but whatever) ... my mistake was not cashing them out to BTC when I had the chance, and in hindsight, cashing out those BTC to fiat (maybe some, not all) so that I can live comfortably for a couple years, and then find a normie job without worrying about the future. (50 BTC was $1m USD back in Jan 2018? Something like that.)

And continue to earn or hodl everything.

But hey, no one's perfect. Either learn from your mistakes, or learn from other's mistakes. Still think they were pretty good bets.

A bitcoin would help so much, I'm not going homeless, and I've got a family to keep warm.

You can step on a cockroach, it will probably live.


Can I get a hat too?

Hat? Hat! Go Bitcoin Go!

Is my current avatar good enough, or does he need a high-resolution one? I think this is the same one.

Uh, ... you read my current story from a few pages back? hehehe. There was at least one kind soul around here who sent me some coin, but I could always use another.

It's called a "Pershing Cap" or more generically "Service Cap" ... duckduckgo images shows a bunch.

https://duckduckgo.com/?q=pershing+cap

Don't forget that LTC is BTC's testnet, after it's own testnet. It's a testnet on a mainnet. The devs of both coins do contribute to each other's development, and of course anything the forks do, BTC can always get it (except maybe insanely large block sizes or stuff that caused the fork in the first place.)

My favorite moment was in 2013 to 2014 when I doubled my money, I bought LTC at $10, then sold it for $20. LOL... Maybe should have bought more then and just HODL it.

Avatar is not updating properly, I uploaded the scrambled eggs version a few times and renamed it too. May have to wait awhile before it shows up.

It's fine now, thank you! Maybe it just needed some time.

Someone mentioned the opendime thing. It's physical, and I don't need permission to pay someone with the value in it. I just hand over the opendime device and he's now holding the bitcoins stored in it. He can check any time.

Of course, you have to be careful with it as the private keys are on the device itself.

As for centralized transaction validators, they haven't stopped hackers from broadcasting transactions when they stole millions or billions of coins and tokens from hacked exchanges.

Sure, Binance may have frozen some funds (good PR for them), but that's a centralized exchange.


You do a little decent opsec, no transaction validator that is designed to centralize will ever not give you permission. Altho, I concede, you'd still have to pay a fee, but at least it's competitively low these days.

It's a 100 year marathon from here.

I'm actually thinking now is a good time to buy some low cost index funds or ETFs.

That's exactly why bitcoin exists, and why those centralized transaction validators exist. (plus all the stuff you normally mention about schelling points and metals.)

You can sell like, $50k USD worth every week, or in some not-too-distant-future, that would be about 4.3 BTC per month. If you wanted to, you could do multiple withdrawals from several different bitcoin ATMs every day. It could take you several months or years to completely deplete your stash if you had a sizable amount to begin with.

Then you can keep the rest and wait it out. In the mean time, you go play with your money and put it in all sorts of traditional fiat investments just so you have something to do. (or put it into all the crypto ETFs that are about to come out.)

I lost 1.5 BTC on Quad, which was supposed to fund my expenses for the next several months. And I only use exchanges for the duration of the deposit, trade, and withdrawal. It just happened to die on me at the exact wrong (or right) time I used it. Otherwise, I don't keep anything on any exchange.

Going vegan is, to some people, a phase of their life. Sometimes they pass through and go back to normal eating, but maybe with more vegetables than before. Sometimes, they stick to it.

My brother's wife went through that phase, and eventually went back to normal.

And of course, Mark Rippetoe (author of Starting Strength) says it's a mental disorder, so, shots fired! hehe.

If you think about it, some cows were raised to be food. Sure they lived in claustrophobic conditions, but they were fed well, nurtured, and didn't have to work a day in their whole short lives. They also suffer almost no pain when butchered, because some countries have laws on that.

There are some vegetarians who are lacto-ovo-vegetarians, they still eat eggs and drink milk. But don't eat meat.

I'm a budgetarian. If it's out of my budget, I can't eat it.

You do realize, as much as everyone else hates the fiat world, with $1M USD, you can safely put it in some index fund with a balanced portfolio of equities and fixed income bonds, and withdraw 2% to 3%, maybe even as high as 7% per year and it will probably last 20 to 30 years? (that's $20k to $70k per year, which is about an average annual income for plenty of normal people.)

Then you can work on things that really upgrade the way you feel. As one talk by Andreas Antonopoulos mentioned, give or donate, not just money, but time and effort to bitcoin charities. (Or even just charities in general.)

Because if gov decides to kill bitcoin, someone else will say, if you kill bitcoin, you let these children starve (or something just as bad no politician wants to do it.)

Probably both.

Seems I only used it once, about three years ago. So deleted it anyway.

The ones that live there are busy working or saving or something. My section of this forum. Fortunately, they're getting better behaved as I delete spam posts. I don't pay as much attention as I used to.

Obviously a spammer, so deleted.

Paper wallets are good. Print using Laser if possible as Ink based prints may get damaged by moisture, and the thermal prints use a special paper that can turn all black if you happen to store it in a hot place. Get a folder or envelop or clear book, or those clear plastic presentation pages you put in a binder.

Print two physical pages of the paper wallet, store them in separate plastic pages in that binder. Then make a duplicate of the whole thing and store it somewhere else.

While you're at it, save them in a bunch of USB sticks, easier to use when the time comes.

In the year 2011, where does one buy bitcoin? You had to trade it OTC or maybe even the one who bought the pizza.

Craig is paying who? Not McAfee, that guy is a bitcoin bull (and assorted alts.)

Gnome Necromancer. Rodcet Nife. Undefeated in PvP. Up to Ruins of Kunark only. Level 62 (just a couple more would have been nice.) Got banned by Sony for alleged cheating. Was moderator of a necro forum.

Lifetapped everything red.

I just did a "firecalc" for 1.5 million. Spending level of $58k. 95.8% success rate with at least 100k left over after 30 years, based on 118 total cycles, of which 5 failed. That's 3.91% of the starting portfolio.

I think that's pretty much fuckyou money, in addition to any other income you may have. Again, depends on your level of expenses. I voted a little higher, just in case.

Don't forget celebrities and sports athletes, like some champion boxers, earned $300 million, only to declare bankruptcy a few years later. This likely happened because of a lifestyle that needed $400k per month just to sustain it, not to mention all the sharks surrounding him trying to get a chunk out of the money.

The real trick is to spend less than you make. Then it's only a matter of time.

If you spend as much as you make, or even more than you make (getting into debt), then you're being fucked by everyone else. I say, $5m is a more than decent amount to consider it fuck you money, considering what a lot of people here make.

That means 5 BTC is all you need in about 5 years or less.

Oh, a job for escrow. They could do other things too. Off-market crypto-crypto trades usually, but then again, only if they both don't want to use an exchange.

Just make sure you don't lose it. If you're "storing" it anywhere, it can get "stolen" ... depending on where and how you store it.

55 is not old enough. I mean, if you die now, plenty of people are going to say you died young.

I used to think I'd live to be around 120 years old. But now, I'm thinking, if I even get to 90 or even 85, that I would have lived a good life anyway. (Or even earlier, but not too early.)

Just need to get that first elusive million, then live on interest.

There are the traditional methods of self-pensioning (without relying on government) and the alternatives are crypto, but not yet mature or stable.

And then, of course, you really need to get term life insurance. Term life is the most basic, most pure, insurance. That is why it is also the cheapest. Something like $30 per month to cover $500k for a 10 year term. You may or may not need longer than that.

I may have missed the anti-aging discussion, but I think I can guess. Or rather, I have my own ideas. Proper diet. Exercise, or rather resistance training.

Term insurance is ...

You pay $30 a month. You are insured with a death benefit of $500k. Your rate does not change for 10 years. You are covered as long as you keep paying the $30 every month (put it on a credit card or your bank account or something, so it doesn't miss payments.)

So, yes, in about 10 years, you only paid $3600. If you don't die, then nothing happens. If you do die, your beneficiary (usually the spouse or children) get paid $500k.

The rates depend on your age at the time you get the policy, and some other life style factors, like if you smoke or not, but the numbers are close enough.

The insurance company makes money hoping you don't actually die, and millions of other people got the same plan and none of them die. Or you lapse on a payment and the policy is cancelled. Or you cancel it early. They have people who calculate the odds and they are called "actuaries" who make "actuarial studies".

Term insurance or term life insurance is different from permanent life insurance such as whole life, universal life, and variable universal life. And sometimes those other things have riders and/or investment add ons, or return your premiums after 20 years. But all those extras cost more. So the insurance company makes money. They don't try to sell you just term insurance.

Usually, when a client asks for term insurance, the agent doesn't even bother trying to sell you anything else (except maybe a bundle that includes your life, your car and your house) because they know you did the math already.

More details here: https://en.wikipedia.org/wiki/Term_life_insurance

I just did a sample quote from State Farm for 40 years old, 10 year term, $500k coverage. The premium is 33.94 /mo or $390.00 annually. Or $3900 over 10 years.

Awesome isn't it?

Multi Level Marketing, or just network marketing, or word of mouth marketing isn't bad in and of itself. The bigger companies that have the so called stair step break away compensation plans have been around for 20 or 30 years. The corporate leaders are mostly Mormons too, not Jews.

non-perishable commodity ... that central banks transfer all over the world right now ... and stock exchanges transfer between users, buyers and sellers ... and also bitcoin. Maybe you're 100% wrong too. Or at least you're not 100% correct. Somewhere in between.

And ... data is protected by free speech ... remember PGP, and the printed source code.

There used to be a picture floating around of a tungsten block. I can't find it anymore, but it's probably around here somewhere.

I clicked on submit with a blank form. It says I'm now provisionally verified. hehe.

Let me know if he won't take it.

I'm probably not qualified, but may I try? I have some asset allocations in mind, but mostly index funds, a small bunch of them.

CSW has no proof, can't do it, doesn't have it. Proof has been said so many times already and is very simple. Sign from genesis block. Sign from 10 out of the first 50 blocks. Sign from known PGP key. Move coins from second to 99th block. Move change coins that were originally sent to Hal Finney.

So simple, yet he won't do it. Because he can't.

Elwar, the Philippines has some 7000 islands, so you can pretend to be some fisherman around here, but not separate from the state unless you set up in the middle of disputed waters (not a good idea as pirates or soldiers or whatever may attack). Plus the PH Central Bank and/or CEZA (Cagayan Economic Zone Authority?) gave licenses to at least 10 crypto exchanges here. (I don't know the other 8, I only use the 2 big ones.)

If you can actually go to the moon, bring supplies and stuff, and live there for a couple of years, I don't think any government on Earth is going to bother you.

Now, if you are more than 200 nautical miles away from most any country ... who is going to bother you except pirates ...

Practically, it's much easier to just live in some country and build up your own fortress and private security, and make friends with the locals.

Those two are not possible anymore, as the email has been either compromised or recycled and the bitcointalk account has been banned. The real Satoshi would have to send an sign GPG / PGP message to theymos to reactivate the forum account. Inside the signed message, he would have to sign from at least 2 known bitcoin addresses which includes the genesis block address and the Hal Finney transaction block change address, and probably a bunch of addresses within the first 100 or 1000 blocks.

I'm not too sure about the other two countries, but I do know he can probably come to the Philippines, even if he is still a fugitive, and live peacefully there. There are so many foreigners living and retiring here.

He might do well in Thailand too, but since they're looking for him, that's not a wise decision to remain in the country.

No exchange in their right mind would even attempt to delist BTC. Might as well shut down the exchange. (Except, of course, those dex that don't list BTC in the first place but use ETH or EOS as their base pair.)

Every country has a "poor" section, ... you don't necessarily have to be in that section, you can hang out in the middle class section and just be "the millionaire next door", live a simple life, blend in with the crowd, like almost everybody else.

Can probably even buy a large plot of land, build a small fortress disguised as a normal house, hire private security, make friends with the local politicians, "donate" to their causes, and otherwise get out of the cross hairs and radars of everyone else.

I get it, there are ideals in seasteading, but as we all can see, it carries a risk some of us are not willing to take. Eventually, everyone will talk about Elwar the way some of talk about buying pizzas with 10k bitcoins.

Freedom has a price.

Created tether means it can be used to buy BTC or other coins on exchanges that accept tether.

Elwar seems to have gotten his trezor to work.

There is the Opendime ... that's about as physical as bitcoin gets. (Aside from a sealed paper wallet or equivalent.)

Technically, Bitcoin is permissioned, but I wouldn't consider it like that when you can pay cents on the dollar to ask for, and be granted permission by almost everyone else, especially if you're sending larger value with less data. These so called rent-seeking middlemen designed to centralize will fight each other (opposing centralization) to include your transaction.

They're miners, that's what they do, and that's their incentive to do it.

On a digital currency forum ... I guess you just said you don't really belong here, but for some reason like to hang around. Enjoy your stay.

How about bitcoinaverage? Or preev? (which uses the average of bitstamp and kraken by default) ... Or one of the index made by other sites, like gemini or coindesk ...

Hey there fish.

Reminds me of Prison Break ... Fish ... hehehe...

Welcome! This is where I hang out, sorta ...

The tulip trust may or may not be real, but I'm pretty sure no one has the private keys to the 1 million bitcoins held by the original Satoshi. No one else but the real Satoshi anyway.

Legal entities don't protect bitcoins if any human has access to the private keys to be able to spend them.

If you guys ever decide on The Philippines, I could host private security. (I'd need to pay my small special forces team a little bit more than usual.) @mic has been there sooo ... everyone who donates a little bit gets a bodyguard for the duration of your stay in the country and escort all the way from and to the airport.

We do have San Miguel Beer.

P.S. I would not suggest any drugs in the party.

Beach is cool. Lots of undiscovered beaches. I feel it's going to look like a Tekken tournament (not the fighting, but the story of how everyone gets on the island.)

You guys need escrow?

For 3% per year, I'd trust stock brokerages a little bit more than crypto exchanges. Say what you will about fiat and regulations, but those things are insured.

For 6% ... well, that's better than a lot of CDs or GICs.

He can't debate beyond saying the same words over and over and expecting a different response.

Exter's pyramid is outdated and defunct. He lived in a different era than today.

Yeah, I saw that awhile back, I was a little bit higher in most recognized and most trusted, but seemed to have dropped a bit.

He is useful for that purpose. See, my one liner got him to reply with a couple of paragraphs of expletives.

Did you ask for permission? Or are you going to ask for forgiveness? (It's a 10k hat, maybe he can wear it.)

Still trying to survive. Normie job like other normie people. Gotta blend with the crowd.

It's impossible to defeat metals on Exter's pyramid. But who else uses a defunct pyramid except gold bugs? It's dead ...

How big would that be? Put it in the BSV blockchain, they have gigabyte blocks. The only other thing there are weather stuff.

Another scumbag roach post full of bullshit lies as usual.

blah blah blah jews ... blah blah blah metals ... blah blah blah non-fungible ... blah blah blah centralized ... blah blah blah digital shitcoin ... blah blah blah transaction validators ... blah blah blah rube goldberg ... blah blah blah schelling point ... blah blah blah permissioned ledgers ... blah blah blah garbage human beings ... blah blah blah imaginary valueless ... blah blah blah artificial keynesian ... blah blah blah exter's pyramid ... blah blah blah social credit score system ... blah blah blah idiot ... blah blah blah scam ... blah blah blah tard ... blah blah blah fundamentals ... blah blah blah I'm really angry for some reason ... blah blah blah buy high sell low.

I like roach. He makes no sense when he posts, although I don't admire the expletives.

"It's not even remotely possible for gold to drop. It's not even remotely possible for bitcoin to go moon."

Yes he still stays here, in this forum. I don't hate gold. I even have a couple of bars. Silver too. But I don't post on any PM forums either.

In this case, negative press or publicity ... well, it's almost always been the case that main stream media puts bitcoin and other crypto in a negative light. Been that way since Silk Road, even though that's been gone for a long time now.

I can provide escrow. It's quite simple:

If it moves to $40k or $50k by a certain date and time, I can release the coins.
If not, everyone gets refunded.

The usual stuff applies: signed message/contract, multi-signature if desired (I got another escrow in mind), and five percent.

I don't think anyone will send you anything directly.

The whole point of escrow is that everyone can see the funds are being held and you don't get anything until the job is done. (Or half the job gets done, milestones or whatever, then you get that portion.)

In my line of work as far as this forum is concerned I'm never sarcastic. If the minimum threshold is not met in a timely manner, the deal is also called off and participants are refunded.

I dunno, I feel a more than fair deal was laid out on the table, acting as escrow I would hold the coins until the dude makes the numbers, assuming there were enough participants, all who have nothing (or very little to lose, just the tx fee) since they'd get refunded if it doesn't work out, or there aren't enough.

I mean, if we raise 100 BTC, and it does go up to at least $50k, then he's looking at a cool $5 million dollar pay day. I don't get why one wouldn't take the offer; unless he can't do it.

I'm not here to judge, I'm just here to confirm if it has been done or not.

I don't know if the dude is serious, but like I said, I'm not judging. What would be a reasonable time frame for collecting the coins? 1 or 2 weeks? Minimum 50 or refund after the deadline. Then a second milestone like 1 or 2 months or an exact date and time, and possibly another one after on the way to $50k. Also what exchanges or indexes to use, or most of them maybe (bitstamp, bitcoinaverage, coinbase, preev, kraken, gemini, coindesk, etc)...

I'm not even sure what he was proposing, as ... I don't get to read all the posts, the pages fly by very fast in this thread, so I may have missed something. heheh.

Bah, he ignored and reject the escrow offer? ... tells you everything right there.

I get it. The dude does not want a $5 million dollar pay day. I mean, everyone can see it on the blockchain.

Google's 2FA is quite simple. It works by time, and changes every 30 seconds, spits out a 6 digit number. You have 10 backup codes and they are 8 digits. There's a slightly different formula to generate those and those backup codes don't really change unless you tell Google.

I don't use the official Google Authenticator app, there's a free open-source version made by Red Hat available in the Play Store.

There's also a browser based page I use on a separate offline computer.

There's no point banning his account, or his IP. Anyone can use a VPN or Tor and just create new accounts. So we just let him be, at least it is confined to his one account now. Most of the things he says about physical metals or bitcoin or crypto in general are just wrong anyway. I've tried to reason with him and he didn't even attempt to give a coherent answer. After about a hundred pages, you'll notice a pattern to his ramblings; it's all the same thing, some not even being said differently.

You could make a magic 8 ball with all the stuff he says, then just consult that every other day. You'll feel like it's a post on the forum.

I'd rather have Ver destroy Roach, and I think Ver would probably win. But then, irrelevant to BTC except that BCH is a fork from BTC.

There are at least 3 or 4 tx fee estimators.

The Bitcoin Core QT wallet includes one, but it's never been very accurate. Electrum has a couple of better ones built in too.

The best reference I used for the past several months, maybe since a couple of years already is this one: https://bitcoinfees.earn.com/api/v1/fees/recommended

Currently:

If I'm not in a hurry, I use the hour fee. Or somewhere in between those numbers. I rarely use anything higher than the fastest fee.

I don't think that's even a reason to doubt CSW. It's everything he's said since he became public and his lack of proof, proof being as simple as signing a message in the simplest way possible; not some round-a-bout convoluted rube goldberg centralized physical metals complicated kind of way proof.


As for words, 12 words (typical of electrum wallets) is about ... 2048 ^ 12 = 5.4445178707350154154139937189083e+39 combinations.

2 ^ 128 = 3.4028236692093846346337460743177e+38 ... so 12 words has more than 128 bits of security.


24 words would be more than 256 bits.

There are 2048 words for these deterministic wallets and you can use the first four letters of the words to uniquely identify that word.

Only the coins from the genesis block can not be moved. That may or may not be true about forks or altcoins. This is due to some bug or feature as moving the coins from the genesis block coinbase transaction wasn't something expected.

What can be moved are any coins sent after the genesis block, such as those random coins being sent today. Only the person who still holds the private key to the address in the genesis block, specifically the coinbase address; the address the first 50 coins were minted to, can move the later coins.

What is more likely is that several computers or servers were used to mine the first million coins. Since there were no pools, each mined coin comes from a wallet on different computers. While it is plausible that Satoshi kept the wallets for all of those coins, (indeed, it would have been a simple backup to a collected or total wallet for all those addresses), it could also be possible that each address had private keys that were eventually discarded.

That implies the first million coins are locked up by whatever key security was implemented at the time, which is double SHA2-256 behind RipeMD-160 or the other way around, whatever, is like trying to crack legacy bitcoin addresses, even if we knew the public keys as that functionality which hides public keys until coins are first spent from an address.

In any case, even with key or address reuse, many coins have never been brute forced out of their owners. It's always been an inside job or someone stole the private keys. On chain dice addresses have never been hacked by third parties. Stolen maybe, but not brute forced for the private keys.

You could always consolidate all the dust into new addresses. Then from that new address, hop it a couple of times to different new addresses. Then run them through some large mixer, like CoinJoin or similar.

Yes ... you can. Or maybe, you can't. But I can.

I didn't quote the non-sense part. Just so there is some context to my reply. He said he can't do it, or couldn't do it. More accurately, what he is trying to say is he doesn't know how to do it.

Yeah, all my coins are tainted. So is everyone else's ... no big deal. Dunno what your problem is, you don't even use bitcoin. heh.

The future when you were in the past is always ... you can't predict these things with any accuracy. You could make a very good educated guess, but the saying is "hindsight is 20/20" ... or is that 2020 (next year?).

Everyone says we should have all bought corns back in 2013 or 2012 (or as early as you were introduced to bitcoin.)

I mean, I bought corn at maybe $25 and sold them at $50. I bought litecorns at $10 and sold them at $20. I could have participated in the ETH ICO at 1 BTC = 2000 ETH. And I could have just HODL those all until today and I'd be as retired as anyone else.

But ... as it is, I'm still struggling to make ends meet.

The best scenario is buy BTC when it was below $50. (Ideally, when it was below $1). So you have say a few thousand corns. Let's say 10k.
Then you participate in, let's say ETH, and part with half of your corns. so that's 10 million ETH.
Then you participate in a bunch of different ICOs with maybe even just 1 million ETH. And you do an average of 5x. Some go to zero. Some go 10x. Then bring it all back to ETH or BTC.
Then you HODL until ATH... maybe at 15k per BTC, 1k per ETH.

Then, it would take me a literal couple of years cashing out about $10k USD every other day, so I can spread all over the world in 10 different fiat currencies and still have more than half left over in BTC, because there are still so many things I can't buy with just BTC, and everything else has to be paid in fiat and I don't mind investing in some traditional index ETFs to let it sit for the next 10 years.

At one point in time, I had available to me about $20k USD from a bank, in the Philippines, in about 2014. I could have used it to buy all corn back then ... it was maybe $500? So about 40 corns. If that's all I HODL'd until now and even with interest, I could have sold maybe 4 corns, paid back the loan, and still have 36 corns; or invested half in the ETH ICO and gotten 40k ETH.


But none of us knew that. Still. What if ...

Not me, I voted Bitcorn.

Maybe build something that is underwater ... or floating ... like those seasteads. Or similar to oil rigs.

What crap is he talking about?

What I remember is:

up up down down left right left right B A ... select (for two players) start.

I think he means he'll have expenses accountable for the next 30 to 50 years with his current stash of BTC after the next bull run, or he cashes out on the way to the top (but not at the top, as there's no way to know if that's the actual top until much later.)

If his stash is such that he can live for the next 5 to 10 years with a small portion exchanged to soft money, then he can sit out and ride a couple more bull runs.

Not exactly passive income, more like massive capital gains.

I think I read about his diet. I'm sure that helps. More energy, more protein. Basic bodyweight exercises.. Although I am a believer of weighted ones with barbells, a good body weight routine is much much better than nothing.

Correct too. Not a cure, but a lifestyle really. The minute you stop, the problems start coming back. So you gotta keep at it all the time. Think of it as maintenance.

I'd rather have my daily dose of good diet and exercise rather than pills. Even if the pills can't be avoided because the doctor said so, it's worse if you stop any physical activity.

A strong person is always happier than a weak one.

For those who lift weights, the target (if you haven't reached it yet) are the nice round numbers of 200, 300, 400, and 500 pounds. (convert to kilos as needed.) That's for the press, bench, squat and deadlift respectively.

If you don't lift weights, do those olympic gymnasts with iron rings kind of thing and you'll also be in pretty good shape.

There are a couple others, nexo, coinlend, or some other, you can google for them (or duckduckgo) ... the alternative is to exchange and withdraw your BTC and put them in traditional investments that also have 6% or higher returns (in fiat), either in dividends or equity capital gains. There are also plenty of high interest savings accounts, but that depends on your country.

For example, you can't go wrong with Vanguard or BlackRock, they are the biggest providers of ETFs and mutual funds in the world with trillions in assets under management.

REITs? They're like ETFs but for Rental properties, professional managed by a team. You don't do anything except collect dividends. The MER is usually a bit higher than index ETFs, but still below 1%.

The Joker trailer and laugh ... so creepy and authentic. It even makes you feel bad for Arthur Fleck ... also set in the past makes it a nice period type movie.

That looks like a pterodactyl.

The ranking system up to Hero is fixed. It's the jump from Hero to Legendary that has some form of randomness to it, determined by data points from account creation. Nothing too fancy, but it's probably a few details less than 256 bits worth, then hashed by something like SHA256 or SHA512, modulo something between 1000 to 2000. I forget the exact numbers, but basically once someone has 1000 activity points (and also 1000 merits), then it's just a matter of time.

It's probably in some ranking thread in meta.

A post a day, is all you need to consistently add activity for every 2 weeks.

1.5 years to Hero. 2 years to Legendary.

Not everyone here loves Andreas Antonopoulos, but he likes Segregated Witness in his wallets. (except for the vanity one I guess, but there's an update for vanity generated segwit addresses too.)

Sent merits to everyone on this page.

I think, in the spirit of DCA when cashing out, the prudent thing is to stick to a fixed schedule.

If it's every quarter, pick a date and use that all the time.
If it's every month, pick a date and use that all the time.
If it's a particular weekday of the month, use that all the time. Like every third Tuesday of the month. (Some people do not like to withdraw on a Monday, in this case Tuesday works fine.)

Don't try to time the market. The sage old advice is time in the market.

*edit* Out for the night, going to try to watch a movie even as I'm struggling ... Always keep a smile on your face no matter how much you don't have.

Help others ... give them both the advice of your more than 30 years experience as well as a little start ... your prodigy just might be the next Warren Buffet.

I meant something more substantial than just ... more than words ... There are people out there who are less fortunate than others, who don't have a roof over their heads, who don't know where to get their next meal, but could, one day pay it forward if only given the chance.

The younger generations are always the future.

He does say the right things particularly about traditional investing because those things do have 30 to 50 year histories. The stock market as we know it has been around for at least a hundred years, and before that ownership of corporations or large entities have existed for hundreds of years before that.

Trades were made on paper, on the "trade floor" ... eventually running on sophisticated software on mainframes and computers.

In all that time, or at least the most recent 50 years, the stock market of the entire world has been going up relentlessly, because all corporations exist to make profits, and those that remain on the major indexes, like the DOW JONES or the S&P500 ... they are "self-cleaning" ... Amazon and Microsoft were not in any of them 20 years ago. Today they are.

Just like, bitcoin did not exist 10 years ago. Now it's 200 billion total market capitalization with an absent founder, who hasn't touched any of the mined coins, coins mined because no one else would at the time, and that continues to evolve. It has a life of it's own, aided by the tens of thousands of full nodes and hundreds of countries around the world, and the millions of miners and 100 exahashes of computations per second, with a conglomerate of non-related and often competitive exchanges that provide the most liquid asset class across international borders, that now even world leaders pay attention this whole bitcoin thing.

Nothing else comes close.

The institutions are coming.
The bulls are coming.

Some of us won't be able to ride the wave (I am thinking I am one of them) because they've got nothing else and lost it all or are even negative.

It's not like that at all my friend, your words are all good. I just know you can do a little bit more. Perhaps you already do and no one knows about it.


As for the DCA, I've also read it somewhere else that one of the better alternative strategies is to buy in lump sump what you can, maybe in the case of bitcoin after testing out a small amount, particularly if it is a new exchange or method you are using.

For both buy in and cash out. Cash out method is entirely dependent on any target acquisitions you have in mind, but the DCA suggestion is geared more towards a similarity to a so called "safe withdrawal rate" where the principal value is largely unaffected.

With bitcoin specifically, increase in value is mostly capital appreciation.


The only reason DCA would make sense is if you've already gotten your initial allocation of corns, and rely on outside sources to continue buying in, and most people don't have large amounts of funds set aside for that. So they get from what they can, which is usually a wage or periodic profits or monthly or quarterly dividends from other investments or sources of income.

The average working person would get it from their paycheck, which is either every month or every two weeks. They set aside some amount on that day and just buy whatever corns it will let them.


The key point which I believe you are trying to make is to remain as unemotional about the process as possible, so DCA affords some of that ability. No thinking. No waiting. No timing. Just buying.


As for selling, that again depends on your particular situation. If you don't need it all today, can wait a little bit; however it is always a good idea to keep a minimum amount of fiat around so one does not get aggravated by sudden or unexpected expenses, almost all of which can only be paid in fiat or legal tender.