Reddit Posts
‘MATIC can’t be compared to OP and ARB’, analyst weighs in
Does the latest Trezor Hack go further than they're telling us?
Newbie Guide to CheckTemplateVerify (OP_CTV) | BitcoinDocs
Bitcoin Filters Work By Default, and That's a Good Thing | To Filter Spam From Your Bitcoin Core Node, set “permitbaremultisig=0” & “datacarrier=0” in your Bitcoin.conf File | Use "blocksonly=1" to turn off your mempool entirely
Can someone confirm if the Taproot spend and tx signing explanation below is correct?
Day 3 after BTC spot ETF listing; not the market we expected?
The Bitcoin ETF news is massive, but no one is even talking about Bitcoin's BIGGEST Halving ever on 19 April 2024. GLTA!!!
All 11 bitcoin ETF tickers, for tomorrow. GLTA!!!
BitIDE - TapScript IDE with Local Testnet, Block Explorer and Custom Op Codes (OP_MUL on Mainnet P2TR!)
I'm trying to understand the exact mechanism of a UTXO spend...
UPDATE‼️! 9 Bitcoin ETF issuers have updated their applications today - which is the SEC's deadline for the first wave of Bitcoin ETF approvals... GLTA!!!
What happened to this sub? Have Moons doomed us?
How Victims get Phished through Reddit Forums, like this one!
Guys, My Portfolio Never Looked So Solid | BTC and ETH are the Big Guys | And, of course, Utility Coins, Meme Coins and Shit Coins
The first 2 sentences of the OP makes this hilarious imo
He lost his coins when hardware wallet spontaneously reset.
Polymer to use EigenLayer, the OP Stack and IBC to bring scalable and interoperable L2s to Ethereum
First blockchain Rick Roll incident? A tale about Cartesi, Espresso Rick Astley and Vienna OP
Mentions
This has nothing to do with the OP or the preceding comments. Are you implying you can outsmart homeland security, depth of treasury, etc, who employ thousands of highly skills computer/blockchain experts if they were coming after your for financial crimes? Lol.
This was pretty cool, thanks OP.
Because OP is lying or got scammed. Six S19j Pros would have mined far more than 1 BTC in 2.5 years - at least double. End of 2021 was an extremely good time to start because the hash rate came down a ton due to the China mining ban.
I had something similar happen OP, but in 2014. However I quickly sold the Antminer when I predicted this.
I’m not super knowledgeable about BTC, but I’ll attempt to provide some counterarguments. A.) I agree that consumers will move to higher layers to avoid fees. However, don’t higher layers give up a bit of security and finality? If so, and if BTC adoption really takes off, won’t there always be a large number of entities, such as corporations and governments, who are willing to frequently pay transaction fees on the base layer in order to have secure final settlement without too much delay or risk? I’m not saying they would do it to be altruistic. I’m saying there would still be market demand for secure base layer settlement, it just wouldn’t be coming from private citizens as frequently. I think it might still come from private citizens for certain larger purchases, like buying a home. B.) It seems logical that higher layer service providers would eventually charge fees. If they do, wouldn’t those service providers be incentivized to spend some of their profits on mining to secure the base layer? If the base layer dies, so does their service, so perhaps a Lightning service provider would also want to throw some money at mining. — Lastly, I’ll put on a different hat and temporarily assume that OP is correct, just for the sake of proposing a potential alternate solution which wouldn’t require uncapping supply. What if the base layer transaction fee structure was altered so that fees scale with the amount of BTC being settled, similar to how most traditional fees work? In that scenario, even if all the consumers move to higher layers, the transactions will eventually be batched together and settled on the base layer, and those amounts will be huge, so the miners will be rewarded. The companies would then probably raise their prices somewhat in order to offset those fees, and so ultimately, the consumers would end up sharing the cost of securing the network. Does that make any sense? Again, I know I’m not an expert, so I’m fully expecting to be corrected. Thanks.
OP, I already made this: https://github.com/mifunetoshiro/Seedshift Iz steganographically encrypts it with a date shift cipher (birthdays, for example - easy to remember).
Yeah I bought some video cards “back in the day” and ran them at the house for a year. I lost money at the time, but the fraction of a coin I did mine eventually went up. Also since I used video cards, I was able to eBay them. OP’s dedicated mining machine lost way more value than a few nvidia cards did.
My two only plays BTC and the only idiosyncratic stock. Thanks OP
There’s nothing wrong with OP’s post. He’s just playing devils advocate and trying to understand why people value Bitcoin and where does the value derive from
But unless you have a cheat code (running mining hardware at the manufacturer before selling it as cutting edge to the market, undisclosed ASIC boost for examples) or you have some way to capitalise on the heat generated, you could still use that fiat to directly buy crypto and end up with more. OP stacked 75% less Satoshi here, it's not like he would lose any of his 1 BTC to decay faster than newly minded coins. Have you don't the numbers on how much you'd have if you bought a lump sum instead of your miner and DCA buying it directly? Likely some multiple more.
Just report this shit as low effort spam karma farming which technically breaks this subreddit's rules on content standards and move on. You're not missing anything other than OP shilling and karma whoring.
OP, please explain the broken fiat system more.
Can anyone help me understand this financing with bitcoin vs fiat part? I mean I get that if you take out a loan in terms of btc the price could go up and you’re eating that. With fiat and inflation it is usually favorable to the borrower because the principle is actually less money over the years. But theres no loan in this story and everything OP bought was a one time thing at the conversion rate at the time. It sounds like the real problem is just that mining hardware goes obsolete quickly
How is half cent more than 3 cents? OP is saying it’s 0.6 cents = $0.006 That’s literally market heading energy prices. Unless he meant 6c then that would be awful
OP isn’t a dev neither a miner. He don’t anderstand that this issue as been discussed for years and the solution is clearly not to increase supply. Make me laugh
Why do you buy it OP, for the "technology"?
There's always someone who is profitable. It boils down primarily to your cost of electricity as that is the biggest operating expense. If you're not sub $0.05/kWh, you're not going to make it long term. Those with the cheapest power win the race. Most of the large commercial mining companies are after a profit in fiat terms. They aren't in the business to speculate on the Bitcoin price. If you're simply after a fiat profit and you have a competitive electricity rate, you'll make money. If you're like OP and the goal is to increase your Bitcoin stack, it rarely ever works out vs. buying it.
Not so. OP was asking about liquidating BTC to pay debts (admittedly I has assumed fiat, but not an unreasonable assumption that OP can correct if it's wrong). Consequently I reasonably asked about a fiat<->BTC protocol. It would be useful to know if such a protocol exists, not that I hold out much hope.
He's asking to liquidate to fiat as safely as possible. Don't be a absolute twat that doesn't even listen to OP's question. No one wants to hear your P2P/anti-CEX lecture/rant.
Same. I use whenever I meet OP's mom.
OP asks for 'risk adverse' and you give him a suggestion of P2P. Absolute twat.
OP is confusing spam attack with 51% attack. Contradicts himself constantly and keeps saying the same thing without actually addressing the flaws in logic.
You could swap out "Bitcoin" for "Dollars" in the OP and it would basically still be the same post. So, OP, since you can't do anything with your dollars - they don't make anything, build anything, provide shelter - you can safely give them all away and nothing of significance is lost.
The OP has a reasonable point and touches on a really important aspect of crypto - what can crypto practically do for people currently? We can store BTC as "digital gold" if you're so inclined. You 'might' be able to flee a warzone with BTC and potentially find a way to buy food with it (assuming you can circumvent AML), but from a day-to-day perspective, what can you really do with crypto apart from use it as a speculative asset? How is it really improving our lives? I say this as someone who owns plenty of crypto and has since 2020. I'm not anti-crypto. But I'm mindful to keep questioning its actual purpose and day-to-day utility.
> It is telling that OP's point has not been robustly addressed and quite a few comments boil down to "huuurrr duuur FUD". Mostly it's because the only objective answer to OP's (valid) critique/question is that "time will tell". There is simply no way to predict what the on-chain activity on the network & the bitcoin price will look like in a decade or a century from now on. So both sides just speculate.
> If somebody could actually propose and answer that would be great. There is no answer that you are looking for. Either there are many people/many transactions competing for the scarce blockspace = mining revenue is high after block subsidy disappears. Or there's not, then bitcoin as we know it is dead. Everything else is speculation. Saying that fees will be high is speculation, just as OP's view that fees won't be high is speculation too. In any case, if there's no meaningful on-chain activity in the future, then there's nothing to save in the first place, because that means people of the future simply do not care about bitcoin. Then it doesn't matter that it is not secure anymore.
There are countries where direct investment in USD is not possible at all. In this case, stablecoins become a good substitute. OP, don't even think about storing your money on CEX.
OP, at least you were able to recover your machines. I've read so many horror stories about compass mining, including compass losing other people's miners and ignoring emails when contracted mining warehouses were shut down.
"I'm planning ahead for 2140" - OP ( ͡° ͜ʖ ͡°)
Sorry, I was replying to different comment, not OP. But to adress your question, If my government will force me out of my country, I will be ready to deal with it. I expect the best but I plan for the worst.
It is telling that OP's point has not been robustly addressed and quite a few comments boil down to "huuurrr duuur FUD". You make a valid point OP. I imagine that access / usage of the baselayer will eventually be reserved for the institutionally rich, governments, hedge funds etc. They will have a shared interest in preserving the "status quo" of the network as a function of being the biggest holders. The "miners" in the sense that we understand them now will give way to these people, who will have no choice but to keep the system going as they depend on it to one extent or another or just in order to keep "the other guys" from taking control and causing havoc. That is \*IF\* BTC does become adopted at a sovereign level, which at this point is not 100% certain at all. At the end of the day it is very hard to speculate what 100+ years of development will do to this technology, to the global economic system, governance systems, to us as a species even if you take into account the way we are going with climate change etc etc...
Came to say something similar. I’d add that there’s no point in OP pretending last btc mines today, as we know when it will be mined with good accuracy. His argument does fall apart here, as he goes on to use current figures, although I can see why, as trying to extrapolate future figures like value and number of transactions etc is futile. OP doesn’t consider layer 2 solutions, when there is already lightning network up and running. But it is good to get people discussing these things and considering future obstacles etc
Not a half bad motto, actually. Lol. Nice work, OP. Sincerely.
OP is right, and the amount of back lash in the comments show that people really dont know enough about Bitcoin. What happens if/ when Bitcoin hard forks? What if the US government doesn't like the implemented features and pressures Blackrock into liquidating or choose the worse fork? What happens to your ETF? It slowly goes down while you listen to mainstream news about the ETFs the same way they talk about equities these days? Educate yourselves, dont get caught holding the bag or coping with a falling knife because your prematurely associated ETF with good and globally adopted. Dont always take the first marshmallow you are offered.....
Some of the altcoins still very bullish even if you start buying at Q1 this year. Most of them very risky, if the investor being greedy. So, I agree. Just choose wisely. If OP don't want to take a risk, just BTC all in
So you're saying ADA is a shit coin and suggesting OP to invest on meme coins ? This is an interesting take. (I'm not trying changing your opinion, just a comment)
This simply isn't true. Any situation where you need a verified audit trail can be suited to blockchain. It isn't the inky solution, but it is one option. As for the OP, yeah you _can_ make websites from blockchain and some have tried. But it is terribly inefficient and offers no benefit.
It might be a more useful (and readable) approach to take out the trademark logos and write a plain-text summary of what CoinVault provides. For example, this is not readable and does not explain anything at all: "To put it briefly, Hybrid Custody™ is a framework built on top of Smart Vaults™". Your reply above provides more information and context than the entire OP.
So OP “just released” somebody else’s old video, and would like feedback on its content?? If OP is not Tuttle Twins this is really bizarre behaviour.
What people buy/ do is none of OP f***g business, people can do/ buy whatever they want eith their money
I wonder how OP’s question would do in r/Bitcoin or r/Monero
Yes you do. https://law.stackexchange.com/questions/98497/is-reselling-prepaid-gift-cards-for-crypto-msb-or-not Id really prefer that OP doesn't go to jail
Start small and learn what you're doing. Don't get scammed. Any layer two like polygon, Arbitrum, base, OP etc.. are good to learn on, as you make transactions for low fees.
OP, in two places on your website, you indicated that "Digital Shop Cards can be used at any US, PR or CN Warehouse". I bet you didn't mean to say "United States, Puerto Rico or China Warehouse", right? You see, CN has always been the two-letter code for China. If you meant to say Canada, then you should use the standard two-letter code for Canada, which is CA. You should not use non-standard two-letter abbreviations. You should fix this. https://en.wikipedia.org/wiki/ISO\_3166-1\_alpha-2#Officially\_assigned\_code\_elements
Not OP but I just got a Trezor Safe 3 and it was very easy and user friendly to set up! Didn't feel confused at all any step of the way and I am in no way an expert in the field lol.
Nice work OP - it's a big STEP. This is the first asset you have truly owned. Many will feel some nervousness at first taking their sats into self custody, but you won't regret it. Hope you don't lose your keys some day in a freak boating accident like so many others. 😉
I don't have to understand crypto , but I do understand people. Greed is a human behavior. OP precisely asked who's not going to sell at all. Seller or holder, pick one ,you can't be both. Nice try.
Hey OP, so yeah this is a thing, I’m new to it myself. I will say this, i once put $65 in a coin , the bag reached a value of $530 less then a day, however by the time i noticed and took a profit it had reduced to $230. Long story short, they are volatile as a match and gas. Risk vs Reward 100%.
There's a huge difference between a retail store that contacts with a third party gift card vender and OP going out and reselling cards he's presumably personally buying.
Wallets these days use a new address per UTXO, OP was already struggling with how it works, there is no need to add deprecated complexity that won't affect them.
>every wise Redditor in this sub Who wants to tell OP?
OP you really should talk to a lawyer. Many people have gone to jail for what you're doing. The US considers this money transmission and you need a license in each state of your customer, the license requires you to collect their information.
Ok I think I deciphered this. The OP is saying instead of selling for fiat and taking capital from the greater crypto market. Why not just shift from one coin to another so that the capital in “crypto” in general is still there. OP is not considering that when people cash out they are trying to reduce exposure by taking their money off the table. What is proposed doesn’t work because it doesn’t reduce exposure it just shifts it. It defeats the purpose in the first place. That’s probably the primary “issue” with the suggestion in my view. There’s several secondary ones that come to mind.
I think many people have done this already but good luck OP
OP better improve lifestyle fast. Most have no sense of money until 30+
Yeah. Saw that happen to two different posts in this sub recently. Auto mod too OP? Idk.
It's actually a post from OP's alt account.
OP is not implying that $1 would've been $50k had you bought Bitcoin in May, 2013. OP is quoting what the dude said in this YouTube video. I think he does say that $1 would actually be $50k in 10 years or something along those lines.
It's easy. 1. Listen to a few Michael Saylor talks 2. Mindlessly parrot him. For the record, I'm as guilty of this as OP. Saylor is absolutely brilliant, and he might be the best salesman of any property... ever. Listen to him and your brain inevitably starts saying "buy more". But at the same time, we all need to remember that Saylor has the ultimate conflict of interest. He stands to gain more than perhaps any individual on the planet if Bitcoin price rises. That fact is too hard to ignore when evaluating WHY Saylor says anything. I hate being this cynical, but it's true.
The OP is just spamming Bitcoin posts nonstop.
Agree with this. OP is off their rocker
Isolation versus Integration. If I'm understanding the OP's point, huge institutions are involved with BTC and the pre-coiners aren't expressing their dismay at this having happened, and this involvement continuing to happen. While at the same time it appears that among the pre-coiners, a group of regulators and politicians, are kicking up dust about future integration of Bitcoin into more areas of the economy and they want to prevent that growth. From their own perspective this small but loud group of regulators and politicians are right to be concerned. Personally I just don't think they're going to be able to stop the integration. Politicians and regulators are losing social cred faster than the US federal debt is increasing. The incentives for integration are too strong and it makes too much sense for smart people to play along with the group that wants to isolate Bitcoin.
That is exactly OP’s point. These institutions spent the last decade trashing Bitcoin, and now they are buying in the shadows and people should wake up, freak out a little and understand what this means.
OP literally invest 100% of their money to high risk investment
Respectfully, we’ll disagree. People don’t have to upvote, so these questions won’t surface to the top. And people don’t have to answer if they don’t want to. Sone people- like me- enjoy learning through conversation (including online conversation) more than a google search. And we enjoy a q and a discussion more than a youtube video. Just personal learning preference. I think it’s great that OP wants to learn about mining. I provided the best answer I could.
Stand next to a BTC ATM, and offer a better rate than the machine does? I Don't know OP, I just hold.
The thing is, this entire bull run, whenever ETH was pumping, all of ETH-Layer-2’s were pumping harder (ARB, OP, MÉTIS) So yeah.
OP is gonna come at you for bad-mouthing his waifu 🤣
Briefly listened to a bit of the episode. The 10000 number is regarding some allegedly dead livestock or whatever the fuck. No idea why, couldn't bother diving deeper on audio. So it's probably not be correlated with OP's mention of the number. This woman, however, is batshit crazy. It's beautiful.
> this feels like you are scared to say a bad word about Biden. False. I was concerned about the OP's vectoring misinformation. > Edit. and it feels that way cause it appears you have more information about this than me, False again. I got **ALL** my info regarding Biden's veto promise from the link the OP provided. You could have done the same.
Sure, I don’t claim bitcoin to be the be all end all, but fact is just that most alts end up going nowhere. OP has held a bunch of failed alts since 2017, it’s clear these are not going anywhere. Only reason he probably would hold them is because of sunk cost fallacy. It’s probably best to get out and into something else, even if it’s not bitcoin it probably still makes more sense to sell it for another promosing alt.
OP doesn’t há cash app on France . From what understood op doesn’t want to keep a big amount on the exchange and wants to avoid high withdrawal fees as well .
Exactly, and that's up for everyone to choose. No one can tell OP the answer, because none of us knows. Yes, you could invest in some new AI/meme coin, and lose everything in 6 months. Or maybe you will get that 10-30x? Yes, you could invest in some other top 50 major alt, and see the charts stop to around its current standing, or with some modest 1-3x gains. Yes, you could keep the NEO and see it do a 8x from the current prices. Or it could stay at -95%. Unless you have a very huge bag in the 2017 coins, I don't see much point selling them with -95% valuation myself. No one knows sh\*t about f\*ck. But I agree, following the narratives is important in crypto in general. That's where the liquidity most likely goes.
> I think "key" would be a better word, Hard disagree. Ideally the layman shouldn't even need to understand what goes on under the hood. They need to know good practices. "Wallet" gets the point across what it does, while simultaneously indicating the main differences from a normal account. The wallet abstraction also matches the real life object much better than a key. A wallet contains money. It's an object you are personally responsible for keeping safe. If you lose your wallet you lose your money. If someone steals your wallet you lose your money. Keep your wallet safe. Keys are for your house and your car, not your money. That would cause infinitely more confusion. I lost my car key once, but I still have my car. Under the hood bitcoin use cryptographic keys, yes. But users shouldn't need to know what a cryptographic key is to use bitcoin any more than they should need to know it to browse the internet. >I'd say most Bitcoin "holders" don't realize they aren't holding it, don't take possession of the coins outside the network. See OP. That's because they have accounts, not wallets.
OP's post history is interesting. Anyway, these Solana memecoin posts are just scammers that shake the fries at McDonald's.
It seems that OP has already been scammed into a pyramid scheme with a "mentor" who has made $30K in last few weeks. Seems OP is getting some sort of referral for recruiting new people into this pyramid scheme.
The tweet's author knows how it works. You (OP) just don't understand sarcasm.
I directly addressed the question asked by the OP. Your just attacking me because you dont like what I have said but you cannot refute what I have said.
Jumping in here. I'm not the OP and not saying that the published rates are completely wrong or intentionally manipulated. But one inherent flaw of the baskets of products that are used to calculate inflation rates is that they are updated annually to match consumer patterns. One reason why consumer patterns change is substitution. If apples get too expensive, people start to buy pears instead. And that causes the CPI basket to ditch high-inflation apples and include low-inflation pears. The basket is slightly biased toward items with lower inflation. It's conceivable that this lowers the overall rate by a few percentage points. Personally, I also hate that real estate isn't included in the basket at all. They call it a feature, I call it a bug, as it ignores one major concern of younger generations in regard to price increases and retirement.
I agree with OP in the grand scheme of things there is a greater risk of loosing the BTC by a scam attack or a transaction mistake intead of a BTC ETF, I also own both but rather invest heavily in the ETF for my piece of mind
I really couldn’t give less of a fuck who this guy is or what he even said (I haven’t even watched the OP’s video), BUT… …calling him a Satanist repeatedly in multiple comments is not the big diss you think it is
People like OP think they can get rich like some off the stories they heard, but fail to realize those few who win big are as rare as lottery winners. If they just bought the better coins (especially in the bear market) or new emerging coins with great solutions, tech or RWA and had a bit of patiencie they could indeed 10X or 50X their money.
Oh look Trump is pro crypto better gargle his balls- OP probably.
If the OP is intent on using ETFs, I’m making the case against that.
it's literally mentioned in the OP image.
What OP is saying is that people hear you say,"I got some Bitcoin" and then go look into it and see it at $60k+ and are immediately discouraged not fully understanding you can get a few bucks in sats.
This. OP has to renounce his. US citizenship to escape tax liability.
But that also renders involving the bank a needless step then, does it not? You and I happen to agree on bank vaults. So that aside, with the OP’s implementation of a passphrase, what value does the vault add to his security? It just seems pointless.
Here you go OP: ➡️⬆️⬅️⬇️💘🏹↩️↪️↔️↕️⤵️
U.S. citizens have to file a tax return every year, regardless of where they live. In simple cases there is no double taxation. For example, if a U.S. citizen lives and works in France, and pays taxes in France on the income he earns there, this counts as a credit against U.S. taxes, resulting in a U.S. tax bill of zero. OP is screwed though. If he sells bitcoin in Switzerland for zero capital gains tax, he would get no credit against U.S. taxes, and would have to pay U.S. capital gains tax in full.
What you mean OP? I’ve only gained with Pepe and lost with stable shitcoins like VET
You've lost me here. OP said his investment is down 2k and he's obviously brought in the last month or two if that's the case. I've bottled it so many times over the last 10 years with different projects when I should have just hodl. If he sells now he locks in a 2k loss just before another bull run in my opinion
If you don't mind OP, how old are you?
If they exposed their seed mnemonic to an untrusted party ... for example, anyone who sees OP's tattoo.
Spending it is "selling" and you will be taxed on its capital gain. OP is a dumbass who is playing with fire and the moment the IRS knocks on his door he is royally fucked.
Be your own bank! Mint your own paper wallets! Bank Notes! OP SEC is for amounts over a dollar! GIFT SATOSHIs too the WORLD! they can figure out about private keys and xpubs on their own time!
You're wrong. Rich do get richer in PoS. It's a tale as old as time. If one group has 60% of a PoS crypto they will always dominate it. Always and forever. In a PoW system miners will at the very least get fees for transactions, given enough time and transactions the value will be redistributed. With PoS the ones holding 60% would always hold at least 60%. At the very least the rich would stay rich and the poor would stay poor. In practice the rich have certain financial advantages over the poor. Just like a rich person can afford a bidet and therefore could save money on toilet paper or could afford to buy it in bulk saving money where the poor person couldn't. It's the same thing with money. PoS is an inferior way to distribute value. PoS is not as extensively battle tested. Pos doesn't have market dominance and is a follower not a leader. Cryptocurrency has been built on the back of PoW. Bitcoin had a remarkably fair distribution compared to any other crypto I've examined and it is PoW. Mining pools are a strength of PoW, not a weakness, no matter how anyone might wanna spin it. PoS may be more secure in the short term. But that's about it. A 51% attack isn't what most people think it is nor is it as easy to achieve as one might initially suspect. Attacking PoS is cheaper than attacking PoW and will probably always be. Please don't edit your comments to make your arguments appear better. That's weak sauce. Unless you could edit mine, it's not gonna help you. Please if you're going to be this argumentative watch the video in my OP.
OP legit basket case. Seriosuly, OP, seek help, mental illness is no joke.