Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5328. (Read 26709845 times)

legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
[...]

But anyhow, yes, sometimes I did stumble a bit, including that there could be some difficulties to pass down the bitcoins when that mac truck hits the HODLer who has not properly written down instructions to the spouse and/or to other heirs, and surely there could also be a problem that if such good husband ONLY shares such info with such good wife, but the two of them get taken out by the same mac truck, then that might mean that such HODLer has inadequately accounted for weird things that could happen in terms of successorship, and there can be other problems or risks as well for when the house burns down, but the back-up happens to be in the house rather than in another building.. or if the other building is so god-damned close to the house, that they both burn down, and then there could be one fucked HODLer who has not adequately pee pared his/her lil selfie.

I am NOT even saying that I have these matters covered with even 95% certainty either.  I have some various systems and then back up systems and instructions, and then gosh, just going over some scenarios causes me to consider that my various systems and back up systems are not really very good for if "that random and surprise thing were to happen".. .maybe one of the reasons for sticking with bitcoin ONLY.. because shit, there are so many things to learn that it could become even MOAR complicated when adding a few shitcoins into the mix.

I haven't written any instructions anywhere, for anyone to get access to my coins if I get hit by a bus or whatever. And I don't intend to. I don't have children (yet, if ever), so I don't feel any evolutionary pressure to pass my coins on to anyone. I have lots of relatives (cousins, nieces, nephews), but, frankly, I don't see it as fair and justifiable to give them free coins just because we are genetically related.

There's no free lunch in this world, and there shouldn't be. Everyone should use their own brain and capabilities to position themselves in this world, financially, socially, intellectually. Everyone should get on their bike and work their way through life, without expecting someone else (parent, spouse, donor or whomever) to give them a free ticket.

So, if I ever die suddenly, my coins' value will effectively be spread and divided among all coiners out there. Evenly. Equally. Fairly. I feel this is fairer and more just than simply giving my coins to some spoiled brat niece or lazy nephew, just because they contain part of my DNA. I know, this sounds very misanthropic, and maybe I am a misanthrope to a degree, but, sadly, I see very few reasons not to be.

I actually have been thinking about creating a trust to fund a developer or something like that.. but such a thing might be a bit complicated, including having instructions to manage the trust.. it is a budding idea, and I am not sure how far my idea would be able to get beyond just thinking about the matter...
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2590
Merit: 4839
Addicted to HoDLing!
[...]

But anyhow, yes, sometimes I did stumble a bit, including that there could be some difficulties to pass down the bitcoins when that mac truck hits the HODLer who has not properly written down instructions to the spouse and/or to other heirs, and surely there could also be a problem that if such good husband ONLY shares such info with such good wife, but the two of them get taken out by the same mac truck, then that might mean that such HODLer has inadequately accounted for weird things that could happen in terms of successorship, and there can be other problems or risks as well for when the house burns down, but the back-up happens to be in the house rather than in another building.. or if the other building is so god-damned close to the house, that they both burn down, and then there could be one fucked HODLer who has not adequately pee pared his/her lil selfie.

I am NOT even saying that I have these matters covered with even 95% certainty either.  I have some various systems and then back up systems and instructions, and then gosh, just going over some scenarios causes me to consider that my various systems and back up systems are not really very good for if "that random and surprise thing were to happen".. .maybe one of the reasons for sticking with bitcoin ONLY.. because shit, there are so many things to learn that it could become even MOAR complicated when adding a few shitcoins into the mix.

I haven't written any instructions anywhere, for anyone to get access to my coins if I get hit by a bus or whatever. And I don't intend to. I don't have children (yet, if ever), so I don't feel any evolutionary pressure to pass my coins on to anyone. I have lots of relatives (cousins, nieces, nephews), but, frankly, I don't see it as fair and justifiable to give them free coins just because we are genetically related.

There's no free lunch in this world, and there shouldn't be. Everyone should use their own brain and capabilities to position themselves in this world, financially, socially, intellectually. Everyone should get on their bike and work their way through life, without expecting someone else (parent, spouse, donor or whomever) to give them a free ticket.

So, if I ever die suddenly, my coins' value will effectively be spread and divided among all coiners out there. Evenly. Equally. Fairly. I feel this is fairer and more just than simply giving my coins to some spoiled brat niece or lazy nephew, just because they contain part of my DNA. I know, this sounds very misanthropic, and maybe I am a misanthrope to a degree, but, sadly, I see very few reasons not to be.
full member
Activity: 287
Merit: 159
I like the concept of 'laying flat'..
"It describes young people’s preference to lay flat on a couch or floor rather than working hard to make a living."

I reject the inherent bias that "working hard to make a living" is the "right" way to live.
I completely agree.  As I always say "it's not about working hard, it's about working smart".

(I think I spend a couple of hours a week to make my "living".  The rest of the time I spend it building odd electronic devices, pieces of art, some C++ projects, and heading out to create mayhem with friends.)
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
History shows again and again,
How nature points out the folly of man.
Go, go, GOD_ZILLA

Er, I mean BitCoin.

You just reminded me of the Black and Blue concert I went to in 1980.
hero member
Activity: 605
Merit: 634
History shows again and again,
How nature points out the folly of man.
Go, go, GOD_ZILLA

Er, I mean BitCoin.
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"

Sounds like you have been using ur time very productively NOT Capslock  (or should we say "un" Capslock?)

I truly feel I have.  I haver been able to get my family in the "if daddy gets hit by a bus" zone and have everything all copacetic.

Managing bitcoin is ways that you do not leave yourself open to vulnerabilities is actually kid of tricky.  Not as hard as sending a ETH transaction... but close.

Surely a learning process to manage your coins, and a few days ago, I was talking with some friends about bitcoin, and these friends are repeat players (in terms of the bitcoin conversations), and we must have been shooting the shit for several hours about bitcoin, and sometimes mixed in with some other topics, but shit every once in a while I had to get quite assertive and just say, when you or you do not even know what the fuck you are talking about, but you still have a strong opinion regarding how bitcoin is too risky or some other seemingly half baked talking point inspired by mainstream clutterings of topics and scaring folks to death about all the troubles in the world.. which might not be a don't invest in bitcoin justification but instead a justification that says that maybe you should take a small position while you figure it out... I can ONLY hold your hands so much during the world's largest wealth transfer in the history of man.

But anyhow, yes, sometimes I did stumble a bit, including that there could be some difficulties to pass down the bitcoins when that mac truck hits the HODLer who has not properly written down instructions to the spouse and/or to other heirs, and surely there could also be a problem that if such good husband ONLY shares such info with such good wife, but the two of them get taken out by the same mac truck, then that might mean that such HODLer has inadequately accounted for weird things that could happen in terms of successorship, and there can be other problems or risks as well for when the house burns down, but the back-up happens to be in the house rather than in another building.. or if the other building is so god-damned close to the house, that they both burn down, and then there could be one fucked HODLer who has not adequately pee pared his/her lil selfie.

I am NOT even saying that I have these matters covered with even 95% certainty either.  I have some various systems and then back up systems and instructions, and then gosh, just going over some scenarios causes me to consider that my various systems and back up systems are not really very good for if "that random and surprise thing were to happen".. .maybe one of the reasons for sticking with bitcoin ONLY.. because shit, there are so many things to learn that it could become even MOAR complicated when adding a few shitcoins into the mix.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!


Sounds like you have been using ur time very productively NOT Capslock  (or should we say "un" Capslock?)


I truly feel I have.  I haver been able to get my family in the "if daddy gets hit by a bus" zone and have everything all copacetic.

Managing bitcoin is ways that you do not leave yourself open to vulnerabilities is actually kid of tricky.  Not as hard as sending a ETH transaction... but close.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2198
Merit: 1311
$40k, imminent!

$40k is impenetrable. Not gonna happen.
hero member
Activity: 2604
Merit: 961
fly or die
China having less mining is a good thing. And I think rich miners can still mine, they just need to invest in solar power plants and things like that.
legendary
Activity: 3038
Merit: 6194
Meh.
legendary
Activity: 3878
Merit: 1193
I like the concept of 'laying flat'..
"It describes young people’s preference to lay flat on a couch or floor rather than working hard to make a living."

I reject the inherent bias that "working hard to make a living" is the "right" way to live.
legendary
Activity: 1834
Merit: 4197
the evening wall report

It was a good day
Fought valiantly well, eyes bright
Brave warriors all


#dyor

squirrel climbs tree
1h



bull elephant lifts trunk and issues challenge
4h


bright eye
D


bushy tailed
W

#stronghands

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3990
Merit: 4597
I like the concept of 'laying flat'..
"It describes young people’s preference to lay flat on a couch or floor rather than working hard to make a living."
https://decrypt.co/73375/confirmed-china-orders-yunnans-bitcoin-miners-to-cease-operating-by-end-of-june
CCP and people like E. Warren will cause generational apathy.

In a long term, maybe 100 years, China will be another USSR or worse.
However, right now this s-t might cause some block delay..until the difficulty adjustment happens.
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