Quote from: El duderino_ on January 23, 2025, 05:39:55 PM

Quote from: Lucius on January 23, 2025, 04:33:10 PM

Quote from: El duderino_ on January 23, 2025, 04:23:34 PM

https://x.com/DocumentingBTC/status/1882461591222063171
Not the worst speech

Bitcoin instead of crypto would have been better though

Does anyone think he even knows the difference? Everyone needs to get used to the fact that he will be mentioning "crypto" more and more, and Bitcoin less and less.

With a possible btc reserve and be surrounded with some knowledgeable people I think btc won’t be less and less but IS the main point

To many try to find some bad stuff in all he does, but at this time he is doing very OK in terms of BTC imho
So not always drink the negativity cool aid and appreciate a bit as well.

I don't mind giving that dweeb some credit, yet it seems quite problematic to actually believe he is honest when he has shown he is not.

Sure, some of the things he is doing is quite positive for bitcoin, and I find the Ross release as quite a touching act with very material and symbolic results. Trump is still a quite problematic character in a lot of ways - a lot of it comes from his own behaviors.. including that it seems that many of us should be skeptical of people in power, even if they might end up doing some things that are actually fair, just and/or the right thing to do.

Quote from: vapourminer on January 23, 2025, 05:43:11 PM

Quote from: El duderino_ on January 23, 2025, 05:39:55 PM

To many try to find some bad stuff in all he does, but at this time he is doing very OK in terms of BTC imho

hey much as i dislike some policies he has at the same time my net worth has gone up rather nicely since he was elected. hard to not like that one.

I am pretty confident that uie pooie likely would have been o..k either way...whether you would have had to eat your Ramen plain or you are able to throw a shrimp or two in there due to our redheaded narcissist lil buddy.

Wink

Quote from: AlcoHoDL on January 23, 2025, 09:00:50 PM

At least Ross got his pardon. Not that he's a saint, but 2 x life + 40 yrs was far too harsh. In a few years' time he'll be a millionaire (if he isn't already).

I am pretty sure that even if Ross were starting at zero, he is surely not going to end up flipping burgers at McDs.

It will be interesting to see if he chooses to involve himself in any bitcoin projects, bitcoin related project or if he chooses to keep a low profile.

It could be the case that he chooses to take on an identity or maybe to contribute in ways that are less attributable to him. He seems like a pretty interesting and talented kind of guy, and I surely don't buy the various stories about him supposedly agreeing to a hit, especially since the allegation was made and then it was dropped, so there likely were a lot of questions regarding whether some of Ross's communications were really his own or that there might have been folks who were saying things and making it look like Ross's communications.

In any event, Ross is totally pardoned and expunged, which I consider the odds to be pretty great that he is not in any kind of category that is even close to many of actual provenly violent thugs that Trump blanketedly pardoned the day before.

Quote from: Biodom on Today at 01:58:21 AM

Quote from: philipma1957 on Today at 12:00:18 AM

Quote from: d_eddie on January 23, 2025, 11:52:04 PM

On an issue like this, which doesn't involve the USA directly, I think even the allies could go their own way.

No they will follow the USA on it but if and when a crypto winter comes they will switch to cbdc.

To me we get 3-5 years here and it may turn really bad after that.
but I am fairly sure about the next 3-5 years.
which of course is a first for me.

I do not write about 3-5 years of goodness for crypto (crypto is the trumpeter's word not mine)
Ever so take it with a grain of salt or maybe a whole salt shaker.

Brilliant, @phil
A small correction...maybe 3-3.5 years...before the 'fear' of what comes next...the opposite wave of executive orders, maybe.

that said, i made the following conclusions for myself;

1. New pres does not care about bitcoin per se
2. Because of #1, I don't see a tax free bitcoin..not even a 1% chance.
3. Because of #2, a sell plan needs to be developed and executed within the next 3-3.5 years.
But, heck, i probably just sell some in a panic in 2026 Wink

Holy shit Biodom. You are a nutjob!!! Maybe you and Phil both?.. hahahahaha .. had to get a little dig in at Phillip too, even though you, Biodom, make Phillip look normal and/or within some kind of realm of rational.

A sell plan for the reasons that you outlined? Oh gawd. Roll Eyes

Speaking of Gawd..... Gawd save you from ur lil selfie.. #nohomo Tongue

Quote from: d_eddie on Today at 02:18:32 AM

Quote from: Biodom on Today at 02:12:00 AM

Custody of bitcoin by banks:
You:
Take some of my bitcoin for custody, please.

A bank:
1. Sure, send it to this address.

(Some time later)
You:

Give me back some of my bitcoin, please. You may send it to this address.

Quote

The bank:
1. Where did you get it, mofo?
2. Do you have a written proof of it's purity followed by a notarized affidavit?
3. What are these satoshis sent from multiple wallets of dubious origin, eh?

Your story was incomplete. I took the liberty and fixed it.

For sure. Just to reiterate. Your "friendly neighborhood" bank would not have any problem taking your lil precious.

Quote from: Greyhats on Today at 03:00:15 AM

Hmm so if I understand this correctly
2009 - Present: Purchase BTC via an exchange, store in your wallet(YourKeysYourCoin)
2019 - Present: Purchase BTC wrapped in some shitcoin, store in your shitcoinwallet(YourKeysYourShitcoin)
2020 - Present: Purchase IOU for BTC via MSTR stock purchase, stored in MSTR wallets(NYKNYC)
2024 - Present: Purchase IOU for BTC via an ETF, stored in ETF companies wallets(NYKNYC)
2025 - Present: Purchase IOU for BTC from your bank, stored in bank's wallets(NYKNYC)
Is it right to say that more counter party risk options are being pushed out? I guess ultimately the purchaser doesn't have to use any onramp other than YKYC but there will always be people who choose convenience over security. Is the next blackswan event more than likely going to a failure in one of these on ramps do you think?

Getting bitcoin through Peer to peer has always been available in some kind of way, and there are ways that miners get coins too, yet several of the miners are currently going through KYC when involved with many of the pools, which wasn't always the case.

Exchanges and various third party rug pulls have frequently happened, so surely we would expect that there will be some future third party rug pulls or hacks or creation of paper bitcoin, yet it would not necessarily need to rise to the level of a black swan kind of event, but would reinforce ideas of keeping some portion of your coins (perhaps 90% or more) in your own custody, even though we know that self-custody can have some of its own complications, and so a decent number of coins have been lost or reallocated to someone else due to self-custody mistakes.

There surely are learning curves for many of us, even if we have been in bitcoin for a while, there can be challenges regarding how we hold our coins, how we do our transactions, whether we mine or run a node and various ways that we might interact with bitcoin directly, or use various third party custodian solutions or some folks have more technical abilities to learn and share information to help less technical people. Even if we figure out some ways to increase our peer to peer avenues of using our bitcoin might be helpful to the various bitcoin systems.