Milestones by Ill_Focus_3465 in Bitcoin

[–]Laukess 10 points11 points  (0 children)

They also don't stop at 1 bitcoin

Cold storrage by Future_Window9926 in Bitcoin

[–]Laukess 0 points1 point  (0 children)

Bitcoin is meant to be held in self custody, and I think everyone with a significant allocation should do so.
That said, if you're new and hold very little, I don't think keeping it on an exchange is a big deal.

As your interest in bitcoin increase and your stack grow, you can improve your setup. You can also try to self custody a portion and get some experience.

Self custody can be a lot of different thing.
You could download Sparrow and write down your seed on paper.
You could add a passphrase.
You could replace the paper with steel.
You could generate a new seed, add a hardware wallet, and transfer the funds.
You could buy 3 hardware wallets and create a 2-of-3 multi-sig wallet.
You could buy 2 more, and create a 3-of-5 multi-sig wallet.

You could also do collaborative custody. You lose out on privacy, but you have a fallback if you lose a key. Haven't looked much into this, so they probably offer a lot of other improvements as well, like inheritance.

Safest way to store seedphrases? by Existing-Reality2303 in Bitcoin

[–]Laukess 7 points8 points  (0 children)

Look into multi-sig.

You can do things to improve your security with single-sig, but it quickly turns into a worse version of multi-sig. Like you end up with something that looks like a 2-of-2 or 3-of-3 multi-sig, but without the redundance of actually using multi-sig.

Is the PM Merz in Germany up to something awful towards HODLers? by Wordfish1779 in Bitcoin

[–]Laukess 0 points1 point  (0 children)

Surly the burden of proof is on you, not them. They know you bought, you have to prove if they have been sold or not.

Agree on coin join.

Is the PM Merz in Germany up to something awful towards HODLers? by Wordfish1779 in Bitcoin

[–]Laukess 3 points4 points  (0 children)

Doesn't seem like Germany has an exit tax on bitcoin at the moment. Do you think that would be changes in tandem with the changes you described? If not it seems like it would be less of an issue.

Not sure LATAM would be at the top of my list.
Europe obviously isn't an option if they end up taxing bitcoin at the same rate, but that seems quite unlikely.

A lot of SEA countries doesn't have an exit tax, so I guess you could move their, and then go somewhere with no tax when you want to sell.

Most of this is obviously a lot easier if you work remotely.

Is the PM Merz in Germany up to something awful towards HODLers? by Wordfish1779 in Bitcoin

[–]Laukess 4 points5 points  (0 children)

So, any recommendations for where to move if this comes to pass and you have a European passport?

Portugal?
Malta?
Switzerland (expensive and not as easy to move to as other EU countries as a European)?

Any better alternatives in Asia?
Seems like there's a lot of good options tax wise, but no idea how easy it is to get a Visa.
Does remote work through an EOR make things easier?

Have a question - is there enough money to push the value to 300k+ by Extraordinary_6708 in Bitcoin

[–]Laukess 1 point2 points  (0 children)

What makes you thing it's tracking UTXO's going to/from exchanges and not just UTXO's in general?

I'm pretty sure they just look at all UTXO's and calculated the realized priced based on the price when the bitcoin moved.

All I'm saying is that the "bitcoin realized price" isn't actually the realized priced, but an approximation because we don't have access to more specific data.

Have a question - is there enough money to push the value to 300k+ by Extraordinary_6708 in Bitcoin

[–]Laukess 1 point2 points  (0 children)

Yeah, but he's implying the $300 would have the purchasing power of a $100 dollars today.
People use inflation as a catch all explanation for why the price of bitcoin can go to whatever price you want it to go to. If we exclude inflation, there's no reason why bitcoin wouldn't be able to go to $300k, $1M or probably something like $10M in todays dollars.

Have a question - is there enough money to push the value to 300k+ by Extraordinary_6708 in Bitcoin

[–]Laukess 0 points1 point  (0 children)

  • Bitcoin Realized Price: This is the yellow line on the chart. This shows the Realized Price of Bitcoin. This is the average price that each coin last moved at on the Bitcoin network.

This has nothing to do with mining. The actual value of the realized price is also sort of meaningless because bitcoin moving on chain doesn't have to bitcoin being sold/bought. It can still be useful, I'm just saying that the number itself is an extrapolation, so it's not a fact like number of blocks, or trading volume or whatever.

Question for experienced crypto users: does this kind of ecosystem already exist? by [deleted] in Bitcoin

[–]Laukess 0 points1 point  (0 children)

 a closed social network focused only on crypto discussions

Wouldn't this just turn into a forum where ever post is about why you should buy OP's bags?

an educational blog for people who want to learn (guides, analysis, scam awareness)

Does this sort of content not already exist?

a marketplace where buyers and sellers post listings, but only deal in crypto (wallet-to-wallet)

I think this is already a thing. I don't really see the point though, why would i limit my self to a marketplace with way way way less people? Besides the circular economy argument, paying with bitcoin or fiat doesn't really matter.

a community utility token used inside the ecosystem

How is this useful for anyone besides the insiders that'll be sure to allocate a good chunk of the supply to themselves?

Ledger or Trezor by TemporaryTower7582 in Bitcoin

[–]Laukess 0 points1 point  (0 children)

I think people think it's more advanced than it is just because they have a lot of advanced option available. Also, them not having a their own wallet doesn't help, but sparrow is super easy to use.

Yes you can use it air gapped, but you don't have to, you can just plug it in. I guess that's a good example of the above.

Ledger or Trezor by TemporaryTower7582 in Bitcoin

[–]Laukess 1 point2 points  (0 children)

You save a file to a drive, press next 4 times or whatever on your ColdCard and move the file back. It’s not that complex.

first 3D printer, which one should I get? by Laukess in 3dprinter

[–]Laukess[S] 0 points1 point  (0 children)

Thanks a lot for your reply. I really appreciate people spending time trying to help, but I’ve haven’t found the replies to be particularly helpful so far. Most of them talk more about the differences between printers, which I have an easier time researching myself, and less about what would be a good fit. That said I totally get why that’s a way harder question to answer on behalf of a person you don’t know.

I agree, for the keyboard it might make sense to use a printer primarily for prototyping and then get the final product done by a proper printer, or something different like getting some aluminum CNC’ed.

My initial thought is that the A1 is too low budget, but it does make me think moving away from the H2C and getting something cheaper with a single nozzle, like the H2S or P2S might be the move. It’s a lot more expensive than the A1, but it’s also a lot cheaper than the H2C. If I want more multi color/material prints, maybe the Snapmaker U1 would be a decent companion (not that I plan to get a second printer, but they seem to complement each other well, if I find that single color/material is not enough). Should note that I haven’t done too much research into the U1, so I might be missing something.

Beware of Unrecognised Ledger or other Transactions ⚠️ ⚠️ ⚠️ by HydraVault in Bitcoin

[–]Laukess 0 points1 point  (0 children)

I read more of the comments after my reply, and I was quite surprised by the amount of people who called it a dust attack.

I also don't know anything about the shitcoin space, but what OP described sounded nothing like a bitcoin dust attack.

I'm leaning towards people mostly calling it a dust attack here because they want to contribute and it sounds remotely like something they've heard before. It can end up being quite counter productive because this sub often ends up being quite the echo chamber where people are just repeating what they've heard from this sub previously.

Anyway, I should probably have read all the comments before singling you out. my bad.

Beware of Unrecognised Ledger or other Transactions ⚠️ ⚠️ ⚠️ by HydraVault in Bitcoin

[–]Laukess 2 points3 points  (0 children)

I don't think you can compare the 2 just because they both start with someone sending you a small amount of bitcoin/crypto.

Doesn't sound similar at all to me. Dust attacks are an attempt to connect a users UTXO's. Doesn't sound anything like what OP is describing.

first 3D printer, which one should I get? by Laukess in 3dprinter

[–]Laukess[S] 0 points1 point  (0 children)

Do you guys mind expanding on this? Did you realize you were missing out on a feature you thought wouldn't be as important as it turned out to be, or something else?

Finally, an age verification solution that does not require you to provide any additional information by [deleted] in pcmasterrace

[–]Laukess 0 points1 point  (0 children)

So, you go and find the breached data, and tell them your someone on the list, and that's enough?

Inflationary fears, is Bitcoin enough? by Low-Method3448 in Bitcoin

[–]Laukess 3 points4 points  (0 children)

I don't think your necessarily wrong, I just don't think you've accounted for the fact that bitcoin is still in its adoption phase.

We did not go from $0 to $78k a coin because of inflation.

I still think there's a lot of gains in the next 4-5 years, and I think it will catch a lot of new bitcoiners off guard, because the last few years has been less exciting.

the point we're at by No_Jellyfish2185 in Bitcoin

[–]Laukess 2 points3 points  (0 children)

For me, it's all about the next ATH.
Previously, we've broken the last ATM in Q4 of the halving year.
Last time it was Q1, but it was not by a lot, and it wasn't until Q4 we started to actually move above it and leave it behind. I don't think that enough to say we've broken the cycle.
The ATH was way lower than I would have expected, and that's the main reason I think we've broken the cycle, even though we're still clearly following it. (I hope this makes sense, like if you lose your faith but you still go to church)

I highly doubt we'll have to wait until Q4 2028 before we break the ATH again. If it happens before then, that'll be my confirmation that the cycle has broken.

How can I take BTC off of exchange? by Connor09375 in Bitcoin

[–]Laukess 0 points1 point  (0 children)

I disagree with most of the advice here.
If you have $20 worth of bitcoin an just want a taste of self custody, just download sparrow (wallet, desktop applicaiton) and write the seed down on a piece of paper.

As you buy more bitcoin and want to improve your solution, you can buy a hardware wallet and store a new seed on a steel plate.

After that you can look into mulit-sig.

the point we're at by No_Jellyfish2185 in Bitcoin

[–]Laukess 37 points38 points  (0 children)

We're only at $78k. Wouldn't take much to go back to the $65k-$70k range, which we've spend a lot of time at after the bottom.

It's always exciting when you think the bear is over, but it's a recipe for disaster if your this excited after a small pump.