Quote from: eXPHorizon on October 01, 2023, 09:29:00 PM

Freaking awesome.

How awesome Gold Rush is and how Gold produces the Great people.. unlike this wtf this Bljatcoin is sopposed to be.. some digital liquid shit

Gold folks are so freaking legendary !

Gold folks and gold are relics.. like dinausours.. but still kind of interesting in their own right..

Surely, one thing about bitcoin is that it is around 1,000x better than gold, and I hope that I am not understating the comparison.. so surely if you can appreciate aspects of money, especially the verifiability and the ease of transport and the ability to self-claim it without too many costs, except maybe some technical learning that does continue to change.. but here are still quite a few ways to secure your bitcoin without too much reliance on others..

How many dollars worth of bitcoin do you have?

$100

$1,000

$10,000

$100,000

$1,000,000

$100,000,000

$10,000,000,000

or some other amount..

So, you can see how the amount might affect the way that you choose to store your bitcoin, but even if you have the higher amounts, there are ways that you can secure that on your own.. and some of them more secure than others, but could you even imagine having more than $1 million in gold, and trying to secure it on your own.. and then when it comes to transporting it or even verifying it.. you might be kind of fucked in terms of how much attention you end up drawing to yourself and your stash.

Should I even attempt to make the comparison to bitcoin, when many of us already have a lot of ideas regarding how even the larger amounts of bitcoin that I listed above could be self-stored, and surely there are likely some better practices regarding how to manage that much value, but there could be ways to actually transport and/or to store such value without much help from anyone else or without anyone really knowing about it.. or being able to stop you before hand.. probably there would be some blockchain analysis attempts at figuring you out if you hold too much of it in one spot.. but there still are likely ways to obfuscate those matters... .

But are any of us dealing with those kinds of higher amounts? I would expect that there quite a few of us (not saying whether I am really part of the club) dealing with $100k and higher values, and many of us have probably honed some of our practices and ways of dealing with increasing values over the years.. so for example, even the bitcoiner from 2015 might have accumulated 21 BTC for anywhere between $6k and $20k, but no matter what his/her basis in the cost, if s/he had been able to continue to hold onto the 21 BTC, then today's value is more than $500k.. and there could be questions regarding how much to keep in one place.. whether they are in 1 BTC chunks are maybe even in 0.1 BTC chunks. there are a variety of ways to manage those holdings and perhaps some of them are more cold storage and some might be on chain and portable or held on exchanges and some might be on the lightning network or even other ways of holding coins that may or may not involve any third parties.. and surely sometimes we do need to be a bit weary of third parties having too many of our coins, but there might be some utility in terms of dealing with third parties, too.

Quote from: OgNasty on October 01, 2023, 10:03:16 PM

Quote from: eXPHorizon on October 01, 2023, 09:29:00 PM

Freaking awesome.

How awesome Gold Rush is and how Gold produces the Great people.. unlike this wtf this Bljatcoin is sopposed to be.. some digital liquid shit

Gold folks are so freaking legendary !

lol. What? Bljatcoin? Is that a typo or is this a new crazy slang term that’s hitting the streets?

I can understand why you would stay that gold folks are legendary as gold has historically been pretty coveted amongst mankind, but I would also assume that there is significant overlap between gold hoarders and Blijatcoiners.

Also, it is difficult to argue that bitcoin has been eating gold's lunch for the past 10 years or more, and there is no real sign that bitcoin will not continue to eat gold's lunch in the coming years.. which is likely going to end up playing out in ways in which bitcoin's 1,000x more valuable attributes as compared to gold ends up playing out in the market, even though currently bitcoin is around 1/20th the price of gold in terms of market cap^**.. so sucks to be you if you allocate more than a few percentages to gold as compared to your bitcoin allocation.

**Admittedly it could take 100 to 200 years for the market to better reflect the relative values of bitcoin and gold, but still the mere fact that it could take a while to work out does not likely justify holding very much, if any, of the inferior asset.

Quote from: kellrobinson on Today at 02:06:28 AM

The next halving (block 840,000) will happen on April 23, 2024. You read it here first.

Yeah right. Roll Eyes

I been reading about that since early 2009..

whoops

Quote from: jasonjm on Today at 04:48:17 AM

Quote from: Biodom on October 01, 2023, 10:50:16 PM

pumping bitcoin high
what a great way to restart
the bull run again

# haiku

Or it could be a trap to lure in more investors.

Yes.. it is a trap.

You better get some in case it catches on..

Otherwise you will trapped because you either don't have any or you do not have enough.. (other ways of saying no coiner or low coiner)

One of the best ways of dealing with bitcoin is to just get the fuck started... even if you are whimpy about it and you are only willing to buy $10 per week when you have a budget that would easily allow you to buy $100 to $300 per week, but you still choose $10 per week you will still likely be better off rather than whining about traps that may or may not exist.

In udder wurds:

Is the trap in the room with us now?