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1721  Economy / Service Discussion / Re: EBAY bans sales of ASIC Miners, I filed a complaint (I won't win) on: March 29, 2021, 04:58:01 AM
Your best solution would be to see if you can be removed from the "managed payments" program that eBay is offering. Or if you are able to have your listing be excluded from this program. It sounds like eBay does not want to manage payments for ASIC miners.
1722  Economy / Service Discussion / Re: Aged Bitcoins Service / Premium? on: March 29, 2021, 04:49:06 AM
PM me for reason.
Let me guess: taxes? Claiming capital gains while in reality you got the coins in other ways?
As attractive as this offer sounds, I wouldn't dare risk money laundering charges because of this.
I think it is probably more likely that the bitcoin being exchanged can be traced back to a theft or hack. There is no reason to need to prove you held coin for 4 years to pay long term capital gains tax rates. You also do not need to provide that level of documentation when filing your taxes, at least in the US, and assuming you are not being audited (audit rates are very low, and I have no idea what level of documentation would be needed in the event of an audit).

I think if anyone were to deal with the OP, they will end up having many merchants and exchanges be unwilling to accept their coin.
1723  Economy / Goods / Re: FOR SALE: Original Satoshi Times 03/01/2009 on: March 28, 2021, 10:38:37 PM
Food for though... how hard would be for someone to plagiarize that exact newspaper and make several copies, and how to verify it is genuine?
My guess is not very difficult. My understanding is newspapers are printed locally, and one printing location will print multiple newspapers, such as the Wall Street Journal, the New York Times, the Washington Post, and the local newspaper.

A quick google search found newspaper paper available to the public, and I would not be surprised if a printer could be cheaply procured that is capable of printing a realistic copy of a particular edition provided you have the content that needs to be printed.
1724  Bitcoin / Hardware wallets / Re: Best Place To Store Your Seed? on: March 28, 2021, 04:39:17 AM
Storing your seed in lastpass/keepass and then storing it in the cloud. 

See this explination as to why it is not a good idea to store your backups in the cloud.

I think you are probably more likely to end up locked out of your backup than having your coin stolen, but that is really a distinction without a difference. If your KeePass password is too complex, you may not remember it years from now, if it is too simple, it will not provide substantial additional protection in the event a malicious actor is able to obtain the encrypted file.

At the end of the day, it is your seed, and you can do what you want.
1725  Economy / Service Discussion / Re: Binance Savings on: March 27, 2021, 07:40:58 PM
But then what is their end game here? They paid $18m to the NYAG and now have provide quarterly reports describing the composition of their reserves for the next two years.
The ruling the NYAG issued on the case is available here: https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf

There are some quotes in it which directly support what I've been saying. Bold for emphasis mine throughout.

Paragraph 20:
Quote
Because of Tether’s inability to conduct significant banking activity during this time, it could not itself hold dollars sufficient to back the hundreds of millions of new tethers that had entered the market. Until September 15, 2017, the only U.S. dollars held by Tether ostensibly backing the approximately 442 million tethers in circulation was the approximately $61 million on deposit at the Bank of Montreal.
442 million USDT backed up by $61 million. That's less than 14%

Paragraphs 25 and 26:
Quote
Tether and Friedman agreed that Friedman would conduct the verification of Tether’s assets as of September 15, 2017.

On the morning of September 15, 2017, Tether opened an account at Noble Bank. Later that day, Bitfinex transferred $382,446,847.71 from Bitfinex’s account at Noble Bank into Tether’s account at Noble Bank. Friedman conducted its verification of Tether’s assets as of 8:00 p.m. EST.
Tell me you don't find that shady as hell. Bitfinex transfer almost $400 million to Tether on the morning of their audit, which they then release the next day saying "Look. We have $400 million in the bank!"

I would call this poor accounting practices, not evidence of fraud. Tether and Bitfinex share common ownership and management but are separate legal entities. it appears they were managed in a way such that they were a single legal entity. IIRC, at the time, there were no separate /USDT markets on bitfinex, every trading pair was /USD and customers could withdraw USDT from their USD balance at bitfinex. I am not 100% sure, but it might have been that the only way to obtain USDT at the time was to deposit USD into your bitfinex account and withdraw USDT.
1726  Other / Politics & Society / Re: 25th Amendament for Joe Biden, when? on: March 27, 2021, 07:25:38 PM
Okay, I will give you that Trump is not very principled, but he is not willing to do anything for power. Trump called for ending the filibuster, but never put substantial pressure on Senate Republicans to do so. Trump also didn't try to change voting laws in a way that would guarantee the US would be a one party state as Biden and Democrats are doing today.
1727  Other / Politics & Society / Re: Do you miss Trump? on: March 27, 2021, 04:31:28 AM
One thing that I believe everyone can agree on is that Trump was able to get more Americans interested in politics, and was able to get more Americans to vote in elections, both the mid-terms and the Presidental election. 2020 saw, by far a record voter turnout, and this was largely caused by Trump.

Agreed, more people became more interested on how politics works, how things works, and how something should be done. Social Media is a great factor in this, and As we all know that peoples who ride the trends, mostly follow what the trend likes, so if what they followed likes/dislikes trump, then so are they.
Social media was around long before Trump became President. There are some people who attributed Obama's election to his ability to reach people via social media effectively.

I think Trump's polarization got Americans more interested in politics and more inclined to vote.
1728  Economy / Service Discussion / Re: Why is behind Celsius Network increasing the minimum loan value? on: March 27, 2021, 04:29:25 AM
My guess is this is to relieve some pressure on their back-office staff to prevent them from having to deal with things such as KYC and customer service inquires from small-dollar borrowers who are not generating much revenue. I would also suspect that the small-dollar borrowers tend to require more resources such as they tend to open more support tickets; this would further decrease the expected profit from these customers.
1729  Other / Meta / Re: Merit Stats pages Cloud Flare error on: March 26, 2021, 03:11:21 PM
It may be a question of simply revising the existing indexes on the tables that are joined to return the query. On SQL server, without using anything too flashy, the query for any of those stats takes 2 second on my environment. I’d expect the server being used to be way faster, and although there may be lock issues (more so as tables grow), dirty reads can do the trick for these cases.

I can’t recall encountering the timeout error before pulling those stats, but it does happen now on some of the topic and reply stats.
The stats in question have post titles, so one of the tables queried will have to be the table containing the titles of every post. I would suspect your database would only contain post titles of posts merited. Depending on how the tables are setup, the edit history of posts may also be queried.

Even if the queries were made more efficient, they are still resource-intensive and would be a potential means an attacker someone could DDoS the forum by repeatedly visiting these stats pages.
1730  Bitcoin / Development & Technical Discussion / Re: Prime number Bitcoin keypairs - How and why on: March 26, 2021, 05:41:14 AM
Compare these two scenarios

1. Output random 32-byte numbers. Test all against known addresses on the blockchain. (Let's for the sake of discussion disregard the fact that such experiments have never yielded any success.)

2. Output random 32-bytes numbers. Test each for primality (time-consuming!). Discard all numbers that are not prime, and test only the remaining ones (the primes) against known addresses on the blockchain.

Scenario 1 is always going to be faster.
This is not necessarily true. Someone could utilize a dataset of 32-byte numbers that are prime. Or someone could develop an ASIC to generate 32-byte numbers. Once an attacker has a list of prime numbers, they can test each one against the calculated address derived from the prime number to see if there are any unspent outputs.
1731  Other / Politics & Society / Re: Do you miss Trump? on: March 26, 2021, 03:24:20 AM
Our new "president" misses Trump:
https://www.youtube.com/watch?v=eZHD3PbbTqw


One thing that I believe everyone can agree on is that Trump was able to get more Americans interested in politics, and was able to get more Americans to vote in elections, both the mid-terms and the Presidental election. 2020 saw, by far a record voter turnout, and this was largely caused by Trump.
1732  Other / Meta / Merit Stats pages Cloud Flare error on: March 26, 2021, 03:18:45 AM
I recently tried to view some of the merit stats reports and received a Cloud Flare error message when trying to view some of the reports, specifically the top merited topics and replies, recent and all time.

The error message said the web server timed out, and gave this information:
Quote
If you're the owner of this website:

The connection to the origin web server was made, but the origin web server timed out before responding. The likely cause is an overloaded background task, database or application, stressing the resources on your web server...

Cloudflare Ray ID: 635d08ee1d92184b

I have noticed these reports can oftentimes take several seconds to load when they actually load.

Based on the above, I strongly suspect that when someone tries to navigate to one of these pages, a report will be generated that is up-to-date as of when the report is pulled, and the report will only be displayed to that specific person. So if two people go to the top merited topics, all time page, 5 minutes apart, two reports will be generated (that are identical, most likely), with each report being displayed to one user.

This is not ideal because the all-time reports need to query every merit transaction, which after 4 years is a lot. I would propose that as an alternative, with the exception of 'recent merits' and 'merit sources', that a user going to any of the merit stats pages will return a static page, and the static page can have a report that is updated every x amount of time. The frequency of how often these static pages should update should depend on how often the output of the reports has historically changed, particularly the rankings. I might suggest the reports be updated no less frequently than once per day.
1733  Other / Meta / Re: Suggestion about Merit Pop up on: March 26, 2021, 02:41:57 AM
Perhaps a blank value would be preferable.

There is a spike in awarding 10 sMerits in a single TX, in relation to 9 and 11, but for amounts with two digits involved, there is a tendency to have more of a soft spot for multiples of 5. Can´t really infer from the data if those awarded tenners were all deliberate, or whether any or a meaningful number were due to the depicted effect.
There is a spike at 20 merits in relation to 19 and 20 as well. The number of times that 25 merits is sent is approximately the same as 24 and 26. There is a similar, but smaller spike at 30 merits being sent.

I think there is a chance that, when someone intended to send 2 or 3 merits, they ended up sending 20 or 30. It is unusual for someone to have 20 or 30 sMerit to send, so the above does not count the number of times someone had 20 or 30 typed, but received an error message due to insufficient sMerit balance.

I don't see any good reason to have a default placeholder in the box for the number of merit to send. IMO it should be blank.
1734  Economy / Economics / Re: Tesla Bought 1.5 B in Bitcoins on: March 26, 2021, 12:04:05 AM
<...>


I believe that Tesla is actually describing their bitcoin holdings as an “investment”. I believe that the majority of their reserves are in USD, and this will probably remain true for the time being.

Actually , I am amonst the number of people who think the biggest part in that announcement is that Tesla will not convert their coins back into fiat (at least immediately upon receiving them).
This means they acknolwdge to bitcoin a given virtue as a SoV, even more in the short term!

It means that Tesla is speculating the price of bitcoin will increase over time. Bitcoin has a store of value because the market gives it value. I would speculate that Tesla hopes to eventually be able to pay some of their suppliers in bitcoin.


What if he's not selling his Tesla for Bitcoins, but he's actually buying Bitcoin with his Tesla?
(Saw this on Twitter today, I can't find the original tweet).

In effect, that is what Tesla is doing. They are growing their 'investment' in bitcoin via accepting bitcoin for their cars.
1735  Economy / Service Discussion / Re: Tesla Bitcoin payment processor? on: March 25, 2021, 07:55:54 PM
While Tesla is a car company, it is also a tech company. Their software engineers are more than capable of creating custom software that can accept bitcoin payments. Musk has also said that Tesla is not going to convert the bitcoin received as payment to fiat.

My best guess is Tesla is using the open-source software bitcoin core or a derivative of it, and created its own custom payment processing software.
1736  Economy / Service Discussion / Re: Cloud Mining services on: March 25, 2021, 07:30:09 PM
I would suggest anyone reading this thread to avoid cloud mining services. There is nothing to prevent any cloud mining provider from stop paying out mining revenues to its customers. There is nothing to prevent any cloud mining provider from reselling the physical miners outside of when they should. There is also no guarantee that any cloud mining provider actually has mining equipment, and is not a pyramid scheme.
1737  Other / Politics & Society / Re: 25th Amendament for Joe Biden, when? on: March 25, 2021, 11:20:01 AM
I believe that Kamala will push him down the stairs and step up to become America's first non-white female president.

I believe the main reason Harris is being vilified by the right so much more than Biden is because she's a woman of color and Biden is white male.
You don’t think it has anything to do with the fact that Harris is a radical? Or that she is unprincipled? Or that she will do anything for power?
1738  Other / Politics & Society / Re: The Kracken! on: March 25, 2021, 04:09:25 AM
This is actually a common defense to libel cases of this nature.

Did anyone really believe Powell's claims regarding Dominion? Does anyone believe that Dominion's algorithms are set in a way that Biden will get more votes regardless of the outcome, except if Trump gets enough votes, the algorithm gets messed up? Anyone with a basic understanding of algebra knows this is not true.  

Except she filed lawsuits. The fact that they were thrown out is irrelevant. Either she filed lawsuits in several state & federal courts with information that she believed was not true (that's a felony) OR she really believed what she was saying in which case she can't use it as a defense.
That is a good point. Making statements in court, including statements in a lawsuit is protected speech, so she cannot be sued for libel for anything she says in court. Also if she were to make the statement "I alleged in court that..." it would be factually true as long as she did in fact make the allegation in court. Ditto if she were to say "I plan on alleging in court...".

I read the actual article that Twitchy posted, and it says that Powell's claim is:
Quote
reasonable people would not accept such statements as fact but view them only as claims that await testing by the courts through the adversary process

I didn't follow the post-election drama real closely, however, I believe that some of the statements I cited in my last post did not ever make it into any lawsuit, or that some of the really crazy allegations did not make it into lawsuits. For some of these statements, the argument (that does not appear in the article) that no reasonable person would believe the claims were true, would probably be a good defense.


Slightly OT but since it was in my reply yesterday. People like Spendulous and a few others really irritate me here. It's not the politics, it's the lack of discussion anyplace else on the forum. Left / right / center does not matter, the P&S part of the forum is an open area for everyone to say what they want about P&S. BUT if you are only posting here and not anywhere else on the forum then you are just here to talk politics and not about BTC / crypto. There are other places to talk about that on the net. But come on, at least give an occasional post elsewhere.

-Dave

For Spendulous specifically, I reviewed his early posts, and it appears he might have been a miner in 2013 or possibly before. It looks like his early posts consisted of a lot in the P&S sub, and in the economics sub with posts related to bitcoin and how it relates to economics. My guess is this place is special to him because he likely made a lot of money via bitcoin. The political leanings of the userbase has shifted over time, and I think more people probably agreed with his views when he first started posting here.

I would also note that I will make a post the majority of the time when I read a thread in P&S for the first time, but I will read bitcoin-related threads and not make a post most of the time. Sometimes I will add a bitcoin-related thread to my watchlist, and not post in the thread for months, if ever.
1739  Economy / Economics / Re: Tesla Bought 1.5 B in Bitcoins on: March 24, 2021, 09:20:30 PM
Musk says that bitcoin received as payment will not be converted to fiat, however, there are obviously limits to this. Tesla currently pays its suppliers and employees in USD, and if they are receiving BTC for their cars, and not converting the BTC to USD, they are effectively buying BTC. At one point, they will have accumulated too much BTC and will need to dispose of it somehow.

The real big news will be when Tesla is able to start paying their suppliers and/or employees in bitcoin.

Agree. But at least they are consistent in using bitcoin as a "reserve currency".
If you are using your unit as a Store of Value, it makes sense to convert your unit into the MoE as later as possible.

So for sure, they will pay their suppliers and employees in fiat, for the time being, but they will hold their reserves in bitcoin.
This makes sense, until, as you say, everyone will be directly paid in Bitcoin, then converting into fiat will be totally useless (I guess the last legit use of fiat money will be for paying your due taxes).


One concern I have about this is that some hold’ers might decide to buy a Tesla with some of their coin they otherwise would have continued to hodl, and will need to sell 25% of sales price to fiat in order to pay capital gains tax.


I believe that Tesla is actually describing their bitcoin holdings as an “investment”. I believe that the majority of their reserves are in USD, and this will probably remain true for the time being.
1740  Economy / Economics / Re: Tesla Bought 1.5 B in Bitcoins on: March 24, 2021, 07:34:49 PM
So the big news is of course Tesla is going to accept Bitcoin as a mean of Payment:


https://twitter.com/elonmusk/status/1374617643446063105?s=20


Musk says that bitcoin received as payment will not be converted to fiat, however, there are obviously limits to this. Tesla currently pays its suppliers and employees in USD, and if they are receiving BTC for their cars, and not converting the BTC to USD, they are effectively buying BTC. At one point, they will have accumulated too much BTC and will need to dispose of it somehow.

The real big news will be when Tesla is able to start paying their suppliers and/or employees in bitcoin.
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