More troubles in shitcoin land....

Yea, so 12,269.84 over 5 years is 2453 per year....204 per month....

The big issue though is that I think hash rate will probably go up 10x if price goes up 10x....so I think your actual BTC yield from mining will be much lower

From the FAQ:

So thats 1000 sats today but mining yield generally drops by 30% per year.

So even if we are optimistic and say it will only drop 20% per year, thats 1,226,984 total sats mined over a 5 year period. You will keep 80% of that so you get 981,000 sats.

Not sure how economically viable that is....but I guess at 1M BTC it pays for the monthly electricity use....

All ETFs originally had in-kind redemption as part of their application to SEC. Gary specifically voided it and told them to resubmit.

It shows how much Gary hates tax-payers in general......

Yes, well quite tellingly Sam Altman was director of YCombinator for 4 or 5 years.....they have no problem funding shitcoin/nft scams....they just dislike bitcoin.

Well HN (hackernews), the prototype and founder of reddit, is also very anti-bitcoin. Its very amusing to me to see all those "technology lovers" have missed the biggest technology development in finance in a few centuries.

In general, Silicon Valley "startup culture" is a giant fiat / gov stooge endeavor. The only things that get funded are projects that promise an ever increasing way to siphon user data into the panopticon

I would say earlier. subreddits were introduced in 2006 I think....and /r/economics was created in 2008. For the first year or so it was ok and then I would guess by 2009 or 2010 there was a big purge of the existing mods.

Suspiciously it times up with election of Obama. Worth noting that in 2007, the run up to the election, reddit was still at least 40-50% supportive of Ron Paul. Post election that changed dramatically.

All the big subreddits are completely controlled now. Even things like /r/linux are controlled. My last post on reddit was in 2020 during the pandemic, r/linux mods put up a sticky on top of page telling everyone to get vaccinated. I simply commented in that thread that said "this sticky on the homepage is off-topic and I think /r/linux should stay out of the vaccine debate". A mod banned me for saying that so I have never logged back in to my account (nor probably never will).

I can't predict how your GF will react, but from personal experience my wife changed from "unsure" about family to "all in" once we got married.

I think, very naturally, that women need to feel you are fully invested in her and totally committed until that part of them opens up.

I think the other thing that helped change my wifes mind was that I was lucky enough to be earning enough so she could stay at home. I think the combo of us being married + her seeing that some level of financial security was possible was the difference for her.

So very true. r/economics (and well all of reddit) was started by Libertarians and was very Ron Paul focused.

Then the marxist hit and /r/economics was culturally cleansed over about a 3 month period. Literally all the original mods were removed and keynesians added in. The "long march thru the institutions..."

I think because I'm older, I have a much easier time staying positive.

For the Millennials and Gen Z's out there, there was a time 25 years ago when to even suggest that "gov money printing causes inflation" was never mentioned. Like people online would vehemently argue against you if you mentioned it.

Ron Paul was loudly booed for saying "just take the troops home" in the presidential debates. He was seen as a kook for suggesting people buy gold.

We've come such a long way in terms of mindset shift. Its frankly mind bending to me that we have major politicians saying "never sell your bitcoin", sure he is just sucking up for votes, but thats not the point, the point is that politicians understand that this is an issue they need to support us on, otherwise they won't be elected.

Yes, "caveman diet" is the best. If you could reasonably eaten it 50,000 years ago, its probably fine.

I'm really unclear on how these "bitcoiners" think hyperbitcoinization would play out. Evidently they envisioned a scenario in which bitcoin gets to 10M per coin but wall street and gov somehow stayed away?

His points are not even that cogent. Saying that a bitcoin reserve would hurt the dollar is a bit like saying "the dollar was weaker when it was backed by gold".

Moreover, there is very little discussion in the SBR talks about what a monumental shift away from "Fed Power" this is....having the US Treasury hold BTC directly sidelines the Fed, which everyone should be for.

There is no reason we need a private 3rd party agency to issue currency. The US Treasury is suppose to do that job constitutionally.

I think everyone here agrees that staffers like yourself are getting screwed and we know that its not a cushy job.

However, there needs to be consequences, not to you but to congress as a whole. The budgets and spending bill was supposed to be done long before now. But they continued playing the brinkmanship game they have played for last 20 years: Delay until its a time-crises and then try to ram thru a 1500 page bill spending trillions of dollars.

There is no reason these couldn't have split out into separate bills and critical funding could've been secured easily (but maybe the pork wouldn't have been -- and that was their real goal).

Honestly I'm happy there are people like you up there who are also a member of this board.

The author dismisses the concerns of "covenant whitelist" but I think its a non-trivial concern. This is the problem with these new features: Its extremely hard to predict how they will be used in real world. The idealistic developer imagines they are helping people retain sovereignty but the reality may be quite different.

Its only a matter of time until US Gov realizes the awesome power that stablecoins offers it. The ability to put dollars directly in the hands of 6B people allows inflation to be amortized over a much greater population.

As someone in his 50s who has gone thru the death of both his parents, I would strongly recommend getting your parents close to you. Perhaps you don't need to have them move in, but yeah they need to be close enough so you can check in on them several times per day without making a "special trip"

Being more than lets say 1hr away will immensely add to your daily pressures. Emergencies (your mom or dad falling and being left alone or them getting stuck in a chair that they can't get themselves out of) happens at random times....its not going to coincide with your work/life schedule, and it will cause a big upheaval with each little disaster that happens.

I would say the annoyance level of your parents goes down the older they get....in many ways we revert to a more childlike state as we age. You will probably come to view your parents much the same way as you view your kids....the annoyance will not be the sort of "post adolescent" variety that we normally associate with dealing with parents.

Could be the case where the script had been working fine, but had a bug...

If you try to compose a bitcoin transaction by hand (or via a script) and then broadcast it yourself.....bad things can happen....

I've heard of a sorta related story. While visiting the UK a few years ago for work I was talking with the relative of a work colleague....this person worked for local UK police.

They were telling me about the case of "Prawo Jazdy". They started to notice that this person was racking up a crazy amount of speeding tickets. Like 5 in a day, even stranger is the tickets were sometimes within a few minutes of each other on completely different sides of the country

They started to think this was some sort of nefarious plot going on, but couldn't figure out who would do this and for what reason....

This continued until a co-worker told them that "Prawo Jazdy" is polish for "Drivers License".

Seems like traffic officers were stopping polish drivers, writing them tickets, but thought "Prawo Jazdy" was the persons name.

I would imagine thats some type of error in trying to compose his own transaction?

Looking at the address: 0xAC9B01895D2a6096DB382DD2f6aA5c2502956cD7 on etherscan.io it has about 10K in USDT in it.

I think the question of DCA vs All-in-buy is largely immaterial from a total return standpoint (Imagine btc goes 10x over next 10 years, will the difference really matter?)

However telling someone to DCA is the smart thing to do to preserve your friendship. Many people can't handle the volatility and they smash buy, btc drops 15%, they sell, then it runs up 30% and they buy in again....etc.

Even though its irrational, they will always blame you for that.....best to tell them to DCA in over the next few months, then if they decide to smash buy its on them.