Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5875. (Read 26715774 times)

Yes, a wild financial assumption. It is unimportant to know how much it turns out to be when expressed in dollars. What matters is the total economic output of humanity as it relates to 21 million coins. Let's assume you can also buy things with dollars, or gold, or salt, or water. Let's assume the weeks' worth on bread on the planet are 21 billion instead - or 210. Do these assumptions change the picture much?

Life insurance presented as investments are typically really bad at being investments. Better to buy pure insurance and invest the difference. You don't expect car insurance to buy you a new car, after all.

I think NFTs could ease and lubricate the trade of original limited edition art - but only for the traders: people who invest in art for its transfer of value over time. The enjoyment of said art is totally out of the equation here, which sounds a little weird when speaking about art. Besides, the applicability of these tokens to mass market production such as digital music or desktop pictures seems dubious at least.

More useful if it comes to adoption for other physical/semi-physical assets: stocks and gold are prime examples, as I said. Wherever re-hypothecation can be a problem. The tech should be much more refined to allow the tracking of each "item" (be it a single stock ar a specific ingot) singularly and in batches in a mathematically clever way.

Interesting times ahead, gentlemen.

Congrats. You should be able to live the rest of your life very comfortably even if nothing else happens from now. $5m invested in "safe" investments will return at least $200k per year on 4%. Your double digit fortune should probably and likely will triple or more in the years to come, if they are still in bitcoin.

At this point, it's a very good idea to just HODL as much as you can, maybe cash out what you think you need for the next couple of years or more, and live within that budget.

You're sending this from the year 2023+ in the future?
What's BTC worth?
 

Congrats btw.

That's actually a bright future, if you are assuming all currency or goods can only be bought with bitcoins. That means bitcoin took over all monetary systems already.

You make a CD, and someone will rip it to an mp3 format with no DRM....

It's already being done on things like iTunes or Spotify, while most people will pay a monthly fee, there are those who decrypt the downloaded ogg files so they can play them offline in any other device. Or find ways to download the songs.

And doing analog recordings (then back to digital) also work, but that's a rather roundabout way of doing it.

Aaah, the good old days haha

I remember trolling the fuck out of the Bitcoin community along with NotLambChop and JorgeStolfi...
It's sad that those 2 fucks fell for their own FUD in the end.

8+ years later I'm retired with a close to double-digit $million fortune. What an incredible experience it's been. Traded so many shitcoins I thought I would end up broke.

Congrats to everyone who made it.

With only 21 million BTC I doubt 1 BTC can ever only buy a loaf of bread unless you believe in a future where there is still digital asset trading and the population decreases 10.000 fold, regardless of the exchange rate to dollars.

It's become clear on the usually toxic area of Twitter that most newbies are glad to be even holding 1 BTC.
I reckon they will all be millionaires.
In a few years even holding 0.1BTC will be hard to achieve for newcomers. In fact, most people probably cannot achieve THAT without enormous saving effort already.
100BTC holders will live like kings, no doubt.

You: What a bleak future. No more than 21 million weeks' worth of bread on the planet! How many humans left?

Copyright laws and ownership laws already cover this. NFTs are not only unnecessary (and redundant), but not recognized by law. They bring nothing necessary that is missing to the table. And introduce new problems that don't exist.

Another solution looking for a problem that either doesn't exist, or is not really a problem.

^{(I'm gonna go out on a limb and just say it: young people are naive and stupid for believing in this NFT shitscam.)}

Pharaohs are mean. They killed everyone when they died. (Or everyone willingly got sacrificed for their great leader, thinking they will all accompany him to the next life.)

If you get revived, it might be possible you forget the seed code. Still, not a bad idea. You might have to spend a few corns today to get stored in deep freeze cryo cold storage... I think that's what Hal did.

If you did get revived, you should be able to remember something short and secure like an email password kind of thing. Your 12-24 word seed can be semi-private / semi-public (engraved or stamped on metal) with 0.0001 BTC in it, but you have an additional passphrase to the 1 BTC or 10 BTC stored in it. And another one with the rest of your stash.

Also depends on how you died, and if you can still be actually be revived.

For "proof", you can publish the address that contains 1 BTC. Anyone can look at any block explorer and see "hey, this dead guy is for real, wake him up damnit."


With only 100 BTC, you'll be very okay in the future, but you won't be a god. Remember, there are other gigachads who never died and have thousands of BTC, not to mention maybe the corporations that never sold are now masters of the other planets or something.

you: What year is it?
mad scientist that woke you up: oh, it's about a few thousand years since you died, does the year matter? gimme my 1 bitcoin, it's worth $100 billion today. Enough for me to buy a week's worth of bread. After you, I have a bunch of dead bitcoiners to wake up too, you're the 200th one, don't worry.

Bit of a dip back down to where we were yesterday. Oh well.

You know it's surprising how many people still approach me with the alt coin story "My mate had a buddy say Hex is the next big thing so do you think..."
NO! They are all pyramid copy cat schemes trying to siphon your money away from the greatest asset in the world. No one ever needed a painting asset to do something else than just exist and be kept safe: "yeah but this one has transaction tokens and that one has privacy built in and that one sends a pigeon to the moon when you use it so blah di blah di blah." Get fucked. All you need is the simplest digital asset that exists and nothing else. BTC.

I guess we can expect more of that as crypto goes mainstream.

Sigh... all I want to do is keep my assets safe in BTC, let them grow over a period of time, retire a bit earlier than I otherwise would and have young willing models such as Riley Reid sit on my face.
What is so hard to understand about that?!

+1 WOsMerit.

As for the term "Life Insurance", I interpret it as a pension (a lump sum and/or monthly payment) after a certain age, say, 60 y/o.

As for when I die, frankly, I don't care at all what will happen to my body. They can bury it, burn it, or throw it in the trash. When I die, that body won't be me. I'd recommend the cheapest and easiest way of disposing of it.

Think: "What would a Pharaoh do?"

Edit: This would also be a good time to do the cyronics thing. If you have nothing to lose, why the fuck not? Just get the following tattoed on your forehead and put on your tank:

Hello!
In my brain is the seed code to 1 bitcoin.
Revive me and it is yours.

Include the public key and a signed message saying the above on the bitcoin.

When 1btc is enough to buy a planet you can be SURE that people will do anything to get your mind back. Then go and withdraw your other 100 BTC and be a God in the future.

I have heirs. Even if you don't have any, you'd probably like to be buried and have everything taken care of, so there are "death plans" for that purpose. A small "token" life insurance plan assigning a close friend to be beneficiary and a "dead man's switch" email saying "here, you get $100k when i died, please bury my body somewhere, or cremate it, ble bleh and keep the change."

Congrats

^ What am I going to do exactly with those dollars when dead?

For those looking at health insurance, you might want to take a look at life insurance too. Start with Term Life 10 years or something similar. It is "pure" life insurance with no add ons, and is relatively cheap (depending on your age) for the coverage.

Something like $40 per month for $500k coverage for about 40 years old. Older is higher up to around 85 years old and the last decade is much much higher in premiums.

Then, the private life insurer might also have health insurance in addition to any government health care benefits you may already have in your country. It may be worth it to add to anything you have right now if you can afford a little bit, working or not.

As for our favorite hated alt, everything that didn't happen yet on bitcoin happened there, ICOs, NFTs, DeFi ... so it's probably worth it to take another unbiased look, and why you have the big boys also looking at them. There are literally thousands of projects that are on that space, with more than 90%, maybe even 95% not going anywhere, but there is that small 1% hidden gem and whether or not the tech is good, it might spark and give you excellent returns. DYOR.

Doesn't sound appealing, what they actually mean by "custodian for digital assets".