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10 sats \ 0 replies \ @02674f045a 6 Aug 2023 \ on: very cruel bitcoin
"And is there any way to change them into real money?"
*gives her the "private key" of 69694206969.
"Good luck"
Last words: NGMI, lol
dead
I'm wondering if tax implicactions could play a role. Being an expat I have to pay taxes on capital gains when I sell my BTC.
This may allow.me to buy bonds and get income via dividends which is untaxed up to $100k due to the foreign earned income exclusion.
Though it is similar to cashing out that money at $30k knowinf that next year it should be over $100k.
A lot of talk about the creepy factor but my interest is in the transparency, the ERC20 token that is run on the ever centralizing Ethereum network and the security of it.
Tell them their money is safer in 30 year savings bonds at 3.8%. Don't let them know that eventually they will be renting their orifaces to bitcoin hodlers just to afford bread.
I have used their prepaid cards.
I would buy them using LN then load the number into my Google Pay app which allowed me to pay anywhere that accepted Visa via NFC.
I had to stop when Visa started charging $2/transaction for purchases in my country.
Most people that have switched over to bitcoin live simpler lives.
When you know your money will 10x in a few years, driving a piece of shit car so you can become financially independent makes a lot of sense.
Overspending is fiat.
Ever bought a computer or cell phone?
Why? Why not wait until your money is worth more later compared to the price of that cell phone?
Because you need it.
Before mortgages people bought the amount of house they could afford. Married couples (instead of spending tens of thousands of dollars on a wedding) would buy a house and build a basement that they live in until they can afford to build the rest of the house.
People are living beyond their means. Once I switched completely over to BTC as my money I ended my debt and bought my house in cash.
I asked ChatGPT for a similar explaination using small numbers.
Imagine:
A=0
B=1
C=2
D=3
...
You hash your message by dividing the number by 3 and using the remainder.
Example message: CBD
3 / 2 = 1 with remainder of 1
3 / 1 = 3 with remainder of 0
3 / 3 = 1 with remainder of 0
So the hash is
100
Which is: BAA
You can verify the hash using the seed (3) and the original message. But you can't determine easily the original message from the hash.
This is a bad example because hashes are usually more unique.
At this point it is explained that hash functions are much more complex but this is a very simple example.
GENESIS