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/biz/ - Business & Finance

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File: 2.98 MB, 3024x4032, trezor.jpg [View same] [iqdb] [saucenao] [google]
7348772 No.7348772 [Reply] [Original]

tfw thought this was the dumbest decision of my life when I did it.

>now it was the smartest decision.

>> No.7348846

>>7348772
If I knew you were going to make one of these meme threads I wouldn't have made a real one.

Someone shill me either on Trezor or Ledger Nano S.

>> No.7348851

>>7348772
LOCKED IN
O
C
K
E
D

I
N

>> No.7348929

Is this a fucking meme?

Who in their right mind is going to buy your overpriced coins when you try to cash out?

>> No.7348931

Thanks gonna buy 1 btc and lock it in at 6k. That way I can sell it at 6k when btc is worth 20k and liquidate some virgin who went on 100x leverage.

>> No.7348943

>>7348929
trezor

>> No.7348978

>>7348772
How does that even work

>> No.7348997

>>7348929
>doesn't understand the mechanics of locking

not gonna make it kid, this is crucial

>> No.7349007

>>7348929
>he doesn't understand blockchain tech
The price is locked into the distributed ledger and unlocked at a later date

>> No.7349009

i locked my stock in on a nano s as well as my crypto. i don't understand why everyone else didn't do this.

>> No.7349016
File: 84 KB, 573x430, 1517640052720.jpg [View same] [iqdb] [saucenao] [google]
7349016

>tfw locked in at 18k
/comfy/

>> No.7349030

>>7348929
It is a meme. This shit is worthless and I cannot even start to understand why would someone actually believe it. Is this greater fool theory at work or what?

>> No.7349033

my nano ledger coming this march to protect my worthless coins

>> No.7349059

>>7348978
it doesn't. retarded forced meme, like most of the gay shit that's posted here

>> No.7349105

>>7348846
trezor forces you to trust the company, the manufacturer, all of the manufacturer's employees, the seller you bought it from, the delivery company and all it's employees, etc

trezors have no built in security against bad actors having physical access to the device, and it can be trivially backdoored, and you cant even open it to see if its been tampered with, because trezor welded it shut, because they know if someone opens it it's game over.

with ledger you also have to trust ledger the company, and the manufacturer of their secure chips, but that's it. the chip ensures that software only ledger signs off on has access to your private keys, and theyre so confident in the physical security of their devices, you can open the back to check it yourself.

the only benefit of trezor is their online wallet software, but it also doesnt support many shitcoins.

>> No.7349123

>>7348772
Nice man. Where do you sell these at this price? ;)

>> No.7349140

>>7349007
I think it's actually BECAUSE I understand how the blockchain works that I don't understand how you can "lock in" a coin's value.

Can someone please explain how this is even possible?

>> No.7349145

>>7348929
imagine being this dense
>>7348978
it doesnt trade btc for 13k, you lock your wallet until btc meets 13k
1. its a security measure ensuring nobody who even gets your wallet stuff can withdraw until the requirements are met
2.it prevents weak hands from selling because they scared

>> No.7349168
File: 14 KB, 225x225, 1516207354865.jpg [View same] [iqdb] [saucenao] [google]
7349168

>>7348772
Nice work OP.

I downloaded the right firmware for the locking feature. So glad I did it earlier.

>> No.7349183

Oh my god you dumb fucks, when you lock in the price of your btc, it exchanges it to tether at that moment, nobody needs to buy anything because it's already been bought by bitfinex with tether.
It could not be more fucking obvious as to how this could possibly work. I'm so ashamed you fucking morons can't piece together something so damn simple. Anybody that asks how locking in the price of your btc would be possible you don't deserve to play the crypto game. Your dumb get the fuck out of here.

On that note, congrats on locking in at a decent price mate!

>> No.7349216
File: 54 KB, 750x573, BF7346F4-4E40-43E3-A654-707C2CB04CFF.jpg [View same] [iqdb] [saucenao] [google]
7349216

>>7348929
This. Why would anyone pay $13k for bitcoin right now. I swear you guys are fucking idiots sometimes

>> No.7349225

>>7349105
Thanks man. Is ordering it from Amazon safe enough or should I get directly from their website?

>> No.7349241

Best investment I ever made next to Bitcoin itself.

Locked in at 17.5k

>> No.7349251

>>7349140
>how this is even possible?
you SMASH DAT LOKK

> i understand the blockchain blah blah blah
there's that fag talk again

>> No.7349262

>>7348929
fucking nolockers. haven't you been brfo enough already?

>> No.7349278

Your btc is locked into a smart contract. This is not rocket science.
This is essentially what RSK does except locking in Trezor doesn't give you the ability to use the worth.

>> No.7349279

>>7349241
damn bro, that is a solid lock congrats many wishing they had your foresight

>> No.7349325

>>7349225
you can get a ledger nano s from anywhere (avoid the blue, its shit), just make sure you actually set it up yourself, and dont fall for the pajeet-tier scam of putting a mnemonic in the box that the scammer has access to.

if you want to buy a trezor (you shouldnt, you should build it yourself if you want to use commodity hardware), only buy it directly from trezor and try and use the most secure shipping possible. though i still wouldn't trust the device myself.

>> No.7349332

>>7349251
holy fuck i hate this board

>> No.7349350

>>7349225
>trusting the internet with your bitcoins
only buy from your neighborhood bootleg guy
it's the only way to be secure

>> No.7349419

>>7349350
if you live in europe apparently you can just go to france and buy one directly from ledger's hq

>> No.7349425

>>7348978
You sell it and store your USD in a bank at 13k

>> No.7349428
File: 151 KB, 237x313, 1494629307045.png [View same] [iqdb] [saucenao] [google]
7349428

>>7349325
Thanks man. Going to get it now.

>>7349350
Truly we are living in the cyber punk dystopian future.

>> No.7349435

>>7349332
you must cultivate your inner strength

>> No.7349440

>>7348929
>he doesn't know about trezor instant cash-out

>> No.7349511
File: 35 KB, 637x592, savor the flavor.jpg [View same] [iqdb] [saucenao] [google]
7349511

>tfw locked in at $84.7k
I actually have to wear diapers now to contain my constant ejaculations

>> No.7349537

>>7349428
just make sure you have a foolproof plan for storing the backup mnemonic or all the physical security benefits the ledger has over the trezor are meaningless.

>> No.7349545

I looked at the Tezor, but it didn't seem worth it.

$150 for the hardware key, to hold $3 in coin

>> No.7349554

I used my Trezor to lock in the price of Enron at $40/share. I made a lot of money by people coming to me after the crash and selling through me ... for a hefty fee of course. :P

>> No.7349652

>>7349140
>you press lock
>Your btc is sent to a multi-sig wallet (one for the hardware wallet, one for you)
>the price is recorded on the ledger
>trenzor essentially buy the bitcoins off you at that locked price (not really tho because they are locked)
>when you unlock it you have the option to either unlock your bitcoin from the multisig wallet or give the bitcoin to trenzor

>> No.7349653

>>7348772
can i buy your trezor for 10k? easy 10k for you, easy 3k for me :)

>> No.7349676

>>7349554
can confirm.
selling Bear Stearns and Lehman Bros for BTC.

>> No.7349678

>>7349428
cypherpunk*

>> No.7349694

>>7348929
smart contract and futures

>> No.7349725

>>7348772
You know tether is working with Trevor to implement this? It's on the tether update

>> No.7349763

>>7348929
His btc are gen 19 which are more valuable than the current gen of btc (21)

>> No.7349768
File: 167 KB, 1431x626, Bubble.jpg [View same] [iqdb] [saucenao] [google]
7349768

>>7349676

Make sure to save a few for this fantastic deal, still on the internet as of yesterday

>> No.7349804

>>7349725
based trevor

>> No.7349812

>>7349652
Okay so then if you locked in your btc at 13k, decided to sell say, now, Trezor itself will buy your coins at the price you've locked in at even if they're worth less half that right now?

>> No.7349828

>>7349768
can't cuddle a bitcoin ;)
and a tulip bulb becomes a pretty flower!

>> No.7349839

>>7349653
Fuck it, I’ll help you guys out. If you send me your $6k Bitcoin, I’ll send you some of my $16k bitcoin. But only doing this for the next two people!

>> No.7349863

>>7349812
M E M E

>> No.7349874

>>7349652
trezor dont buy shit, they just find someone to buy locked btc through exchanges that are partnered with trezor

go read gdax's API documentation, they have a few specific methods for this kind of matchmaking between cross wallets

>> No.7349883

>>7349812
do you really think so?

>> No.7349905
File: 181 KB, 404x274, 1516360062838.png [View same] [iqdb] [saucenao] [google]
7349905

>>7349007
>blockchain tech
>lockchain tech
>not understand how to lock in your price

>> No.7349910

>>7349812
Yep, Trezor will buy them from you. After that, they can either send them into the future to sell when the price has recovered, or send them back to when the price was last at that level.

Win win.

>> No.7349975
File: 15 KB, 355x355, Trezor.jpg [View same] [iqdb] [saucenao] [google]
7349975

>> No.7349989

>>7349812
Exactly

>> No.7350024

>>7349812
They buy them when you lock them and when you unlock you get the money from trezor or the bitcoin back.

>> No.7350051

>>7349975
someone redpill me on the dong cage
why does he wear the mask

>> No.7350066

>>7348929
poo color id confirmed pajeet

>> No.7350096

>>7348931
how do you lock in prices? I thought it was just a meme

>> No.7350101

>>7349883
n-no?

>> No.7350191

>>7350066
>poo color id confirmed pajeet
wait there are street shitters here?
eeeew.

>> No.7350282

>>7349145
>trezor discontinues their price api
>locked out forever
WOW, GREAT CONCEPT

>> No.7350312

> Buy 10000 Trezors
> "lock in" price for $1 million per BTC
> Buy the company.
> get rid of the feature.

>> No.7350374

>>7349145

Reminds me of the phone app that locks out your ex-girlfriends number during a certain time range, assuming you'd be drunk and knowing that no good could possibly come from that phone conversation.

>> No.7350482

>>7350374
if your ex doesn't block your number then you're doing it wrong.

>> No.7350485

Wait explain this to a no coiner
Why is this a physical hardware device?

>> No.7350594

>>7350485
so it can physically lock your coins at a physical price of course

>> No.7350607

>>7350485
you use a pendrive to store data right?
you can also use it to store crypto, because they are also data

>> No.7350739

>>7350485

A compromise which creates a physical separation between the internet and your encryption keys.

More secure than keeping your accounts on a web site.

(probably) less secure than keeping your bitcoin in a room where you roll around naked on them all day dreaming of lambos.

>> No.7350798

>>7349183
>falling for a meme this hard

>> No.7350967

wait the locking mechanism sells my coins for tether? what if I want to withdraw the coins?

>> No.7351085

>>7350967
and how do you intend to withdraw the coins if you locked them up you fucking cock?

seriously I'm done trying to explain basic stuff to nocoiners

>> No.7351387

can someone link me a youtube vid on how to successfully lock in? I am trying to help my parents, they told me their friends already locked in

>> No.7351476
File: 1.98 MB, 190x190, 1513406860029.gif [View same] [iqdb] [saucenao] [google]
7351476

>>7350594
>>7350607
>>7350739
nice, you guys interested in a sales job?

>> No.7351902

>>7348851
kek

>>7349145
top fucking kek all your BTC is locked until it goes back up to $13k which could take years when you could of just sold it and rode the dips up to $13k like everyone who makes a profit here does

>>7349183
>it exchanges it to tether
So they stole it?

>>7349225
Buy it directly from low feedback sellers on ebay

>>7349241
Unlocked in 2024

>>7349262
fucking scurbby nolockers
>>7349332


>>7349975
/thread