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.


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).


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).


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


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.


Isn't bitcoin money?

Asking for a friend.


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.


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.


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.


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


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.


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.


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.


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...


I am not going to fight you on this.