The fundu are saifu
94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
281–290 of 747 posts
Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
#282Earlier quoted context omitted.
A rich person would read that quote and summarize it as "rich people are good". So really GP is just outing his or herself as not rich.
I'm an expat and read the quote as ~"rich people are foreign". Having different values from "you and me" doesn't make people evil.
Having different values from "you and me" doesn't make people evil.
For most of history, it (mostly erroneously) did. In 2019, this also applies. It's just applied much faster over global distances through the Internet.
Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
#283Is this a block of Satoshi mined coins? Anyone know a way to see the origin date of a particular coin easily?
> Anyone know a way to see the origin date of a particular coin easily?
Nope. None of the early block rewards have moved in forever, and that's fairly easy to verify.
Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
#284Earlier quoted context omitted.
My grandfather was similar. Died a millionaire while never making more than $30k/year. He just paid for things in cash and made sure to always invest. The only luxury he ever spent was on my grandmothers car. Everything else was on a budget and cheap as could be.
I feel like a life void of luxury is... not preferable.
Spending little money frees up your life from having to earn a lot of it. That trade-off starts looking pretty attractive after you've been chained to a desk for a decade.
Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
#285Maybe mtgox?
Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
#286I'm mostly puzzled by the fact that someone would let $1 billion sit in a wallet without earning interest...
Bitcoin is essentially deflationary. If Bitcoin maintains its utilitarian value, it will only grow in monitary value since less and less coins will be minted until no coins are minted, and also as people lose access to their keys. I speculate that in the future, Bitcoin might become valued so highly, that people don't even bother using it in favor of other coins, and as people don't use it, no one then accepts it, th…
> I speculate that in the future, Bitcoin might become valued so highly, that people don't even bother using it in favor of other coins, and as people don't use it, no one then accepts it, then it loses value
This is similar to Gold with the difference that it still holds value, it is so expensive that usual shops don't accept it though but still has high value, am I missing something?
Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
#287Checks my unknown wallet. Nope. Damn.
Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
#288Earlier quoted context omitted.
A couple million dollars is a retirement nest egg. You can stop working, stretch it carefully until you die, and leave a small sum to your heirs. To be very rich requires upwards of $100 million. Then you can access high paying investments which will generate enough income to afford a couple houses, hire help, buy a boat and a plane, and have enough left over after taxes to increase your assets to offset inflation. A…
A couple million dollars is more than a nest egg. You can retire immediately and provide for your family and yourself your whole life with that kind of money.
Entirely dependent on location, lifestyle, family status, etc. Yes, with $2m you can retire tomorrow and get something like $100K/year in pretty much guaranteed income not pegged to inflation. (You can argue the numbers but certainly ADDED: Yes, you're "rich" but not jet-setting in business class at resort hotels, multi-million dollar coastal city condo, eat at top restaurants on a regular basis etc. rich. Which is actually just fine for a lot of people who have no particular interest in those things.
Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
#289As far as the fees being so cheap, and every one else guessing about how expensive it would be to do it in a normal banking situation, F. Scott Fitzgerald is relevant: "Let me tell you about the very rich. They are different from you and me. They possess and enjoy early, and it does something to them, makes them soft where we are hard, and cynical where we are trustful, in a way that, unless you were born rich, it is…
Note that the difference in wealth applies over time. A middle class Irish person today would seem fabulously wealthy to an Irish peasant of the mid-1800s. (Estimated by some to be on average about half as wealthy as a contemporaneous American slave.)
Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet
#290Well now that I have a place to ask this question... Could someone explain to me about 51% attacks and if bitcoin is vulnerable to one? Hypothetically, a government decides to put forward enough resources to perform a 51% attack on bitcoin. Is that possible? If not, why? And is this something to actually worry about, or could something be done to combat it?
Happened to Bitcoin Gold a while back, here's a good explanation
https://forum.bitcoingold.org/t/anatomy-of-a-double-spend-51...
Edit: a word