Bitcoin on the rise
Re: Bitcoin on the rise
ConstitutionDAO a decentralized autonomous organization has raised $46M in ETH to purchase one of the original thirteen copies of the United States constitution being auctioned today by Sotheby's.
https://www.sothebys.com/en/digital-cat ... ted-states
https://www.sothebys.com/en/digital-cat ... ted-states
Re: Bitcoin on the rise
So, a boot on the face can hack all crypto protocols? Seems like a great place to store all one's wealth that can be stolen and forever lost with brute force. Criminals probably won't figure this out, so keep pouring money into the "Greatest store of value in human history" unless someone can find a boot and put it on your face.white belt wrote: ↑Mon Nov 08, 2021 8:26 amMore examples of criminals using physical violence to steal cryptocurrency: https://beincrypto.com/spanish-tortured ... n-fortune/
Re: Bitcoin on the rise
You will enjoy this master list of physical attacks for bitcoin maintained by Jameson Lopp.
https://github.com/jlopp/physical-bitco ... /README.md
https://github.com/jlopp/physical-bitco ... /README.md
Re: Bitcoin on the rise
I don't really see you pointr. All assets can be stolen with force. Bitcoin isn't particularly easy to steal from that perspective.
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Re: Bitcoin on the rise
No. Multisig or decoy wallet with different 2nd password based on the same seed stops these. Learning rather than letting biases avert from trying to learn cost me multiples of my net worth. May learning help you some day.
Practice setting up cold yeti protocol for one example of how to do multisig.
Practice setting up cold yeti protocol for one example of how to do multisig.
WFJ wrote: ↑Sun Nov 28, 2021 4:30 pmSo, a boot on the face can hack all crypto protocols? Seems like a great place to store all one's wealth that can be stolen and forever lost with brute force. Criminals probably won't figure this out, so keep pouring money into the "Greatest store of value in human history" unless someone can find a boot and put it on your face.
Re: Bitcoin on the rise
Crypto assets are by design, untraceable and therefore once stolen, impossible to track. Crypto zealots can't have it both ways, it is anonymous or it's not. This is what makes it so attractive to criminals to hold, use and steal. Every protocol can easily be defeated with a boot and time. As long as criminals or governments can buy boots and find your face, all crypto protocols will be defeated and will be an attractive asset to steal.
Below is what happens when you report a crime to the tax supported police that your crypto assets or NFTs in the metaverse were stolen, which you can't prove were obtained in legal transactions or through legal labor, which also avoid taxes which is the sole source of funding for police services.
https://www.youtube.com/watch?v=v7acD4q0lp0
Below is what happens when you report a crime to the tax supported police that your crypto assets or NFTs in the metaverse were stolen, which you can't prove were obtained in legal transactions or through legal labor, which also avoid taxes which is the sole source of funding for police services.
https://www.youtube.com/watch?v=v7acD4q0lp0
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Re: Bitcoin on the rise
Crypto is a form of property protected by cryptographic keys. Typically, pseudo anonymous. It is very easy to trace unless you're using privacy-focused blockchains (ie-XMR, SCRT, ZEC), which are often a pain in the behind to use, even more than other currencies.
The cryptographic keys can be secured in many ways that make the keys anti-fragile without a single point of failure.
Highly recommend reading the "Sovereign Individual" to understand the second order effects of diminishing returns to magnitude of violence now that property can be protected with cryptography rather than nukes.
Re: Bitcoin on the rise
I joined the dark side. Since at c.1% of investable universe cryptos are now too big to ignore, I decided to put 1% of my NW in them, starting with £400 each into BTC and ETH, and will top up monthly until 1% target allocation is reached. It could be money down the drain but it's a bet I'm willing to take as the potential upside is perhaps as much as 5-10x greater than the downside. And even if they go to zero, a 1% hit to NW will not change my life in any way.
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Re: Bitcoin on the rise
Proud of you. More a technical challenge at your point. BTC & ETH on an exchange doesn't count though, gotta control your keys or else it's not the real thing and you can't do anything fun with it.
A hardware wallet will be worth it at some point. Cold Card (BTC), Bitbox02 (BTC & ETH), or a Ledger Nano X (many coins but closed source) are your best bets. Persistent TAILS usb dedicated solely for each coin would also work but more difficult and still a bit less safe.
Re: Bitcoin on the rise
Similar to @Bankai, I realised I could drop a negligible part of my NW in, on the chance of a 10x+ upside. I started this in Dec last year and, well I was up 10x now dropped to 5x, but seems to be paying off.
A tip incase anyone missed it: coinbase pro has cheaper fees than coinbase
A tip incase anyone missed it: coinbase pro has cheaper fees than coinbase
Re: Bitcoin on the rise
The annual Messari Crypto Thesis. Good read for those trying to gain perspective on the big picture of Web3.
PDF: https://messari.io/pdf/messari-report-c ... r-2022.pdf
PDF: https://messari.io/pdf/messari-report-c ... r-2022.pdf
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Re: Bitcoin on the rise
Great read. Thank you for sharing.Ego wrote: ↑Thu Dec 23, 2021 12:42 pmThe annual Messari Crypto Thesis. Good read for those trying to gain perspective on the big picture of Web3.
PDF: https://messari.io/pdf/messari-report-c ... r-2022.pdf
Happy to see we’re moving beyond the safe stuff like btc on here.
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Re: Bitcoin on the rise
Don’t remind me. My taxes this year are totally borked.
Re: Bitcoin on the rise
Yeah, they've had the crypto question for a few years now. Buy and hold has never been a problem. Staking rewards on the other hand. This is one of the advantages of doing things on an exchange. They send you a 1099-B.
It is only a matter of time before someone sells automated AI chain analysis software to the IRS that takes a cut of all back taxes collected. The amounts involved are too large to just let it pass. Pay now or pay + fine later.
It is only a matter of time before someone sells automated AI chain analysis software to the IRS that takes a cut of all back taxes collected. The amounts involved are too large to just let it pass. Pay now or pay + fine later.
Re: Bitcoin on the rise
Mining income will also be taxed soon.
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Re: Bitcoin on the rise
Renouncing is worth it for the yankees here if you don’t live in the US.
Re: Bitcoin on the rise
How's that inflation hedge working out?
Re: Bitcoin on the rise
As usual, it depends on your starting point.
1 Mo, BTC-USD is -25%
6 Mo, +12.3%
12 Mo, +10%
1 Mo, BTC-USD is -25%
6 Mo, +12.3%
12 Mo, +10%
Re: Bitcoin on the rise
How about three years? And adjust for volatility over that time.