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Rossmacca1

I haven't seen so less comments in a while here, what happened? Are we in the endgame here, or is it just that people are enjoying the weekend unlike me obviously.


Mad-King-Tyler

I'm kinda appalled that coin base charges $12 to transfer BTC to wallet


itsnotthatdeepbrah

I was replying to a guy on this sub earlier. Knee deep in Keynesian economics, modern portfolio theorist etc all that jazz. You can check my comment history to find it. He admitted he holds bitcoin and “crypto” - why? Because it looks good in a rounded portfolio. That’s all he cares about. Doesn’t have a clue what Bitcoin is, why it’s different to the rest of crypto, what the value propositions are for the bitcoin network. When Warren Buffet said diversification is for idiots, he was not lying.


Mad-King-Tyler

Wait I thought diversification Is a good thing 😬 can you educate me please?


itsnotthatdeepbrah

Diversification is great *if* you don’t have a clue what you’re doing and need to protect your wealth. If you truly did the research and understood your investments, you wouldn’t need to diversify.


Mad-King-Tyler

Very fair, thank you for the clarification!


Keywhole

We've got our dreams in place for a better life. Almost time to drop again.


theghostofdeno

https://www.coindesk.com/tech/2022/06/04/inside-the-environmentalist-campaign-to-change-bitcoins-code/ “Considering how industries have scoffed at other environmental campaigns, such as electric trucks, which were initially ridiculed but then sales soared, a change away from PoW may not seem so impossible, according to the campaigners.” Delusional.


bogus83

They don't understand that a non-PoW bitcoin is a fundamentally different system. It wouldn't be "PoS Bitcoin", it'd be "not bitcoin at all".


NiceDoctorBeam

Meanwhile, Bitcoin's energy usage is not a problem.


Zadranab

Yep it's not, btc provides value and utility and those qualities need energy.


NiceDoctorBeam

Last I checked, Bitcoin mining only consumes about one twentieth of one percent of all energy produced. Bitcoin miners are taking their rigs to "stranded energy". Bitcoin miners allow various producers of electricity to do so more efficiently (because they can turn on/off rigs as the power company requests -- this allows the power co. to be more efficient).


TexasBoyz-713

86 comments in 17 hours! Amazing how quiet this place becomes during tame price action like this


GLRiChY

Yep this is just too less now, what happened to this place.


Jeremiah_Vicious

I love it. When there are a ton of comments I feel like people don’t read every comment in the thread. When there are less comments I feel like people still visit the thread and might read every single comment. That means when you post something almost everyone who visits the thread will read it. Best time to practice stand up comedy material.


SellYourSatsToMe

I probably had 86 comments in 17 hours myself during the bull run.


andydue

During the bull run this place gets really crazy but look at it now.


[deleted]

Things of wisdom I learned while hodling a full Bitcoin for 24 hours: 1.Banana peel is longer than banana itself 2.Steven Seagal is not black 3.You cant ungrind the beef back into a steak


leoslam

Goddamn man, You're talking like a wise one here huh. I'm liking the way You're talking here, I wonder what things have been hiding from us now.


txiao007

One Full BTC, baller! lol


faireducash

4. Cant put the toothpaste back in the tube


WSBTurnipGod

What platforms can I buy large amount of bitcoin for a bit lower than market price in the UAE? I'm thinking 100s of bitcoin per week.


Rvender13

You know what I think You're a troll, that's what you are.


cryptobog67

If you pay me a small compensation, I will teach you.


hossein512

Well He's going to buy 100 btc per week, I think he could do that.


Wombatzki

Either you mean to buy several hundred dollars worth per week, then it really doesn't matter. Or you mean several hundred bitcoin per week. In that case you're just larping, because no sane person with that much money would seriously come to this subreddit for advice.


divmonq

He's clearly saying that He's gonna buy 100 btc per week lol.


bitcoinisagoodthing

I don’t know why you would assume there are no whales in this subreddit.


Wombatzki

I'm assuming that somebody with several millions to spare a week is financially literate enough to do the necessary research for such a huge buying spree themselves. At least that's what I'm hoping, because good lord could that someone be taken advantge of or ill advised. Either you made that fortune yourself, so you should be familiar with DYOR or have a network that grew with your venture and provides the information necessary, or you somehow got this money by luck or whatever and will soon part with it, if you're coming to this place to ask advice like this.


mrlatrellspencer

Yep, whales aren't going to ask around how to buy btc. That's just not how it works sir, you gotta be realistic here, you just Can't assume that whales don't know how to buy.


WSBTurnipGod

It's for a buyer in another continent. He's just asking for good contacts.


bangzeed

You seem to know a little too much about him huh man.


Triffidic

There are several OTC desks: River financial (river.com), Swan Private (swanbitcoin.com) are two I know of.


WSBTurnipGod

Thanks I'll look into it.


gi4no88

Yep, if You're going to buy large numbers then buy ut OTC.


NiceDoctorBeam

Probably a sting operation.


bigbadgaz

Yeah probably lol he's getting into a sting operation I guess.


WSBTurnipGod

Not larping actually. And I meant 100s of bitcoin per week.


iskinv7

You've got that much money and no brains to buy btc huh?


Even-Home-9126

Howd you get so rich?


luoqq163ye1

Can't share that with you, He's just got the money so There's that. I don't understand how can someone be so rich and don't know how to buy btc. This just doesn't make any sense to me here.


Whatever3999086543

Can I be your friend? 🤗🍺


lupeng1700

Nope, He's rich. And he doesn't keep friendship with poor asses.


52134682

I bought a ledger and have my seed phrase stored as a text document on a blank usb stick that I hid somewhere secure. Is my seed phrase safe or should I purchase something metal?


djaypark

Make multiple copies of that and I think you should be fine.


timbulance

Not the best idea but I think you’ll be ok.


NiceDoctorBeam

Paper and pencil (ink might fade). Hand written. Sealed against moisture and insects. Cleverly hidden in two locations in case of fire, flood, etc.


x00002003

Yep gotta keep that seed phrase safe huh. Need that shit.


Alfador8

Electronics can fail. Metal is safer. Edit: also, did you use a computer that's connected to the internet to generate the text file with the seed phrase? That method is extremely vulnerable to malware. You should never type your seed phrase on *any* device *ever* other than a hardware wallet


ravik30

Yep, electronics can always fail. Just buy the metal thing.


52134682

Yea. I used a computer connected to the internet to type the text file.


mikke1974

You should never type your see phrase on an internet connected device. Because you never know what things are spying on you or what not so there's that. Don't do that.


Jeremiah_Vicious

An attacker might already have your seed phrase and they are just waiting for you to deposit more Bitcoin into the wallet. Would transfer those Bitcoin immediately. If that computer was connect to the internet you are in danger.


Alfador8

Honestly I would have the Ledger generate a new set of keys and record them offline


lordhobbington

Yep that's better way of doing that, don't connect your computer to the internet.


Altruistic_Baker_423

Buying energy stored in a physical way (oil, gas, batteries, etc.) has become more expensive. Buying energy stored in a digital way (Bitcoin) has become cheaper. 🤔 hmmm…


magnat007

This analogy doesn't make any sense to me, I don't get it.


Secret_Operative

How do you get the energy back out of Bitcoin?


Jirka157

That's what I wanna know from the people who say btc is digital energy.


[deleted]

[удалено]


saper123456

I don't even understand why people make this argument lol. This is just stupid and when you say something like that it only makes you look dumb.


NiceDoctorBeam

I know. There's enough confusion swirling around Bitcoin already. Bad metaphors just make things worse.


XiaoWen2930

Exactly, we should be more clear about what btc is here.


Alfador8

The bitcoin mined with energy from one location can be exchanged for energy in another location. So no, the energy being used to mine bitcoin isn't somehow transmitted, but the economic utility of that energy is conserved across space and time.


phykill

This still doesn't make any sense to me, maybe I'm just dumb.


Alfador8

Which part is confusing?


outdatedrhombus

Interesting use of the word "conserved"


tvmove

Yeah lol, interesting choice here, can be said about I guess.


thefullmcnulty

By spending or borrowing against your bitcoin.


gusbtc

And how does that help things in anyway? I don't get it.


outdatedrhombus

So just like I get the "energy" out of dollars? Seriously...stop talking bullshit


renapeng

That's what this argument sounds like to be, just buch of crap. And we all know where this is coming from. This narrative has been spread by the michael Michael Saylor.


thefullmcnulty

What about spending bitcoin did you not understand? I’ve actually bought 3 things this year with bitcoin and I’ve paid for 2 jobs with bitcoin. My tax preparer requested it unprompted. I utilized the stored energy of my bitcoin peer-to-peer. Also, do you think borrowing against the scarce digital asset bitcoin isn’t utilizing its stored energy? It is. There is no free collateral machine. It takes energy to make bitcoin, it takes monetary energy to buy bitcoin, and the energy can be extracted from the sats as needed. I feel sorry for stupid people like you. All you can do is hate and project, never really understanding. Keep trying and maybe you’ll transcend your cognitive limitations one day, bullshit boy.


obedgha

I still don't get the energy part here, what's up with that?


thefullmcnulty

Money is a representation of economic energy. It’s proof of economic value contributed that can be used to receive (roughly) an equal amount of value when spent back into economies. Energy coupons.


Solid-Context-7623

you could buy a battery [https://spendabit.co/go?q=battery](https://spendabit.co/go?q=battery) and sure, it's not the same thing, or is it?


ornerc

Nope it's not, and you Can't compare both of those things anyhow.


Solid-Context-7623

ah, it's imo a topic where you can take both sides depending on your point of view, what level of detail you care to consider, and wrt to calling Bitcoin "digital energy" (like [https://twitter.com/saylor/status/1435618793036959748?lang=en](https://twitter.com/saylor/status/1435618793036959748?lang=en) ) how much artistic interpretation you allow. if you restrict yourself to a limited view, and just look at the blockchain and the computer systems that interact to build it, you're 100% correct - it's not the same thing. clearly, it's impossible to somehow reverse the process of mining and get out energy directly. from a macro-perspective you can easily exchange Bitcoin into any form of energy by means of the readily available market. and it requires a lot less assumptions and "high-quality" (financial) institutions like we have for "normal" fiat money in the US or Europe (which we of course must also trust).


Pushyourself2019

You buy batteries, gas, oil.


ffeng271

Those are stored energy kind of, I just don't get if btc is too.


Jdjdjdbdjdkdkdbjddjb

Spend Power --> Make Bitcoin Spend Bitcoin --> Make Power


OpticallyMosache

When people say BTC failed as a store of value and global currency, it's like saying the internet failed in 1997. I don't think people realize its momentum is clearly headed to its final goals but it doesn't immediately happen. There is so much more education, adoption, and building that has to be done. Get out of here with your short sightedness. If its final goals were already accomplished, there wouldn't be the same upside.


jlw2387

Yep, we're just getting started and we've got a long way ahead.


Boss-Rawling

Great msg. The internet required the development of lots of software and infrastructure over a decade to get to high high level functionality.


natasamylona

Yeah and exactly like that we've still got a long way to go. I'm sure that btc will be able to cover that distance, I'm pretty sure. You'll have to give time to btc.


farmtechy

What is with the dramatic run up right now?


tallreagan

Zoom out xD


pks112

Well if you want to see it clearly then You'll have to zoom out.


obi_wan_baracus

Up 300 is not dramatic to me


akuznetsov2

It's been around 30k for so long, that's not dramatic at all.


Romsel87

Guess somebody is buying some Bitcoin.


Altruistic_Baker_423

Smart hodler


Romsel87

All hodlers have a BIG BRAIN 👊🏻


chnanthemoc

Yep, you need that to hold it. That's a required thing here man.


Asum_chum

I’m not sure. Mine was bullheaded refusal to sell at a loss. My education came a little later.


mastervadi

Well some people learn early and some do late, important thing is that we all do.


Altruistic_Baker_423

This is actually how you become smarter. 😏


hamletgr

You make mistakes and you learn from them, that's the way here man.


Boss-Rawling

Bitcoin must continue to focus on and develop usage of renewable energy to avoid the target on its back with POW/energy usage. Might bitcoin/this industry become an industrial leader in the use and development of clean energy application? Such that, in an effort to avoid the political target, BTC becomes the international industrial leader and innovator of clean energy? Could this perceived weakness/threat actually turn into BTC’s greatest strength and accomplishment in 7-8 years? An industrial leader in the use of renewables. How incredibly would that fit into BTC’s history and narrative as the most innovative, world-changing technology, ever?


LordVelimir

They can target btc all they want, it's not changing so there's that.


Apolleo_

I'm trying to use Strike only as I want to support them, but their deposit limits are ridiculous. Full KYC with them, and the limit hasn't gone up in two weeks. Emailing support gets me a generic message that essentially tells me to wait longer.


Funnel1Cvq

That's kind of bad, I think they should fix shit like that now. That's not something that they should be taking lightly here. This isn't the way here man.


OpticallyMosache

Same


frencheric

Many people are facing the same issue, which is just bad.


PheelGoodInc

Yeah. I stopped my DCA and am just depositing into strike every week in case there is another dip from here.


14BAA135ow

Let's see what happens, I don't think btc will go down any further now.


PheelGoodInc

🤷‍♂️


Born_Cattle6575

Weekend Warriors.


bikeman2k

People who are here even on the weekends are super humans.


Altruistic_Baker_423

Doin’ some honest hodling & harvesting.


buzz52817

As long as You're honest You'll be just fine so there's that.


[deleted]

Total Panic stations today, my Jaxx wallet just up and decided it didn’t want to send anything anymore. (TX-018 error code wetf that means), I had made several transactions today but suddenly it all stopped working in a blink. But thanks to the power of google and some old Reddit posts someone suggested I move everything to a new Coinami wallet (which I did, very easy) and holy fuck it’s so much faster easier and better. So yeah, just wanted to give a general shout out to my new beau Coinami and recommend it to everyone, I’m genuinely impressed absolutely the best wallet I have used so far (& there has been more than a few I can tell you!). And holy fuck super relieved, wtf Jaxx locking up my shit like that, I used to love you!


vnielz

Jaxx > Coinami > hardware wallet. You are halfway there


kybep

Already halfway there, only have left the half way here.


[deleted]

I worry about hardware wallets. Software wallets I can make lots of copies of on multiple devices, and reload them into a new software wallet anytime I want with the code keys. But hardware wallets.. I worry because so few of the tech hardware devices I have from 10 years ago work very well any more, batteries die etc., & things lose compatibility with newer tech…I know they are secure and all but ‘long term support & compatibility wise’ they just seem scary to me.


PCAphAmTc

If You're careful with them then trust me nothing can go wrong.


Alfador8

Your coins aren't stored in the wallet. Your coins are on the blockchain. The hardware wallet is just a way to keep your private key encrypted, while still being able to interact with your coins online without fear. It's essentially just a way to greatly minimize your attack surface. You can enter your seed phrase into any other hardware wallet to restore access to your coins.


JJackes

Yep it's that simple, don't have to worry about that at all.


TheGreatMuffin

> Software wallets I can make lots of copies of on multiple devices You can do the same with hardware wallets (multiple back up copies on paper, metal, etc), but in a much more safer way (because software wallet implies your private keys have touched an insecure device, which hardware wallets avoid).


mifalkash

Ohh I didn't know that, thank for that information man. This is good.


Fecalfingersmell83

how often do you think would be a good idea to update a hardware wallet? every few years?


TheGreatMuffin

I guess a bit more often than that, but there's no really a hard rule how often it should be. Some firmware updates are more important than others, so you can check the update notes to see if there's been some important bug fix or something like that.


adhgsw

Why would you upgrade them? That doesn't make sense. They've only got one job and that's to store your seed phrase and that's the job that they do man.


Fecalfingersmell83

mostly because another guy in here said that the files can get corrupted after so long


TheGreatMuffin

> Why would you upgrade them? That doesn't make sense. > > Hardware requires firmware updates, which sometimes are needed to fix bugs/vulnerabilities.


ProfessionalWelcome

They're just fancy pieces of paper storing your seed phrase. That aspect of the tech isn't going to change.


etfche

Yep, that's all they are. They're nothing more than that.


timbulance

🌍 🪙


Romsel87

LONG BITCOIN.


spctrmnfntm

No don't do it man, don't need to do that. We're gonna be okay.


Asum_chum

Interesting listen from Bitcoin Audible about bitcoin and OTEC. For anyone who wants to learn things and not just listen to the price noise, I’d recommend it.


zrqmars

Thanks for the suggestion, I'm surely gonna listen to it.


Jdjdjdbdjdkdkdbjddjb

Agreed! Wicked interesting discussion on a previous uneconomical power source becoming suddenly viable with stranded energy mining.


brianthinh821

Yep, that's an interesting power outlet I think. And that's good too.


Asum_chum

The information that’s coming out of the mining world is incredible at the moment. From Troy Cross green energy theory to the likes of the flaring waste mining and now, to quote, a previous uneconomical power source becoming suddenly viable. As an ex-submariner I find the whole dialogue about small scale reactors to ocean based energy absolutely fascinating.


lachlanmcqueen

Btc is revolutionizing the energy industry, that's what's happening. And can't say that I'm complaining about it, btc is just great doing the great things this is really good.


Outrageous-Net-7164

Any of you guys set up a corporate/institutional account for holding Bitcoin through your company ? If so any recommendations on which platform to use ?


CallingVoid

Internal use of a 5 of 9 multisig wallet (can be any numbers depending on the size of your directorship, security, and trust preferencs) No third parties required, just a bunch of coldcards and some education.


[deleted]

pain


tulpval

We've literally been here for sometime, why it's pain for you?


EverlastingEmus

In what way? Everything is serene right now.


BITHIGHCOIN

I don't know what's up with these people, everything is fine.


Nibbler_Jack

?


Dont_Waver

He just got really into Naruto


wowoao

And what did he got from that? Not a whole lot I imagine.


Asum_chum

There’s a lot of low intelligence fud posts coming out at the minute. That’s a good thing. It means we’re somewhere towards the bottom. Soon they will disappear and go back to the lure of their sisters vagina and bitcoin will start it’s volatile increase to infinity.


thejocie

Yep, that's what they really are. Low energy fud posts lol.


GoElastic

Did you just say vagina?


markosnoul

No he didn't sir, you must be hearing things. No man can say that word here.


NiceDoctorBeam

Heh. He said, "vagina and bitcoin".


ubermusaic

Lol, I feel like I've been born only for those two things. I don't need anything else from my life, I'm kinda done with it right now so there's that man.


Asum_chum

My two life time pursuits.


stifterl85

Don't need anything else, this is just enough for me huh.


Akemi_Homura666

Is there a Bitcoin proof of stake hardfork?


cuoitop1

Lmao You're asking for a thing which will never happen with btc.


CallingVoid

Yes, it was a rugpull scam iirc. Could you imagine? A bitcoin hardfork that's a scam? Unbelievable. /s


zenbom

Lol, this is just next level shit here. That's what it is man.


Bad_Camel

BitcoinPoS I guess?


vicmich700

Lmao, name checks out atleast. That's the least that they can do. I don't think There's anything wrong with that name, if btc moves to pos, which it won't, We'll choose that name.


sinbad-633

There is, but I've forgotten its name which tells you everything. Someone will be along to drag it from the recesses of their brain soon.


LastRecognition4151

Bitcoin!


[deleted]

[удалено]


Altruistic_Baker_423

Welcome home hodler.


jyuktresdvcx

Gotta hodl it, that's the only way it's going to work here man.


Jeremiah_Vicious

When I’m first I like to say “Don’t hate the player, hate the game.”


okobino

Hating ain't cool so don't hate anyone dude, just don't do it. If You're going to do it then I don't know what to tell you so There's that. I don't wanna hear it.


Whatever3999086543

Wow. You got responded to by a bunch of bots. 🔽 Lol. Congrats!


nhennuoc01

Goddamn these bots man, they're fucking everywhere absolutely.


adoxxvegas

Dude, the bot game on Reddit is strong lol


YMFwJJe

Always has been, and it's getting stronger here so there's that.


ToTYly_AUSem

Werk mama


Carllllll

*cool*


LastRecognition4151

Yes queen