Bitcoin failed to deliver.

[Overnight]

...

There is a story of a convicted criminal who used malware to mine BTC through a botnet. He got caught, he spent his time in jail but because he never told anyone his private keys, he still owns the BTC. Try to seize something that is a number in your head...

This is why you should always use a cold hardware wallet. Erm, I mean...

Physical keys work better, yes?

 

[tifoji]

First of all...if your bank account is seized, you're fked, period. You can open another bank account but you're still flat broke. You cannot seize a BTC wallet unless you were stupid enough to leave your coins on an exchange.

So what happened here ?

https://financialpost.com/fp-financ...er-protest-fundraiser-says-in-court-documents

There is a story of a convicted criminal who used malware to mine BTC through a botnet. He got caught, he spent his time in jail but because he never told anyone his private keys, he still owns the BTC. Try to seize something that is a number in your head.

https://www.nytimes.com/2021/06/09/technology/bitcoin-untraceable-pipeline-ransomware.html

Second, you're probably pretty new to the game, because when I started in 2015 there wasn't even KYC/AML on exchanges and the credo was and still is: Not your keys not your coins.
Back then exchanges were a security issue so nobody would have been stupid enough to transact through exchanges unless you want to trade.

You must be proud.

Everyone with half a brain trades on exchange and withdraws right away and you usually use multiple exchanges.You need to stop viewing this asset class through a TradFi lens. Just because there has been built a gammut of service providers in this market does not mean you have to use any of this.

This is all cringe. 11+ years in Bitcointalk.

Bitcoin is not permissionless anymore and neither is it censorship resistant. You may have become better a subverting the law yourself. It doesn't change fungibility and hence permissionlessness in the chain. I don't know why you proceeded to lecture me about the rest of the things, it is stupid cringe.

"Bitcoin is censorship resistant and permissionless, as long you have the right permissions and KYC/AML" -> Truth but bad for marketing.

Shills have to continue shilling until Tether and USDC go away. I had someone shill me BTC as an inflation hedge recently too. With a straight face no less. Once the leverage is gone, marketing will not be as cringe anymore.

 

[johnarb]

This is all cringe. 11+ years in Bitcointalk.

Bitcoin is not permissionless anymore and neither is it censorship resistant. You may have become better a subverting the law yourself. It doesn't change fungibility and hence permissionlessness in the chain. I don't know why you proceeded to lecture me about the rest of the things, it is stupid cringe.

"Bitcoin is censorship resistant and permissionless, as long you have the right permissions and KYC/AML" -> Truth but bad for marketing.

I've done thousands of send/receive Bitcoin transactions since 2013 and not once did I experience any issues with KYC/AML or permissions or censorship

Out of the thousands of send/receive Bitcoin transactions since 2013, I've had 0 failures, z-e-r-o failed Bitcoin transactions

Once or twice I had to initiate RBF due to me sending with too low of a fee and also have had to utilize transaction accelerator due to same reason, but to reiterate what I said above, all my Bitcoin transactions sending or receiving were confirmed on the Bitcoin blockchain


Have you experienced any failed Bitcoin transactions for the past 11 years? If so, what was the reason?


-----------------

 

[JackMorgan]

ICP last price $5


1000's of garbage like this .

I do not know of a single use case for any of this crap.

Biggest scam in human history

 

[MrMuppet]

View attachment 287201

ICP last price $5


1000's of garbage like this .

I do not know of a single use case for any of this crap.

Biggest scam in human history

So what happened here ?

https://financialpost.com/fp-financ...er-protest-fundraiser-says-in-court-documents



https://www.nytimes.com/2021/06/09/technology/bitcoin-untraceable-pipeline-ransomware.html




You must be proud.



This is all cringe. 11+ years in Bitcointalk.

Bitcoin is not permissionless anymore and neither is it censorship resistant. You may have become better a subverting the law yourself. It doesn't change fungibility and hence permissionlessness in the chain. I don't know why you proceeded to lecture me about the rest of the things, it is stupid cringe.

"Bitcoin is censorship resistant and permissionless, as long you have the right permissions and KYC/AML" -> Truth but bad for marketing.

Shills have to continue shilling until Tether and USDC go away. I had someone shill me BTC as an inflation hedge recently too. With a straight face no less. Once the leverage is gone, marketing will not be as cringe anymore.

They just should have transferred peer2peer instead of going through an exchange, simple as that.
Perhaps you try it yourself one day^^

 

[deaddog]

Gold failed to deliver. It was supposed to be a hedge against inflation, but instead it's dropping like a rock.

I don't see Gold dropping as fast as anything else.
Don't have the exact figures but I believe gold started the year around 1800 bucks and is now around 1800 bucks.
Now bitcoin is supposed to be digital gold and it's down 50% or so.

 

[Ed48]

I don't see Gold dropping as fast as anything else.
Don't have the exact figures but I believe gold started the year around 1800 bucks and is now around 1800 bucks.
Now bitcoin is supposed to be digital gold and it's down 50% or so.

Yes but Gold doesn't have the potential to go up thousands of percent.

 

[deaddog]

Yes but Gold doesn't have the potential to go up thousands of percent.

That's true, but it's a store of value not a get rich quick scheme.

 

[The_Krakenite]

Gold is in the 1800s now per ounce.. .used to be 2K just recently.

If you figure Russia will make-due on their promises of nuclear warfare if things keep escalating, then by all means load up on GLD.

If you think the fear factor has already maxed out... then go short gold futures?

Enjoy the ride...

 

[nooby_mcnoob]

nacho keys, nacho coins

But I do keep a couple of BTC's on Coinbase... it's for the wife to get quick cash to our bank account if something happens to me

I just tried sending out 1 BTC and I'm not encountering any problems. I never setup a whitelist address and have been using Coinbase for many years

View attachment 287100

Bitcoin being crap aside, I think it's very cool your wife is on board. Just don't feel like you failed when Bitcoin goes to $1000 and she'll still be your #1.