Kept In A Drawer for 12 years, $4,905 Physical Gold Bitcoin Now $48 Million

Not necessarily. Some people would keep it as world most expensive coin for collection. You see this all the time. People drop 50-100 mil in a single pairing.
 
Is it really wise to have all 1000 btc's in 1 physical coin? How much security can be put around it as the price of btc goes up?

Lol!

Would you leave this in your desk drawer (?), because that's what is was worth last Spring. :D


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When you realize you forgot about it:

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Lol!

Would you leave this in your desk drawer (?), because that's what is was worth last Spring. :D

I wouldn't :D

1,000 btc's can be divided in 10, 100, or 1000 wallet addresses and private keys stored in many physical locations
 
My personal opinion, the 1000 bitcoins should be redeemed and secured at digital vaults

If I owned the coin, I'd deposit 500 btc's at Fidelity, 250 btc's at Bitgo and 250 btc's at Xapo or any combination with different reputable digital asset providers

Is it really wise to have all 1000 btc's in 1 physical coin? How much security can be put around it as the price of btc goes up?

I realize people think it's impossible but if bitcoin goes to $1M, that's a $1B physical coin

Even at current price or if bitcoin goes to $100K or higher, you can play around with the risk profile scenario


Now, if the person who owns it is a billionaire, then there is no need to be as concerned, who cares if something happens, the billionaire will be able to take the loss with relatively not much pain

Only bad actors, crypto fleecers, bagholders and scumbags advocate for custody BTC which is a shitcoin. Read the whitepaper again.


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Only bad actors, crypto fleecers, bagholders and scumbags advocate for custody BTC

Since you don't like btc, what crypto asset do you own?

You cannot use any crypto asset on the mainnet blockchain if you do not self-custody, this applies to Bitcoin, Ethereum, Solana and all other tokens in their respective smart contract platforms

You need to see a professional as you are suffering from a mental breakdown to try to argue against a very basic crypto assets operational feature
 
Since you don't like btc, what crypto asset do you own?

You cannot use any crypto asset on the mainnet blockchain if you do not self-custody, this applies to Bitcoin, Ethereum, Solana and all other tokens in their respective smart contract platforms

You need to see a professional as you are suffering from a mental breakdown to try to argue against a very basic crypto assets operational feature

How is that my mental breakdown always leads to citing sources and you play internet psychologist?

You seemed to have completely missed the point. I cited the whitepaper to show how BTC is meant to be used to protect one's privacy i.e by not engaging middlemen. You are the one who posted how to give up that layer and go to 3rd party custodians.

I meant to say that custodial solutions and KYC BTC is an absolute shitcoin.

I was calling out scumbags, such as yourself, who advocate custodial solutions and those who peddle ICOs such as Ethereum or all these other nonsense as "crypto assets", not dissing BTC. You shouldn't be lecturing people about how to use BTC.

You have all the symptoms of a typical grifting e-beggar. Support for Tether, support for 3rd party middlemen, KYC BTC from exchanges and all the other nonsense that has led to a complete shitshow in crypto. But this is also a standard defense mechanism in crypto world. Next play will be probably I am against innovation, I don't understand, we are still early and other victim playing garbage. GTFO here.
 
How is that my mental breakdown always leads to citing sources and you play internet psychologist?

You seemed to have completely missed the point. I cited the whitepaper to show how BTC is meant to be used to protect one's privacy i.e by not engaging middlemen. You are the one who posted how to give up that layer and go to 3rd party custodians.

I meant to say that custodial solutions and KYC BTC is an absolute shitcoin.

I was calling out scumbags, such as yourself, who advocate custodial solutions and those who peddle ICOs such as Ethereum or all these other nonsense as "crypto assets", not dissing BTC. You shouldn't be lecturing people about how to use BTC.

You have all the symptoms of a typical grifting e-beggar. Support for Tether, support for 3rd party middlemen, KYC BTC from exchanges and all the other nonsense that has led to a complete shitshow in crypto. But this is also a standard defense mechanism in crypto world. Next play will be probably I am against innovation, I don't understand, we are still early and other victim playing garbage. GTFO here.

Are you just a fucking asshole that hates everything?

Look in the mirror and blame that idiot staring back at you for missing out on opportunities on crypto assets

Just today, I made several crypto asset transactions on the blockchain because I'm a yield farmer and have 3 farms, used a dex to swap and used a cex to convert to btc but that's way over your head

I love Bitcoin, I have crypto assets on Ethereum, I've owned Tether on several blockchains and I have owned and continue to own other crypto assets

I don't give a shit if you don't like or hate any of them, you can go fuck off and go to hell, you stupid cunt
 
12 years ago, the only things you can buy with bitcoin are alpaca socks, pizzas (overpriced at 10,000 btc's), drugs and other stuff on the darknet

Today, you can buy a mansion, a yacht, a cup of coffee or just about everything using bitcoin and other crypto assets

That's because of adoption made possible with KYC Bitcoin and legitimate businesses that enforce AML rules and prevent illegal activities

Visa, MC, PayPal, Square, Coinbase, Gemini, Fidelity, Goldman Sachs, Blackrock, BNY Mellon, etc, etc, etc

Tether is the most used trading pair in exchanges for btc and other crypto assets. Tether and stablecoins allow instant value settlement to fiat on a 24/7/365 schedule even when banks and other financial entities are closed

These things are called adoption and give Bitcoin and other crypto assets the value and will continue to grow at trillions and tens of trillions of $ in the future


Someone who says KYC is bad on the pretense of protecting privacy wants to destroy the value of Bitcoin and to go back to the time 12 years ago. That person is evil and not a friend to Bitcoin
 
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These things are called adoption and give Bitcoin and other crypto assets the value and will continue to grow at trillions and tens of trillions of $ in the future

...

I don't think I have ever asked you this question before...

How would you feel if you bought a cup of coffee today for 10 satoshis, and the next day you see it would have cost you only 3 satoshis? Wouldn't you feel like crap? It is just like trading I suppose, because on the other hand, you could see that the next day it would have cost 20 satoshis for same cup of coffee, and you feel GREAT!

How can anyone stomach that volatility in the purchasing power of their medium of exchange?
 
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