Mt Gox is Heating Up

Fortress are offering 80% on Rehabilitation claim values

Coinlab are still evil but may be relenting. 

https://blog.wizsec.jp/2021/01/earlier-mtgox-payouts-coinlab.html?m=0

https://blog.wizsec.jp/2021/02/mtgox-claim-calculator.html

Simple Model for Import Export Payments On Chain

I import product for business all the time and i am often forced to use the existing and antiquated system It is a nightmare. Requires a lot of trust, its slow and expensive. Normally paying USD in advanced is the requirement and at the moment you may wait months for your product to arrive with little recourse if its not right. 

There is huge prospect for bitcoin here. Taking advantage of the transparent block chain is also an advantage as when you transfer through the bank you have to trust a long line of intermediates with your money and you never really know where it is when it in limbo. Suppliers are forced to accept unknown exchange rates. Shipping companies have to do a lot of documentation so that part payment plans can be enforced.

So you could make the one transfer in bitcoin it would be much easier and faster, but you can also do lots of new more advanced payment plans better. Here's the plan for a self managed deposit plan.

Three part payment plan for importers and exporters

Agree on the total value at the time of purchase order as measured in bitcoin. eg 20,000 sats This could b e for FOB or delivered pricing. 

Stage 1. Paid to start the order

Stage 2. At some stage when shipping documents are received, eg: Loading onto ship confirmed.

Stage 3. On receipt of goods in good condition at your shop.

On the purchase order a you print a public address where the full sum of funds are sent. this way the supplier knows that you have the money available and they can see on the block chain if you move it. Its easy to do this by just creating a new wallet address in your bitcoin wallet and it will only take one transaction. 

When you transfer the bitcoin from each stage you do it from this bitcoin address.

Its that easy. 

I should really do a flow chart process for you  like i did for my shipping or container tracking and quality assurance stickers in a previous post here.

 

Orange Pill - The Danger of Copernicus

Get your orange pill with your friendly long form Podcaster. Today they chatted about Copernicus and how he not only redefined the solar system, but also ralied against the state for printing money and developed concepts that led to Gresham Law. The concept that people will always use the most scarce money to store their wealth. Copernicus was a bitcoiner!

The inquisition could not stop Copernicis in the end and now the bitcoin price goes up like the earth orbits the sun.

Link Orange Pill OP30 2021

Creating Privacy with Paper Wallets

Using paper wallets like cash adds a great layer anominity to bitcoin. #lowtechsolutions

Now you just need to find an all offline computer and dot matrix printer to make them.

Overtake Elon

The prospect of overtaking the new richest man in the world seems so impossible, his financial rise so untenable, however if you just consider bitcoin and what percentage of your wealth you have in it, you may just be able to ti catch up or get ahead of him. If bitcoin takes over everything, as it seems to  continues to do, then at some stage, all that matters is your satoshis.

Right now we could assume that all Elon bitcoin is in Tesla where they recently bought 1.5 billion worth, approx. 42,000 coins (less than micro strategy have bought for half the money just months before). Elon owns 20.7% of Tesla and that is pretty well his whole net worth at 150 billion. So we can say he has about 1.5% of his net worth in bitcoin. To catch up to him you just need to put more than 1.5% of your own in. To overtake him you just need 630 bitcoin, its a lot but its not so far as the hundress of billions of usd.

If you act now bitcoin can close the wealth gap and bring us closer together. 

New World Wizards

The bitcoin future is a fantastic one where kings and queens rule the lands only at the relaxed acceptance of the wizards.

These crypto wizards do not profess to beeing wizards and are not seen in public. They have a deep understanding of bitcoin in particular and have practical coding skills which they often experiment with. They can be quite private and are mostly only seen in character anonymously online.

The wizards heave specialties, dark wizards  light wizards and their magic is through "sufficiently advanced technology". They are also quite heavy into their philosophy and physics. You may even know one without knowing.

Alt Season May Not Arrive this Time

Bitcoin is up over 22% on the last tick and Altcoins are not keeping up. It seems likely that Altcoin season is not going to arrive like it has in the past. If it's not keeping up with bitcoin then you are going backwards.