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re: Man in SF has 2 password tries left before he loses forever 220 million dollars
Posted on 1/12/21 at 12:11 pm to gthog61
Posted on 1/12/21 at 12:11 pm to gthog61
quote:
shows you that at its core bitcoin is nothing but worthless "find a bigger fool" bullshite
Ironic as you're such a tough guy constantly admonishing a one world currency, reset and the dangers therein.
0
Posted on 1/12/21 at 12:13 pm to TeddyPadillac
quote:
WHo the hell accepts BTC as payment?
Where does this guy go to get his $220M in real money if he ever retrieves it?
I know nothing about this hokey bullshite.
Simply transfer it to coinbase wallet and convert to us dollars, takes a whole 2 seconds.
Btc is less currency and more a storage of wealth. Think of it as modern day gold
Posted on 1/12/21 at 12:15 pm to HailHailtoMichigan!
It needs a capital but no special characters.
You can thank me later!
You can thank me later!
Posted on 1/12/21 at 12:15 pm to lsu777
quote:
Simply transfer it to coinbase wallet and convert to us dollars, takes a whole 2 seconds.
When was the last time you put $220 million into a "coinbase wallet" and tried to easily access it for use?
Posted on 1/12/21 at 12:18 pm to gthog61
quote:
shows you that at its core bitcoin is nothing but worthless "find a bigger fool" bullshite
Are stocks just pieces of paper too? Is gold just a rock?
I mean in the end a dollar is just a thin piece of paper.
.its crazy to me that it's 2021 and their are still people who don't have the smallest idea on what bitcoin or other cryptocurrency are and why someone may value them.
How out of touch with reality do you have to be? That's like saying stocks are nothing but worthless paper because even if you technically own a very small percentage of the company you can so anything with it.
Let's say you want have 220 million in gold and you need to transport to market or across country....do you realize how much that would cost and how unfeasible it is?
Or you could send that same amount of wealth to somewhere instantly or convert to usd in a fdic insured USA bank. Your choice.
fricking idiots man.
Posted on 1/12/21 at 12:21 pm to lsu777
quote:
Or you could send that same amount of wealth to somewhere instantly or convert to usd in a fdic insured USA bank. Your choice.
FDIC insured? You'd need close to 1000 separate accounts to get that on your 220 million.
Posted on 1/12/21 at 12:21 pm to HailHailtoMichigan!
Something that important he needed to tattoo it somewhere on his body.
Posted on 1/12/21 at 12:21 pm to Le Tenia
quote:
Subtle brag that he has $220 mil? I could easily say that I have $220 mil also that I can't get my hands on for the attention. Not buying this.
It was probably mined years ago and not anywhere worth it’s current value.
Posted on 1/12/21 at 12:23 pm to HailHailtoMichigan!
lmao, I bet it's one of the ones he tried...he just mistyped/misspelled something.
Posted on 1/12/21 at 12:23 pm to Y.A. Tittle
quote:
When was the last time you put $220 million into a "coinbase wallet" and tried to easily access it for use?
Did it not work when you attempted it?
Like any other transaction of that size, whether BTC is involved or not, I'd suggest a bit more strategy than dropping all of it into your capital one checking account all at once.
Posted on 1/12/21 at 12:24 pm to Y.A. Tittle
Well I could transfer 220 million in btc to coinbase easily. Hell 10,000,000 in bitcoin was literally transferred from an unknown hard wallet to binance exchange 37 min ago.
Now selling off 220 million instantly would make the market crash and the market price you would get would not be good. So you sell a million at a time and with bitcoin having a volume of over 61k btc bought and sold daily...well selling 28 btc is not going to be shite. Hell you could do 10x that, selling in 10 million dollar increments every 12 hours and it prolly wouldn't affect the market much.
As far as transferring to your own bank....are you suggesting a government regulated industry would not let you do that? Because you realize this is happening daily.
Go look at whale alert on Twitter. Hell someone transferred 3000 btc, about 104 million worth from a hard wallet to coinbase about an hour ago.
Now selling off 220 million instantly would make the market crash and the market price you would get would not be good. So you sell a million at a time and with bitcoin having a volume of over 61k btc bought and sold daily...well selling 28 btc is not going to be shite. Hell you could do 10x that, selling in 10 million dollar increments every 12 hours and it prolly wouldn't affect the market much.
As far as transferring to your own bank....are you suggesting a government regulated industry would not let you do that? Because you realize this is happening daily.
Go look at whale alert on Twitter. Hell someone transferred 3000 btc, about 104 million worth from a hard wallet to coinbase about an hour ago.
Posted on 1/12/21 at 12:25 pm to lsu777
quote:
Or you could send that same amount of wealth to somewhere instantly or convert to usd in a fdic insured USA bank. Your choice.
fricking idiots man.
I think you are missing the idea that there are heaps of logistical issues in easily transferring and accessing $220 million in ANY FORM. You're not being "special smart" in trying to assert that the bitcoin aspect may not create some additional hurdles here.
Posted on 1/12/21 at 12:25 pm to Y.A. Tittle
quote:
FDIC insured? You'd need close to 1000 separate accounts to get that on your 220 million.
No shite, I was simply pointing out that coknbase is just like any other bank.
Posted on 1/12/21 at 12:27 pm to Y.A. Tittle
quote:
I think you are missing the idea that there are heaps of logistical issues in easily transferring and accessing $220 million in ANY FORM. You're not being "special smart" in trying to assert that the bitcoin aspect may not create some additional hurdles here.
The issues are regulatory not physical as in gold. Also I covered this above, sure you can't sell all 220 million at once, just like you couldn't do a stock the same way or gold, it would crash the market.
10million at a time yea its not blinking st that.
Posted on 1/12/21 at 12:30 pm to Y.A. Tittle
And for the record easiest thing to do is transfer direct to tether treasury and have it converted to cash using a stable coin. Then you can withdraw to coinbase and not worry much about fluctuations and withdraw easily.
Hell 200 million and 400 million orders have done just that in the last 24 hours.
Hell 200 million and 400 million orders have done just that in the last 24 hours.
This post was edited on 1/12/21 at 1:13 pm
Posted on 1/12/21 at 12:30 pm to Fox McCloud
quote:
This is why Bitcoin is stupid. Way too hard to use and hold.
It really does get at what I think is stupid about Bitcoin. Superficially, you'd think, "it's all computerized, so you can't really steal it or lose it." Actually, though, the whole thing is set up to closely mimic what a piece of currency is like. Each Bitcoin is some magic number that satisfies some mathematical formula but it super-costly to make. Lose the number and it's just like burning up a $100 bill.
What really brought this home for me was when someone "stole" a bunch of Bitcoins from the National Bank of Bangladesh. How the frick do you steal something from a computerized banking system? That's just a piss-poor design. You ought to be able to press a key and put the money back where it belongs.
Posted on 1/12/21 at 12:32 pm to HailHailtoMichigan!
Worst part of all this is his OT baller status is on the line.
Posted on 1/12/21 at 12:40 pm to USMEagles
quote:
You ought to be able to press a key and put the money back where it belongs.
Well you can but the number of bitcoins are finite and the dates of release is already scheduled so who are you stealing it from to get it back?
It would be like someone robbing a bank full of gold and saying...just put the gold back. Doesnt work that away
Posted on 1/12/21 at 12:42 pm to gthog61
quote:
shows you that at its core bitcoin is nothing but worthless "find a bigger fool" bullshite
Kind of like trading in gold.
Posted on 1/12/21 at 12:46 pm to HailHailtoMichigan!
has he tried "password"?
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