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161  Bitcoin / Legal / Re: Discussion of Opportunity Zones with no capital gains taxes in the US on: July 24, 2018, 11:58:04 PM
Upon closer inspection it appears that it only defers taxes for 8 years and then reduces them by a paltry 15%. I mean it could be really good if you already had a business idea that would work well in a low income area but purely as a tax avoidance scheme, seems questionable.
162  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: July 24, 2018, 06:10:00 PM
Monero and Particl have the same anon tech (RingCT) I think they would be happy to know RingCT can be built on top of the btc codebase.


RingCT is just one part of Monero anonymity. There will be 4 once Kovri kick in. The other two are Ring signatures and Stealth addresses....

Five, you forgot sub-addresses.
163  Bitcoin / Development & Technical Discussion / Re: Lightning Network Discussion Thread on: July 24, 2018, 04:12:31 PM
Indeed, it's very telling how much effort they put into trash talking in comparison to how much they want to add supporting voices to alternative ideas to improve cryptocurrencies.

This, exactly this, was my problem with Shelby lately.
164  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 24, 2018, 03:45:08 PM


we progress

Oh cute, look! This bitcoin rocket meme comes with built in alt coin rockets!



Anyone interested in forming a study group? Or is there some other subforum here in BCT that might be better for such a discussion?

Hey bearman. You said something about wanting to make some sort of research group If you want to make a discussion thread about it do so and toss me a link.
165  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 24, 2018, 03:23:49 PM
Grr. Be serious for a moment, dammit! This is potentially useful to a good number of us here. Boblawblaw? Where you at? I know you've got me on ignore, but this should be very interesting to you too.

Sorry. I'm not very good at being serious. Serious people take all of the problems in the world too seriously and it makes them unhappy. I instead learned how to look at it all like a giant cosmic joke. Everything is an opportunity to lul. In this way I have found true happiness in this life. Kek be praised.

But no you are right. This is interesting indeed. I am glad it was shared. It is now on my radar and I am glad it is on my radar. To me, though, this begs a more meta question. How does one go about finding the right sort of person to hire who knows about all of the programs like this and can advise you on how to financially plan in such a was as to mitigate the greatest tax burden?
166  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 24, 2018, 06:01:26 AM
EDIT: but then you have to be fast! interesting! must study it!  Grin

Future premise to a Jason Statham action flick like crank.



So: topic swerve.

All y'all may recall I've been looking to Puerto Rico as a means of reducing capital gains taxes owed (I'm 'Merkin). But I've just learned of another (legitimate - according to IRS) potential route out of the system that may be as interesting:

https://www.forbes.com/sites/forbesdigitalcovers/2018/07/17/an-unlikely-group-of-billionaires-and-politicians-has-created-the-most-unbelievable-tax-break-ever/

Anyone interested in forming a study group? Or is there some other subforum here in BCT that might be better for such a discussion?

Thank you for the link. Extremely interesting.

Quote
North Charleston, South Carolina, might be the most misnamed place in America, a path through a weedy, desolate neighborhood with 20% unemployment and a 40% poverty rate.

Can I invest in meth labs?
167  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 24, 2018, 05:44:33 AM
Jesus Gyrsur. I want to see the real version Shocked Shocked Shocked That's some next level figure there.


you trust the protocol which you verify with your own device which implements BIP 174. the other party signs the tx offline with his device and exchange a SD card with you. you verify the tx offline with your devices and after this you hands over the Cocaine.  Wink
I just cant wrap my head around what prevents the hillbilly from spending that input that he used in his offline transaction with me on the block-chain before I can get home and publish the transaction myself. Huh

Really I need to actually read the whole BIP myself and stop being lazy. Was just kinda hoping someone here would have a quick answer that would bail me out of all of that work. Cheesy
168  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 24, 2018, 05:36:56 AM


Yess! My first meme made about me. <3
169  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 24, 2018, 05:21:29 AM
Wow...the $7,800 resistance has been broken and..!!..!!...


the price is still under $10k    Cry

Should we get started on the next blockchain? Perhaps blockchain on the cloud this time? Should we IPO? Perhaps something in Plastics? With some of that railway technology...

BIP 174 should be enough for moon.

https://github.com/bitcoin/bips

EDIT: and ASCII art of course.

What are the broader implications of BIP 174?

partial offline signed transactions. in case you're are not connected and want to transfer BTC. it's like having a secondary ledger besides the main ledger (Bitcoin blockchain) and you can sync it later. (as I understand so far.)

https://ethereumworldnews.com/de/bitcoin-improvement-proposal-bip174-offline-btc-transactions/

But who needs to trust whom? Suppose I go out into the boonies to buy some moonshine from a hillbilly. Both of us are miles away from an internet connection. We do an offline transaction. Is there any concern for either party that the other gets to an internet connection sooner than he does?
170  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 24, 2018, 04:58:17 AM
Sorry I’m not confident we have bottomed. I think the ETF application will fail and the arse will fall out of the price.  Then we bottom in early 2019.  

This is a nice interim rally and lays the foundations for the long term recovery.
Actually, the chances for ETF approval are pretty good, considering the negotiation phase (questions from SEC and replies from VanEck SolidX Bitcoin Trust). Usually, if a submission enters that stage it means only one thing - the approval will be given provided that the details are settled. I think every concern of SEC and the 6  negative comments (compared to 200 positive) are met in the amendment sumbitted recently by the VanEck SolidX Bitcoin Trust: https://www.sec.gov/Archives/edgar/data/1668039/000110465918038369/a18-2298_1s1a.htm#THERISKSYOUFACE_0815342.
There is just not enough reasons to justify a reject decision IMO. The comment period expired, so we have to wait until 16 August or 45 days later to hear the decision by SEC.

Zerohedge: Bitcoin ETF "Nearly Certain" To Win Approval Later This Year Take that for what ever it's worth.
171  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 24, 2018, 04:55:02 AM
Wow...the $7,800 resistance has been broken and..!!..!!...


the price is still under $10k    Cry

Should we get started on the next blockchain? Perhaps blockchain on the cloud this time? Should we IPO? Perhaps something in Plastics? With some of that railway technology...

BIP 174 should be enough for moon.

https://github.com/bitcoin/bips

EDIT: and ASCII art of course.

What are the broader implications of BIP 174?
172  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 24, 2018, 03:40:09 AM
15 minute candles.  Yellow looking more and more like it is support again.  Bullish.



Gentlemen, how confident (or not) are you that the bottom is in?
173  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 23, 2018, 11:29:13 PM
What if your motives were deleterious and your technique refined?

What do you mean, "if"?

Roswater patiently playing the long game.
174  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 23, 2018, 11:20:48 PM
Your ROI on buying a later key will shrink to close to zero. It then becomes a game of chicken with the pot. People will get sick of not achieving a return on their investment and progressively give up. Others will get DDOSed and attacked. Mistakes will be made.  Eventually someone will win.  

But what if you wanted to specifically tailor the rules for the purposes of creating a black hole that would never die? What if you wanted to make weaponized game theory based on block-chain scripts? What if your motives were deleterious and your technique refined?
175  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 23, 2018, 10:51:46 PM

The question is why would it ever drop to 0. Why would anyone ever let that happen? If they wont, which it is reasonable to assume that they wont, then wont this thing grow forever? What does this mean? Has someone figured out how to create a dooms day device built on game theory and censorship resistant computing? Even if it is not a dooms day device is this hinting at the idea that maybe game theory based dooms day devices could be created on block chains? This seems like a bigger thing than the game it's self.
176  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 23, 2018, 04:47:39 AM
BOOM!

Now I can go to bed and dream Smiley

Yes indeed. I was just about to head off to bed myself and saw your comment last thing. Thanks for that.
177  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 23, 2018, 04:32:33 AM
..."The thing that preppers are preparing for will never come."... - which ones. the preppers that believe trump will stop it?

Catastrophic simultaneous failure and break down of societal institutions. It could happen of course. I'm not saying it wont. I'm just saying that my best guess is that it will either be a slow erosion and not a catastrophic event or that projects like ours will save the day.

Hey you know ever since you linked that video about QAnon I've been keeping it in the back of my mind and looking to see how well current events match up with that narrative. You know, it's just been part of my general consciousness since I watched it. And I have to say that I have been quite surprised by how well the news seems to be playing out exactly the narrative put forward in that video. Particularly with this record of texts between these 2 FBI agents and the terrible optics for the FBI that came out of that hearing. And this thing with these tweets from this pedophile director james gunn who was responsible for one of the only franchises that is actually successful for the culture weapon known as Disney corporation. Not enough data points yet but quite interesting none the less.
178  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 23, 2018, 03:16:43 AM
What would a Reset look like?
Why a Reset?
How long is the Reset?
Who would know?
Who would have control?
Would it be Fiat or Crypto?
What happens to debt?

Well you can roughly break it into three categories. Inflation, deflation or stagflation. First you can rough guesses as to what each of those would look like. And as a separate exercise you can make rough guesses as to how likely each one is.

Personally my vote is for stagflation. If you want an idea of what that looks like look at Japan for the last 2 decades. Decreasing wages, increasing cost of living. Zombie corporations that gradually become more and more like the DMV but never go away and never allow new better competition to enter. Add in some crumbling infrastructure and some social unrest. Imagine racial tensions getting worse and worse. And the heavy hand of the police state using racial tensions as a justification to take more and more liberties away. Imagine the Western countries slowly becoming, in a totally predictable fashion, the third world shit holes that they invited all their migrants and refugees from.

The rich will be fine, of course. They will have enclaves. And with any luck we will be them and they will be us. Eventually the brainiacs will get AI properly figured out and there will be a great culling.

There will never be a big "event". The thing that preppers are preparing for will never come. It will be the proverbial frog in the boiling water. Of course it will. How would THEY benefit from a catastrophe? Maybe they could but it would be far too risky.

That or maybe the future is, in fact, bright because of this and other technologies and social movements like it.
179  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 23, 2018, 02:49:26 AM
Completely out of nowhere.

As breakouts tend to be in a bear market.


*Most of the time* walls are there to be eaten.

Haha yea when I was offloading my IOTA I developed the fastest gun in the west. People sometimes would try to get cheeky and flash some sort of wall they didn't actually intend to use, thinking they were going to generate bullish sentiment or something, but I would just hammer it with in like 1/4 of a second. I could just feel them on the other end turning white and yelling obscenities. Fun times Cheesy.
180  Other / Meta / Re: Anunymint ban on: July 23, 2018, 12:35:13 AM
someone who does interesting technical work that makes a real difference and someone who strings together terms and disrupts discussions can look pretty similar.

It can sometimes be difficult to tell the difference between someone who is blowing smoke and someone who simply knows some things that you do not know. But, I have always valued your opinion quite highly so, for me, this is case settled on the AnonyMint question. Thanks for taking time to weigh in. Good luck and god speed in your work.
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