Itβs not too late to exchange your shitcoin bags for btc.
You will get less for them in the future than now.
Accept they will never pump.
Take the loss.
Detox yourself.
Discussion
You see, the problem isn't knowing that... Its having to look at them. Its easier to let them go to zero than to feel disgusting from touching them.
i already hold everything in bitcoin... i'm just waiting for the elevator to the next floor
I think of my present situation as already holding everything in btc. Yes, I could have more by figuring out all the Stupid I set up ages ago... But seriously, I'm feeling nauseous already from just thinking about it. I would literally, for real, have to go vomit to purge myself.
yeah, it's been rough... as a dev the amount of shitcoinery i have to deal with really sticks in my craw too, i'm hoping that at some point i can focus on bitcoin and nostr
i don't think that a lot of people really understand that, they are either fiat mining in some unrelated field or they are bitcoin rich from luck long ago, those of us who have been trying to get into a position to be able to fund our own dev work in this area are not common
Unfortunately, I don't think it ever will be common to be able to fund your own interests. If you rely on interest payments in a btc bank, you will get rugged. This isn't speculation - the math of bitcoin banking doesn't work, it cannot last forever. Maybe they get a decade or two out of it. I wouldn't risk it. Not saying I think you're doing that, but it made me think of it. A lot of people are going to come into bitcoin thinking they'll leverage perfect property to get cashflow - they will all lose all of it.
oh, you were following the drama of my bitcoin wallet right?
that's where i keep my cash
xapo bank is raising their annual fee to $1000 ... i think they already have, and i'm covered until may but i sure as fuck am not leaving my coins with them and i'm not putting them in "fiat gainz" savings account interest bearing things - they have those, yes, but i'm not using them
unless the value of my holdings goes up enough there's a good chance i will have to resort to finding another offramp after may next year but i pray that it will not happen
the endless renegotiations that are forced on the money business by government regulations are a real drain on the nerves though... been paying rent just fine for 10 months and then suddenly the bank i pay to wants info about my landlady who i'm paying that i literally don't have access to
ps i don't even on these interest bearing accounts
the bitcoin is volatile enough already though it trends upwards, what do you want... lol
what is the logic behind people giving control of their sovereign money to parties who are bound to government endless rug parades these days... i mean, cyprus bail in was the end of trusting banks for me, if the government fails they think they can just put that cost on me and that's the whole point of bitcoin
you can't put that on me if i keep my bitcoin safe
that's also why i'm a carpetbagger lol
Yeah I remember you mentioning xapo bank, but idk anything about it, didn't know they could hold btc. There's a whole 'nother level of criminality and "then they fight you" that's coming when the world understands that its bitcoin or nothing and fiat brains have most of their btc in banks. That's when it gets nasty. All the power in the world is built upon usury, all the banks are only profitable when they can charge interest on interest. You can't charge interest on interest in btc. So they'll steal from whoever's the lowest on the ladder, meaning normal people, and they won't do anything cuz they never do, but it won't be enough and the next rung of the ladder gets "bailed in," and so on until... It collapses into war. Very very very slim chance we get through it peacefully. Our best bet is for the etf's to get 6102'd, the sooner the better. I'm thinking action/reaction, not right/wrong. People that lose now will learn while the lesson is cheap.
agreed... that's why i'm having nothing to do with these interest bearing scams
what bothers me is just that their calculations are that they have to charge $1000 a year to maintain this for one personal account, this is a high risk premium, it seems to me
i don't have to pay that for another 6 months but who knows what happens in the next 6 months, the rule at the moment is craziness
i honestly half expect there to be an extremely rare hurricane hit this island while i'm still here in the next 5 months because this is the season of high winds here based on what i saw with it last year
one thing for sure is once i get my bitcoins back in my control i'm probably going to switch to using a blockchain node only with RPC and probably will literally run btcd on my mini pc and zap wallet on my main desktop dev machine, i'm not sure about this alby hub stuff either, to be honest, though it's probably better for me to maintain that than run a zap wallet LND instance on windows because of how this pc uses a lot of power and i don't have power backup and i could end up with force closes where that won't happen on the hub
the level of uncertainty, in any case, makes me all the more committed to ensuring i keep firm grasp on my bitcoin stack, because i see this as my way to get out of trouble if things go crazy, like storms, or for that matter massive CMEs, you see what i mean?
Bitcoiners who don't enjoy getting unbankend aren't real Bitcoiners anyways.
You laugh about us Monero Bros for having to go through phases of delisting not recognising, that it is us who try to pay everything with electronic cash since 2009.
Whenever a Bitcoiner tells me he doesn't pay his rent in BTC or has a Xapo bank account or a Visa tied to his custodial cryptobank I see this as a Larp. Early Bitcoiners 2009-2012 were different. Early Bitcoiners ended up in Monero. Working for adoption on the ground.
It'll pay off in the long run in XMR purchasing power. Just like making merchants adopt BTC in the early days paid off in USD purchasing power.
As much as I believe that BTC will go up against USD, as much I believe that XMR is the real deal for electronic cash.
I don't laugh at monero bros... I dislike some of the influencers lying about bitcoin, but I like monero and want it to succeed.
As an early Bitcoiners I love Bitcoin. It brought me economic freedom. At the same time it brought me to Monero. And as the world moves more dystopian every day I started to value my Monero more than my Bitcoins. One is my digital cash and a private store of value. The other is a great investment and store of value like my gold holdings.
Both are tools to increase freedom in your life. Both have trade offs. Don't mix up NGU with real freedom.
In today's panopticon NGU can have many different negative consequences on your (mental) freedom. Especially if other people know about it.
Invest also in your ability to travel fast and light and preferably anonymously. At least be able to appear like a typical fiat brain while being fast enough to disappear within minutes. A "go bag" is a must. A USB stick with Tails on it. I have no idea what would cause me to want to disappear fast, but its a comfort knowing I can. Actually I do have an idea... A CME would be a heck of an opportunity for a government to go all North Korea on people.
yeah, grid down will be chaos, perfect time to fuck around
This makes me think of 2017ish and my buddy trying to get me to buy some Porn shitcoin. Do not even remember what it was called. For years after that, I tried to get him back in BTC. What did he buy last cycle, Dodge and other shitcoins. I have given up.
Are there even shitcoiners on nostr?
True that amazing Btc.D
I learned that with Litecoin. Still laughing about that one. Probably should dump the worst shitcoin out there next, the US dollar. Which ever president wins will further dilute it.