Bitcoin Family in Phuket

[Neeranam]

Interesting read, although will annoy the haters who missed out. 

Of course, they are buying BTC again at the current low. 

https://www.cnbc.com/2022/11/30/bitcoin-family-moving-more-than-1-million-into-dexs-after-ftx-collapse.html

[worgeordie]

Good luck to them , either very brave or stupid ,with more exchanges

calapising , but they are keeping their crypto in cold storage whatever

that means .

regards worgeordie 

[smutcakes]

Fair play to them... not sure why it would annoy 'haters'. Seems they have made a bit of money, but hardly massive amounts.

 

Dont know why if they had plenty of cash they would ever think its a good idea to do an article about it so everyone knows. Although i did note that they repeatedly insisted that their cold storage wallets are hidden ALL OVER the world, not in their pant draw in their house in Phuket....

 

Not exactly convenient if one of their holdings sky rocket and they need to fly to Holland to get their wallet.

[Longreach]

it is an electronic wallet. u can access it from anywhere (or are u being a smartybum?)

[Thomas KH]

Totally forgot about my humble stash of coins if not for this article ????

 

 

[patman30]

it likely won't end too well for him
he was here a while ago for quite some time
he is having a good run though

[patman30]

1 hour ago, smutcakes said:

Not exactly convenient if one of their holdings sky rocket and they need to fly to Holland to get their wallet.

They can store wallet files
but what they can do, i do this myself
is split the private keys, save first half on one spreadsheet and second half on another spreadsheet (encrypted)
i can then give one file to one friend
and another file to another friend
both can be anywhere globally, neither can touch funds, i can get funds with two phonecalls (if late and i need to wake them up to send file)

[patman30]

1 hour ago, Longreach said:

it is an electronic wallet. u can access it from anywhere (or are u being a smartybum?)

please do explain

[FritsSikkink]

3 minutes ago, patman30 said:

They can store wallet files
but what they can do, i do this myself
is split the private keys, save first half on one spreadsheet and second half on another spreadsheet (encrypted)
i can then give one file to one friend
and another file to another friend
both can be anywhere globally, neither can touch funds, i can get funds with two phonecalls (if late and i need to wake them up to send file)

What happens if one of your friends dies unexpectedly?

[patman30]

7 minutes ago, FritsSikkink said:

What happens if one of your friends dies unexpectedly?

i have more than 2 friends????
i also have copies in locations i own
i was just giving an example of how to do with extra security
you can just have all private keys on an encrypted spreadsheet
store it or give it to whoever
the security is then dependant on your password
myself i use 48 characters, without any words, never written down????

Edited December 2, 2022 by patman30

[Neeranam]

1 hour ago, patman30 said:

i have more than 2 friends????
i also have copies in locations i own
i was just giving an example of how to do with extra security
you can just have all private keys on an encrypted spreadsheet
store it or give it to whoever
the security is then dependant on your password
myself i use 48 characters, without any words, never written down????

I wouldn't bother explaining to these guys, they don't even know how to buy Bitcoin and come into these threads to tell us investors how foolish we are. 

[Neeranam]

3 hours ago, smutcakes said:

Fair play to them... not sure why it would annoy 'haters'. Seems they have made a bit of money, but hardly massive amounts.

The haters are bitter as they were wrong, and come into these threads to try to justify their decision not to buy BTC when it was $10 as being correct. They wait for a time period when BTC does it usual capitulation and cherry pick prices to insanely tell us that BTC is worthless. They hate to see people making a profit more than their investments. 

[fdsa]

1 hour ago, patman30 said:

They can store wallet files
but what they can do, i do this myself
is split the private keys, save first half on one spreadsheet and second half on another spreadsheet (encrypted)
i can then give one file to one friend
and another file to another friend
both can be anywhere globally, neither can touch funds, i can get funds with two phonecalls (if late and i need to wake them up to send file)

you are doing it wrong, google for "multisig wallet 2 out of 3"

[smutcakes]

3 hours ago, patman30 said:

They can store wallet files
but what they can do, i do this myself
is split the private keys, save first half on one spreadsheet and second half on another spreadsheet (encrypted)
i can then give one file to one friend
and another file to another friend
both can be anywhere globally, neither can touch funds, i can get funds with two phonecalls (if late and i need to wake them up to send file)

Would prefer to keep it myself, what happens if your friend loses or deletes it.

 

Surely its just far safer to do your crypto, keep quiet about it when things are going well or not, keep your crucial details somewhere safe like you would a title deed or passport.. surely its a bit of a stretch to think thieves are going to start robbing houses to steal hard wallets and keys.

[tomazbodner]

This was posted by ECB...

 

https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221130~5301eecd19.en.html

 

Though there's one thing I disagree with this article. People's greed and stupidity. So Bitcoin could as well be around for a long time.

[worgeordie]

To put it in perspective , what about a post or article from someone who

was maybe a Crypto Millionaire or better Billionaire and now does 

not have a pot to wee in , I am sure they are out there ,but the only

stories you read are ,I bought Crypto and I don't know what to do with

all the money I have earned , you buy Crypto you can be like me......buy

it , buy it please so it goes up 

 

regards Worgeordie

 

 

 

[FritsSikkink]

2 hours ago, Neeranam said:

I wouldn't bother explaining to these guys, they don't even know how to buy Bitcoin and come into these threads to tell us investors how foolish we are. 

It isn't rocket science to buy crypto. You are not an investor, you small time gambler with crypto as it doesn't have value which backs it up. I work 40 years in IT security.

[BKKBike09]

Good for them. 

 

I much enjoyed this photo of Papa Didi "giving a speech on bitcoin adoption in Tulum, Mexico" (pop. 93) to an entranced crowd. 

 

Not sure why he doesn't spend some of his billions to buy a few more t-shirts.

 

[patman30]

2 hours ago, fdsa said:

you are doing it wrong, google for "multisig wallet 2 out of 3"

you think i do not know what multisig is LOL
and why on earth would i want 2 of 3 sigs for my own money?

plz stop, you are another one that is clearly out of your depth on this topic.
 

[patman30]

1 hour ago, smutcakes said:

Would prefer to keep it myself, what happens if your friend loses or deletes it.

 

Surely its just far safer to do your crypto, keep quiet about it when things are going well or not, keep your crucial details somewhere safe like you would a title deed or passport.. surely its a bit of a stretch to think thieves are going to start robbing houses to steal hard wallets and keys.

Already answered above

Your last sentance is naive
plenty of reports of people being robbed once it is know they have BitCoin
same for having anything of value in the home known
and as you can see from comments above
people assume "billions" and many wrongly think bitcoin is anonymous

[patman30]

39 minutes ago, worgeordie said:

To put it in perspective , what about a post or article from someone who

was maybe a Crypto Millionaire or better Billionaire and now does 

not have a pot to wee in , I am sure they are out there ,but the only

stories you read are ,I bought Crypto and I don't know what to do with

all the money I have earned , you buy Crypto you can be like me......buy

it , buy it please so it goes up 

 

regards Worgeordie

would only happen if trading with leverage
Bitcoin is not responsible for people gambling

if i buy 1 bitcoin
and i do not use it
i always have 1 bitcoin.

[patman30]

3 hours ago, Neeranam said:

I wouldn't bother explaining to these guys, they don't even know how to buy Bitcoin and come into these threads to tell us investors how foolish we are. 

i am pretty sure we can strongly disagree on what bitcoin is LOL

[Neeranam]

1 hour ago, smutcakes said:

Would prefer to keep it myself, what happens if your friend loses or deletes it.

 

Surely its just far safer to do your crypto, keep quiet about it when things are going well or not, keep your crucial details somewhere safe like you would a title deed or passport.. surely its a bit of a stretch to think thieves are going to start robbing houses to steal hard wallets and keys.

I have a couple of Hardware wallets, they are called Ledger Nano

[Neeranam]

35 minutes ago, patman30 said:

many wrongly think bitcoin is anonymous

I think most know that every bitcoin transaction is traceable, it's the haters that make up nonsense about drug lords or terrorists using it.

[Neeranam]

40 minutes ago, patman30 said:

plenty of reports of people being robbed once it is know they have BitCoin

really, I've never heard any

[Neeranam]

48 minutes ago, patman30 said:

you think i do not know what multisig is LOL
and why on earth would i want 2 of 3 sigs for my own money?

plz stop, you are another one that is clearly out of your depth on this topic.
 

Just block them, they really are ignorant. 

[OneMoreFarang]

You convinced me. Bitcoin is such a great idea. I will put all my money in it.

[Lacessit]

8 minutes ago, Neeranam said:

Just block them, they really are ignorant. 

If I was to block everyone on ASEAN who made an ignorant comment, I'd probably have only half a dozen people left.

[worgeordie]

26 minutes ago, Neeranam said:

Just block them, they really are ignorant. 

Just because other members have a different view on Crypto or anything else,

than yourself does not mean they are ignorant , and I think that is an ignorant

comment to make , 

 

People who own Crypto are always telling other people ,you should buy , buy,

it's the best thing in the World , not because they want you to be Crypto rich

too , it's just without new buyers , Crypto would plummet ,new buyers are

the only thing keeping it going, So anyone with a different view ,telling others

to be careful ,if you have a negative view on Crypto you are the enemy and Ignorant ........

 

Regards Worgeordie

[patman30]

45 minutes ago, Neeranam said:

I think most know that every bitcoin transaction is traceable, it's the haters that make up nonsense about drug lords or terrorists using it.

i was more refering to those who would want to steal it, but agreed

 

47 minutes ago, Neeranam said:

really, I've never heard any

https://thethaiger.com/hot-news/crime/foreign-gang-allegedly-extorts-russian-couple-of-crypto-worth-us50k-in-thailand

 

47 minutes ago, Neeranam said:

Just block them, they really are ignorant. 

i find the experts on here comical