Recent content by SigSweet

Ive had my trunk break down, never thought to myself I should have had a horse Did go horseback riding as a kid, 2 day journey with camping, one horse tripped and broke its leg, had to be put down, really sad memory

Agree most coins (99%) will trend to 0 over time due to their centralized nature, lack of true use case, & SEC enforcement due to distribution

Bitcoin is Proof of work and the only real chain that has significant hash to provide security for large transactions Some coins are proof of stake, eth is moving that direction as well. there are pros and cons but i believe over time most coins except BTC will trend to 0 as use cases diminish.

Depends, in certain cases you can transfer bitcoin physically without a connection to internet People get hung up on SHTF situations that like gold. I used to think like that, but honestly if SHTF and you had no internet or cell service etc a stockpile of ammunition would be better in that...

So why not make the money now?

Its like the argument of horse vs car, when you understand the advantages and how/why it works its obvious

If you needed to barter for gold how would you validate its authenticity? Is it liquid if you did need to convert it to USD or CNY haha Do you physically hold it, how much space does it take up and how much does it cost to keep it secure? Easy to smuggle if you needed ? I really cannot think of...

Bitcoin is competition for gold as a hedge for inflation, you wouldn't want to move back to PMs Also paypal doesnt allow you to self custody your bitcoin which is part of its use case so be careful there

Is your paper wallet the seed or the just the private key, if it is the private key only u need to send the full amount in the transaction or you will lose the funds sent the the change address.

The entire internet would have to go out globally including the TOR network if this happened there are other problems And bitcoins can be exchanged without the internet via opendimes or wallets

Becareful using coinbase - they report everything to IRS, this year returns ask if you made interest so you will need to report that as well

You pay to make transactions so there is still a fee reward for miners processing transactions, as well difficulty adjusts accordingly

Cold Storage (offline) - get a coldcard by coinkite & dont bother with doge

Yea Bitcoin only at this point purchase my first bitcoins 2015, used eth, eos, monero around 2017/ 2018 then shifted all my efforts and holding to strictly bitcoin I run a few miners, currently operate 2 of the largest liquidity providing nodes for the lightning network I use an OTC desk for...