Quote from: OutOfMemory on May 19, 2025, 11:36:30 AM

Quote from: JayJuanGee on May 19, 2025, 03:02:35 AM

Quote from: OutOfMemory on May 18, 2025, 06:08:23 PM

anybody hacked
by social engineering
must be very dumb

repeat my words now:
i will not enter my seed
on websites. never.

if i ever do
i will admit i'm stupid
i deserve the loss
#haiku

I agree with the overall sentiment, and so I sent an smerit for the idea of the haiku, yet I am not sure if I agree with the "I deserve the loss" part, since sure a lot of people are dumb and gullible, but scammers are becoming more and more sophisticated in appearing as if they are legitimate and take care of certain areas of gullibility that even smart people might fall victim to some or the fairly creative ways of impersonating they are from a place of authority, including that there ends up being a sense of urgency if coins might seem to be vulnerable.

Indeed, i was kinda twisted, too.
First i wrote a dual part Haiku, when "if i ever do" just clicked and i decided that a third part should be included.
Before posting the whole thing, i was thinking about that last sentence, too, but i published it for lack of alternatives and time.
I'm always careful when it comes to access my BTC holdings, and giving away my seedword list was a no-no-no from the beginning. I rarely take any actions before having a detailed plan. Otherwise i'd get stuck in the process, like too often in the past. Who really wants to knowingly repeat failures? (except in the hookers and blow categories)
Verdict: Bitcoin must be taught better to the more ordinary kind of people.

Even though I agree that sometimes it can be helpful to call people dummies, yet at the same time, any of us could make mistakes and/or even have some weak moments, and surely newbies to bitcoin might be more vulnerable, yet I bet that even some older bitcoiners sometimes will get sucked into such irreversible mistakes.

Quote from: pinhead666 on May 19, 2025, 02:32:48 PM

Quote from: OutOfMemory on May 19, 2025, 11:36:30 AM

[edited out

Am always careful while doing these things, but sometimes I make mistakes due to this caution. Please pay attention to being thorough to avoid failure. I have become careful since the day I lost my time.
I was not careful before and got into trouble because of this.
Although I do not know the story of your previous failure,
I feel that you have suffered a huge failure,
which is why you have become so careful now.

That's the other side of the making mistakes coin. There are a lot of guys who make their coins so secure that they forget how to access them, or they over complicate their custodial situation to over-prepare, and then lock themselves out of their coins. Hopefully the amounts of lock out is not BIG, but such overly smart (out smarting oneself) happens from another angle rather than coming from the slick social engineering hacker.

Some guys believe that they are being geniuses when they memorize their seed words or some other kinds of security like that, which surely seems like a disaster waiting to happen.

Many of us likely also realize that if we are holding coins in private arrangements, there might be times in which we might have to change our set up, move coins to new wallet(s) or some other kinds of changes to our set up, and sometimes the process of making the changes can cause unnecessary vulnerabilities. I am not really sure how to prevent these kinds of matters.. I have my own ways to attempt to mitigate the possibility of problems, yet I know that sometimes I end up putting some of my coins at risk and even sometimes I inadvertently create vulnerabilities (or I otherwise make mistakes that might relate to either splitting or to consolidation of UTXOs), and sometimes I don't even realize my mistake(s) until several weeks later, then I realize that I had not considered the trade-offs of certain actions that I had chosen to take (or not take).

Quote from: philipma1957 on May 19, 2025, 02:37:26 PM

Quote from: OutOfMemory on May 19, 2025, 11:36:30 AM

[edited out]

hooker and blow failures are very costly.

btw i did repeat those errors in NYC in the early 80s 3 times.

Lucky for me the total cost was under 100 bucks and no arrests.

Not to take away from your pre-history story (referring to the 80s, but Lambo and yacht mistakes could be very costly too, not that I am even talking from exact experiences, but instead metaphorical experiences (so my own experiences kind of rhyme).

Quote from: d_eddie on May 19, 2025, 03:56:02 PM

If you have to split
A sentence to fit it, it
means it's no haiku

#haiku
#meta-haiku

For sure, there is a need for standards in these here parts. Wink

Quote from: xhomerx10 on May 19, 2025, 05:37:52 PM

Quote from: vapourminer on May 19, 2025, 04:04:32 PM

Quote from: d_eddie on May 19, 2025, 03:56:02 PM

If you have to split
A sentence to fit it, it
means it's no haiku

#haiku
#meta-haiku

and worse is when you
use a comma to break the
sentence structure up

Are commas silent
or do you pronounce commas?
asking for a friend

Tell ur lil fiend that the last time I checked, commas call for a pausening of the momentum of the sentence - like, for example, when dee cornz's prices fail/refuse to continue with their inevitable UPpity outputs.

Quote from: Share Holder on May 19, 2025, 05:58:02 PM

.... I think it could happen that if you buy something, you have to pay Bitcoin instead of money.

Isn't bitcoin money?

Asking for a friend.

Quote from: Volgastallion on May 19, 2025, 07:28:29 PM

We face several problems between the adoption and the people who in the will of adoption start to do something pretty stupid like spend the Bitcoin in his day basics.

You have to be very dumb or super commitment to the philosopy and final task of adoption to spend your BTC buying a street food or what ever you eat in the day.

You have to save the BTC not spend in a silly way and spend satoshis in useless transactions fee.

For anyone who has reached a stage of overaccumulation of their bitcoin, then they can easily spend from their overaccumulated amount.

So for example, right now, if a person were to want to have an $80k income in perpetuity, then he would ONLY need 16.896 bitcoin or more to reach his threshold level. So if such person were to haver more than 25 bitcoin, then the person has more than 8 bitcoins overaccumulated from the threshold levels.. so it seems that some of those extra 8 bitcoin could be set aside in a hotwallet just for spending.. maybe even up to 1 bitcoin just set aside for spending on "whatever" like "petty cash."

Even if you don't like my exact example, I still would like to assert that there are examples in which guys may have accumulated enough or more than enough bitcoin, and even if they might be worried about their bitcoin stash, they could also engage in spend and replace if they are either still building their bitcoin stash or if they might be tryint to maintain rather than deplete their bitcoin stash.

Quote from: OgNasty on May 19, 2025, 08:39:08 PM

Bitcoin seems to be leading the pack as always. I’m seeing a lot of calls for altcoin season but I’m not seeing it. Bitcoin continues to be where all the money is going. If we blast off to $170K and alts sit still, will this cycle mark the death of altseason? I guess we’ll see how markets respond to Bitcoin’s coming increase.

Surely, Alt-season continues to be like a wish, and sure it could either be a self-fulfilling prophecy or maybe it will be a time in which that shit can continue to suffer, even though there are always some of the shitcoin projects that will end up pumping, whether the pump is anything lasting or if the pump contributes towards shitcoin contagion or not... There surely is lot of dumb money out there.. so I won't write off the disappearance of some form of alt-season, even if it might not play out in ways that are quite similar to the past.

Quote from: Biodom on May 19, 2025, 09:08:23 PM

I am curious as to why Blockstream puts out a 1.5-3% number when Coinbase Asset management is talking about 4-8%.
https://www.coinbase.com/blog/coinbase-asset-management-launches-the-coinbase-bitcoin-yield-fund
This is strange, but, perhaps, they would use a different strategy and the one used in the future by Coinbase is more risky and, hence, more rewarding, maybe.

The final comment: why US citizens are always being restricted in using these funds?
Anything new in bitcoin or anything else-US is always a restricted area.
Mind you, only schmucks like us (individuals) are being restricted, corporate may always open a branch in a non-restricted area and participate.
Anybody here ever incorporated offshore in BVI, Panama, UAE, Seyshells or Hong Kong? If yes, please post (or DM) what worked.

Banks in the US are lobbying against a competing product, and sure it may well be the case that banks are losing some of their influence, even in the good ole US of A.

Quote from: Distinctin on May 19, 2025, 10:37:34 PM

Quote from: JimboToronto on May 19, 2025, 09:41:10 PM

Quote from: Ambatman on May 19, 2025, 05:21:11 PM

https://x.com/boomer_btc/status/1923439897177657707?t=FSAfTSPSzaDj1KE49ikPAg&s=19
someone shared on X their experience using Bitcoin for payment @Steaknstake.
Never liked Monday but we Off on a good Start.

They don't accept fiat cash? The food is priced in dollars.
The listed payment options all involve third parties or transfer fees. Cash is free, safe and anonymous.

Would that mean more expensive? how about the blockchain confirmation here? how is it manage?

I thought that they are using lightning network, so it is pretty much instantly confirmed.

Quote from: eXPHorizon on May 19, 2025, 10:49:44 PM

The Light on the Horizon was brighter yesterday.

If you are referring to bitcoin, then pretty much the same for yesterday and today.

If you are referring to your relationship with your grandma or your regrets of remaining a nocoiner, either of those might be a different story.

Quote from: eXPHorizon on May 19, 2025, 10:53:17 PM

Quote from: Volgastallion on May 19, 2025, 07:28:29 PM

We face several problems between the adoption and the people who in the will of adoption start to do something pretty stupid like spend the Bitcoin in his day basics.
You have to be very dumb or super commitment to the philosopy and final task of adoption to spend your BTC buying a street food or what ever you eat in the day.
You have to save the BTC not spend in a silly way and spend satoshis in useless transactions fee.

Partialy true.
Doing transactions with Bitcoin costs as much electricity as a normal household uses in a week. And that is just one transaction , it also uses more electricity as each day passes. Bitcoin is actualy the most useless payment system of all time.
This is factualy supported

Let's say that you are correct that each bitcoin block costs around the electricity of a normal household for a week, yet the bitcoin network is more than $2 trillion dollars and it also has several supporting industries, including that it is securing value and also bringing soundness to money. It may well be a reasonable price, yet since it is a free market, then those miners who are investing into mining bitcoin are doing so voluntarily, and maybe you want to count the electricity that all of the world's nodes voluntarily choose to consume too? Not that we should be relying on a no coiner like you to represent any actual facts accurately.

Quote from: Agbamoni on Today at 12:25:54 AM

Quote from: OgNasty on Today at 12:15:59 AM

Over $106,000 now! Looking like we’ll be making a run at the all time high this week. Excitement is back in the air folks. Nothing quite as sweet as the words price discovery connected to Bitcoin. Looking like smooth sailing ahead for the near future anyway. I don’t see any real selling pressure until maybe July.

Last month I had a delay in payment from my boss.
This month I’ve already told my boss I’m getting my pay before next week, he doesn't know how.
Hope Bitcoin hears me Cheesy

Many times in bitcoin's history, we have had guys who transitioned between their ongoing accumulation of bitcoin through regular buying, and then pretty soon bitcoin's price rises ended up being months and even years of their income within a few days... so it really can end up causing bitcoin holders to ponder the reasons for their continuing to work - even though some of them get sucked into pulling the fuck you lever too soon, since they made poor calculations about the value of their bitcoin - since they were merely looking at changes in BTC spot prices and failing/refusing to consider bottom prices (which happens to be something like the 200-WMA). There are ways to calculate accurately so that none of us are pulling the fuck you lever sooner than we are actually able to sustain ourselves on our bitcoin and/or on our bitcoin and a combination of other resources that we have at our disposal.

Quote from: philipma1957 on Today at 12:35:51 AM

Quote from: OgNasty on Today at 12:15:59 AM

Over $106,000 now! Looking like we’ll be making a run at the all time high this week. Excitement is back in the air folks. Nothing quite as sweet as the words price discovery connected to Bitcoin. Looking like smooth sailing ahead for the near future anyway. I don’t see any real selling pressure until maybe July.

and back to 105.6k
maybe at 2am we bounce up and over 109
I want to buy another miner tonight I am hoping to get over 108 or 109 by midnight so I can put a buy in.

Of course, if the BTC price goes up, you (Phil) want to identify a place to spend your bitcoin as soon as possible, which is part of the reason that you remain in your accumulation phase of your bitcoin investment after 13 years in bitcoin. There are all kinds of ways to cash out BIGly as soon as the BTC price goes up. One of them is to get excited to buy some miners...

Quote from: LFC_Bitcoin on Today at 01:59:27 AM

$106,800
She’s purring nicely, I have a feeling she’s going to pump hard soon.

I am not going to fight you on this, especially since it seems that ever since we broke above $104k (about 40 hours ago as I write this post), there has been a lot of UPpity momentum, even though we had a bit of a seemingly fakety correction around 24 hours ago.