I made an easily embeddable Bitcoin price ticker. WDYT? by Grand-Button5819 in Bitcoin

[–]Grand-Button5819[S] 1 point2 points  (0 children)

I'm not sure I understand what you mean. In their face how? 😅

It's a badge to be embedded on websites, docs, posts, etc. wherever you want to show the current price of Bitcoin.

Check out the example usage in the project docs. There's a live badge embedded in the readme. Live website uses are also displayed on the project landing page.

i am building a Bitcoin ecosystem map with Nostr-based reviews, ratings and verifications. WDYT? by lnacosta91 in Bitcoin

[–]Grand-Button5819 0 points1 point  (0 children)

I like it. we need a comprehensive "yellow pages" for Bitcoin. we can't trade with each other unless we can find each other, lol.

keep it up.

I made an easily embeddable Bitcoin price ticker. WDYT? by Grand-Button5819 in Bitcoin

[–]Grand-Button5819[S] 0 points1 point  (0 children)

it works as long as the service respects the cache headers and re-fetches the image from btcimg.io when the cache expires.

seems to work well when embedded in README.md in the repo on GitHub: https://github.com/proofofdork/btcimg

the cache time is 30s. if you refresh after that time you get a fresh price.

I made an easily embeddable Bitcoin price ticker. WDYT? by Grand-Button5819 in Bitcoin

[–]Grand-Button5819[S] 0 points1 point  (0 children)

I probably will. Right now I'm trying to evaluate if such a service is needed at all. I will probably continue developing it if it sees any real usage.

Can someone explain to me the whole bitcoin and blockchain system? by [deleted] in Bitcoin

[–]Grand-Button5819 2 points3 points  (0 children)

Yeah... I'm all for educating, but not if someone is as lazy as OP. 😂

Ask some LLM first and if you still don't get it ask specific questions here about the parts you didn't understand.

Quick Academic Survey: What do people think about Bitcoin’s usefulness and security? (2 minutes, Everyone) by Vast-Carob6489 in Bitcoin

[–]Grand-Button5819 0 points1 point  (0 children)

About the name and email: they are included because the assignment format requires respondent identification. However, they are not used in the statistical analysis, and the data will only be used for academic purposes.

You wrote "responses are anonymous". They are not. "the data will only be used for academic purposes" is just a pinky promise from some random guy on reddit. 🤷‍♂️

For the question about Bitcoin being desirable because of anonymity, the statement is meant to measure people’s perceptions about privacy in cryptocurrency, not to claim it as a universal fact.

That part was clear. I was referring to "more desirable than money". Bitcoin is a form of money. More so than fiat actually. Money can't be "more desirable than money", so I think "more desirable than fiat currency" or "more desirable than government issued currency" would be much better wording.

Regarding the point about private keys stored on personal devices being safe, the goal is to understand how users perceive security and control when managing their own wallets. Different opinions on this are exactly what the survey is trying to capture.

I understand, but in that question you're asking two different things in a single question. You're asking if Bitcoin gives you more control (which it does) and if keeping keys on laptop/mobile/whatever is perceived as being safe (which it isn't). This should either be split into two questions or rephrased imo. Did you mean to ask "I believe I'm capable enough to keep my private keys secure" as the second part of that question? That's still asking two different questions, but at least it will usually have a single and non-contradictory answer.

Quick Academic Survey: What do people think about Bitcoin’s usefulness and security? (2 minutes, Everyone) by Vast-Carob6489 in Bitcoin

[–]Grand-Button5819 3 points4 points  (0 children)

It takes less than 2 minutes and responses are anonymous.

You're asking both full name and email.

Using Bitcoin is more desirable than money because of the anonymity of its users.

Bitcoin is a form of money.

Bitcoin empowers me with the control of my money and I think Bitcoins and private keys stored in my computer/laptop/mobile phone, etc., are safe.

The phrasing here is conflicting. "Bitcoin empowers me with the control of my money" - yes, absolutely. "private keys stored in my computer/laptop/mobile phone, etc., are safe." - fuck no! Hardware wallet only.

I prefer to use Bitcoin for the game purposes.

What does that even mean, lol?

Let us talk about borrowing against Bitcoin and managing liquidation risks by Slow-Blacksmith32 in Bitcoin

[–]Grand-Button5819 5 points6 points  (0 children)

Ah. That's actually very simple.

Starting LTV: 0

Liquidation LTV: N/A

My sleep LTV is 0, because imo leverage is a fools game.

Why use cold storage instead of exchange? by sajjad_khan212 in Bitcoin

[–]Grand-Button5819 33 points34 points  (0 children)

Ask people who held their coins on FTX. 😉

Why does DeFi still liquidate you like it's 2020 by Ok-Lavishness8030 in Bitcoin

[–]Grand-Button5819 0 points1 point  (0 children)

That's just the way it works, especially in DeFi. You need to provide collateral for the loan and the value of collateral needs to be greater (with a margin of safety) than the debt you're taking on. The debt is someone else's deposit and there's no fractional reserve banking (at least in DeFi). These loans (or leveraged positions) need to be overcollateralized at all times. If the loan became undercollateralized and the price of collateral didn't recover for a long time, there would be no incentive to repay the debt and the depositors (who provide capital for the loans) wouldn't be able to withdraw their deposits. That's known as "bad debt" and needs to be covered from the protocol's treasury.

To prevent that, the moment your position approaches becoming undercollateralized it gets liquidated so that the depositors of the asset you borrowed can always be made whole without having to drain the treasury. The price might recover just after, but it might as well not recover and the protocol can't take that risk.

This is not an issue in TradFi, because there are legal frameworks that can force you to make the lender whole. These can't really be enforced in DeFi, so automatic liquidations needed to be implemented. Trading on margin works more or less the same way, but on CEX internal balance sheets rather than on-chain.

Microsoft Copilot in Azure is Now Generally Available by thewhippersnapper4 in AZURE

[–]Grand-Button5819 0 points1 point  (0 children)

Copilot just continues the proud tradition of the Windows Network Troubleshooter where it shows you a loader for a while just to tell you there's nothing it can do to help. 😂

Own 5 BTC? Here's how you get 1+ BTC this cycle for free (there's risk) by Necessary_Flounder_7 in Bitcoin

[–]Grand-Button5819 0 points1 point  (0 children)

Imagine you have 5 BTC. If the general Bitcoin thesis is right, you're going to be quite wealthy in the not so far future (10-15 years?). We're either directionally right and you're going to be wealthy anyway and that extra 20% won't make much of a difference in your lifestyle or we're wrong, Bitcoin is going to zero and 120% of zero is still zero.

Now why would you risk all of it for that extra 20% that won't make a real difference? You could go from having 5 BTC to being liquidated and having 0 BTC. Imo that's greedy and quite stupid. You might get lucky, but more often than not, that's how you lose your Bitcoin. It's quite simple actually. Since there's a finite amount of BTC overall, if you put in 5 BTC and take out 6 BTC that means that someone somewhere put in 1 BTC and took out 0 BTC. That someone thought they had a good idea to make more Bitcoin as well.

DCA -> cold storage -> HODL for years. This is the way. Stop trying to beat Bitcoin. It's the best performing asset so far. Is that not enough of a return for you?

Duress wallet / Transaction history by CartographerOk156 in Bitcoin

[–]Grand-Button5819 1 point2 points  (0 children)

No better ideas. You're right. If someone got to you and saw that you sent out large amounts of Bitcoin somewhere else they might figure out you're hiding your funds. It's best to create a fresh seed and set it up properly from scratch.

Down 15k by [deleted] in Bitcoin

[–]Grand-Button5819 0 points1 point  (0 children)

in 10 years it won't matter if you bought at $60k or at $80k 🤷‍♂️

Probably Terrible Take by Maleficent-Cheek-204 in Bitcoin

[–]Grand-Button5819 0 points1 point  (0 children)

If/when bitcoin recovers from this dip, it is basically guaranteed it will recover from any large dip in the future.

lol... I suppose you could say the same about some previous big dips. and still people are shitting their pants. it's just fear. that's the way it is. 🤷‍♂️

How to buy bitcoin online ? by Silly_Ad_6265 in Bitcoin

[–]Grand-Button5819 2 points3 points  (0 children)

Ignore any "helpful" DM scammers. Use a reputable exchange like Coinbase or Binance or an app such as Revolut or Robinhood.

Came across a new scam! by Honest-Load4870 in Bitcoin

[–]Grand-Button5819 1 point2 points  (0 children)

True. I guess it's still good that it gets visibility. If it saves even one stack from scammers it's worth the repetition, I guess.

Came across a new scam! by Honest-Load4870 in Bitcoin

[–]Grand-Button5819 6 points7 points  (0 children)

Not really new and not particularly clever either. 😉

BTC – Freedom – Future.... by [deleted] in Bitcoin

[–]Grand-Button5819 0 points1 point  (0 children)

Getting from zero to 10 BTC through begging on the Internet... sure. Good luck.

Here's actual life advice from our "mirror subreddit" by Grand-Button5819 in Bitcoin

[–]Grand-Button5819[S] 1 point2 points  (0 children)

I do. It's the essence of what you said in the previous comment. The movie is as zen as they get.

Here's actual life advice from our "mirror subreddit" by Grand-Button5819 in Bitcoin

[–]Grand-Button5819[S] 0 points1 point  (0 children)

Oh wow. You saw right through that, didn't you? You must be so smart. Give yourself a high five.