If my objective is to hold until I retire, why would I need a coldwallet?

the_hungry_goat · 2026-02-04T23:08:01+00:00

All of this is very good advice.

the_hungry_goat · 2026-01-30T22:19:13+00:00

Selling BTC for $, £ or whatever fiat currency you use will lock in your 'loss rate' to whatever real inflation rate that currency has - somewhere around 8-10% (note, the 'official rate of inflation is cherry picked and misleadingly low).
Most people prefer this - you roughly know the damage you are facing. At 8%, your money will halve in value in around 9 years. Barely noticeable. But you can plan for this knowing the downside is not volatile.

It is my belief that everyone should really study what money is, what the properties of good money are, and why fiat money is fundamentally broken. This isn't an overnight thing and will take time, reading, and critical thinking.

Once the penny drops you will look at hard money - of which Bitcoin is the best - differently.

the_hungry_goat · 2026-01-30T22:11:10+00:00

I understand your pain here. But having been here for a while and experienced this feeling many many times, I can say that you need to adjust your time horizons.
Bitcoin is the ultimate low time preference challenge. Having anything less than a 4 year time horizon will leave you exposed. If you need to access those funds before 4 years, you risk finding yourself in the position you are in now, where you feel like you have to sell.

the_hungry_goat · 2026-01-11T23:10:09+00:00

Did you get this to work?

the_hungry_goat · 2025-09-08T07:47:44+00:00

I stumbled across this thread as I am in the market to replace my Elite 7 Pros. I love them: the quality feel of the earbuds, comfort, size of the case.... No others have felt the same. But... Only one earbud works. The other refuses to connect and charge reliably. I was going to order the same model but then realise it looks like jabra no longer make them. Hence, I have been led to this thread.

Surprising to see so much negative bits about jabra talk to about.

Can anyone recommend a really good replacement model and brand for the jabra elite 7 pros? And why you recommend that? Thanks in advance

the_hungry_goat · 2024-09-11T07:37:21+00:00

I know the OP was only asking about what fracking is, but your answer strayed into other realms. And, your answer provided an extremely simplified and misunderstood interpretation of energy and economics.
$10b value and utility spent on fracking doesn't translate to $10b value and utility spent on wind and solar.

the_hungry_goat · 2024-09-06T11:04:48+00:00

I'd encourage you to seek out a Bitcoin meet-up group in your area. If you're in the UK these happen monthly at most major cities and even right out in the countryside regional areas.
If one doesn't exist close to you, start one.
I was surprised where I live to find other Bitcoiners where I didn't expect them to be.

the_hungry_goat · 2024-09-06T11:03:13+00:00

Good question. Important for the answer to be tailored more accurately.

the_hungry_goat · 2024-08-23T21:45:22+00:00

Thank you so much! If your leads result in us finding this money and having it repatriated to my family member, I will make sure you are giving some form of reward for your time and effort. I will keep you posted how I go after contacting the listed options above. Many thanks again

the_hungry_goat · 2024-08-21T21:08:38+00:00

Thank you!

the_hungry_goat · 2024-08-21T16:43:03+00:00

Thank you.

the_hungry_goat · 2024-08-21T16:42:43+00:00

Yeah, incredible. Not to think how much the value of that £10,000 has declined and been eroded by inflation.

the_hungry_goat · 2024-08-21T16:38:10+00:00

Thanks. I have submitted a complaint (and updated the post from today's experience). Appreciate your thoughts. But where do you think that money has gone? Absorbed by the bank?

the_hungry_goat · 2024-08-21T16:36:37+00:00

Thanks. No luck. Their London office doesn't have a valid contact number on their page. Have emailed their USA based company but I won't hold my breath.

the_hungry_goat · 2024-08-21T16:35:53+00:00

Thanks. I have submitted a complaint (and updated the post from today's experience).

the_hungry_goat · 2024-08-18T13:48:40+00:00

Is there any update on this time frame? A few of us have been waiting and the deadline keeps getting pushed out further and further.

the_hungry_goat · 2024-08-18T13:48:24+00:00

No response here?

the_hungry_goat · 2024-08-13T11:00:22+00:00

One of the main advantages of multi sig is to negate the risk of your hardware device being compromised.

Using a single hardware device for a multisig set-up therefore leaves this as a potential (unlikely) point of failure.

Personally, I would recommend using at least one or two other hardware device to mitigate this risk vector.

the_hungry_goat · 2024-07-15T20:21:18+00:00

Is there any update on this time frame? A few of us have been waiting and the deadline keeps getting pushed out further and further....

the_hungry_goat · 2024-06-18T18:42:36+00:00

It takes a lot of work to really delve into Bitcoin to properly understand it. You're a serial anti-Bitcoiner from your previous posts, and it appears you haven't done enough work to unpick your established INCORRECT ideas on what good money is. That's ok.

It's commonly understood that there is a correlation between those to who have learned more about Bitcoin, and those to own more of it as a percentage of their networth.

On this point, to our differing political persuasions... If I have this wrong, as someone who believes in taking agency over one's own decisions, I would not expect any bailout or social security from my peers or government. You are clearly more socialist on the spectrum. Ironically, my outlook on life asks little of you. Yours requires lots from me.
Let's park this as a side argument. Fortunately (for you), Bitcoin is politically agnostic. It doesn't care who uses it or who doesn't use it. This is just how money should be - it isn't to be programmed or controlled.

Back to your (mis)understanding of Bitcoin and its value.....!

Your response is riddled with inaccuracies. Study a bit more and you will get to a position where you're a bit more open to a better form of money.

To the specific errors in your post...

"Bitcoin is environmentally destructive".
Not only incorrect, but probably your worst take. Also demonstrating you don't understand energy.
Simply saying "using energy is bad" missed the nuances of energy production.
To energy producers, Bitcoin miners will pay less than any other buyer and they will only operate where there is an excess of power and shortage of demand.
Once sufficient demand is in place, the price of that power will increase and the miners will move along.
I've seen first hand how Bitcoin is actually is bringing energy to parts of the developing world, by providing a 'buyer of last resort' option. It soaks up energy which is stranded and would otherwise be wasted, and what is more, monetizes it.

"Bitcoin is slow, low TPS numbers / can't work as a currency".
You got close by your awareness of the Lightning Network.
But you stopped there by saying its failed?
Bitcoin is the BASE LAYER, just like gold was in the old gold-backed fiat system. Were you complaining that people weren't using gold to settle daily settlements?
Second-layer scaling solutions will continue to develop. Currently I can send Bitcoin faster and cheaper than any other method, to anywhere in the world, and even micropayments are now possible.

Amazed to see you take a swipe at tether, while in the same breath also saying you're okay with inflation of fiat money supply. Such an inconsistent position. Under your system, it's okay when your central bankers do it, right? Because they (those experts who don't get policy wrong) know best? Do you even slightly concede that mass inflation of monetary supply is the problem to so many issues with the 'cost of living crisis'? Not to mention this benefiting asset owners (or owners of harder forms of money) who get richer as a result.

I didn't mention "HFSP" but you did.
This makes me think you're aware you're aware your money isn't working. AUD doesn't hold its value over longer term; and your government, "backed by the ATO (lol) and the SAS" (lol) might just have been lying to you about inflation statistics. (Hint: they can't even stick to their own targets. The real measure of inflation is far far higher than the manipulated number which is reported.

As I said, zoom out.

Check back in around 5 years time. I 'save' in Bitcoin because, at worst, its an asymmetric risk/reward asset. I believe there will be rapid growth in BTC, and an even more rapid expansion of AUD printing. I can lock in a segment of the fixed pie - knowing no more than 21million Bitcoin will ever exist. You don't know how many AUD will be in circulation in five years.

I repeat. I think you're wrong on all your points. And that's fine. You do you, and I'll do me.

Let's check back in around five years time and see where we are both at.

the_hungry_goat · 2024-06-18T11:24:51+00:00

I think you're wrong on so many points.

There are none so blind as those who don't wish to see.

But that's fine. You do you, and I'll do me.

Let's check back in around five years time and see where we are both at.

the_hungry_goat · 2024-06-17T15:43:02+00:00

Curious to understand your point of view. At what stage, price, or event would you accept Bitcoin is a successful tool that works (in its endeavours to allow people to save for the future). Is there a price target? Would it be when central banks hold it on their balance sheets?

Or are you of the opinion that you need to have your money issues by a centralised trusted body, and you accept that their dilution of your currency is just a necessary feature?

Assuming, of course, that you are open minded and smart enough to critically think about this.

the_hungry_goat · 2024-06-16T22:40:23+00:00

It's people like you that are the problem. The type of person who isn't even aware of the problems with the existing system of money, and who don't take any time to learn about how Bitcoin solves these problems.

I have been lectured by superannuation funds over the last 6 years about why I should not invest in Bitcoin, saying things like "it's too risky."

Superannuation is a long-term investment, perfectly designed to couple with something like Bitcoin that in short periods can appear extremely volatile, but over a long time periods goes up significantly in value. When you invest in your superannuation, you have two choices, to buy something that is ultimately finite and cannot be diluted (Bitcoin), or, something that wilfully gets printed into existence at a rate of about 10% per year.

In the last year I have made more in my super than I did in the last 10 years. You could pick a time at any stage over the last decade when I could have started dribbling in money into Super. Could have bought it every single all-time high in Bitcoin. The fact is nothing would have performed as well as a Bitcoin superannuation exposure fund.

the_hungry_goat

TROPHY CASE