Transparency is a feature of the bitcoin blockchain once you know which addresses are associated with a person or an entity, yet there are still quite a few ways to achieve privacy, even with public companies there aren't any current requirements for them to show all of their BTC addresses.

Even in bitcoin, I doubt that there is consensus in regards to how to get exchanges to show their reserves (the BTC that they hold), even though there are some exchanges that have chosen to implement proof of reserves, yet there still isn't any kind of industry standard.


In part, that was my criticism, since I would have had hardly considered our dip from mid $93ks to $88k-ish to be hardly anything important, and surely not in any mud... Get us into the $50ks I might start to come around to the idea of stirring mud.




I doubt that quantities are very relevant since at these prices, $4k is hardly even 5% price moves.


You might be right.. even though it seems like a lot of noise to this here cat.... and many of us know if there is a lot of price move, then the order books go a bit empty, so then it causes the BTC price to move around a lot more rapidly and frequently it will take time for the order books to fill back up.


I find them a bit limiting for the kinds of things that I would like to say, even though sure it is possible that every once in a while I could attempt a more artsy-fartsy presentation style.


I would hardly characterize an investor and a HODLer as greedy, even if we might consider someone who might choose to put 10% of his income into bitcoin, so perhaps over 10 years he invested 1 whole year of his income into bitcoin. 

So let's say he invested $100  per week over 10 years, and that would be about $52,000 invested and nearly 37 BTC.

How is that Greedy?

You are implying that he should have already started to sell at some point?

Perhaps this guy was was fairly young to the workforce in 2013 .. maybe late 20s or early 30s.. and he was not really sure if he would be able to just retire from his bitcoin early as he was accumulating it, so he just continued to accumulate it, and so after 10 years, he might be having a bit of a dilemma whether to stop working or not.. or choose some other kind of work.. Is that greedy?


I personally believe that having nearly 37 BTC would put such a guy at fuck you status even if his aim of a lifestyle would be to raise to want to start withdrawing $100k per year.  Sure he may well have the dilemma of buying health insurance which will add more to his costs.

Even if we use the 200 WMA as the valuation of his BTC stash, with 37 BTC, he still has right over $1.5 million in valuation.  Personally, I think he would be o.k. withdrawing around $100k per year or $8,333 per month.  Would that be greedy?


FTFY