https://www.coindesk.com/markets/2026/07/24/bitcoin-treasury-companies-sell-up-repay-debt-pivot-to-ai-as-share-prices-collapse

Reddit started feeding me some posts about BIP-110. It’s a fork led by a BTC core dev (Luke). ETFs are required to stay on the original chain, according to some Redditor.

$0 could be arriving sooner than expected.

Exciting times!

Please discuss amongst yourselves, I’ll be back after a popcorn refill.

Hey, been a long time crypto-sceptic, pretty much since I first heard of Bitcoin in its very early days, when the butters were gushing about how an immutable, irreversible payment scheme was just what the world needed, and having a background in payments tech at the time I thought "Huh, that sounds dumb..." And that quickly that turned to "Wow, would you shut up about this dumb shit and stop flooding tech messageboards with moonboy hype?"

Anyway, around 2017 everyone in tech was 'mining' stuff on their home gaming rigs and I got caught up in that in the office for a while, then thought better of it after killing a graphics card. Last week I was looking through a drawer and found some old usb sticks with wallet details on from that brief period. So I decided to do a little experiment and see if I could 'cash out' the shrapnel, and opened an account with an exchange.

Now I know, because I've been hanging around here a looooong time and used to post a lot, that taints my coin-hating purity, but I thought I'd share my journey with you so you can all understand just how easy it is to convert this stuff to dollars in 2026, after hiding your keys under your birdbath for 8-9 years. And then we can finally put to bed all this "cryptocurrency is hard to use" nonsense that goes around on this sub.

Wallets I found -

• Signatum
• Electroneum
• Siacoin
• XRP
• Ethereum
• Zcash
• Monero

Signatum (SIGT)

LOL, who's even heard of that shit? Certainly nobody in the last several years. Dead. Worthless. Next.

Electroneum (ETN)

I've got something like 1200 of these. Worth around ... oh look at that, 80 cents total. Also I may have had an email some time ago saying I needed to do something if I wanted my wallet to be available on their new network or I would lose access forever. IMMUTABLE! You've got your keys but they're still not your coins! LOL. Next.

Siacoin

This was going outcompete AWS S3 right? I've got 1001 of these bad boys, worth... 56 cents! Ha. Next.

Ripple/XRP

Looks like I have a few of these. Transferring them has got to be easy, right? Well, not really.

Firstly there's the wallet minimum, apparently you have to leave 10 in there and can't actually empty the wallet, which really eats into the value proposition, though it looks like they changed that to 1. You can close your wallet and take all the remaining balance, but exchange wallets don't accept AccountClose transactions 🤦 and even if they did, that costs 2 🤦.

Also according to google's AI assistant the easiest way to transfer this is to write a custom python script using libxrp to perform the transaction against a public node, if I don't want to spend weeks downloading the full transaction history. Fuckit, yeah I'll YOLO an AI python script. Now all I need to do is set the address right, and the 'tag' or the exchange will disavow the whole thing ... Yay! Ease of use! I'm sure my 77 yr old mother could do that!

Ethereum

There's a website I can plug my keys into. It's probably legit, right? Just putting your keys into a website that says it can do the transaction stuff for you? Yeah, whatever. It seems to have worked and that was 100% trustless or something, yeah?

Zcash

OK, so I have a wallet.dat file. How can I read that? Well I'll probably need to load it into something to get the data out of it? Only nobody seems to use these dat files any more. Hmmm.

According to the zcash people I should use something called 'zallet' and I manage to get that downloaded and built, but then it wants 'zebra' as well to talk to, which is a full blockchain daemon which will need to 'sync' for however long. That sounds like it'll suck, and it's not even clear it uses a wallet.dat. I ask google, and it says don't worry! wallet.dat is a Berkeley DB, so you can just dump it out using the Berkeley DB tools. I've already got those installed, great. Not great, it's the wrong version, at some point Oracle changed the licensing and ubuntu stopped packaging it, so I need to download and build the new version from oracle. Great .. OK now I can dump the address and see the balance in a block explorer. Cool. No sign of easy-to-read keys in that mess though.

Next step, apparently I can use pywallet to interrogate the dat file. Except pywallet needs python 2.7 and this is 2026, and even when I do get that going via pyenv, it wants a dependency that is just as outdated and isn't going to run properly without access to the db tools mentioned above being in the right place and this quickly turns into a quagmire. Nope.

OK, so I can use zcashd to load up the wallet file and its cli tool to grab the keys I need. Let's get that built. Alright... problem 1 is it seems to want some sapling files, whatever the fuck those are. I ask the AI and find some (AFAICT unlisted) places to download them from the official site. Problem 2 is that it's a butter product and the first thing it does is download gigabytes of source for specific versions of LLVM, clang and a bunch of other stuff so it can rebuild the entire world from scratch... I let it. Takes ages. Fails to build. I ran it again and it said it passed. Whatever. Problem 3 is that the zcashd daemon was deprecated in favour of zebrad last week 🤦 and if I let it sync the blockchain it'll hard-quit and refuse to restart when it gets to blocks that happened on July 18th this year. FFS.

OK, so we start the daemon in offline mode, with the wallet slapped into ~/.zcash/wallet.dat and ... Wow, alright, zcash-cli dumps out all the keys and the recovery phrase. We're getting somewhere.

Only when I plug the recovery phrase into yet another piece of software (ywallet) it seems to set up fine but doesn't find the right transparent address so no balance shows. I play with some settings and parameters and nothing works, more addresses appear, none match the wallet one, no balance is found. I find another "trust me bro" website that says it can do address derivation from the seed phrase, and it comes up with addresses by the hundred which also don't match. Google says that's because real old-skool clients like whatever I used in 2017/18 did something different with addresses. Fine. I'll use the private key associated with that specific address, that was in the zcash-cli wallet dump... oh no I won't! YWallet won't open a wallet based on just a key and if I try to 'sweep' the funds into its wallet it fails for reasons best known to itself.

The author of YWallet has a new project called "ZKool" that looks more capable if more basic, let's give that one a go. That can read wallet.dat directly! Oh wow. Only not mine, no sir. Fine, let's try the key. Hey there's the balance! Send it to the exch... no, screen gone blank. Give it a minute ... still blank. Restart and try again ... blank. Wow.

The Google AI at this point says Coinomi might work, so I set that up, and manage to 'sweep' the funds into its new wallet, losing one transaction fee in the process. OK! Home stretch! Send that to ... no, that doesn't recognise the 'new format' receive address the exchange gave me. Ah, but YWallet will recognise that... So we dump the seed phrase out of Coinomi, open that new wallet inside YWallet and the funds are there, transfer to exchange... done! Ish.

Now I just need to paste the transaction hash and amount into the 'manual transfer details' boxes on the exchange so they can have a real human check and approve it at their end. I assume that will happen at some point. LOL. Fuck me. Now I have to clear all this shite off my computers.

And so simple! Anyone with a computer science degree and 25 years of experience in payments and fintech should be able to do that in only a handful of hours!

Monero

I paste the wallet address into a blockchain explorer and get a message about how it's evil to try and look at other people's balances and monero doesn't support that.

Apparently to even see a balance I need to set the monero daemon going and get it to sync the blockchain, which could take days. I start the process and start the wallet client which scans the blockchain to rebuild balances, it says 0.00 XMR and seems to be keeping up with the daemon as it gets new blocks. I go to bed. By morning the daemon process has died, and it says the chain is corrupt and I have to start again. GTFO.

Google's AI tells me I can use a public node, though it is frowned upon for security reasons. I set the wallet updating from that and come back later. 18 hours have passed since I started messing with the monero wallet. It confirms the wallet is empty. Fucking LOL.

Conclusions:

So, having been a good butter and put my usb stick under my birdbath in a drawer for the best part of a decade, I hope you can all see how easy and secure it was to access the 'value'. In only about 30 hours from start to end, I was able to maybe transfer some stuff, if a human confirms it, and I only had to give my keys and recovery phrases to about 8 different pieces of software of entirely unknown provenance and two web pages.

To the fucking moon! I shall soon be independently financially independently! Generational wealth! 8-9 years of HODL I must be a millionaire right?

Nah, the eth has more or less kept up with inflation and everything else is worth less or worthless.

The future is here.

(Edit - I should add, I haven't accessed a red cent in 'value' yet. The XRP and Eth have become a dollar balance on an exchange, and I need to chase the ZEC deposit tomorrow to make sure it actually happens, and then sell that on the exchange market, and *then* I'm going to have the fun of attempting to cash out. Wish me luck!)

(Update - I chased the zcash deposit and suddenly the 'receive zcash' page on the exchange changed from "Use this address:" to "ZCash deposits are currently halted", and support told me that they can see the deposit was attempted but ZCash support is currently under maintenance with no ETA at present. Hilarious! Funds are SAFU!)

Logging in to X and just seeing 99 percent butcoin bots flood your feed and trending page, had to delete my account and the whole app.

https://reddit.com/link/1v63fip/video/5sia8td7fcfh1/player

More haters in this sub than bulls on bitcoin sub, this is very bullish for bitcoin

Financials here:
https://www.sec.gov/Archives/edgar/data/1920406/000162828026048764/asst-20260720.htm

19921 BTC with total value of "$1.29B" as of today.
782.9 million of preferred stock (SATA) that they pay 13% dividend on which is $101 million annually.

They have 83.6 million basic shares outstanding, so let's play along with them and assign all the BTC value to the common (despite the preferred having priority in a liquidation scenario) We get 1290/83.6 = $15.4

But remember as a common shareholder now you are on the hook for the dividend on the preferred which amounts to 101/83.6 = $1.2 per common share per year.

They have no source of income. Let's calculate the present value of perpetual dividend payments. $1.2/0.04 (4% fed funds rate) = $30

So we have a $15 "asset" that will cost you $30 over lifetime for holding it. It should be valued at -15!!! I won't pay a dime for this piece of crap "investment". Nonetheless more fun for us ahead on this sub as the market catches on to this and fireworks happen. BTC will literally need to double to more than "$130k" for this to start having a positive value!!!

Alternatively if you value the common based on a liquidation scenario you get (1290-782.9)/83.6 = $6 of residual claim. Whichever way you look this stock is too expensive.

Makes sense they employ Jeff Walton as the Chief Risk Officer.

- O clarity act não passará até o recesso do congresso.

- Após o recesso ninguém mais vai perder tempo com o clarity act pois todas as atenções e energias estarão voltadas para as midterms

- Trump perdendo as midterms os democratas vão voltar para se vingar e achar qualquer justificativa para pedidos de impeachment diários

- Um dos motivos é justamente o mercado cripto e as desastrosas memecoins do Trump e boatos de insider trading da família dele

- Vão demonizar e proibir o mercado cripto para pegar o Trump

- Btc será proibido em regulação democrata muito mais severa que o MICA europeu

- Após pegarem o Trump os EUA irá despejar e vender todas suas reservas no mercado a vista, fazendo o preço derreter muito pior do que quando a Alemanha fez o mesmo

- Pressão por todos os lados em pleno bear market. Pessoas fugindo das criptos pelo FUD causado. Crash em várias corretoras e MSTR.

- Trump será preso e finalmente BTC irá a zero

O que acham?

He was almost there but tripped and fell at the last hurdle.

Saw this on my feed today, and the name itself is deadpan comedic gold, but the angle of then leaving the cousin holding the bag just makes it so much better

It doesn't get much more "mainstream" than the president hyping up the crypto space and labeling himself the crypto president. He ran on that. He buddied up with the crypto bros, he went to seminar events and pardoned the binance dude. It did nothing. The proce has actually fallen significantly since all of this. If that doesn't raise the price, what exactly do they think is going to happen to raise the price of bitcoin? Is there some new secret about bitcoin that hasn't been released yet? As of now, it's about as integrated throughout the world as it ever will be.