Coney Croft

Blackrock recently warned investors of the dangers of quantum computers to break encryption on Bitcoin. Bitcoin can easily be made quantum resistant. The only problem, if you really feel it is one, is that only old lost, or Satoshi addresses will be able to be hacked. Personally, I don’t see that as a problem. Maybe even a blessing. These old coins will be recirculated into the economy. As they are bought up, the price may fall and then eventually recover. Always need to remember, there only can be 21 million coins in all. No matter how hard we try, there will always be more lost coins in the future. Not as many hopefully as there were originally, as we learn more about how to protect those valuable assets.

Tell me if I’m wrong. Bitcoin mining centralization is not a problem as long as there are individuals outside of the big mining farms that still hash, and have a chance to win a block. When the big farms feel that it’s no longer profitable to mine, the individual farmers that have been there all along without any great hope that they would win a block, will hash on. If the mining farms attempt to change consensus of the block chain to advance their profiteering, then it will be up to the community to block those efforts.

It seems like the North Koreans are being a bit of a pest. They originally get their educations in IT in America. They then take it home to further hone their skills and teach others how to Hack. The Lazarus Group has netted millions of US dollars for their government. Then since 2018, and with illegal immigration into the US much easier they use Fake IDs to infiltrate IT, and Tech jobs in Fortune 500 companies here in the US. They not only funnel their salaries back to North Korea, they also can funnel information, and even plant virus’s into systems for future attacks. All of these funds they earn for their country are used to further Kim Jong Un’s vision of being a Nuclear Super Power. It won’t be easy, but these people need to be weeded out and deported ASAP. The safety of the World is at Stake. I’m sure they will make mistakes in whom they deport, but better safe than sorry is a good saying here.

This is hilarious! I believe there are people out there that will fall for this; Email from Coinbase Transition to Coinbase Wallet Required Post-SEC Lawsuit We’re reaching out with an important update about your Coinbase account. Following the resolution of our lawsuit with the U.S. Securities and Exchange Commission (SEC), we’re transitioning all customer assets to Coinbase Wallet as of April 8, 2025. The lawsuit, initiated in June 2023, challenged Coinbase’s operations. On April 5, 2025, the SEC dismissed the case after forming a Crypto Task Force to reassess regulations. As part of this outcome, we’re required to shift assets to self-custodial wallets. This means your crypto will now be held in Coinbase Wallet, giving you full control, while we continue to serve as your trusted broker for trading. To facilitate this, we’ve created a unique 12-word recovery phrase—your Coinbase Identity—to access your funds. Please store it securely offline and keep it private. This phrase is essential for managing your wallet. 1. panther 2. grunt 3. search 4. nominee 5. bless 6. wheat 7. energy 8. dragon 9. plug 10. shuffle 11. fit 12. funny We recommend setting up your Coinbase Wallet soon—ideally by May 8, 2025—to ensure uninterrupted access to your assets. Here’s how to get started: Step 1: Set Up Coinbase Wallet * Download the Coinbase Wallet app (iOS/Android) or Chrome extension. * Select “I already have a wallet” and enter your recovery phrase. Step 2: Transfer Your Assets * In Coinbase Wallet, use “Receive from Coinbase” to move your assets. * Confirm your balances after the transfer. Step 3: Complete the Transition * Aim to finish by May 8, 2025, for seamless access. * Need help? Reach out at help.coinbase.com. This change reflects our commitment to compliance and your security. Coinbase Wallet offers enhanced control with the reliability you trust from us. We’re here to support you through this process. Thank you for choosing Coinbase.

I wish that Bitcoin Short term holders/traders will get burned, stay burned, and never come back. Bitcoin does not need these people that only believe in Bitcoin as a tool to stack more Fiat.

I feel that for every person whose rhetoric incites criminal violence, should know the names of the persons that committed crimes on their behalf, and the penalty of prison or fines that they received. And that those persons that incited these people should have a list of those names connected to their profiles that may never be deleted.

It strikes me as funny how some people think that their digital gold is a safer investment than Bitcoin. They really believe that the paper certificate they hold for the gold is really sitting in somebodies vault somewhere. So whoever is in charge of that database that says that this is their gold cannot be corrupted in any way. They’ve been brainwashed. Nothing you can do about it. They will never understand Bitcoin.

If the US were to announce that there would be no capital gain on Bitcoin for the next 4 years, would you sell your Bitcoin. If your answer is yes, then you will have to admit that you think the US dollar is better money than Bitcoin.

Someone should start a movement. I except Lightning Bitcoin Tips. A sticker or a badge that a service worker could wear at work, that lets you know they except tips in that form of money. Could incorporate a way to put a QR code on the badge. Great way to get Waiters, Waitresses, Bartenders, Musicians and such into the groove of being orange pilled.

Does anybody else think we should just forget about this government Bitcoin reserve thing, and just get on with making Bitcoin easier for the everyday person and business that wants to spend and receive Bitcoin on an everyday basis. Build it better and everybody will come attitude.

Isn’t XRP just trying to be the world central bank, where as they control the flow of currency in and out of the economy, and reward there friends with new releases of it before the common people get it and it’s value is diminished by then.

I was concerned that Trump did not really understand Bitcoin. Now confirmed! What the F Trump wants to place tarrifs on Bitcoin mined in other countries.

Does anybody else think Trump will support Ripple, but side step on Bitcoin?

If you, or your group are not paying attention, then the persons that you put in charge of important matters will eventually make decisions that are in their own self interest. It will even attract bad actors to those positions for self enrichment. If you create an environment where those put in charge of important decisions are quickly exposed of any wrong doings, then those persons will tend to make selfless decisions for the good of the community. Americans have not been paying attention. Now, social media platforms, especially decentralized ones, have the power to expose the wrong doers very quickly. Causing the public to quickly rise up and punish the wrong doers. This will set up for persons with good intentions to seek out the positions of public trust. You must speak up, if you think something is wrong, even if you might be wrong. The public will quickly verify or dismiss your concerns.

Kind of wondering if an outgoing president will do things in his last days in office to sabotage the incoming president. Seams in 2 party system with different ideologies, that this might be standard operating procedure.

It’s not difficult to understand that some believe Bitcoin to be some kind of Ponzi scheme. Yes, too few people that got in early and or Whales control too large a percent of all available. And some may feel that the early in will cash out and leave the late comers holding a worthless bag. That’s how Ponzi schemes work. At this time, due to the tax implications, most will hodl, down on this asset. That’s not the ideal use case for it. Holding it does nothing to prove its real value. Its worldwide permission-less, unhackable distribution is its true strength. As soon as it is excepted as a payment system, that is not taxed like a commodity or security, then it will start to flow freely into the wallets of everyday users, whom will use it in there everyday life. The idea that it might be a Ponzi will disappear, and give way to the fact that in this internet age, it’s the best money ever conceived of.

Looks to me like with rule changes that may be coming to how we will be reporting our Bitcoin to the IRS that we may not need to report person to person, and person to business transactions if it does not involve the purchase of Real Estate or Securities. We will be incentivized to keep Bitcoin off exchanges to avoid capital gains taxes. I was out at one of my favorite pubs last night and got into a conversation with the owner regarding his problems with taking credit card payments. He has found himself needing to add 3.5% to customer bills who use credit cards to purchase. I’ve been seeing a lot of this lately. Even the gas stations are giving a better price to cash paying customers. The pub owner also tells me that he has to wait for the Credit card company to send him his money. Sometimes up to a month wait. In addition, his staffs tips on credit cards are delayed to end of week or more, and are added to their regular payroll check. Of course, taxes and all the other stuff taken out before receipt. This brings me to the point of this conversation. Bitcoin is now more than ever an answer to this problem. This pub owner could accept Bitcoin on the lightning network, and avoid all of this nonsense. You could even tip the staff separately, and they would have their tip instantly. There was a guy playing his guitar in the corner, and he was collecting some cash tips. I don’t really carry much cash with me anymore. There are others same as I. You want to tip that guy in the corner playing his instrument, and you don’t have any cash. Bitcoin is the answer. Merchants can talk to Strike or CashApp about converting Bitcoin payments back to USD to pay their vendors, or Bills. It’s time to get out there in our neighborhoods and promote this. Take your paycheck in Bitcoin, or convert it to Bitcoin immediately. At least some of it. Get out there and spend it with these merchants that sign on to accept this. This is the kind of adoption that Bitcoin was created for. It was not meant to be a get rich quick scheme that Wall Street could take over.