Bitcoin's and the future of online banking - Page 43

It's not a theft im paying the most respect to Bill. And American gladiators is a metaphor - as was used by Bill

On December 03 2017 14:18 spets1 wrote: It's not a theft im paying the most respect to Bill. And American gladiators is a metaphor - as was used by Bill

with so much better material to use that metaphor with like teen-mom, horaders or American Idolesque garbage, you chose so poorly Hicks is turning in his grave.

this $11,000 bitcoin is boring me now. i want moon.

On December 05 2017 07:57 lucky331 wrote: this $11,000 bitcoin is boring me now. i want moon.

11k, lol pleb

I use the ledger nano s.

Cold storage with paper wallets is the best though. Those metal things with symbol tiles that you can hide In a concrete wall

Oh well, good thing I invested in bitcoin in 2011

Should I cashout now ? A lot of articles about bitcoin in media so I guess a lot of people will put in money still

On December 09 2017 01:47 VanDerMeyde wrote: Oh well, good thing I invested in bitcoin in 2011

were you one of the guys who played irc poker on genjex's channel?

On December 09 2017 14:30 lucky331 wrote: Show nested quote + On December 09 2017 01:47 VanDerMeyde wrote: Oh well, good thing I invested in bitcoin in 2011 were you one of the guys who played irc poker on genjex's channel?

no

the way things are going I dont' see why would anyone cash out from Bitcoin right now, this shit is going viral on a huge level

On December 09 2017 17:20 VanDerMeyde wrote: Show nested quote + On December 09 2017 14:30 lucky331 wrote:   On December 09 2017 01:47 VanDerMeyde wrote: Oh well, good thing I invested in bitcoin in 2011 were you one of the guys who played irc poker on genjex's channel? no

ah. cos that other guy was so interested in the technology, asking all sorts of questions. he probably bought a lot too. I never did at that point. i was there because genjix wanted to build a bitcoin poker site, dubbed "the home game".

what is a cold storage paper wallet again? jesus christ this thing will be a million dollars per btc and im still wondering if that's a piece of paper with passkeys and addresses or some device i buy at some store lol

On December 09 2017 23:22 Spitfiree wrote: the way things are going I dont' see why would anyone cash out from Bitcoin right now, this shit is going viral on a huge level

You are a little late to the party with that comment. Seems like an opportune time to be cashing out.

On December 10 2017 03:16 lucky331 wrote: Show nested quote + On December 09 2017 17:20 VanDerMeyde wrote:   On December 09 2017 14:30 lucky331 wrote:   On December 09 2017 01:47 VanDerMeyde wrote: Oh well, good thing I invested in bitcoin in 2011 were you one of the guys who played irc poker on genjex's channel? no ah. cos that other guy was so interested in the technology, asking all sorts of questions. he probably bought a lot too. I never did at that point. i was there because genjix wanted to build a bitcoin poker site, dubbed "the home game".

i remember something vaguely about that ^^

On December 10 2017 06:42 whammbot wrote: what is a cold storage paper wallet again? jesus christ this thing will be a million dollars per btc and im still wondering if that's a piece of paper, , with passkeys and addresses or some device i buy at some store lol

It's hard to explain but basically it means writing your password down on a piece of paper, putting on a text file on your desktop or on a thumb drive, having it engraved on a metal dog tag you wear around your neck, whatever, so that nobody could ever hack your account. Of course if you lose the paper you're screwed, and I believe they estimate something like $3 billion USD worth in bitcoin is lost forever due to unrecoverable accounts.

Its actually 55 billion dollars worth of BTC lost on the blockchain at this point (3.7 million BTC) at current prices.

Coins are kept on the blockchain at different specific public addresses. Coins themselves never leave the blockchain. Your wallet is just a collection of the keys to locate and then move the BTC. Each public address where the BTC is stored has an associated private key which is necessary to transfer the coin to another address.

So a paper wallet is just keeping your private keys off of the internet, off of electric devices, and just written down somewhere. This is the safest way to hold BTC assuming you don't lose or destroy the paper wallet.

A hardware wallet I think is the best mix of safety, backup, and convenience. For huge amounts though a paper wallet in a safety deposit box is a good way to go.

On December 10 2017 07:41 cariadon wrote: Show nested quote + On December 09 2017 23:22 Spitfiree wrote: the way things are going I dont' see why would anyone cash out from Bitcoin right now, this shit is going viral on a huge level You are a little late to the party with that comment. Seems like an opportune time to be cashing out.

Obvious thing to do is to liquidate some of your position and hodl the rest

Vandermyde

Did you scrape the Bitcoin Cash out of your wallets after the fork a couple months ago? Could be a nice chunk of change you didn't know you had.

Trax and Newb thank you very much. I already had an idea what it meant but it's better now that somebody else confirms it clearly to me. If I buy I'd probably go that route and put it in a piece of paper in a vault and just back have a backup if it's broken into.

https://www.youtube.com/watch?v=MeC0oUxIhaU