Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8798. (Read 26609927 times)

Interesting. Both of those elements were instrumental in my sexual awakening.

You still have 94 BTC until malware hidden in the closed source hardware of Trezor executes and drains the remaining BTC.

Did you generate the entropy yourself? Inspect the hardware with an electron microscope? Audit the source of every Trezor firmware update? 100 BTC belong in a multi-vendor, multi-hardware, multi-location, multi-sig setup.

I didn't listen to the podcast and likely won't. My brain goes through the equivalent of a gag reflex trying to hear past Richard's ego. Other sensory challenges including that crooked candelabra and game of thrones chair of his every video makes it impossible to not feel completely repulsed well before he opens his mouth.

Valid concerns. What you can do in the "thug-with-a-hammer case", is to store a very small amount of coins in the wallet that corresponds to the seed alone (without a passphrase), or use a second, decoy passphrase. So, if anyone comes with a $5 wrench and tries to torture you, try to resist as much as you can, and then reveal the decoy passphrase. Let him have whatever small amount you've put in there.

Perhaps an extreme case of plausible deniability would be this example:

You have 100 BTC. You store 1 BTC in the wallet with just the seed (no passphrase). You store 5 BTC in the wallet with the decoy passphrase. You store the remaining 94 BTC in the wallet with the main passphrase (which you NEVER reveal).

Thug-with-a-hammer kidnaps you and starts torturing you. You play difficult, but soon enough you reveal the seed. He gets your 1 BTC and sets you free. That's the best-case scenario. But he may be smart... He suspects you have an additional passphrase, so he tortures you more. You resist, and at some point you "break" and reveal the decoy passphrase in crying tears... You beg him to leave you the 1 BTC and take the 5. He grabs everything (of course) and leaves. You still have 94 BTC.

All of the above can be done with only one Trezor or Ledger, and there is no way for anyone to tell how many passphrases you're using in addition to the seed. In fact, you're already using an infinite number of passphrases (wallets), they're just empty. It's an immensely beautiful mathematical construct.

The above example seems quite extreme, I know, but soon we'll be hearing about such kidnappings, and we must be prepared. Bitcoin, being non-physical, is a double-edged sword. That's why it's a stupid, immature thing to boast and advertise how much BTC you have. Because if you're stupid enough to advertise you have 100 BTC, you can be absolutely sure that the "thug-with-a-hammer" will torture you like hell until you give him all your coins...

That's how i planned to do it originally, since i already have the ledger, but i wanted to keep it for active future use, with a small amount on it. A second one wouldn't be bad, i guess, but the main reason for keeping cold storage in a secured place is the "thug-with-a-hammer case", for example. If a family member gets kidnapped, i will have to get to the safe, for example, and i could call for professional help by asking an employee, without the bad guys knowing.
Just going through possible cases in my mind...

EDIT: Additionally, if i suddenly leave this life, i want my children and wife to take over the wallets. There will be trouble with the passphrase, i guess.

In general I like your thinking except in cases like this, where you either didn't read carefully or write without thinking. But I am in a good mood, so I will explain the obvious.
-If you sell your coins, you are not an owner anymore. You once were, but the statistics cover only the addresses with a positive balance NOW, amInotRite?
-If you transfer most of your coins to an exchange but keep at least some dust in one of your addresses, then you are technically still an owner.
-If you transfer ALL of your coins to a personal address which is given by an exchange, you are technically not an owner, because there is a chance that the exchange or a hacker can scam you and you won't be able to withdraw it back. You heard about "Not your keys, not your coins" (MtGox hinted).  BUT, I wasn't even talking about this case, because these addresses might be counted by this survey. I was referring to the last type:
-Finally, if you give ALL your coins to a friend, trust, OTC, whatever, and you don't have a personal address and ability to controll your bitcoins, then how the HELL you can claim you are an owner?!? You are a seller who is in process of selling, or shorting, or trading or whatever. The same applies for non physical futures trading. Why should we count those people as Bitcoin investors? They are like every other gambler who puts money on horses or whatever. No matter there might be millions of them. The point of this survey is to show the number of addresses hence people behind them (as an estimate), who are involved in real possesion of BTC at this particular moment. And this number is shockingly low <<28 mil, which is a very good bullish sign, so let's not spoil it with  nonsense verbiage anymore, mmmkey?

short version, life. nothing too major, just broke and barely employed for a few years. lost interest in the forum, among other things. moved, got a decent job that i'm actually kinda proud of again.

if you play games, seen the recent release a couple of weeks ago of the Age of Empires 2 Definitive Edition? i had a hand in it from the quality assurance side.

that and a guy i owe made me aware of how much signature campaigns can pay so... well... *gestures to sig space*

Once again good work, LUCKMCFLY, even if I think 2 of 3 graphs need more analysis.

Please tell me what should I read in the first chart: I see an horizontal line of dots without any meaning, to me at least. Also: what is an inflow? Fiat inflow? Or everything inflow? In any case: how do you measure it? If I weren’t a polite person I would say that graph is garbage.

Second chart is very interesting: 10 BTC is quite an institutional size, I see many guys willing to trade 10 BTC at once. I am quite surprised seeing Coinbase topped ho that list. Also surprises me seeing Gemini so in the back seats.

Third graph, again it would be interesting, but we know too little about storage management from exchanges to infer really useful informations.
 

No need for a safe. With Bitcoin, you are the bank! Just follow these simple steps:

1. Get a Trezor or Ledger.
2. Initialize it and write down the recovery seed.
3. Use an additional passphrase and keep it in your head (don't write it down).
4. Transfer your coins to that wallet (seed + passphrase).
5. Store the seed (but not the passphrase) in 3-4 separate places.
6. Done! Your coins are more secure than any vault in Zürich.

That's the beauty of Bitcoin. Being non-physical has its perks!
Now, try to do this with gold or silver...

I'm in central europe, on the countryside. There are different measures over here, but you never know, right? Somehow i'm glad they didn't call, i might have got involved with their services.

back on, these things always seem to take longer than you think

What country makrospex?

Never, ever, trust a bank "safe" deposit in the US, the banks raid them on the regular.

Me waiting for BTC-ATH vs BTC-nowadays rematch.....

Wine = getting me to that level.

By the way:
This week i was up for a visit to the bank. A bank of which i am not a customer of.
As i don't really want to keep my seeds and (future) paper wallets at home, i asked for the price of a safe and if the contents are insured an all.
Mr. bankster asked me about the value and physical size of the entities i plan to put in there, so i said it would be foldable paper and a handful of items of the size of a matchbox. When he asked me for the value, which determines price and insurance, i said it is volatile in value and it might be anything between x1 (by current btc price) and x100 or even more in the next 30-50 years. So Mr. bankster said he has to contact his boss, who is the local manager of the safe, who in turn should call me on the same afternoon for speaking about details and possibilities.
I never heard of them again, no call from either of the two.

Well, this leaves me with the impression that safes seem to be a pain in the ass for banks (or this bank only, idk).
I found it quite unfair to base the price to rent a safe on the value of the content. Insurance, yes, that didn't surprise me that much. Seems like they out the amount which was estimated the value of the safe contents for. I can't just pay only for the safe and insurance covers the value of all that's in it, in case of physical desctruction, theft and loss.

Trying to get useful service from a notary will be coming next. I'll keep you updated.
Bad luck, i cut my index finger today with a mitre saw, because of plain stupidity. I teared off the protection cover of the blade, because i damaged it with a piece of copper sheet that slipped and hit the lifting mechanics of the protector, so it became stuck. After the very next cut, when the blade was still rotating powerless, i made a stupid move and my index finger got hit by a few sawteeth. When the shock kicked in two minutes later, i had to sit down on the floor and almost had to vomit.
It's still slightly bleeding after hours and correct surgery, so my visit to the notary could take a little while and i'll cut down on typing for some days.

Is a interesting chart...



Source: https://twitter.com/madewithtea/status/1203255944009961473





Source: https://www.coindesk.com/bitcoin-volatility-is-up-liquidity-stagnant?utm_source=dlvr.it&utm_medium=twitter

Trailing..



Ohhh SHIT>>>

Where ya been? If you are being literal how was Hades?

insert various "mild shock" memes here.

i fear to tread anywhere near the politics and society section, knowing how BTC draws a... dramatic and wide variety of people and how.... volatile... times seem to be, in some ways.

Welcome back. Still the same shitshow