Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3603. (Read 26608143 times)

Lol. German production inflation hits 30.9%

 

German producer prices surge at fastest rate since records began
https://www.ft.com/content/6231877b-796f-4d56-8dc5-cfa0b00248de


Let's shut off some more pipelines and pretend we can use farts as energy.

Well no one is allowed to say anything if you do or if you dress up like one so...

Explanation

Explain the relevance?

Hello darkness, my old friend

I took a look again at casa's offering, and they do talk about doing it yourself.

https://docs.keys.casa/wealth-security-protocol/casa-vs.-alternatives/option-1-do-it-yourself

So they have a free option, and some paid options, and the most expensive one is that $5000 per year one, designed for people who probably hold $1m or more of king daddy, and don't want to bother with setting up their own private ranch to store one of the keys to their coins. Remember it's a multi-sig wallet.

I believe this is easily done using 2-of-3 multisig as a minimum, and you only need 1 other device in addition to the one you normally use. People who don't use multi-sig probably have either a hardware wallet, or a cold wallet configuration set up using some air gapped machine. This can be an old phone or old tablet (or even a new one) used for just this purpose.

For my own use case, I got a cheap tablet, nuked it, erased it, kept it offline, and copied over Electrum from another offline machine. Now people are going to ask if I physically disabled the wireless connections, but I didn't do that. I just never connected it to anything and it's on permanent airplane mode, most of the time the tablet is actually turned off and stored in a box. I don't have the amount of coin that would warrant more security than I have now. I may consider upgrading my own protocol when I get to that point, but for me, no one else is going to be able to touch my coins.

There are a few people out there using Bitcoin Core and Electrum with both a watch-only wallet and a cold wallet for signing.

It's a trade off between security and convenience. Tapping your debit card is convenient. Inserting it and typing a 4 digit pin code is inconvenient. Pushing lots of buttons and digging out cold storage from where ever you hid it is annoying. It all boils down to the user.

Some people are willing to pay $5k a year to know their coins are secure. I'm not one of those people, but if I had a friend who had a couple million dollars worth and I know he's not very technical, I'd suggest to them to take a look at paid services (or I'd offer my own service to him, teach him how to do it himself, get him a safe deposit box, etc etc etc; pay me and I'll keep our coins safe.)

You could pay Casa the $5k for just one year, and try to do transactions every month. When you've learned how to do it and what they teach you, because they supposedly teach you how to access your coins in the even the company completely disappears, you use open source software, then you could try doing it on your own after that.

At the very least, they have a lot of knowledge that is available for free, so everyone can do it themselves.

You do realize that you've been in a bathroom with a gay person many times, right?

Are you allowed to bring a sheep?

Explanation

I am sure I will have more than that in 2040. He's cute though, no homo.

The year is 2040……

Explanation

I believe they have a completely free option. Anyone else who wants to do something similar without paying them would need to somehow secure separate physical spaces to store at least one or some of the other keys of their multi-signature set up. I mean, if you already have 2 houses or a secure office / work / factory / secret hide-out, then you don't need someone else to do it for you.

At the very least you have some sort of storage or vault that you still pay for, or maybe even have one key at a trusted friend's house.

For most people, you can just simply keep it in your home; everyone knows how to make steel backups now, or should.

Your point is a good one.  But at the same time, the velocity of the rise of Bitcoin is primed to be one of the biggest stories of our age.  And to your point it's "market cap" value will not act like a security traded as part ownership of a single company, but rather the lingua franca for the expression of all value for all companies, assets, goods, services etc.

The difference, once it is realized will be absolutely breathtaking.

The fact that it still trades like a single tech company represents the most lopsided opportunity generations will ever see.  For the millionth time, we are gentlemen.  Hello from the past, Mr. Future reader.  Yes we were here in 2022 BEFORE people figured out what this thing was completely.  You will call us lucky, and you will be right.  But it was hard as hell to hold on through all this. And some of us were not able to because of the financial storms that are about to hit.  Yeah... some of us saw that coming too.

Yes Bitcoin isn’t a stock but an asset.

Read the title as:
“Years it took assets to reach $1 trillion market capitalization.”

Only 69? Wait until you see 420.

Crypto, not Bitcoin.

I don't know much about zippitydoos or roo legs.  Do they look like this?  If so, yes.

Explanation