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Just looked my 10 year mark here was a few months ago. Didn't even remember. Congrats on making it a decade.
Just had my 25th anniversary on another forum.
And dang I'm old just looked and had 30+ anniversary on another. Signed up when the only way to surf was a on Lynx which is a text only browser on a site (if you could even call it that) that had no name only IP address to get to it. But damn we traded a lot of hardware on it.
-Dave
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Edit: I read some more as well and it seems you are correct, adding a restriction for commercial use cases makes the code not respect open-source rules anymore. I was genuinely not aware of this beforehand. I will give this some more thought and see if we want to go the source available vs fully open source route. My fear is exactly the one described above; i.e. someone forking it the next day and launching a competitor.
Would be honestly really great to hear some opinions of why you think open source is better vs source available.
IMO you will get a lot of resistance to reproducible source available vs open source. And I think you should do what works for your company. I don't care so long as I can verify that it's good and even more with a product like this I don't think it matters. There are 2 parts of the product the ring and the software. The issue is the physical ring can be anything even a cheap EMV card. So that means someone can come in and take your work and make a cheap ass product using your code. For things where the software is the product (electrum) then I want open source. For products where someone can take your code and create a similar product for a low price and sell it for a lot then reproducible source available is fine for me. I will also say that this is probably not going to be a popular opinion here, but it is mine :-) -Dave |
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The Uniited States tax laws are insane. Despite several attempts to try and wrap my head around it, I hit a brick wall every time. It seems like a design intended to indict people rather than make the process easier for them, you have to figure out what to do and when to do it, otherwise you'll face prosecution.
Let's see as more details unfold regarding this case.
- Jay -
i thought it was just a proposal still, they must have approved the bill on Sunday night session. last news i heard it was 25% for unrealized gains so there it goes. it's official and Ver is the first to be set as an example. just look at how much effort he made to the extent of renouncing his U.S. citizenship but seems like he will be expatriated to pay. not sure if he knows that he is required to report to the IRS even when he isn't a US citizen anymore. all the troubles seem nothing has changed. feel sorry for him. it's their law though. I really don't understand one thing: he made all these efforts, like you say, to renounce to his American citizenship because of tax reasons, I understand it, it makes sense, but then why would you keep your American companies, so you are still tied to the US anyway, and, especially, why do you lie on the tax returns? A guy like Roger Ver was probably already flagged for different reasons, did he really didn't think that the IRS would find out? We are talking about huge numbers, this is not the average Joe trying to save a couple of hundred bucks. I really don't get it. It's not even American companies it's any money earned in the US. If you are from someplace else and go to Vegas and win a jackpot that requires a W2-G (tax form for gambling winnings) casinos will withhold a percentage of your winnings and then you have to file a tax return to get them back. There are tons of rules around it but more or less that is how it goes. Same thing if I go to other countries and earn money there I have to pay the taxes there. -Dave |
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Anybody can say anything on twitter.
-Dave
So, you don't trust a verified account on Twitter? Damn! Setting aside both the dislike of ocean and the fact that they didn't provide any data, it is still possible for them to be more profitable than another pool for a miner in a selected interval, we're talking about 0.1% to 0.15% of the hashrate , luck could play a huge role in it. Going just through their data rally quickly, in the last 30 days they had 8 blocks, so they mined 0.18% of the blocks while having at max levels 0.16% of the hashrate. Now if we go one month before it drops to 5 blocks, so... well they are tiny well under 1%. so as you say doing 8 vs 7 a month means they have a good month. but if i run 200kwatts a month at 5 cents it costs me almost 7400 for power. and if they do 4 vs 7 I am into pocket for thousands. Agreed, that is why more and more people are supporting PPS+ pools vs. PPLNS or any other format of getting paid. It's a job so to speak. You submit a share you get X amount of BTCMuch like working someplace, you show up, do your job and get paid. You don't care in the day to day week to week month to month if the company is making money or not. If they have a bad month you get paid. If they have a great month you get paid. And hopefully the company keeps making money so you keep getting paid. If VIA or Braiins does not find a block for a week I really don't care. I got paid. -Dave |
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Well realistically most people in the world aren't going to care about self custody. Most people are going to buy Bitcoin to save money because its price goes up. I understand and agree, but here's the problem: the whole point is self-custody, not (only) because it gives the user some significant advantage. It's the whole point, because it makes the network unstoppable by state actors. I'm myself using custodial LN when I want to make a payment from my mobile phone, and it's fine for small amounts, but it's not the right path to take, IMO. Custodial solutions create money transmitting businesses which besides regulatory problems, act as central point of failures. What if the authorities decide to take down LN hubs with the excuse that they facilitate money laundering? At the current state, network's liquidity would seriously reduce. I have been wondering if there is a business model in having a well funded well connected node that people who run their own LN nodes can connect to so they can have self custody BUT they do not have to worry about finding routes. If you do not plan on receiving BTC then you don't have to worry about having inbound liquidity. There are enough 1 button install nodes (mynodebtc, umberl, raspiblitz, etc) that setting one up is now more a 1 click thing. Having a 1 click route too might be good. The issues now are that a lot of the large well connected places want a lot of BTC locked up if you want to open a channel to them. I was thinking that having one set to allow you to open a channel with BTC0.0005 or BTC0.001 Not going to do it, don't have the time or BTC, but just thinking if there might be a business model in there. -Dave |
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I agree with a UPS solution. Mine is set to automatically shut down the computer after 5 minutes on battery power. Plus, I backup the blockchain once a day. If it gets corrupted, I'll have just one day to resync.
I think UPS or replacement battery is cheaper than 2TB SSD and also a better solution. Losing power can lead to data loss and silent corruption all over system, not only Bitcoin.
A good UPS not a cheap I got it at WalMart UPS. If you want a cheap one and are in NY I have a pile of them that have to go to the recycling center to be disposed of properly. They just don't last, and don't work well and have really poor transfer times (from when a drop is detected to when they take over we are talking fractions of a second) and hosts of other issues. I could save time and just take them from the box and drop them into the recycling pile bypassing the time and effort to install them. There is a reason why this one is $ 345 for a 750va https://www.amazon.com/CyberPower-PR750LCD3C-Sinewave-Outlets-Mini-Tower/dp/B0BY3NDG3YAnd this one is $ 100 for a 750va https://www.amazon.com/CyberPower-EC750G-Ecologic-Outlets-Compact/dp/B00DBAA33K-Dave |
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But yep, taxes and all the laws regarding them are indeed crazy in the US. However, in other countries the actual tax rates are even higher (though I don't know how complex the laws are, or how fucking hard they make it for the average person to file their taxes without resorting to expensive software or hiring an accountant). I don't think the IRS is looking to put people in jail necessarily, but they just make doing your taxes unnecessarily difficult/costly as I just said. The amount of money involved in this case is huge, but for "little people" who owe back taxes or get caught up in tax issues, the IRS usually settles with them in the form of a fine, penalties, whatever and they don't end up in prison.
For 99%+ of the population of the US income taxes (the IRS) are actually easy. It's just that most people get caught up in the 'you need to have an accountant' or the 'you need a tax professional' For under $50 you can get software that will do it all for you. Even moderately complex things like crypto trading. As for not paying your taxes most of the time there is no penalty if you don't not pay on a regular basis. Keep it up and they will nail you. Mess up here and there and you will own whatever you owe + interest. The flip side is also true, if you mess up and the government owes you money you get (minimal) interest. Yes you can always get 'that guy' who works for the IRS who wants to nail you to the wall. But for the most part it's not that bad. Stale / local / sales tax / property tax and all those other things are different but not really part of this discussion. -Dave |
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But yeah, I do understand the mindset you guys have when it comes to such topic but out of all honesty, the pessimistic comments (not yours specifically, but the ones that come out of nowhere and immediately label someone a 'scammer' for mentioning such topic) could just overall not be commented if that's how you feel, cuz why waste time commenting about wasting your time if it truly is a waste of your time, right?
Common just stop it!!!! Those addresses that somebody intentionally picked from top100 richest and only the ones who haven't moved in a decade have been present in different combinations in "found" wallets on this forum already a hundred times, the same story, found on same darkweb, found on some lost HDD, found bla bla bla... and yet, all those newbies coming close to a fortune in billions sitting right there haven't been able in years to get any of the coins there..., why do you think so? And funny enough, as one of the addresses there is from the stolen MtGox funds, so right now if you truly have found the wallet you should send it to the feds  Also for the rest you should return them to this guy who says he has lost it: https://bitcointalk.org/index.php?topic=5274302.msg55153847#msg55153847LE: My god, 18 morons have paid for this: https://satoshidisk.com/pay/CEu1tXI'm sure more then 18 morons have paid for it. This file and others like it have circulated for years. And the people who make are either the OP or hire people like to OP to discuss it so that others will buy it too. Which is why the OP now has negative trust from me and others should leave them negative trust too so that anyone dealing with them knows. -Dave |
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Small update:
Removed the old 3V yesterday and put in a new one. Less then 24 hours later it's down to 0.6V so there is some sort of massive draw on this thing.
Screen still has not arrived from China, no communication from seller. They said 4 to 6 weeks and we are just under 4 weeks now so I'll just keep waiting on that.
-Dave
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the problem is the only vps i currently have is slooooooooooooooow (it's a small vps from hostnamaste and they seem to have overloaded their hosts. Logging in takes about 2 minutes, let alone running a cpu miner)... I barely get 20 Mhashes per second (really, not kidding......). I have no idear if the mining actually works, since at this hashrate i will not find anything.
update it seems like somebody is running an asic on the testnet4... hashrate is 425 Th, so my 22Mh is < 1/19.000.000 of the current network hashrate... On average, i'd hit one block every >300 years. I just hope this asic-miner turns off his asic from time to time to give the cpuminers a chance...
Maybe i have to dust off my old geccoscience compaq... If i remember correctly it hashed somewhere at the 50 Gh range??? At least i'd have 1/8500 of the total network hashrate, and i would be able to mine a block every couple of months... ~sigh~
That will continue to be an issue forever with anything that is 'low use' and has a mining algo that has asics for it. There are so many 2 or 3 gen out miners that are just sitting there that it's not a big deal to mine something worthless with it. The difference in loss for the cost of power between something that has $0 value and the potential profit of mining BTC (or LTC or whatever) that has value but a difficulty that is that high is just about nothing. Back to this, has anyone been able to compile this for windows? I tried last night and got a bunch of errors. Was exhausted and doing it remotely and just went to bed. Didn't even record the errors. -Dave |
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And all of us are lucky that Avalon / Canaan is shipping slowly if they were fast it would kill off all of the units above.
That’s a good point! You have to wonder why they are half-assing the sales. Is production just not ready yet? Is this a temporary, loss-leader product? Maybe a limited supply of chips? I guess we’ll find out. Margins have got to be razor thin with 10 chips in there. I can assure you that none of the projects you listed are getting “killed off”. More like “super motivated” now. I'm thinking it's more of a side project for them. They put together something neat and put it out there. If it sold great, if it didn't sell also great not a lot of time & money invested. Remember they are a public company so they have to have some sort of justifiable reason for most expenditures. They can also use it to gauge the potential sales for other projects. If there was not a demand they could say no more small miners. Now they know they can sell these, will they now start looking at some things that are a bit more powerful but still quiet and low power. -Dave |
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I can understand your point of view. For now the ring is not built to work like that; it works on the finger. But you bring an interesting conundrum and I think that we can add this as an optional for people to decide whether they want to left their rings unlocked or lock them. I still don't understand how the tangem ring would *know* it's not on your finger unless you have an actual information being transmitted, i.e. locking the ring, but we can probably implement a locking mechanism that you can activate from within the app. I'm not 100% sure if we will be able to include this in the absolute first release but I'll have a deeper look at it.
It's just antenna placement and shielding for the NFC. If you get it *just* right you can get it to scan while on your finger. But there is no way you can do it easily. Not so much tech as design. -Dave Ok, that makes more sense. I'm not sure that's very good design though if you plan on using it daily / multiple times a day if you always have to take it off. I had figured it's more of a "lock your ring" type of thing which would've made a bit more sense in my opinion. Perhaps 2 versions? 1 with an better antenna for the people who leave their tap to pay credit cards in their pocket. And a version for people like me who have their tap to pay credit card in a RF blocking sleeve in an RF blocking wallet in a RF blocking pocket. -Dave |
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It falls down to the fact that better criminals will still find a way. The ones that just dumped stolen / illegally obtained coins into a mixer to 'clean' them will have to either get another way or just hope for the best.
Well funded criminal organizations will probably just set up some sort of phony anonymous exchange that they run. Get other peoples coins and send out theirs.
-Dave
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I can understand your point of view. For now the ring is not built to work like that; it works on the finger. But you bring an interesting conundrum and I think that we can add this as an optional for people to decide whether they want to left their rings unlocked or lock them. I still don't understand how the tangem ring would *know* it's not on your finger unless you have an actual information being transmitted, i.e. locking the ring, but we can probably implement a locking mechanism that you can activate from within the app. I'm not 100% sure if we will be able to include this in the absolute first release but I'll have a deeper look at it.
It's just antenna placement and shielding for the NFC. If you get it *just* right you can get it to scan while on your finger. But there is no way you can do it easily. Not so much tech as design. -Dave |
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... in the end, this forum can be complete without paid signatures.
Yup, I have said it before at least for me I will post here even if I am not wearing a sig. But, so long as I can I might as well make some BTCNot wanting to put words in peoples mouths, but I *think* most of the long time members who are still here and posting have the same thought. I like this forum and enjoy engaging with people on it, and will not really change how I do things even if all signatures are removed. It might also help the forum a bit since people who are 'posting to post to make $' will fade away. Obviously, my view is a bit skewed since I am an American and the amount I make here posting is a very small percentage vs. what I make in my job. In poorer countries the dynamic will be different, since $100 +/- a week can make a substantial difference in the quality of someones life. -Dave |
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...
Campaign managers don’t seem to care at all. Many campaign managers that are active here are also active in the shitcointalk forum and they only manage mixer campaigns there as far as I know since no other business (exchanges and casinos) use that forum for advertising....
There were (are?) a couple of casinos that were advertising there. In the end it probably does not matter. What nobody talks about is that when you change your sig here, it changes your sig on every post you have ever made. When that happens all of a sudden when search engines go to look to make sure that links still exist and they are now gone it hurts your rank fast. At some point in time you have to have more then just here. If I change my sig that is 7500+ links that just went poof if you (mindrust) change yours that is 11000+ links. Which is why some other places don't want to use sig links. -Dave |
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So, anyone here have any takes in this?
Large image removed
I get that many people here have been calculating potential profitability based on block templates but that's the minimum amount of data you can have to make such projections. It's a sample of 1 assuming perfect conditions.
Since the beginning Ocean founders made a big point on how shares are calculated in a more fair manner in Ocean pool. With all the added entropy of how other pools estimate shares, it's not too unlikely that the ultra big miners steal from everyone else. So even with the supposed most profitable block template, hash on other pools is still less profitable? Potentially true. At least Bob Burnett who runs a lot of hash in Ocean and other places claims so.
It'd be interesting to get more insight in this but it sounds very plausible to me. Especially looking at how scummy other pools have been in the past.
Without showing the data it means nothing. 1) How long a time was your sample? 2) Does it include when Ocean was 1st starting and had low fees? It did say since their launch. 3) What other pools? And so on. Anybody can say anything on twitter. -Dave |
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One of the nice security features of the Tangem ring is that fact that it will not work while on your finger. So you don't have to worry about people communicating with it while it's on your hand. Or just grabbing your phone while you sleep and and putting it to your hand, you actually have to take the ring off.
IMO having it work while on your hand is not a good idea.
-Dave
Does that not defeat the purpose of having a wearable hardware wallet if you have to take it off? RingWallet will also support card payments at some point in the future, making it easy to pay with it at any POS in the world - directly from your finger, and directly using self-custody crypto. Once again IMO, it's a security thing. You have to preform the deliberate action of taking the ring off to use it. People can't say grab your phone while you are sleeping and then use a fingerprint to unlock it and do something with the ring. You could probably get my phone and finger while I sleep but there is no way you are getting a ring off without waking me up. That is obviously a worst case scenario. Or how about you are doing a TX but since the ring is on the finger of the hand that you are using to hold the phone a TX is sent before you are 100% ready. Having to take the ring off is just a security thing. Kind of like Tangem cards. Mine never leave their rfid shields until I am ready to do something. Everyone has a different view. This is just mine. -Dave |
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As I posted elsewhere on the board. There is equipment in locations that are under contract. Many data centers don't care if you have 10 racks that are burning all the power you are contracted for or have 10 empty racks. So long as you are at or under the allocated power of what your contract says you are paying your fixed contract rate. So even if you are mining at a loss you will keep mining since you will have less of a loss generating some coins vs no coins.
So when looking at the overall picture without taking into account things like that having people mining at a loss seems illogical, but there are reasons.
-Dave
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