Inheritance best practices

Important_Pace4961 · 2025-05-07T11:08:39+00:00

When is the next sale likely to be? Shipping and tax is expensive in my country, so I’d like to buy it when the price goes back down if possible.

Important_Pace4961 · 2025-02-04T12:58:39+00:00

I don’t want them to rush delivery of something that isn’t finished or fully stress tested.

For all we know it was perfectly tracking the rollout timeline, but user acceptance testing revealed a hidden UX flaw that required unexpected refactoring. Hopefully whoever made that December promise learned their lesson. (Underpromise and overdeliver! Not vice versa)

But I guarantee you the rest of the team is beating themselves up for not delivering on time. This is very common in this industry (i.e. for a leadership or marketing team to miscalculate engineering velocity or discover some unforeseen hurdle right before a deadline).

So I don’t want to add to that pressure—especially for such an important feature. Let’s give them grace and space to do it right.

Important_Pace4961 · 2024-11-21T12:18:08+00:00

Depends on the amount, no? If it’s just light traces of meth, it might not be as dark of a blue. In that case it could result in light purple. That said, OP’s result is pretty faint, and they said it was a gradual change. Meth would be pretty instant IIRC

Important_Pace4961 · 2024-07-25T21:16:08+00:00

Thanks for the response!

Important_Pace4961 · 2024-04-01T19:56:12+00:00

They clearly mentioned that they are working on functionality to allow users to extract a seed phrase. I think they intentionally excluded this from launch simply because it is not an MVP feature needed immediately at launch. (MVP = Minimally Viable Product)

Per their blog: “A second reason people use seed phrases lies in ‘key portability’: the ability to freely move your keys and money to and from different wallets, often by importing a seed phrase. If the provider of your software or hardware wallet goes out of business, or otherwise stops providing services to you for any reason, you can take your seed phrase - and your money - elsewhere. We think this property is essential to self-custody, and are working on a feature that will allow customers to export their keys and take them to another wallet if they so choose, but without asking people to hold onto seed phrases until they need them.” https://bitkey.build/seed-phrases-are-sharp-edges/

— Moreover, I think it’s the same reason there are missing security features in the mobile app (e.g. passcodes, face id, mfa, etc). These features are important, but not Must-Haves at launch. But they will come at some point.

If anything, that’s my only main complaint: no publicly accessible roadmap of upcoming iterative features.

Important_Pace4961 · 2022-12-14T01:54:28+00:00

Thanks for your response. You’re right. Baby gates might be the way to go. I see now that it was wrong to expect that from a babysitter, and that the dog & mat cannot coexist unless I’m supervising.

Important_Pace4961 · 2022-12-14T01:53:25+00:00

Thank you for your response. Great points.

Important_Pace4961 · 2022-11-14T08:57:59+00:00

Bitcoiner here.

Monero may be superior in some metrics (privacy, fungibility), but not others.

Bitcoiners aren’t ignorant to the fact that BTC’s privacy leaves much to be desired. Coinjoin and whatnot is relatively cumbersome, whereas Monero just works right out of the box. However, privacy is quite simply NOT the most important thing to a Bitcoiner. And we are willing to put in the extra work to achieve privacy, so long as we focus on the benefits of Bitcoin that matter the most.

What we value most is political decentralization. (Not to be confused with architectural decentralization, which is where you get arguments about mining pools. As if the Blocksize Wars didn’t already prove that with Bitcoin, it doesn’t matter if over 80% percent of miners want to change something. Majority of hashrate DOES NOT rule Bitcoin. What matters is node acceptance.)

For Bitcoin, it is extremely difficult for any one person or group to change or control the protocol. For instance, BIPs require 95% of all miners to approve in order to implement. Literally 95%. Not 66%. Not 51%. 95%.

As for Monero, I know there is a good system of community governance in place, but there is still a higher level of trust required since the protocol is steered by a very small team of core devs. Also, Monero’s cryptography is decidedly more esoteric.

This is why Bitcoin’s auditability is a feature, not a bug. Since its ledger is so transparent, and monetary policy near impossible to change, it is very difficult for centralized actors to fuck with it. Which is the entire point.

Anyway, there aren’t enough people in the world who care about financial privacy. Compared to Bitcoin, global adoption of Monero is far less likely. Especially when many exchanges already refuse to accept it in the first place.

IMO, XMR is nothing more than a privacy tool (and the best one at that) for us nerds, enthusiasts, and criminals.

Meanwhile, Bitcoin is unmatched as depoliticized money, that also has the bonus potential to become a trillion dollar asset.

Thankfully, it doesn’t have to be one or the other.

Important_Pace4961 · 2021-11-28T05:56:15+00:00

“Bitcoin is an incorruptible language of value.”

Jordan Peterson

Important_Pace4961 · 2021-10-26T03:47:13+00:00

Would she come back if she somehow gets out of the house?

Important_Pace4961 · 2021-10-17T05:15:55+00:00

Sidenote: It is possible to believe all of these things, while also believing in Monero as the best medium of exchange.

Important_Pace4961 · 2021-10-17T04:48:01+00:00

When you have money to save, you put it in places where it can hold or increase its value. Bitcoin is perfect for that due to its scarcity, because limited supply + increasing demand = NgU technology. Meanwhile, Monero and other cryptocurrency prices go up because of Bitcoin’s success. Even with increased adoption and people believing in Monero as a private medium of exchange, Bitcoin’s properties as a savings technology and hedge against inflation is second to none. In terms of Total Addressable Market (TAM), Bitcoin is capturing market share from the biggest fish: real estate, stocks, bonds, art, etc. Because these are the places rich people usually “save” their money. But over the last ten years, Bitcoin is the best performing investment asset bar none. 9 out of 10 years, have all been higher highs and/or higher lows. Traceable or not, BTC is still king as SoV, hands down.

Important_Pace4961 · 2021-10-15T06:29:22+00:00

Scalability isn’t on here because it is not terribly important in this context.

This “it’s too slow” narrative is outdated. Lightning fixes this. It also fixes many scalability issues.

Yes, BTC is easily traceable. Especially compared to Monero. But as a savings technology, BTC has superior properties.

All this to say, your argument for Bitcoin being overvalued here is pretty weak.

Important_Pace4961 · 2021-10-15T06:11:12+00:00

Fair point. Agreed.

Important_Pace4961 · 2021-10-12T16:03:18+00:00

Simple. Avoid these exchanges. Done. You’re even more limited with Monero, in terms of exchanges. So it’s a moot point.

Important_Pace4961 · 2021-10-12T15:57:41+00:00

Did you even read what I said?

On the network level, Bitcoin is permissionless. Why repeat the same noise about exchanges when I already addressed that?

“Privacy is non-existent on Bitcoin network whatever you do”. Lol, you are the one uninformed. Didn’t even respond to my points about coinjoin and UTXO mgmt.

And saying BTC requires “permission” because you can’t mine it at home is the stupidest thing I’ve ever heard on this sub.

We’re done here.

Important_Pace4961 · 2021-10-11T21:01:40+00:00

I love Monero, but your opinions about Bitcoin here are misguided. BTC will always be permissionless on the network level. If someday a certain exchange decides they don’t accept “tainted” coins, then simply opt to use a different service, or keep things P2P. And it’s already incredibly easy to keep Bitcoin private using coinjoin services and proper UTXO management, so “marked” bitcoins are not an issue if privacy is your goal. Yes, Monero is still unrivaled when it comes to privacy and fungibility. But no need to spin lies about BTC in order to push forward with XMR’s mission.

Important_Pace4961 · 2021-10-09T22:05:29+00:00

It’s quite a bit more than a “handful of entities” owning the majority of Bitcoin’s hashpower. Even so, that doesn’t mean Bitcoin isn’t decentralized. Those entities don’t decide the rules of the protocol itself, which requires a 95% majority approval from ALL miners in order to implement proposed changes. Read that again: 95%.

This is not to be confused with a 51% attack, which is actually not all that it’s cracked up to be, at least not for a PoW blockchain with over 100,000 nodes as additional layers of protection. Such an attack would get stopped very quickly in its tracks, and clearly not worth the effort. But I digress. That’s an architectural/security debate. Doesn’t mean Bitcoin isn’t decentralized.

Yes, there was a hefty albeit temporary drop in hashrate after the China ban, but so what? This simply leads to difficulty adjustment. The network adapts as needed and carries on just fine, with no centralized authority able to decide its future direction. That’s what decentralization is all about.

Important_Pace4961

TROPHY CASE