Owning bitcoin in a cold wallet is like holding 100-year old preferred stock certificates in Ford in your safe. No matter what happens to the stock market, your claim is still valid. This analogy addresses the fears of "what if the internet goes down?" or "what if they shut down the miners?". No matter what happens to the network today or tomorrow, your proof of ownership is preserved behind 256-bit elliptic curve digital signatures. The bitcoin network is primarily a transaction processing and validation system. For self-audit purposes, possession of secure private keys plus a validated copy of the blockchain showing an unspent output spendable by those keys is sufficient to be certain of one’s bitcoin holdings, independent of current network availability.

Physical health is evidence of intelligence in adults. Fat children is a marker of stupid parents.

Pot smoking makes you more susceptible to programming by the media. You smoke, snack, and zone out in front of the tube. Your altered state of mind lowers skepticism of what you are being told, so long as what you hear tends toward some form of paranoia.

What in the hell happened to Jesse Ventura's brain? View quoted note →