Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4604.

aysg76

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Quote from: fillippone on October 09, 2021, 04:57:35 AM

Quote from: AlcoHoDL on October 09, 2021, 03:41:17 AM

. Being your own bank is tough shit.

Once again the Digital gold is like the physical gold.
I have a few grams of gold on my body, I could be forced to give them to someone against my will, but it’s a bearable risk.
I have a few more grams in my house, hidden on a safebox hidden somewhere.
I also own a few gold pounds. Those are in a safe box at the bank. Protected with a meter-thick 5 layers safebox all surrounded by water.

I can’t understand how this approach isn’t followed for common people and ppl tend to store huge money on a mobile phone, or in a random wallet on their computers.
There are professional for the custody (want a name? checksig.io).
This doesn’t make a lesser bitcoiner if you give your coins to someone that knows how to store them (definitely, not an exchange).

Gold has been around for here years and the community has grown substantially and they don't make weird excuses for investing in it like they did for bitcoin.But they lack vision that if you wear excessive gold you could come into eyes of thieves apart from the government's who might ask you to freeze your gold certificate and even gold in your bank lockers at the time of any emergency but you can roam freely with billion dollars of qr code and your coins in your wallet or hardware devices.But still some stupids say gold is better need to check the returns and then have a clarification.I would also not call btc gold heaven because now it has turned to hell for the holders.

Tash

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Pro financial, medical liberty

Quote from: bitebits on October 09, 2021, 07:17:40 AM

Quote from: fillippone on October 09, 2021, 04:57:35 AM

There are professional for the custody (want a name? checksig.io).
This doesn’t make a lesser bitcoiner if you give your coins to someone that knows how to store them (definitely, not an exchange).

You are kidding me, right? Worst advise ever. This is how fools and their bitcoins are parted since the genesis block.
..

No surprise the forum going downhill, its done a full 180° from the early days.
Did register on new forum the other day, (not crypto) as time nears to move on.
Maybe new for some (newbies) but not your keys not your coin.

ChartBuddy

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Torque

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Quote from: hisslyness on October 09, 2021, 07:24:58 AM

What a effing retard that vitalik is, the only people getting scammed are people using his bloatware piece of shit… and other crap like binance shit! DeFi crap! NFT crap! Pancakes and Burgers…. I think we should shut that down to stop dumb people from getting a scammed!

I am fairly sure El Salvador passed a “Bitcoin Law” and not a crypto law. No one is being forced to use a certain “cryptocurrency”. They are being ask to accept a Peer-to-Peer Electronic Cash System called Bitcoin.

People have long since forgotten that Vitalik actually said in the beginning [and I'm paraphrasing] that "Ethereum is NOT a competitor to Bitcoin. I didn't build it for that, and it's not suited for that. In fact, Ethereum should not be used as a form of money or currency like Bitcoin. Use Bitcoin instead."

I'm sure if what he said was written or captured somewhere on the internet, it has long since been buried or retconned. He would not want his beloved cult followers to know that he said or thought that.

Some of us at Crypto Pepperidge Farm...we remember. We remember everything. Wink

hisslyness

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Quote from: Wekkel on October 09, 2021, 01:28:23 AM

Quote from: JimboToronto on October 08, 2021, 03:35:26 PM

More humor:

https://finance.yahoo.com/news/vitalik-buterin-calls-mandatory-bitcoin-184654330.html

Quote

...tactic of pushing BTC to millions of people in El Salvador at the same time with almost no attempt at prior education is reckless, and risks a large number of innocent people getting hacked or scammed. Shame on everyone (ok, fine, I’ll call out the main people responsible: shame on Bitcoin maximalists) who are uncritically praising him...

LOL

OMG its those "Bitcoin maximalists" recklessly exposing innocent people to being hacked and scammed.

Good thing they didn't make your little scamcoin official too, eh Vitalik? Sour grapes?

Let’s invent a programming language that instead of encapsulating, makes everything’s accessible everywhere by default.

And then run money on it.

Absolute Bonkers.

It’s like inventing a car with safety belts making the click sound but without locking or doors that do not lock tight after closing. What could go wrong?

There are people in a better position to argue about software hacks or scams.

What a effing retard that vitalik is, the only people getting scammed are people using his bloatware piece of shit… and other crap like binance shit! DeFi crap! NFT crap! Pancakes and Burgers…. I think we should shut that down to stop dumb people from getting a scammed!

I am fairly sure El Salvador passed a “Bitcoin Law” and not a crypto law. No one is being forced to use a certain “cryptocurrency”. They are being ask to accept a Peer-to-Peer Electronic Cash System called Bitcoin.

bitebits

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Flippin' burgers since 1163.

Quote from: fillippone on October 09, 2021, 04:57:35 AM

There are professional for the custody (want a name? checksig.io).
This doesn’t make a lesser bitcoiner if you give your coins to someone that knows how to store them (definitely, not an exchange).

You are kidding me, right? Worst advise ever. This is how fools and their bitcoins are parted since the genesis block.

Quote

How does the deposit process work?

Send us a request and we will reply with a destination address using both email and a fully encrypted chat (WhatsApp, Telegram, or Signal). You can then transfer your Bitcoin to that address, and we’ll send you a formal deposit receipt when the transaction is confirmed.

If needed, our team can also assist you, in person or videoconference, in a simple step-by-step process to send your Bitcoin to our address.

ChartBuddy

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ChartBuddy

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Arriemoller

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Cлaвa Укpaїнi!

Quote from: fillippone on October 09, 2021, 04:57:35 AM

Quote from: AlcoHoDL on October 09, 2021, 03:41:17 AM

. Being your own bank is tough shit.

Once again the Digital gold is like the physical gold.
I have a few grams of gold on my body, I could be forced to give them to someone against my will, but it’s a bearable risk.
I have a few more grams in my house, hidden on a safebox hidden somewhere.
I also own a few gold pounds. Those are in a safe box at the bank. Protected with a meter-thick 5 layers safebox all surrounded by water.

I can’t understand how this approach isn’t followed for common people and ppl tend to store huge money on a mobile phone, or in a random wallet on their computers.
There are professional for the custody (want a name? checksig.io).
This doesn’t make a lesser bitcoiner if you give your coins to someone that knows how to store them (definitely, not an exchange).

That's the important point here, People in general don't want to, and some can't, do all the hard work that is involved in being your own bank, that's one of the reasons we have banks in the first place.
That's also the reason banks won't go away, they will simply do with peoples btc what they are now doing with peoples cash. There will be some more years of resistance of course, especially in western countries with well functioning fiat currencies, but it's just a matter of time.

And that is also a future attack vector for governments. They can outlaw being your own bank and force everybody to route their btc through the legacy system and thus get the same amount of control of your btc that they now have of your cash.

Edited.

Arriemoller

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Cлaвa Укpaїнi!

Quote from: Cryptotourist on October 09, 2021, 03:12:46 AM

Quote from: Wekkel on October 09, 2021, 01:28:23 AM

There are people in a better position to argue about software hacks or scams.

I got involved in two cases this week alone, basically from friends of friends whom's - the lack of knowledge combined with stupidity - led them to lose their funds.

1) Used his phone to create an account - without enabling 2FA - then bought BTC.
He then logged on to his account from his WINDOWS 7 laptop, only to get hacked and have his funds stolen within the hour.
(if he had pressed on the email link, he would probably have been saved)

Hear that Arrie? Windows fucking seven.

2) Invested funds that went X10 the last 10 months - in an “investment firm” somewhere in the UK.
Now the bitch that has been talking to him 3-4 times a day for the last year (and is very polite as I’ve been told), wants him to add more funds (1/10) so that he can withdraw his profits.
Absolutely a scam from end-to-end.

3) Another friend called me and told me that he finally decided to invest:
- Oh great, where?
- Binance.
- Ouch, did you buy BTC?
- No, I bought shitcoin1, shitcoin2, shitcoin3 and shitcoin4.
- For crying out loud!

I’ll say it again - stupidity seems to be the rule here.
Greedy noobs, beware ffs, and DYOR.

I haven't had any btc on my computer since 2014. My Binance account has 2FA and the rest is stored in non custodial addresses/wallets thank you very much.
I still trust a version of windows where I myself decide what, when and if I downlod a "upgrade" over a version with forced "upgrades".

fillippone

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Fully fledged Merit Cycler - Golden Feather 22-23

Quote from: AlcoHoDL on October 09, 2021, 03:41:17 AM

. Being your own bank is tough shit.

Once again the Digital gold is like the physical gold.
I have a few grams of gold on my body, I could be forced to give them to someone against my will, but it’s a bearable risk.
I have a few more grams in my house, hidden on a safebox hidden somewhere.
I also own a few gold pounds. Those are in a safe box at the bank. Protected with a meter-thick 5 layers safebox all surrounded by water.

I can’t understand how this approach isn’t followed for common people and ppl tend to store huge money on a mobile phone, or in a random wallet on their computers.
There are professional for the custody (want a name? checksig.io).
This doesn’t make a lesser bitcoiner if you give your coins to someone that knows how to store them (definitely, not an exchange).

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

AlcoHoDL

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Quote from: Cryptotourist on October 09, 2021, 03:12:46 AM

[...]

I’ll say it again - stupidity seems to be the rule here.
Greedy noobs, beware ffs, and DYOR.

Sad, but true. I've had friends that were phished, and funds (fiat -- they are nocoiners) stolen from their CCs and PayPal accounts. Some of my coiner friends have listened to me and always keep their coins offline. Others keep them in exchanges "for easy access when trading."

Problem is, noobs tend to assume everything in their Inbox is true and genuine. "But it was an email! To me! It had my name on it!" they scream, as if this somehow makes it genuine.

Especially when it comes to Bitcoin, things are brutal. Coins lost can't be recovered. No customer service number to call. No one to sort things out for you. This is something most people still can't comprehend. That's one of the reasons why the majority still prefers banks, rather that being their own bank. Being your own bank is tough shit.

Cryptotourist

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Homo Sapiens Bitcoinerthalensis

Quote from: Wekkel on October 09, 2021, 01:28:23 AM

There are people in a better position to argue about software hacks or scams.

I got involved in two cases this week alone, basically from friends of friends whom's - the lack of knowledge combined with stupidity - led them to lose their funds.

1) Used his phone to create an account - without enabling 2FA - then bought BTC.
He then logged on to his account from his WINDOWS 7 laptop, only to get hacked and have his funds stolen within the hour.
(if he had pressed on the email link, he would probably have been saved)

Hear that Arrie? Windows fucking seven.

2) Invested funds that went X10 the last 10 months - in an “investment firm” somewhere in the UK.
Now the bitch that has been talking to him 3-4 times a day for the last year (and is very polite as I’ve been told), wants him to add more funds (1/10) so that he can withdraw his profits.
Absolutely a scam from end-to-end.

3) Another friend called me and told me that he finally decided to invest:
- Oh great, where?
- Binance.
- Ouch, did you buy BTC?
- No, I bought shitcoin1, shitcoin2, shitcoin3 and shitcoin4.
- For crying out loud!

I’ll say it again - stupidity seems to be the rule here.
Greedy noobs, beware ffs, and DYOR.

ChartBuddy

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AlcoHoDL

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Addicted to HoDLing!

I will receive hell for this, but...

I read Bob's comments about his Lightning Node, and I wonder...

Is a Lightning Node a Black Hole for corn? Shocked

Sheeeeeit!

Remember, these are dee InterToobz, and this was meant as a semi-joke, but to also raise an ant-flag about LN's efficiency.

ChartBuddy

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Explanation

cygan

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icarus-cards.eu

gm wo folks!
it's time to have breakfast with the kids and give them the BTC code right away Grin

Wekkel

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yes

Quote from: JimboToronto on October 08, 2021, 03:35:26 PM

More humor:

https://finance.yahoo.com/news/vitalik-buterin-calls-mandatory-bitcoin-184654330.html

Quote

...tactic of pushing BTC to millions of people in El Salvador at the same time with almost no attempt at prior education is reckless, and risks a large number of innocent people getting hacked or scammed. Shame on everyone (ok, fine, I’ll call out the main people responsible: shame on Bitcoin maximalists) who are uncritically praising him...

LOL

OMG its those "Bitcoin maximalists" recklessly exposing innocent people to being hacked and scammed.

Good thing they didn't make your little scamcoin official too, eh Vitalik? Sour grapes?

Let’s invent a programming language that instead of encapsulating, makes everything’s accessible everywhere by default.

And then run money on it.

Absolute Bonkers.

It’s like inventing a car with safety belts making the click sound but without locking or doors that do not lock tight after closing. What could go wrong?

There are people in a better position to argue about software hacks or scams.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4604. (Read 26609133 times)