OP

wazoo_68

Nothing shady about privacy. That said, I don't understand what OP means by "off chain transactions".

Disastrous_Week3046

lol OP. Please get a clue

Wsemenske

OP does

Amber_Sam

Good article, OP. I like you calling for what he is, a shitcoiner. I believe, he also attended Vitalik's conference too where he liked the premined scam quite a lot. Anyway, I have two points. Nobody would be able to buy this amount of bitcoin at the current price so no, he's not saying let's buy 9.4 million coins, **you are** doing that. Second point, no matter how much coins one entity owns, **would not** "lead to enormous centralization", and **wouldn't** even be an issue for any amount not being used in the circular economy.

ElderBlade

OP this makes absolutely no sense. First, all value is subjective. The value of anything is solely determined by human wants and needs. The participants of the bitcoin network give it value because they can use it as a store of value free from government monetary debasement. Second, the hypothetical removal of bitcoin from the world would not decrease inflation. Inflation is the price of goods and services going up as measured by a given currency unit, which in this case is the dollar. The same amount of dollars are still circulating in the economy with or without bitcoin. If you measure goods and services in bitcoin instead, prices are going *down*. The inflation rate of bitcoin compared to its current supply (known as stock to flow ratio) is so low compared to the fiat money like the dollar that it appreciates in value. In other words, as the supply of a hard money like btc stays relatively the same compared to the supply of soft money like fiat that is going parabolic, you will have more dollars per unit of btc. That means the price of btc in dollars must go up (inflation)

DuplicateDestroyer

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analogOnly

But OP asked about using stable coins..

interwebzdotnet

Well your hybridized whatever is not DCA. DCA as OP asked about is strictly devoid of price consideration.

Amber_Sam

I'm 100% with you, OP! You should buy as much as possible and then send it to this address: bc1deleteallthesesatoshisbecausetheusgovernmenttotallycreatedittodominatetheworld Let's get #DeleteBitcoin trending!

Loud_Lunch29

Why would I talk about bitcoin at parties? 😅 You realise that you are the OP right?

Generic_Globe

just posting this article would get them angry. possibly OP is now banned out of their sub lmao.

Extra_Concentrate837

If you want to go extreme, you could label the kyc - UXTOs using OP RETURN.  I don't do that - I personally just save the file in a couple different computers and a secure email. 

Smiling_Jack_

What does that have to do with the OP?

Chucklum

Good response for OP, nice 🙂

exForeignLegionnaire

I think OP is having a personal experience with deflation.

2LostFlamingos

I totally agree with OP that there’s no need to go. I’ll disagree with you though that there’s no value in it to anyone and you can just network online. Making connections at events is a big part of some businesses. For regular people like me? Yeah no reason to go.

InclineDumbbellPress

Thanks for this initiative OP I just sent mine. I asked her to send me 1 BTC only

Loud_Lunch29

As in an asset which a government holds to shore up it's economy, as the US Fed does with gold. I assume it's US specific as Trump is running to be president of the US and has indicated he might acquire a large pile of Bitcoin as a ... strategic reserve asset. Hence the OP is wondering what implications it would have for the citizens who reside in that country...the US. I assume the OP is referencing previous laws (that are since repealed) in the US where it was illegal to hold more than a certain amount of gold privately. And possibly any further enhancement to KYC. Possible further IRS intrusion into exchange accounts etc?

Gamethesystem2

Read OP’s comment history. He’s a pure Russian bot. One of his most recent comments, “nato has been at war with Russia since 1949.” To anyone that thinks this is hip, it’s not.

ididntsaygoyet

This is the epitome of proselytizing. OP is spamming his religious garbage on normies and being very obnoxious about it.

shaunpr

I only had about $600 on blockchain. But I switched phones/number and they locked me out. Eventually with enough back and forth, they finally ended up helping me. Got every cent back eventually. But then again, it was $600 not thousands like OP. I’m sure they will try harder to hold on to that type of money.

Every_Hunt_160

OP’s hopium suits my Hopium , I approve !

ScoreNo1021

Swan is no better for OP’s problem. I use it but it’s a pain in the ass and the fees are high. Not worth it. 

Myles_up

I’m not ridiculing OP I’m saying the question is stupid. 1, no one claimed bitcoin is going to become a currency. 2, no one ever claimed you can only buy a whole bitcoin instead of buying it fractionally. Has that answered the question?

CryptoWarfare11

What's more mind-blowing is that instead of answering the question or ignoring altogether, people feel the need to ridicul the OP. There are many people unfamiliar with crypto. If you really think about it, most people have heard the word "crypto" but know very little beyond that.

Lurko1antern

In a parallel universe where democrats supported crypto, OP would be shouting from the rafters that we should vote D “for the sake of bitcoin”.

brad1651

OP stated they're doing an MVP. Can easily be done with the stated rigs in a shipping container, using complete rigs priced around 0.01BTC each. The capital costs likely won't factor into operations at all, unless financed.

bfolksdiddy

OP is pathetic.

dystariel

Kwenta on ETH, OP, Base, and Arbitum

Relaxia

Yes please listen to OP. We already lost the idea of money from people for people without banks as controllers now that banks hold the big bags and basically can control the value of those coins they hold. Lets not lose the idea of country/party/president independency.

Darryl_444

Yes, you are correct on that. My 16% was wrong, I think I was neglecting the increased amount for the combined taxable income in the $1 mil case? Anyway, already fixed it. Yet the main point still stands that Canada doesn't have "massive" capital gains tax as OP claimed, compared to peer nations. I am a quite wealthy (several multiples above median net worth) middle-aged person, but have never come anywhere close to having $250,000 in taxable capital gains in any year. Nor do I really expect to in my life. I mean, yes it would be a great problem to have for sure, but the vast majority of us won't. Most of my income lately is from investments, as expected. And I'm totally OK with the very wealthy paying a slightly higher gains rate than they did last year, even if it does affect me directly some day. Taxes build our nation, and I'm proud to contribute my fair share. Go Canada. I agree with you on having some Bitcoin exposure in tax-advantaged accounts, vs self-custody. At least until Bitcoin becomes fully useable as a steady currency for purchasing everyday stuff, if it ever does. Right now it's functioning more like digital gold than steady cash, so if I have to convert it to fiat to spend it then I want to save on that tax. And the other reasons I mentioned before. "2/3rds of a capital gain above $250K in canada will be taxed at around 50%." Sigh. Sure, but that's a function of the *amount*, not of being a capital gain per se. Your marginal rate for $250K of employment income would be the same \~50%. But with no exclusions, so you'd actually pay more. Also don't forget about the 1/2 of those capital gains below $250K. And all of your employment income too. Because that \~50% marginal rate applies to the total taxable pot of income, there is absolutely no order of precedence amongst sources. The "order" only relates to additional (aka marginal) income as you total up using the different rate levels, regardless of source. Taxable capital gains aren't any more "additional" than employment income is. It all comes under the same tax year, there is no time component to consider. If your capital gain is in January or December, it makes zero difference. Same with employment income. Same pot, same marginal rate. And again (thanks to the tax-free portion of your capital gains), you'd pay far more if it was all employment income. So complain about income tax rates if you wish. But capital gains income is still taxed less than employment income. That's a fact.

amihostel

I'm sorry but the original example you gave was for a 1 million capital gain. Which you stated would be taxed at 16%. I was merely pointing out that this is inaccurate. I sincerely hope that you will encounter this issue one day, because that would be great for you and also that's the only way you will see for yourself. The CBC video I posted is cued, you only need to watch it for 2 minutes. If you keep watching the host mentions that they had to check with several accountants to make sure their info is factual. Canadian tax law is extremely complicated. I never understood the nuances that start to kick in when you're in a higher tax bracket until I started making more money/getting bonuses. Extra income is taxed at a higher rate. OP is wise to look into how she can use her TFSA to invest in bitcoin. Lots of disciples will tell her not to because not your bitcoin, ok. That's a philosophy. But from a tax perspective, it does make sense. Because 2/3rds of a capital gain above $250K in canada will be taxed at around 50%. It's just a fact. Unless you realize that gain in a registered account or you are selling a business for the first time or you are selling your principle home. Have a great day!

athomasflynn

That doesn't matter. The panels still have value that needs to be accounted for. Did you also assume OP owned them when you said they "should hook them to some solar panels" up top? This isn't a challenging concept, man. It's high school level business econ. You also need to account for the value of your time. You should definitely never start a business on your own. You'll go under in a month with the way you think about this stuff.

ualdayan

They actually did - somebody just clipped that part out of the video clip posted here by the OP.

BTCMachineElf

They have been stealing from their users for years. They freeze accounts and force them to jump through hoop after hoop to verify their identity, claiming each time there was something wrong with the documents, etc. They've been doing this for many years and we still get users here complaining about it. . OP is absolutely right, they are scammers. Do not user their website or their wallet.

SpinelessFork27

Couldn't agree more. No matter where you go OP you're going to get differently biased opinions depending on the sub. DYOR is your best bet, ik the majority of people find that painstaking but it must be done.

Coininator

I think it’s worth a try as OP has nothing to lose. What would you try in his situation to have a non-zero chance to get his funds back?

SwingNMisses

What difference does it make for whoever gets elected is favorable to crypto? There is no politician in America who will praise crypto. Best case scenario: you get a politician who supports the concept. Whenever I see headlines like OP, I think hopeless romantic. There is nothing about crypto.

reclamerommelenzo

Lmao you "guess". That a HUGE accusation, based on absolutely nothing. An employer is NEVER going to comply with something like that for obvious reasons. Police won't either. Get back to reality. Ownership of bitcoin requires opsec and a lot of self responsibility. Sorry to say, but OP fucked up, in multiple ways. You can't go around blaming it on other people.

C01n_sh1LL

I'm curious to see how it pans out. The Twitter OP is engaging in some pretty ridiculous antics in that thread, such as suggesting that he use the "talks" to pressure Harris into giving Dread Pirate Roberts a commutation, which of course the Vice President doesn't have the power to do. It's very difficult to take his claims seriously in this context.

mickhick95

I like this post. Someone saw something interesting, made a post about it. Then someone commented with helpful information. OP took that information and reviewed it, then edited the post. Keep it up Team.

doives

It’s not “altcoin”, but Ethereum. Toyota plans to implement Ethereum technology into its vehicles. Here’s a detailed blog post by Toyota (as opposed to the pointless article posted by OP): https://www.toyota-blockchain-lab.org/library/how-to-introduce-mobility-into-the-public-blockchain

sje397

Why? The OP was comparing dems to repubs.. Sounds like you're not happy with the position of the goal posts.

CommunicationOwn322

This is nice to see. I know it's very different on this sub, but my Twitter feed was really starting to depress me. Just really unhinged, basically bigoted people that are supposedly pro btc. Thanks for posting OP. BTC is for everyone.

Smiling_Jack_

OP's actual 2018 portfolio: NEM IOTA DASH EOS NEO

-CharacterX-

OP is trying to get rich quick in this hype

KIG45

Sorry about that OP. But...I'm surprised that after the daily scams, hacks and all the information we have you were caught so easily. And yes, buy a hardware wallet!

rsa121717

Tldr: OP is tired of getting rugpulled so theyre making a token to rugpull everyone else and want to be sure theyre successfull

ThaDawg87

OP has the mental capacity of a seagull.

Bunker_Beans

You heard OP. He or she has been rugged multiple times. They lost money and the people who did the rug pulling won. Sounds like OP wants to start a shitcoin and pull the rug out from others. There’s really no other reason to create another useless crypto.

SoullessGinger666

This isnt about you, its about OP, who has a wife, kids, and mortgage, and probably doesn't see it that way.

Burgermitpommes

But you can't argue that Bitcoin is inherently _small government_ and that is a particular side of the chart in OP

ryencool

I use coinbase, yes it requires 2fa to login, not everytime you send coins. OP clearly stated his dad logged into his coinbase account while remotely connected to these guys. I was responding to those saying there's some sort of 2fa everytime you send a coin, there isn't. Only to log in there is. You can set up a whitelist, but that's a whole other thing.

noviwu97

OP, try reposting this in a few months. If your post get positive upvotes, that means this sub starting to be bullish SOL. So I'll start selling my SOL. 

Fluid_Message_1057

You’re not alone, some of us have been there before. Good luck OP

ender875

I've had the exact same experience as OP. Sent a DM to you.

ender875

Exact same experience as OP. Yes, I should have done the verification first, but I wanted the dip. Now I have BTC in River which I can only sell, not transfer out. Have to wait a MONTH before I am "allowed" to resubmit my verification. BS!

aimoony

OP specifically said everyone "just" buys. Means no selling. Maybe I read into it too much

soonerman32

OP you gotta explain to everyone how Poly Markets works. 90% of the comments are stupid bc the people commenting don't know what they're talking about

Aerith_Gainsborough_

Hey OP, can you make a poll here on reddit with the political compass? Let's see how it is different from this data.

nyaaaa

This topic seems to be an ad for Zypto. OP and this guy had the same conversation in a different topic.

BobMackey87

OP's mum.

Abysskitten

Hahaha, here I was thinking OP was on some altruistic mission.

venomvendo

Hey OP don’t hate your life, you’re early in Bitcoin 🙂‍↕️🫡

Abysskitten

Not to be a buzzkill, OP. Your designs are great. It's just that it's best not to advertise you're into crypto. Phone cases, notebooks, lanyards with crypto connotations could get you under the radar of some shady people.

Lurko1antern

OP can you provide a link to this report? I'm sure a lot of us are super curious as to how "The Nakamoto Report" was conducted and by whom

FrisbeeVR

Banks get a lot of hate in here, rightfully so, but the OP's uncle is the model of someone who should be keeping their money in a bank. He clearly needed standard consumer protections here. Someone who is a phone scam away from losing 500k needs MORE help, protection and regulation. Not less. Cryptocurrency has failed this man and benefitted his scammers.

Neon-Prime

For anyone wondering - OP is looking to set payment for Onlyfans, check his comment and post history :D

hagenjustyn

Are the Wall Street Analysts in the room with you right now, OP?

Life-Duty-965

But those coins could find their way back to coinbase in the future. I don't know about US law but in the UK stolen property will always be returned to the person it was stolen from. I mean, sure it's very unlikely, but from a legal point of view it seems pretty clear. Any of us could have cold storage coins that were at some point stolen and bought in good faith. We then move them on to an exchange to collect our lambo only for them to ping up on some central register as stolen. The coins get returned and you have nothing. Yikes. Unlikely? I dunno. Its theoretically possible. I always remember reading that research paper on BTC tracking and that lady who was able to link all wallets together due to how the way "change" works on the Blockchain. She was able to track down and identify a ton of silk road users. It just took one KYC event downstream. So we know coins can be tracked. We know stolen good are returned to their owners when possible. It will be interesting to see if this ever happens. I have to say the odds still seem close to zero. Uncle OP won't be seeing his 500k again sadly.

Life-Duty-965

But isn't the point that those coins always belong to OPs uncle. It doesn't matter if someone sells my stolen car ten times. If it gets found it gets returned to me (or my insurer at least!) If it gets broken up into parts and those parts are recovered. It's still my stolen car. With bitcoin those coins are always traceable no matter what wallet they go to. If this person swaps them all for XMR at an exchange, the exchange would surely have to return them to OP assuming the authorities can get involved. I mean, all this is hypothetical of course. One could mix the coins into so many fragments across 50,000 wallets or whatever and the process to recover would be more time/cost than it's worth and is it even realistic that the authorities would get involved anyway. Bit it's an interesting consideration. Stolen property remains the property of the person it is stolen from. There are plenty of cases of people buying stolen property in good faith losing out when the purchase is returned. It must really sting to be caught out like that.

kirtash93

Exactly this. A friend of mine experienced the same thing and that is just cache what he is seeing. Thanks for the coin burn OP.

Competitive_Milk_638

Yeah, the OP crossed out the wrong word. 'Trading' my ass.

kinkos1

OP try to find major exchanges in India and inform them.. its worth a try most of these scammers are indian based

kinkos1

Sorry OP the btc already been transfered to and Indian or some asian country and converted to USDt already and most likely sold it in lump sum to someone in different asian country. My heart sinks for your Uncle after reading your post sorry 😞

BigDeezerrr

Damn. I feel bad for your Uncle, OP. He's gotta be beating himself up pretty bad.

zerodazed

Blows my mind reading posts like this. People can be so smart, but yet so dumb. Jfc. Sorry for your loss OP. That is truly heartbreaking.

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cxr303

I heard somewhere that to build wealth you concentrate, to maintain it you diversify. It may depend on what OP is looking to do given their risk tolerance?

sgtslaughterTV

I was just looking for videos that demonstrate voice synthesis and caller id spoofing to post im the OP, I don't think either video's creator is involved in crypto.

Secret_Two_576

My overall point is to your OP, "why was this even posted", is because it's very obviously a potential watershed moment for bitcoin and worth discussing. My point is also that if you trust bitcoin, you should want other people who can influence its adoption and price in the space. Your thoughts aren't aligned with bitcoins incentives and permission-less design

CoolCatforCrypto

I'm glad you're in agreement with the OP🤣🤣🤣

Yodel_And_Hodl_Mode

I hope the OP recognizes sarcasm.

Gig-a-bit

Maybe you intended this reply to the OP? All I did was answer the question and added zero politicization in my response.

Brickscratcher

No, those jobs usually allow for lube. OP didn't get any of that

Shadowsky46

I ain't reading that whole convo. But there you go OP, or sorry that happened. At some point I read the descending minutes as $57 million, $54million, .. that's when I know that was too much text

left4dedos

So exactly what OP forgot too?

silenseo

whatever you do OP, do not take this investment advice

Phylaras

You're changing the topic of discussion. OP's question turned on whether this coin would make money and was it worth the opportunity cost. The answer is that--while the options aren't available in the US for regulatory reasons--there are grounds to think that it will make money and even outperform ETH. Moreover, there isn't much coin dilution. If your concern is about a rug pull, then you need to remember that TON has fully integrated with Telegram. They'd take down the entire app and network--which is worth more than their coins would be in a dump.

OwnPersonalSatan

If you don’t have high expenses this is very doable. Good job OP

explision

Can we ban OP?

Prestigious_Long777

Risk. I’ve been in BTC since 2017 and have had gone through two 3 year bear cycles.. It’s foolish to assume there will never be another long lastig bear cycle. I seem to interpret OP as needing this money eventually, in three years, but not immediately. Putting it all in BTC, knowing you’d need it in three years, seems like a bit of a risk now doesn’t it ? We should only invest what we are willing to lose. But HYSA and ETF’s are generally considered safe investments which are appropriate for OP’s investment horizon.

JackOfAllAdobeCC

Of course OP is a bot.

Walla_Walla_26

RIP OP. Weak hands typically sell early

Digital_Scarcity

Buying just one BTC and withholding the rest is a form of unit bias, and what OP posted is called anchoring bias - comparing a previous price to today's price. You need to gain a tonne of conviction first, then you can allocate 100% of your free cash flows to BTC at *any* price without a sweat.

Jejo87

OP I’d personally go for a full coin right now and dca the rest of the capital, but that’s just my 2 sats

AuspiciousEther

According to Arkham they've got about 340k ETH left (ETH + wETH). https://platform.arkhamintelligence.com/explorer/entity/ethereum-foundation The only recent outflow I see is 1000 ETH to an ethdev account, but not sure about that. Hopefully OP can tell us more.

Archophob

this years ATH won't be reached before OP's 100k can't buy a whole coin any more.

arcrad

For sure. OP make sure you cover the basics, like: emergency fund, pay off all debt, max 401k/Roth or at least get full match, and live well below your means.

TroutAngler76

Hear hear, OP