Reddit Posts
Krackpot: brute-force the Puzzle 71 wallet in your browser
6 BTC is sitting in a wallet that was built to be cracked.
Adoption increasing as Citi confirms Bitcoin custody launch for institutional clients, starting later this year
GoMining launched a zero-fee BTC payment protocol called GoBTC Pay - Preview
GoMining launched a zero-fee BTC payment protocol called - Preview
Do you treat all your crypto assets as long-term holdings?
How would the Coldcard attackers actually cash out the stolen BTC?
What are your thoughts on this?
As long as there's crypto, liquidity, and speculation crypto might evolve but won't die. Prove me wrong.
Is Abra legit? Considering using the yield product for BTC
Is Abra legit? Considering using the yield product for BTC
What is your estimated bottom price for this BTC bear market and when?
Some hopium from a veteran of the 2022 bear market.
Saylor's Strategy Adds $150M as BTC Buying Stays on Hold
Forbes highlights summer illiquidity and macro factors (CPI, Fed, Clarity Act) keeping BTC in consolidation. Are we breaking out or testing support next?
Are we wasting Bitcoin by only holding it?
BTC down ~49% this year, Strategy preferreds holding
Quiet sessions often reveal more than noisy ones.
The Coldcard Exploit (July/Aug 2026): xpub and the Theory of the "Blind" Brute-Force Attack
The market has been wrong evaluating Litecoin for almost a decade.
zach was right about "all hardware wallets are complete garbage"
Never have seen a BTC 1h chart which was more boring than this
Free $200 BTC I will teach you how to get it immediately signup with Robinhood App only
I audited DrProfit’s own VIP Telegram history from 2022–2026. Here’s what his actual prediction record looks like.
The Coldcard Exploit (July/Aug 2026): Why the "PRNG Bug" Alone Does Not Quantify the On-Chain Evidence
Is trezor the only company with no history of remote attacks on their HW
MSCI's Bitcoin Purge: Strategy and Metaplanet Could Be Kicked Out for Owning Too Much BTC.
BTC is already 50% off its high. Does that actually protect it from an equity selloff?
Anyone Got a ColdCard that had 1 BTC in it, and lost it all?
Do you think BTC becoming more mature and less volatile could help quality altcoins rise and most altcoins to fade away?
I audited DrProfit’s own VIP Telegram history from 2022–2026. Here’s what his actual prediction record looks like.
I audited DrProfit’s own Premium content history from 2022–2026. Here’s what his actual prediction record looks like.
The Coldcard hacker seeing the 0.00042069 BTC in my wallet
Best way to move old CoinJoined BTC back to an exchange?
Have you guys seen this new 5-second tap trading trend popping up in DeFi? What are your initial thoughts?
Altcoins and crypto ain't dead and BTC and ETH is not the only way (although it's the safest one). Prove me wrong.
What if Bitcoin wasn’t lagging M2, but actually front-running the liquidity slowdown? 👀
[Self promotion] Level of book data 2 on binance
How do you guys get your bias before day trading BTC and ETH?
Convince me Bitkey doesn't have security vulnerabilities
What alts are you guys buying or interested in?
Plot Thickens with ColdCard Hack "No researcher I have spoken with has reproduced a seed for any of those 153 source addresses [containing 132.95 BTC]…"
Which coin should I buy and start holding for the long term?
The Market Feels Different When you Stop Checking Every Candle
How much safer is cold storage really, once you factor in the person using it?
How much safer is cold storage really, once you factor in the person using it?
Why btc stuck at 60-65$k range?
Bitcoin is stuck around $63K… what’s the market waiting for?
Every BTC timeframe just turned negative, structure doesnt care
Working class people who invest in crypto, how are you actually managing taxes on this stuff?
I bought Bitcoin to escape the system. Then I needed the system to get it back.
Investing BTC/ETH or XAUT with $2k after clearing out some alts?
I built a market scanner that watches volume instead of price — 6 months in, here's what's under the hood
I remembered Vultisig's AMAs here, then the recent wallet exploits sent me back to look at why their approach is different
Bitcoin is sitting in extreme volatility compression again. The next move probably won’t be boring 👀
Bitcoin is back near the average cost basis again. Every major cycle bottom has visited this zone before… is this time different? 👀
Why 4H momentum out-performs standard 1D breakout rules in choppy markets
Mentions
Why bother when you can easily steal 1800 BTC from poorly protected hardware wallets?
Pretty good split, especially having BTC as the core holding.
Oh sorry brother! English is not my native language, however, you did understood me very well, right? That is because even thought my english is not perfect, I can perfectly communicate in this language with people like you that only speaks one language... sorry about that :) 2 -> Yeah, Gas fees is for ETH, and btc has BTC fees/transaction fees... same thing, different name. What is your point, dude? You remind me of that meme: "Sorry about grammar, English is not my native tongue! You speak english because that is the only language you know, I speak english because that is the only language that YOU know..." lol
I already explained how BTC is useful, and I even provided a concrete example. To help you understand the point in multiple ways. If you haven't gotten it by now, me repeating what I said 3 or 5 comments ago isn't going to help you get it.
For 6 BTC, its probably more worthwhile to just mine regularly
it doesn’t really work that way though. splitting the funds into smaller amounts and different wallets doesn’t make each amount “clean” or independent. the blockchain still shows where those coins came from and how they moved. exchanges and analytics companies can trace those flows even when the funds are split across many wallets. the amount being 0.5 BTC instead of 500 BTC doesn’t erase the connection to the original theft.
You forgot to add the • 1.0M BTC (5%) lost forever from self custody idiots losing their bitties.
BTC and SOL are longterm holdings for me because I actually interact with DEFI protocols and do stuff like staking and buying RWAs on Solana as well as lending stables on Solana. So it would make sense why I'd hold SOL longterm.
you have a first world perspective of this but there are a lot of people, specially in 3rd world countries, who can´t access a bank because the goverment failed the people, local currency hiperinflated and the money there became less worth than toilet paper. It happened to my mother in law, since 2017 my now wife has been sending her Bitcoin montly. Before that she used Western Union, which has atrocious fees. And in 2017 they freeze her bank account so she lost access to a bank and can´t open another account. I understand from your perspective that BTC has no value, but this is because you are living in a country where your currency "works". Is a way different story for many people in 3rd worlds countries.
BTC will be worth zero when humans are extinct, so this is technically correct.
not arguing against your point, just a small nitpick: technically speaking, BTC is *dis*inflationary by design, not deflationary
Convert everything to BTC and set a reminder to see how you’re doing 14 years from now
Maybe sell it to other hackers that has tainted BTC for 10% of the value
Yeah, that makes sense. Holding doesn’t necessarily mean BTC has to stay idle either. TBVs are one way being developed to give BTC more utility while keeping the focus on the underlying asset.
Nice strategy.. What do you think about the people exploring BTCFi instead, actually putting their BTC to use rather than just trading the swings?
Yeah, self-custody is both the freedom and the responsibility. Better infrastructure could make it easier to manage, while also opening up more ways to actually use BTC..
Yap, that permissionless aspect is a huge part of the value. I also like seeing new approaches like TBVs being developed to expand what you can do with BTC without giving up that core principle.
That’s one way to look at it, but I’d still consider BTC an asset. The network cost is part of what keeps the system running and secured.
I’d push back on that. BTC is starting to see more productive use cases too, especially through BTCFi, with lending, collateral, native staking, and other financial applications being built around it.
Haha maybe, but the utility side is getting broader too. Native staking, lending, collateral, and other ways to actually use BTC are still being explored.
I get the concern, but that lack of control is also part of why people value BTC. The tradeoff is whether the benefits outweigh the volatility and risks.
Yap, that permissionless aspect is a huge part of the value. I also like seeing new approaches like TBVs being developed to expand what you can do with BTC without giving up that core principle.
Blue Wallet is recommended through the entire BTC space. And Blockstream Green always offered single sig as well, i have one for years already.
While others a paying a mortgage I’ll be using that same money to buy BTC
While other people are paying a mortgage I’ll be using that same money to buy BTC. We aren’t build the same
My guess, is maybe we hit 53 to 55k in September or so from those expecting an October crash. But I think all the cash on the sideline will frontrun the expected October bottom. There just is not a lot of easy sellers left in the BTC market, I doubt we will go below 50k.
Liquidation scary. And just like BTC you can’t predict life
Even if BTC will get regulated to hell? Because it seems to be the trend right now. I fear (!) banks will win by just buying it out and over regulating.
Just like BTC you can’t predict life. Plus this may be this cycles bottom but it’s not my bottom.
Weren't you the one asking me about BTC in your cute, little quiz?
Yup! That’s the plan. Others will be paying a mortgage I’ll be buying BTC
Post is by: Somening and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1vrmqx6/first_time_investing/ I want to invest €650 which coins should i buy ? I was thinking €350 BTC, €150 ETH, €100 SOL, € €50 XRP. Is this a good investment, if not what should i change ? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
Team "I bought months ago after making profits and I'm not touching a single Satoshi until BTC surges above my minimum profit margin".
Splitting doesn't buy as much as it looks like it would. The chain is transparent, so if you fan out to 100 wallets, the common-input-ownership heuristic re-clusters them the moment you ever co-spend those UTXOs, and every output still traces back to the known victim addresses. The stolen tag is anchored at the source, so it follows the coins no matter how many hops or how slowly you move them, which is also why trying to blend in with normal withdrawals doesn't really work. The actual bottleneck isn't the on-chain shuffling, it's the exit. Turning tainted BTC into usable money means a KYC exchange, a mixer, or a cross-chain bridge, and that's the step that exposes them regardless of how many wallets they used. Sitting on it all in one place while they wait for a viable laundering path is simpler than babysitting a hundred, and a lot of these seed brute-force sweeps were automated to a single collection wallet by design anyway.
but does it really matter if they split it across multiple wallets? 🤔 it’s still on-chain and traceable either way. splitting it up might make it less obvious at first, but it doesn’t make the BTC disappear.
PassThePopcorn invitation for sale 350$ [https://t0rrentinvites.com/showthread.php?tid=923](https://t0rrentinvites.com/showthread.php?tid=923) Payment: LTC or BTC GOOGLE HANGOUTS ( Email ) >>> [theseller.ti@gmail.com](mailto:theseller.ti@gmail.com) Discord: theseller.ti Telegram: [https://t.me/T0rrentinvites](https://t.me/T0rrentinvites) Telegram: u/T0rrentinvites \------------------------------------------------------------------------------------------------------------------------------------------ Selling Empornium (EMP) invite 250$ [https://t0rrentinvites.com/showthread.php?tid=8031](https://t0rrentinvites.com/showthread.php?tid=8031) Payment: LTC or BTC GOOGLE HANGOUTS ( Email ) >>> [theseller.ti@gmail.com](mailto:theseller.ti@gmail.com) Discord: theseller.ti Telegram: [https://t.me/T0rrentinvites](https://t.me/T0rrentinvites) Telegram: u/T0rrentinvites
yeah, that’s the interesting part stealing the BTC is one thing, but actually cashing out hundreds of BTC without getting flagged is a whole different story.
Thanks for the publicly available info bud. Now why would you think it's my future? Are you shilling BTC by chance here? :)))))
Thank God I sold all of my xrp for BTC in 2017 best choice ever...
I would guess down further. …but I’m around long enough to know not to short BTC
I have the exact same strategy as you. BTC and ETH are long term holds. I don’t flinch no matter where the price goes. All other cryptos are speculative trades that I will happily swing trade
\* BTC \* Am I a joke to you
The fact BTC remained fairly static I think shows how much they've fought to keep the price from sinking any further at least. A whole bunch of idiots like Saylor are out there sweating over the very large, debt laden bets they made. There is a number below $65k somewhere that the unraveling will be nuclear
I would say the only way would have been speed and moving it to defi. Wrap as much BTC as possible then tornado it.
Can confirm as I am a seasoned bagholder. The only money I made on alts is during the short bursts when BTC starts pumping
Exactly it’s literally up 10x. People will always think they know better (they own .00007896 BTC @ 101k average).
PassThePopcorn invitation for sale 350$ [https://t0rrentinvites.com/showthread.php?tid=923](https://t0rrentinvites.com/showthread.php?tid=923) Payment: LTC or BTC GOOGLE HANGOUTS ( Email ) >>> [theseller.ti@gmail.com](mailto:theseller.ti@gmail.com) Discord: theseller.ti Telegram: [https://t.me/T0rrentinvites](https://t.me/T0rrentinvites) Telegram: u/T0rrentinvites \------------------------------------------------------------------------------------------------------------------------------------------ Selling Empornium (EMP) invite 250$ [https://t0rrentinvites.com/showthread.php?tid=8031](https://t0rrentinvites.com/showthread.php?tid=8031) Payment: LTC or BTC GOOGLE HANGOUTS ( Email ) >>> [theseller.ti@gmail.com](mailto:theseller.ti@gmail.com) Discord: theseller.ti Telegram: [https://t.me/T0rrentinvites](https://t.me/T0rrentinvites) Telegram: u/T0rrentinvites
Quantum tech doesn't care about SHA-256—it targets ECDSA. This means Satoshi-era wallets holding over 1 million BTC are completely exposed. A quantum attack wouldn't even need to sell the coins; just moving them would trigger a historic panic, tanking Bitcoin’s price effectively to zero as the network's core security collapses.
BTC > all ALTcoins Stick to the real deal.
BTC is a long-term play. ETH is questionable as the projects supporting are mainly based on throughput, not store of value. Everything else just exists to wait for a pump and sell, here's where you need inside information for an edge.
Where was the first place selling BTC? Mt gox was the biggest back in the day but was it the first?
Okay, so 14M dogecoin mined per day is about 1 million dollars per day. Compared to BTC where each day 28M $ is mined. Dogecoin shares mining with LTC, so it's fairly secure chain. But everything rest, yeah it's a shitcoin but not the worst. I would say 99% others are even worse.
A line with BTC dominance over time would do.
Why would you think BTC will survive long term? There are no signs of a solution to the security budget issue, meaning that the network will become more vulnerable to an attacker with every halvening. https://budget.day/ Bitcoin was already in second place in terms of the cost to attack the chain 2 years ago, though I would not be surprised if you weren't aware of that: https://www.bitcoininsider.org/article/241367/how-much-hack-bitcoin-and-ethereum-new-study-reveals-price And entirely separate to that vulnerability in mining is the threat to old wallets from quantum computing... https://quantumai.google/static/site-assets/downloads/cryptocurrency-whitepaper.pdf This is a much more unknown risk as its timescale is dependent on the speed of development of new technology, rather than just the predictable slow decay from halving mining rewards, but experts are clearly concerned. Quantum attacks don't harm the chain itself, but could derive the private keys of crypto in old address. Estimates put the amount of BTC in vulnerable address as about 1/3rd, not just Satoshi's coins but any old addresses from that era, including those that are often referred to as 'lost coins' that owners no longer have access to. There is a proposed solution for this one, but it is to effectively lock old coins https://www.learnbitcoin.com/glossary/bip-361 This is unsurprisingly quite controversial when the one remaining narrative of BTC's use is as a 'store of value', and devs are suggesting taking away access to your assets if you have held them for too long without moving them. Less talked about is the fact that the chain has such a low TPS throughput means that even if everyone in vulnerable addresses wanted to move to more secure keypairs it would take something like 2 years for the network to be able to process that many transactions! So yea, it seems somewhat naieve to think BTC makes sense long term.
BTC is een bedreiging! Na mijn mening willen grote partijen zo veel mogelijk btc bezitten. Is je btc niet veilig is het niet jou btc.
Yeah, I still do, but after how bad that last run was, with no altseason and all, it's probably best to stick with just BTC tbh. But I'm sure a good amount of people will still have their small plays they hold for the long term into the next run. That's usually how it was done, with more success for decent picks, until last cycle.
My target is to have a 5% of my portfolio on BTC
Don't forget this guy is driven by wallstreet not BTC, he creates an financial instrument that can be integrated in high risk emerging tech funds.
Recent large scale exfiltration of BTC from Cold Card company vaults.
No it doesn't, maybe it does for third world countries or countries were banking services haven't caught up with modern times. Cheques - don't use them Mininum spending - don't have it Charged for withdrawing - nope Overdraft fee of $ 25 - nope, only interest, btw you can't overdraft with BTC Overseas transfers - seconds
Layer 3 / FinTech Wrap: This uses traditional centralized banking rails to give Bitcoin spent velocity. It integrates BTC into the economy by turning it into an underlying balance-sheet collateral asset rather than a direct medium of exchange. Layer 2: How Bitcoin scales without a middleman like Coinbase, -----> the Lightning Network. Lightning allows peer-to-peer microtransactions off the main chain with instant finality and sub-cent fees, preserving self-custody while solving the speed issue natively. The end consumer experiences instant transactions, universal acceptance, and zero need for the merchant to understand or directly accept crypto. You don't need every individual Starbucks purchase to settle on the Bitcoin base chain for Bitcoin to be useful in the economy, just as everyday credit card swipes don't trigger immediate physical gold or central bank wire transfers.
Never ever enter that on an online computer. Go to [bitaddress.org](http://bitaddress.org), disconnect your computer from network (you can as well save that page and open it on an offline computer), enter that probable private key in the wallet details tab. If it is a valid key you'll get the according public BTC address. Save that Bitcoin Address, then reboot your computer. Now you can look up online in a blockchain explorer like [mempool.space](http://mempool.space) if there are funds at that address.
With only $500 I would tbh not bet on major ones like BTC or ETH. Buy Hyperliquid or Solana instead - those both with outperform of that I'm sure. BTC and ETH is safe play but I guess the outcome of both with such small investment would be neglectable.
You’re just wrong. Enterprises can and are upgrading their security. BTC can’t migrate without forking which as we’ve seen before, never works. It’s literally a time bomb.
Where did you buy it? When is the "*white paper era*"? E.g.: The white paper was published in October 2008. The genesis block was mined in January 2009. The first bitcoin exchange was likely 2010, as was the first commercial transaction (10,000 BTC for 2 pizzas). I'm afraid we'll need way more details, if anyone's going to be able to help. Do you have some kind of email receipt with a date & seller details?
Okay, first thing is first. Do not reply to anyone in your DMs. Second thing is, when you purchased it, you must have sent it to a wallet. That wallet must have a private key and that is how you can access and move the BTC. Where did you buy from and where did you send it?
Alt coins are so damn unpredictable compared to BTC I'd rather settle for some relatively smooth movements than whatever rise or dips that come with them other coins
Reputable open source wallets like Blue Wallets, Blockstream Wallet, Electrum or Sparrow are very good and secure hot BTC-only wallets with no history of serious and continuous breaches.
For BTC-only I recommend Blue Wallet or Blockstream Wallet (former Blockstream Green) as temporary hot wallets. Don’t look anywhere else.
Ouch, move any BTC tied to the same seed into a fresh wallet generated on a clean hardware device, and don't reuse that seed anywhere. The receiving address collecting more funds doesn't explain the compromise, but reused seed words, cloud backups, fake wallet apps, or exposed private keys are the first things I'd check. Don't answer DMs offering recovery, because confirmed Bitcoin transactions aren't reversible
summary for us lazies and those of us wanting to avoid the cancer causing layout of that website # What happened * Markus Thielen of 10x Research reportedly argued that **$1 million Bitcoin before 2030 is mathematically impossible** because BTC would need to rise from roughly a **$1.3T to \~$20T market cap**. * His argument assumes this requires roughly **$15T+ of actual new capital** entering Bitcoin. * The author argues that assumption is wrong. # How it works **Market cap ≠ money invested.** Market cap is simply: **Bitcoin price × circulating BTC** Prices are determined by the **marginal transactions between buyers and sellers**. If increasingly aggressive buyers encounter few willing sellers, relatively modest buying can push the marginal price substantially higher—repricing *all* Bitcoin for market-cap purposes. So Bitcoin gaining $1 trillion in market cap **does not require $1 trillion of net inflows**. # Why it matters This destroys the **“mathematically impossible because $15T must flow in”** argument. But it does **not** establish that $1M Bitcoin is realistic by 2030. Sustaining a \~$20T valuation would still require extraordinary global demand and willingness to hold BTC at those prices. # Bottom line The article's central distinction is correct: **$1M BTC may be extraordinarily ambitious—but you cannot mathematically rule it out by treating market-cap growth as equivalent to capital inflows.** That is simply **not how market pricing works.**
Excellent advice. Just this morning I got scammed and one of my wallets was drained. The scammer posed as part of a legitimate help thread on Discor - when I clicked through for help had to “reconnect my wallet“ and within 10 minutes, I watched it drain away my BTC. Thankfully, I had switched over some of my coin to two different other wallets about a month ago. I lost a quarter of my stash and I’m still sick about it but to keep your Bitcoin diversified in at least two or three wallets is a terrific idea. Also consider installing Electrum. Apparently, they have a method for interrupting a transaction by charging a higher fee, and there is a potential to get some of the stolen coin returned. Unfortunately my transaction was complete by the time I got it installed. It was recommended by Exodus and I’m gonna keep it installed.
BTC isn't free. You gotta pay a spread AND fees to buy. Then, you gotta pay to fees and another spread to transfer and sell. So, BTC does have plenty of "charges" to use. So, yeah, it's not free to use.
What about tokenized deposits? Crypto technology to represent bank deposits without actually buying BTC
The international transit part is quite true. Now I use BTC to send money abroad.
I don’t believe there’s any overlap between processing for AI and processing for BTC.
So he wants to turn BTC into fiat. No thanks.
If BTC's hard cap is removed, I would go with Monero.
He sounds like a bank arguing why BTC hurts their business No thanks lmaoooo
For a first crypto portfolio, I’d personally make **Bitcoin the clear majority**. I’ve been through multiple cycles, makes perfect sense to have higher Bitcoin allocation, otherwise holding anything else you will round trip. Allocate something like: **70–80% BTC** **10–15% ETH** **5–10% SOL** **0% XRP / SUI for me** Why heavier Bitcoin? Because it has the strongest track record, deepest liquidity, clearest market cycle, and the lowest chance of simply disappearing versus smaller crypto assets. I’d also split BTC into two bags: **1)HODL bag** \- long-term, ideally untouched. **2) Swing bag** \- accumulate during the bear market, take profit near the next major cycle top. For ETH/SOL or any other altcoins, I’d treat them differently: **I would plan to sell most or all near the next Bitcoin cycle top and rotate profits back into BTC or cash.** And with Bitcoin still in a bear-market zone, I’d personally be buying more now through DCA rather than waiting for everything to feel bullish again. Good luck 🍀 [Bitcoin Bear Market DCA Playbook](https://youtu.be/JXvr49ECTuo)
There’s no magic minimum. There’s also no maximum, and once you start you will find it hard to stop. What matters now is getting started asap**, especially starting now during the bear market and staying consistent, and increasing the amount you put into Bitcoin as your income grows**. $100 probably won’t change your life on its own. But $100 every month for years can become meaningful, especially if you’re buying harder during bear markets rather than chasing pumps. For most people, I’d focus less on “how much is enough?” and more on building toward milestones like **0.01 BTC, 0.1 BTC, then beyond**. [Bitcoin Bear Market DCA Playbook](https://youtu.be/JXvr49ECTuo)
My theory, is they hid a lot of their loot during the great migration of BTC following wave 1 and 2. The main pool addresses were just decoys.
Use the lightning network with BTC > L - BTC > BTC > L-BTC
They can afford to wait, and they can bribe employees at blockchain analysis firms deflag coins/break links. These firms aren't incorruptible (and some could argue that most of them have been corrupted from the start.) If governments can pay for their cooperation, so can a wealthy thief with millions to offer. Compromised employees then have their own incentive to cooperate as deflagging coins helps obfuscate the funds, which benefits anyone holding the stolen BTC. of course there are independant analysis that would still notice or catch it eventually but as long the main sources relied upon for AML by offramps/exchanges it will be easy to cash out reasonable amounts at a time.
That's exactly it. You stop caring about what BTC is worth relation to $. You start seeing your net worth in BTC. And yes, you use BTC as money. Spend and replace through exchanges.. but that's just not advantaging for the early adopters.. they found their own edge. And it lies in waiting for the end of the US $ era. Before fully adopting the spend in exchanges way of life.. wait for the increase of value to stabilize for BTC.. when BTC will be mostly flat, it will be used as money. Volatility will evaporate eventually.. adoption.. slow but steady.. less people wanting to sell is actually stabilizing prices and it's a good thing for adoption. 🤷
Why is it always people with 1 or 2 posts ever and low karma that suddenly have their BTC taken in a cryptic manner? 🤔
To the BTC is dead: I suppose that is why it has the largest market cap of all crypto?
the money will be mixed countless times over and over and sent through multiple wallets. This will keep going for a while to make it hard to trace. These eguys probably won't be cashing out via crypto but most likely in platforms that offer sports betting like Robinhood and polymarket. This acts like washing money. The BTC stolen will be allocated in new ventures to wash the money as well. Cashing out btc would be to hot.
> a) I just wonder if the short term incentives and consequences for the decision makers didn't really align with the greater good. I don't invest into banks, as I think they're generally a slow growth business that is hard to make money off unless you're Warren Buffett. That said, in general any business that are quarter to quarter and aiming short term, I avoid like the plague when buying stocks. I don't need quarter to quarter improvements, and business is naturally choppy. They should be doing things for the long term benefit of the company and shareholders, rather their own self interest first and foremost. Their interest should align with shareholders. > b) Think that insurance is up to $100k which is nothing in terms of any business and even individuals with some cash saved. I think the government back stopped the rest. Either with tax money or by just printing more, which dilutes the supply and decreases the value of each dollar. So I think everyone pays either way. They collectively pay a certain percentage of your deposits. It's obviously a small amount of the total amount, but ultimately it is a cost that matters, eat into their profits and is at the present time sufficient to cover it as it's so rare. If it was a real problem, I'm sure they'd raise the cost or crack down. That said, I'm not a specialist and maybe others can fill more in. > c) From what I understand, payments has been overrun by middlemen taking pieces of the pie. Payment gateways, PSPs, payment processors, card networks, acquirers, issues etc. With crypto you can send money and the only middleman is the miners. So even with regulation, it doesn't necessarily mold to the current payment system. Sure, but it doesn't change the fact that it's basically free for me to send money via ACH. If you're talking about credit cards (which it sounds like it since you're talking about the payment process, card networks, etc), the cost is overall pretty small, and ultimately it provides card holder protections. The sort of thing that is problematic with crypto if something goes wrong. After all, none of those things exist with crypto. It's once, sent, it's done deal. Even the government cannot compel you to transfer it back (albeit surely not without repercussions). It's not like they can go to a bank and say, hold their assets. So it's a double edged sword. > d) Bank runs happen because banks are allowed to lend out more than their deposits. They only need to have a small fraction of deposits. And a ton is handed out as loans to other people. So when the depositors come to withdraw in bulk, the bank can't meet the demand. Regulated crypto markets don't have that problem (at least in the markets I've worked in). Assets need to be held 1:1. When it's allowed to be lent out, it has to be spelt out in black and white to customers and the customer must opt in. Also self custody means that it can't be lent out. Of course that comes with other risks. Without crypto being lent out, it's not possible to have a bank run in BTC unless the exchange is breaking the law. Bank runs can happen in fiat when banks are following the law. Sure, but the issue is that the value of BTC goes down and the cost of withdrawal goes up. So you might get something out, but how much and what will it truly be worth? Also, what happens if quantum computer breaks crypto? That mathematical guarantee no longer holds, and do you think anyone will pay you for that crypto if that were to happen? In other words, it's not really "bank run" that the "system" runs out of money, but instead your crypto money is worth essentially nil. Ultimately it's basically the same to the end user. At least with the bank going under, the government backs it up. Nobody insures crypto and there's no mechanism for the government to stop the withdrawal or whatever is going on. > When it's allowed to be lent out, it has to be spelt out in black and white to customers and the customer must opt in. Also self custody means that it can't be lent out. Of course that comes with other risks. Without crypto being lent out, it's not possible to have a bank run in BTC unless the exchange is breaking the law. Bank runs can happen in fiat when banks are following the law. Yes, but let's say you're staking to earn interest, there's a real risk your crypto could be lost. It's the very nature and intent of the system that risk is real and it's by design. It's next to impossible for you to loose money you deposit at a bank and get interest, because it's backed by the government. If you say, well I just won't stake it. Well, then you don't earn interest If you lend it, you incur direct risk from whoever is loaning that money..... > Think there's a lot that we agree on. You raised some good points. Especially the shareholder value for reckless banks. That's a decent consequence that I hadn't considered. Like you, I'm also learning and understanding so it's always good to have discussions. Some times my thoughts are wrong or didn't account for somethings so the more we talk about it, explain it, read each other responses, the better the ideas become. So thank you for having the discussion with an open mind and sharing thoughts!
It's bad but it's more of a "get to work or else". Folks, Coinbase is thinking we got 3yrs before coins and their dev team are required to make them quantum resistent, per the article...it's time to really look at your bags and understand memes will be wiped out, alt coins should be stressing it and rushing to make things resistent, while the big boys like btc should remain untouched. Quantum computing can be a threat to keys, not BTC necessarily, and exchanges like Coinbase are getting ready for migration. We're headed towards The Great Crypto Wipe
33% of my portfolio and I purchase 1k every week and have been doing so for years!! BTC is the best asset you can purchase in my opt!!
Yeah, agreed. Laws should probably be updated in both crypto and fiat. a) I stand to be corrected but I think the bankers that created the problem walked away many times i.e. Not having to pay back bonuses and no jail time. Good point on investors though. I just wonder if the short term incentives and consequences for the decision makers didn't really align with the greater good. b) Think that insurance is up to $100k which is nothing in terms of any business and even individuals with some cash saved. I think the government back stopped the rest. Either with tax money or by just printing more, which dilutes the supply and decreases the value of each dollar. So I think everyone pays either way. c) From what I understand, payments has been overrun by middlemen taking pieces of the pie. Payment gateways, PSPs, payment processors, card networks, acquirers, issues etc. With crypto you can send money and the only middleman is the miners. So even with regulation, it doesn't necessarily mold to the current payment system. d) Bank runs happen because banks are allowed to lend out more than their deposits. They only need to have a small fraction of deposits. And a ton is handed out as loans to other people. So when the depositors come to withdraw in bulk, the bank can't meet the demand. Regulated crypto markets don't have that problem (at least in the markets I've worked in). Assets need to be held 1:1. When it's allowed to be lent out, it has to be spelt out in black and white to customers and the customer must opt in. Also self custody means that it can't be lent out. Of course that comes with other risks. Without crypto being lent out, it's not possible to have a bank run in BTC unless the exchange is breaking the law. Bank runs can happen in fiat when banks are following the law. Quantum is a bit scary but it's also scary for all cryptography (including banking and all online finance and secret data - so I think there will be big hits in both tradfi and crypto when quantum gets to a sufficient level. That's a future problem for crypto and the whole world. Think there's a lot that we agree on. You raised some good points. Especially the shareholder value for reckless banks. That's a decent consequence that I hadn't considered.
I'm with you. I can easily verify that the PDF isn't trying to make a deterministic result look random. I'm currently more comfortable with a binary conversion from an 8 die roll per word, so I'll likely go that route. I've been around long enough to have purchased Bitcoin at $14, but I still have plenty to learn and the last thing I want is to make a mistake when generating a seed. Speaking of mistake, why didn't I just buy 100 BTC back then and HODL? ¯\_(ツ)_/¯
Dividing BTC doesn't create any new value.
Invest in BTC monthly, you won’t regret it!! I’ve been doing so for years. Greatest asset you can purchase!!
Idk how many times we need to see BTC yield products blow up before we learn our lesson.
Post is by: Equal_Mission_4667 and the url/text [ ](https://goo.gl/GP6ppk)is: https://x.com/courtsideapp/status/2089139034345943323 I saw this new Bitcoin Up/Down thing on Courtside. Looks like you just pick if BTC will go up or down before it locks. They have markets from 1 minute all the way to 1 hour. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
>Yeah, I think we can all agree that self custody needs to be made easier and safer. I'm also not sure that the government stepping in and saving irresponsible banks is the best long term strategy. It's not the customers' fault so it feels right to protect them. But it's every tax pay that jumps in to fix the banks' mistake. And the people that caused the problem walk away without consequences. Then we should change the law and make effort to prosecute them. That said, there's a few things to consider here: a) Usually the investors loose money and the people that walk away, is the people that didn't have skin in the game. So the problem is often the employees trying to get their short term bonuses. Just ask yourself, if I told you, I'd risk your $10 to gain $1 tomorrow so that I can get that bonus of $0.50, would you accept? b) The banks pay into an insurance that is suppose to help with situations like that. It's not necessarily tax payers money. It's a cost of doing business by the bank. c) The very thing of audits and such is often the result of legislation and regulation. The very thing, crypto is trying to avoid. Once they become that, they've effectively become the traditional banks. With that said, even with audits, it doesn't prevent these issues like in 2008. Of course it also depends on what you mean by "audits", because banks do audits every night of their transactions. d) Imagine a "BTC" run. There's no mechanism to stop that, or revert it. There's nothing guaranteeing it. You could say, well that's unlikely, but just because we haven't seen it, doesn't mean it won't happen. Let alone other risks like Quantum computing and so on. Ultimately, I believe it's not the human "intent" that drives it. Regardless of the system we put in place. Any way we try to "fix" it, gets us closer to what we have now. It's not like bank transactions aren't technically auditable. We don't need a publicly available blockchain managed in a decentralized way to do any of that. You could argue, well any new production of "coins" is well known since it's public and that it's kind of a universal currency (that it can be). That said, nothing prevents fiat to be the same. > And I don't think the government is necessarily doing the best they could in either crypto or the tradfi world. They're definitely not, and the current administration is corrupt as F so anything they'd do is not for the greater good, but for their good.....
BTC is infinitely divisible
The use case is it’s got value; you can move it from point a to point b, and there’s a large liquidity pool for Btc to usd and other fiat currencies. The fine folks over at Cash App and Block have been rolling out Square terminal and merchants that accept BTC. They can be located in Cash App BTC map. You can spend BTC over lightning at those locations. Or you can just hold it